Tesla India

The company has signed a lease agreement for Unit G-1B, Ground Floor, 2 North Avenue, Maker Maxity, a high-end office building situated in the vibrant business hub of Bandra Kurla Complex.

Trump tariff news, Tesla India: US President Donald Trump said he would levy around 25-per cent import tariffs on automobiles, starting April 2, 2025

India imposes nearly 100 per cent import duty on electric vehicles (EVs), making it expensive for foreign automakers to sell their cars there

In its initial phase, Tesla is likely to introduce the Model 3 and Model Y in India. However, both models are currently priced way above $25,000 in international markets

This move signals Tesla's plans to enter the Indian market after Musk's recent meeting with Prime Minister Narendra Modi during his recent US visit

Tesla's global sales rose 2.3 per cent in the fourth quarter after a sluggish start to the year that contributed the electric car company's first year-over-year sales decline since at least 2015. The annual decline for the Austin, Texas, company came despite offers such as 0 per cent financing, free charging and low-priced leases. Tesla delivered 495,570 vehicles from October through December, boosting deliveries to 1.79 million for the full year. But that was 1.1 per cent below 2023 sales of 1.81 million as overall demand for electric vehicles in the US and elsewhere slowed. The fourth-quarter boost came with a cost. Analysts polled by FactSet expected Tesla's average sales price to fall to just over USD 41,000 in the quarter, the lowest in at least four years. That doesn't bode well for Tesla's fourth-quarter earnings, which the company said it would announce on January 29. In 2022, Tesla predicted that its sales would grow 50 per cent most years, but the prediction ran into an

Former President Trump, the Republican candidate supported by Musk, has been critical of the Biden administration's EV policies and has said that he will "end the electric vehicle mandate" if he wins

Automotive software platform gets backing of Dragoneer Investment Group at a valuation of $4 billion

Elon Musk's Tesla has not responded to inquiries from officials in New Delhi and is no longer expected to invest in India

Bengaluru-based electric vehicle startup Pravaig Dynamics has made offers to Tesla interns, who saw their offers getting revoked weeks before their start date, inviting them to join the Silicon Valley of India that will recognize and appreciate their talents. Tech billionaire Elon Musk's latest cost-cutting victims are summer interns with his flagship Tesla Inc, rescinding offers just weeks before internships were to start. As several aspiring employees took to LinkedIn to express anguish at not being left with enough time to find replacement gigs for the summer, Pravaig offered help. "At Pravaig Dynamics we understand the importance of feeling valued and supported in your career pursuits. That's why we want to extend a genuine invitation to those affected by this unfortunate situation," Shivangi Bagri, Partner at Pravaig wrote on her LinkedIn page. Bagri, who looks after HR at the startup which manufactures electric SUVs as well as high precision batteries for EVs, said the Tesla

Meeting attended by other global and Indian OEMs sought to offer clarity on EV manufacturing scheme

Elon Musk is set to visit India and meet PM Modi. With the likelihood of a Tesla plant coming up in India, which are the EV makers they will compete with? Here is a list

It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each city, said one of the people familiar with the plans

This agreement comes amid Elon Musk-led Tesla's eagerness to penetrate Indian market, and his scheduled visit to the country this month

Gujarat likely the front runner but TN, Telangana, Maha not far behind

The sales decline caught investors off guard as rivals like BYD of China and Kia and Hyundai of South Korea reported increases in electric vehicle sales

The stainless-steel clad truck is all angles, in part because a traditional press can't bend the steel into curves

Is the old pension scheme making a comeback? Have the stars aligned for Tesla's India entry? How will markets play out in this holiday-truncated week? Who are the Houthis? All answers here

Govt should not change EV policy for one company