
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
India’s study-abroad industry gets a crushing reality check
In the last two years, foreign education plans have been dealt a body blow by changes in regulation, a rise in fraudulent activities and misaligned incentives for brokers, students and foreign universities. Indian students are among the worst hit.
Eternal’s leap of faith: exit Goyal, enter Dhindsa
Deepinder Goyal’s handing of Eternal’s reins to Albinder Dhindsa raises uncomfortable questions about timing, risk and whether shareholders are being asked to trust yet another reassuring narrative.
BellaVita’s success has opened the floodgates to cheap fragrance brands
In less than five years, BellaVita has become one of the biggest fragrance brands in India. This has given several others confidence to follow the same playbook and sell cheap perfumes disguised as luxury.





