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...convinced, especially in India, that the car can compete against similarly priced gasoline-powered family sedans. "Reva is yet to hit the price-performance equation," says Mohit Arora, senior director for India for J.D. Power market research. According to Pawan Goenka, president of Mahindra & Mahindra's automotive business in Mumbai, "The challenge is to make the economics work in a price-sensitive Indian market." For electric cars, "performance and range are major bottlenecks," he says. (Read "Coming to an Ex-Car Dealer Near You: Pickups from India...

Author: /time Magazine | Title: Made in India: The $12,000 Electric Car | 7/21/2009 | See Source »

...Reva may have one factor going for it: "It has a first-mover advantage," says Hormazd Sorabjee, editor of Mumbai-based AutoCar magazine. He adds that the Reva could become "the Nano of electric cars," referring to the world's cheapest car, the Tata Nano, which sells for about $2,000. But that mantle may not have time to stick. India's Tata Motors, in partnership with the Norwegian electric-car research-and-development firm Miljoebil Grenland, plans to launch an all-electric version of the Nano in Norway early next year...

Author: /time Magazine | Title: Made in India: The $12,000 Electric Car | 7/21/2009 | See Source »

...announced. Clinton's speeches and interviews to the local media were full of references to India's greater role on the global stage. "[I] consider India not just a regional but global power," she told an Indian news channel on July 18, the day after she arrived in Mumbai. The irony of that statement was not lost on India's foreign policy set, given that the country's recent attempts to take a leadership role in international affairs, such as leading developing nations at the World Trade Organization (WTO) and in climate-change negotiations, has led it on a path...

Author: /time Magazine | Title: Clinton's Trip to India: What's the Takeaway? | 7/21/2009 | See Source »

...MUMBAI, India - In the days after the Indian elections on May 16, until the finance minister’s speech on July 6, the nation discussed only one subject: the budget of the incoming government. The Congress Party, reelected to power after holding office for the past five years, had won a large enough majority of parliamentary seats to create a governing coalition free of leftists—like members of the Communist Party—who had slowed market reforms in the past. The new government, more moderate and centrist in composition than in its past term, won such...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

...Wright's article, "Decoding God's Changing Moods," on historical interactions among monotheistic religions is interesting [June 15]. But when he refers to "the most dangerous of intra-Abrahamic fault lines, the one between Muslims and Jews," he is wrong. The attacks in New York, London, Bali, Madrid and Mumbai were planned and perpetrated by Muslim fanatics, but they were not directed against Jews. True, Islamic fundamentalism would like to convert the Middle East conflict from a territorial dispute into a religious war. But ultimately its problem is not with Judaism; it is with the rest of the world. Noru...

Author: /time Magazine | Title: Turn Off, Tune In, Log Out | 7/13/2009 | See Source »

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