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MAHDY - Tesla advances goal of selling vehicles in challenging India market

Mahindra & Mahindra Ltd. GDR - 144A
Tesla (TSLA +0.7%) tracks closer to selling cars in India after receiving approval to make or import different models in the nation. A posting on the India Ministry of Road Transport and Highways' website indicates four different TSLA models were approved for being on the roads in India. Tests conducted by the regulator on the vehicles matched the requirements of the Indian market in terms of emission and safety and road worthiness. Tesla (NASDAQ:TSLA) still faces a long road in India to any meaningful market share due to the low rate of EV adoption and its expensive pricing in comparison to the average selling prices in the region. In addition, clean energy vehicles are not given the tax breaks they see in other markets. Tata Motors (TTM -0.7%), Maruti Suzuki (OTCPK:SZKMF), Hyundai (OTCPK:HYMLF), Bajaj Auto, Renault SA (OTC:RNSDF) and Mahindra & Mahindra (OTCPK:MAHDY) are some of the big sellers in India. Looking

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Tesla advances goal of selling vehicles in challenging India market
Stock Information
Company Name: Mahindra & Mahindra Ltd. GDR - 144A
Stock Symbol: MAHDY
Market: OTC
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