What is the current state of India's electric vehicle market compared to global leaders?

Despite showing rapid growth, India's electric vehicle market remains relatively small on the global stage. In 2023, India recorded approximately 100,000 electric car sales, which represents just a fraction of China's impressive 11 million units sold in the same period. Tesla had previously hesitated to enter the Indian market due to high import duties. However, recent policy changes have created a more favorable environment for the electric vehicle manufacturer, prompting Tesla to reconsider its position and begin establishing a presence in key Indian cities.