Elon Musk aims for Tesla’s EV entry in India. When Elon Musk visits India, he’ll likely talk about putting money into the country’s electric vehicle sector. Tesla is working hard to get into the Indian market. Many sectors in the Indian stock market are expected to be affected by Tesla’s entry, and they are likely to see good growth in the future. Let’s discuss this briefly.

Why Tesla comes to India ?

Tesla trying hard to come in India. Elon musk was appoint meeting with Indian PM (Narendra Modi) in India. The main reason of Elon musk to come in India revolves around Tesla, a futuristic electric vehicle (EV) company. He want to enter in Indian market and manufacture Tesla cars here and sell their car to Indians. As you know Tesla is an USA company so that Musk’s strategy involves establishing manufacturing facilities in India and investing in the Indian market. This move stands to benefit Musk significantly and promises advantages for the Indian market as well.

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How Tesla can affect Indian Stock market ?

If Tesla comes to India then, it affect indian stock market positively or negatively too. Let me tell you in brief.

Tesla is a leading electric vehicle company renowned for producing cutting-edge cars designed for the future. This helps to improve the Indian environment or the Indian economy. India hosts many companies that capable of supplying bulk EV car parts, such as batteries, wires, copper, chemicals, and other auto components/parts. So if Indian government allow Elon Musk to come to India for his EV car (Tesla) manufacturing and selling, then this is more beneficial for Indian people those are unemployed right now. It will increase job vacancies in the EV sector, and India will create jobs, experience faster economic growth, and bolster the domestic manufacturing ecosystem.

In simple words, when Tesla arrive in India and start manufacturing it would create more jobs in the EV sector and other automotive parts companies. This plan is totally futuristic and best for India too. Elon musk get more profit but india will also get more profit.

Which Stocks will benefit from Tesla in India ?

There are so many stocks are in India that will be beneficial after Tesla comes in India.

You understood that Tesla is totally EV sector company so now those all sectors that are part of making EV cars are going to be beneficial for Indian market/stock market. Such as EV manufacturer parts like battery, chemical, wires, copper and other automobile components and parts. All the companies that are working on EV company supply chain, all these sectors or companies will get benefit.

Let’s talk about sectors and stocks-

Chemical Sector Stocks:

Chemical sectors are part of EV cars or bikes or scooters. The main reason chemicals are needed in Battery, battery can’t provide power without chemical so chemicals stocks are beneficial for future.

Stocks:

Note: The data is as of April 2024. Check current price or data for more clarification.

Battery sector Stocks:

Batteries are the biggest part of EV companies. Electric Vehicle can’t run on road without a battery so battery is the biggest part of EV companies. The main work of battery is to converts electrical energy from the battery into mechanical energy.

Stocks:

Note: The data is as of April 2024. Check current price or data for more clarification.

Copper Stocks:

The copper is used to conduct electricity. Compare to petrol or diesel cars, electric car use 4x copper in one car.

Stocks:

Note: The data is as of April 2024. Check current price or data for more clarification.

Proxy companies Stocks:

Note: The data is as of April 2024. Check current price or data for more clarification.

Here are some more beneficial stocks for EV sectors:

Here we suggest you some more highly recommended or beneficial stocks that will be highly recommended in EV sectors. These sectors supply parts or other products to big companies. These companies work with big companies.

Stocks:

Note: The data is as of April 2024. Check current price or data for more clarification.

(Conclusion: All of these stocks are highly recommended for the EV sector after Tesla comes to India. Make sure, before investing in these stocks, you check the prices and do your analysis. This is just for knowledge. I do not personally recommend that you invest in these stocks. Do your personal research and analysis, then invest your money in any kind of stock..)