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Tesla scouts for showroom space in India, hires executive for lobbying - sources

Tesla scouts for showroom space in India, hires executive for lobbying - sources

By , NEW DELHI (Reuters) - Tesla Inc is scouting for locations to open showrooms in three Indian cities and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country, sources familiar with the discussions told Reuters.The electric-car maker in January registered a local company in India, where it is expected to import and sell the Model 3 sedan by as early as mid-2021, seeking to target rich customers in a niche market.The world’s most valuable automaker by market capitalisation is looking for commercial properties as large as 20,000-30,000...

April 8, 2021
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U.S. defense secretary urges India to avoid buying Russian equipment

U.S. defense secretary urges India to avoid buying Russian equipment

By , NEW DELHI (Reuters) - U.S. Defense Secretary Lloyd Austin discussed India’s planned purchase of Russia’s S400 air defence system at a meeting with his Indian counterpart on Saturday, reiterating U.S. allies should steer clear of Russian equipment to avoid sanctions.Slideshow “We certainly urge all our allies, our partners to move away from Russian equipment ... and really avoid any kind of acquisitions that would trigger sanctions on our behalf,” Austin told reporters in New Delhi.No S400 systems have been delivered to India and so the possibility of sanctions was not discussed, he...

March 20, 2021
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U.S. defense secretary urges India to avoid buying Russian equipment

U.S. defense secretary urges India to avoid buying Russian equipment

By , NEW DELHI (Reuters) - U.S. Defense Secretary Lloyd Austin discussed India’s planned purchase of Russia’s S400 air defence system at a meeting with his Indian counterpart on Saturday, reiterating U.S. allies should steer clear of Russian equipment to avoid sanctions.Slideshow “We certainly urge all our allies, our partners to move away from Russian equipment ... and really avoid any kind of acquisitions that would trigger sanctions on our behalf,” Austin told reporters in New Delhi.No S400 systems have been delivered to India and so the possibility of sanctions was not discussed, he...

March 20, 2021
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Exclusive: India woos Tesla with offer of cheaper production costs than China

Exclusive: India woos Tesla with offer of cheaper production costs than China

By , NEW DELHI (Reuters) - India is ready to offer incentives to ensure Tesla Inc’s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari told Reuters.Gadkari’s pitch comes weeks after billionaire Elon Musk’s Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021. Sources familiar with the matter have said Tesla plans to start by importing and selling its Model 3 electric sedan in India.“Rather than assembling (the cars) in India...

March 2, 2021
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Exclusive: India woos Tesla with offer of cheaper production costs than China

Exclusive: India woos Tesla with offer of cheaper production costs than China

By , NEW DELHI (Reuters) - India is ready to offer incentives to ensure Tesla Inc’s cost of production would be less than in China if the carmaker commits to making its electric vehicles in the south Asian country, transport minister Nitin Gadkari told Reuters.Gadkari’s pitch comes weeks after billionaire Elon Musk’s Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021. Sources familiar with the matter have said Tesla plans to start by importing and selling its Model 3 electric sedan in India.“Rather than assembling (the cars) in India...

March 2, 2021
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Mahindra to focus on SUVs, electric after ending Ford JV talks

Mahindra to focus on SUVs, electric after ending Ford JV talks

By NEW DELHI (Reuters) - Mahindra & Mahindra Ltd will focus on developing its core portfolio of sport-utility vehicles (SUVs) and their electric version, a senior executive said on Friday after the company ended joint venture talks with Ford Motor Co.Anish Shah, the deputy managing director, said Mahindra will focus mainly on large SUVs for its core India market in the short term and move to electric in the medium term, as it charts a new strategy for its automotive business.“We are going back to our core,” Shah, who will take over as managing director from April, told Reuters.“We are...

January 1, 2021
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From small businesses to farmers, middle India is driving demand

From small businesses to farmers, middle India is driving demand

By , NEW DELHI/MUMBAI (Reuters) - Manish Mehra, owner of Washex Hospitality, an industrial laundry service, recently flew from Delhi to Jodhpur, a city in north-western India, to win a contract to service a large, government-run hospital - a move essential to kickstarting his business.“For a new relationship it is essential to know each other before you can establish the trust and confidence to work online and that need is higher in case of government departments,” said Mehra, who had to stay for a week in a Jodhpur hotel.Increased demand for air travel and hotel stays by small business...

November 29, 2020
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Delhi to use 500 railway coaches as hospital facilities to fight coronavirus

Delhi to use 500 railway coaches as hospital facilities to fight coronavirus

By NEW DELHI (Reuters) - India’s federal government said on Sunday it will provide New Delhi’s city authorities with 500 railway coaches that will be equipped to care for coronavirus patients, after a surge in the number of cases led to a shortage of hospital beds.The coaches will increase Delhi’s capacity by 8,000 beds, home minister Amit Shah said on Twitter after a meeting with the capital’s chief minister.The government will also ramp up testing in the city, especially in containment zones, conduct a door-to-door health survey of residents and provide sufficient supplies of oxygen...

June 14, 2020
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