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
Tag: JLR
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
Tata Motors sees smaller firms adopting electric commercial vehicles
Tata Motors which unveiled its Ultra EV 7 metre electric bus at Prawaas 4.0, hopes it will attract smaller corporates looking to enter the clean mobility space, particularly for employee transportation, as well as targeting urban mass transit and last-mile passenger connectivity. Prawaas 4.0 is a biennial event for bus and car operators in Bengaluru. … Continue reading Tata Motors sees smaller firms adopting electric commercial vehicles
Business Process-as-a-Service Market to Grow by USD 36.55 Billion (2024-2028) as Demand for Efficiency Rises, AI’s Impact on Market Dynamics – Technavio Report
NEW YORK, Sept. 2, 2024 /PRNewswire/ –Report with market evolution powered by AI- The global business process-as-a-service market size is estimated to grow by USD 36.55 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.09% during the forecast period. demand for more efficient business processes is driving market growth, with a… Continue reading Business Process-as-a-Service Market to Grow by USD 36.55 Billion (2024-2028) as Demand for Efficiency Rises, AI’s Impact on Market Dynamics – Technavio Report
Tata Motors launches Curvv at introductory price of Rs 10 lakh
Tata Motors has launched the Curvv ICE with introductory prices starting from Rs 10 lakh, going up to Rs 17.7 lakh. The company says that despite its body style making it a niche offering, the Curvv’s pricing, powertrain choices and multiple variants will ensure it takes on all competitors in the midsize SUV segment. The… Continue reading Tata Motors launches Curvv at introductory price of Rs 10 lakh
Tata Motors launches Curvv at introductory price of Rs 10 lakh
Tata Motors has launched the Curvv ICE with introductory prices starting from Rs 10 lakh, going up to Rs 17.7 lakh. The company says that despite its body style making it a niche offering, the Curvv’s pricing, powertrain choices and multiple variants will ensure it takes on all competitors in the midsize SUV segment. The… Continue reading Tata Motors launches Curvv at introductory price of Rs 10 lakh
Electric car and SUV retail sales in August lowest in past eight months: 6,335 units
Retail sales demand for electric passenger cars, SUVs and MPVs have fallen to their lowest level in the calendar year to date in August 2024. The 6,335 units bought and delivered to customers last month are down 10% year on year (August 2023: 7,012 units). Month on month, the August 2024 sales decline is even… Continue reading Electric car and SUV retail sales in August lowest in past eight months: 6,335 units