INDIA TESLA
Xiaomi's SU7 bedazzles at India showcasing, rolls out tech bonanza with star-Redmi 13 5G
Chinese tech giant Xiaomi showcased its electric vehicle SU7 in Bengaluru, alongside new electronic products like the Star-Redmi 13 5G. Although not for sale in India, the SU7, resembling a Porsche Taycan but cheaper, marks Xiaomi’s EV ambitions. Heavy rains in Muradabad have damaged tomato crops, driving prices up in North India.
Changes likely in India's new EV policy, may benefit legacy car companies
The move comes as US electric carmaker Tesla Inc is still to make any firm commitment on building a factory in India. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments. Consultations are also on with stakeholders on another key issue troubling carmakers.
Tesla’s loss, not India: Ola's Bhavesh Aggarwal reacts to India-Elon Musk deal not moving forward
Ola CEO Bhavesh Aggrawal labeled Tesla's India exit a loss for Elon Musk amid India’s growing EV sector. Rajesh Kumar Singh noted Tesla's silence post-election. Musk canceled his April India visit to meet PM Modi, opting for China.
Tesla Vs Tesla: HC orders mediation in trademark dispute between Musk's firm & Gurugram-based company
The Delhi High Court has directed Tesla Inc. and Gurugram-based Tesla Power India to mediate their trademark dispute. Tesla Inc. alleges that Tesla Power India's use of the "Tesla" trademark infringes on its rights, causing consumer confusion and harming its business. Mediation is scheduled for July 18, with a further hearing on September 18.
Tesla unlikely to move forward with India investment, Musk's execs cease contact: Report
Tesla Inc. is unlikely to pursue new investments in India in the near future, sources familiar with the matter said. Following Elon Musk's postponed visit and lack of further communication, Indian officials believe Tesla faces financial constraints. India now focuses on local automakers like Tata Motors and Mahindra & Mahindra to boost its nascent EV market.
Elon Musk's Tesla Highlights: Self-driving tech, cybertruck & robotaxi plans
Tesla's annual shareholder meeting on June 13 was marked by shareholder approval of Elon Musk's $56 billion performance-based pay package, despite previous legal challenges. Additionally, shareholders agreed to relocate Tesla from Delaware to Texas. Elon Musk, in his characteristic style, outlined ambitious technological advancements at the meeting: he projected rapid progress in self-driving car technology, including the potential for Tesla owners to connect with a future "Robotaxi" fleet for passive income.
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Tesla vs Tata Motors: Elon Musk's $56 billion salary more than TaMo revenue
Musk's compensation package not only outstrips TaMo but also surpasses the total revenues of other prominent Indian entities, including HPCL, SBI, Rajesh Exports, and TCS
EVMs in India are a 'black box', says Rahul Gandhi as he backs Tesla CEO Elon Musk's concerns
Congress leader Rahul Gandhi and Tesla CEO Elon Musk have raised concerns about the security of Electronic Voting Machines (EVMs), calling them a "black box" and suggesting their elimination due to hacking risks. BJP leader Rajeev Chandrasekhar, however, opposes Musk's stance, asserting that Indian EVMs are secure and isolated from networks.
Diversion ahead? For Chinese EVs, the road may fork out to India
The European Union's decision to hike tariffs on cheap electric vehicles made by Chinese companies has sparked concerns about unfair competition and the impact on the global auto sector. The move could lead to a reshuffling of the market dynamics, with potential consequences for both Chinese and European automakers.
EVMs can be architected and built right as India has done: Former Min replies to Tesla CEO Elon Musk
Following Elon Musk's discussion on social media platform X regarding electronic voting machines (EVMs), former Minister of State for IT Rajeev Chandrasekhar responded by asserting that EVMs can be designed and constructed effectively, citing India's example. In response to Elon Musk, Rahul Gandhi stated that electronic voting machines (EVMs) in India function as a "black box," inaccessible to scrutiny, raising significant concerns about transparency in electoral system.
PM Modi responds to Elon Musk's congratulatory message, says India's stable policies continue to facilitate business environment
Prime Minister Narendra Modi expressed gratitude to Elon Musk, CEO of Tesla and SpaceX, for congratulating him on his electoral victory in the 2024 Lok Sabha elections. Modi responded to Musk's post on the social media platform X, emphasizing India's talented youth, demographic advantage, stable democratic system, and predictable policies, which create a conducive business environment. Musk had congratulated Modi on his victory and expressed anticipation for his companies to engage in exciting work in India.
Ozempic: Bengaluru is the secret ingredient behind the wonder weight loss drugs' success
Novo Nordisk's India team played a pivotal role in the success of Ozempic, a semaglutide-based drug for diabetes and weight management. The Bengaluru-based Global Business Services unit collaborated on clinical trials and biostatistics. Despite global demand, Ozempic's availability in India remains uncertain due to supply challenges, with significant hiring planned to bolster Novo Nordisk's workforce in India.
Tesla coming to India? Elon Musk drops major hint
Elon Musk congratulates Narendra Modi on his re-election. BJP and allies win 240 seats in the 2024 Lok Sabha elections. Oath ceremony on June 09, 2024 at Rashtrapati Bhavan.
India's electric car incentives limited to new investments: Officials
The Indian government's scheme to promote local production of electric cars will offer incentives only to automakers investing in new manufacturing facilities in the country, officials have revealed. Foreign firms, including those already operating in India, can apply for benefits under the Scheme for Manufacturing of Electric Cars (SMEC) but with no retrospective approval for previous investments.
