The world's richest person and America's famous electric car company Tesla's owner Alan Musk will not be easy for business in India. He will have to face a tough challenge from Indian companies like Tata and Mahindra here. This is to say that Sajjan Jindal, chairman of JSW Group. He has said that Tesla's entry into India's electric vehicle (EV) market will not be easy, as the company will have to face a tough challenge from domestic companies like Tata Motors and Mahindra & Mahindra.
Elon Musk's electric car company Tesla is preparing to enter the Indian market. Tesla is opening a showroom in Mumbai's Upskale business area Bandra Kurla Complex (BKC) to sell its imported cars. Tesla also plans to set up a manufacturing plant in Maharashtra. Earlier, the world's most famous electric car brand had long been seen as a legend that could be a threat to India's electric vehicle (EV) market.
Speaking at the Ernst and Young 'Entrepreneur of the Year' Awards, Jindal said that the Indian market could be challenging for Tesla and his CEO Alan Musk. Jindal said during a panel discussion, "Elon Musk is not here. They are in America. They cannot succeed in India! We Indians are here. They cannot do what Mahindra and Tata can do. "
Jindal further said, "There is no doubt that he is very smart. He specializes in spacecraft and other such works. He has done a wonderful job, so I do not want to snatch anything from him. But being successful in India is not an easy task. " Jindal's comment comes at a time when Tesla is taking steps to enter India and the government is considering cuts in tariffs on imported electric vehicles. Jindal's statement also shows the ongoing changes in India's automobile sector, where companies are focusing more on electric and hybrid vehicles to suit emission norms.
