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Tesla's India entry may not disrupt PV market in near term
The New Indian Express Villupuram
|July 17, 2025
Tesla's entry into the Indian market is unlikely to disrupt the existing electric passenger vehicle (PV) segment in the near term, but the US automaker has strong potential to emerge as a key player in the coming years.
"While the premium EV segment remains niche, it is growing rapidly, driven by India's rising millionaire population and their appetite for high-tech vehicles," said Puneet Gupta, director of India & ASEAN auto market at S&P Global Mobility.
Industry data shows luxury EV sales surged 66% year-on-year between January and May 2025. These vehicles account for 11% of total luxury car sales, up from 7% in the same period last year.
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The New Indian Express Villupuram
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Nitin Nabin named BJP's new national working president
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State govt trains 30,000 construction workers in 2 months under skill drive
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Cong charge on EC an attempt to safeguard infiltrators, says BJP
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J'khand's civic polls on paper ballot, as no EVMs come from neighbours
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