Founder - Burn Inves... • 4m
Many people think that with Tesla's entry into India, Indian auto companies won't be able to sell, which is completely wrong. Yes, no doubt Indian companies will face competition, but their customer base will be different. Tesla will never target the middle class, it will go for the elite customers. History shows that foreign auto companies haven't done particularly well in India. Even if we talk about foreign countries, it's not like only Tesla is selling there; there are other companies as well. Take our Indian example of Range Rover; their market hasn't disappeared. They are still premium car makers today. The market sometimes overreacts to such things, but with time, it adjusts.
Content creator • 1y
Those Indian brands that look foreign to you. Jaguar Land rover: Tata Group had bought Jaguar and Land Rover in 2008. Royal Enfield: Royal Enfield is owned by Acher Motors of India. Hamlays: Reliance Industries had bought Hamlays in 2019 for ₹620
See MorePassionate about Pos... • 19h
I'm sure quite opposite will happen tesla might face these issues on Indian roads just for like few initial months but soon enough they'll catch up with Indian roads too , then these same internet posts questioning how tesla can succeed india with
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