Tesla’s niche electric pickup truck has been launched globally and is expected to be available 2025 onwards. While the US and Canada command 54% share of the global pickup truck market and initial reports indicate this new offering garnering close to 7% share in the first year,  how does it impact the Indian automotive market?

Well, this launch by Elon Musk-promoted company could actually prove beneficial for the Indian auto component market too. According to Commerce and Industry Minister Piyush Goyal, Tesla was looking to source components worth around $1.9 billion from India. This is almost double of what Tesla sourced the previous fiscal, FY23. The recent upward movement in three specific counters indicate  Varroc Engineering, (up 21.56% in last one month) Sandhar Technologies (up 30.69% in last one month) and Sona BLW Precision Forgings (up 1.30% in last one month) 

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