Tata Motors is not sold on battery-as-a-service model for EVs
Some GST leakage may be happening under battery-as-a-service model, says Tata Motors group chief financial officer P.B. Balaji.
Some GST leakage may be happening under battery-as-a-service model, says Tata Motors group chief financial officer P.B. Balaji.
Sales of Tata Motors, India’s largest electric carmaker, rose 10% year-on-year to 6,152 units in October. JSW MG Motor India witnessed 168% rise in retail sales at 2,530 units.
BaaS brings down high upfront costs associated with EVs as customers do not own the battery.
India's biggest steel maker is in negotiations with Chinese carmakers to acquire a stake, as the latter finds it difficult to raise fresh funds amid increased scrutiny of fund inflows from Beijing