Tesla’s CEO Elon Musk has long criticised India for having import tariffs of around 100% on EVs which protect local automakers such as Tata Motors in the world’s third largest auto market, where EV adoption is still at a nascent stage.
Indian market bounced back on Tuesday to close in the green. The BSE Sensex rose more than 150 points while the Nifty50 managed to close
Five Nifty500 companies posted their highest quarterly net profits in 10 quarters, with over 50% growth from previous peaks, signaling strong operational performance.
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