{
}
Tesla's entry into the Indian market, marked by a new showroom in Mumbai, faces skepticism from local automakers like Tata and Mahindra, who believe they are well-positioned to compete. Analysts suggest that Tesla's premium pricing and the need for local production may hinder its impact, as Indian brands dominate the affordable EV segment. Despite the hype, significant challenges remain for Tesla to disrupt the entrenched market.
Mahindra & Mahindra plans to sell its electric vehicles (EVs) through its existing sales network, allowing customers to choose between internal combustion engine (ICE) cars and EVs. The company has launched two new models, BE 6e and XEV 9e, with deliveries expected in February-March next year. A specialized team will be created at sales outlets to enhance EV sales and service, while the focus will initially be on the domestic market before exploring export opportunities.
Mahindra & Mahindra has announced a Rs 4,500 crore investment for the development of two new electric vehicle brands, the BE 6e and XEV 9e. This funding is part of a larger Rs 16,000 crore capital expenditure plan for the electric vehicle sector from FY22 to FY27. The company is establishing a production capacity of 90,000 units per annum at its Chakan plant.
Rajesh Jejurikar
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Tesla enters Indian market amid skepticism from local automakers
United States Dollar
Indian Rupee
Mahindra & Mahindra Ltd.
CHN
IND
USA
Rajesh Jejurikar
Sajjan Jindal
Anand Mahindra
Elon Musk
Show more
15:14 06.03.2025
Mahindra to sell electric vehicles through existing sales network for customer choice
13:43 01.12.2024
Mahindra invests 4500 crore in new electric vehicle brands development
13:38 27.11.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Banking Regulations
Central Bank Actions
Retail and Consumer Goods
Finance Mergers & Acquisitions
Startups & Entrepreneurship
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Government Economic Policies
CEO Changes
Domestic Politics
Market Analysis and Predictions
Workplace Trends
Government Policies
Supply Chain Management
GDP Growth & Recession Forecasts
Countries:
Companies:
Tesla, Inc.
Apple Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
Berkshire Hathaway Inc.
UBS Group AG
BNP Paribas SA
Banco Santander, S.A.
Lloyds Banking Group plc
SpaceXCoin USD
Bank of America Corporation
NVIDIA Corporation
Jenoptik AG
Air France-KLM
Amazon.com, Inc.
Wells Fargo & Company
Bank Frick AG
Currencies:
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Japanese Yen
Indian Rupee
Chinese Yuan
Canadian Dollar
Vietnamese Đồng
South Korean Won
Australian Dollar
Thai Baht
Indonesian Rupiah
Singapore Dollar
Mexican Peso
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
Cambodian Riel
Myanmar Kyat
People: