Tesla Inc. has begun recruiting for leadership and senior level roles in India, according to a person familiar with the matter, as it gears up to break into one the world’s biggest emerging car markets. A Tesla fan club tweeted last week the company had brought on board a senior legal counsel. Chief Executive Officer Elon Musk all but confirmed Tesla would enter India in January after months of speculation. Tesla set up its first factory outside of the U.S. in Shanghai and now dominates sales of premium EVs in China. EVs account for about 6% of China’s annual car sales, according to BloombergNEF, compared to less than 1% in India.

Source: Mint June 03, 2021 01:07 UTC