The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it. NEW DELHI: The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur […]
Auto stocks decline post NITI Aayog’s directive on electric vehicle
So far in 2019, the Nifty auto index has slipped 14 per cent as against a 7 per cent rise in the Nifty50 index. Shares of two and three wheeler auto-makers like TVS Motors and Bajaj Auto came under heavy selling pressure during the morning deals on Monday after the government think-tank NITI Aayog gave […]
Automakers run into collision with Centre’s electric vehicle plan
Companies such as Bajaj Auto and TVS Motor have objected to banning two- and three-wheelers and asked for at least four months to come up with a comprehensive plan Two- and three-wheeler manufacturers are stoutly resisting the government’s e-mobility plan. The government wants to ban internal combustion engine (ICE)-powered three- and two-wheelers (with an engine […]
Kia Motors plans to launch low-cost electric vehicles in India with Hyundai
Kia Motors Corporation President and CEO Han-Woo Park said Kia Motors already has some products for hybrid, plug-in-hybrid, electric vehicle and fuel cell vehicles which are being sold globally South Korean auto major Kia Motors Corporation is considering a low-cost electric vehicle (EV) for India in collaboration with group firm Hyundai Motors and wants personal […]
M&M’s Pawan Goenka: For India, electric vehicles are the future not hybrids
M&M has prepared a roadmap for electric powertrain transition over the course of next few years Having invested heavily in electric vehicle technology over the last several years sports utility vehicle-specialist Mahindra & Mahindra (M&M) said it will not change its business plans in favour of hybrids which some of its bigger rivals are aggressively […]
President Ram Nath Kovind Reaffirms Indian Government’s Electric Vehicle Push, Highway Development
Addressing the joint sitting of both Houses of Parliament, President Ram Nath Kovind said massive work to create infrastructure is underway, and electric vehicles are being promoted to reduce pollution. Terming infrastructure as pivotal in propelling prosperity and growth, President Ramnath Kovind Thursday said the government’s endeavour is to build 35,000 km of highways, besides […]
Govt refuses to budge on electric vehicle deadline for 2- and 3-wheelers
The start-ups said unless India had size and scale in EVs, it would miss the worldwide e-mobility revolution The government has refused to relent on the deadlines it has given two- and three-wheelers for running on batteries. The deadline for three-wheelers is 2023, and that for two-wheelers having up to a 150-cc engine is 2025. […]
Hyundai’s first electric for India feels like a no-compromise crossover
Kona EV is very much the regular compact sports utility vehicle in terms of design and performance despite its battery-motor powertrain Many international publications and news wires already have a section for electric vehicles and there is news everyday in India too about electrics. In the start-up space and amongst OEMs, in the two-wheeler and […]
Tax Cut on Electric Vehicles Among Agendas of First GST Council Meet Led by Nirmala Sitharaman
GST rate for petrol and diesel cars and hybrid vehicles is already at the highest bracket of 28 per cent plus cess. The GST Council will consider slashing GST rate on electric vehicles to 5 per cent, from 12 per cent currently, along with an extension of the tenure of the anti-profiteering authority by a […]
Eight charging stations for electric vehicles on B’luru highway
Mysuru: As part of its overarching plan to boost eco-friendly modes of transportation, Chamundeshwari Electricity Supply Corporation (Cesc), Mysuru has decided to set up eight stations where motorists can charge their electric vehicles along the Bengaluru highway. Cesc is hoping to complete the project before the end of the 2019-20 financial year. Keen on expanding […]