Want to, but import duties highest in world: Tesla CEO on India car launch
Tesla founder Elon Musk said on Saturday that his company wants to launch cars in India, however, the country's import duties on electric vehicles are 'highest in the world by far'
View ArticleImproving demand, peak capex to trigger linear growth in tyre industry
Improving demand along with stable competitive intensity, and peak capex is expected to trigger linear growth for the Indian Tyre industry
View ArticleIndia plant likely if Tesla succeeds in importing cars, says Elon Musk
The California-based car producer is currently lobbying for lower taxes on imports as it considers plans to expand into India, one of the world's biggest emerging car markets
View ArticleInvestments on e-mobility in India to depend on stable policy: Yamaha
Japanese two-wheeler major Yamaha is working on an all-new electric vehicle platform for India and other global markets but the company's investments on electric mobility in the country
View ArticleAbout 90% consumers in India willing to pay a premium for buying EV: Survey
The top reason for buying an EV is environmental concern
View ArticleAudi, Mercedes-Benz upbeat about electrification journey of PVs in India
Although the FAME II scheme by the Centre has not offered direct benefits for personal passenger vehicles, incentives like 5 per cent GST on electric cars will also help, they feel.
View ArticleTata Motors posts Rs 4,450 cr loss in June qtr as chip shortage takes toll
The company's UK subsidiary expects Q2 to be worse, sees recovery only in the second half of FY22
View Articlee-Nexon to contribute 5% of company's PV sales soon: Tata Motors CFO
Firm plans to launch 10 electric vehicles by 2025, N Chandrasekaran, chairman, Tata Motors said in a letter to shareholders
View ArticleUsed-car market to more than double to 8.2 mn units by FY'26: Report
The pre-owned car market is set to more than double to 8.2 million units or $47 billion over the next five years ending FY'26 from 4 million in FY'21 or $17 billion
View ArticleBajaj Auto, Pierer Industrie AG to rejig shareholding pattern in KTM
Bajaj Auto Ltd on Monday said it has reached an agreement its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM
View ArticleSkoda to expand presence to100 cities in India by next month
Some of the new cities where the brand is making a foray include Sangli, Bhilwara, Faridabad, Panchkula, Navsari, Vapi and Hardoi, among others.
View ArticleAuto major Hyundai pitches for import duty cut on electric vehicles
Any duty rate cut by the government on imported electric vehicles would be very beneficial, says firm
View ArticleElectric two-wheelers may account for 10% of sales in 2-3 yrs: Ather
In 2020-21, total two-wheeler sales in India stood at 15,119,387 units as against 17,416,432 units in 2019-20, down 13.19 per cent
View ArticleYulu Bikes looks to hitch a ride on the fast expanding e-commerce segment
The tech base mobility solutions firm looking to make deep inroads in last-mile delivery
View ArticleIndia's Droom aims to list on Nasdaq, valuation crosses $1.2 billion
Online automobile marketplace expects to benefit from customers looking to own vehicles, avoid public transport.
View ArticleIf Tesla joins 'Make in India', govt will lower import duty: report
Musk recently said that his electric vehicle (EV) company wants to launch cars in India, but the country's import duties on EVs are "highest in the world by far"
View ArticleTata Motors plans to hike passenger vehicle prices from next week
The Mumbai-based auto major sells a range of passenger vehicles like Tiago, Nexon, Harrier and Safari in the domestic market.
View ArticleAshok Leyland to invest up to $200 million in EVs via Switch Mobility
Hinduja group flagship firm Ashok Leyland will invest up to USD 200 million (nearly Rs 1,500 crore) in its electric vehicles journey through its UK-based arm Switch Mobility
View ArticleMaruti Suzuki Q1 profit falls 62% as Covid-19 hits output, sales
Commodity super cycle to hit margins, says carmaker
View ArticleAshok Leyland draws up EV road map, plans to launch first e-LCV in Dec
Company's EV push will be done through UK-based Switch Mobility - a combined entity of Ashok Leyland's electric CV operations and erstwhile Optare of UK
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