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Tesla unlikely to disrupt Indian market as Mahindra leads growth
BNP Paribas analyst Kumar Rakesh asserts that Tesla poses no threat to Mahindra in India, citing high pricing and lack of local manufacturing as barriers. He predicts Mahindra will lead growth in the automotive sector by 2025-26, driven by successful model launches and a strong farm equipment business. Meanwhile, the two-wheeler market struggles with financing issues, impacting lending and growth.
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