User: animeshn Topic: Car
Category: Non-Conventional :: Electric
Last updated: May 26 2017 17:56 IST RSS 2.0
 
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Mahindra unveils growth strategy for electric vehicles business 26.5.2017 Latest News
To invest in globally competitive EV technology, set up charging infrastructure & fleet operations
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Excited about Tesla's tech and its Indian entry: RC Bhargava, Chairman, Maruti 26.5.2017 ET: Opinion
In an interview with ET Now, Bhargava also said that he is confident of his company maintaining the largest market share despite the growing competition.
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Billionaire Slim eyeing electric taxi to reduce pollution in Mexico City 26.5.2017 DNA: Evolutions
Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City's air, a company executive said.
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Gadkari for cut in GST on hybrid cars 25.5.2017 deccanherald.com
Union Road Transport and Highways Minister Nitin Gadkari on Thursday said that he will urge Finance Minister Arun Jaitley to bring down the GST rate on hybrid vehicles and other automobiles that run on alternate fuels. Under the GST rates announced last week, hybrid cars, which are considered eco-friendly, are slated to attract a 15% cess over and above peak rate of 28%, same as those of large luxury cars and sports utility vehicles (SUVs). The automobile industry has expressed concern on the high rate on hybrids stating it would put a spanner in the wheels of government plans to promote green vehicles. At present hybrid vehicles attracts excise duty of 12.5% with an effective overall tax rate of 30.3%. "I will be meeting Arun Jaitley soon to request that tax slabs for vehicles run on ethanol, bio diesel, bio CNG should be reduced. I will also request him to reduce tax rate on hybrid vehicles," Gadkari said. Karnataka writes to FM Ministers at the Centre are not the only ones seeking relief. Karnataka ...
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Will urge FM to bring down GST rates for hybrid vehicles: Transport Minister Nitin Gadkari 25.5.2017 ET: Policy
Under the GST rates announced last week, hybrid cars, which are considered eco-friendly, are slated to attract a 15 per cent cess over a rate of 28 per cent.
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Mahindra takes electric road to the future 25.5.2017 Rediff: Top Stories (India)
Auto major Mahindra has ambitious plans for its electric cars project, that include ramping up its output to 60,000 units a year, high-end electric powertrains, and 380 to 650 volt battery systems.
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Believe it or not! Petrol could be below Rs 30 a litre in 5 years 25.5.2017 ET: Oil & Gas
The dim future of oil will also have a major geopolitical impact: the economies that depend mostly on oil will be hit badly.
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Mahindra charged up on electric cars 25.5.2017 DNA: Opinion
With the government's ambitious plan to have all vehicles sold beyond the year 2032 to be electric, Mahindra & Mahindra (M&M), which has so far invested Rs 600 crore in the segment, aims to expand it in the next 2-4 years and has come up with plan EV 2.0. Though M&M's immediate plan for the electric segment is to develop vehicles for mass mobility, there is also a blueprint for developing high-end niche products at a later stage, which would primarily be for foreign markets. The company's push for electric vehicles (EVs) comes in the backdrop of government's push, which expects around 5 million units of electric vehicles to be sold in around next 15 years. As per a report released by Centre's think tank Niti Aayog earlier this month, the accelerated adoption of electric and shared vehicles could save about $60 billion in diesel and petrol costs while cutting down as much as 1 gigatonne (GT) of carbon emissions for India by 2030. This would result in an annual reduction of 156 million tonne in diesel and ...
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Mahindra Electric to ramp up manufacturing 24.5.2017 All News-IANS Stories
Electric vehicles (EV) manufacturer Mahindra Electric on Wednesday unveiled its comprehensive technology and product road map -- EV 2.0 -- under which it plans to ramp up manufacturing and charging infrastructure.
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M&M electric vehicles put on fast lane 24.5.2017 Hindu: Industry
Plans to sell 5,000 electric cars a month by mid-2019 and investments are being made to add capacity
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GST: M&M to set up new battery assembly unit near Pune after 12% levy 24.5.2017 Latest News
Automaker will invest in building long-range electric vehicles, high-power battery packs
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India’s electric vehicles push to benefit China 24.5.2017 Hindu: Markets
SAIC, Chongqing Changan plans unit
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Indian electric vehicle push a boon for Chinese? 24.5.2017 TOI: Home
A Niti Aayog report, the planning body headed by PM Narendra Modi, recommends lower taxes and loan interest rates on electric vehicles while capping sales of petrol and diesel cars, seen as a radical shift in policy.
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Modi's electric vehicles push will benefit Chinese car makers the most 24.5.2017 All Companies Stories
India aims at electrifying all vehicles in the country by 2032 for carmakers investing in China
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No local sourcing needed for 'Make in India', govt tells Tesla 23.5.2017 Hindu: Home
The Commerce and Industry Ministry on Tuesday referred to the Foreign Direct Investment policy and clarified that it is not correct to say that the policy mandates any company — in this case US-based ...
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No local sourcing needed to 'Make in India', Tesla told 23.5.2017 Deccan Herald - Business
The government on Tuesday clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here. The commerce and industry ministry through its 'Make in India' Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers. As per the policy, after manufacturing in India, a foreign investor is permitted to sell its products in any manner — wholesale, retail or ecommerce. "FDI policy also permits wholesale of imported goods in India without sourcing conditions," the ministry said. It is only for retail trading of goods that sourcing conditions are mandated. Such norms are not applicable to manufacturers as goods are produced in India, it added. Musk in his tweet has said: ...
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No local sourcing for selling Tesla cars: India to Elon Musk 23.5.2017 Business Standard: Companies & Industry
Musk said Tesla would not be compliant with the country's 30% local sourcing of components.
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Tesla India: No need to source local components while setting up ops in India, Centre to Elon Musk 23.5.2017 DNA: Urban Tales
The government on Tuesday clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here. The commerce and industry ministry through its 'Make in India' Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers. . @elonmusk With respect to news reports on launch plans of Tesla in India being delayed, please note some key clarifications #MakeInIndia pic.twitter.com/9RFICGM9Kk — Make in India (@makeinindia) May 23, 2017 As per the policy, after manufacturing in India, a foreign investor is permitted to sell its products in any manner - wholesale, retail or e-commerce. "FDI policy also permits wholesale of imported goods in India without sourcing conditions," the ...
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Sourcing norm won't apply to Tesla, says government 23.5.2017 Rediff: Business
It is only for retail trading of goods that sourcing conditions are mandated. Such norms are not applicable to manufacturers as goods are produced in India, the government said.
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Govt to Tesla: Local sourcing not required for manufacturing in India 23.5.2017 News
Sourcing conditions mandated only for retail trading of goods, according to FDI norms
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