Tesla’s Asian rivals pull ahead in India’s nascent EV market
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The annual event this week, called Bharat Mobility Global Expo, will see country’s largest carmaker, Maruti Suzuki India Ltd., and VinFast debut their EVs, while China’s BYD and local heavyweights, Hyundai Motor India Ltd. and Tata Motors Ltd., will add to their existing offerings.
Tesla’s reluctance to enter India — it had registered a local unit more than four years ago — has given competitors a headstart in the country’s nascent but rapidly expanding EV market.
Maruti Suzuki — a late-entrant to India’s EV market that has so far been dominated by Tata Motors — will introduce e-Vitara at this show, an electric SUV jointly developed with Toyota Motor Corp. VinFast’s five-seater VF7 and bigger SUV VF9 are among other new models that will be previewed at the auto show.
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