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Tesla CEO Musk suggests India entry in 2021

Tesla Inc chief executive Elon Musk indicated on Friday that the US electric carmaker will make a foray into India in 2021.

"Next year for sure," Musk said on Twitter in reply to a post with a photograph of a T-shirt with the message: "India wants Tesla".


"Thanks for waiting," Musk said.

Tesla's entry could come at a time when prime minister Narendra Modi is increasingly becoming focussed on promoting the use and manufacture of electric vehicles.

India's auto sector, already reeling from a slowdown in demand last year, has been further hit by the novel coronavirus pandemic and carmakers are seeking government support to push sales.

Musk commented last year about coming to India, in response to someone on Twitter who asked "What about India sir?".

"Would love to be there this year. If not, definitely next!" he said in March 2019.

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UK unemployment rises to 5.1 per cent with young workers bearing the brunt of job losses

Highlights

  • Unemployment rate climbs from 4.3 per cent last year to 5.1 per cent, highest since January 2021.
  • Young workers aged 18-24 see sharpest increase with 85,000 job losses.
  • Payroll numbers drop by 149,000 as employers freeze hiring amid economic uncertainty.

Britain's unemployment rate has climbed to 5.1 per cent its highest level since January 2021, with young workers bearing the brunt of job losses.

Official figures from the Office for National Statistics (ONS) show the unemployment rate for the three months to October increased from 4.3 per cent a year earlier, reflecting what the ONS described as a "subdued labour market".

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