Govt think tank flags India’s skewed auto export mix, warns domestic focus and high tariffs are limiting its global footprint; also highlights how auto components are a bright spot.
Indian auto manufacturers have expressed concern over slashing import tariffs on EVs and have requested for a gradual reduction to 30 per cent rather than dramatic cuts.
Scrapping & recycling will help reduce component costs by 30-40%, says Union minister. This, he adds, will help reduce steel imports by 65 lakh tonnes & create 35,000 more jobs.
Automobile dealers’ body asserts there has been no slowdown in demand, but original equipment manufacturers are dumping vehicles for which there is stock already available.
Auto sales between 2020 and 2070 to create $19 trillion in revenue & taxes, with EV sales contributing $12.9 trillion, says the report by Climate and Sustainability Initiative.
Central government should consider introducing measures in interim budget to 'fuel demand' for four-wheelers, says BMW Group India president Vikram Pawah.
As MG Comet microcars finally start hitting Indian streets and Ligier tests its Myli subcompact car in the country, is there a chance for a next-generation electrified Nano?
May sales were quite good on the surface, but going through them with a fine comb requires understanding all sorts of subsidiary and interlinked issues.
Repeated changes in cotton import duty have prioritised textile competitiveness when mills face high input costs. But policy can also put pressure on farmgate prices.
I would like to slap the faces of Indian EV makers for producing unaffordable EVs. Then, I would like to impose zero percent tariff on EV imports, flood the market, and make them affordable for the masses. All those makers of electric cars with less than 500 km range should be shot to death.
I would like to slap the faces of Indian EV makers for producing unaffordable EVs. Then, I would like to impose zero percent tariff on EV imports, flood the market, and make them affordable for the masses. All those makers of electric cars with less than 500 km range should be shot to death.