Business
Tesla Sells 225 Electric Vehicles In India In 2025
New Delhi: US-based Electric vehicle (EV) manufacturer Tesla sold 225 units of its only electric vehicle in India, Model Y SUV, in calendar year 2025, according to industry data. Federation of Automobile Dealers Associations (FADA) data showed that Tesla retailed 64 units in September, 40 in October, 48 in November and 73 in December.
US electric‑vehicle maker is yet to complete a year of retail deliveries in India as it opened its maiden showroom in July. The company currently offers the Model Y in India as a completely built unit with a rear-wheel-drive (RWD) powertrain.
The standard RWD variant of Model Y is priced at Rs 59.89 lakh (ex-showroom), while the Long Range RWD is priced at Rs 67.89 lakh (ex-showroom). Prices are significantly higher than those in overseas markets due to India’s high import duties on fully built vehicles.
Tesla operates experience centres in Gurugram, Mumbai and Delhi, with around 12 superchargers and 10 destination chargers across those cities.
Tesla claims a range of up to 500 km and the Long Range up to 622 km for Model Y. The standard variant accelerates from 0‑100 kph in 5.9 seconds and the Long Range in 5.6 seconds; both have a top speed of 201 kph.
Fast charging can restore roughly 238 km of range for the standard model and about 267 km for the Long Range in 15 minutes, the company claimed.
India’s electric vehicle market accounted for 8 per cent of all new vehicle registrations in 2025 with total EV sales reaching 2.3 million units, according to Vahan Portal data.
The report from India Energy Storage Alliance (IESA) said electric two‑wheelers led the EV growth with sales of 1.28 million units, touching 57 per cent of EV sales, while electric three‑wheelers (L3 and L5) accounted for 0.8 million units, or 35 per cent of EV sales.
Electric four‑wheelers sales were at 1,75,000 units, with notable momentum in small and light commercial electric goods carriers, the report said.
It is unusual for a senior figure at the Bank to be so forthright on market movements.
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People walk past a Nike store in New York City, on April 2, 2025.
Kylie Cooper | Reuters
Nike announced a new round of layoffs Thursday affecting approximately 1,400 employees across the organization, mostly concentrated in its technology department.
In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of Nike’s broader “Win Now” turnaround strategy aiming to reshape its technology team, modernize its Air manufacturing, move some of its Converse Footwear operations and integrate its materials supply chain work into its footwear and apparel supply chain teams.
“Collectively, these changes will result in a reduction of approximately 1,400 roles in global operations, with the majority in technology,” Alagirisamy wrote. “These reductions are very hard for the teammates directly affected and for the teams around them, too.”
A Nike spokesperson said the layoffs are about better positioning the organization for the current pace of sports and accelerating its growth. The layoffs affect employees across North America, Asia and Europe and represent less than 2% of the company’s total global head count.
“This is not a new direction,” Alagirisamy wrote. “It is the next phase of the work already underway.”
Affected employees will be notified beginning Thursday, Nike added.
CEO Elliott Hill has been working to turn Nike around after years of slumping sales. While Hill has made some initial progress, it’s come with some bumps in the road.
Nike announced 775 job cuts in January, primarily at its U.S.-based distribution centers, due to the company’s work in accelerating its use of automation. At the time, the company said the cuts are part of Nike’s goal to return to “long-term, profitable growth.”
Those layoffs came on top of a round of cuts last summer that affected less than 1% of Nike’s corporate staff as part of the company’s efforts to realign the business.
In its third fiscal quarter earnings report last month, the retailer warned that sales will continue to fall for the rest of the year, primarily led by an anticipated 20% decline in China during the current quarter.
— CNBC’s Jessica Golden contributed to this report.
A key reason for the layoffs is Meta’s increased spending in other areas of the company, including AI, for which it will this year spend $135bn (£100bn). This is roughly equal to the amount it has spent on AI in the previous three years combined, according to a person who viewed the memo.
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