BIRMINGHAM, England, Sept. 4, 2024 /PRNewswire/ — In just 7 days, the NEC Birmingham will become the epicenter of innovation and leadership in the metals sector. With exclusive launches, expert panels, and industry-defining discussions, this is an event you can’t afford to miss. Get your front-row seat to the future of metals! UK Metals Expo 2024… Continue reading Countdown to UK Metals Expo 2024: The Must-Attend Event of the Year for the Metals Industry
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Electric CV OEMs sell 680 units in August and 7,071 e-CVs in Jan-Aug, Tata Motors share at 62%
Demand for zero-emission commercial vehicles continues to rise in the Indian automobile market. As per the latest retail sales data sourced from Vahan, a total of 680 e-CVs were sold in August 2024, up 31% year on year (August 2023: 521 units), albeit this number is 16% down on July 2024’s 813 units. The news… Continue reading Electric CV OEMs sell 680 units in August and 7,071 e-CVs in Jan-Aug, Tata Motors share at 62%
Electric CV OEMs sell 680 units in August and 7,071 e-CVs in Jan-Aug, Tata Motors share at 62%
Demand for zero-emission commercial vehicles continues to rise in the Indian automobile market. As per the latest retail sales data sourced from Vahan, a total of 680 e-CVs were sold in August 2024, up 31% year on year (August 2023: 521 units), albeit this number is 16% down on July 2024’s 813 units. The news… Continue reading Electric CV OEMs sell 680 units in August and 7,071 e-CVs in Jan-Aug, Tata Motors share at 62%
The luxury sports car gets an electric makeover
As with most Porsches, the new Taycan Turbo GT looks fast. But it’s not until racing driver Bruno Correia hits the accelerator and his passengers’ helmets slam back against their head rests that the supercar’s true speed becomes fully apparent. “The handling of this car, for its size and weight, is just astonishing,” remarks Correia… Continue reading The luxury sports car gets an electric makeover
2019 Jaguar I-Pace recalled because high-voltage battery may overheat
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Tax differential between EVs, hybrids to continue for long period: Amitabh Kant
The government intends to maintain the tax differential between electric vehicles and hybrid vehicles for a long period to drive the adoption of battery-powered vehicles in the country, according to G20 Sherpa Amitabh Kant. The GST on vehicles powered by internal combustion engines, including hybrid technology, stands at 28%, while it is 5% on electric… Continue reading Tax differential between EVs, hybrids to continue for long period: Amitabh Kant
Maruti and Toyota Leverage UP Govt’s Hybrid Car Tax Waivers to Boost Sales: Report
In a bold move to capitalize on recent tax incentives, Japanese automakers Maruti Suzuki and Toyota have intensified their efforts to promote hybrid vehicles in Uttar Pradesh, according to Reuters Following a significant lobbying victory, both companies are now setting ambitious sales targets for their dealers, hoping to drive up hybrid car sales and take… Continue reading Maruti and Toyota Leverage UP Govt’s Hybrid Car Tax Waivers to Boost Sales: Report
Tata announces revised ranges for its EVs, based on new MIDC tests
Tata Motors has announced revised range figures for its entire EV portfolio as the Indian Government (MoRTH) has added more parameters to the MIDC test cycles. Earlier, MIDC range figures were only based on a city (Urban) driving cycle, but the Ministry has mandated all carmakers to test and declare range values that include Urban… Continue reading Tata announces revised ranges for its EVs, based on new MIDC tests
SoftBank-backed OfBusiness plans up to $1b India IPO in H2 2025SoftBank and Tiger Global have a roughly 15% stake, while Alpha Wave Global holds 18% i…
SoftBank-backed OfBusiness, an Indian shopping website that offers raw materials to businesses, is planning an Indian stock market offering worth up to $1 billion and is close to appointing bankers, a top executive told Reuters on Tuesday. The company is in active talks with Bank of America, Citi, JP Morgan and Morgan Stanley to manage the… Continue reading SoftBank-backed OfBusiness plans up to $1b India IPO in H2 2025SoftBank and Tiger Global have a roughly 15% stake, while Alpha Wave Global holds 18% i…
Auto Industry sales will surge on back of improved monsoon and festive season demands
In August, the domestic tractor segment remained flat YoY with volumes coming in 5-6 %.. The domestic passenger vehicle industry volumes declined by low single digit in August 2024 as compared with August 2023, because of weak retail demand trends and higher inventory levels at the dealerships according to Kotak Institutional Equities. The report suggests… Continue reading Auto Industry sales will surge on back of improved monsoon and festive season demands