
Why read this story?
Editor's note: In November, Didi Chuxing, the Chinese cab-hailing company that drove Uber out of the country, announced that BYD, one of the world’s largest electric car makers, is launching a custom electric car for Didi’s cab fleet. Called the D1, it was made specifically for the kind of use that ride-hailing platforms see. Earlier this week, the news broke that Tesla, the American EV manufacturer that is the industry’s global poster child and now the most valuable automaker in the world, had incorporated an Indian subsidiary. Electric enthusiasts and fans of Tesla (which trades blows with Warren Buffett-backed BYD for the EV sales crown globally) in India rejoiced, but nobody has any clue if, when and how the company will actually launch its products here. What’s more important is that Tesla has been getting serious about the Chinese market first. The company launched its SUV programme there in early January, after setting up a Chinese plant in late 2019. As in many things, China is the next big market, and here, global companies at least have a shot. Local EV makers …
More in Internet
You may also like
Why SoftBank has shunned India
For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.
As its core weakens, Groww looks elsewhere
Ropes in US-based State Street as an investor in its AMC business—part of a diversification drive into longer-term growth lines.
How HealthKart pulled off a D2C pivot to success and profits
In a winner-take-all market, horizontal e-commerce companies should have decimated HealthKart’s reason to exist. In a remarkable turn of events, not only has the company persisted but it is also growing and profitable.





