Indian automaker Mahindra says competition from Tesla 'does not faze us'
"We've seen tremendous competition in India over the last 20 years. So Tesla or anyone else coming in does not faze us," he told CNBC's "Street Signs Asia" on Tuesday.Pradeep Gaur | Mint | Hindustan Times | Getty Imagesentering India's highly competitive electric vehicle market, its CEO and managing director Anish Shah told CNBC.
"We've seen tremendous competition in India over the last 20 years. So Tesla or anyone else coming in does not faze us," Shah said on ""At one point, Mahindra was written off when all the global majors were coming into India. Today, we continue to have the number one market share in SUVs from a revenue standpoint," he added.
discussing plans to enter the EV space in India, which is the world's third-largest auto market, according to Reuters.
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