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Ev Charging Accessibility, Tesla EV Push, Unicorn Companies,Instagram, Amazon, Oil Prices, Etc

Author

Vaishali Sharma
April 12, 2024

 Tata Passenger Electric Mobility and Shell Partner to Boost EV Charging Accessibility Across India:

  • TPEM and Shell India Markets sign an MOU to deploy public EV charging stations in India.

  • Collaboration aims to utilise Shell's widespread fuel station network and TPEM's insights from 1.4 lakh Tata EVs to set up chargers at popular locations.

  • Focus on delivering superior charging experiences to Tata EV owners, enhancing convenience and accessibility.

  • Strategic partnership seeks to promote EV adoption by introducing convenient payment systems and loyalty programs.

  • Shell EV Recharge locations offer reliable and ultra-fast charging with a 98-99% uptime, along with convenient retail options.

  • Both partners are exploring digital integration and customer-centric initiatives to drive widespread EV adoption.

  • TPEM had previously signed similar agreements with Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) for setting up EV infrastructure.

 India Ranks Third Globally in Unicorn Count, Indians Found More Offshore Unicorns:

  • Indians have founded more offshore unicorns (109) than any other country, surpassing the 67 unicorns founded within India.

  • India ranks third globally with 67 unicorns, with leading startups including Swiggy, Dream11, and Razorpay.

  • The US leads globally with 703 unicorns, followed by China with 340.

  • London emerges as the most active city for unicorns outside the US and China, followed by Bengaluru, Paris, and Berlin.

  • The report highlights the symbiotic relationship between startups and strategic investment, with Tiger Global, Softbank, and HongShan being the most successful unicorn investors.

  • However, there has been a slowdown in new unicorn investments in 2024, attributed to challenges in investor exits.

  • The world's unicorns come from 53 countries, spread across 291 cities, with a total of 1,453 unicorns, marking a new world record.

 India's EV Push: Tesla to Invest $2-3 Billion in Entry-Level Electric Car Manufacturing:

  • Elon Musk announces meeting with PM Modi in India, sparking speculation about Tesla's project.

  • Tesla plans to invest $2-3 billion to establish a factory producing entry-level electric cars in India.

  • India's recent policy extends concessions to foreign carmakers investing in local manufacturing.

  • India's burgeoning electric vehicle market offers growth opportunities for Tesla amid declining sales globally.

  • Domestic electric passenger vehicle sales have surged, supported by government incentives and falling battery prices.

  • Concerns about Chinese competition in India are mitigated by government scrutiny of Chinese investments.

  • India's luxury car manufacturers may not benefit from the new EV policy due to existing investments and low market share.

  • India presents a significant market for Tesla's affordable and other models, shielding it from competition from Chinese carmakers.

Briefs, You Can’t Miss:

  1. SBI Declines Disclosure of Electoral Bonds' Details under RTI Act.

  2. Reliance Retail's Tira Introduces 'Tira Tools': Premium Beauty Accessories Line.

  3. Damson Technologies Plans Rs 150 Crore Investment to Shift Smart Gadgets Production to India.

  4. ADB Upgrades India's FY25 GDP Growth Forecast to 7% on Strong Investment, Consumer Demand.

  5. Adani's Remarkable Transformation: From Desert to Renewable Energy Park Larger than Paris.

  6. Mercedes-Benz Surpasses BMW in India's Luxury EV Segment.

  7. RBI Report Emphasises Government's Infrastructure Focus for Sustained Investment Revival.

  8. Citroën Makes History as First Multinational Carmaker to Export EVs.

  9. India Ranks 10th in Cybercrime; Russia Leads, Followed by Ukraine.

  10. After the tax treaty revision, foreign investors in Mauritius will no longer get tax relief.

World Briefs

  • China Emphasises Mutual Interests in Response to PM Modi's Border Row Comments.

  • Middle East Tensions Drive Incremental Rise in Oil Prices.

  • Apple Warns Users in 92 Countries of Potential Mercenary Spyware Attacks.

AI Briefs

  • Amazon Welcomes AI Expert Andrew Ng to Board Amid Intensifying GenAI Competition.

  • Meta Harnesses AI to Safeguard Minors from 'Sextortion' on Instagram.