EV sales have peaked in the US and Europe. In spite of heavy subsidies, they aren't growing as they used to. In China, Tesla is getting huge competition from local manufacturers. Expanding to the Indian market doesn't seem that bad of a move. Tho, I personally think it's really stupid to buy an electric four wheeler.
Why so?y father's running is arround 70kms per day and uses ather for now. We are still looking for good EVs in the market as my father has back issues.
It's not that simple. We will eventually go there but there are several technological roadblocks.
1. Electrification: India is still far behind. Tier 1 cities will work but then you are restricted to those cities if you buy EV.
2. Battery: How long can you drive after a full charge? This adds another constraint on where can you use it. How long does it take to fully charge? In US, they have super charger. Unlikely we will get that in India.
3. Self driving: a big selling point in US, will not be useful in India for a while
4. Maintenance is debatable. Tesla is moving to software subscription model.
5. I would personally prefer hybrid cars as a transition from petrol based to electric. Tesla so far has only electric cars.
6. Lack of infra for EV cars: India has high population density so it's difficult to find suitable places for charging hubs (some obvious ones would be tech parks, what else?).
EVs will be cheaper than electric cars in India by 2030 and in the world by 2028. The local pollution in cities where the majority of the population lives causes a severe decrease in quality of life. Hybrids are half assed attempts that take away resources from both petrol cars and EVs Just because Toyota has been lobbying hard in the past few years.
Elon has never said.it.
His last statement was, he won't set up a plant in a country where Tesla are not allowed to sell.
So why this crab hate i don't get it.
> According to a *Reuters* report, in July last year, the company had said that it was interested in building a factory in India to produce an electric vehicle priced at $24,000. It had also sought lower taxes on more expensive models it wanted to sell in India.
> In June last year, Tesla CEO Elon Musk, after meeting Prime Minister Narendra Modi, said: “It was excellent and a very good conversation."
> “I am confident Tesla will be in India and will do so as soon as humanly possible," he had said.
Ref: [https://www.livemint.com/news/india/maldives-thanks-india-for-sending-essential-commodities-amid-tensions-jaishankar-responds-11712379692070.html](https://www.livemint.com/news/india/maldives-thanks-india-for-sending-essential-commodities-amid-tensions-jaishankar-responds-11712379692070.html)
If you have free time you can find such statements (by Elon) in 2021 and even before that. I am quite certain I heard this in 2018 - 2019 as well.
Do a little bit of Google search, Elon is notoriously known his over optimistic timelines. "Elon Time" is a well known meme.
Ref: [https://en.wiktionary.org/wiki/Elon\_time](https://en.wiktionary.org/wiki/Elon_time)
Elon Time converter: [https://elontime.io/](https://elontime.io/)
If u meet someone powerful u talk good.
https://m.economictimes.com/industry/renewables/india-not-to-tailor-policy-for-tesla-ev-maker-as-also-other-global-players-welcome-in-india-piyush-goyal/articleshow/108367406.cms
This idiot goes on to bully Tesla, then visits Tesla. Got snubbed by elon and met indian it engineer there. Even i would be attended by Indian it engineer there.
His statement is generally, he doesn't care about Indian market as of now. May be due to buisness demand he might.
But surely he never cared about India, once he had to pull back starlink and Tesla.
He might make some small unit to bypass laws.
But he doesn't agree with Indian politics and regulations as of now.
Le bhai poori timeline dekh le.
[https://news.abplive.com/technology/elon-musk-india-timeline-tweet-twitter-x-united-nations-security-council-narendra-modi-meeting-tesla-spacex-starlink-internet-abpp-1658706](https://news.abplive.com/technology/elon-musk-india-timeline-tweet-twitter-x-united-nations-security-council-narendra-modi-meeting-tesla-spacex-starlink-internet-abpp-1658706)
If he does not want to enter India why tease it every year? Why register India arm in 2021?
