Tesla Or Indian Automakers? Gaurang Shah Picks Mahindra, TVS & Ashok Leyland

Gaurang Shah, Sr. VP, Geojit Financial Services dismisses concerns over Tesla’s entry into India, emphasizing confidence in domestic manufacturers. Highlighting the resilience of Indian automakers, Shah echoes Anand Mahindra’s stance, stating that foreign brands shouldn’t shake market confidence. He points to Tesla’s high pricing and past uncertainties as factors limiting its impact. Instead, he backs homegrown leaders—TVS Motors for two-wheelers, Mahindra & Mahindra for four-wheelers, and Ashok Leyland for commercial vehicles—stressing their strong track record, market credibility, and customer trust as key drivers for sustained growth.