Latest news with #A120
The Advertiser
4 days ago
- Automotive
- The Advertiser
Tesla makes India debut with upscale showroom launch
Tesla has opened its first showroom in India, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market. In the Bandra-Kurla Complex, an upscale business centre in the financial capital Mumbai, the showroom will serve as Tesla's flagship retail and experience outlet as the company introduces its EV line-up 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 US. Sales of Tesla electric cars fell sharply from April to June as boycotts over tech billionaire Elon Musk's political views continued keeping buyers away. 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 two per cent of total car sales in 2024. But the government wants to change that and increase the electric vehicle share to 30 per cent by 2030. Tesla will begin by importing and selling its popular Y model cars in India. The base price would be 6.78 million rupees ($A120,000) for the long-range, rear-wheel drive vehicle, according to a presentation by the company during the showroom launch on Tuesday. By comparison, the price tag is about $US44,990 ($A69,000) in the US without a federal tax credit. The rear-wheel drive will sell for about six million rupees in India. Delivery was expected to start from the third quarter, Tesla officials said. Tesla's higher pricing is likely to make its cars unaffordable for most Indians. Tesla will compete mostly with German luxury car makers such as BMW and Mercedes Benz Group AG, and not budget Indian players such as Tata Motors and Mahindra & Mahindra. The luxury car market makes up just about one per cent of total vehicle sales The debut by American EV giant, however, would bring in world-class technology to the country, auto analysts said. Prime Minister Narendra Modi's government has wooed Tesla for years for its global brand value and to boost the country's clean energy endeavours. Tesla has opened its first showroom in India, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market. In the Bandra-Kurla Complex, an upscale business centre in the financial capital Mumbai, the showroom will serve as Tesla's flagship retail and experience outlet as the company introduces its EV line-up 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 US. Sales of Tesla electric cars fell sharply from April to June as boycotts over tech billionaire Elon Musk's political views continued keeping buyers away. 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 two per cent of total car sales in 2024. But the government wants to change that and increase the electric vehicle share to 30 per cent by 2030. Tesla will begin by importing and selling its popular Y model cars in India. The base price would be 6.78 million rupees ($A120,000) for the long-range, rear-wheel drive vehicle, according to a presentation by the company during the showroom launch on Tuesday. By comparison, the price tag is about $US44,990 ($A69,000) in the US without a federal tax credit. The rear-wheel drive will sell for about six million rupees in India. Delivery was expected to start from the third quarter, Tesla officials said. Tesla's higher pricing is likely to make its cars unaffordable for most Indians. Tesla will compete mostly with German luxury car makers such as BMW and Mercedes Benz Group AG, and not budget Indian players such as Tata Motors and Mahindra & Mahindra. The luxury car market makes up just about one per cent of total vehicle sales The debut by American EV giant, however, would bring in world-class technology to the country, auto analysts said. Prime Minister Narendra Modi's government has wooed Tesla for years for its global brand value and to boost the country's clean energy endeavours. Tesla has opened its first showroom in India, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market. In the Bandra-Kurla Complex, an upscale business centre in the financial capital Mumbai, the showroom will serve as Tesla's flagship retail and experience outlet as the company introduces its EV line-up 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 US. Sales of Tesla electric cars fell sharply from April to June as boycotts over tech billionaire Elon Musk's political views continued keeping buyers away. 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 two per cent of total car sales in 2024. But the government wants to change that and increase the electric vehicle share to 30 per cent by 2030. Tesla will begin by importing and selling its popular Y model cars in India. The base price would be 6.78 million rupees ($A120,000) for the long-range, rear-wheel drive vehicle, according to a presentation by the company during the showroom launch on Tuesday. By comparison, the price tag is about $US44,990 ($A69,000) in the US without a federal tax credit. The rear-wheel drive will sell for about six million rupees in India. Delivery was expected to start from the third quarter, Tesla officials said. Tesla's higher pricing is likely to make its cars unaffordable for most Indians. Tesla will compete mostly with German luxury car makers such as BMW and Mercedes Benz Group AG, and not budget Indian players such as Tata Motors and Mahindra & Mahindra. The luxury car market makes up just about one per cent of total vehicle sales The debut by American EV giant, however, would bring in world-class technology to the country, auto analysts said. Prime Minister Narendra Modi's government has wooed Tesla for years for its global brand value and to boost the country's clean energy endeavours. Tesla has opened its first showroom in India, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market. In the Bandra-Kurla Complex, an upscale business centre in the financial capital Mumbai, the showroom will serve as Tesla's flagship retail and experience outlet as the company introduces its EV line-up 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 US. Sales of Tesla electric cars fell sharply from April to June as boycotts over tech billionaire Elon Musk's political views continued keeping buyers away. 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 two per cent of total car sales in 2024. But the government wants to change that and increase the electric vehicle share to 30 per cent by 2030. Tesla will begin by importing and selling its popular Y model cars in India. The base price would be 6.78 million rupees ($A120,000) for the long-range, rear-wheel drive vehicle, according to a presentation by the company during the showroom launch on Tuesday. By comparison, the price tag is about $US44,990 ($A69,000) in the US without a federal tax credit. The rear-wheel drive will sell for about six million rupees in India. Delivery was expected to start from the third quarter, Tesla officials said. Tesla's higher pricing is likely to make its cars unaffordable for most Indians. Tesla will compete mostly with German luxury car makers such as BMW and Mercedes Benz Group AG, and not budget Indian players such as Tata Motors and Mahindra & Mahindra. The luxury car market makes up just about one per cent of total vehicle sales The debut by American EV giant, however, would bring in world-class technology to the country, auto analysts said. Prime Minister Narendra Modi's government has wooed Tesla for years for its global brand value and to boost the country's clean energy endeavours.
