German luxury carmaker BMW Gorup India clocked its highest-ever car sales of 18,001 units, registering a growth of 14% year-over-year. BMW Group India President and CEO Hardeep Singh Brar talks about the company’s outlook for 2026, electric vehicle market share, competition with Elon Musk’s Tesla, becoming India’s top luxury carmaker in Q3 and price hike plans owing to weak rupee.
German luxury carmaker BMW Gorup India clocked its highest-ever car sales of 18,001 units, registering a growth of 14% year-over-year. BMW Group India President and CEO Hardeep Singh Brar talks about the company’s outlook for 2026, electric vehicle market share, competition with Elon Musk’s Tesla, becoming India’s top luxury carmaker in Q3 and price hike plans owing to weak rupee.
Elon Musk’s Tesla has also dented EV sales of premium and luxury carmakers. Tesla sold 62 EVs in December, according to VAHAN.
Tesla share price: The Elon Musk-owned EV carmaker has gained more than 50 per cent in the last 6 months, while the stock is down 10 per cent on a year-to-date (YTD) basis.
Shares of Oracle Corp saw a jaw-dropping rise of 43 per cent on Wednesday and finally settled at $328.33, posting 36 per cent gains for the day.
As per Anant Ambani, over 50,000 workers are working at record pace, supported by extensive construction automation.
The Indian-American politician's move is also being seen as strategic by some netizens.
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Tesla’s hiring and expansion efforts in India highlight its commitment to cash in on the burgeoning electric vehicle market.
M&M vs Tesla: UBS said it sees limited impact from Tesla's potential entry into India as the Model 3 (highest selling model in the US), currently priced at $35,000 (Rs 31 lakh), is likely not well-suited to the Indian market.
Tesla Share Price: Trump Media spiked 30 per cent after the 78-year-old was elected US president for the second time. Trump owns around 57 per cent of Trump Media, which trades under the ticker DJT.
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