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Elon Musk to Travel to India as Part of Tesla’s Strategic Growth Plans

Herald Bureau4 hours ago4 hours ago02 mins

Tech magnate Elon Musk, CEO of Tesla and SpaceX, has announced plans to visit India later this year, igniting excitement in the country’s tech and business sectors. This visit comes after recent discussions with Indian Prime Minister Narendra Modi, focusing on fostering collaboration in technology, renewable energy, and space exploration.

Elon Musk’s Tesla is now bound for India: But why does it hurt Trump ?

Herald Bureau2 months ago04 mins

India imposes nearly 100% import duty on electric vehicles (EVs), making it prohibitively expensive for foreign automakers to sell their cars in the country. This policy has protected local companies like Tata Motors. However, in a recent development, India introduced a new EV policy that reduces import taxes to 15% if a carmaker invests at least $500 million and sets up a factory in the country.