Tesla Is Going to India: What to Expect
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