Skip to content
Search

Latest Stories

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.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

World Cup

Businesses are hiring ahead of the World Cup, hoping for a surge in customers

iStock

US adds 172,000 jobs as World Cup preparations gather pace

  • The US economy added 172,000 jobs in May, beating forecasts.
  • Leisure and hospitality accounted for 70,000 new positions.
  • Questions remain over whether the World Cup will translate into stronger consumer spending.

The US jobs market received an unexpected lift in May as businesses hired thousands of extra workers ahead of the FIFA World Cup, helping the economy comfortably outperform forecasts despite rising costs linked to the ongoing energy shock.

According to the Bureau of Labor Statistics (BLS), the US economy created 172,000 jobs during the month, significantly above economists' expectations of 105,000. The unemployment rate remained unchanged at 4.3 per cent.

Keep ReadingShow less