Automobile Electric Vehicles

India to Slash EV Import Duties to 15% Under New Policy

By BPN News Desk February 21, 2025

The Indian government is poised to implement a new Electric Vehicle (EV) policy that will significantly reduce import duties from the current 110% to 15%. This strategic move aims to attract global EV manufacturers, including Tesla, to establish a presence in the Indian market. Investment and Turnover Requirements To qualify for the reduced import duty, […]

Automobile Electric Vehicles

India Considers Including Charging Infrastructure in EV Investment Mandate

By BPN News Desk February 20, 2025

The Indian government is deliberating a proposal to amend its electric vehicle (EV) investment policy, potentially allowing global manufacturers to include expenditures on charging infrastructure as part of the mandated $500 million investment over three years for setting up manufacturing plants. This policy adjustment aims to facilitate easier compliance for international

Automobile Electric Vehicles

Tesla to Launch EV Sales in India by April, Starting at ₹21 Lakh

By BPN News Desk February 19, 2025

Tesla, the renowned American electric vehicle (EV) manufacturer, is poised to commence its retail operations in India by April 2025. The company plans to introduce imported EVs from its Berlin facility, with starting prices expected to be under $25,000 (approximately ₹21 lakh). This strategic move aims to tap into the burgeoning Indian EV market, offering […]

Automobile Electric Vehicles

Hyundai Localizes Over 1,200 Components for EV Expansion

By BPN News Desk January 23, 2025

Hyundai Motor India has announced a significant milestone in its electric vehicle (EV) manufacturing strategy by localizing over 1,200 components, including EV battery packs. This move underscores the company’s commitment to strengthening its presence in the Indian EV market while promoting the government’s ‘Make in India’ initiative. “Localized Manufacturing for a

Automobile Electric Vehicles

Ola Electric Shares Drop 6% Amid Show Cause Notice from Consumer Authority

By BPN News Desk October 8, 2024

Ola Electric Mobility shares took a sharp fall on Tuesday following a show cause notice issued by the Central Consumer Protection Authority (CCPA) over alleged violations of consumer rights, misleading advertisements, and unfair trade practices. The stock dropped 6.18% to a low of ₹85.21, marking a steep 46% decline from its recent peak of ₹157.53 […]

Automobile Cars Electric Vehicles

Tata Motors Launches New Nexon Variants: CNG Model Starts at ₹8.99 Lakh, EV at ₹13.99 Lakh

By BPN News Desk September 25, 2024

Tata Motors has expanded its popular Nexon lineup by launching two new variants – a CNG model starting at ₹8.99 lakh and an electric version priced from ₹13.99 lakh. The announcement was made on September 24, positioning the Nexon as the only vehicle in India available in four distinct powertrains: petrol, diesel, CNG, and electric. […]