The heavy industries ministry has asked US-based electric car major Tesla to first start manufacturing its iconic electric vehicles in India before any tax concessions can be considered, government sources said. They said that the government is not giving such concessions to any auto firm and giving duty benefits to Tesla will not send a good signal to other companies that have invested billions of dollars in India. Tesla has demanded reduction in import duties on electric vehicles (EVs) in India.
Swedish luxury car maker Volvo is planning to launch its fullly electric small SUV EX30 in India this year as part its plans of launching one electric model in the country every year in line with its global ambition of achieving 90-100 per cent sales from electrified cars by 2030, according to a senior company official. Besides, Volvo Car India is also looking at bringing the new XC60 SUV in India this year, its Managing Director Jyoti Malhotra told PTI.
According to the paper, Trump is known for his extreme germophobia. Trump has spoken openly about his phobia of germs in the past too.
According to the Department of Pharmaceuticals' annual report for 2024-25, India imported medical devices worth $8.1 billion, while exports stood at $3.7 billion in the financial year 2023-24 (FY24)
A new analysis has shown that hate speech on the social media platform 'X' spiked by almost 50 percent in the months following Elon Musk's purchase, compared to the months prior. Researchers found that the number of bot and bot-like accounts did not decline during Musk's tenure as CEO, until June 2023. The study, published in PLOS One, also revealed a heightened engagement with hate-related content, with about a 70 percent increase in the average number of 'likes' on such posts.
Musk is an open supporter of Trump.
If completed, this deal would place OpenAI among the most valuable private companies globally, alongside Musk's SpaceX and ByteDance, the parent company of TikTok, according to The New York Times.
Tesla CEO Elon Musk has confirmed the company's plans to enter the Indian market, within days of the electric vehicle maker registering its arm in the country.
US President-elect Donald Trump has announced that Tesla CEO Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency (DOGE). The department will be tasked with dismantling government bureaucracy, slashing excess regulations, cutting wasteful expenditures, and restructuring federal agencies. Trump has called this initiative "The Manhattan Project of the current time."
'For the Indian economy to maintain a growth rate of 7 to 8 per cent, it needs large foreign direct investment coming in, and that's mainly coming from the US.'
An hour before his bilateral meeting with Prime Minister Narendra Modi, Trump again commented on India's tariff structure, saying 'they have the highest tariffs' and 'it is a hard place to do business'.
Union Minister Nitin Gadkari on Tuesday said if the US-based Tesla is ready to manufacture its electric vehicles in India then there is 'no problem' but the company must not import cars from China. In an interactive session at the Raisina Dialogue, Gadkari further said India is a large market and there is a huge potential for all electric vehicles. "If Elon Musk (Tesla CEO) is ready to manufacture in India then there is no problem ... Come to India, start manufacturing, India is a large market they can export from India," he said. The road transport and highways minister said his request to Musk is to come and manufacture in India.
'From the Indian perspective, young customers with more disposable income will also drive the growth.'
The rivalry between Tesla CEO Elon Musk and OpenAI CEO Sam Altman has intensified, centering on a groundbreaking artificial intelligence project known as Stargate, reported The Associated Press.
Thousands of people gathered in Washington to protest against Donald Trump's policies ahead of his inauguration as the 47th President of the United States. The People's March, a coalition of nonprofit bodies, organized the demonstration to voice their opposition to Trump's policies and values. The protesters, displaying anti-Trump posters and banners, chanted slogans against Trump and his supporters, including Tesla owner Elon Musk. Similar protests, though on a smaller scale, were also held in cities like New York, Seattle, and Chicago.
'As negotiations continue, the path forward demands not only diplomatic skill, but also vigilance against legal asymmetries embedded in America's trade playbook.'
Billionaire and Tesla CEO Elon Musk on Thursday offered a "best and final" bid to purchase 100 per cent of microblogging site Twitter for USD 41.39 billion with $54.20 per share in cash.
'Companies like Tesla and others have been given a long rope in India.'
