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Rohan Saha

complicated Investorย โ€ขย 1m

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.

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