Tesla's entry will boost India EV market, competition not a concern: BMW

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Tesla's entry will boost India EV market, competition not a concern: BMW - Business Standard

Quick Summary:

BMW Group India is unfazed by the prospect of Tesla entering the electric vehicle market here and feels it will help grow the segment, according to its Managing Director and CEO Vikram Pawah.

The group, which sold a total of 1,249 units of electric cars in India across two brands -- BMW and MINI -- has already sold 646 units in the first quarter of 2025 and is keeping its forecast of 15 per cent of its total sales in India coming from EVs, Pawah told PTI in an interview.

Anytime there's more competition, we've seen that the market grows," he said when asked how BMW is looking at how the EV market will shape up with Tesla entering India.