India’s electric vehicle sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India’s CEO Emeritus Rajeev Chaba said. “Competition is limited at this point of time. Numbers are still constrained because consumers don’t have compelling choices,” Chaba told CNBC’s Sri Jegarajah in Gurugram, India. According to … Read more
India’s main opposition party accused Prime Minister Narendra Modi of using hate speech after he called Muslims “infiltrators” — some of his most incendiary rhetoric about the minority faith, days after the country began its weekslong general election. The remarks at a campaign rally Sunday drew fierce criticism that Modi was peddling anti-Muslim tropes. The … Read more
Tesla Inc. has reduced prices for all its vehicles in China, according to its official website, as the US car giant faces stiff competition from China while its boss Elon Musk also had to defer visit to India that would open up a new big market for the company. This move follows price cuts on … Read more
Millions of Indians began voting Friday in a six-week election that’s a referendum on Narendra Modi, the populist prime minister who has championed an assertive brand of Hindu nationalist politics and is seeking a rare third term as the country’s leader. People began queuing up at polling stations hours before they were allowed in at … Read more
Google CEO Sundar Pichai and Apple CEO Tim Cook listen as India’s prime minister, Narendra Modi, speaks during a meeting with senior officials and CEOs of American and Indian companies, in the White House in Washington, D.C., on June 23, 2023. Brendan Smialowski | AFP | Getty Images The ironclad relationship that India Prime Minister … Read more
A worker fixes a flag of the ruling Bharatiya Janata Party on a hoarding of their leader and India’s Prime Minister Narendra Modi on April 15, 2024. Idrees Mohammed | Afp | Getty Images Indians head to the polls on Friday in what will be the world’s largest democratic election, as close to one billion … Read more
On the back of record exports last fiscal, Maruti Suzuki India is confident of its overseas shipments crossing 3 lakh units in FY25 as part of gradual scaling up to meet the target of up to 8 lakh units by 2030, according to a senior company official. The company plans to launch more models in … Read more
New Delhi: India can realistically push its economic growth close to 9 per cent from the current 7 per cent or so, by implementing a few more reforms in the next five years, Chairman of the 16th Finance Commission Arvind Panagariya said on Wednesday. Panagariya said Prime Minister Narendra Modi worked hard over the past … Read more
Indian equities are poised to lure more foreign inflows after the general elections, with the economy’s promising growth prospects and the Federal Reserve’s rate cuts acting as catalysts. That’s the view from Rajiv Batra of JPMorgan Chase & Co., who says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors will … Read more
Around 970 million registered voters are expected to cast their votes for India’s next prime minister. Sajjad Hussain | Afp | Getty Images India will hold the world’s largest general elections starting April this year with nearly a billion voters set to exercise their franchise. The seven-stage election process will start from April 19 and … Read more
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