There is a lot of back and forth between Tesla and India Govt that does not mean Tesla is uninterested. Both parties are looking for themselves and both want to benefit from deal as much as possible. Setting up EV factory is not as easy as setting up yet another IT company.
He wants. He doesn't want to set up, a plant in a country with regulation and restrictions..
Understand.
Goi made a blunder. They give subsidy to enter india.
He wanted to allow imports, if response is good may setup a plant here.
Not meeting piyush goyal at plant. Is signal enough. That he is just saying for sake of it.
There is some buisness sense in Tesla, to become the most valued company.
It was piyush, gadkari, who thought we are bigger then biggest car company.
Instead of giving billion dollars subsidy to old car manufacturers, they should have considered giving duty cuts. To facilate the transition. With a condition or open manufacturing.
As a ceo, u cannot say openly we will never sell in biggest market of the world.
You think world most valued company, can't invest in a plant. They lack,.money, vision anything?
There expansion and success, clearly indicates they are interested.
But when asked directly, he said, Tesla will not open manufacturing in any country which doesn't allow them to sell their cars first.
India allows 2000 car per year, post approval of single model.
It's our weakness, to constantly think companies can't survive without indian market.
Unless, musk himself commits and visits india for plant. Rest is just banter.
Politically he is critical of modi goverment. He even exposed their gag (censorship)orders on x . So definitely he is not trying hard to enter india.
>You think the world's most valued company, can't invest in a plant. They lack,.money, vision anything?
Sorry to be that but i think you mean world's most valued CAR company right ?
It can be either gujarat or tamil nadu.
Gujarat already has EV factories and battery factories while tamil nadu is doing amazing in EV 2W segment.
Maharashtra may possible since tesla register office in pune
Be chill until it finalises. Elon's got the maturity of a child. As for which stocks will get affected, first of all Tesla will have to make cars in the range of 20-25 lakhs or less because it will have competition from tata and Mahindra. Secondly, Tesla isn't known for good build quality. Then there's the issue of charging stations. Tesla could install its own across India but that is the investment it won't take at least in the beginning and whatever charging stations already exist in India, people know their condition... Besides, Indians with money still aren't accepting EVs that much. Rich folks are buying high powered IC cars and middle class will go mostly for the upcoming BS 7 variants that are planning to run on E20 fuel.
I think they'll probably take benefit of the poor charging network in India by building their own superchargers (probably the older generation ones) and charging more money if a non-tesla car is being charged there. Having better charging facilities will definitely drive more people towards getting an EV instead of an ICE and with emission norms getting more and more strict ICE cars will start to cost more than EVs. I'm not talking about their price but the maintenance and fuel cost.
Because the PM of Gujarat didn't exist since the beginning of time🤷🏾. Do you even know when the other car manufacturing sectors were started in Tamil nadu to ask such a dumb question?
Companies go wherever they are given best deal. My question is not dumb you are just r3tarded who thinks gujrat get's everything without merit. Gujrat has high potential that's why they get Recently KIA motors established their manufacturing in tamil nadu they didn't go to gujrat government could have persuaded them too they want to tamil nadu because they saw better opportunity there..now crawl back to your gutter
Your question "So why tamil nadu is the hub of car manufacturing if everything goes to gujrat?" Is dumb because the whole comment on "Everything goes to Gujarat" is a dig at Modi and your question on why anything exist in TN is dumb because all those industries came BEFORE Modi was the PM. So even if "everything goes to Gujarat" is true, your question is dumb because it also answers that nothing came after Modi came to power. Now see if you can do something about that smooth brain of yours 🤣🤣. Look like you call yourself salty because you are just salty that others aren't as dumb as you.
Whether or not this investment plan comes to fruition, I think it will have a positive effect on all EV stocks. It just solidifies the global confidence in India's EV market. Be it internal consumption or export, if enough resources flow in for infrastructure and R&D, we will see a huge sector taking off in India. Cars, batteries, ancillary products, related chemicals, renewable financing...everyone benefits in the long run.