Perth Now
4 days ago
- Automotive
- Perth Now
Tesla makes India debut with upscale showroom launch
Tesla has opened its first showroom in India, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market. In the Bandra-Kurla Complex, an upscale business centre in the financial capital Mumbai, the showroom will serve as Tesla's flagship retail and experience outlet as the company introduces its EV line-up 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 US. Sales of Tesla electric cars fell sharply from April to June as boycotts over tech billionaire Elon Musk's political views continued keeping buyers away. 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 two per cent of total car sales in 2024. But the government wants to change that and increase the electric vehicle share to 30 per cent by 2030. Tesla will begin by importing and selling its popular Y model cars in India. The base price would be 6.78 million rupees ($A120,000) for the long-range, rear-wheel drive vehicle, according to a presentation by the company during the showroom launch on Tuesday. By comparison, the price tag is about $US44,990 ($A69,000) in the US without a federal tax credit. The rear-wheel drive will sell for about six million rupees in India. Delivery was expected to start from the third quarter, Tesla officials said. Tesla's higher pricing is likely to make its cars unaffordable for most Indians. Tesla will compete mostly with German luxury car makers such as BMW and Mercedes Benz Group AG, and not budget Indian players such as Tata Motors and Mahindra & Mahindra. The luxury car market makes up just about one per cent of total vehicle sales The debut by American EV giant, however, would bring in world-class technology to the country, auto analysts said. Prime Minister Narendra Modi's government has wooed Tesla for years for its global brand value and to boost the country's clean energy endeavours.
West Australian
4 days ago
- Automotive
- West Australian
Tesla makes India debut with upscale showroom launch
Tesla has opened its first showroom in India, marking the electric vehicle maker's long-anticipated debut in the world's third-biggest automotive market. In the Bandra-Kurla Complex, an upscale business centre in the financial capital Mumbai, the showroom will serve as Tesla's flagship retail and experience outlet as the company introduces its EV line-up 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 US. Sales of Tesla electric cars fell sharply from April to June as boycotts over tech billionaire Elon Musk's political views continued keeping buyers away. 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 two per cent of total car sales in 2024. But the government wants to change that and increase the electric vehicle share to 30 per cent by 2030. Tesla will begin by importing and selling its popular Y model cars in India. The base price would be 6.78 million rupees ($A120,000) for the long-range, rear-wheel drive vehicle, according to a presentation by the company during the showroom launch on Tuesday. By comparison, the price tag is about $US44,990 ($A69,000) in the US without a federal tax credit. The rear-wheel drive will sell for about six million rupees in India. Delivery was expected to start from the third quarter, Tesla officials said. Tesla's higher pricing is likely to make its cars unaffordable for most Indians. Tesla will compete mostly with German luxury car makers such as BMW and Mercedes Benz Group AG, and not budget Indian players such as Tata Motors and Mahindra & Mahindra. The luxury car market makes up just about one per cent of total vehicle sales The debut by American EV giant, however, would bring in world-class technology to the country, auto analysts said. Prime Minister Narendra Modi's government has wooed Tesla for years for its global brand value and to boost the country's clean energy endeavours.
