Billionaire Elon Musk’s electric vehicle (EV) manufacturing company, Tesla Inc., shares dropped nearly 7% on the pre-market session after Musk’s intent to open a political party named the “American Party” spooked US market investors. Tesla shares dropped nearly 7% to $291.96 at 4:01 a.m. (EDT) on the premarket Nasdaq on Monday, 7 July 2025, ahead…
New Delhi: The number of India-based companies awaiting licences from China’s commerce ministry to procure rare earth magnets has nearly doubled to 21 from 11 two weeks ago, according to people familiar with the matter. These include Bosch India, Marelli Powertrain India, Mahle Electric Drives India, TVS Motor and Uno Minda, they said. Sona Comstar,…
Deliveries of Mahindra XEV 9e and BE 6 will begin between February and March 2025. The BE 6e is priced from ₹18.90 lakh (ex-showroom, introductory) while the XEV 9e comes at a introductory starting price of ₹21.90 lakh (ex-showroom). Loaded with futuristic technology that can take on some of the luxury vehicles, coupled with unique…
