🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Tesla Cars To Be Available In India Later This Year
Inc42
·
1y ago
Medial
Electric car maker Tesla has started production of right-hand drive cars in Germany for export to India later this year, according to sources. While it remains unclear which model Tesla plans to ship to India, the move is seen as part of the company’s efforts to reduce its dependence on China. The EV major also reportedly aims to make India a bigger sourcing hub, as well as build a charging network across the country. Last month, the Indian government reduced import tax rates on certain EVs, providing further incentive for Tesla’s entry into the market.
View Source
Related News
Tesla Scouts Locations In New Delhi, Mumbai For Its Showrooms
Inc42
·
1y ago
Medial
Tesla is reportedly scouting for showroom locations in New Delhi and Mumbai as it prepares to sell cars in India later this year. The EV giant is considering high street and mall sites for potential showrooms, which will span between 3,000 and 5,000 square feet. Tesla has held talks with real estate developers and aims to commence construction "soon" in order to open the showrooms in 2024. Additionally, the company is looking to establish service hubs in both cities and plans to export right-hand drive cars from its German plant to India this year.
View Source
Telangana Govt In Talks With Tesla To Build EV Plant
Inc42
·
1y ago
Medial
Tesla Motors is reportedly sending a team to India later this month to search for potential locations for its first factory in the country. The Telangana government is in talks with Tesla about setting up the facility in the state, which has been actively seeking investment opportunities from global companies. The team will scout locations in Maharashtra, Gujarat, and Tamil Nadu. This comes after the Indian government approved a new policy offering lower import duties on electric vehicles if companies set up manufacturing facilities in the country. Tesla has also started production in Germany for cars to be exported to India.
View Source
Tesla changes lease policy, didn’t use old cars as robotaxis
Arstechnica
·
2m ago
Medial
Tesla initially restricted lease buyouts, intending to use returned vehicles for a nonexistent ride-hailing network. Starting in 2019 with Model 3 and later Model Y, Tesla reversed this policy in November, instead selling refurbished ex-lease cars. Some lessees felt misled, anticipating their vehicles would be deployed as robotaxis. Due to depreciation, many lessees may have benefited financially from not buying out their leases. Tesla claims autonomy-enabled rides could launch soon in Austin.
View Source
Tesla’s Entry Into India Will Be ‘Natural Progression’: Elon Musk
Inc42
·
1y ago
Medial
Electric vehicle manufacturer Tesla is planning to enter the Indian market by setting up a $2 billion manufacturing unit. The company's CEO, Elon Musk, has expressed the belief that India, as the most populous country in the world, should have electric cars. A team from Tesla is expected to visit India to scout for a suitable location for the manufacturing facility, which is likely to be operational in two years. Tesla also plans to produce right-hand drive cars at its plant in Germany for export to India. This move comes as Tesla faces slowing EV demand in the US and China.
View Source
Tesla plans to build new electric vehicles in mid-2025
Reuters
·
1y ago
Medial
Tesla is reportedly planning to begin production of a new mass-market electric vehicle codenamed "Redwood" in mid-2025. The model is said to be a compact crossover, aimed at competing with cheaper gasoline-powered cars and affordable EVs. Tesla previously promised to build a $25,000 car in 2020 but later shelved the plan. The company sent bids to suppliers and projected a weekly production volume of 10,000 vehicles. The timing of the next-generation compact vehicles is an important topic for Tesla investors. Tesla has a history of missing targets for launches and pricing.
View Source
Decision on Tesla only after Lok Sabha elections: Sources
Thehindubusinessline
·
1y ago
Medial
The fate of Tesla in India and any concessional import duty structure for the company will be decided after the General elections. Tesla is planning to bring in completely built units (CBUs) to commence operations in India, but any changes in import duty are likely to come after the elections. Currently, the Indian government charges a 70% import duty on CBU cars valued less than $40,000 and 100% for those valued more than $40,000. Tesla is expected to bring in lower-cost cars ranging between ₹25 lakh and ₹35 lakh.
View Source
Tesla faces strikes in Sweden unless it signs a collective bargaining agreement
Economic Times
·
1y ago
Medial
Tesla is facing pressure in Sweden as trade unions demand the automaker to sign a collective bargaining agreement. The metalworkers' union, IF Metall, had its members walk out of workshops where Tesla cars are serviced, and other unions, including dockworkers and painters, joined in solidarity. If Tesla does not agree to the demands, several companies may be prevented from handling and painting Tesla cars, causing disruptions to the automaker's operations in Sweden. The former prime minister of Sweden also called for a boycott of Tesla until an agreement is signed.
View Source
Tesla extends lead in Norway as EVs take record 82% market share
Reuters
·
1y ago
Medial
Tesla extended its lead in Norway's car sales for the third consecutive year, capturing a 20% market share in 2023. Nearly 82.4% of new cars sold in Norway were electric, up from 79.3% in 2022. Despite friction with local labor unions, Tesla continues to dominate the electric vehicle market in the Nordic region. Norway aims to become the first country to completely phase out petrol and diesel cars by 2025.
View Source
In April 2016 Elon Musk invited Indians to book Tesla Model 3s, now they’re asking for the money back as car never came… | Mint
Livemint
·
11m ago
Medial
In 2016, Tesla opened preorders for its Model 3 in India. However, due to concerns about taxes and building a factory in the country, Tesla has yet to deliver cars in India. Other automakers have since launched their own electric vehicles (EVs) in India, and the EV market has evolved significantly. Tesla's position has also changed, with slowing sales and the need for more affordable cars. India's domestic auto market is dominated by Maruti Suzuki, Hyundai, and Tata Motors, and EV sales still represent a small portion of total car sales. To succeed in India, Tesla would need to build affordable EVs in the country and establish a robust charging network.
View Source
Elon Musk's Tesla may launch its most affordable car in India after Germany
Livemint
·
1y ago
Medial
Tesla, the electric car company led by billionaire Elon Musk, is set to launch its most affordable model, a two-door car, in Germany. According to sources, the same model will also be introduced in India. While Tesla has not made an official announcement about its entry into the Indian market, reports suggest that imports of Tesla models will commence from 2024. The first model to be made available in India is expected to be the Model Y crossover. Tesla is reportedly planning to source components worth billions of dollars from India in the coming years.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cloudfront-us-east-2.images.arcpublishing.com/reuters/B6UO3PIRK5MP3D4EC74GWUQGKE.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3WUMJK7H3VKRZFQZKRLH4YTXJ4.jpg)
