world is news

Why are EV shares hovering? Tesla et al. know what legacy automakers don’t — market loves disruption

Spread the news

Tesla’s Gigafactory in Shanghai


The market believes conventional automakers could not emerge winners from the transformation to smarter, cleaner mobility. In India, no main listed automaker is but to be meaningfully valued for its publicity to new mobility, or lack of it. While startups can put India on the world EV map, fundraising and the dearth of a conducive ecosystem are huge killjoys.

Their faces had lit up like a Christmas tree, actually. As highway transport and highways minister Nitin Gadkari lately introduced that US electrical automobile (EV) main Tesla will begin India operations in early 2021, the cheering response from the nation’s auto fanatics was unanimous – the wait is lastly over. And understandably so. In 2020, amid the pandemic, Tesla soared to new heights. It first grew to become the world’s No. 2 automaker by market

  • SAVE

Sign in to learn the total article

You’ve bought this Prime Story as a Free Gift

Already a Member?

Why ?

  • Sharp Insight-rich, Indepth tales throughout 20+ sectors

  • Access the unique Economic Times tales, Editorial and Expert opinion

  • Clean expertise with
    Minimal Ads

  • Comment & Engage with ET Prime neighborhood

  • Exclusive invitations to Virtual Events with Industry Leaders

  • A trusted crew of Journalists & Analysts who can finest filter sign from noise

Spread the news