The Advertiser
03-07-2025
- Business
- The Advertiser
Thousands of jobs go as Microsoft trims workforce again
Microsoft says it is laying off about 9000 workers, its second mass axing in months and its largest in more than two years. The tech giant began sending out lay-off notices on Wednesday that hit the company's Xbox video game business and other divisions. Among those losing their jobs are 830 workers tied to Microsoft's headquarters in Redmond, Washington, according to a notice sent to state officials on Wednesday. Microsoft said the cuts will affect multiple teams around the world, including its sales division, part of organisational changes needed to succeed in a "dynamic marketplace". The company won't say the total number of lay-offs except that it was about four per cent of the workforce it had a year ago. A memo to gaming division employees from Xbox CEO Phil Spencer said the cuts would position the video game business "for enduring success and allow us to focus on strategic growth areas". Xbox would "follow Microsoft's lead in removing layers of management to increase agility and effectiveness," Spencer wrote. Microsoft employed 228,000 full-time workers as of June 2024, the last time it reported its annual headcount. Its latest lay-offs would cut fewer than four per cent of that workforce, according to Microsoft. But it has already had at least three lay-offs this year and it's unlikely that new hiring has matched the amount lost. Either way, a four per cent cut would amount to somewhere in the range of 9000 people. Until now, this year's biggest lay-off was in May, when Microsoft began laying off about 6000 workers, nearly three per cent of its global workforce and its largest job cuts in more than two years. The cutbacks come as Microsoft continues to invest huge amounts of money in the data centres, specialised computer chips and other infrastructure needed to advance its AI ambitions. The company anticipated those expenses would cost it about $US80 billion ($A120 billion) in the last fiscal year. Its new fiscal year began on Tuesday. Microsoft's chief financial officer Amy Hood said on an April earnings call that the company was focused on "building high-performing teams and increasing our agility by reducing layers with fewer managers". The trimming of the Xbox staff follows Microsoft's years-long expansion of the business surrounding its gaming console, culminating in 2023 with the $US75.4 billion ($A115 billion) acquisition of Activision Blizzard - the California-based maker of hit franchises like Call of Duty and Candy Crush. Microsoft says it is laying off about 9000 workers, its second mass axing in months and its largest in more than two years. The tech giant began sending out lay-off notices on Wednesday that hit the company's Xbox video game business and other divisions. Among those losing their jobs are 830 workers tied to Microsoft's headquarters in Redmond, Washington, according to a notice sent to state officials on Wednesday. Microsoft said the cuts will affect multiple teams around the world, including its sales division, part of organisational changes needed to succeed in a "dynamic marketplace". The company won't say the total number of lay-offs except that it was about four per cent of the workforce it had a year ago. A memo to gaming division employees from Xbox CEO Phil Spencer said the cuts would position the video game business "for enduring success and allow us to focus on strategic growth areas". Xbox would "follow Microsoft's lead in removing layers of management to increase agility and effectiveness," Spencer wrote. Microsoft employed 228,000 full-time workers as of June 2024, the last time it reported its annual headcount. Its latest lay-offs would cut fewer than four per cent of that workforce, according to Microsoft. But it has already had at least three lay-offs this year and it's unlikely that new hiring has matched the amount lost. Either way, a four per cent cut would amount to somewhere in the range of 9000 people. Until now, this year's biggest lay-off was in May, when Microsoft began laying off about 6000 workers, nearly three per cent of its global workforce and its largest job cuts in more than two years. The cutbacks come as Microsoft continues to invest huge amounts of money in the data centres, specialised computer chips and other infrastructure needed to advance its AI ambitions. The company anticipated those expenses would cost it about $US80 billion ($A120 billion) in the last fiscal year. Its new fiscal year began on Tuesday. Microsoft's chief financial officer Amy Hood said on an April earnings call that the company was focused on "building high-performing teams and increasing our agility by reducing layers with fewer managers". The trimming of the Xbox staff follows Microsoft's years-long expansion of the business surrounding its gaming console, culminating in 2023 with the $US75.4 billion ($A115 billion) acquisition of Activision Blizzard - the California-based maker of hit franchises like Call of Duty and Candy Crush. Microsoft says it is laying off about 9000 workers, its second mass axing in months and its largest in more than two years. The tech giant began sending out lay-off notices on Wednesday that hit the company's Xbox video game business and other divisions. Among those losing their jobs are 830 workers tied to Microsoft's headquarters in Redmond, Washington, according to a notice sent to state officials on Wednesday. Microsoft said the cuts will affect multiple teams around the world, including its sales division, part of organisational changes needed to succeed in a "dynamic marketplace". The company won't say the total number of lay-offs except that it was about four per cent of the workforce it had a year ago. A memo to gaming division employees from Xbox CEO Phil Spencer said the cuts would position the video game business "for enduring success and allow us to focus on strategic growth areas". Xbox would "follow Microsoft's lead in removing layers of management to increase agility and effectiveness," Spencer wrote. Microsoft employed 228,000 full-time workers as of June 2024, the last time it reported its annual headcount. Its latest lay-offs would cut fewer than four per cent of that workforce, according to Microsoft. But