Tuesday, February 15, 2022

Tesla seeks import duty cuts but gives PLI scheme a skip

CEO Elon Musk, who ended 2021 as the richest person in the world with a personal fortune of $273.5 billion as per Bloomberg Billionaires Index, last month said his company is facing a lot of challenges and working with the government to launch operations in India. The company had registered an Indian arm, Tesla Motors India and Energy, in Bengaluru in January 2021, indicating that it was set to launch vehicles in the country.

from Auto-Industry-Economic Times https://ift.tt/rLxehPa

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...