Ashok Leyland, M&M, Tata Motors lead selloff in Nifty Auto as Elon Musk’s Tesla firms up India hiring
Tesla’s India hiring is a sign of a potential re-look at an India foray down the road, thus intensifying competition in India’s premium EV space.
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Jayant Mundhra
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Dexter Capital Advisors • 4m
I was amazed to learn that 97% of all 19k buses operated by Tamil Nadu Govt are from Ashok Leyland 🙌🙌
Somehow, when it comes to the Tamil Nadu Govt’s tenders for buses, there is only one winner, whichever party may be in power.
Tata, Eicher, SML
Diving Deep into Minus Zero: The AI Revolution for Indian Roads
🔹 Nature-Inspired AI: Minus Zero pioneers a groundbreaking approach with their Nature-inspired AI (NIA), which mimics human cognition to handle unpredictable road conditions. Unlike
India’s EV market is booming, but it’s still a long road ahead:
📌 1.5M+ EVs sold in 2023, but only ~6% of them were passenger cars.
📌 Tata Motors dominates with 80%+ market share, while MG, Mahindra & BYD are scaling fast.
📌 Charging infra? Still
Meet the man who started a 12,000 CR company at 69.
1. Ashok Soota was famously known as the magic man of the IT industry. In 1978, he took over as CEO of Shriram Refrigeration, which posted losses for four consecutive years and turned it around to
Meet the man who donated 6120 CR worth of his shares to employees.
1. Born in a middle-class Brahmin family in Chennai, R Thyagarajan wanted to be financially independent. As he was looking for money, he saw an advertisement. 🤔
2. In 1961, New Ind
Top News Of the Day:
1. Cross-border payments platform BriskPe raises $5 million seed funding from PayU
2. Home healthcare solution provider Portea Medical has raised around $20 million via rights issue.
3. Tesla CEO Elon Musk expressed his admir
Top News of the Week
1. Funding:
- On a weekly basis, startup funding dropped by nearly 51% to $184.4 million as compared to around $375.52 million raised during the previous week.
- In the growth-stage funding landscape this week, B2B e-commerce
Top News of the Day:
1. OpenAI CEO Sam Altman highlights India's growing significance in AI, noting a tripling of Indian users in the past year.
2. The government-backed Open Network for Digital Commerce (ONDC) postponed its network infrastructure
Top News of the Week
1. Funding:
- On a weekly basis, startup funding dropped by 43.15% to $136.93 million as compared to around $240.85 million raised during the previous week.
- 23 Indian startups collectively secured approximately $137 million
