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Driving in the slow lane
January 23, 2026
|Financial Express Kochi
IF TESLA WERE TO MAKE THE MOST OF ITS IMMENSE BRAND POWER IT HAS TO WORK ON NETWORK EXPANSION IN THE COUNTRY AND LOCAL ASSEMBLY TO REDUCE PRICES
IT HAS BEEN close to six months since Tesla’s India debut in July 2025, but the Elon Musk-led EV giant seems to be struggling to notch up the numbers that justify the early hoopla. According to figures available on the Vahan Dashboard, Austin, Texas-based brand managed to register around 226 units in 2025. Competitors in the luxury vehicle segment, including BMW and Mercedes, are far ahead.
Of course these brands have been around longer but their sales figures speak about the potential of the segment. BMW registered 1,960 EV units in the second half of 2025, while Mercedes registered 312 units during the same period.
Overall, BMW is the leader in the luxury EV segment, with total sales ballooning 200% year-on-year (YoY) to 3,753 units in 2025. The company claims that its iX1 model, which competes directly with Tesla’s Model Y, was the highest-selling EV in the luxury segment last year.
هذه القصة من طبعة January 23, 2026 من Financial Express Kochi.
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INDIA IS RECASTING its clean energy transition as a core industrial and manufacturing strategy, with non-fossil sources now accounting for 52% of installed power capacity and total non-fossil capacity reaching 267 GW, Union Minister for New and Renewable Energy Pralhad Joshi said at the World Economic Forum (WEF) Annual Meeting in Davos.
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‘Retail AUM may touch ₹1 lakh cr by March’
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1 mins
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Rupee sinks to all-time low, reports steepest weekly fall in 6 months
THE RUPEE FELL to a record low on Friday and posted its steepest weekly decline in six months, weighed by sustained foreign outflows and hedging by importers.
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IPOs in Dec moderated from ’25 peak: Sebi bulletin
FUNDRAISING BY INDIAN companies through initial public offerings (IPOs) relatively moderated in December compared to the peak levels in 2025, though the number of new issuances was the highest and the issuance size was the third highest globally, a bulletin released on Friday by the Securities and Exchange Board of India (Sebi) showed.
1 min
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States' combined fiscal deficit rose to 3% in 2024-25: RBI report
STATES' CONSOLIDATED GROSS fiscal deficit rose to 3.3% of gross domestic product (GDP) in 2024-25, after staying below 3% for the previous three years, according to a Reserve Bank of India's (RBI) annual report on state finances released on Friday.
1 min
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Prepare orders for Nvidia chips: China to firms
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Tata Power secures World Bank loan for its Bhutan project
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