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 […]

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, […]