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Tesla's Sales Rout in Some European Markets Extends to Eighth Month

Business Standard

|

September 02, 2025

Sales Rise in Norway, Spain but by Much Less Compared to BYD

- NICK CAREY & AMIR ORUSOV

Tesla's sales rout this year in several European markets continued in August amid fierce competition from EV rivals and a backlash against CEO Elon Musk, although Norway and Spain bucked the trend.

Data from France on Monday showed registrations for Tesla cars fell 47.3 per cent in August versus the same month in 2024, while the overall car market grew nearly 2.2 per cent.

Tesla registrations fell more than 84 per cent in Sweden—where electric vehicle sales were flat and the market overall was up 6 per cent—and dropped 42 per cent in Denmark. Tesla registrations in the Netherlands were down 50 per cent in August.

FLERE HISTORIER FRA Business Standard

Business Standard

PMO has nudged CIL to invest in critical mineral assets in Australia, says CMD

Coal India Ltd (CIL) is intensifying its diversification beyond coal, and is pushing ahead with plans to invest in overseas critical mineral assets, outgoing Chairman and Managing Director (CMD) PM Prasad said.

time to read

1 min

November 01, 2025

Business Standard

Swan eyes ₹875 cr in govt support for Pipavav Shipyard expansion

Swan Defence and Heavy Industries (SDHI), which owns India’s largest shipyard in Pipavav, Gujarat, is eyeing around ₹875 crore in government assistance for the yard’s expansion, according to a top executive.

time to read

1 mins

November 01, 2025

Business Standard

Mkts log best month since March

Nifty gained 4.5% in October, settling just 2.1% below its all-time high seen in September last year

time to read

1 mins

November 01, 2025

Business Standard

Ingka Investment launches its first RE project in India

Ingka Investment launches its first renewable energy project in the country — a 210 megawatt peak solar installation in Bikaner, Rajasthan.

time to read

1 min

November 01, 2025

Business Standard

Business Standard

RBI rejects seven-year bond bids as yields test 6.6%

The Reserve Bank of India (RBI) cancelled the auction for the seven-year government bond on Friday after market participants demanded a yield of around 6.6 per cent — a level the central bank was unwilling to accept, dealers said.

time to read

2 mins

November 01, 2025

Business Standard

Business Standard

‘I’d call India a rather boring mkt this year’

With Indian markets yet to hit new highs in 2025, Mark Matthews, managing director and head of research for Asia at Julius Baer, tells Puneet Wadhwa in a fireside chat that India remains the only essential emerging market (EM) for global portfolios. He believes India’s two big strengths are its demographics and jugaad — the “can-do” spirit. Edited excerpts:

time to read

3 mins

November 01, 2025

Business Standard

Vedanta net profit plunges 59% on exceptional losses

CORPORATE SCORECARD

time to read

2 mins

November 01, 2025

Business Standard

Orkla India booked 48.73x on final day

The initial public offering (IPO) of Orkla India got subscribed 48.73 times on the final day of bidding on Friday.

time to read

1 min

November 01, 2025

Business Standard

‘Digital drive, retail surge to power MFs’ next leg of growth’

Even after growing ata blistering pace over the past decade, India’s mutual fund (MF) industry believes it still hasa long runaway for long-term expansion.

time to read

4 mins

November 01, 2025

Business Standard

CBIC notifies rules for voluntary correction of Customs entries

The Central Board of Indirect Taxes and Customs (CBIC) has notified new rules allowing importers and exporters to voluntarily correct entries in bills of entry or shipping bills after goods are cleared.

time to read

1 min

November 01, 2025

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