Currently Indian ancillary makers are not all capable of supplying EV-specific components but some component makers are suppliers to global EV OEMs
"This forward-looking policy helps us introduce a wide variety of smart, green, premium-quality SUVs, at inclusive prices, along with outstanding aftersales policies," he added
The transport department is also looking to buy 100 e-buses, which will be deployed on select routes, such as Ghaziabad, Agra, and Ayodhya districts
The road infrastructure in rural areas is improving, leading to better demand for vehicles, OEMs say.
Scheme allows EV imports by manufacturers who commit to invest Rs 4,500 cr at 15% custom duty for 3 years
While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla's next move will be watched carefully
Credit rating agency ICRA expects the initial cost of an electric two-wheeler (e-2W) to increase by 10 per cent due to the reduced subsidy
New policy mandates companies to invest a minimum of $500 million in the country and will allow them three years to set up local manufacturing for EVs
Nissan is considering partnering with Honda on key EV parts, as well 'kei car' - boxy vehicles that are smaller and less powerful than regular cars, primarily made for the domestic market
Short duration, stricter compliance pushes EV makers to consider selling vehicles sans subsidy
According to a report by Acko Digital Insurance, a vehicle is stolen every 14 minutes in Delhi; Chennai's share has also doubled
50,000 truck trips will be cut due to new railway siding at automaker's Hansalpur plant in Gujarat
Two-wheeler sales jump 34%; PV exports up 20%
The MHI has made its last efforts to secure approval for extending the scheme before the March 31 deadline for FAME-II
Garg expressed his disagreement with concerns that the drop in hatchback sales implies that several first-time buyers are being edged out of the car market itself
Trends based on recent state elections and the 2019 general elections: Fada
Our dominance in the consumer group is unparalleled, especially in the auto portal segment, said Aneesha Menon
But there is a mismatch in the rules and their implementation on the ground
FAME-II scheme for electric vehicles to end on March 31
Ducati to launch Streetfighter V4 S in India on March 12, 2024. The motorcycle will come with a Desmosedici Stradale 90-degree V4 liquid-cooled engine