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Tesla points way for Japanese OEMs in Japan - analyst


Following the news that Tesla car demand picked up in Japan after aggressive price cut, an analyst has told just-auto that Japanese OEMs need to take note of Tesla s actions and rely less on hybrids.
Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, said the uptick in the domestic market for the mid-range electric sedan Tesla Model 3, the company s most affordable EV, is a result of significant price cut of 24% announced last month.
The development signifies the importance of pricing strategy for EV transition and customers affinity towards cheaper products, Bakar says.
Japan is a strong market for hybrid vehicles with sales soaring nearly a million per year. On the other side, battery electric vehicles (BEVs) sum up to volume of approximately 21,000 units of the total 5.2 million automotive market annually i.e., less than 1%, he notes. ....

Bakar Sadik Agwan , Sadik Agwan , Senior Automotive Consulting Analyst , Tesla Model , மூத்தவர் தானியங்கி ஆலோசனை ஆய்வாளர் , டெஸ்லா மாதிரி ,