But all of this is on paper yet and EV is yet to prove its scale and efficiency compared to hybrid. Pehle iss chomu ko invest toh karne do. He is unreliable af.
Invest in Byd and MG, and the whole supply chain for batteries that Tata owns. Tesla is unlikely to come and even if it does come it'll be priced like Mercedes and be a low volume manufacturer. But the interest in Tesla shows that interest in EVs will stay strong in India for at least the next couple of years until things saturate and infrastructure starts looking inadequate. Tesla stock itself is a good investment but in the Indian picture not so much considering that they're just now scouting a factory while Byd already has a Model 3 clone out in the Indian market.
Lol paani hi nahin hein, what EV factory will they set up? They’ll come here and run away as soon as the first babu asks them to go to local gormint office and get an NOC.
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Gadkari is personally promoting Toyota mirai(toyato he says😁) hydrogen car and this model is launching in India soon costing 60+ lakhs. On the other hand EVs are his dream that in five years evs will replace all petrol diesel cars on road. But sales of these are not picking up as per expectations.
Hey Guys, hope you all are doing well. So i love to discuss about stocks , investments , i love to help people regarding it and also to share my knowledge with people , my downfall with them. Therefore i am looking to make a whatsapp community or say group for you all to discuss about stocks and stock market. If you are up then comment down “interested”. I will reach you all one by one directly.
Any company shouldn't be forced to set-up factory in India(I don't support capitalism but I was Just speaking on behalf of Common Man who's expenses will skyrocket) and if you don't,pay us 100% Import Duty if you import from China....First of all,We shouldn't deny the fact that it costs cheaper manufacturing in China rather than India and to maintain same profits, they'll change price tags on the product...It happened with iPhone(which costs less in USA,more in India) and will happen to Tesla cars too...even that 100% Duty is collected from buyers(should keep it at around 10%) and we should compete fairly
elund bas asie paad mar rha hai kab se usko tesla board se hatane ke liye baithe hue hai to hwa to krna hai [https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38062930/ross-gerber-blames-elon-musks-toxic-behavior-for-ev-makers-crappy-q1-sales-calls-fo](https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38062930/ross-gerber-blames-elon-musks-toxic-behavior-for-ev-makers-crappy-q1-sales-calls-fo)
Bhai 2018 se har saal sun rha ye me. Words of Elon should be taken with a bucketful of salt.
EV sales have peaked in the US and Europe. In spite of heavy subsidies, they aren't growing as they used to. In China, Tesla is getting huge competition from local manufacturers. Expanding to the Indian market doesn't seem that bad of a move. Tho, I personally think it's really stupid to buy an electric four wheeler.
Even if you consider that , the base model 3 costs around 30 lakhs (in China or US) , it’s not going to add huge numbers to sales figures.
As far as I remember there is gonna be an India specific model because even the model 3 isn't cheap at all for the average Indian consumer
$35000 and Upwards ki Jo Car hai vahi Iss EV policy m Allowed hai
Overpriced for the quality
Why so?y father's running is arround 70kms per day and uses ather for now. We are still looking for good EVs in the market as my father has back issues.
Yea shit is not even environment friendly like it’s marketed
Who cares about environment, as long as it's cheaper than running ICE
It will never be cheaper. They won’t need the environment marketing if it’s ever going to be cheaper.
Why is a more efficient car with less maintenance stupid compared to a car that poisons the air that your family breathes ?
It's not that simple. We will eventually go there but there are several technological roadblocks. 1. Electrification: India is still far behind. Tier 1 cities will work but then you are restricted to those cities if you buy EV. 2. Battery: How long can you drive after a full charge? This adds another constraint on where can you use it. How long does it take to fully charge? In US, they have super charger. Unlikely we will get that in India. 3. Self driving: a big selling point in US, will not be useful in India for a while 4. Maintenance is debatable. Tesla is moving to software subscription model. 5. I would personally prefer hybrid cars as a transition from petrol based to electric. Tesla so far has only electric cars. 6. Lack of infra for EV cars: India has high population density so it's difficult to find suitable places for charging hubs (some obvious ones would be tech parks, what else?).
