Tesla (NASDAQ:TSLA) is finally making moves in India, selecting locations for its first two showrooms as it ramps up plans to sell electric vehicles in the world's most populous country.
The EV maker is setting up large showrooms in New Delhi and Mumbai, marking a renewed push after previously pausing its India expansion in 2022. Interest picked up again following a meeting between Tesla CEO Elon Musk and Indian Prime Minister Narendra Modi in the U.S. last week. Meanwhile, Tesla has posted job listings in India, including roles for engineers, further signaling its entry into the market.
Tesla is reportedly looking at importing vehicles from its Berlin plant, with the Model Y SUV expected to be its first offering, given its right-hand drive configurationa key requirement for India.
Company officials are scheduled to visit India in April to review operations and meet with key government agencies, including the Prime Minister's Office, Ministry of Heavy Industries, and Ministry of Road Transport and Highways.
It's unclear if Tesla will pursue a joint venture or partnership in India, where established players like Maruti Suzuki, Hyundai (HYMTF), Mahindra (MAHMF), Tata Motors, and Toyota (NYSE:TM) dominate the market.
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