RattanIndia Enterprises welcomes the Production Linked Incentive (PLI) scheme announced by the Govt. of India today for automobile industry with a budgetary outlay of Rs 26,058 crore. As per the press release by Govt. of India – this PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products. It […]
Electric Vehicles
Surge in electric vehicle sales power lithium prices as shortages loom – EQ Mag Pro
More investment in lithium production is needed to meet future needs of the electric vehicle supply chain, analysts say LONDON: Lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Targets to cut carbon emissions […]
Toyota, Honda oppose U.S. House electric vehicle tax plan – EQ Mag Pro
Toyota said in a statement that the plan unveiled late Friday discriminates “against American autoworkers based on their choice not to unionize.” WASHINGTON: Toyota Motor Corp and Honda Motor Co on Saturday sharply criticized a proposal by Democrats in the U.S. House of Representatives to give union-made electric vehicles in the United States an additional […]
Centre wants Tesla to first start production in India before any tax concession – EQ Mag Pro
At present, cars imported as completely built units attract customs duty ranging from 60% to 100%, depending on engine size and cost, insurance and freight value less or above $40,000 New Delhi: The heavy industries ministry has asked US-based electric car major Tesla to first start manufacturing its electric vehicles in India before any tax […]
Centre Asks Tesla To Manufacture Cars In India Before Getting Any Tax Relief: Report – EQ Mag Pro
In a ‘Make in India’ push, the Centre has asked Tesla to initiate production in India first in order to be considered for import duty relief. The Union Government has asked Elon Musk-owned Tesla to manufacture its green vehicles in India in order to be considered for tax concessions, sources have revealed. The company which […]
This Govt Company Will Buy 1 Lakh Electric Vehicles By Spending Rs 3000 Crore! – EQ Mag Pro
The central government wants to convert 60 lakh three-wheelers to electric cars (EVs). The step is towards the goal of turning 30% of all road wheels to electric by 2030. The central government wants to convert 60 lakh three-wheelers to electric cars (EVs). Also India’s electric vehicle sales are on the mend, as the country […]
Ola Electric, the dark horse in the two-wheeler stable? – EQ Mag Pro
The electric two-wheeler space has been the focal point for testing electric vehicle penetration in India’s huge auto market. The scooter segment within two-wheelers could face the first pressure because of the new electric vehicle (EV) launch. Scooters formed about 30% of Indian two-wheeler demand in FY21, and TVS Motors Co. is one of the […]
What a 5th floor kitchen of a Bengaluru apartment tells you about India’s electric vehicle story – EQ Mag Pro
According to a Reuters report, the union government has re-drawn a plan to give $8billion to car makers which use petrol, with added benefits to EVs. A Bengaluru executive hauled his EV scooty up all the way to his 5th-floor kitchen to charge it after losing a fight with his RWA to install a charging […]
Greaves Cotton launches multi-brand EV retail store Auto EVmart in Bengaluru – EQ Mag Pro
Greaves mobility business comprises Ampere Electric, which caters to both two-wheeler (e-scooters) and three-wheeler (e-rickshaw, e-auto and e-loader) segments. New Delhi : Greaves Cotton on Monday launched its first multi-brand EV retail store ‘AutoEVmart’ in Bengaluru, and said it will set up similar outlets in other cities in a phase-wise manner. The Mumbai-based diversified group […]
Mumbai Mayor gets electric car on World EV Day – EQ Mag Pro
Mumbai: The Brihanmumbai Municipal Corporation on Thursday handed over an electric car to city Mayor Kishori Pednekar. It has leased five Tata Nexon EVs and one of them would be part of the mayor”s fleet, the BMC said in a release. “Environment-friendly electric vehicles are the need of the hour and people should use more […]