India Rejects BYD’s $1 Billion EV Proposal, Signals Strategic Shift Toward Tesla

By BPN News Desk April 9, 2025

Automobile Cars

In a move that highlights India’s evolving investment strategy in the electric vehicle (EV) sector, the government has declined a $1 billion proposal from Chinese automaker BYD Co., while simultaneously paving the way for potential collaboration with U.S.-based Tesla Inc. The decision

Automobile Cars

India Restricts Market Access for Chinese EV Maker BYD Amid Efforts to Attract Tesla

By BPN News Desk April 8, 2025

India has decided to restrict market access for Chinese electric vehicle (EV) manufacturer BYD Co., citing strategic and security concerns. Union Commerce Minister Piyush Goyal stated that the government needs to be cautious about foreign investments, particularly from countries with which India shares land borders. He emphasized that, as of now, BYD’s entry into the

Automobile Cars

Nissan to Invest €700 Million in India, Launch Six New Models by 2026

By BPN News Desk April 1, 2025

Nissan has unveiled an aggressive plan to strengthen its presence in India with a €700 million investment aimed at launching six new models and doubling its total sales to 200,000 units by 2026. The initiative marks one of Nissan’s most ambitious pushes in the Indian market and includes a broad portfolio of vehicles designed to […]

Automobile Cars

BYD to Establish Electric Vehicle Manufacturing Plant Near Hyderabad

By BPN News Desk March 28, 2025

Chinese electric vehicle (EV) giant BYD is set to establish its first manufacturing facility in India near Hyderabad, Telangana, marking a major step in the company’s expansion plans within the growing Indian EV market. The Telangana government has identified three prospective locations close to Hyderabad, and BYD is currently in the process of evaluating these […]

Automobile Electric Vehicles

Maharashtra Government Withdraws EV Tax on Luxury Cars

By BPN News Desk March 26, 2025

In a significant development, the Maharashtra government has announced that it will withdraw its proposal to impose a 6% tax on electric vehicles (EVs) priced above Rs 30 lakh. This decision, confirmed by Chief Minister Devendra Fadnavis, comes as the state aims to support the growing demand for luxury electric cars. Luxury EV Market Growth […]

Automobile Cars

Tesla’s European Sales Decline Amid Intensifying Competition and Market Dynamics

By BPN News Desk March 26, 2025

Tesla saw a sharp decline in its European sales in February, with figures dropping by more than 40% compared to the same month last year. This significant slump has reduced the company’s market share in the region to 1.8%, down from 2.8% year-on-year, raising concerns about its ability to hold ground in an increasingly crowded […]

Automobile Cars

Major Automakers Announce Price Hikes Effective April 2025

By BPN News Desk March 24, 2025

Starting April 2025, several major automobile manufacturers in India have announced price hikes across their vehicle lineups. The increases, ranging from 2% to 4%, are attributed to escalating input costs, higher commodity prices, and increased operational expenses. Maruti Suzuki Maruti Suzuki India, the country’s leading car manufacturer, plans to raise prices by up

Automobile Cars

India Asserts Volkswagen’s $1.4 Billion Tax Demand Must Hold

By BPN News Desk March 23, 2025

The Indian government has strongly defended its $1.4 billion tax demand against Skoda Auto Volkswagen India, stating that overturning the case would set a damaging precedent. In its submission before the Mumbai High Court, the Centre warned that quashing the demand would have “catastrophic consequences,” potentially emboldening other companies to withhold crucial

Automobile Electric Vehicles

Tata Group Joins Tesla’s EV Supply Chain

By BPN News Desk March 21, 2025

Tata Group has entered into a significant collaboration with Tesla, becoming a global supplier for the electric vehicle giant. The partnership marks a major milestone for India’s electric vehicle (EV) industry and signals the country’s deeper integration into the global EV ecosystem. Tata Firms Secure Global Contracts with Tesla Several Tata Group companies have

Automobile Electric Vehicles

EV Prices in India to Match Petrol Cars Within Six Months

By BPN News Desk March 20, 2025

Union Minister for Road Transport and Highways Nitin Gadkari has announced that electric vehicle (EV) prices in India are expected to become equivalent to petrol car prices within the next six months. This milestone is anticipated to accelerate the shift toward electric mobility in the country. Government’s Push for Affordable EVs The government has been […]