The Indian automotive market offers around 1 million units annual volume opportunity at a price above $23,000.
'Every Indian should move to an EV, and the government should not buy any fossil fuel cars. The government should become the first driver of EV adoption.'
President Donald Trump has said if Elon Musk's Tesla built a factory in India to avoid that country's tariffs, it would be unfair to the US. Trump's comments came amid moves by him to increase tariffs significantly. On February 13, hours before Prime Minister Narendra Modi's bilateral meeting with Trump at the White House, the US President announced reciprocal tariffs.
Tesla needs to either sell the same models with reduced features to lower the cost for Indian market, or incur losses.
Risks emerging from the US have left automotive investors worried. US President Donald Trump has announced 25 per cent tariffs on automotive imports, while global electric carmaker Tesla has taken its first steps towards entering India. While these developments are sentimentally negative for related stocks, it may be too early to conclude the eventual impact, analysts said.
American electric carmaker Tesla has opened recruitment for various roles in India, including business operations analyst and customer support specialist, in what could be a precursor for the company's entry into the country. As per the job postings on the company's website, the posts are for the 'Mumbai Suburban' area.
Swedish luxury car maker Volvo is planning to launch its fullly electric small SUV EX30 in India this year as part its plans of launching one electric model in the country every year in line with its global ambition of achieving 90-100 per cent sales from electrified cars by 2030, according to a senior company official. Besides, Volvo Car India is also looking at bringing the new XC60 SUV in India this year, its Managing Director Jyoti Malhotra told PTI.
'Reduce your equity allocation, put that allocation into gold and fixed income.'
According to the paper, Trump is known for his extreme germophobia. Trump has spoken openly about his phobia of germs in the past too.
The Tesla careers page reveals there are 14 staff vacancies, of which 13 are based in Mumbai.
A new analysis has shown that hate speech on the social media platform 'X' spiked by almost 50 percent in the months following Elon Musk's purchase, compared to the months prior. Researchers found that the number of bot and bot-like accounts did not decline during Musk's tenure as CEO, until June 2023. The study, published in PLOS One, also revealed a heightened engagement with hate-related content, with about a 70 percent increase in the average number of 'likes' on such posts.
An hour before his bilateral meeting with Prime Minister Narendra Modi, Trump again commented on India's tariff structure, saying 'they have the highest tariffs' and 'it is a hard place to do business'.
Prime Minister Narendra Modi met SpaceX CEO Elon Musk in Washington on Thursday. US President Donald Trump has chosen Musk to head a new Department of Government Efficiency (DOGE) last month. Musk arrived at Blair House with his three young children, who were sitting with Musk when he met Modi. Earlier, Modi met US National Security Advisor Michael Waltz. The meeting with Waltz was the first engagement of the day. External Affairs Minister Dr S Jaishankar and NSA Ajit Doval were also present at the meeting. Modi arrived in the US capital Wednesday evening for a bilateral meeting with President Trump. After arriving at Blair House, the President's Guest House, Modi met the US Director of National Intelligence Tulsi Gabbard. Just hours before her meeting with Modi, Gabbard took the oath of office as the 8th Director of National Intelligence in the presence of Trump.
We the people are left in the wind, waiting on the whims of an unengaged president and an oligarch with a nearly bottomless wallet, observes Sree Sreenivasan.
If completed, this deal would place OpenAI among the most valuable private companies globally, alongside Musk's SpaceX and ByteDance, the parent company of TikTok, according to The New York Times.
'For the Indian economy to maintain a growth rate of 7 to 8 per cent, it needs large foreign direct investment coming in, and that's mainly coming from the US.'
Prime Minister Narendra Modi is set to hold bilateral meetings with US President Donald Trump and other prominent American personalities during his two-day visit to the United States.
Posing a series of questions to the prime minister, Congress general secretary in-charge communications Jairam Ramesh also asked if Modi would convey to the US president that India would send its own aircraft -- like Venezuela and Colombia did -- to bring back Indian deportees in the future.
'When compared to many of America's treaty allies in Asia, Modi 3.0 is on a much stronger footing.'
