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PHEV TAX INCENTIVES
JSW MG seeks PHEV tax incentives, targets 70% localisation by 2027JSW MG Motor India is pushing for lower taxes on plug-in hybrid electric vehicles. The company targets 70% localization for its Windsor and...- Green GST tax may help buyers shift towards greener cars, says Vikram Pawah, president of BMW Group IndiaVikram Pawah, president of BMW Group India, suggests a 'green GST' linked to vehicle emissions to promote carbon neutrality. He believes a ...
- Maruti, Toyota may have a reason to worry: 48% GST on hybrid cars, 5% on EVs to continueThe Indian government will maintain a significant tax difference between electric vehicles and hybrids to promote zero-emission technologie...
- Auto Inc seeks policy boost for faster transition to green vehiclesIndia's adoption of electric and hybrid vehicles is significantly lower than China's, with EV penetration at 2.5% compared to China's 49%. ...
- Indian market is an “exception”, growing steadily when demand for premium vehicles slowing down in developed countries: Jean-Philippe Parain, Senior Vice President, BMW GroupThe Indian market stood out for BMW as it continued to grow steadily, unlike several developed countries where premium vehicle demand has s...
- Consumers bend the road: No straight drive from ICE to electricThe transition from internal combustion engine (ICE) vehicles to electric vehicles faces challenges as consumers show a preference for hybr...
- Lithium battery demand to reach 250-500 GWh in India by FY33Battery demand of 250GW could be achieved with incentives of INR 1.8 tn over FY24-28 and an initial capex of USD 30-33 bn, says the report ...
- Tamil Nadu's new EV policy offers various incentives for the sectorThe new policy was released by Chief Minister M.K. Stalin on Tuesday. According to the policy, the government will promote Chennai, Coimbat...
- BYD Auto pips Tesla to become top-selling EV brand globallyGlobal passenger electric vehicle (EV) sales grew 61 per cent (on-year) to reach 2.18 million units in the second quarter this year, a new ...
- With many new e-cars lined up in next 3 years, India's electric dream all set to take offNearly a dozen of the coming vehicles are in the affordable segment costing less than Rs 10 lakh. This massive vehicle electrification driv...
- Now, hybrid vehicles too under FAME II incentives umbrellaUniform incentive of ₹10,000/kWh will be extended to all electric vehicles, including hybrids.
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