Elon Musk has confirmed that the long-rumoured ‘affordable’ Tesla will not be a brand new model.

MotoGP had stated last year that the Bharat GP would return in the ‘early stages” of the 2026 race.

Norton Motorcycles is set to launch in India later this year, and the new FTA deal has touted the bike will be priced reasonably.

The MG Cyberster is the second product under the new premium channel, following the launch of the MG M9 last week.

The question is if BYD will introduce this EV to India and, if so, how it would influence the market for low-cost EVs.

The new Free Trade Agreement reduces tariffs on imports from the UK from 110 to 10 per cent.

The newly-signed agreement brings substantial tariff relief across multiple sectors, including automotive, aerospace, electrical machinery and more. (Image courtesy: ANI)

The JSW Group has interests in steel, real estate, paints, cement, paints, infrastructure, and many other sectors in addition to the automotive industry.

The Cyberster will be sold through the brand’s new premium channel, MG Select.

Tesla has reaffirmed its commitment to launching a budget-friendly vehicle model during the latter half of 2025.