Tesla is one of the major clients for Indian auto companies having presence globally Says Ashwin Patil, LKP Securities
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Below Quote On Impact of Tesla on the Indian Auto Sector 03rd July 2023 By Ashwin Patil, Senior Research Analyst at LKP Securities.
Tesla is one of the major clients for Indian auto companies having presence globally, particularly in North America. Tesla's sales and production growth seen in June is definitely positive for auto ancillaries in India as well which will enable higher business and order book for them. Entry of Tesla in India will have a negative impact on OEMs though since this shall bring in solid competition on the EV front. However, auto ancillaries should benefit out of this.
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