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Tesla’s apparent red carpet treatment in India an effective tool against rivals

Teslarati

While Tesla has seen notable challenges breaking into India in the past, the electric vehicle maker appears to be receiving a red carpet welcome of sorts this time around. BYD’s sales of pure electric cars lag against Tesla’s, but in terms of raw NEV volumes, the Chinese automaker is far ahead of the American EV company.

India 98
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Stellantis-Leapmotor announces global expansion, to enter India by Q4 of 2024 | Autocar Professional

Baua Electric

Chinese EV brand Leapmotor, which entered into a binding agreement to sign a joint venture (JV) with the Amsterdam-based Stellantis, concluded the deal in a short span of 7 months on Tuesday. In Q4 of 2024, Leapmotor International will enter the South America, Middle East, Africa, India, and Asia Pacific regions, informed Tavares.

India 52
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Is Elon Musk prepared for India? | Autocar Professional

Baua Electric

As the CEO of Tesla, Musk grapples with a tumultuous global landscape, his eyes are set on a new frontier: India, a market that, at this point, presents both promise and peril for Tesla. During the India visit, Musk was expected to announce an investment of USD 2 billion to USD 3 billion, for a factory in India.

India 52
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Kia to launch new Carens EV, two other mass-market EVs in India

Baua Electric

With EV electric vehicle sales surging in India, several automakers are looking to grab their share. The move comes as Kia looks to fend off low-cost Chinese automakers like BYD. Kia’s new plans include introducing more hybrids while focusing on affordable electric cars. It’s expected to start at around $35,000.

Kia 52
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SAIC Motor to invest up to USD 2 billion in India by decade-end, says top executive | Autocar Professional

Baua Electric

SAIC Motor, China’s largest carmaker, plans to invest up to $2 billion in India by this decade’s end and produce and sell over a million vehicles annually along with its joint venture partner JSW Group by then, a top executive told Autocar Professional. “We And the Chinese automaker’s ties with JSW Group could get deeper.

India 52
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BYD India plans 90% market coverage, eyes dominance in Rs 30-lakh EV category | Autocar Professional

Baua Electric

Chinese EV maker BYD, which launched its third product – the BYD Seal EV sedan – in India on March 5, plans to enhance its market coverage from the existing 65 percent to over 90 percent in the coming years. The company says the South is the biggest EV market in India, followed by the North and West, which are almost equal.

India 52
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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

At the current estimated low-speed electric vehicle fleet size, the potential fuel demand displacement could exceed 60,000 barrels per day—2% of current total Chinese gasoline demand. —Gabriel Collins.