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All electric cars with an ex-showroom price of Rs 30 lakh or less registered in the national capital will be granted 100 per cent exemption on road tax and registration fees, as the Delhi government approved a new EV policy on Monday. Under the new policy, people buying e-two-wheelers will get a subsidy of Rs 30,000 in the first year, Rs 20,000 in the second year and Rs 10,000 in the third year. As part of the policy, only electric autorickshaws will be registered in Delhi from January 1, 2027, while registration of new petrol and CNG two-wheelers will be phased out, with only electric two-wheelers to be registered from April 1, 2028. Addressing a press conference, Chief Minister Rekha Gupta said that around Rs 15,000 crore will be invested under the new policy over the next four years to promote electric mobility and reduce vehicular pollution in the national capital. The policy, approved by the Delhi Cabinet, will come into effect from July 1, Gupta said, describing it as a major
Electric carmaker VinFast Auto India on Tuesday said it has partnered with CSB Bank to provide auto and inventory financing for its dealer network. The company has signed a Memorandum of Understanding (MoU) with CSB Bank for the purpose, VinFast Auto India said in a statement. The partnership aims to deliver a comprehensive and convenient suite of credit solutions for potential customers of electric SUVs -- VF 6 and VF 7, supporting VinFast's growth strategy in the world's third-largest automotive market, it added. "Through this collaboration, we aim to offer flexible financing solutions that reduce entry barriers, while continuing to build a reliable and well-rounded ecosystem. It is one of several steps we are taking to ensure a consistent, dependable, and customer-focused EV experience in the country," VinFast India CEO, Tapan Ghosh said. CSB Bank Head Retail Banking, Narendra Dixit said as adoption of electric mobility accelerates, there is a growing need for accessible financ