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In India, it's advantage Tesla as Chinese automakers face heat, ET Auto

Tesla could enter India with ease as its largest rival in electric vehicles from China, BYD, faces increased scrutiny from New Delhi, clearing the way for Tesla to negotiate terms for an entry to the worlds third-largest auto market without competition from BYD. Tesla CEO Elon Musk has held talks with Indian officials on a potential plant investment and plans to build a new low-cost USD 24,000 EV.
New Delhi Elon Musk Byd India Investment Tesla India Tesla India Investment Tesla India Manufacturing

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Pinnacle Associates Ltd. Has $51.42 Million Position in Boyd Gaming Co. (NYSE:BYD)

Pinnacle Associates Ltd. decreased its holdings in Boyd Gaming Co. (NYSE:BYD – Free Report) by 10.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 801,985 shares of the company’s stock after selling 91,074 shares during the quarter. Boyd Gaming accounts for about 1.1% of Pinnacle Associates Ltd.’s holdings, making the stock its 10th […]
United States Las Vegas James Investment Research Inc Pinnacle Associates Ltd Atria Wealth Solutions Inc Boyd Gaming

byd: Chinese carmaker BYD faces Indian tax investigation: Sources

Chinas largest electric vehicle (EV) maker, BYD, faces allegations of tax evasion on imported car parts used in the vehicles assembled by the company in India, according to sources familiar with the matter. The Directorate of Revenue Intelligence (DRI) has alleged that BYD underpaid tax of 730 million rupees ($9m), although the automaker has since deposited that sum.
New Delhi Xiaomi Corp Revenue Intelligence Nikunj Ohri Aditi Shah Zoey Zhang

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