Battery swap scheme incentive close to finalising in India
The Indian government is expected to finalise incentives under its new battery swap scheme for electric vehicles (EVs) within the next two months, an official told, amid a broader clean…
Electric SUV breaks all sale records
Tata Motors has created a new record of sales in the electric vehicle segment. The company informed that the Tata Nexon EV has managed to sell 13,500 units in less…
Maruti Suzuki margins jump on price hikes, improved chip supply in scope
Shares of India’s top carmaker Maruti Suzuki surged more than 7% on Tuesday as a series of price hikes, to offset high material costs, improved margins despite a fall in…
Tesla in ‘weird stalemate’ on tax cut demands with no investment pledge in India
Talks between India and Tesla Inc over potential tax benefits are deadlocked as the government is not keen to give the company any breaks without a commitment to manufacture locally,…
India’s Maharashtra state bats for Tesla over import tax on EVs
India’s western Maharashtra state on Wednesday urged the federal government to lower tax rates on imported cars in the budget on Feb. 1, following calls by electric carmakers like Tesla…
गाड़ी का इंश्योरेंस:5 से 10% तक महंगा हो सकता है
बीते 2 सालों से गाड़ी मोटर इंश्योरेंस प्रीमियम में कोई बढ़ोतरी नहीं हुई है लेकिन इस साल इसमें 5-10% तक बढ़ोतरी हो सकती है। इंडस्ट्री सूत्रों के मुताबिक, देश की…
Under India’s battery scheme, Reliance, Ola Electric, Mahindra bid for incentives
India’s Reliance Industries (RELI.NS), Softbank Group-backed Ola Electric and automaker Mahindra & Mahindra (MAHM.NS) have submitted bids under the country’s $2.4 billion battery scheme, the government said on Saturday. Last…
Sensation after Musk’s tweet, these states want Tesla to set up factories
After Telangana, now Maharashtra and West Bengal have the sensation to invite Tesla CEO Elon Musk. To set up electric vehicle (EV) manufacturing plants in their state. Maharashtra Water Resources…
Union Budget 2022: ACMA seeks lower GST on auto components
Union Budget 2022:Auto components industry body ACMA. On Tuesday said it has urged the government for a uniform GST rate of 18 % on all auto parts. To curb the…
Fuel demand in India hit 9-month high in December
India’s fuel consumption in December scaled a nine-month peak, government data showed on Tuesday. Although a fresh coronavirus wave may slow the gradual recovery of demand in the world’s third…