Need to relook GST on EV batteries, charging: PMO adviser
The government is targeting 100% electrification in two-wheelers by 2030.
The government is targeting 100% electrification in two-wheelers by 2030.
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.
Mahindra & Mahindra is set to introduce two born-electric sport utility vehicles (SUVs), XEV 9e and BE 6e on November 26, 2024.
The partnership also aims to drive cooperation in battery materials, and renewable energy sectors in India.
The promoters will be laughing all the way to the bank even as India investors brace for a long ride ahead.
EVs face a greater challenge when the industry is under pressure, says SIAM president Shailesh Chandra.
Limited penetration of EVs, withdrawal of government subsidies and range anxiety make a strong case for a higher penetration of hybrids in the short to medium term, says India Ratings and Research.
Puts Europe at the centre of plans to take the company into higher margin categories.
TVS Motor MD Sudarshan Venu says the company will explore CNG two-wheelers as well.