Tesla debuts in India with upscale showroom launch in Mumbai
Located in the Bandra-Kurla Complex, an upscale business center in the financial capital Mumbai, the showroom will serve as Tesla's flagship retail and experience outlet as the company introduces its EV lineup to Indian customers.
Tesla's entry to India comes after years of delays and policy friction, marking a pivotal expansion in a fast-growing consumer base while global sales are plunging and the company faces challenges in its two core markets, China and the U.S.
Sales of Tesla electric cars fell sharply from April to June as boycotts over Elon Musk's political views continued keeping buyers away.
Monday Mornings
The latest local business news and a lookahead to the coming week.
For India, Tesla's entry signals rising investor confidence and strengthens its move towards clean mobility.
The country's nascent electric vehicle market made up a little more than 2% of total car sales last year. But the government wants to change that and increase the electric vehicle share to 30% by 2030.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Republicans declared it ‘crypto' week in the House. It's not going as planned
WASHINGTON (AP) — A trio of cryptocurrency bills that had been expected to pass the House this week stalled on Tuesday after a bloc of Republicans unexpectedly joined with Democrats to prevent the legislation from coming up for debate and votes. The procedural snafu brought the House's so-called 'crypto week' to a standstill — and dealt a blow to President Donald Trump, who had strongly urged Republicans to pass the bills as part of his push to make the U.S. the ' crypto capital of the world.' A group of 13 Republicans joined all Democrats in opposition to a procedural vote needed to bring the crypto bills to the floor. Speaker Mike Johnson told reporters it was just part of 'legislative process' and that negotiations were underway between the House, Senate and White House. He suggested they could try again Tuesday evening. 'We expected there might be some 'no' votes, but we thought it was important to put it on the floor to advance it because time's of the essence on this,' Johnson said. 'So stay tuned. We'll have lots of discussions over the next few hours.' But just hours later, House leadership canceled votes for the remainder of the day, potentially throwing the crypto bills into limbo. The stalled legislation includes a Senate-passed bill to regulate a form of cryptocurrency known as stablecoins, along with far more sweeping measures aiming to address cryptocurrency market structure. Another bill would prohibit the Federal Reserve from issuing a central bank digital currency. The disagreement blocking the bills from advancing centers on how the three bills would be passed. Johnson explained that 'some of these guys insist that it needs to be all in one package.' Packaging the bills would require them to be sent back to the Senate, since the chamber has only taken up one of the three bills so far. Rep. Glenn Thompson of Pennsylvania, a Republican co-sponsor of one of the cryptocurrency bills, told reporters that some of the Republicans wanted to package the bills together due to them 'not having a lot of faith in the Senate moving our legislation.' Trump and Republican leaders have called on the House to pass the bills individually, so that the stablecoin legislation can get to Trump's desk for his signature before an August recess. The stablecoin legislation took the Senate nearly a month and half to pass, and the more sweeping market structure legislation is expected to take even longer. In a post Tuesday morning on social media, Trump called on Republicans to advance the crypto bills that afternoon, saying that 'all Republicans should vote 'yes.'' Asked Tuesday evening about the stalled legislation, Trump told reporters that Republicans who voted against it wanted it to be 'stronger.' Trump has pushed hard for the passage of the stablecoin legislation, with him and his family standing to profit from a boost to stablecoins. They hold a significant stake in World Liberty Financial, a crypto project that recently launched its own stablecoin, USD1. The stablecoin legislation passed by the Senate includes a provision that bars members of Congress and their families from profiting off stablecoins. But notably, that prohibition does not apply to the president or his family, even as Trump builds what some are calling a crypto empire from the White House. The cryptocurrency industry hopes the bills as a whole will aid in their push for legitimacy and increasing consumer trust. And road bumps like those seen Tuesday may not have been expected after spending heavily in the 2024 election to elect a large number of crypto-friendly lawmakers. Faryar Shirzad, chief policy officer of Coinbase, the nation's largest cryptocurrency exchange, said in a statement after the failed procedural vote that 'every few steps forward there's inevitably a step back.' Monday Mornings The latest local business news and a lookahead to the coming week. 'It's in these moments we'll see who is trying to get pro-crypto legislation done and who is not,' Shirzad said on social media. Passage of the bills could have implications on the 2026 midterm races. Fairshake, a crypto super political action committee, said that it and its affiliated organizations already have more than $140 million in the bank ready to spend on midterm races. 'The voters last year were clear — Congress needs to stop playing politics with crypto and finally pass responsible regulation,' said Josh Vlasto, spokesperson for Fairshake. 'We are building an aggressive, targeted strategy for next year to ensure that pro-crypto voices are heard in key races across the country.' ___ Associated Press writer Lisa Mascaro contributed to this report.
Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
Cuban minister faces backlash for saying there are no beggars in Cuba
HAVANA (AP) — A Cuban minister sparked criticism Tuesday, including from the president, after saying that there are no beggars in Cuba, only people disguised as such, and suggesting that those who clean windshields at crossroads have an 'easy' life. Cuba's Minister of Labor and Social Security, Marta Elena Feitó Cabrera, made the comments on Monday before deputies in a National Assembly committee. They went viral, prompting calls for Feitós' impeachment and a wave of criticism in a country experiencing a tough economic situation in recent years. The economic crisis in Cuba has increased social vulnerability and led to unusual scenes for the island, such as people — especially the elderly — begging or scavenging through garbage, or some cleaning windshields at corners. 'We have seen people, apparently beggars, (but) when you look at their hands, look at the clothes these people are wearing, they are disguised as beggars, they are not beggars,' Feitó said before the National Assembly committee. 'In Cuba there are no beggars.' She added that people cleaning windshields use the money to 'drink alcohol.' Feitó also lashed out against those who search through the garbage dumps. She said they are recovering materials 'to resell and not pay tax.' Without mentioning her name, but referring to the meeting at the National Assembly committee where Feitó participated, President Miguel Díaz-Canel said on his X account: 'the lack of sensitivity in addressing vulnerability is highly questionable. The revolution cannot leave anyone behind; that is our motto, our militant responsibility.' Until a few years ago, despite the poverty, there were no signs of begging or homelessness on the island thanks to benefits that have now been greatly reduced. The pension of a retiree is about 2,000 Cuban pesos per month, roughly $5 on the informal market, and just under the cost of a carton of eggs. For those who don't receive remittances from family abroad, it means going hungry. Self-employed Enrique Guillén believes the minister is wrong and that some people do not see the situation clearly, and hopes the government will take action. 'They are elderly people who count on a pension that does not exist. They cannot even buy a carton of eggs. It is the reality we are living in Cuba,' Guillén said. On Monday, island authorities reported that Cuba's gross domestic product fell by 1.1% in 2024, accumulating a decline of 11% over the past five years.
Winnipeg Free Press
3 hours ago
- Winnipeg Free Press
Global views of China and Xi improve, while they decline about the US and Trump, survey says
WASHINGTON (AP) — Views of China and its leader, Xi Jinping, have improved in many countries worldwide, while those of the U.S. and President Donald Trump have deteriorated, according to a new survey of about two dozen countries by the Pew Research Center. Released Tuesday, the survey shows that international views of the two superpowers and their leaders are closer than ever. The results are a drastic departure from those in the past several years when the U.S. and its leader — then-President Joe Biden — enjoyed more favorable international views than China and its president. In its latest survey of 24 countries, Pew found that the U.S. was viewed more favorably than China in eight countries, China was viewed more favorably in seven, and the two were viewed about equally in the remainder. Pew did not provide definitive explanations for the shifts, but Laura Silver, associate director of research, said it's possible that views of a country may change when those of another superpower shift. 'As the U.S. potentially looks like a less reliable partner and people have limited confidence, for example, in Trump to lead the global economy, China may look different in some people's eyes,' Silver said. Also, China's human rights policies and its handling of the pandemic — which were related to negative views of the country in the past — may not weigh as much this time, she said. A group of Democratic senators this week accused the Trump administration of ceding global influence to China by shuttering foreign aid programs, imposing tariffs on allies, cracking down on elite universities and restricting visas for international students. In the Pew findings, 35% of those in 10 high-income countries surveyed consistently — including Canada, France, Germany and Italy — have favorable opinions of the U.S., down from 51% from last year. By comparison, 32% of them have positive views of China, up from last year's 23%. And 24% of them say they have confidence in Trump, compared with 53% last year for Biden. Xi scored a slight improvement: 22% of those in these rich countries say they have confidence in the Chinese president, up from last year's 17%. However, people in Israel have far more favorable views of the U.S. than of China: 83% of Israelis like the U.S., compared with 33% who say they have positive views of China. And 69% of them say they have confidence in Trump, while only 9% express confidence in Xi. Pew surveyed more than 30,000 people across 25 countries — including the U.S., which was excluded from the comparison — from Jan. 8 to April 26. The margins of error for each country ranged from plus or minus 2.5 to plus or minus 4.7. ___ AP writers Emily Swanson and Linley Sanders contributed to this report.