it has already had at least three lay-offs this year and it's unlikely that new hiring has matched the amount lost. Either way, a four per cent cut would amount to somewhere in the range of 9000 people. Until now, this year's biggest lay-off was in May, when Microsoft began laying off about 6000 workers, nearly three per cent of its global workforce and its largest job cuts in more than two years. The cutbacks come as Microsoft continues to invest huge amounts of money in the data centres, specialised computer chips and other infrastructure needed to advance its AI ambitions. The company anticipated those expenses would cost it about $US80 billion ($A120 billion) in the last fiscal year. Its new fiscal year began on Tuesday. Microsoft's chief financial officer Amy Hood said on an April earnings call that the company was focused on "building high-performing teams and increasing our agility by reducing layers with fewer managers". The trimming of the Xbox staff follows Microsoft's years-long expansion of the business surrounding its gaming console, culminating in 2023 with the $US75.4 billion ($A115 billion) acquisition of Activision Blizzard - the California-based maker of hit franchises like Call of Duty and Candy Crush. Microsoft says it is laying off about 9000 workers, its second mass axing in months and its largest in more than two years. The tech giant began sending out lay-off notices on Wednesday that hit the company's Xbox video game business and other divisions. Among those losing their jobs are 830 workers tied to Microsoft's headquarters in Redmond, Washington, according to a notice sent to state officials on Wednesday. Microsoft said the cuts will affect multiple teams around the world, including its sales division, part of organisational changes needed to succeed in a "dynamic marketplace". The company won't say the total number of lay-offs except that it was about four per cent of the workforce it had a year ago. A memo to gaming division employees from Xbox CEO Phil Spencer said the cuts would position the video game business "for enduring success and allow us to focus on strategic growth areas". Xbox would "follow Microsoft's lead in removing layers of management to increase agility and effectiveness," Spencer wrote. Microsoft employed 228,000 full-time workers as of June 2024, the last time it reported its annual headcount. Its latest lay-offs would cut fewer than four per cent of that workforce, according to Microsoft. But it has already had at least three lay-offs this year and it's unlikely that new hiring has matched the amount lost. Either way, a four per cent cut would amount to somewhere in the range of 9000 people. Until now, this year's biggest lay-off was in May, when Microsoft began laying off about 6000 workers, nearly three per cent of its global workforce and its largest job cuts in more than two years. The cutbacks come as Microsoft continues to invest huge amounts of money in the data centres, specialised computer chips and other infrastructure needed to advance its AI ambitions. The company anticipated those expenses would cost it about $US80 billion ($A120 billion) in the last fiscal year. Its new fiscal year began on Tuesday. Microsoft's chief financial officer Amy Hood said on an April earnings call that the company was focused on "building high-performing teams and increasing our agility by reducing layers with fewer managers". The trimming of the Xbox staff follows Microsoft's years-long expansion of the business surrounding its gaming console, culminating in 2023 with the $US75.4 billion ($A115 billion) acquisition of Activision Blizzard - the California-based maker of hit franchises like Call of Duty and Candy Crush.
Perth Now
03-07-2025
- Business
- Perth Now
Thousands of jobs go as Microsoft trims workforce again
Microsoft says it is laying off about 9000 workers, its second mass axing in months and its largest in more than two years. The tech giant began sending out lay-off notices on Wednesday that hit the company's Xbox video game business and other divisions. Among those losing their jobs are 830 workers tied to Microsoft's headquarters in Redmond, Washington, according to a notice sent to state officials on Wednesday. Microsoft said the cuts will affect multiple teams around the world, including its sales division, part of organisational changes needed to succeed in a "dynamic marketplace". The company won't say the total number of lay-offs except that it was about four per cent of the workforce it had a year ago. A memo to gaming division employees from Xbox CEO Phil Spencer said the cuts would position the video game business "for enduring success and allow us to focus on strategic growth areas". Xbox would "follow Microsoft's lead in removing layers of management to increase agility and effectiveness," Spencer wrote. Microsoft employed 228,000 full-time workers as of June 2024, the last time it reported its annual headcount. Its latest lay-offs would cut fewer than four per cent of that workforce, according to Microsoft. But it has already had at least three lay-offs this year and it's unlikely that new hiring has matched the amount lost. Either way, a four per cent cut would amount to somewhere in the range of 9000 people. Until now, this year's biggest lay-off was in May, when Microsoft began laying off about 6000 workers, nearly three per cent of its global workforce and its largest job cuts in more than two years. The cutbacks come as Microsoft continues to invest huge amounts of money in the data centres, specialised computer chips and other infrastructure needed to advance its AI ambitions. The company anticipated those expenses would cost it about $US80 billion ($A120 billion) in the last fiscal year. Its new fiscal year began on Tuesday. Microsoft's chief financial officer Amy Hood said on an April earnings call that the company was focused on "building high-performing teams and increasing our agility by reducing layers with fewer managers". The trimming of the Xbox staff follows Microsoft's years-long expansion of the business surrounding its gaming console, culminating in 2023 with the $US75.4 billion ($A115 billion) acquisition of Activision Blizzard - the California-based maker of hit franchises like Call of Duty and Candy Crush.
