The government has reduced the budget for the promotion of zero-emission vehicles from 2.56 trillion won ($1.89 billion) in 2023 to 2.31 trillion won this year.
March 31, 2024Presently, customs duty on cars imported as completely built units (CBUs) varies from 60-100 per cent, depending on their cost.
March 16, 2024A maximum of 40,000 EVs at the rate of not more than 8,000 per year would be permissible if the investment is $800 million or more.
March 16, 2024The policy fixes a minimum investment of Rs 4,150 crore for foreign companies who want to set up electric vehicle manufacturing facilities in the country.
March 15, 2024It sold a total of 60,341 units in the world's largest auto market last month, compared with sales of 57,044 units a year earlier.
March 2, 2024The company announced the latest job cuts in its 2023 fourth-quarter (Q4) earnings call.
February 22, 2024Tesla has started releasing an over-the-air software update free of charge to fix the issue.
February 3, 2024The electric car company registered a record delivery of 1.8 million EVs in 2023.
January 25, 2024India’s top nine cities, with a population of over 40 lakh each, would require 18,000 public EV charging stations by 2030, according to the recent government data.
January 7, 2024The announcement by Musk to manufacture in India is likely to be made in the presence of Prime Minister Narendra Modi at the flagship event, although the government or Musk are yet to make this mega news official.
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