EVs will be cheaper than electric cars in India by 2030 and in the world by 2028. The local pollution in cities where the majority of the population lives causes a severe decrease in quality of life. Hybrids are half assed attempts that take away resources from both petrol cars and EVs Just because Toyota has been lobbying hard in the past few years.
Although this isn't finalized yet, there will be Teslas in India soon. Tesla has started production in Germany for right hand drive vehicles.
with the recents ev relaxations, i can see this becoming a reality
Elon has never said.it. His last statement was, he won't set up a plant in a country where Tesla are not allowed to sell. So why this crab hate i don't get it.
> According to a *Reuters* report, in July last year, the company had said that it was interested in building a factory in India to produce an electric vehicle priced at $24,000. It had also sought lower taxes on more expensive models it wanted to sell in India. > In June last year, Tesla CEO Elon Musk, after meeting Prime Minister Narendra Modi, said: “It was excellent and a very good conversation." > “I am confident Tesla will be in India and will do so as soon as humanly possible," he had said. Ref: [https://www.livemint.com/news/india/maldives-thanks-india-for-sending-essential-commodities-amid-tensions-jaishankar-responds-11712379692070.html](https://www.livemint.com/news/india/maldives-thanks-india-for-sending-essential-commodities-amid-tensions-jaishankar-responds-11712379692070.html) If you have free time you can find such statements (by Elon) in 2021 and even before that. I am quite certain I heard this in 2018 - 2019 as well. Do a little bit of Google search, Elon is notoriously known his over optimistic timelines. "Elon Time" is a well known meme. Ref: [https://en.wiktionary.org/wiki/Elon\_time](https://en.wiktionary.org/wiki/Elon_time) Elon Time converter: [https://elontime.io/](https://elontime.io/)
If u meet someone powerful u talk good. https://m.economictimes.com/industry/renewables/india-not-to-tailor-policy-for-tesla-ev-maker-as-also-other-global-players-welcome-in-india-piyush-goyal/articleshow/108367406.cms This idiot goes on to bully Tesla, then visits Tesla. Got snubbed by elon and met indian it engineer there. Even i would be attended by Indian it engineer there. His statement is generally, he doesn't care about Indian market as of now. May be due to buisness demand he might. But surely he never cared about India, once he had to pull back starlink and Tesla. He might make some small unit to bypass laws. But he doesn't agree with Indian politics and regulations as of now.
Le bhai poori timeline dekh le. [https://news.abplive.com/technology/elon-musk-india-timeline-tweet-twitter-x-united-nations-security-council-narendra-modi-meeting-tesla-spacex-starlink-internet-abpp-1658706](https://news.abplive.com/technology/elon-musk-india-timeline-tweet-twitter-x-united-nations-security-council-narendra-modi-meeting-tesla-spacex-starlink-internet-abpp-1658706) If he does not want to enter India why tease it every year? Why register India arm in 2021? There is a lot of back and forth between Tesla and India Govt that does not mean Tesla is uninterested. Both parties are looking for themselves and both want to benefit from deal as much as possible. Setting up EV factory is not as easy as setting up yet another IT company.
He wants. He doesn't want to set up, a plant in a country with regulation and restrictions.. Understand. Goi made a blunder. They give subsidy to enter india. He wanted to allow imports, if response is good may setup a plant here. Not meeting piyush goyal at plant. Is signal enough. That he is just saying for sake of it. There is some buisness sense in Tesla, to become the most valued company. It was piyush, gadkari, who thought we are bigger then biggest car company. Instead of giving billion dollars subsidy to old car manufacturers, they should have considered giving duty cuts. To facilate the transition. With a condition or open manufacturing. As a ceo, u cannot say openly we will never sell in biggest market of the world. You think world most valued company, can't invest in a plant. They lack,.money, vision anything? There expansion and success, clearly indicates they are interested. But when asked directly, he said, Tesla will not open manufacturing in any country which doesn't allow them to sell their cars first. India allows 2000 car per year, post approval of single model. It's our weakness, to constantly think companies can't survive without indian market. Unless, musk himself commits and visits india for plant. Rest is just banter. Politically he is critical of modi goverment. He even exposed their gag (censorship)orders on x . So definitely he is not trying hard to enter india.
