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Flagship India EV Policy Is a ‘Non-Starter’ for Global Firms
India is rolling out a new flagship EV policy in order to attract international automakers. The policy offers to slash duty to 15 percent on any imported electric car priced from $35,000 (roughly Rs. 30 lakh) if the maker invests at least Rs. 4,150 crore, or about $500 million (roughly Rs. 4,150 crore), to set up a local plant within three years.
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Elon Musk's Tesla "Not Interested" In Manufacturing In India: Minister
The remarks came amid the government's push to promote domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs).
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New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
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GOI Issues EV Manufacturing Policy To Boost Electric Car Production: Full Details
GOI is aiming to cut down the import taxes for foreign automakers under its EV policy, provided they invest in the country's EV production facilities.
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Trump's Massive Tariffs Haven't Done Much Economic Damage Yet
Trump has plastered 10% taxes on imports from almost every country on earth. He's also imposed 25% duties on cars, aluminum, steel, and many imports from Canada and Mexico.
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Luxury Car Fraud: Hyderabad Dealer Arrested In Rs 100 Crore Scam
The list of imported cars in the fraud includes a Rolls-Royce, Cadillac Escalade, Hummer EV, Lincoln Navigator, and others.
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30 High-End Vehicles, Multi-Crore Scam: Hyderabad Luxury Car Dealer Arrested
Preliminary investigation revealed that the luxury vehicles were sourced from countries such as the United States and Japan.
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Tesla To Start Importing Chinese Components For Semi, Cybercab Production In USA
The truce announced on Monday saw the U.S. and China agree to roll back the bulk of tariffs and other countermeasures.
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Hybrids, EVs Major Contributer To Sales Of Imported Cars In South Korea
In terms of fuel type, hybrid vehicles led the sales, accounting for 63.7 percent, followed by EVs and gasoline models, at 17.3 percent and 17.1 percent, respectively.
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India-UK Free Trade Agreement To Drive Down Premium Cars, SUV Prices
The Free Trade Agreement between India and the United Kingdom might result in decreasing import duties on certain models made-in-UK.
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FTA: Only A Few Thousand Units Of British EVs To Remain Duty-Free
The duty-free quota on EVs is limited only to a few thousand. No out-of-quota duty reduction for EVs. The sensitivity related to EVs has been taken care of - Official.
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President Trump Rolls Back Auto Tariffs After Auto Firms Raise Alarms
Donald Trump auto tariffs: US President signed a proclamation to reduce the import burden on the American auto industry and reduce auto tariff.
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Donald Trump Likely To Ease Tariffs Impact On Automakers: Report
The shift means companies paying 25 percent tariffs on car imports won't also pay other duties, such as those on steel and aluminum, according to The Wall Street Journal, which was first to report the shift.
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Donald Trump's Reciprocal Tariffs Likely To Be Relaxed For Auto Industry
US automakers have been among the hardest-hit sectors because the tariffs affect imports from Mexico and Canada.
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Decision Still Away On Tweaking Auto Tariffs: White House
The administration is examining "streamlining overlap" between 25 percent tariffs on imported autos and metals, as well as those imposed over illicit fentanyl, a White House official said.
-
Flagship India EV Policy Is a ‘Non-Starter’ for Global Firms
India is rolling out a new flagship EV policy in order to attract international automakers. The policy offers to slash duty to 15 percent on any imported electric car priced from $35,000 (roughly Rs. 30 lakh) if the maker invests at least Rs. 4,150 crore, or about $500 million (roughly Rs. 4,150 crore), to set up a local plant within three years.
-
Elon Musk's Tesla "Not Interested" In Manufacturing In India: Minister
The remarks came amid the government's push to promote domestic manufacture of passenger cars, with a special focus on electric vehicles (EVs).
-
New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
-
GOI Issues EV Manufacturing Policy To Boost Electric Car Production: Full Details
GOI is aiming to cut down the import taxes for foreign automakers under its EV policy, provided they invest in the country's EV production facilities.
-
Trump's Massive Tariffs Haven't Done Much Economic Damage Yet
Trump has plastered 10% taxes on imports from almost every country on earth. He's also imposed 25% duties on cars, aluminum, steel, and many imports from Canada and Mexico.
-
Luxury Car Fraud: Hyderabad Dealer Arrested In Rs 100 Crore Scam
The list of imported cars in the fraud includes a Rolls-Royce, Cadillac Escalade, Hummer EV, Lincoln Navigator, and others.
-
30 High-End Vehicles, Multi-Crore Scam: Hyderabad Luxury Car Dealer Arrested
Preliminary investigation revealed that the luxury vehicles were sourced from countries such as the United States and Japan.
-
Tesla To Start Importing Chinese Components For Semi, Cybercab Production In USA
The truce announced on Monday saw the U.S. and China agree to roll back the bulk of tariffs and other countermeasures.
-
Hybrids, EVs Major Contributer To Sales Of Imported Cars In South Korea
In terms of fuel type, hybrid vehicles led the sales, accounting for 63.7 percent, followed by EVs and gasoline models, at 17.3 percent and 17.1 percent, respectively.
-
India-UK Free Trade Agreement To Drive Down Premium Cars, SUV Prices
The Free Trade Agreement between India and the United Kingdom might result in decreasing import duties on certain models made-in-UK.
-
FTA: Only A Few Thousand Units Of British EVs To Remain Duty-Free
The duty-free quota on EVs is limited only to a few thousand. No out-of-quota duty reduction for EVs. The sensitivity related to EVs has been taken care of - Official.
-
President Trump Rolls Back Auto Tariffs After Auto Firms Raise Alarms
Donald Trump auto tariffs: US President signed a proclamation to reduce the import burden on the American auto industry and reduce auto tariff.
-
Donald Trump Likely To Ease Tariffs Impact On Automakers: Report
The shift means companies paying 25 percent tariffs on car imports won't also pay other duties, such as those on steel and aluminum, according to The Wall Street Journal, which was first to report the shift.
-
Donald Trump's Reciprocal Tariffs Likely To Be Relaxed For Auto Industry
US automakers have been among the hardest-hit sectors because the tariffs affect imports from Mexico and Canada.
-
Decision Still Away On Tweaking Auto Tariffs: White House
The administration is examining "streamlining overlap" between 25 percent tariffs on imported autos and metals, as well as those imposed over illicit fentanyl, a White House official said.
