Speaking at a media event, Jindal emphasised that Indian automakers have a deeper understanding of local pricing, product development, and scale, giving them an edge over the U.S.-based EV giant.
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Speaking at a media event, Jindal emphasised that Indian automakers have a deeper understanding of local pricing, product development, and scale, giving them an edge over the U.S.-based EV giant.
JSW Group Chairman Sajjan Jindal has stated that Tesla will struggle to succeed in India’s electric vehicle (EV) market, citing strong competition from domestic manufacturers Mahindra and Tata Motors. Speaking at a media event, Jindal emphasised that Indian automakers have a deeper understanding of local pricing, product development, and scale, giving them an edge over the U.S.-based EV giant.
Also Read: Tesla Identifies Showroom Space in Mumbai and Delhi
“He (Musk) can’t be successful in India,” Jindal said, highlighting the complexities of the Indian automotive market. “He is not here. He is in the U.S. We Indians are here. He cannot produce what Mahindra can do, what Tata can do—it’s not possible.” While acknowledging Musk’s achievements in space technology and electric mobility, Jindal expressed scepticism about Tesla’s ability to navigate India’s market dynamics.
Also Read: Tesla Accelerates India Entry with Hiring Spree Following Musk-Modi Meeting
JSW has recently entered the automotive sector by acquiring a 35 per cent stake in MG Motor India, with plans to strengthen the country’s EV ecosystem. The company aims to be a key player in the EV segment by 2030.
Also Read: Tesla to Import Cars from Germany For India?
Meanwhile, Tesla is preparing for its India entry with confirmed plans for showrooms in Mumbai’s Bandra-Kurla Complex (BKC) and Delhi’s Aerocity. The company has also posted job openings in India, signaling its commitment to the market. Initially, Tesla will import vehicles from its Berlin plant, while the Indian government is considering a policy revision to reduce import duties from 110 per cent to 15 per cent, potentially making Tesla's offerings more competitive.
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