Get Top latest market news, Stock Market Views, Stock Market Updates and analysis on stock, derivatives, commodity and IPO markets. Get all Stock market news, BSE, NSE, Sensex Nifty, world markets, Indian markets, stock recommendation, Dalal Street, Day trading, futures, options, SEBI, market news, Business and other Financial News.

Ashok Leyland Invitation to Elon Musk for Partnership to Launch Tesla Cars In India

ASHOK LEYLAND, ELON MUSK, TESLA, TESLA MOTORS, TESLA MOTORS IN INDIA, TESLA MODEL 3, COMPANIES, THE BORING COMPANY, WHITE SOUTH AFRICAN PEOPLE, BUSINESSPEOPLE, NIKOLA TESLA, HINDUJA GROUP, CHIEF FINANCIAL OFFICER TESLA, TESLA HEADQUARTERS, TESLA ELECTRIC CAR, TESLA CEO, INDIAN GOVERNMENT, TESLA ELECTRIC CAR DREAM, UNITED STATES, DEEPAK AHUJA, NARENDRA MODI, RATING AGENCY, TECHNOLOGY ADOPTION, ELECTRIC CAR PLANT, ELECTRIC CAR MAKER, VENKATESH NATARAJAN, VICE PRESIDENT AND CHIEF DIGITAL OFFICER OF ASHOK LEYLAND, CALIFORNIA, PALO ALTO, ICRA, INDIA, tesla car price in india 2018, tesla showroom in india, tesla model s p100d price in india, tesla car price in usa, tesla car price in india 2019, tesla car mileage, tesla model 3 price in india, tesla car features, ashok leyland trucks, ashok leyland, ashok leyland share price, ashok leyland bus, ashok leyland news, ashok leyland vehicles, electric cars in india 2019 price list, upcoming electric cars in india 2019, upcoming electric cars in india 2020, upcoming electric cars in india 2019 with price, upcoming electric cars in india 2020 with price, tata electric cars in india, upcoming electric cars in india 2020, electric car price in india 2021

Chennai-based Automobile Manufacturer Ashok Leyland has recently expressed its desire by inviting Elon musk backed Tesla Motors for a strategic partnership to support Elon Musk launching Tesla brand of electric vehicles to India.

Ashok Leyland has made it clear that they are open for partnership with Elon Musk for selling Tesla Motors in India and which will also fulfill Indians dream to experience Tesla autonomous cars of the future.

Tesla Motors has already in past made couple of announcements that they are soon entering India Automobile Market with the launch of Model 3 which will be priced around $ 35,000.

VRL Logistics places order for 1,200 trucks to Ashok Leyland

Tesla CEO Elon Musk in past who has been moving back and forth on his India dream for a couple of years and has now been unable to take the next big step of entry into India but now there is an official invitation from Ashok Leyland commercial vehicles.

Elon Musk main goal is to make India as its next big market, but there are lots of concerns that will the electric car ever be running on the bumpy and poor quality of Indian roads?

Recently Elon Musk in couple of its interviews that his company has drafted plans to create a ‘partial presence’ in India, Africa, and South America by the end of 2019 and other goal is to expand further in 2020.

The company is open to Musk for a partnership, according to Venkatesh Natarajan, Senior Vice President and Chief Digital Officer, Ashok Leyland, finally allowing Indians to experience his path breaking autonomous Tesla electric cars.

“We’re open to Musk’s offer. I really believe it’s not just one partner that can contribute to India’s electric car dream. Multiple agencies are going to be involved in this. We’ll be lucky to be part of that consortium, “Natarajan told IANS in the financial capital on the sidelines of the recently concluded AWS India Summit.

“I’m going back to the philosophy and culture of the organization. Whenever we see new technology, we like to try it out, just like a little kid who sees a new toy and wants to experiment with it. We’re open about adopting technology — anything that adds value to our customers,” Natarajan noted.

The company, Hinduja Group’s flagship, reported revenue in Q3 (FY 2018-19) of some 6,325 crore. Revenues for the year-to-date (YTD) reached around 20,209 crore, up 15 percent over last year’s corresponding period.

Rating agency ICRA recently upgraded with stable outlook the long-term rating of Ashok Leyland’s fund-based limits to AA from AA. The agency believes that the financial profile of Ashok Leyland will continue to be healthy supported by stable demand outlook for the segments of medium and heavy commercial vehicles and light commercial vehicles (LCV).

Hero MotorCorp invests Rs 20 cr in Electric Scooter start-up Ather Energy

It is reportedly considered as India’s largest bus manufacturer and the world’s fourth largest, the company reported an massive jump of 10 percent in domestic vehicle sales in April 2019 to 13,141 units. In the same month last year, the commercial vehicles company had sold 11,951 vehicles in the domestic market.

“At the end of the day, we need more money. We’re in the business of making money. As long as we can make more money and help our customers generate more money, we’re gambling with every new technology,” Natarajan said.

Leave a Reply

Your email address will not be published. Required fields are marked *