Tesla Suffers Big Jolt in India, Its Unit Head Resigns, Donald Trump, Elon Musk

Tesla, one of the large electric vehicle (EV) companies, is planned to start business in the country soon. However, Tesla has suffered a major setback before. The head of the company’s unit in India, Prashanth Menon has resigned. For the last four years, he was leading the work as the chairman of the company’s board in the country.

One of bloomberg Report In this, sources who have been aware of this have been quoted as saying that Menon has decided to leave the company for personal reasons. He had been working with Tesla of Billionaire Elon Musk for almost nine years. Sources said the company’s Chinese team will temporarily monitor the functioning of India. Tesla did not reply to the request sent for comment about this. Menon has refused to comment.

The world’s third largest automobile market is set to start Tesla’s business soon in India. Imported vehicles in the country have a tax of up to 110 percent. Earlier, Musk has been insisting on reducing this tax. Starlink, a company that provides satellite internet service of Musk, a associate of American President Donald Trump, has been allowed to start business in India this week.

Competition has increased in EV market for Tesla over the years. It is also affecting the company’s sales and profit. The company’s net profit decreased by 71 percent in the first quarter of this year. China’s byd sales have increased rapidly in the last few years in the International Market of EV. Last year, byd has surpassed Revenue Tesla from the sales of electric cars. The company’s first showroom in India may open at Brandra Kurla Complex (BKC) in Mumbai. Recently, the company has taken a space of about 4,000 square feet in BKC’s Maker Maxity Building. In the second half of this year, the company can start business in the country. Last month, Prime Minister Narendra Modi had a telephone conversation with Musk. The Musk then indicated that he could visit the country soon.