Volkswagen: India lacks in ease of doing business

As it lines up a fresh Rs 8,000-crore investment for India, German auto giant Volkswagen Group has said that it is not easy to do business in the country and warned that putting restrictions on, or delaying, imports of critical components from China is a retrograde measure and an “old socialist model, held good in … Read more

Kia planning to move from Andhra to Tamil Nadu ?

NEW DELHI: South Korea’s Kia Motors is discussing with Tamil Nadu the possibility of moving a $1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters. Kia inaugurated the Andhra plant, its first in the world’s fifth-largest car … Read more

Tesla crosses $100 billion, Elon Musk getting ready for $346 mn payout !

Tesla’s market value hit $100 billion for the first time Wednesday, triggering a payout plan that could be worth billions for Elon Musk, founder and chief of the electric carmaker. Shares in Tesla rose some 4.8 per cent in opening trade to extend the gains in the value of the fast-growing maker of electric vehicles. … Read more