Tesla to launch first charging station in India at Mumbai's BKC on August 4
One of the key highlights is the charging capability of the Tesla Model Y, which can gain up to 267km of range in just 15 minutes via a Supercharger, enough for five round trips between Mumbai's Chhatrapati Shivaji Maharaj International Airport and the Gateway of India.Tesla Superchargers offer a reliability uptime of 99.95%. Charging performance depends on variables such as battery temperature and current charge level, but Tesla vehicles can smartly route users to available stations and precondition the battery for optimal charging speeds. The Tesla app allows users to locate Supercharger stalls, monitor progress, receive completion alerts, and handle payments, all from their smartphones.In a parallel move, Tesla has opened its Design Studio to all Indian cities, enabling customers to personalise and order their vehicles online via Tesla's website.The Model Y is now available for orders in India, with deliveries prioritised for Mumbai, Pune, Delhi, and Gurugram starting from Q3 2025.Two trims are available:Rear-Wheel Drive: 500km range, 0–100 km/h in 5.9 seconds, base price Rs 59.89 lakh (ex-showroom)Long Range Rear-Wheel Drive: 622km range, 0–100 km/h in 5.6 seconds, base price Rs 67.89 lakh (ex-showroom)Tesla is also offering a complimentary wall connector with every new Model Y purchase, allowing users to charge their vehicles conveniently at home and reduce reliance on charging stations.Subscribe to Auto Today Magazine- EndsTune In
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Economic Times
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NDTV
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Karnataka Transport Staff To Go On Strike From August 5
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Tesla for years had more repeat US customers than any other major automotive brand but its loyalty has plunged since CEO Elon Musk endorsed President Donald Trump last summer, according to data from research firm S&P Global Mobility shared exclusively with Reuters. The data, which has not been previously reported, shows Tesla customer loyalty peaked in June 2024, when 73 per cent of Tesla-owning households in the market for a new car bought another Tesla, according to an S&P analysis of vehicle-registration data in all 50 states. That industry-leading brand loyalty rate started to nosedive in July, that data showed, when Musk endorsed Trump following an assassination attempt in Pennsylvania on the Republican nominee. The rate bottomed out at 49.9 per cent last March, just below the industry average, after Musk launched Trump budget-slashing Department of Government Efficiency in January and started firing thousands of government workers. 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Musk's increased political activism was "very bad timing" for Tesla, said Garrett Nelson, an analyst who tracks the EV maker at CFRA Research, because it came exactly as the company faced heightened competition from Chinese EV makers and other traditional automakers. He said his top concerns for Tesla are its loss of market share and "what can be done to repair the brand damage." LOYALTY NOSEDIVE Tesla remains the US electric-vehicle sales leader but has seen its dominance erode as Musk last year delved into politics and focused Tesla more on developing self-driving technology than on new affordable models for human drivers. Customer loyalty is a closely watched auto-industry metric because it is “much more expensive� to take new customers from competitors than to retain existing ones, said S&P Libby. S&P offers some of the most detailed industry data on automotive purchases because it analyzes vehicle registration data from all 50 states on a household-by-household basis. Unlike survey data, it follows actual vehicle transactions to track how consumers migrate among brands and models. From the fourth quarter of 2021 through the third quarter of last year, more than 60 per cent of Tesla-owning households bought another one for their next car purchase, the data show. Only one other brand Ford posted a quarterly loyalty rate exceeding 60 per cent during the period, and only once. CUSTOMER DEFECTIONS S&P data also examines another aspect of the automotive market: Which brands and models are taking customers away from others, and which ones are losing them? Until recently, Tesla was in a different stratosphere than other automotive brands on this metric. For the four years prior to July 2024, Tesla, on average, acquired nearly five new households for every one it lost to another brand. No other brand from a major automaker was even close: Hyundai's luxury Genesis brand was the next best, acquiring on average 2.8 households for every one it lost, followed by Kia and Hyundai, which acquired on average 1.5 and 1.4 households, respectively, for every one they lost. Ford, Toyota and Honda lost more households on average than they gained during that period. Tesla average inflow of customers started to decline in July 2024 along with its loyalty rate. Since February, Tesla has been gaining fewer than two households for every one it loses to the rest of the industry, its lowest level ever, according to the data. The data shows clearly that the net migration to Tesla is slowing, Libby said. Brands that now attract more Tesla customers than they lose to Tesla include Rivian, Polestar, Porsche and Cadillac, the data show. Brian Mulberry, client portfolio manager at Tesla investor Zacks Investment Management, said he isn't concerned about Tesla long-term earnings because he expects enormous profits from its plans to operate robotaxis and license self-driving technology to other automakers. Tesla launched a small test of robotaxis in Austin in June, giving rides to hand-picked fans and Internet personalities but the service isn't available to the general public. If Tesla succeeds in expanding the technology, Mulberry said, “there a case to be made that Tesla doesn need to sell cars and trucks anymore.
