Tesla's entry into India falls short of expectations
Tesla's foray into the Indian market appears to slow off the blocks. Sales since the US electric carmaker's launch in mid-July have reportedly fallen short of expectations. The EV maker has been struggling in major markets including Europe and China, amid backlash against CEO Elon Musk. Another issue is Tesla's high price tag — fuelled by India's steep import duties on cars — that keeps it out of reach for most Indians. According to a Bloomberg report, Tesla has only sold just over 600 cars in India since its launch. Rebecca Bundhun reports from Mumbai.
Tesla's foray into the Indian market appears to slow off the blocks. Sales since the US electric carmaker's launch in mid-July have reportedly fallen short of expectations. The EV maker has been struggling in major markets including Europe and China, amid backlash against CEO Elon Musk. Another issue is Tesla's high price tag — fuelled by India's steep import duties on cars — that keeps it out of reach for most Indians. According to a Bloomberg report, Tesla has only sold just over 600 cars in India since its launch. Rebecca Bundhun reports from Mumbai.
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