Tesla Power India asks vendors to remove Tesla marks from EVs amid trademark dispute
Gurugram-based Tesla Power India informed the Delhi High Court about removing Tesla marks from electric scooters. The company assured compliance with its undertaking and refrained from entering the electric vehicle market.
Delhi High Court seeks details from Tesla Power India in trademark case with Tesla Inc
The Delhi High Court has requested Gurugram-based Tesla Power India to submit an affidavit detailing the sales figures of electric vehicle scooters and the current inventory in a trademark dispute with US electric vehicle giant Tesla Inc. Justice Anish Dayal has instructed the company to provide information on dealers, launch dates, and stock availability. This directive follows Tesla Inc.'s claim that Tesla Power was selling electric scooters through dealers under different sub-brands despite an earlier agreement.
Tesla vs Tesla: Court asks Tesla Power India to furnish dealer and product details
The Delhi High Court directed Gurugram-based Tesla Power India to detail stocks, sales of electric vehicle scooters in response to a petition by Tesla Inc. on a trademark infringement suit. The court will hear the case on Thursday.
Govt to hold 2nd meet with stakeholders to issue draft guidelines for new EV policy
The Ministry of Heavy Industries is drafting guidelines for the new electric vehicle policy to attract global automakers like Tesla. Automakers, including Vietnam's Vinfast, must invest as per the new norms to avail incentives under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) approved on March 15, 2024.
Amitabh Kant on Tesla: 'India won't make any further changes in its EV policy to suit a specific company'
India can'on being asked why Tesla didn't come to India after the CEO announced an India visit in April but cancelled at the last moment.
New e-car norms on way as India looks to build a China Wall on EV street
The development comes weeks after Tesla chief Elon Musk cancelled his much-hyped visit to India in April. Tesla is yet to communicate its India plans to the government under the new EV policy, the official said. Musk, who was scheduled to visit India April 21-22, postponed his visit at the last moment, citing “very heavy Tesla obligations”.
Tesla 'silent'; yet to communicate its India plans: Official
American tech billionaire Elon Musk, who was scheduled to visit India on April 21-22, had postponed his visit at the last moment citing "very heavy Tesla obligations".
Stellantis considering India manufacturing of affordable EVs
The group, which owns several brands including Chrysler, Citroën, Fiat and Jeep, is considering locally manufacturing affordable electric vehicles from its Chinese joint venture partner Leapmotor at its facility in Thiruvallur, Tamil Nadu.
Elon Musk's diplomacy: Woo right-wing world leaders. Then benefit
Elon Musk strategically leverages his Twitter ownership to support right-wing heads of state like Javier Milei, Jair Bolsonaro, and Narendra Modi. His endorsements lead to corporate benefits for Tesla and SpaceX in Argentina, Brazil, and India.
EV stocks vroom up to 253% in 1 year. Should you invest?
Hindustan Copper shares, which are seen as one of the beneficaries of the growing EV adoption, have rallied 253% in the last year. Other EV stocks that have more than doubled investor wealth in one year are Himadri Speciality Chemical, Servotech Power Systems, JBM Auto, and Exide Industries.
Tesla moves Delhi HC alleging infringement of its trademark ‘Tesla’ by Gurugram-based Tesla Power India
Tesla Inc., a prominent US electric vehicle (EV) manufacturer, has filed a complaint in the Delhi High Court against Gurugram-based Tesla Power India for allegedly infringing on its trademark 'Tesla.' The company seeks to restrain Tesla Power from using its trademark, citing confusion among consumers and potential harm to its business interests. Tesla Inc. claims that complaints regarding Tesla Power batteries are being mistakenly directed to them due to the similarity in branding.
What is Tesla's Full Self Driving and why its China rollout matters
Tesla CEO Elon Musk made an unannounced visit to Beijing to discuss the rollout of Full Self-Driving (FSD) software and data transfer permissions. Musk met with Premier Li Qiang, sharing a photo on social media. Tesla cleared regulatory hurdles for FSD in China, potentially boosting competition in the auto market. The move could also help Tesla navigate regulatory challenges and declining EV sales, while aligning with China's push for technological innovation and competition in the autonomous driving sector.
Musk's big win in China: Tesla clears data security, full self driving hurdles for locally-made cars
Tesla CEO Elon Musk's surprise visit to China has proven to be a strategic move yielding significant results. Musk secured a key clearance from Chinese authorities, boosting the EV maker's efforts to revive declining sales and regain trust in the Chinese market, where local automakers like BYD challenge Tesla's dominance. Tesla cars produced in China met essential data security and privacy requirements, allowing Musk to progress in gaining approval for driver-assistance software introduction. Furthermore, a reported deal between Tesla and Baidu for mapping services in China hints at further advancements in the company's operations.
View: For Tesla, India can perhaps wait for now
Elon Musk, the charismatic CEO of Tesla, will need to get a whole lot of things in order at the company before deciding to invest in India. Till then, the country will be happy to keep its doors open for him even while all the action in electric is happening in China. This is irrelevant to India where there is no love lost with China and Tesla is assured VIP status here.
Tesla woos China customers with cheaper cars after Musk defers India visit
Tesla Inc. has reduced vehicle prices in China amidst stiff competition. Tesla had earlier introduced incentives in China to attract consumers, countering competition from BYD. Musk meanwhile deferred his India visit, which was aimed to tap into a new market amid declining sales and stock prices.
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