Prime Minister Narendra Modi with his British counterpart Keir Starmer during a meeting at Chequers Estate, in UK. (Pic credit: AP) NEW DELHI: India finally relaxed its highly-controlled duty rates on imported cars with the UK trade deal paving the way for customs charges to come down from the highs of 100%+ to as low…
CHENNAI: Electric vehicle penetration in three wheeler retails hit 60.2% in June 2025, up from 55.5% in the year-ago month. According to the latest auto retail data from the Federation of Indian Automobile Manufacturers, EV penetration in two wheeler retails hit 7.3% in June, up from just under 6% in the year ago period. EV…
NEW DELHI: Govt on Tuesday opened the window for auto companies to sell imported EVs by paying lower duty in return for promising to invest in the country. While Tesla has opted to stay out, doors have been shut for Chinese companies, such as BYD.Heavy industries and steel minister H D Kumaraswamy said four-five companies…
Tata Motors Group on Tuesday said its Jaguar Land Rover (JLR) arm is better prepared to tackle current global supply chain disruptions, including those arising from the West Asia conflict, China’s rare earth curbs and tariff wars, drawing on lessons learnt during the semiconductor shortage of the COVID-19 era.Group CFO PB Balaji said JLR is…
India’s power demand is projected to grow by 6.0–6.5 per cent annually over the next five years, driven by accelerating electric vehicle (EV) adoption, rapid expansion of data centres, and the development of green hydrogen projects, according to ICRA.“These three segments are expected to contribute to 20–25 per cent of the incremental demand over the…
NEW DELHI: Electric vehicle (EV) industry has “unanimously” agreed they won’t need subsidies once existing subsidy regime ends. “All sections” of the EV industry conveyed this to commerce minister Piyush Goyal in a meeting on Friday. The minister also said India is looking forward to strengthening economic relationship with the US under Trump presidency –…
GST Council की हालिया बैठक में EVs, Digital Payments, और Insurance से जुड़े कई बड़े फैसले लिए गए हैं। नए EVs पर 5% GST रहेगा, लेकिन Used EVs पर नियम अलग हैं। Digital Payments में ₹2,000 तक के Transaction पर राहत दी गई है, लेकिन पेमेंट गेटवे को कोई फायदा नहीं मिलेगा। हेल्थ और टर्म…
MUMBAI: Electric mobility firm Magenta Mobility on Monday said it plans to add 10,000 electric vehicles — both three and four-wheelers — over the next financial year and is also looking at expanding into new cities such as Nashik, Nagpur, Vijayawada, Indore and Kolkata, among others. The company also said that after establishing a strong…