Latest news with #US44
The Advertiser
15-07-2025
- 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
15-07-2025
- 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
15-07-2025
- 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
09-07-2025
- Business
- The Advertiser
Yaccarino resigns after two years as CEO of X
X CEO Linda Yaccarino says she is stepping down after two years running Elon Musk's social media platform. Yaccarino posted a positive message on Wednesday about her tenure at the company formerly known as Twitter and said "the best is yet to come as X enters a new chapter with" Musk's artificial intelligence company xAI, maker of the chatbot Grok. Musk hired Yaccarino, a veteran ad executive, in May 2023 after buying Twitter for $US44 billion ($A67 billion) in late 2022. He said at the time that Yaccarino's role would be focused mainly on running the company's business operations, leaving him to focus on product design and new technology. In accepting the job, Yaccarino was taking on the challenge of getting big brands back to advertising on the social media platform after months of upheaval following Musk's takeover. A number of companies had pulled back on ad spending - the platform's chief source of revenue - over concerns that Musk's thinning of content restrictions was enabling hateful and toxic speech to flourish. "When Elon Musk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company," Yaccarino wrote. "I'm immensely grateful to him for entrusting me with the responsibility of protecting free speech, turning the company around, and transforming X into the Everything App." with DPA X CEO Linda Yaccarino says she is stepping down after two years running Elon Musk's social media platform. Yaccarino posted a positive message on Wednesday about her tenure at the company formerly known as Twitter and said "the best is yet to come as X enters a new chapter with" Musk's artificial intelligence company xAI, maker of the chatbot Grok. Musk hired Yaccarino, a veteran ad executive, in May 2023 after buying Twitter for $US44 billion ($A67 billion) in late 2022. He said at the time that Yaccarino's role would be focused mainly on running the company's business operations, leaving him to focus on product design and new technology. In accepting the job, Yaccarino was taking on the challenge of getting big brands back to advertising on the social media platform after months of upheaval following Musk's takeover. A number of companies had pulled back on ad spending - the platform's chief source of revenue - over concerns that Musk's thinning of content restrictions was enabling hateful and toxic speech to flourish. "When Elon Musk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company," Yaccarino wrote. "I'm immensely grateful to him for entrusting me with the responsibility of protecting free speech, turning the company around, and transforming X into the Everything App." with DPA X CEO Linda Yaccarino says she is stepping down after two years running Elon Musk's social media platform. Yaccarino posted a positive message on Wednesday about her tenure at the company formerly known as Twitter and said "the best is yet to come as X enters a new chapter with" Musk's artificial intelligence company xAI, maker of the chatbot Grok. Musk hired Yaccarino, a veteran ad executive, in May 2023 after buying Twitter for $US44 billion ($A67 billion) in late 2022. He said at the time that Yaccarino's role would be focused mainly on running the company's business operations, leaving him to focus on product design and new technology. In accepting the job, Yaccarino was taking on the challenge of getting big brands back to advertising on the social media platform after months of upheaval following Musk's takeover. A number of companies had pulled back on ad spending - the platform's chief source of revenue - over concerns that Musk's thinning of content restrictions was enabling hateful and toxic speech to flourish. "When Elon Musk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company," Yaccarino wrote. "I'm immensely grateful to him for entrusting me with the responsibility of protecting free speech, turning the company around, and transforming X into the Everything App." with DPA X CEO Linda Yaccarino says she is stepping down after two years running Elon Musk's social media platform. Yaccarino posted a positive message on Wednesday about her tenure at the company formerly known as Twitter and said "the best is yet to come as X enters a new chapter with" Musk's artificial intelligence company xAI, maker of the chatbot Grok. Musk hired Yaccarino, a veteran ad executive, in May 2023 after buying Twitter for $US44 billion ($A67 billion) in late 2022. He said at the time that Yaccarino's role would be focused mainly on running the company's business operations, leaving him to focus on product design and new technology. In accepting the job, Yaccarino was taking on the challenge of getting big brands back to advertising on the social media platform after months of upheaval following Musk's takeover. A number of companies had pulled back on ad spending - the platform's chief source of revenue - over concerns that Musk's thinning of content restrictions was enabling hateful and toxic speech to flourish. "When Elon Musk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company," Yaccarino wrote. "I'm immensely grateful to him for entrusting me with the responsibility of protecting free speech, turning the company around, and transforming X into the Everything App." with DPA
Perth Now
09-07-2025
- Business
- Perth Now
Yaccarino resigns after two years as CEO of X
X CEO Linda Yaccarino says she is stepping down after two years running Elon Musk's social media platform. Yaccarino posted a positive message on Wednesday about her tenure at the company formerly known as Twitter and said "the best is yet to come as X enters a new chapter with" Musk's artificial intelligence company xAI, maker of the chatbot Grok. Musk hired Yaccarino, a veteran ad executive, in May 2023 after buying Twitter for $US44 billion ($A67 billion) in late 2022. After two incredible years, I've decided to step down as CEO of 𝕏. When @elonmusk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company. I'm immensely grateful to him for entrusting me…— Linda Yaccarino (@lindayaX) July 9, 2025 He said at the time that Yaccarino's role would be focused mainly on running the company's business operations, leaving him to focus on product design and new technology. In accepting the job, Yaccarino was taking on the challenge of getting big brands back to advertising on the social media platform after months of upheaval following Musk's takeover. A number of companies had pulled back on ad spending - the platform's chief source of revenue - over concerns that Musk's thinning of content restrictions was enabling hateful and toxic speech to flourish. "When Elon Musk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company," Yaccarino wrote. "I'm immensely grateful to him for entrusting me with the responsibility of protecting free speech, turning the company around, and transforming X into the Everything App." with DPA
