Indian Economy: News and Discussion

Hari Sud

Senior Member
Joined
Mar 31, 2012
Messages
3,853
Likes
8,685
Country flag
It would appear that US Democrats are behind the indefinitely postponed Elon Musk’s visit to India. They do not want Modi to win big in the current elections. The Elon Musk visit would have provided a bit more effort to build Indian economy which would help people to vote for Modi.

Elon Musk has no choice but to build big in India. His China dream has been watered down and now big market is India which with his $2/3 Billion investment would give him a big head start. Now it to wait.

We’ll put a hold on his other projects and proposals. Let the Democrats in US know that India has other alternatives.
 

Shuturmurg

Senior Member
Joined
Jan 9, 2022
Messages
3,043
Likes
21,545
Country flag
It would appear that US Democrats are behind the indefinitely postponed Elon Musk’s visit to India. They do not want Modi to win big in the current elections. The Elon Musk visit would have provided a bit more effort to build Indian economy which would help people to vote for Modi.

Elon Musk has no choice but to build big in India. His China dream has been watered down and now big market is India which with his $2/3 Billion investment would give him a big head start. Now it to wait.

We’ll put a hold on his other projects and proposals. Let the Democrats in US know that India has other alternatives.
Lol. No.

Democrats don't have that leverage over Elon of all people, he is already pro republican. Most probably will wait till election results are out. Will be hard for him to meet all big politicians in middle of election campaigning.
 

Hari Sud

Senior Member
Joined
Mar 31, 2012
Messages
3,853
Likes
8,685
Country flag
Lol. No.

Democrats don't have that leverage over Elon of all people, he is already pro republican. Most probably will wait till election results are out. Will be hard for him to meet all big politicians in middle of election campaigning.
‘That part he (Musk) knew before he finalized the visit. This last minute postponement looks fishy.
 

thebakofbakchod

Senior Member
Joined
Jun 16, 2020
Messages
1,586
Likes
8,889
Nah, the real reason is that tesla is getting btfo by chongs. Their latest quarter showed it. Sales were even worse than expected. The truth is that an Indian factory makes no sense for them at this point, especially for exports, as they can comfortably supply the demand from their existing factories. And with gormint treating car sales as a luxury with massive tax after tax, they will struggle to sell more than 10k cars a year
 

thebakofbakchod

Senior Member
Joined
Jun 16, 2020
Messages
1,586
Likes
8,889

1713679325007.png


India needs 100s of such factories producing machine tools. We need to make modern CNC machines very cheap, allowing our outdated and inefficient MSME factories to upgrade and mechanise their productions
 

spacemarine2023

Senior Member
Joined
Mar 18, 2023
Messages
1,109
Likes
4,382
Country flag
Lol. No.

Democrats don't have that leverage over Elon of all people, he is already pro republican. Most probably will wait till election results are out. Will be hard for him to meet all big politicians in middle of election campaigning.
Musk will listen to democrats more than Indian Govt or US gov more than Ind Govt so he is correct its definitely democrats regime advising him to postpone
 

Hari Sud

Senior Member
Joined
Mar 31, 2012
Messages
3,853
Likes
8,685
Country flag
Nah, the real reason is that tesla is getting btfo by chongs. Their latest quarter showed it. Sales were even worse than expected. The truth is that an Indian factory makes no sense for them at this point, especially for exports, as they can comfortably supply the demand from their existing factories. And with gormint treating car sales as a luxury with massive tax after tax, they will struggle to sell more than 10k cars a year
‘You may or may not be right. Do you think Elon Musk’s analysts did not know this for a long time. I am sure they knew about it, still Musk made plans to invest $2/3 Billion in India including satellite transmissions. It is the 12th hour postponement which is bothersome. It is politicians heading the U.S. State Department who sabotaged the trip. ….. cheers
 

FalconSlayers

धर्मो रक्षति रक्षितः
Senior Member
Joined
Oct 14, 2020
Messages
27,872
Likes
192,914
Country flag
‘You may or may not be right. Do you think Elon Musk’s analysts did not know this for a long time. I am sure they knew about it, still Musk made plans to invest $2/3 Billion in India including satellite transmissions. It is the 12th hour postponement which is bothersome. It is politicians heading the U.S. State Department who sabotaged the trip. ….. cheers
He hasn't made any official plan, these are media reports. Tesla is losing market share in China and thats what is worrying him the most. He is amongst those businessmen who thought its great to make in China only to be screwed by their companies stealing/utilising licensed tech for much better or cheaper chinese equivalent products. So it is obvious that he won't invest anything here, he's coming here for starlink, and maybe signing off deals with Indian space companies for supply of components and all since he's meeting with them.
 

