[ad_1] Prime Minister Narendra Modi (left) with US President Joe Biden (centre) and Japan’s PM Fumio Kishida at the launch of IPEF in 2022 The 14-member Indo-Pacific Economic Framework for Prosperity (IPEF) is set to host its first clean economy investor forum in Singapore on June 5-6, the department of commerce said on Tuesday. … Read more
[ad_1] South Korean automotive majors Hyundai Motor Company and Kia Corporation on Monday announced a partnership with Exide Energy Solutions (EESL), a subsidiary of Kolkata-based battery manufacturer Exide Industries, to localise electric vehicle (EV) battery production in India. As part of their EV initiatives for the Indian market, Hyundai and Kia plan to … Read more
[ad_1] Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters. The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said. … Read more
[ad_1] Ford just announced some delays for electric vehicles, including the long-awaited three-row SUV. The car was supposed to come out next year but has now been delayed until 2027, with the company suggesting it will use the extra time to “take advantage of emerging battery technology.” Ford says it’ll be making moves to “mitigate … Read more
[ad_1] BYD sold 626,263 units of all vehicle types in the first quarter, up 13.4 per cent from a year earlier BYD, China’s biggest electric vehicle (EV) maker, reported first quarter 2024 sales fell 43 per cent compared to the fourth quarter of 2023, handing back the title of world’s biggest EV seller to … Read more
[ad_1] Zetwerk said that it has bagged the largest order from the public sector oil marketing company Manufacturing unicorn Zetwerk on Thursday said it has bagged the largest order from India Oil Corporation to set up over 1,400 fast chargers for electric vehicles across the country. Indian Oil has floated a tender for … Read more
[ad_1] The government has notified the scheme to promote manufacturing of electrically operated passenger vehicles (EVs) in India and issued two notifications 19/2024-Customs and 20/2024-Customs both dated March 15, 2024, exempting the social welfare surcharge and reducing the basic customs duty (BCD) to 15 per cent on imports of EVs falling under the heading … Read more
[ad_1] Four years ago, Elon Musk kicked off a vociferous debate in India’s auto industry when he said he wanted to come to India with the Tesla, but the stumbling block was the steep import duties, the highest in the world, which needed to go down substantially as a precondition to Tesla’s entry. … Read more
[ad_1] Electric models made up about 2 per cent of total car sales in India in 2023, with the government targeting 30 per cent by 2030 | Photo: Bloomberg The joint venture between India’s JSW Group and MG Motor, which is owned by China’s SAIC Motor, is targeting 1 million electric vehicles sold in … Read more
[ad_1] Vietnam’s electric car maker VinFast Auto on Monday said India’s new electric vehicle policy that provides import duty concessions for companies setting up manufacturing units in the country with a minimum investment of USD 500 million will allow it to introduce a wide variety of eco-friendly premium-quality SUVs at inclusive prices. The … Read more