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Hyperloop One shuts down amid contract failures and asset liquidation
Headquartered in Los Angeles, the company, known for achieving the world's first passenger ride on a super high-speed levitating pod system in 2020, will liquidate its remaining assets.Read more
Tesla's Cybertruck launch sparks optimism for Indian auto component market
Although the US and Canada dominate 54% of the global pickup truck market, initial reports suggest that Tesla's new offering could secure nearly 7% market share in its first year.Read more
Tesla nearing deal for India Entry, possible factory setup by 2025
Tesla is prepared to make an initial investment of approximately $2 billion in any plant, with plans to increase purchases of auto parts from India to potentially $15 billion.Read more
Tesla agrees to set up vendor base and start EV assembly in India
The move follows the Indian government's request for a domestic assembly plant and vendor base. Tesla aims to integrate manufacturing and the supply chain, potentially expediting vendor selection.Read more
India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India
While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more