Skip to content
Search

Latest Stories

India factory plans in limbo as Tesla shifts focus

The automaker will use its existing factories to build new and more affordable vehicles

India factory plans in limbo as Tesla shifts focus

US automaker Tesla said that it will use a current platform and production lines to produce what it called "more affordable" models by early next year.

The announcement from the Elon Musk-owned company suggested that investments in new factories in Mexico and India are unlikely in the near term.


Tesla said the change would allow the company to launch low-cost vehicles swiftly but would result in smaller cost reduction than had been expected and modest volume growth.

The leading electric vehicle manufacturer aims to increase production by 50 per cent from 2023 to its current capacity of close to three million vehicles, prior to considering investment in new manufacturing lines.

"This update may result in achieving less cost reduction than previously expected but enables us to prudently grow our vehicle volumes in a more capex efficient manner during uncertain times," the company said.

Earlier this month, it was reported that Tesla had scrapped plans to launch its cheap vehicle, known as Model 2, which Tesla planned to build in Texas, Mexico and a third country.

The new model had been expected to cost $25,000 and drive Tesla's growth into a mass-market automaker.

Meanwhile, Lars Moravy, Tesla's engineering head, said that adopting new manufacturing processes and production lines carries "certain risks."

He indicated that the company has made a "significant change" by prioritising the use of its facilities to rapidly and efficiently produce affordable vehicles for the time being.

Last week, Musk postponed a planned trip to India where he was to meet prime minister Narendra Modi, citing obligations at his automaker and saying he aimed to reschedule the visit for later this year.

Rohan Patel, a Tesla public policy executive who, according to sources, was one of those leading the company's India entry plans, also resigned last week.

Tesla, however, did not provide a comment regarding its plans for Mexico and India.

Last year, Musk affirmed Tesla's intention to construct a factory in Mexico. He added that the timing would depend on economic conditions and interest rates affecting vehicle affordability.

Analysts noted Tesla's challenge in expanding capacity amidst projections of slowing sales following years of double-digit growth.

(with inputs from agencies)

More For You

raj kundra

Raj Kundra names Bipasha Basu and Neha Dhupia in £5.6m Bollywood fraud probe

Getty Images

Raj Kundra tells Mumbai police £5.6m fraud funds went to Bipasha Basu and Neha Dhupia

Highlights:

  • Raj Kundra questioned in India for five hours over alleged £5.6m (₹60 crore) fraud
  • He claimed money was paid as fees to Bollywood stars Bipasha Basu and Neha Dhupia
  • Investigators traced nearly £2.3m (₹25 crore) in direct transfers to actresses and Balaji Entertainment
  • Shilpa Shetty also under scrutiny as financial probe widens

Businessman Raj Kundra, husband of Bollywood actor Shilpa Shetty, has been questioned for nearly five hours by financial crime investigators in India in connection with an alleged £5.6 million (₹60 crore) fraud. During interrogation, Kundra reportedly said part of the disputed money was paid as professional fees to Bollywood actresses Bipasha Basu and Neha Dhupia. Authorities are now examining whether these transactions were legitimate or part of a larger scheme.

raj kundra Raj Kundra names Bipasha Basu and Neha Dhupia in £5.6m Bollywood fraud probe Getty Images

Keep ReadingShow less
India vs Pakistan

The PCB had complained to the ICC, alleging that Pycroft instructed Pakistan captain Salman Ali Agha not to shake hands with Indian skipper Suryakumar Yadav at the toss in Sunday’s Asia Cup match.

Getty Images

ICC rejects PCB request to drop Pycroft from Asia Cup panel

THE International Cricket Council (ICC) has rejected Pakistan’s request to remove match referee Andy Pycroft from the Asia Cup. The decision came after the Pakistan Cricket Board (PCB) blamed the Zimbabwean official for the “no handshake” incident during their game against India and reportedly threatened to pull out of the tournament.

The PCB had complained to the ICC, alleging that Pycroft instructed Pakistan captain Salman Ali Agha not to shake hands with Indian skipper Suryakumar Yadav at the toss in Sunday’s Asia Cup match.

Keep ReadingShow less
World Curry Festival 2025

The discovery coincides with Bradford’s City of Culture celebrations

World Curry Festival

Bradford’s first curry house traced back to 1942 ahead of World Curry Festival

Highlights:

  • Research for the World Curry Festival uncovered evidence of a curry house in Bradford in 1942.
  • Cafe Nasim, later called The Bengal Restaurant, is thought to be the city’s first.
  • The discovery coincides with Bradford’s City of Culture celebrations.
  • Festival events will include theatre, lectures, and a street food market.

Historic discovery in Bradford’s food heritage

Bradford’s claim as the curry capital of Britain has gained new historical depth. Organisers of the World Curry Festival have uncovered evidence that the city’s first curry house opened in 1942.

Documents revealed that Cafe Nasim, later renamed The Bengal Restaurant, once stood on the site of the current Kashmir Restaurant on Morley Street. Researcher David Pendleton identified an advert for the cafe in the Yorkshire Observer dated December 1942, describing it as “Bradford’s First Indian Restaurant”.

Keep ReadingShow less
Robert Redford death

Robert Redford dies at 89 leaving behind a Hollywood and Sundance legacy

Getty Images

Robert Redford dies at 89 as tributes hail his fight for cinema freedom and environmental justice

Highlights

  • Robert Redford, Oscar-winning actor and director, dies at age 89 in Utah
  • Starred in classics including Butch Cassidy and the Sundance Kid and All the President’s Men
  • Founded the Sundance Institute, transforming the landscape of independent cinema
  • Advocated for environmental causes and used his fame to highlight pressing global issues

Robert Redford dies at 89, leaving behind a legacy that bridged blockbuster Hollywood hits and groundbreaking independent cinema. Best known for Butch Cassidy and the Sundance Kid and All the President’s Men, Redford was not only a matinée idol but also an Academy Award-winning director and the driving force behind the Sundance Film Festival, which changed the trajectory of global filmmaking.

Robert Redford death Robert Redford dies at 89 leaving behind a Hollywood and Sundance legacy Getty Images

Keep ReadingShow less
UK–Africa business summit 2025

UK–Africa business summit 2025

UK–Africa business summit 2025 highlights trade, technology and resilient partnerships

Highlights:

  • Dr Sudhir Ruparelia emphasised Uganda’s growing real estate, agriculture and tourism sectors.
  • Lord Dolar Popat called for closer Commonwealth ties between Africa, the UK and India.
  • Uganda’s ministers outlined regional integration, investment climate and agricultural transformation.
  • Spiritual leader Sant Trilochan Darshan Das Ji urged ethical entrepreneurship rooted in integrity.

The 15th edition of the UK–Africa Business Summit took place on Friday, 12 September at The Royal Horseguards Hotel & One Whitehall Place, bringing together senior government leaders, entrepreneurs, investors and diaspora stakeholders to strengthen trade and investment ties between the UK and African nations.

Keep ReadingShow less