In India, it’s advantage Tesla as Chinese automakers face heat

Since a meeting between Musk and Indian Prime Minister Narendra Modi in June in New York, Tesla has fast-tracked closed-door discussions with Indian officials on a potential plant investment and plans to build a new low-cost US$24,000 (RM109,260) EV. — Reuters

CHINA’S loss in India could be Elon Musk’s gain.

Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles (EVs), China’s BYD, has been stopped cold by increased scrutiny from New Delhi.