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Global EV Majors Set for India Face-Off Tomorrow
Business Standard
|July 14, 2025
This Tuesday, India's electric vehicle (EV) landscape is set to witness some big-ticket moves.
Three multinational EV majors—Tesla, VinFast, and Kia—will unveil their products, announce pricing, and open pre-bookings.
While American major Tesla will showcase its Model Y, Vietnamese rival VinFast will drive in the VF6 and VF7, and South Korea's Kia will offer its much-anticipated Carens Clavis EV.
The rising interest from global majors comes as EV penetration in the passenger car segment jumped to 4.4 per cent in June 2025, up from around 2.5 per cent year-on-year, driven by government subsidies, according to the Federation of Automobile Dealers Associations (FADA).
Elon Musk-led Tesla will open its first showroom or experience center in Mumbai on Tuesday. This comes amid advanced-stage talks between India and the US for a trade pact. Market speculation suggests that duties on auto imports to India could be cut, a move that may benefit Tesla, which plans to import completely built units (CBUs) from the US.
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