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’Tesla’s loss, not India’s’: Ola founder Bhavish Aggarwal on Elon Musk’s Indian market pullback

Livemint · 10m

Indian ride-hailing giant Ola's founder and CEO, Bhavish Aggarwal, stated that Tesla's withdrawal from the Indian market is a loss for the automaker, not India. He commented that India's EV and lithium industries are growing rapidly, making it too late for Tesla to enter the market. Bloomberg reported that Tesla has not responded to inquiries from Indian officials and does not plan to invest fresh funds in the country. The Indian government may now focus on domestic players like Mahindra & Mahindra and Tata Motors to boost EV production in the country. Ola is set to make its market debut soon with its electric vehicle startup.