Automobile Cars

US Pushes for Zero Tariffs on Car Imports as Tesla Eyes India

By BPN News Desk March 6, 2025

The United States is in discussions with India to remove tariffs on car imports, aiming to create a more favorable market for American automotive companies, particularly Tesla. This move is part of broader trade negotiations aimed at strengthening economic ties between the two nations. Impact of Tariffs on Car Imports India currently imposes high import […]

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

Piyush Goyal Urges Auto Industry to Manufacture Machines Domestically

By BPN News Desk January 17, 2025

Commerce Minister Piyush Goyal encourages India's auto component industry to reduce import dependency by manufacturing machinery domestically and expanding electric vehicle component production.

Automobile

Private Insurers Report 239% Surge in Motor Commission Payouts

By BPN News Desk January 13, 2025

Private insurers in India have witnessed a staggering 239% increase in commission payouts for motor insurance, which have surged to ₹16,578 crore. The significant rise underscores the growing motor insurance sector, driven by increasing vehicle ownership, premium rates, and intensified competition among insurers. Motor Insurance Sector Growth The rise in commission payouts

Automobile

Hyundai to Equip Domestic Models with Made-in-India AGM Batteries

By BPN News Desk December 21, 2024

Hyundai Motor India has unveiled its plan to integrate made-in-India Absorbent Glass Mat (AGM) batteries into its domestic car models. This initiative underscores Hyundai’s commitment to promoting local manufacturing while enhancing the performance and sustainability of its vehicles in the Indian market. Supporting Local Manufacturing The AGM batteries, which will be

Automobile Cars

Mahindra Records Highest-Ever Monthly SUV Sales in October

By BPN News Desk November 1, 2024

Mahindra Auto celebrated a record-breaking sales performance in October 2024, selling 54,504 SUVs, marking a 25% year-on-year (YoY) growth compared to the same month last year. With the onset of the festive season in October, from Navratri through Diwali, the automaker achieved unprecedented demand for its vehicles. Mahindra’s Strong Sales Surge October 2024 set a […]