India’s Import Tax Cuts Present An Opportunity For Tesla
Last Friday, the Indian government announced that it would cut the import tax on vehicles, which is exactly what electric car manufacturers like Tesla and other competitors are looking for to get their foot set in the third-largest car market in the world. For years now, the import tax in India has been very hefty….
ABHYUDAYA MITTAL
Union Cabinet Approved Royalty Rates For Rare Minerals
In an announcement made on Wednesday, the Union Cabinet approved royalty rates for some critical and strategic minerals. This decision comes after Minister of Mines, Vivek Bharadwaj announced that India will be auctioning some critical mineral mines. The royalty for Lithium, Rare Earth Elements (REE) and Niobium are 3%, 1% and 3% respectively. In August,…
JYOTI
India Records 1 Million EV Units Sales In FY 2023
The data released by the Society of Manufacturers of Electric Vehicles (SMEV) showed record-high sales for electric vehicles in India for the financial year 2023. The data showed that the EV industry had witnessed sales of 11,52,021 units, and this number increased by 58% compared to 7,26,861 units sold in the previous year. Out of…
abhinav singh
Master Plan 3 Unveiled By Musk At Tesla’s Investor Day
The co-founder, CEO, and billionaire Elon Musk revealed a new ambitious master plan at the Investor Day event hosted by Tesla in Austin, Texas, on Wednesday. This new aspiration plan requires an investment of $10 trillion to achieve a “sustainable energy future”. The third part of Tesla’s master plan aimed at making efforts to reduce…
SHAHID MUSHTAQ
Mercedes-Benz Sales Decline By 1% In The Previous Year
The biggest luxury carmaker Mercedes-Benz delivered 2. 5 million cars in 2022, which is 1% down compared to the previous year, said the company on Tuesday. It also mentioned that it could be the impact of COVID-19 measures and bottlenecks. The company said that entry-level vehicles, the lowest price segment of the brand, saw a…
Chinese Carmaker To Bring Electric SUV To Indian Market Soon
World’s largest electric vehicle company by volume ━ BYD ━ to step into the Indian mainstream electric vehicle market with an electric SUV. The electric car is expected to run on Indian roads in the upcoming festive season. According to the reports, Warren Buffet-backed, a Chinese electric vehicle manufacturer, which took over Tesla last year,…
Vishal Prajapati
Ola Electric Aims To Build ‘World’s Largest Electric Vehicle Ecosystem At One Site’
Ola Electric’s CEO Bhavish Aggarwal has outlined an ambitious plan to build the ‘World’s Largest Electric Vehicle Ecosystem At One Site’. The plan will be executed in the Future Factory of Ola in Tamil Nadu. Ola decided to manufacture two-wheeler electric vehicles, including scooters & motorcycles, cars, and batteries to be used in electric vehicles….
Shipra Prajapati
Mahindra Group Likely To Split Auto Business Into Three Units
The Mahindra Group has initiated a restructuring to trifurcate which contributes 55% to the group revenue. The exercise will involve separating the electric vehicles (EV), tractors, and passage vehicles (PV) business into three independent companies via a demerger process, according to the people who know the plan. Currently, these belong to Mahindra & Mahindra as…
CESL Launched Tender Worth ₹ 5,500 Cr. for 5,580 Electric Buses
Delhi: Chief Minister, Arvind Kejriwal, flagged-off first e-bus on Monday, and 300 more buses will join the public transport system soon. CESL, Central Government Agency Convergence Energy Services Ltd., launched the biggest tender ever worth INR 5,500 crore to procure 5,580 buses, including double-decor, in the capital city, New Delhi. With this, the Delhi government,…
John David
Electric Vehicles Sales Grew By 240% in December 2021
India: A huge market of electric vehicles (EV) seen in December 2021, predicts that India is going to have a massive demand for electric vehicles in forthcoming years. As per reports shared by JMK Research and Analytics, more than 50,000 new electric vehicles were registered in December, 2021, which is 240% higher than in December…
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