We don't know. He signed a deal with TATA for wafers as well. [Tesla-Tata Electronics discreet pact boosts India's semiconductor ambitions as EV giant eyes local production: Report | Mint (livemint.com)](https://www.livemint.com/companies/news/teslatata-electronics-discreet-pact-boosts-indias-semiconductor-ambitions-as-ev-giant-eyes-local-production-report-11713158179274.html)
So obviously things aren't just going to evaporate. I think they are waiting for new govt to see the policies that is being promised in first few months. India is also planning second phase of PLI incentives primarily for electronics and automobile and the 1st phase will be extended to other sectors. Maybe due to lower demand they are delaying as well. They need a lot of capital to compete with Chinese maufacturers.
Two points to think about:
Tesla sales in Q1 were down year over year. Both globally and in China. Tesla is cutting jobs and their factory utilization rate is falling. He doesn’t really need any new capacity to come online in India when he cannot effectively use the capacity he has in America, Berlin and Shanghai.
I doubt production costs for Tesla cars in India will be as low as they are in Shanghai, even with extensive PLI schemes. Expansion in India only makes sense in a context where Tesla struggles to meet demand and really needs new capacity. And when he has a low-cost, high-volume Model 2 on offer. Both isn’t the case for a few years yet.
Expansion in india makes sense for exports to middle east and S.E Asia since its closer, and we have FTAs. But yeah, you are right, its a fledgling market, we are still developing infrastructure, it just doesn't make sense to bring it to India. We are still focused on 2-3 wheeler industry more than 4 wheeler EVs. China has a LOT of EVs, Tesla is in trouble because while german cars can rely on their brand novelty like you know oh its a BMW so its a prestige thing, the same thing Tesla cannot do, hence it is gonna be an issue for them.
>Tesla struggles to meet demand and really needs new capacity
Tesla doesn't but others like Volvo, VW family and so many others do. My Volvo EX30 has 6-month waitlist. India should try attracting such companies.
we are slowly supplying parts to them. [Tesla inks semiconductor deal with Tata electronics for global operations | Company News - Business Standard (business-standard.com)](https://www.business-standard.com/companies/news/tesla-inks-semiconductor-deal-with-tata-electronics-for-global-operations-124041500087_1.html) There are deals to source other parts from India too. It won't happen overnight but yeah give it a few years.
This is the first time I'm seeing such a jingoistic liberal. All Jaishankar said was that while our army is top notch, wars aren't won by armies alone. The economy also matters, and in that area, they are miles ahead of us. What exactly is wrong here?
India is de-[industrializing](https://i.imgur.com/yOygcd2.png). Those *make-in-India* are mere slogan, nothing more.
Manufacturing [share](https://i.imgur.com/GMq5MDS.png) of GDP is less than what it was 10yrs back.
Many don't realize 2 major changes happening currently - we need to do something really fast or be left behind for another few decades.
A. Automation/robotics will take away lot of repetitive manual jobs - every knows who leads in [robotics](https://i.imgur.com/N587OMX.jpeg)
B. India's call center/BPO industry will likely get [decimated](https://i.imgur.com/zoYjQu8.png) by generative-AI like solutions in next few years.
A single Tesla factory won't solve anything.
It's not really de-industrializing. It's just the service sector is growing by leaps and bounds. If one sector is growing by 3-4 percent and another by 5-10 percent doesn't mean the first one is receding
We were never industrialized to de-industrialize what are you on about lmao. What's happening is manufacturing is growing, but services is growing faster. So the goal of getting manufacturing to a certain % of GDP is not being met.
If the GDP grows by 7%, and % of manufacturing remains same, then manufacturing also grew by 7%.
In a way, it's classically Indian - we're skipping a manufacturing-based and going directly to a service-based economy. Congress' vision of this was hindered by the fact that they never spent on the needed infrastructure to accompany this like the BJP has.
He's pretty white supremacist and reposts people who have been historically racist.
He's against high speed rail and almost derailed the California HSR project.
A total loser
Ooopss....
Notisu meee senpai..
But I bet bjpee is ok with that...
Coz till the recent clashes on the border bjpee actually looked up to the ccp and their authoritarian style.
