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Alan Musk's Tesla opened showrooms in Mumbai and Delhi, launched model Y, but got only 600 bookings in India. There are plans to send 350-500 cars from Shanghai.
Only 600 bookings received so far
According to Bloomberg, the American EV giant has so far received only 600 bookings in India. This number is equivalent to the numbers sold at the global level every four hours in the first half of this year by Tesla. This is much less than the company's expectations. India is a very important market for Tesla as the company's cell in Europe and China is steadily declining.
Cars will come to India from Shanghai
It has also been told in the report that Tesla is now planning to send 350 to 500 cars in India this year. The first batch of Tesla model Y vehicles from Shanghai is expected to come in early September, with the delivery to Mumbai, Delhi, Pune and Gurugram.
These are the reasons?
Tesla planned to abolish its 2,500-car annual quota this year. However, its strategy was based on the Stight Brand Appeal and close ties with Alan Musk and President Donald Trump, it has now failed. The reasons for the public dispute with Musk's Trump, tension in the US-India relations, high import duty and more price sensitive market of India are coming in the way of the company's success in India.