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Driving in the slow lane

Financial Express Chandigarh

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January 23, 2026

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

- KARTIKAY KASHYAP

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.

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Deceit and intimidation

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Forex reserves jump $14 bn to $701 bn on Fx swap, gold rally

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Steady growth in H1 for auto ancillary biz

INDIA'S AUTO COMPONENT industry delivered resilient growth in the first half of FY26, but rising imports underline the structural challenges which lie ahead even as export competitiveness improves.

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Financial Express Chandigarh

Report gains or losses from F&O trading as business income in ITR

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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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Higher refining margins push BPCL profit up 62%

BPCL REPORTED A 62% year-on-year rise in standalone net profit to %7,545.27 crore for the October-December quarter, supported by stronger refining margins amid softer international crude oil prices, reports Saurav Anand.

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ITC scales up push into high-value agriculture

ITC IS STEPPING up its push into high-value agriculture—ranging from fruits, vegetables and spices to biological extracts—as it deepens engagement with farmers through its digital platform, Meta Market for Advanced Agricultural Rural services (ITCMAARS), a key growth pillar of its agribusiness.

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