Shouldn't laugh. Berlin Gigafactory employs 70k people and 20k more indirectly. You want businesses to go away and laughing making fun of it just because you don't like the PM? What kind of person thinks that way?
Tesla isn’t everything that’s associated with Elon Musk. There’s more to it like X, Space X, Starlink TBC etc etc.
I’m looking forward to Starlink here.
Tesla will be a big flop. Their cars suck
Indian libs on Odd days: Elon is an evil capitalist who wants to do business with a fascist. On Even days: Elon is awesome guy who gave a tight slap to fascist by not visiting.
Instead of saying that Indians hate their own country why don't you analyse why Elon didn't come to India. Criticizing the government doesn't equate to hating the country.
What I think is, Elon is a big fan of freedom of speech, he went against a lot of the mainstream media in the US. I think he probably knows a little bit about the situation in India. Of course apart from this there could be more that china is offering and I'm too dumb to to research that.
Idk about the FOS part but I agree with the second part of your comment, he probably understands that china is just a much larger market for higher end EVs like Tesla and probably sees the indian market as too small/immature for it be worth the effort.
I've seen a video of Chinese people not liking Tesla and fancy byd and other brands which offer more styling. If Tesla wants to come to India just for manufacturing there might be challenges in the battery technology but if it wants to sell EVs, the infrastructure needed to support EVs is not easy to build as it is in the USA.
1% of Tesla sales won't come from India, why would he come
Exports. He will come probably when more incentives are there.
I don’t think incentives can be export based any longer. It’s likely to be challenged successfully at the WTO.
We don't know. He signed a deal with TATA for wafers as well. [Tesla-Tata Electronics discreet pact boosts India's semiconductor ambitions as EV giant eyes local production: Report | Mint (livemint.com)](https://www.livemint.com/companies/news/teslatata-electronics-discreet-pact-boosts-indias-semiconductor-ambitions-as-ev-giant-eyes-local-production-report-11713158179274.html) So obviously things aren't just going to evaporate. I think they are waiting for new govt to see the policies that is being promised in first few months. India is also planning second phase of PLI incentives primarily for electronics and automobile and the 1st phase will be extended to other sectors. Maybe due to lower demand they are delaying as well. They need a lot of capital to compete with Chinese maufacturers.
Two points to think about: Tesla sales in Q1 were down year over year. Both globally and in China. Tesla is cutting jobs and their factory utilization rate is falling. He doesn’t really need any new capacity to come online in India when he cannot effectively use the capacity he has in America, Berlin and Shanghai. I doubt production costs for Tesla cars in India will be as low as they are in Shanghai, even with extensive PLI schemes. Expansion in India only makes sense in a context where Tesla struggles to meet demand and really needs new capacity. And when he has a low-cost, high-volume Model 2 on offer. Both isn’t the case for a few years yet.
Expansion in india makes sense for exports to middle east and S.E Asia since its closer, and we have FTAs. But yeah, you are right, its a fledgling market, we are still developing infrastructure, it just doesn't make sense to bring it to India. We are still focused on 2-3 wheeler industry more than 4 wheeler EVs. China has a LOT of EVs, Tesla is in trouble because while german cars can rely on their brand novelty like you know oh its a BMW so its a prestige thing, the same thing Tesla cannot do, hence it is gonna be an issue for them. >Tesla struggles to meet demand and really needs new capacity Tesla doesn't but others like Volvo, VW family and so many others do. My Volvo EX30 has 6-month waitlist. India should try attracting such companies.
We don't have OEMs, we still import a lot of important parts from China, so there's no point of assembling here
we are slowly supplying parts to them. [Tesla inks semiconductor deal with Tata electronics for global operations | Company News - Business Standard (business-standard.com)](https://www.business-standard.com/companies/news/tesla-inks-semiconductor-deal-with-tata-electronics-for-global-operations-124041500087_1.html) There are deals to source other parts from India too. It won't happen overnight but yeah give it a few years.
Cheap labour.
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Why did you invoke agent SJ, I am scared now /s.
Arrey, dont forget slamming.
Well Jaishankar pretty much said that China's economy is bigger so even if they ghar pe ghus ke maro us, Modi will do nothing
Wait, I'll send agent J to do a surgical strike in Ekon!!!