Hari Sud

Senior Member
Joined
Mar 31, 2012
Messages
3,853
Likes
8,685
Country flag
He hasn't made any official plan, these are media reports. Tesla is losing market share in China and thats what is worrying him the most. He is amongst those businessmen who thought its great to make in China only to be screwed by their companies stealing/utilising licensed tech for much better or cheaper chinese equivalent products. So it is obvious that he won't invest anything here, he's coming here for starlink, and maybe signing off deals with Indian space companies for supply of components and all since he's meeting with them.
‘Let us analyze that who forced the postponement? To me it looks like that US state Department, whose mandarins hate India and Modi.
 

FalconSlayers

धर्मो रक्षति रक्षितः
Senior Member
Joined
Oct 14, 2020
Messages
27,872
Likes
192,914
Country flag
‘Let us analyze that who forced the postponement? To me it looks like that US state Department, whose mandarins hate India and Modi.
 
  • Like
Reactions: SKC

Hari Sud

Senior Member
Joined
Mar 31, 2012
Messages
3,853
Likes
8,685
Country flag
What I read from these articles is that Musk was forced into postponement of visit to India. His business has declined. He is concerned and looked at India to give him boost. That visit was a business decision, but postponement is a political decision. Now India should demand a price for this insult.
 

prasadr14

PrasadReddy
Senior Member
Joined
Sep 25, 2015
Messages
9,893
Likes
54,561
What I read from these articles is that Musk was forced into postponement of visit to India. His business has declined. He is concerned and looked at India to give him boost. That visit was a business decision, but postponement is a political decision. Now India should demand a price for this insult.
We will, he will pay it in premium dollars.
Gujjus will make Elon an offer he can't refuse.
 

nongaddarliberal

Senior Member
Joined
Nov 1, 2016
Messages
4,030
Likes
22,936
Country flag
It's a malicious attempt to trick casual readers into seeing "83% of youth are jobless" if they don't read carefully, which most don't.
And it has turned out exactly as predicted. The ILO report said that 83% of unemployed people are young, not that 83% of young people are unemployed, and DW fell right into the trap, or are intentionally misconstruing it.

 

jai jaganath

Senior Member
Joined
Jul 3, 2022
Messages
5,635
Likes
9,818
Country flag
And it has turned out exactly as predicted. The ILO report said that 83% of unemployed people are young, not that 83% of young people are unemployed, and DW fell right into the trap, or are intentionally misconstruing it.

Disinfo campaign at its peak against govt
1st phase
Then railways (although issue is genuine)
Now unemployment
Be it sm or media
 

prasadr14

PrasadReddy
Senior Member
Joined
Sep 25, 2015
Messages
9,893
Likes
54,561
BS….. who are Gujjus you are referring to.
Modi and Shah.
From their track record, they have always kept their ego out of picture, both internally and externally.

ex 1: US denying Modi Visa but we did not see him make it an issue
ex 2: Nitish screwed them multiple times, again kept their ego out of picture.

So, when Elon comes with a proposal, they will keep ego out and get the best possible deal.
 

Rango

Regular Member
Joined
Aug 1, 2022
Messages
769
Likes
7,407
Country flag
India's income tax receipts up 17.7% in 2023/24 to $235 billion.

The number of taxpayers who filed income tax returns rose to nearly 82 million in 2023/24, 9% higher than in the previous financial year.

 

no smoking

Senior Member
Joined
Aug 14, 2009
Messages
5,034
Likes
2,329
Country flag
Elon Musk has no choice but to build big in India. His China dream has been watered down and now big market is India which with his $2/3 Billion investment would give him a big head start. Now it to wait.
Tesla's sales in China had been increasing since 2020:

1713748387093.png


The only decline so far was Feb-24, but in Mar-24, sales growth was resumed.

And the fact was Tesla just added another 200,000 production capacity to their Shanghai factory, made it the largest one in their all giga factories and counted 41% of her whole capacity around the world.

And there is a battery giga-factory is going to produce in China by the end of this year.

So, it is just too early to state that he is losing Chinese market.

We’ll put a hold on his other projects and proposals. Let the Democrats in US know that India has other alternatives.
What other alternatives?
Chinese EV producers? I don't think so.
 

Hari Sud

Senior Member
Joined
Mar 31, 2012
Messages
3,853
Likes
8,685
Country flag
Tesla's sales in China had been increasing since 2020:

View attachment 249511

The only decline so far was Feb-24, but in Mar-24, sales growth was resumed.

And the fact was Tesla just added another 200,000 production capacity to their Shanghai factory, made it the largest one in their all giga factories and counted 41% of her whole capacity around the world.

And there is a battery giga-factory is going to produce in China by the end of this year.

So, it is just too early to state that he is losing Chinese market.



What other alternatives?
Chinese EV producers? I don't think so.
All Musk’s sales hoopla in China has ended. The Chinese copied and built millions of their own cheap cars and have begun export, hence leaving Tesla flat or declining sales in the near future.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,601
Likes
113,833
Country flag
Ya'll Nibbiars

1 .


2 .


3 .


4 .


6 .


7 .


8 .


9 .


10 .


11 .

GLvYb9IWgAA_VTN.jpeg
 

Latest Replies

Global Defence

New threads

Articles

Top