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Tesla hunts for Tata Motor's top talent to start its India journey

Economic Times

Economic Times · 5m ago

Tesla hunts for Tata Motor's top talent to start its India journey

Tesla is actively exploring opportunities to establish an electric vehicle manufacturing plant in India, with Maharashtra being a prime location due to its existing operations in Pune and numerous suppliers in the region. Discussions are ongoing, with Tesla seeking concessions and favorable conditions such as port proximity. The Maharashtra government is cautiously optimistic, aiming to secure this investment amidst competition from other states. Tesla's recruitment for India-based roles indicates its commitment to establishing a presence in the country.

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Indian semiconductor companies eye global talent to spearhead operations

Economic Times

Economic Times · 4m ago

Indian semiconductor companies eye global talent to spearhead operations

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Tata Electronics to manufacture electronics parts for India-made Teslas

Livemint

Livemint · 1y ago

Tata Electronics to manufacture electronics parts for India-made Teslas

Tata Electronics Pvt. Ltd has been chosen by Tesla to manufacture electronics parts for its cars assembled in India. Tesla has decided to bypass its international partners Foxconn and Jabil Inc. for this project. The deal allows Tesla to achieve local value-addition in India and take advantage of the government policy to lower import duty for electric vehicle makers. Tata Electronics is also setting up India's first chip fabrication plant, which will manufacture semi-conductors for various industries. The partnership could serve as a model for other foreign companies looking to enter the Indian market.

Indian EV startup makes offer to interns spurned by Elon Musk

Economic Times

Economic Times · 1y ago

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Bengaluru-based electric vehicle startup Pravaig Dynamics has extended offers to Tesla interns whose offers were revoked just weeks before their start date. Pravaig, referring to Bengaluru as the "Silicon Valley of India," aims to recognize and value the talent of these affected individuals. Shivangi Bagri, Partner at Pravaig, stated that the revoked appointment letter from Tesla doesn't diminish the skills, experience, and potential of the interns. While Pravaig acknowledges they may not be able to replicate the exact opportunity, they offer a supportive environment where talents will be appreciated.

Elon Musk apologizes after Piyush Goyal's visit to Tesla Fremont factory

Livemint

Livemint · 1y ago

Elon Musk apologizes after Piyush Goyal's visit to Tesla Fremont factory

Elon Musk, CEO of Tesla, apologizes to India's commerce minister, Piyush Goyal, for not being able to meet him during his visit to Tesla's factory in California. Musk expresses his gratitude for Goyal's visit and hopes to meet him in the future. Goyal praises India's contribution to Tesla's journey and states that the company is set to increase its imports from India. Speculation arises about tax concessions for Tesla to establish an EV manufacturing facility in India.

Elon Musk says he's raising Tesla engineer salaries because OpenAI has been aggressively poaching them with massive paydays

Business Insider

Business Insider · 1y ago

Elon Musk says he's raising Tesla engineer salaries because OpenAI has been aggressively poaching them with massive paydays

Tesla CEO Elon Musk has announced that the company is increasing compensation packages for its AI engineering team in response to recruitment efforts by OpenAI. Musk stated that OpenAI has been successful in enticing some Tesla engineers with lucrative offers, and Tesla is taking action to retain its talent. Competition for AI talent has been intensifying in the tech industry, with companies like Meta and Google also adopting various tactics, such as personalized emails and higher pay offers, to attract and retain skilled AI researchers and engineers.

Meta hires two Apple AI researchers after poaching their boss: Bloomberg - The Economic Times

Economic Times

Economic Times · 10d ago

Meta hires two Apple AI researchers after poaching their boss: Bloomberg - The Economic Times

Meta has hired Apple AI researchers Mark Lee and Tom Gunter for its Superintelligence Labs team, according to Bloomberg. Lee has already joined Meta, while Gunter is expected to start soon. This move follows Meta's previous hiring of their boss, reportedly aimed at bolstering its AI research capabilities. The recruitment underscores Meta's focus on enhancing its technological advancements by attracting top talent from competitors.

Krafton to deepen bet on India's booming gaming market; eyes talent, ecosystem expansion - The Economic Times

Economic Times

Economic Times · 19d ago

Krafton to deepen bet on India's booming gaming market; eyes talent, ecosystem expansion - The Economic Times

Krafton, the South Korean gaming company known for Battlegrounds Mobile India, highlights India as a critical market, among its top five globally by revenue and top three by user numbers. CEO Sean Sohn emphasizes Krafton's commitment to investing in India's gaming ecosystem and nurturing local talent. With over $200 million already invested since 2021 and more to come, Krafton aims to support the country’s growing gaming industry and develop a robust talent pool.

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

Livemint · 11m ago

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

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.

Tata Electronics taps chip giant NXP to bag orders for fab, OSAT

Economic Times

Economic Times · 2m ago

Tata Electronics taps chip giant NXP to bag orders for fab, OSAT

Tata Electronics is negotiating with Dutch semiconductor giant NXP Semiconductors to onboard them as customers for its upcoming fab in Gujarat and OSAT facility in Assam. This partnership aims to produce high-performance compute chips and power management chips in India. Tata is also courting potential clients like Tesla and emphasizing supply chain resilience with the integration strategy. This move aligns with Tata’s recent collaborations and industry trends for diversification and strengthening semiconductor production capabilities in India.

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