By Dhwani Pandya and VarunVyas Hebbalalu MUMBAI (Reuters) - The joint venture between India's JSW Group and MG Motor, which is owned by China's SAIC Motor, is targeting 1 million electric vehicles
Shailesh Chandra says government support in form of lower GST, as well as other state taxes, should continue till electric vehicles are able to achieve 18-20% penetration.
With its own EV market in a nascent stage, India could be an attractive investment destination because China's economy is slowing and Europe is looking to curb Chinese imports.
Consumers embrace EVs as their primary mode of transport, overcoming initial concerns and challenges. Factors such as cost of ownership, performance, and home charging drive the demand.
Financing of electric vehicles is becoming easier but financial institutions and investors of electric vehicle companies will be wary of government's ongoing investigations.
In response to question in Parliament, Union minister Nitin Gadkari says CERT-In issues alerts regarding latest cyber threats & countermeasures on a regular basis.
Central govt says 5.9 mn tonnes of lithium reserves have been found in J&K. Lithium's a key component in EV batteries & will ultimately help India achieve net zero emissions by 2070.
The auto industry expects 2023 to see sales grow by up to 7.5% for passenger vehicles over the levels seen in 2022, which itself was a record high for the segment.
The Beckhams have had the sleekest, unassailable PR game in celebrity town. And much of it rests on their carefully curated social media image, especially on Instagram.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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