
Tesla Vs BYD: India new battleground! China's this person to crush Elon Musk's dream? he has been an expert in…
In recent months, BYD has surpassed Tesla in global EV sales, delivering 380,000 cars worldwide, while selling just 500 units in India last month barely 0.1% of its global sales. Despite its relatively low profile in India, BYD's technology is considered highly advanced internationally. In China, its new models can charge in just 5 minutes and offer a range of over 500 kilometers, which is nearly 50 times faster than popular EVs like the MG ZS EV, according to investor Rahul Mathur. Journey Of BYD
Wang Chuanfu, the founder and chairman of BYD, is known for his tireless work ethic and for working 70 hours a week. He commutes by car himself, and lives alongside workers in BYD's factories. Originally a battery manufacturer, Wang founded BYD in 1995, entered the automobile market in 2003, and launched his first EV in 2009.
His vision is to make EV charging as quick and easy as refueling a petrol car. The late billionaire Charlie Munger, Vice Chairman of Berkshire Hathaway, once described Wang as a combination of Thomas Edison and Jack Welch. Berkshire invested $230 million in BYD in 2008, which has now grown over 15 times in value. BYD In India
In 2022, BYD launched its Atto 3 SUV in India, which is assembled in Chennai. However, as of May 2025, BYD accounted for less than 4% of India's EV market share.
Tesla, meanwhile, is preparing a major entry into India, hoping to compensate for its declining global sales by tapping into the fast-growing Indian EV market. But Wang Chuanfu can also block Musk at every turn. The Chinese businessman is preparing to deliver such a blow to Musk's Tesla that it would be hard for it to recover.

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United News of India
36 minutes ago
- United News of India
Companies in Hyde are really lucky to have Genome Valley: Estonian Ambassador to India Ms Marje
Hyderabad, July 25 (UNI) Estonian Ambassador to India Ms. Marje Luup today said that our business delegation, which had a three-day visit already, visited the Genome Valley in Hyderabad where we spent a couple of hours and also saw the vaccine production. ' I really have to compliment Hyderabad for having this kind of park. I would say that the companies in Hyderabad are really lucky to have this kind of Genome Valley', Ms Marje told reporters here. During the three-day visit, she said that our delegation met the dignitaries of Telangana, including Governor Jishnu Dev Varma and Minister for IT Sridhar Babu and Chief Secretary Rao and the Special Chief Secretary. In addition, we had a lot of interaction with private companies, the Ambassador said that we brought biotech companies delegation in 2022, and now it has been three years, so this time we came again with a business delegation, and we have the representatives of Estonian health tech cluster, Information and Communication Technologies (ICT) cluster, and AI and Robotics. These representatives are here and we have been trying to identify the possible collaboration areas with the companies here in Telangana, she said investments can work from both sides, so of course we are always welcoming Indian investments into Estonia, and we are also looking for possibilities for our companies to invest here. To a question, she said it is not only about export or investments, but also it's about collaboration of different companies in different software solutions, for example. To find out the possibilities for both sides of the businesses to have some useful new developments, she said the trade relations between Estonia and India, then there are quite a lot of traditional groups like we are importing timber, we are importing also Estonian cheese is available on the Indian market, Estonian liquors are available. Machinery we are exporting and some metals as well. Nevertheless, there is still a lot of potential in our trade. The trade is too small but it could be much bigger in numbers, she said 267 million euro bilateral trade covering merchandising and services. We had many very good discussions about possible cooperation in biotech and in ICT, she said Estonia is one of the frontrunners in ICT and Cyber security is also one of our strengths. So, these possibilities we have discussed, but also in engineering, and we have been also talking about usage of AI, she said that we have the representative of the health tech cluster, then there has been a lot of interest towards different solutions in Estonian health system. 'We have a patient portal, for example, where the data is stored electronically. We have an e-prescription, which can be used nowadays in nine countries of Europe, the Ambassador said that there are no paper prescriptions anymore in the country . The data is digitally disregarded. If you go to different doctors, they can access your data from the patient's portal. The data is always there, she said. In the case of cyber security, she said we are now 100% digital. Then we also have to protect our data. This is the reason why we have developed so much in cyber security. We have created a 'data embassy' in Luxembourg. So it's dubbing everything in our databases in Estonia. And this is rather a unique solution in the world and we are the first country to use the data embassy, she said. Reliance has invested in our country and it has a research and development center in Estonia, she said. When asked about any companies coming up from India to invest, she said ' yes' that some developments are in progress and I can't mention the names yet. But the biggest ones which are already present in Estonia certainly are Reliance and K-Champ. 'We have more than 4,000 e-residents from India in Estonia and they have established more than 1,000 companies in Estonia. All of those companies are not active, but most of them are, she said. And for Indian businesses, it's a possibility to enter the European market and also the Scandinavian market, which are big and quite rich markets, the Ambassador said. Data centers also have potential in terms of education. Data center is, come take a seat, she said some data centers are already working and enlarging their capacities. The ambassador was accompanied by a higher powered delegation including Mr Svewn Aulik, Ms Madli Rahuvarm and Ms Katre Ekjas –experts in health, ICT , e-governance, Cybersecurity, AI and robotics. UNI KNR GNK


