(AOF) – Tesla is said to have put its plans to sell electric vehicles in India on hold, abandoned the search for premises and reassigned part of its team there. This decision would stem from the fact that the manufacturer of electric vehicles would not have obtained lower customs duties. This was reported by Reuters, based on three sources with knowledge of the matter.
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New giant in used cars
The market, which represents 400 billion euros in Europe, is subject to a movement of concentration. The British group Constellation has taken over the retail platform, CarNext. The objective is to form a European leader in the sector and to impose itself against other leaders such as the German AutoHero, the British Cazoo or the French Aramis Auto. Fundraising is accelerating. The British Cazoo has announced its listing on the New York Stock Exchange via a Spac (Special Purpose Acquisition Company) to raise $1.6 billion. The German Auto1 Group raised 1.8 billion euros on the Frankfurt Stock Exchange while the French Aramis Group, a subsidiary of Stellantis, entered the Paris Stock Exchange.