10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect

Model Y Will Be The First Tesla Car To Be Available In India

Elon Musk-led electric vehicle (EV) maker Tesla, which is likely to begin imports of its cars to India next year, will mark its foray in the country with Model Y.

Tesla’s Model Y is based on the Model 3 sedan platform and is a mid-size crossover SUV which is being built by the company in 2020. With the features being offered, this model is smaller and less expensive than the mid-sized Model X. 

However, Moneycontrol reported that as it is a crossover, it will offer optional third-row seats for a seven-passenger seating capacity, like Model X. 

The development comes a day after Bloomberg reported that the Indian government is on the verge of closing a deal with Tesla and allowing it to both ship and manufacture cars in the country. 

According to the report, Tesla is looking at states like Tamil Nadu, Gujarat and Maharashtra to set up a manufacturing plant in India. An official announcement is likely to be made at the upcoming Vibrant Gujarat Global Summit in January 2024.

Last month, the Prime Minister’s Office held a meeting with top officials to take stock of the next phase of electric vehicle manufacturing in India, including Tesla’s investment proposal, as per ET report. The officials present in the meeting further discussed speeding up the process of granting all necessary approvals to the company by January 2024

Also, the automaker is planning to double the import of car making components from India. Following his visit to one of the facilities of Tesla, union commerce minister Piyush Goyal posted on social media, “Proud to see the growing importance of Auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India.”

The post Model Y Will Be The First Tesla Car To Be Available In India appeared first on Inc42 Media.

by INC42

SUMMARY Retail individual investors’ segment saw the highest interest with 22% subscription, getting bids for 75.44 Lakh shares against 3.37 Cr shares on offer PhysicsWallah has set a price band of INR 103 to INR 109 per share for the IPO, which will close on November 13 The edtech unicorn raised INR 1,562.8 Cr from anchor investors yesterday by issuing 14.33 Cr shares at INR 109 apiece Edtech unicorn PhysicsWallah’s IPO saw a muted start on Day 1, with the issue subscribed… Source link

by PNN

Jaipur (Rajasthan) [India], November 10: Lehar Footwears Limited (‘Lehar’) announced its results for the quarter ended 30th September, 2025. Financial Highlights: H1FY26 vs H1FY25 Comparison Delivered a strong performance in H1FY26, with sales rising to ₹282.7 crore from ₹100.8 crore in H1FY25 and ₹277.2 crore in FY25. PAT surged to ₹14.6 crore against ₹3.6 crore in H1FY25 and Rs 10.9 crore in FY25. PAT margin improved to 5.2% from 3.6%, driven by higher operating… Source link

by Startup Story Media

EV News Funding Alert ByStartupStory     |    November 11, 2025 Grab Holdings Limited has signed a definitive agreement to invest $60 million in Vay Technology GmbH, a Berlin-based startup specializing in remote driving technology for electric vehicles (EVs). The investment, subject… Source link