Speculation rises post PM Modi’s meeting with Elon Musk.Tesla accelerating plans, but impact remains debated.
Nomura’s View: EV Adoption to Surge
India’s evolving EV policy to attract Tesla & global players.Boost for charging infra & suppliers like Sona Comstar, Sansera, Motherson Sumi.Doubtful about a ₹21L Tesla model.
CLSA’s Take No Major Disruption
Tesla may not hurt Maruti, Hyundai, or Tata Motors.Would drive premiumization, not mass disruption.Local manufacturing key for competitive pricing.
Impact on Auto Sector
Tesla’s presence could benefit Indian auto parts suppliers.Tata Motors, Maruti, and M&M stocks react mildly.Nifty Auto Index down 17% in 6 months