Tesla Begins Producing Right-Hand Drive Cars In Germany For Export To India; Expected To Begin Export Of EVs From Germany To India Later This Year
Portfolio Pulse from Benzinga Newsdesk
Tesla has started the production of right-hand drive vehicles at its German facility, targeting exports to India. The company plans to begin exporting electric vehicles (EVs) from Germany to India later this year, according to Reuters.
April 04, 2024 | 12:55 pm
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POSITIVE IMPACT
Tesla's initiation of right-hand drive vehicle production in Germany for the Indian market could significantly boost its global sales and presence in the growing Indian EV market.
Entering the Indian market with locally adapted vehicles could open up a significant new revenue stream for Tesla, considering India's large population and growing interest in EVs. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term uptick in TSLA's stock price.
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