Tesla, which has recently come to the fore with the rapid decline in market value and layoff plans, is preparing for a 2-3 billion dollar investment in India.
While the number of vehicles delivered by Tesla in the first quarter of this year was 386 thousand 810, this figure was well below market expectations of around 450 thousand. In the same period last year, 422 thousand 875 vehicles were delivered.
Thus, the number of vehicles delivered by Tesla decreased by 8.5 percent for the first time since 2020.
Tesla wants to compensate for the blows it has received from falling sales and price cuts by laying off more than 10 percent of its global workforce. This means more than 13 thousand employees.
Tesla, which has recently come to the fore with the rapid decline in market value and layoff plans, will invest 2-3 billion dollars in India.
Elon Musk will meet with Indian Prime Minister Narendra Modi next Monday as part of his visit to India.
Musk will announce his plan to enter the Indian market, the world's third largest automobile market, where the electric vehicle industry is still in its infancy.
Currently, the small but growing electric vehicle market in India is controlled by local automaker Tata Motors.
In India, electric vehicles accounted for just 2 percent of total car sales in 2023, but the government aims for 30 percent of new cars to be electric vehicles from 2030.
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