DeepSeek is a case in point on how economic interdependence between nations are utilised for geopolitical ambitions and global domination efforts, observes China expert Srikanth Kondapalli.
Netizens broke out into a meme fest as they welcomed Nirmala Sitharaman's tax break.
The driver of the Tesla Cybertruck that exploded outside the Trump International Hotel in Las Vegas was an active-duty United States Army Green Berret, according to sources reported by CNN.
With nearly 100 launches and unveils, the Bharat Mobility Global Expo 2025, held in Delhi from January 17 to 22, made one thing clear to automobile enthusiasts: Electric vehicles (EVs) are the way ahead for the Indian auto market for years to come.
An electric vehicle exploded and caught fire outside the Trump International Hotel in Las Vegas on Wednesday, according to officials and videos on social media.
The rivalry between Tesla CEO Elon Musk and OpenAI CEO Sam Altman has intensified, centering on a groundbreaking artificial intelligence project known as Stargate, reported The Associated Press.
The project is critical as the region expects huge investments in the automotive, renewable energy, and space sectors.
As Indian-origin entrepreneur and Republican leader Vivek Ramaswamy pulled out of the Department of Government Efficiency (DOGE), just 69 days after he was announced the co-head of the team along with tech billionaire Elon Musk, a report has revealed that it was the Tesla CEO who wanted Ramaswamy 'out' of the team.
Ramaswamy is still mulling on the exact date to formally announce his Ohio Governor run, which is slated to be in 2026.
Tech billionaires shadowed US President Donald Trump at the inauguration on Monday.
Trump also said that he has also used the H-1B visa programme.
Thousands of people gathered in Washington to protest against Donald Trump's policies ahead of his inauguration as the 47th President of the United States. The People's March, a coalition of nonprofit bodies, organized the demonstration to voice their opposition to Trump's policies and values. The protesters, displaying anti-Trump posters and banners, chanted slogans against Trump and his supporters, including Tesla owner Elon Musk. Similar protests, though on a smaller scale, were also held in cities like New York, Seattle, and Chicago.
President-elect Donald Trump promised his supporters and countrymen that he will act at historic speed to fix every single crisis facing the United States, on the eve of his inauguration. Trump told his supporters at the Capitol One Arena, which was full to its capacity of 20,000 for a 'Make America Great' victory celebration, that he will act with "historic speed and strength" and fix "every single crisis facing our country." He also outlined some of his plans for his first day in office, including halting the "invasion" of the US border and restoring border security measures, which he said will be the most "aggressive, sweeping efforts to restore our borders the world has ever seen."
Musk said on Friday that he believes India-US ties are "trending positive" and that he favours an enhanced trade partnership between the two nations.
'If the Trump administration decides to put guardrails on H-1B visas, that will surely impact both US and Indian firms.'
The growing decline of MTech applicants in Indian colleges is due to multiple factors, including outdated curricula, poor return on investment and lucrative non-engineering alternatives, say experts.
Elon Musk would be interested in buying English Premier League club Liverpool, revealed his estranged father Errol.
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H-1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.
At least 10 people were injured in a shooting outside a nightclub in Queens on Wednesday night, according to the New York City Police Department, the New York Post reported on Thursday.
Elon Musk, who has previously vowed to "go to war" to defend the H-1B visa program, has reignited debate surrounding the program by labeling it "broken" and in urgent need of "major reform." Musk, along with Indian-American tech entrepreneur Vivek Ramaswamy, has been tapped by Trump to lead his Department of Government Efficiency (DOGE). While Musk acknowledges the need for foreign workers in the tech industry, he believes the current H-1B system needs significant changes, including raising the minimum salary and adding a yearly cost for maintaining the visa. The H-1B visa, which allows US companies to employ foreign workers in specialty occupations, has been a subject of debate for years. The tech industry advocates for more H-1B visas to attract highly skilled workers, while some argue that it allows businesses to replace Americans with lower-paid foreign workers.
We no longer have the ambition to rival China save through words. We are happy to be fighting ourselves and digging up disputes from centuries ago as a substitute for real development, argues Aakar Patel.
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