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 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 […]

Automobile Electric Vehicles

Tesla’s India Entry Unlikely to Disrupt Domestic Automakers: CLSA

By BPN News Desk February 22, 2025

Global brokerage firm CLSA has assessed that Tesla’s entry into the Indian electric vehicle (EV) market is unlikely to significantly impact established automakers such as Tata Motors, Maruti Suzuki, and Hyundai. According to CLSA, the current EV market in India is relatively small, accounting for just 2.5% of annual car sales, and Tesla’s premium pricing […]

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. […]