Home Tag "Fame II"

Pinnacle Industries forays into EV batteries

Partners with Phylion Battery Company for the launch of its integrated Lithium Ion battery assembly facility in Maharashtra Pinnacle Industries has partnered with Phylion Battery Company for the launch of its integrated Lithium Ion battery assembly facility in Maharashtra. The new facility was inaugurated recently. The state-of-the-art assembly unit is now fully operational and will […]

Auto industry gets an electric boost in FY20 Budget

Finance Minister Nirmala Sitharaman’s maiden Budget provides tax incentives and GST cuts for electric vehicles. ‘The future is electric,’ reiterates the Union Budget 2019-20. In her maiden Budget speech on Friday, Finance Minister Nirmala Sitharaman announced an income tax deduction of ₹1.5 lakh on loans for electric vehicles to incentivise their purchase. The loan is […]