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Tesla Inc (NASDAQ:TSLA) has opened 13 positions in Mumbai, signaling a potential entry into the Indian market. Job listings on LinkedIn include roles such as sales advisors, operations managers, technicians, and customer support staff.
This hiring surge follows a recent meeting between Tesla CEO Elon Musk and Indian Prime Minister Narendra Modi in Washington. While it is unclear if Tesla’s India plans were discussed, the move indicates growing interest in the country.
Reuters reported in December that Tesla aimed to open a showroom in New Delhi. However, Musk had previously canceled his April 2024 visit to India and scrapped plans for a multi-billion-dollar manufacturing plant.
If Tesla imports vehicles, it faces steep import duties of up to 100%. However, Prime Minister Modi may reduce tariffs on U.S. goods to maintain favorable trade relations with the Donald Trump administration, which has threatened reciprocal tariffs.
Tesla's push into India comes as it grapples with declining sales in Europe, North America, and China due to increased competition, weak demand, and brand challenges linked to Musk. Entering India’s growing EV market could offer new growth opportunities but also presents competition from established players like Mahindra & Mahindra Ltd. (NSE:MAHM) and Tata Motors Ltd. (NSE:TAMO), as well as Chinese EV giant BYD Co Ltd. (SZ:002594, HK:1211).
Tesla’s expansion into India highlights its strategic shift towards emerging markets amidst global sales challenges, aiming to leverage India’s potential while navigating regulatory and competitive hurdles.
