Tesla Inc is scouting for locations to open showrooms in Mumbai, Delhi and Bangalore and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country. The world’s most valuable automaker by market capitalization is looking for commercial properties as large as...
U.S., India, China, Lead in Artificial Intelligence
Malcolm Frank, head of strategy at IT firm Cognizant, headquartered in Teaneck, New Jersey, told CNNMoney that the United States, India, and China are far ahead of anyone else in artificial intelligence. In America, Amazon, Facebook, Google, and Tesla are investing billions of dollars to substitute for people in sectors such...
Tesla Seeks Import Duty Waiver Till it Can Make in India
Founder and CEO Elon Musk tweeted that Tesla is pushing for import tax waivers to launch its vehicle in India. In discussions with the government of India requesting temporary relief on import penalties/restrictions until a local factory is built — Elon Musk (@elonmusk) June 14, 2017 Musk has shown support...
Solar Power Becoming Increasingly Important in India
India's government plans to draw 40% of the country's energy from renewables by 2030, and it is because of the government's commitment that India is about to become the biggest market for solar energy, said San Jose, CA-based SunPower CEO Tom Werner. Prime Minister Modi wants to spend $3.1 billion...