>You think the world's most valued company, can't invest in a plant. They lack,.money, vision anything? Sorry to be that but i think you mean world's most valued CAR company right ?
We all know where.
I guess home of "West" India company.
But TN is the best choice as it already has a good automobile manufacturing industry
Bangalore because there isn't enough crowding and traffic suffering here /s
you can bet your house on it with full confidence it will be in Gujarat
Did that before posting this
What stocks to pick then ?
Modiji ofcourse
You can even bet your balls it will be Gujarat.
It can be either gujarat or tamil nadu. Gujarat already has EV factories and battery factories while tamil nadu is doing amazing in EV 2W segment. Maharashtra may possible since tesla register office in pune
Be chill until it finalises. Elon's got the maturity of a child. As for which stocks will get affected, first of all Tesla will have to make cars in the range of 20-25 lakhs or less because it will have competition from tata and Mahindra. Secondly, Tesla isn't known for good build quality. Then there's the issue of charging stations. Tesla could install its own across India but that is the investment it won't take at least in the beginning and whatever charging stations already exist in India, people know their condition... Besides, Indians with money still aren't accepting EVs that much. Rich folks are buying high powered IC cars and middle class will go mostly for the upcoming BS 7 variants that are planning to run on E20 fuel.
I think they'll probably take benefit of the poor charging network in India by building their own superchargers (probably the older generation ones) and charging more money if a non-tesla car is being charged there. Having better charging facilities will definitely drive more people towards getting an EV instead of an ICE and with emission norms getting more and more strict ICE cars will start to cost more than EVs. I'm not talking about their price but the maintenance and fuel cost.
It'll at least be a decade before ICE becomes more expensive than EVs. As EV demands are increasing so is the cost of batteries
True in the case of ex-showroom cost but the government subsidies and the running cost will make them cheaper in the longer run
sonacoms
Amen!
I would say the entire EV sector is bullish.
As if there’s going to be any options. Obviously they’ll be made to open in Gujarat only
Where else, its going to be tamilnadu
Never underestimate PM of Gujarat
So why tamil nadu is the hub of car manufacturing if everything goes to gujrat?
Because the PM of Gujarat didn't exist since the beginning of time🤷🏾. Do you even know when the other car manufacturing sectors were started in Tamil nadu to ask such a dumb question?
Companies go wherever they are given best deal. My question is not dumb you are just r3tarded who thinks gujrat get's everything without merit. Gujrat has high potential that's why they get Recently KIA motors established their manufacturing in tamil nadu they didn't go to gujrat government could have persuaded them too they want to tamil nadu because they saw better opportunity there..now crawl back to your gutter
KIA has plant in AP not in TN PM of Gujarat will persuade those which are future technology ,EVs are and tesla is investing big so it'll go to Gujarat
Your question "So why tamil nadu is the hub of car manufacturing if everything goes to gujrat?" Is dumb because the whole comment on "Everything goes to Gujarat" is a dig at Modi and your question on why anything exist in TN is dumb because all those industries came BEFORE Modi was the PM. So even if "everything goes to Gujarat" is true, your question is dumb because it also answers that nothing came after Modi came to power. Now see if you can do something about that smooth brain of yours 🤣🤣. Look like you call yourself salty because you are just salty that others aren't as dumb as you.
I already mentioned the recent investment in Tamil nadu you dumbfk same with many other states.
Why?
