From Breakingviews - Tesla pushes limits of India’s electric-car dreams
A Tesla Model X picks up passengers during a Tesla event in Palo Alto, California October 14, 2015. REUTERS/Beck Diefenbach/File Photo - RC2KM0AXAFTTto manufacture and sell vehicles in the country, Reuters reported on Wednesday, citing a source. That might make sense if the $550 billion marque becomes a market-maker, as it did in China.
offers an alternative roadmap. Last month, CEO Tim Cook presided over the opening of the company’s first two stores in Mumbai and Delhi. Apple’s warming relationship with India was fostered on the factory floor. Its suppliers are ramping up their domestic production: iPhones accounted forof some $9 billion worth of smartphones exported from India in the eleven months to February.
Neither India’s domestic market nor exports seem ready to support that. Though total passenger vehicle sales reached nearly 4 million in the year ending March 2023, less than 2% were electric vehicles, and those were mostly more affordable models such as Tata Motors'
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