Tesla Faces Bumpier Ride Breaking Into India After China Success


Source: bnnbloomberg.ca

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(Bloomberg) -- Elon Musk all but confirmed Tesla Inc. will enter India last week, sparking jubilation among fans, some of whom have had their electric cars on order for years. But it may prove the company’s hardest yet market to crack. The world’s richest man on Jan. 13 tweeted “as promised” in response to a report on a Tesla-focused blog that the automaker was in talks with several Indian states to open an office, showrooms, a research and development center -- and possibly a factory. “It’s really happening,” said Nikhil Chaudhary, a 20-year-old student at the University of Delhi who...