upfront
Moody's has downgraded China's long-term local and foreign currency issuer ratings by one notch to A1 from AA3.
- May 27, 2017,
- Updated May 31, 2017 11:09 AM IST
On May 22, Tesla CEO Elon Musk said his India plans had been dampened by Make in India, which requires foreign companies to source at least 30 per cent of their products locally. For Tesla vehicles, "the supply doesn't yet exist in India to support that," he wrote. But the commerce ministry later reportedly clarified that this rule applied to only foreign retailers and not Tesla.
On May 22, Tesla CEO Elon Musk said his India plans had been dampened by Make in India, which requires foreign companies to source at least 30 per cent of their products locally. For Tesla vehicles, "the supply doesn't yet exist in India to support that," he wrote. But the commerce ministry later reportedly clarified that this rule applied to only foreign retailers and not Tesla.