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Tesla shares have dropped during an otherwise banner stretch for technology heavyweights.

A comprehensive policy on the components for Electric Vehicles (EV), inclusion of commercial vehicles for incentives, clarity on the Goods and Services Tax (GST) on spare parts and consistency on the policy front, are the expectations of industry players from the forthcoming Interim Budget for transition from petrol/diesel vehicles to EVs.

Homegrown EV and EV component makers such as Switch Mobility, EKA Mobility, GreenCell and ARENQ are anticipating the talent to reach as high as 200%. This is leading companies such as Tata Motors, the countrys largest EV maker, to tap entry-level talent from technical colleges and lateral talent from automotive and related industries.

Demand for skilled electric vehicle (EV) talent in India is expected to reach an all-time high in 2024 as EV manufacturers strive to meet the increasing demand for green mobility solutions. Homegrown EV and EV component makers are anticipating talent demand to surge, with some expecting up to a 200% increase.

The breakout has opened room for the stock to head towards 1700 levels in the next 2-3 months, suggest experts.