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Elon Musk To Enter India This Summer With His Tesla Electric Cars

Published

8 years ago

on

Elon Musk To Enter India This Summer With His Tesla Electric Cars

US based electric cars major Tesla’s Cheif Executive Elon Musk plans to enter India soon with his Tesla’s Model 3 electric cars. In a reply to a query on when Tesla cars are to be launched in India, he replied saying: “Hoping for summer this year.”

Last year, the company stated that it had planned to enter in India in 2017. Tesla’s Model 3 cars are the most affordable car yet as it runs 215 miles of range per single charge.

Here are some mind-boggling features of Model 3 Tesla cars:

1) The base model accelerates from zero to 97 kmph in less than six seconds.

2) It includes the autopilot safety features which allows the cars to steer themselves and avoid collisions.

3) It has storage rooms at the front as well in the rear.

4) It allows the car to supercharge more faster at special power stations.

Earlier in 2016, Minister of Road, Transport, and Highways Nitin Gadkari had offered lands to Tesla near the South and Southeast of the country to facilitate the easy transport of the cars to the country.

IN 2015, PM of India Shri Narendra Modi had visited Tesla’s factory joint in San Jose and showed some keen interest towards the company.

IN 2014, Tesla had announced that India will be one of the possible locations in Asia to set up a manufacturing unit. However, despite having high potential, these vehicles are hard to sell in India because of the high customs duties on imported vehicles and also the lack of the separate category for electric cars.

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Latest News

Blissclub Raises INR 33 Crore in Fresh Funding Months After Layoffs

Published

19 hours ago

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May 8, 2025

By

Bliss_StartupStories

Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.

The latest investment was made through the allotment of 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 each. Elevation Capital invested INR 19 crore, securing a 24.5% stake, while Eight Roads Ventures contributed INR 14 crore, raising its stake to 15.79%. The capital will be used for working capital, capital expenditure, and general corporate purposes.

Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.

Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.

 

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Apple to Shift Entire US iPhone Assembly to India by 2026

Published

2 weeks ago

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April 25, 2025

By

Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

Published

2 weeks ago

on

April 23, 2025

By

PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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