India's gearing up to be the new China, but even Elon Musk is finding it hard to crack into the market. Here are 5 reasons why.
the Indian government to slash import taxes on EVs before it agrees to start selling in the market.in July 2021, Musk wrote that India's import duties are"the highest in the world by far of any large country!"
But given the huge Indian market, Tesla isn't giving up."I am confident that Tesla will be in India and will do so as soon as humanly possible," As a large economy with a young population, India has the potential to be a manufacturing powerhouse. But the South Asian country is also infamous for its bureaucracy and red tape.
"It's far from a place where businesses can simply come in and open a shop without having too many company compliances," Ashutosh Sharma, a research director at market researcher Forrester,
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India flags antitrust concerns with Air India, Vistara merger -sourcesIndia's antitrust body is scrutinising Air India's planned merger with Vistara and has asked the company why it should not be investigated further over competition concerns, potentially delaying the process, two sources with direct knowledge said.
Read more »
Does Your Company Have an India Strategy?The price-to-book ratios of Indian subsidiaries of multinationals far exceeds those of their parent companies. That suggests the subsidiaries have better growth prospects, which makes sense given India’s rapidly growing middle class. At this point, any multinational without an India strategy is missing out on a major opportunity for growth and profitability. But tailoring your strategy for India requires customizing your products and services and tapping into the “India stack.”
Read more »
Lawsuits against real-estate agents may reshape how we buy, sell homesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Journalist pictured interviewing notorious Indian crime lord is not Congress party spokespersonA woman pictured sitting across a table from India's most wanted criminal Dawood Ibrahim has been falsely identified in social media posts as Supriya Shrinate, spokesperson for the opposition Congress party. The woman in the photo is in fact the journalist Sheela Bhatt, who told AFP it shows her during a 1988 interview with Dawood -- who was designated a global terrorist by the United States in 2003. Shrinate, who worked as a business journalist before turning to politics, separately told AFP she had never met Dawood.
Read more »
How I made $135K in revenue last year as a birthday clownInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Millions of student-loan borrowers' fate will be decided this weekInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »