Tesla is set to officially enter the Indian market with the launch of its first experience center in Mumbai. The move follows leasing of warehousing space and discussions with the Indian government regarding tariffs and manufacturing.
Prime Minister Narendra Modi visited Tesla Motors' iconic headquarters in California.
Analysts believe Tesla will first focus on building the Model Y brand before expanding -- both in terms of volume and models.
The car firm however does not want to sell its business.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
The company resurrected electric vehicle market with cars that are visually appealing and performance driven.
US-based Tesla is working through a lot of challenges with the government to launch its products in India, the electric car major's founder and CEO Elon Musk said on Thursday. Responding to a tweet on the company's plans to launch its products in India, Musk tweeted: "Still working through a lot of challenges with the government." Last year, Tesla had sought a reduction in import duties on electric vehicles (EVs) in India.
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.
it's the first all-wheel drive electric car.
Elon Musk is one of the world's most successful entrepreneurs.
Apple's head of mergers and acquisitions, Adrian Perica, met with Tesla Motors Inc founder Elon Musk at the company's headquarters last year around the same time analysts suggested that Apple acquire the Model S electric car maker, the newspaper reported on Sunday.
The compact sleek car with no grille features a roof that is a panoramic pane of glass from front to back.
Modi discusses battery technology's impact on India at Tesla
He says that while 30 per cent of parts must be locally sourced, the supply doesn't yet exist in India to support that
These photographs are sure to take your breath away!
There are few firms that are applauded for managing a healthy top line growth along with an impressive brand image that inspires most companies.
The list includes Hindustan Unilever, Asian Paints and Bharti Airtel - firms that investors feel are most likely to come up with the next big innovation.
Apple spent more than a year investigating the feasibility of an Apple-branded car.
Tesla's Model 3 sedan, scheduled to roll out later this year, will be critical to founder Elon Musk's ambitions to transform his company from a niche car-maker into a mass-market manufacturer.
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
"My USA (trip) demonstrates the extraordinary depth and diversity of our relationship. A lot of ground has been covered in these few days (sic)," Modi tweeted before his departure.
What will it take for Tesla to plug and play in India? Sector pundits say it's a mix of strategy, getting the price right, timing, the right talent, and above all, patience.
Elon Musk's likely referring to waiver of 30% local sourcing norm for setting up single-brand retail
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Backed by top IT companies of the Silicon Valley, Indian-American Rohit "Ro" Khanna hopes to get second-time lucky in his effort to enter the US House of Representatives against Democratic Party's sitting lawmaker.
"I probably wouldn't do much," Buffett said when asked what he would do if he ran the Fed.
It already works with Chinese smartphone maker Xiaomi, online shopping giant Alibaba Group , white goods producer Qingdao Haier and flag carrier Air China to target customers abroad.
Modi hopes to attract funds and skills from U.S. innovators to help India's burgeoning startup scene grow.
During his two-day stay in Silicon Valley, he would begin and conclude his engagements with the Indian-American community, the last one being an address to a crowd of over 18,500 Indian-Americans at the SAP Centre in San Jose.
Only 36 per cent in Japan and 44 per cent in Germany were willing to use such vehicles.
It's the same sourcing norms that have been a hurdle for multinationals such as Apple Inc in setting up retail operations in India.
Modi has set a target of generating 100 Gw of solar power by 2022.
Model 3 received 180,000 orders worldwide.
Even as India goes green, lack of uniform standards for setting up charging stations is holding back companies. Alnoor Peermohamed reports.
Tesla, which produces the luxury Model S sedan and Model X sport utility vehicle, aims to become a high-volume automaker in a matter of years
In some ways, Elon Musk's vision is even bolder and more transformative than that of Steve Jobs, says B S Prakash.
Experts attribute the high valuation of Indian auto makers to the faster growth in India compared to the rest of the world.
The electric vehicle market in India needs a policy push that goes beyond targets, says Vandana Gombar.
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