Tesla's Rocky Road: Unexpected Bumps in India's EV Market
Tesla's ambitious entry into India's electric vehicle market fizzles as high import duties and sluggish demand leave over 100 Model Y SUVs unsold. Despite initial bookings, high prices and limited infrastructure hinder conversions, forcing Tesla to quietly offer discounts to clear out inventory. This struggle mirrors global sales challenges, with competitors like BYD leading the charge.
Jan 15