Tesla won’t “make cars in India, sell in India, and export from India” anytime soon

[lonelyman]

I am not sure why any foreign company would like to invest in India when the prospect of war with China, a super power, are looming large. India is indeed western countries puppet but at the end of the day, security factor will kick in.

Indians don't afford Tesla, apple products, except a few billionaires.

online Indian trolls living in another parallel universe

 

[Saudang]

China didn't have this issue of a looming war with a much greater power in 2000s when it embarked on its economic growth. India on the other hand is in this situation right now with a super power breathing down its neck, forcefully occupying Indian claimed territory, with the chances of situation improving looking very remote. Regardless of what number you can come up with, fake or real, long term investors will always look at nation stability and security. With war looming with China, not sure how India can market itself as a secure destination for investment. Who knows, China might have swayed tesla decision on this occasion!

China herself is now in a conflict with the US and you are talking about Tesla investing in China.. geopolitics and economic decision are independent for major countries like India. India is at the same position as China was in 2007 in terms of economy and development, 15 years behind.. we will improve and partially catch up

Nigeria is a $1 trillion economy but tiny Ireland is still a better market because of PER CAPITA.

On PPP India is $12 trillion dollars economy

 

[Bilal Khan (Quwa)]

Once an Indian EV shows up, Tesla (and others) will change their tune.

 

[Saudang]

India's economy is $2.7 trillion not $3.2.

Was quoting IMF..incase if you know more than IMF, correct me

Report for Selected Countries and Subjects

www.imf.org

 

[GamoAccu]

Was quoting IMF..incase if you know more than IMF, correct me

Report for Selected Countries and Subjects

www.imf.org

2020 India GDP is actually $2.62 Trillion

World Bank Open Data

Free and open access to global development data

data.worldbank.org

Was quoting IMF..incase if you know more than IMF, correct me

Report for Selected Countries and Subjects

www.imf.org

Where in the IMF says 2020 India GDP is $3.2 trillion?

 

[Indos]

Nigeria is a $1 trillion economy but tiny Ireland is still a better market because of PER CAPITA.

Nigeria Nominal GDP is 432 billion USD

nigeria gdp nominal - Google Search

 

[Skull and Bones]

India does not provide enough economy of scale for Tesla to make cars in India a profitable venture (Model S and Model 3), unless they can launch a sub $20-25k car to target developing countries.

 

[FuturePAF]

Tesla is avoiding the problems Apple dealt with, when under marketing gimmicks, it was led to believe that India was a lucrative market given its growing middle class. reality had other plans.

India isn’t a replacement for the Chinese market, given the sharp gap between the standards of living in both countries and wealth gap between the middle class in China and India. Tesla will bend over backwards for the Chinese markets, accepting prohibitive demands placed by the Chinese regulators because its a profitable market. India won’t be in similar level in decades.

Also the Indian workforce doesn’t have the level of technical training that would give confidence to an investor, when compared to other regional nations. Only for political reasons would Tesla consider making its cars in India, and then it would have to run the numbers, of how many units it would have to produce for it to be worth it for them; Tesla would have to invest Billions upfront.

It would be smarter for India to work on a less technically advanced EV, and let the market develop organically. Similar to what China has done for the past few decades.

 

[pikkuboss]

Once an Indian EV shows up, Tesla (and others) will change their tune.

We are already in that process as we speak.

TPG to invest $1 billion in Tata Motors' electric vehicle subsidiary

The EV business in the commercial vehicles segment will remain with the parent company and is out of the purview of this deal

wap.business-standard.com

Also the Indian workforce doesn’t have the level of technical training that would give confidence to an investor, when compared to other regional nations. Only for political reasons would Tesla consider making its cars in India, and then it would have to run the numbers, of how many units it would have to produce for it to be worth it for them; Tesla would have to invest Billions upfront.

It would be smarter for India to work on a less technically advanced EV, and let the market develop organically. Similar to what China has done for the past few decades.

We are already in that process and we don't want Tesla to bring imported cars to distabilize the momentum. Today they have an upper hand but tomorrow this same Tesla will be waiting in line to enter India.

TPG to invest $1 billion in Tata Motors' electric vehicle subsidiary

The EV business in the commercial vehicles segment will remain with the parent company and is out of the purview of this deal

wap.business-standard.com

 

[Saudang]

2020 India GDP is actually $2.62 Trillion

World Bank Open Data

Free and open access to global development data

data.worldbank.org

Where in the IMF says 2020 India GDP is $3.2 trillion?

look at the report again

 

[mmr]

What's the big deal. If 90 percent indian can use Chinese phones why not buy made in china car.

 

[serenity]

Requires charging stations everywhere in cities. EVs are currently not good for places like Australia due to huge distances. India doesn't have empty distance problem like Australia but will require private market to invest billions to build enough charging stations and the complementary energy grid ability to accommodate this.

 

[Unknown-V]

look at the report again

I think he is referring to this bar chart, that shows India's GDP is $2.62 trillion

 

[Saudang]

What's the big deal. If 90 percent indian can use Chinese phones why not buy made in china car.

I also wear made in Bangladesh underwear .. no big deal

 

[Taimoor Khan]

China herself is now in a conflict with the US and you are talking about Tesla investing in China.. geopolitics and economic decision are independent for major countries like India. India is at the same position as China was in 2007 in terms of economy and development, 15 years behind.. we will improve and partially catch up

You are a highly deluded Indian.

China issues with America are NOW not in the past when it started its journey towards economic growth. China NOW is a super power in its own right and whole world knows that US and China will never go to war with each other, not just because of mutually assured destruction but also because of huge interdependency. This is not the case between China (a super power) and India (a third world country). The conflict between China and India is real, where people have died, where China conquered Indian claimed territory recently and is in no mood to give India any breather. Investors are no fool, and these issues will always play part in long term investment in India.