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Tesla arrives, but Kia may drive home the sales

Financial Express Lucknow

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July 15, 2025

While Tesla's long-anticipated entry into the Indian market on Tuesday is set to grab the headlines, it is Kia that will corner a larger share of consumer interest, and sales, in the weeks ahead.

- SWARAJ BAGGONKAR

WHILE TESLA'S LONG-ANTICIPATED entry into the Indian market on Tuesday is set to grab the headlines, it is Kia that will corner a larger share of consumer interest, and sales, in the weeks ahead.

The South Korean automaker is gearing up to launch the Carens Clavis EV, a seven-seater electric vehicle priced under ₹20 lakh, which is expected to be a major draw in a market that is rapidly warming up to electric mobility in the sub-₹20 lakh segment.

Kia's new offering will be its third electric model in the country and the first in a more accessible price band.

Designed specifically for Indian consumers, the Clavis EV underscores Kia's renewed focus on mass-market electric vehicles. With this model, the company is targeting sales of 36,000 EVs in 2027, aiming for a 10% contribution to its total domestic volumes.

MEER VERHALEN VAN Financial Express Lucknow

Financial Express Lucknow

NHAI will raise ₹9,270-cr via TOT; IRB Infra wins bid

IN THE FIRST highway monetisation deal of the current financial year, the National Highways Authority of India (NHAI) will raise 9,270 crore, with the letter of award being issued to IRB Infrastructure last week for three highway stretches of total length of 333.4 km in Uttar Pradesh.

time to read

1 mins

November 20, 2025

Financial Express Lucknow

IBBI seeks stricter norms for bidder identity check

Higher duties cast on resolution professionals

time to read

2 mins

November 20, 2025

Financial Express Lucknow

Volkswagen cuts India EV costs, seeks local partner

Tighter carbon emission rules kick in from 2027

time to read

2 mins

November 20, 2025

Financial Express Lucknow

Adani's ₹14,535-crore bid for JAL gets lenders' nod

BUSINESS TYCOON GAUTAM Adani has won the approval of creditors of Jaiprakash Associates (JAL) for its ₹14,535-crore acquisition proposal for the bankrupt infrastructure group.

time to read

1 min

November 20, 2025

Financial Express Lucknow

Mizuho seeks aggressive India expansion

MIZUHO FINANCIAL GROUP is exploring ways to build up its business in India, where the Japanese bank sees the potential for replicating its achievements of advising and financing corporate clients in other markets, according to a top executive.

time to read

1 mins

November 20, 2025

Financial Express Lucknow

Chinese AI university tops Harvard, MIT in patent race

PRESIDENT XI JINPING AMONG TSINGHUA GRADUATES

time to read

3 mins

November 20, 2025

Financial Express Lucknow

SC strikes down key tribunals Act terms

IN A MAJOR jolt to the Centre, the Supreme Court on Wednesday struck down key provisions of the 2021 Tribunals Reforms law related to appointment, tenure,and service conditions of tribunal members and presiding officers, saying \"Parliament cannot simply override judicial decision by reenacting\" these with minor tweaks.

time to read

1 min

November 20, 2025

Financial Express Lucknow

Sensex tops 85,000 after over a year

Nifty ends above 26,000; investors gain ₹1.12 lakh cr

time to read

1 min

November 20, 2025

Financial Express Lucknow

Banks seek more leeway in acquisition financing

BANKS HAVE FLAGGED several restrictions in the Reserve Bank of India’s acquisition financing guidelines that they believe will limit their participation in the merger and acquisition (M&A) space.

time to read

1 min

November 20, 2025

Financial Express Lucknow

Sarvam.ai to launch India's first LLM by early next year

SARVAM.AI PLANS TO roll out India’s first homegrown foundational large language model (LLM) in the next couple of months, co-founder Vivek Raghavan said.

time to read

1 min

November 20, 2025

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