TESLA POWER INDIA
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.
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.
NCLT directs Byju’s to maintain status quo; ETtech Done Deals
NCLT has asked Byju's to maintain status quo in its shareholding, pausing its controversial rights issue, this and more in today’s ETtech Top 5.
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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.
Consumers bend the road: No straight drive from ICE to electric
The transition from internal combustion engine (ICE) vehicles to electric vehicles faces challenges as consumers show a preference for hybrids and CNG vehicles over pure EVs. Maruti Suzuki expects significant growth in CNG car sales, signaling a shift towards alternative fuel technologies alongside traditional options.
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.
Japanese auto giant Toyota posts record net profit
Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant's bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to March while revenues rose 21.4 percent to 45.1 trillion yen, also an all-time high.
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.
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.
Elon Musk and India -- who needs who more? Here are some pointers
Tesla and India can tango productively, and the latter could well offer the best anchor to make batteries and export them to the world. These would both create much-needed jobs, as well as lead to a platform play for renewables and EVs in India.
Tesla Power India, E-Ashwa Automotive to launch India’s 1st electric two-wheeler with fire safety technology
Tesla Power India Pvt. Ltd. & E-Ashwa Automotive partner to launch India's first electric 2W vehicle with a built-in fire suppressant system, aiming to enhance safety standards for EVs in the country. Abhinav Bhadola and Tesla bring expertise in electric vehicles.
A Tata-Tesla deal has just won India a big strategic edge
Tata's likely deal with Tesla to supply semiconductor chips marks a major milestone for India, enhancing its strategic power globally. As countries invest in semiconductor manufacturing, India's focus on legacy chips positions it as a reliable supplier in the global chip value chain, contributing to its self-reliance and influence.
Sour grapes? China thinks Tesla's India biz will be doomed
China has expressed disapproval of Elon Musk's plan to open a Tesla factory in India. The Global Times has predicted challenges for Tesla in the immature Indian market, recommending India to partner with Chinese companies for EV manufacturing.
Musk, Ambani on a drive? Tesla likely seeks JV with Reliance for Indian EV manufacturing
Reliance-Tesla: Tesla is making strides towards entering the Indian automobile market, with talks of a potential joint venture with Mukesh Ambani's Reliance Industries to establish a manufacturing facility. The move aligns with India's push for electric vehicles, with attractive land proposals from states like Maharashtra and Gujarat.
Luxury in electric cars means range and (much) more
While the next-generation Roadster with record-setting acceleration, range and performance might offer a glimpse into the future, US-based Tesla, Vietnam’s Vinfast, China’s BYD and many other global luxury car makers may bet on premium feature-led electric models for the Indian market.
Tesla's Sales Drop: A sign that its grip on the EV market is slipping
Tesla faced a sharp decline in quarterly sales, sparking concerns about Elon Musk's leadership as competitors like BYD, Kia, and Hyundai saw increases in electric vehicle sales. The market is shifting, with mainstream buyers possibly put off by Tesla's unconventional design and service issues. The company must address challenges to regain momentum.
India not to tailor policy for Tesla, all global EV makers welcome in India: Piyush Goyal
India is attracting EV players amid Beijing-Washington tensions. The government rolled out production-linked incentives for advanced chemistry cells and components. The UK seeks customs duty concessions on EV exports to India. The Economic Survey 2022-23 estimates India's EV market will create five crore jobs by 2030. Tata Motors is a leading player in passenger EVs.
Microchips manufactured at Assam Tata facility to be used in Tesla cars, says Himanta Biswa Sarma
Tata Semiconductor Assembly and Test Pvt Ltd (“TSAT”) will set up a semiconductor unit in Morigaon, Assam. This unit will be set up with an investment of Rs.27,000 crore.
Tesla Power India to hire over 2,000 people across verticals
Tesla Power India has recently launched its first refurbished battery brand, ReStore. The company plans to open 5000 ReStore Units by 2026.
A Tesla rival is driving into India. What lies ahead for it
VinFast, a small electric vehicle (EV) maker backed by Vietnam's largest conglomerate, is expanding into India. The company plans to establish a $2 billion EV facility in Tamil Nadu and intends to build a nationwide dealership network. VinFast aims to offer affordable alternatives to Tesla in the Indian market and capitalize on the growing demand for EVs. Despite the challenges of the Indian EV industry, VinFast could have an advantage as one of the first EV-only companies operating in the country.
Tesla plans to build new electric vehicles in mid-2025
Tesla CEO Elon Musk has long whetted fans' and investors' appetites for affordable electric vehicles and self-driving robotaxis that are expected to be made on next-generation, cheaper electric car platforms.
View: Time for India to move into top gear with an eye on 2030 EV public infra goal
As reports surfaced about tech billionaire Elon Musk arriving in India next week to announce a Tesla manufacturing unit in Gujarat (although no official confirmation has come yet), the focus has once again shifted to ramp up the public infrastructure for electric vehicles (EVs) in the country in order to meet the ambitious 2030 goal of the government.
Tesla Power India launches refurbished battery brand ReStore
Tesla Power India said approximately 10 crore lead acid batteries are scrapped and replaced every year in India, costing Rs.40,000 crore to the Indian economy.
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