Mumbai1 hour ago
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Anand Mahindra, chairman of Mahindra & Mahindra (M&M) Group, has said that we are working like crazy so that we remain relevant even after 100 years. Mahindra said this in response to a user's question on social media platform X on Tuesday (February 18).
Actually, America's electric vehicle company Tesla is expected to have an early entry in India. The company has also started hiring for this. There is a lot of discussion in the country about its entry.
In this episode, an X handle named Girish Arora asked questions while tagging Anand Mahindra and Tata Motors. The user wrote, 'If Musk bring his car to India, then how will you handle the competition from him. Are you ready sir? '
In response, Mahindra said, 'Since the opening of the Indian economy in 1991, similar questions have been asked to us, how will you face Tata, Maruti and other companies. But we are still present and are working crazy to remain present and remain relevant even after a century. You keep encouraging us, we will show it. '
India reduced import duty. This makes it easier
Tesla announced the recruitment of 13 posts on LinkedIn on 17 February amidst the possibilities of entry in India. This includes posts related to customer service and back-end operations. Tesla's CEO Musk met him recently during PM Modi's US visit.
Tesla and India have been sometimes negotiated for many years, but Tesla had kept distance from India due to more import duty. However, India has now reduced import duty from 110% to 70% on cars worth more than $ 40,000 (about Rs 35 lakh).
On 13 February, PM Modi met Ilan Musk during the US visit.
Search for space for factory
According to media reports, Tesla is also preparing to set up its plant in India. The company is looking for land. The company's effort is to set up the plant in the automotive hub states. It is a priority on Maharashtra, Gujarat and Tamil Nadu.
Tesla shares climbed 83.65% in 1 year Tesla currently has a market cap of about $ 1.12 trillion (Rs 97.37 lakh crore). The price of its share is $ 355.84. In the last 1 year, Tesla's stock has given a return of 83.65%. At the same time, the company's stock has risen 59.77% in the last 6 months.
Tesla's cheapest car is model 3
Tesla's 6 electric cars are currently being sold in the American market. These include models S, Model 3, Model X, Model Y, New Model Y and Cyber Trucks. The model 3 is the cheapest car. It is priced at $ 29,990 (about 26 lakh rupees) in the US. This car runs 535 km once full charged.