Economic Times
2 hours ago
- Economic Times
IRDAI warns brokers on deal rush
Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) has raised concerns over a surge in merger, acquisition, and demerger activities in the insurance distribution space, cautioning brokers against adopting sharp practices to solely inflate their valuations. "We have been witnessing record activity among brokers and other distribution intermediaries," said Satyajit Tripathy, member (distribution), IRDAI, at an Insurance Brokers Association of India event. "While this is fine by all means, I must add a word of caution that with increased growth being seen, we need not be adopting what we call as sharp practices to increase valuation, get listed, and to do business in a way, which may in the long run prove detrimental to the whole ecosystem." The inflow of private equity capital into insurance broking has risen about 20x between 2011-17 and 2018-24 to reach $4.8 billion. Indian insurance broking has 735 licensed brokers of which the top 36 drive over 85% of revenue, implying a long tail of brokers that have not scaled, according to a report by IBAI and acknowledged the significant value addition brought in by brokers to the industry in the last 4-5 years, particularly the event, the government urged over 700 insurance brokers to deepen insurance reach across the country and called on brokers to ensure access to affordable and appropriate insurance solutions for every Indian whether self-employed, salaried, agricultural, or industrial. "There is a vast untapped potential in Type 2 and Type 3 cities, agricultural and rural zones, in unorganised sectors, and among small businesses," said M Nagaraju, secretary, Department of Financial Services. "We believe insurance brokers can possibly increase awareness about the importance and availability of insurance in remote and low-income populations."
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Business Standard
2 hours ago
- Business Standard
India-UK trade pact: Tariff cut may not impact Scotch whisky retail prices
The India-UK free trade agreement (FTA), under which tariffs on whisky and gin have been halved from 150 per cent to 75 per cent, which will further fall to 40 per cent in a decade's time, will not necessarily impact prices of Scotch whisky and gin for Indian consumers. According to a May 2025 report from the International Wine & Spirit Research (IWSR), blended Scotch grew the strongest of all the large whisky categories in India in 2024, with volumes rising by medium single digits and sales more than doubling since 2020. India is known to be a whisky market, with widespread national sales. However, while the data company's forecasts anticipated an upside from the FTA, it added that its impact should not be overestimated. 'While tariffs have been slashed from 150 per cent to 75 per cent, the impact on shelf prices is closer to 10 per cent and it is not a given that this will be passed on to consumers,' it had stated in the 2025 executive summary. The revised tariffs will apply to both bottled-in-origin (BIO) and bulk imports. Industry executives agree, stating that tariffs make up only up to 15 per cent of the final retail price, and with state taxes and costs for distribution and marketing, prices could be down by a mere 10 per cent. This may not be passed on to consumers, they said on the condition of anonymity. A senior commerce ministry official said that a major portion of whisky imports into India are used in the manufacture of blended whisky, whose production is set to rise due to cheaper raw material. 'We are foreseeing significant strategic and cost advantages from this development. We have estimated our Scotch requirements at over ₹250 crore in 2025-26 (FY26), and this treaty represents a substantial opportunity for value creation,' said Abhishek Khaitan, managing director at Radico Khaitan, one of the largest importers of Scotch whisky. Some liquor players also believe that the FTA will help consumers have access to premium Scotch whisky at reduced prices. 'The UK FTA is a positive move for the Scotch whisky segment, and it will enhance accessibility and affordability for Indian consumers. For import-driven portfolios like ours, this could fast-track category adoption, bring price parity closer to Indian Made Foreign Liquor (IMFL), and enable deeper reinvestment into consumer-building efforts,' said Debashish Shyam, cofounder and director, Ardent Alcobev, which sells Dram Bell blended Scotch whisky. However, the real benefit, Shyam added, will depend on how quickly the duty reductions are implemented, and whether the states align their tax structures accordingly. Spirits made up 51.2 per cent of the total beverage alcohol market in 2024, dominated by whisky. According to the data company, India consumed 258,750 under-9-litre cases of whisky in 2024, which is set to witness a compound annual growth rate (CAGR) of 3.1 per cent from 2024 to 2029. These included 8,509.60 cases of Scotch whisky, the company stated, adding that India is set to become the biggest Scotch market in the world by 2027.