Tesla officially launched the Model Y in India at ₹60 lakh after years of lobbying for lower import duties
Vietnam company's subsidiary will assemble cars in Thoothukudi, Tamil Nadu
Tesla India site lists Model Y RWD at ₹60 lakh, Long Range RWD at ₹68 lakh; prices significantly higher than in US, China and Germany
Real estate analysts watching Tesla's impact on rentals closely
PLI, PMP targets under strain as rare earth magnet stocks fast dry up
Industry divide complicates govt's efforts to finalise new fuel-efficiency norms
Downside risks from rare-earth magnets an overhang for the sector
Global EV majors Tesla, VinFast and Kia to launch models, announce prices and open bookings on the same day, intensifying India's electric vehicle battle
VinFast, which is gearing up to launch its electric vehicles in the Indian market, aims to establish 35 dealerships across the country by the end of 2025
Tesla will compete with its Chinese rival BYD, as well as domestic major Tata Motors in the Indian market
The deal marks a major step towards building a localised and sustainable battery value chain for VinFast's India operations, including its upcoming Thoothukudi factory and after-sales services
The firm has partnered with Sterling Tools Limited's EV arm, Sterling Gtake Electro Mobility (SGEM), to localise production and assembly of its traction motors at SGEM's Faridabad facility
Deliveries are expected to start from late August, a separate person familiar with the development said. Customers will be able to configure and order their Tesla EVs from next week
Industries including ports, logistics, cement and steel will be the key beneficiaries of the scheme, which envisages support of up to 5,600 electric trucks
Sales of top-end models, like the S-Class and the Mercedes-Maybach portfolio, rose 20per cent between April and June, while EV sales jumped than two-fold to form 8% of Mercedes-Benz India's sale
The used-to-new car sales ratio has increased to 1.4 from less than 1 five years ago. The market value of these used cars is estimated to be around Rs 4 trillion, nearly matching that of new car sales
US electric automaker Tesla's Mumbai showroom will mark its India entry, with Delhi and other cities expected to follow as part of its expansion plan
The industry has conveyed to the BEE that it continues to rely heavily on ICE vehicles
Mahindra and Uno Minda are exploring rare earth magnet manufacturing in India as the government considers incentives and stockpiling amid Chinese export curbs
Market share of premium motorcycles, engine capacity greater than 150 cc, increased to 19 per cent last fiscal from 14 per cent in fiscal 2019