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Tesla's long-awaited entrance into India is now just months away. Elon Musk has already confirmed the entry of Tesla to India. However, things are not as smooth as we wold expect from the largest electric car maker. Despite India being a strategically important market for Tesla, the company is facing a few major hurdles that have dampened its launch plans in the fifth-largest car market. High taxes India has the world's highest car taxes. It comprises a 28 percent Goods and Services Tax (GST) and other levies ranging from 3% to 22%. At the moment, car taxes may be as high as 50%. In places like New Delhi, electric vehicle subsidies do exist, but they aren't enough to make Tesla's vehicles affordable to a larger population. High taxes deter demand, making it less likely for makers to pass on cost savings to consumers. For foreign companies, this has proven disastrous, and Tesla may be next in line. According to  Toyota, India's high taxes may ...

Mahindra XUV700 outsells Tata Harrier & MG Hector. The XUV700 has been an incredible success for the Mahindra. The new SUV has outsold its competitors. Mahindra XUV700 goes against Tata Harrier, MG Hector, Hyundai Alcazar and Tata Safari. Mahindra has discontinued the XUV500 and XUV700 replaces the XUV500 in the line-up for now. However, Mahindra is working on an all-new generation of XUV500 which will be launched in the future. Mahindra sold 3,407 units of XUV700 in October’21. Hyundai sold 1,392 units of Alcazar in the same period. MG sold 2,478 Hector twins. Tata sold 3,097 units of Harrier and 1,725 units of Safari. When we combine the sales of Harrier and Safari, they are still ahead of the XUV700 Mahindra already has more than 70,000 bookings for the XUV700. They have also started deliveries of the XUV700. Till now, Mahindra has delivered more than 700 units of XUV700 to its customers. The deliveries of only the petrol engine have started. The delivery of diesel SUVs will sta...