Tata Motors slashes Nexon.ev, Tiago.ev prices by up to ₹1.2 lakh
According to the country's largest electric vehicle manufacturer, the step has been taken to make EVs more accessible to customers.
According to the country's largest electric vehicle manufacturer, the step has been taken to make EVs more accessible to customers.
As demand for premium products and services surpasses mass market in growth, companies across sectors gear up to tap the rise of India's new affluent class.
Ahead of the interim budget 2024, automobile manufacturers are anticipating policies that could further maximise this growth including the country's electrification target.
The state cabinet cabinet on Monday also gave a special incentive package for the conglomerate to establish plants in Naraj, Cuttack and Paradip.
Maruti Suzuki’s Gujarat arm is the latest one to receive ₹173.9 cr tax notice.
If an approved company fails to meet the threshold for an increase in determined sales value over the first year's threshold, it will not receive any incentive for that year.
Naveen Soni, President, Lexus India, in an interaction with Fortune India, says the transition from internal combustion engines (ICE) powertrains to electric vehicles will eventually happen.
The domestic three-wheeler sales during the month under review stood at 59,738 units, up 30.8% as against 45,664 units in the same period last year.
Passenger vehicles and two-wheelers set new all-time highs.
According to the Innova and Hilux maker, the new plant will have a manufacturing capacity of one lakh units and will generate employment for 2,000 people.