Elon Musk is finally bringing Tesla to India after years of delays, hiring for key roles amid declining global investor confidence. Tesla faces falling profits, shrinking sales, and tough competition from Chinese rivals like BYD.

The U.S. President does not support Tesla building cars in India, the world's third-largest car market. Foreign brands, however, only compete for about a third of overall demand—and total EV sales are vestigial, growing to just 100,000 vehicles last year.

A CLSA report has highlighted that with a reduced tariff rate of 15-20 per cent, Tesla price in India will be more expensive than its domestic competitors like Maruti Suzuki. The company will need to open a manufacturing unit in India to keep up with competition.

Tesla is planning to start selling these cars in three major India cities, including Mumbai, Delhi, and Bangalore around the third quarter of the year, the people, who asked not to be identified discussing private plans,

Following Tesla CEO Elon Musk’s recent meeting with Prime Minister Narendra Modi, Tesla has reportedly begun producing vehicles that it intends to import to the India market, while also scouting for potential locations to set-up a factory,