Posing a series of questions to the prime minister, Congress general secretary in-charge communications Jairam Ramesh also asked if Modi would convey to the US president that India would send its own aircraft -- like Venezuela and Colombia did -- to bring back Indian deportees in the future.
On a surprise visit to Beijing amid speculation that he may unveil Tesla's autonomous driving technology in the burgeoning electric vehicle (EV) market in China, billionaire Elon Musk on Sunday met Chinese Premier Li Qiang and discussed future expansion plans for his automobile.
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H-1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.
'Many of these issues will be resolved within 6 months because the US economy has started unravelling.'
Tesla began taking orders for its Model 3 sedan from Indian customers in 2016 and caught the fancy of people like GOQii's Vishal Gondal, Paytm's Vijay Shekhar Sharma and venture capitalist Mahesh Murthy. Amid hints from Elon Musk, Alnoor Peermohamed reports on Tesla's Indian entry.
Tesla CEO Elon Musk has congratulated Prime Minister Narendra Modi on being the most followed leader in the world on social media platform X with over 100 million followers.
Elon Musk's likely referring to waiver of 30% local sourcing norm for setting up single-brand retail
As Indian-origin entrepreneur and Republican leader Vivek Ramaswamy pulled out of the Department of Government Efficiency (DOGE), just 69 days after he was announced the co-head of the team along with tech billionaire Elon Musk, a report has revealed that it was the Tesla CEO who wanted Ramaswamy 'out' of the team.
Trump also said that he has also used the H-1B visa programme.
'It showed me that this man had courage. He makes his own decisions, but he also trusted me enough in that moment to walk with me into the crowd,' Modi tells Lex Fridman on his podcast.
Musk said on Friday that he believes India-US ties are "trending positive" and that he favours an enhanced trade partnership between the two nations.
'There is no question that Putin's preference will be to avoid unpleasantness with Trump, leave alone a collision course,' observes Ambassador M K Bhadrakumar.
The project is critical as the region expects huge investments in the automotive, renewable energy, and space sectors.
'If you compare the data from 2017 and 2023 of the US imports from the world and China, you will see that the US was a complete loser in the trade war, and China was a complete gainer.'
President-elect Donald Trump promised his supporters and countrymen that he will act at historic speed to fix every single crisis facing the United States, on the eve of his inauguration. Trump told his supporters at the Capitol One Arena, which was full to its capacity of 20,000 for a 'Make America Great' victory celebration, that he will act with "historic speed and strength" and fix "every single crisis facing our country." He also outlined some of his plans for his first day in office, including halting the "invasion" of the US border and restoring border security measures, which he said will be the most "aggressive, sweeping efforts to restore our borders the world has ever seen."
Prime Minister Narendra Modi visited Tesla Motors' iconic headquarters in California.
DeepSeek is a case in point on how economic interdependence between nations are utilised for geopolitical ambitions and global domination efforts, observes China expert Srikanth Kondapalli.
Making it clear that relaxations will not be provided to US-based electric vehicles major Tesla unless it participates in manufacturing activities in India, Union Minister Krishan Pal Gurjar on Tuesday said there cannot be a situation where the market is India but jobs are created in China. The minister of state for heavy industries also told the Lok Sabha during Question Hour that the company is yet to apply for schemes as per the government's policy. Last year, the Elon Musk-led company sought a reduction in import duties on electric vehicles (EVs) in India but the Ministry of Heavy Industries asked the firm to start manufacturing its iconic EVs in the country before any tax concessions can be considered.
Tesla began taking orders for its $35,000 Model 3 sedan from Indian customers in April last year.
US President-elect Donald Trump has nominated Indian-American scientist Jay Bhattacharya to lead the National Institutes of Health (NIH), the country's top health research and funding institutions. Bhattacharya, a professor of Health Policy at Stanford University, is known for his research on the health and well-being of vulnerable populations. Trump also nominated Jim O'Neill as the deputy secretary of Health and Human Services to work alongside Robert F. Kennedy Jr.
It's the same sourcing norms that have been a hurdle for multinationals such as Apple Inc in setting up retail operations in India.
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