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Top related persons:
Rajeev Chaba - 4 Narendra Modi - 3 Tesla - 3 CNBC's - 2 Elon Musk - 2 EVs - 2 Modi - 2 Chaba - 2
Top related locs:
India China New Delhi Shanghai Tamil Nadu CNBC's Sri Jegarajah Gurugram Mumbai
Top related orgs:
EV - 4 MG Motor India - 4 CNBC's Sri - 2 Motor - 2 CNBC - 2 Bain & Company - 2 Tata Motors - 2 Thomson - 2

Search resuls for: "MG Motor India"


6 mentions found


☆ India 'confident' new EV policy measures will allow more foreign players to enter market
  + stars: | 2024-04-26 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +4 min
"It was meant for all global EV manufacturers and domestic manufacturers." While much of the "buzz has been around Tesla," Singh underscored the initiatives will also attract other foreign automakers, highlighting that Vietnam's leading EV maker "VinFast has already announced its intent." In February, VinFast broke ground on its integrated EV manufacturing facility in India's southern state of Tamil Nadu. As competition in India's EV sector remains limited, the entry of major players like Tesla, will level the playing field, MG Motor India's CEO Emeritus Rajeev Chaba told CNBC. Robust trajectoryAccording to Counterpoint Research, India's EV sales nearly doubled in 2023, driven by rising consumer interest and government initiatives, among other factors.
Persons: Rajesh Kumar Singh, CNBC's, Singh, VinFast, Elon Musk, Narendra Modi, Tesla, Rajeev Chaba, EVs, Modi, Ola, Bain Organizations: Department, Promotion, Industry, Internal, EV, CNBC's Sri, Motor, CNBC, Counterpoint Research, International Energy Agency, TVS Motor, Bajaj, Ampere, Bain & Company Locations: India, Tamil Nadu, China
☆ Tesla’s entry into India’s EV market will be 'good news’ for the country, says MG Motor India
  + stars: | 2024-04-24 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com   time to read: +3 min
"When India as a market gets attention, more and more players and investments will come in. Numbers are still constrained because consumers don't have compelling choices," Chaba told CNBC's Sri Jegarajah in Gurugram, India. India's electric vehicle sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India's CEO Emeritus Rajeev Chaba said. Tesla CEO Elon Musk postponed a scheduled trip to India this week where he was to meet Prime Minister Narendra Modi, citing "heavy Tesla obligations." It'll be good for the industry, good news for the country, and for serious players like us."
Persons: Tesla, Chaba, EVs, CNBC's, Rajeev Chaba, Elon Musk, Narendra Modi, Maruti Suzuki, It'll, Musk Organizations: Bain & Company, CNBC's Sri, Motor, Reuters, Tesla, Tata Motors, Mahindra, Maruti Locations: India, CNBC's Sri Jegarajah, Gurugram, New Delhi, Mumbai
☆ Tesla is eyeing India — but a rival says that's 'good for the industry'
  + stars: | 2024-04-24 | by ( Tom Carter | ) www.businessinsider.com   time to read: +1 min
Tesla has reportedly been considering building a new factory in India, the world's third-largest car market. MG Motor India executive Rajeev Chaba told CNBC the move could boost India's EV market. AdvertisementTesla has been eyeing an expansion into India — and one local auto executive thinks it'll be good for business. MG Motor India's CEO Emeritus Rajeev Chaba told CNBC that Tesla's potential entry into the Indian market could help boost the country's low rate of EV adoption. It'll be good for the industry, good news for the country, and for serious players like us," Chaba told CNBC.
Persons: Tesla, Rajeev Chaba, —, it'll, It'll, Chaba Organizations: MG Motor India, CNBC, EV, Service Locations: India
☆ Tesla's entry into India's EV market would be welcome, says MG Motor India
  + stars: | 2024-04-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's entry into India's EV market would be welcome, says MG Motor IndiaRajeev Chaba, CEO Emeritus of MG Motor India, says competition "is limited at this point of time … I wish more and more players come, with more and more choices."
Persons: Rajeev Chaba Organizations: EV, MG Motor India
☆ Exclusive: India's JSW in talks with Chinese carmaker Leapmotor for EV tech -sources
  + stars: | 2023-08-31 | by ( Aditi Shah Neha Arora | Aditi Shah | Neha Arora | ) www.reuters.com   time to read: +3 min
India's EV market is small, with Tata Motors (TAMO.NS) dominating sales that made up less than 2% of all cars sold last fiscal year. All sources declined to be identified as the talks are still ongoing and a final decision has not been made. Founded in 2015, Leapmotor has less than 2% share of China's fragmented EV market, where it sells four mass market electric models. This has also forced MG Motor India to find local investors like JSW so it can raise equity. Leapmotor also has been in partnership talks with other major automakers, including Stellantis (STLAM.MI) and Volkswagen (VOWG_p.DE), according to media reports.
Persons: JSW, Leapmotor, Sajjan Jindal, Aditi Shah, Zhang Yan, Neha Arora, Kim Coghill Organizations: REUTERS, DELHI, HK, MG Motor India, China's SAIC Motor Corp, EV, Tata Motors, MG Motor, Ford, JSW, Volkswagen, Thomson Locations: Jinhua, Zhejiang province, China, India, EVs, New Delhi, Shanghai
☆ India is warming up to a cooling China
  + stars: | 2023-08-28 | by ( Shritama Bose | ) www.reuters.com   time to read: +4 min
A screening policy that dramatically slowed investments into India looks ripe for some fine-tuning. India appears to be warming up to a larger Chinese presence in its businesses three years since it introduced an approval regime for investments from countries sharing a land border. Modi has made a deepening financial relationship with China dependent on a warming political one. India is “open” to investments from China, the former’s Minister of State for Electronics and Information Technology Rajeev Chandrasekhar told Financial Times in an interview published in July. Shein is set to re-enter India through a partnership with Reliance Retail, The Wall Street Journal reported in May.
Persons: Narendra Modi’s, Xi Jinping, hamstrung, Sajjan, Modi, Narendra Modi, BYD, Technology Rajeev Chandrasekhar, Sajjan Jindal, Una Galani, Thomas Shum Organizations: Reuters, Indian, pharma, Reuters Graphics Reuters, Authorities, Apple, Reliance Industries, Wall Street, SAIC, Motor India, Economic Times, State, Electronics, Technology, Times, India’s, MG Motor India, Reliance Retail, Street, Bloomberg, Thomson Locations: MUMBAI, South Africa, India, New Delhi, China, Johannesburg, Shanghai
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