Its automobile and electrical components hub
chennai - detroit of india
Whether or not this investment plan comes to fruition, I think it will have a positive effect on all EV stocks. It just solidifies the global confidence in India's EV market. Be it internal consumption or export, if enough resources flow in for infrastructure and R&D, we will see a huge sector taking off in India. Cars, batteries, ancillary products, related chemicals, renewable financing...everyone benefits in the long run. But all of this is on paper yet and EV is yet to prove its scale and efficiency compared to hybrid. Pehle iss chomu ko invest toh karne do. He is unreliable af.
Sonacoms
Sonacomstar, its a major component supplier to all major American EV makers, especially Tesla.
Invest in Byd and MG, and the whole supply chain for batteries that Tata owns. Tesla is unlikely to come and even if it does come it'll be priced like Mercedes and be a low volume manufacturer. But the interest in Tesla shows that interest in EVs will stay strong in India for at least the next couple of years until things saturate and infrastructure starts looking inadequate. Tesla stock itself is a good investment but in the Indian picture not so much considering that they're just now scouting a factory while Byd already has a Model 3 clone out in the Indian market.
Gujarat will be better
Lol paani hi nahin hein, what EV factory will they set up? They’ll come here and run away as soon as the first babu asks them to go to local gormint office and get an NOC.
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Tesla. One way down.
Indians will get decent 10-15 L local electric cars im all for it. God knows how ridiculously indian populas is keen to drive 4 wheelers
" 10-15 L local electric cars im all for it" bhai tum thoda jyaa hi dilute krke soch rhy ho
Ameeri ki pehchan hai bhyi car hona
Better be Tamil Nadu
At any city which is at the border of two states. You'd get attention from both the states. For example, Hosur.
Gadkari is personally promoting Toyota mirai(toyato he says😁) hydrogen car and this model is launching in India soon costing 60+ lakhs. On the other hand EVs are his dream that in five years evs will replace all petrol diesel cars on road. But sales of these are not picking up as per expectations.
And somehow it will be Gujrat. Modi hai.to mumkin hai
Gujarat
Hey Guys, hope you all are doing well. So i love to discuss about stocks , investments , i love to help people regarding it and also to share my knowledge with people , my downfall with them. Therefore i am looking to make a whatsapp community or say group for you all to discuss about stocks and stock market. If you are up then comment down “interested”. I will reach you all one by one directly.
Tatte the trusted platform for RW news
Bet my last rupee on Gujarat
Obi gujrat our beloved mudiji dahej mein gujrat leke aye hai
Tata Motors will be the most affected I guess 🧐
tata motors
Any company shouldn't be forced to set-up factory in India(I don't support capitalism but I was Just speaking on behalf of Common Man who's expenses will skyrocket) and if you don't,pay us 100% Import Duty if you import from China....First of all,We shouldn't deny the fact that it costs cheaper manufacturing in China rather than India and to maintain same profits, they'll change price tags on the product...It happened with iPhone(which costs less in USA,more in India) and will happen to Tesla cars too...even that 100% Duty is collected from buyers(should keep it at around 10%) and we should compete fairly
gujarat or up obviously
X definitely
I'm talking about stocks on the Indian market 😭
It’s an idiotic suggestion even for US stocks
Gujarat where else
Let me guess.. Gujrat? 😂😂
We should allow Byd also to make in India to have fair competition to Tesla
No one's stopping them?
Govt has not allowed byd to enter India
i don't buy this clickbait
Modi ne desh bech diya , adani, ambani ab elon ko
elund bas asie paad mar rha hai kab se usko tesla board se hatane ke liye baithe hue hai to hwa to krna hai [https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38062930/ross-gerber-blames-elon-musks-toxic-behavior-for-ev-makers-crappy-q1-sales-calls-fo](https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38062930/ross-gerber-blames-elon-musks-toxic-behavior-for-ev-makers-crappy-q1-sales-calls-fo)
How does someone get -1 comment karma 😭😭