Hyundai, Kia Motors, Tata and Mahindra are lobbying India’s most populous state not to offer incentives for hybrid cars, saying the move – set to help rivals Toyota and Maruti Suzuki – would hit targets on adopting electric cars and investment plans. Four separate company letters to Uttar Pradesh, seen by Reuters, highlight the rivalry … Read more
Mahindra Group has announced a massive investment plan of Rs 37,000 crore over the next three years, with a significant portion dedicated to the auto sector. Anish Shah, the Managing Director and CEO, revealed that the company aims to introduce 23 new vehicles by 2030. This ambitious plan includes the launch of nine internal combustion … Read more
Come April 1, 2024, potential buyers of electric scooters in India may need to brace themselves for a significant price hike, a potential increase of up to 10 percent. This surge, as forecasted by the Investment Information and Credit Rating Agency of India Limited (ICRA), could have notable implications for the affordability of electric two-wheelers … Read more
India’s electric vehicle (EV) sector received a major shot in the arm with the central government’s approval of a much-anticipated policy package.The new e-vehicle policy approved by the centre will attract investments from renowned global EV manufacturers. Now, let’s take a quick look at the key points of this new EV policy and how it … Read more
The Indian government has given the green light to a new electric vehicle scheme with tax relief aimed at positioning India as a prime manufacturing hub. This comes at a time when the Asian nation seeks to attract foreign money for local production from the likes of Tesla. India plans to lower import taxes on … Read more
New EV policy approved: The government has on Friday announced a new scheme for EVs with an aim to make India a manufacturing hub for electric vehicles. According to the Ministry of Commerce & Industry statement, the policy is designed to attract investments in the e-vehicle space by reputed global EV manufacturers.This scheme aims to … Read more
Coimbatore took a step towards becoming a global hub for electric vehicle (EV) manufacturing with the launch of the Tamil Nadu MSME EV Skilling Program. This collaborative effort between World Resources Institute (WRI) India and Facilitating MSMEs (FaMe) Tamil Nadu aims to equip Micro, Small, and Medium Enterprises (MSMEs) with the skills and knowledge necessary … Read more