"Indian Firms set to compete with Tesla with New EV Policy", says Amitabh Kant

Sharing his good faith about the future of the electric vehicle (EV) market in India, Amitabh Kant, India’s G20 Sherpa and previous President of NITI Aayog expressed, “I’ll be truly delighted if the new EV policy leads to many Indian companies, such as Tata and Mahindra, challenging Tesla in the market and even surpassing it both domestically and internationally.”

Kant said he trusts that by 2047, India will give practically 30 percent of the world’s talented labor. He accentuated the requirement for expanded rivalry among the states. Kant’s assertion comes only days before the profoundly expected Indian visit of Tesla President Elon Musk as the worldwide EV pioneer faces a slow down in its key business sectors, the US and China.

The Indian government is confident that Tesla’s speculation will assist with situating the country as a center for EV producing.

Kant additionally guided out the capability of Indian organizations toward global giants like Tesla.

He stated, “It’s quite possible. If BYD can take on Tesla, people don’t realise that BYD controls the EV market. These are companies that should all think globally. Once you start thinking global, you will penetrate global markets, but you will do a lot of good to the Indian consumers.”

Further he added, “The Indian consumer is going to benefit in a big way because there will be competition as far as electric vehicles are concerned. And competition will lead to better products and it’ll lead to prices coming down for electric vehicles. The good thing is that Tesla has opened up its IP for the charging stations and made it interoperable. Several other vehicles can also get charged on the Tesla charging stations”.