Fisker Joins Tesla, BYD In Battle For Slice Of India's EV Market Pie
Portfolio Pulse from Anan Ashraf
Fisker Inc plans to produce 100 all-electric SUVs for the Indian market, joining Tesla Inc and BYD Co in the race for a share of India's EV market. The Fisker Ocean Extreme Vigyan Edition SUVs will be delivered in India in Q4 2023. The price in India will align with that of Europe, implying a price tag of about 6.5 million Indian rupees excluding import taxes and logistics. Fisker also plans to start delivering SUVs in China by Q1 2024.
July 18, 2023 | 5:16 am
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POSITIVE IMPACT
BYD's potential $1 billion investment to build EVs in India could significantly boost its production capacity and global market share, potentially leading to a positive impact on its stock price.
BYD's potential $1 billion investment to build EVs in India could significantly boost its production capacity and global market share. This could lead to increased investor confidence and a potential rise in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Fisker's entry into the Indian market with its all-electric SUVs could boost its global market share and revenues, potentially leading to a positive impact on its stock price.
Fisker's entry into the Indian market, one of the largest automotive markets in the world, could significantly increase its global market share and revenues. This could lead to increased investor confidence and a potential rise in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla's potential investment in India, including a factory that could produce up to 500,000 electric vehicles a year, could significantly boost its production capacity and global market share, potentially leading to a positive impact on its stock price.
Tesla's potential investment in India, including a factory that could produce up to 500,000 electric vehicles a year, could significantly boost its production capacity and global market share. This could lead to increased investor confidence and a potential rise in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50