Suzuki Halts Swift Production Amid China’s Rare Earth Curbs

By BPN News Desk June 5, 2025

Automobile Cars

Suzuki Motor Corporation has temporarily halted production of its widely sold Swift hatchback at its Sagara plant in Japan, excluding the Swift Sport variant. The decision, implemented on May 26, stems from a shortage of key components following China’s recent export restrictions on rare

Automobile Electric Vehicles

India Slashes EV Import Duty to 15% to Boost Local Manufacturing

By BPN News Desk June 5, 2025

In a landmark move to attract foreign investment and accelerate the growth of its electric vehicle ecosystem, India has launched the ‘Scheme to Promote Manufacturing of Electric Passenger Cars in India’ (SPMEPCI). The centerpiece of this policy is a dramatic reduction in import duty on fully built electric vehicles—from a steep 110% to just 15%. […]

Automobile Electric Vehicles

India Cuts EV Import Duty to 15% for Local Manufacturing Push

By BPN News Desk June 3, 2025

In a bid to accelerate its transition to electric mobility and attract global automotive investments, the Indian government has rolled out a new electric vehicle (EV) policy that sharply reduces import duties for companies willing to commit to domestic manufacturing. The move is part of India’s broader strategy to become a competitive global hub for […]

Automobile Electric Vehicles

India Finalizes EV Policy Offering Import Tax Cuts for Local Production

By BPN News Desk June 2, 2025

The Indian government has finalized a new electric vehicle (EV) policy aimed at attracting foreign investment and enhancing domestic manufacturing. The policy offers significant import duty reductions for automakers committing to local production, aligning with India’s goals to become a global EV manufacturing hub and increase EV adoption. Key Features of the New EV

Automobile Electric Vehicles

Tesla Focuses on Showrooms, Skips Manufacturing in India

By BPN News Desk June 2, 2025

Union Minister for Heavy Industries, H.D. Kumaraswamy, announced on June 2, 2025, that Tesla is not expected to commence manufacturing operations in India in the near future. Instead, the electric vehicle (EV) giant is focusing on establishing showrooms to sell its imported vehicles. Tesla India Plans Despite India’s efforts to attract global EV manufacturers through

Automobile Electric Vehicles

Maharashtra Approves Electric Bike Taxi Policy for Urban Areas

By BPN News Desk April 22, 2025

The Maharashtra government has given the green light to a landmark policy enabling the operation of electric bike taxis across urban areas in the state. This initiative is aimed at promoting sustainable transportation, improving last-mile connectivity, and creating employment opportunities while significantly reducing urban pollution. Key Highlights of the Policy 100%

Automobile Electric Vehicles

Tesla Seeks Indian Suppliers for Global EV Component Supply

By BPN News Desk April 21, 2025

Tesla is actively engaging with Indian manufacturers to source and export essential electric vehicle (EV) components for its global production lines. This initiative aims to integrate India into Tesla’s international supply chain, leveraging the country’s manufacturing capabilities to produce high-quality, cost-effective parts.​ The company is focusing on

Automobile Cars

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

By BPN News Desk April 9, 2025

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 underscores New Delhi’s cautious stance toward Chinese investments, particularly in

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 […]