Tesla’s Elon Musk to fulfill PM Modi in April, go to India to reveal funding plans: Report

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

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Tesla chief Elon Musk will go to India this month to fulfill Prime Minister Narendra Modi and is predicted to make an announcement on plans to take a position and open a brand new manufacturing facility within the nation, two sources with direct information mentioned.
The billionaire will meet Modi within the week of April 22 in New Delhi, and can individually make an announcement about his India plans, mentioned the 2 sources, who declined to be named because the journey particulars are confidential.

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The Tesla CEO shall be accompanied by different executives throughout his go to, mentioned the primary supply.
Reuters is first to report particulars of Musk’s deliberate India go to. Modi’s workplace and Tesla didn’t reply to requests for remark. Musk’s closing India journey agenda might nonetheless change.
Musk and Modi final met in New York in June, and Tesla for months lobbied India to decrease import taxes on electrical autos whereas it weighed up a manufacturing facility there. India final month unveiled a brand new EV coverage decreasing import taxes to fifteen% from 100% on some fashions if a producer invests not less than $500 million and units up a manufacturing facility too.

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Reuters has beforehand reported that Tesla officers are anticipated to go to India this month to have a look at websites for a producing plant that may require an funding of about $2 billion.
Tesla has additionally begun manufacturing of right-hand drive vehicles at its German plant for export to India later this 12 months, sources have mentioned.
Musk mentioned this week on X that “India should have electric cars like every other country has electric cars. It’s a natural progression to provide Tesla electric vehicles in India”.

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Tesla’s push into India comes as slowing EV demand in its fundamental U.S. and Chinese language markets coincides with intensifying competitors from Chinese language automakers. Tesla reported a drop in first-quarter deliveries that missed analyst estimates.
India’s EV market is small however rising and dominated by native carmaker Tata Motors TAMO.NS. EVs made up simply 2% of whole automotive gross sales in 2023. The federal government is focusing on 30% by 2030.

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