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Tesla Is Going to India: What to Expect

TheMotleyFool

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Tesla Is Going to India: What to ExpectPhoto, wide shot, wide-angle lens, Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png

Tesla (NASDAQ: TSLA) is going to India. The Silicon Valley-based automaker plans to begin offering its Model 3 sedan to Indian customers early next year, according to India's transport minister, Nitin Gadkari.

India's auto market has huge potential, but it's also one of the most price-sensitive in the world. How will Indian consumers -- accustomed to inexpensive small cars -- respond to Tesla's powerful-but-pricey vehicles? Can the company duplicate its China success here?

We've known for a while that Tesla has been planning to enter the Indian market. CEO Elon Musk seemed to confirm those plans in a tweet in October.

Source Fool.com

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