WILL TESLA DEBUT IGNITE THE EV REVOLUTION IN INDIA?

~kanika

Tesla Motors, one of the biggest name in the automobile industry ,has finally set its foot in the Indian market . It incorporated itself in Bengaluru on January 8 with an authorised capital of Rs 15 lakh and a paid-up capital of Rs 1 lakh registering itself with the Registrar of Companies in India as Tesla India Motors and Energy Private Ltd. The Model 3 sedan will still be Tesla's first car to offerred in India and it will be done through the completely built unit (CBU) route.

Tesla's entry in India may prove to set up some remarkable benchmarks in the automobile industry forcing others to innovate and take up the challenge in order to survive. Moreover , the largest source of climate pollution in India? Transportation .As thinking shifts from fossil fuels to all-electric, visions of a brighter, more optimistic world come into view . Therefore , EV's are a great step forward towards helping and protecting our environment. It may also help to bring down the burden of crude oil imports of our country .

While the news of Tesla’s entry in India has sparkled jubilation among fans , capturing the market can become the company’s hardest challenge so far . Tesla's most affordable model around the globe i.e.model 3 Sedan will cost around Rs 60 lakh in India whereas in US the same model costs around rupees 28 lakh.Buying this will not everyone's cup of tea. Tesla is the most successful electric car company in the US simply because of its supercharger network. That however is absent in India. To enjoy the comfort of Ev's the charging network has to get strong in India .Also there is a serious doubt how efficient the Tesla autopilot system will be on Indian roads.

So, with a combination of some good and a little bad, Tesla is coming to India. Whatever happens, one thing is for sure, it’s going to be exciting.

Comments

Past makes present: Elon Musk 's anti union tweet

Who would have thought that a tweet made in 2018 will cause hassle in someone’s life in 2021. We are talking about none other than Mr. Elon Musk, CEO of Tesla, Inc. He needs no introduction but more than him, his tweets are famous. Elon Musk has been seen tweeting sharp and blunt statements very often but this time he faced serious repercussions as well. Swami Vivekananda rightly said that the present is determined by past actions. It all started in 2018 when Elon musk is his tweet, wrote: “Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues & give up stock options for nothing? Our safety record is 2X better than when plant was UAW & everybody already gets healthcare.” This tweet came in the limelight in 2021 when National Labor Relations Board found it oppressive and threatening. As per NLRB the tweet by Mr. Elon Musk was unlawfully threatening the employees with the loss of stock options if they decided ...

Significance of the “Developed Country” Tag for India

By Xeena Mehta The officials of the United States Trade Representative (USTR) uphold a list of countries that categorises countries as “developing”, “developed”, and “least-developed”. Countries that are classified as “developing” have permissions to export certain goods to the U.S. without being hit by heavy legal tariffs that are bind to be imposed on goods from “developed” countries. The “developing country” tag was originated by U.S. Trade Act of 1974, to aid poor countries develop faster. World Trade Organization also acceded to grant trade benefits to countries that were classified as poor. If noticed we can see that about two-thirds of countries that are members of the WTO classify themselves as “developing” countries and avail fore deals. Any such classification of whether a country is “developing” or not is entirely objective. While the economic progress achieved by India and China have achieved over the last few decades is seen as a valid reason to get rid of their s...

Changing Environment For Local Business In Sri Lanka; Government Initiates The Revolution

Local industries and businesses are the backbone of the economy of any country. Additionally, Sri Lankan Government defines a local company as one with a minimum ownership of 51% of a Sri Lankan. To help these companies grow, the Sri Lankan Finance Ministry has proclaimed a circular enlisting the priorities to the local companies. Moreover, this move from the government may bring some salient alterations in the condition of the local manufacturers. The government has also come with up steps that will augment the local industries across the different domains. These domains include IT sector, construction, etc. The circular, as issued by the government includes relevant documentation regarding sourcing of resources and products. Additionally, sources point towards the fact that the government is hoping to extend support to the domestic sector and help them grow. Besides, the major focus is on the three sectors- IT software and hardware, construction and furniture and allied products. Pos...

Entrepreneur Digest

Search This Blog