Days after Tesla CEO Elon Musk met PM Narendra Modi in US, the US electric carmaker has advertised for multiple jobs in Delhi and Mumbai and is reportedly eyeing operations by April, starting with importing electric cars from the company's Berlin plant. Last year, Musk was set to meet Modi during a trip to India where he was expected to announce a potential $2 billion-$3 billion investment, but the visit was called off after Tesla decided to lay off 10% of its global workforce amid declining sales. More
Completely Knocked Down (CKD) cars are shipped in parts to a country where they are then assembled before sale. This method is mostly aimed at reducing import duties
CLSA recently said that the entry of Elon Musk-led Tesla won't significantly impact the already existing automakers in the domestic market; Jefferies sees up to 53% potential upside for M&M stock
Tesla’s immediate India plan is to import cars and sell them in India. Musk and U.S. President Donald Trump however have repeatedly said India’s tariffs for cars are too high.
Tesla's cheapest car model retails for over $35,000 (over Rs 30 lakh) in US. This is significantly higher than the average selling price of cars in India, which stands at nearly Rs 12 lakh, CLSA noted in its recent report.
Tesla will commence its India rollout in the next couple of months with imported EVs, and is unlikely to have any local manufacturing component to begin with. Instead, the government may seek to integrate India into Tesla’s global value chain.
Of the 90,354 EV four-wheelers registered across the country in 2024, 6.6 percent or 5,926 belonged to brands whose cars were worth over Rs 20 lakh
The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) was notified in March 2024.
Tesla seeks candidates for several roles based in Mumbai, Delhi and Pune, signalling the entry plans for the Elon Musk-led company after his meeting with Prime Minister Narendra Modi during his US trip.
The car company said India's 'business environment has changed' due to declining market share and intensified competition in the electric vehicles space, adding that the company needs to 'rethink strategy'.
"I told Prime Minister Narendra Modi yesterday...India charges the highest tariffs in the world," Trump said.
Tesla is reportedly planning to set up its showrooms in Mumbai's business district of BKC, and at Aerocity in New Delhi.
The company is likely to set up its manufacturing facility in India as it has begun its search for land parcels
The development comes after the Prime Minister Narendra Modi’s US visit last week, where he met US President Donald Trump and billionaire Elon Musk
Showroom locations have been identified in Mumbai's business district of BKC, and at Aerocity in New Delhi. Initial plans involve the launch of an EV under $25,000, or around Rs 21 lakh, for sale in India.
Tesla's job descriptions reveal plans for setting up a comprehensive sales, service, and support network, building a local team capable of managing and growing Tesla's operations in India to align with global standards and local market dynamics, says Grok
12 of the job postings are for full-time roles, while only one is for a part-time job. All the 13 jobs would require on-site presence.
States are competing to win Tesla's suppliers, with Gujarat and Tamil Nadu taking the lead by leveraging their robust manufacturing ecosystems
Musk’s expected announcement of Tesla’s entry into the Indian electric vehicle market is as much a win for him as for India.
If the development turns out to be true, this will be the second model to be considered by San Carlos, California-based EV maker for India, after Model Y.
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In January, Elon Musk said the US-based EV-maker is facing a ‘lot of challenges’ for its car launch in India