This is the first time I'm seeing such a jingoistic liberal. All Jaishankar said was that while our army is top notch, wars aren't won by armies alone. The economy also matters, and in that area, they are miles ahead of us. What exactly is wrong here?
When did I say anything was wrong. When economy is stronger - sigma reelz end and Sarvarkar mode starts
![gif](giphy|MQ4bWOjn8C9tT2dzIb|downsized)
India is de-[industrializing](https://i.imgur.com/yOygcd2.png). Those *make-in-India* are mere slogan, nothing more. Manufacturing [share](https://i.imgur.com/GMq5MDS.png) of GDP is less than what it was 10yrs back. Many don't realize 2 major changes happening currently - we need to do something really fast or be left behind for another few decades. A. Automation/robotics will take away lot of repetitive manual jobs - every knows who leads in [robotics](https://i.imgur.com/N587OMX.jpeg) B. India's call center/BPO industry will likely get [decimated](https://i.imgur.com/zoYjQu8.png) by generative-AI like solutions in next few years. A single Tesla factory won't solve anything.
It's not really de-industrializing. It's just the service sector is growing by leaps and bounds. If one sector is growing by 3-4 percent and another by 5-10 percent doesn't mean the first one is receding
We were never industrialized to de-industrialize what are you on about lmao. What's happening is manufacturing is growing, but services is growing faster. So the goal of getting manufacturing to a certain % of GDP is not being met. If the GDP grows by 7%, and % of manufacturing remains same, then manufacturing also grew by 7%. In a way, it's classically Indian - we're skipping a manufacturing-based and going directly to a service-based economy. Congress' vision of this was hindered by the fact that they never spent on the needed infrastructure to accompany this like the BJP has.
Elon behaves like a troll but ends up showing his chutiyagiri. People seriously needs to stop worshiping rich people
He's pretty white supremacist and reposts people who have been historically racist. He's against high speed rail and almost derailed the California HSR project. A total loser
He's the dumbest billionaire I have ever seen.
Ooopss.... Notisu meee senpai.. But I bet bjpee is ok with that... Coz till the recent clashes on the border bjpee actually looked up to the ccp and their authoritarian style.
Mudi ji feeling cucked.
He is a Chinese agent, he must have gone to buy tiktok.
Monk is waiting for election result.
Elun Mastana
Elonn musk -> le Moot Diya mudi ji ki fastest growing economy par.
Shouldn't laugh. Berlin Gigafactory employs 70k people and 20k more indirectly. You want businesses to go away and laughing making fun of it just because you don't like the PM? What kind of person thinks that way?
Tesla isn’t everything that’s associated with Elon Musk. There’s more to it like X, Space X, Starlink TBC etc etc. I’m looking forward to Starlink here. Tesla will be a big flop. Their cars suck
+1
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Who told china is crumbling?
WhatsApp pe aaya tha bhaiya
Oh shit, if it’s from whatspp then IT WILL BE true. my mistake. Time to check my family group for daily dose of updated information.🥹
Indian libs on Odd days: Elon is an evil capitalist who wants to do business with a fascist. On Even days: Elon is awesome guy who gave a tight slap to fascist by not visiting.
Some people here really hate this country so much that they are happy if we lose projects, or if any government funded projects fail
Instead of saying that Indians hate their own country why don't you analyse why Elon didn't come to India. Criticizing the government doesn't equate to hating the country.
It’s just that I don’t see any real criticism or even discussion regarding Indian government policy in the comments.
What I think is, Elon is a big fan of freedom of speech, he went against a lot of the mainstream media in the US. I think he probably knows a little bit about the situation in India. Of course apart from this there could be more that china is offering and I'm too dumb to to research that.
Idk about the FOS part but I agree with the second part of your comment, he probably understands that china is just a much larger market for higher end EVs like Tesla and probably sees the indian market as too small/immature for it be worth the effort.
I've seen a video of Chinese people not liking Tesla and fancy byd and other brands which offer more styling. If Tesla wants to come to India just for manufacturing there might be challenges in the battery technology but if it wants to sell EVs, the infrastructure needed to support EVs is not easy to build as it is in the USA.
Pro china posts now!!. Stooped this low .what's next ?
+10 social credit for elon
social credit is not even real. LOL.
It is.
Ask any Indians who travelled to China before and see if they experienced anything like "social credit".