New Delhi, July 13 (IANS) India’s automotive sector recorded 20 overall deals worth $717 million in Q2 2026, with deal values remaining largely strong, a report said on Monday.The report from Grant Thornton Bharat said overall deal values eased marginally by 4 per cent sequentially, as capital remained concentrated in a few high-value transactions across mobility platforms, automotive technology and public market fundraisers.Mobility-as-a-Service led overall sector deal values with $298 millio…
Latest Electric Vehicles News & Updates
New Delhi, July 10 (IANS) The Central government’s decision to rationalise customs duties on capital equipment and critical inputs for electronic good production will deepen domestic value addition and attract investment, industry bodies said on Friday.The government has rationalised duties for inputs in lithium‑ion battery cell manufacturing, display assemblies and wireless charging inductor coil modules.Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) …
New Delhi, July 9 (IANS) The government has rolled out more customs duty relief to lower the cost of importing a wide range of components and capital goods used to produce electronic goods such as smartphones and lithium-ion battery manufacturing, in order to promote domestic production of finished products.The Central Board of Indirect Taxes and Customs (CBIC) has issued three separate notifications to roll out the customs duty waiver and expand the list of goods eligible for concessional duty….
Mumbai, July 8 (IANS) With the objective of establishing an eco-friendly, modern and sustainable public transport system, the Maharashtra State Road Transport Corporation (MSRTC) will convert its entire bus fleet to electric vehicles in a phased manner by 2035, Transport Minister Pratap Sarnaik informed the Legislative Council during Question Hour on Wednesday.The question was raised by member Shrikant Bharatiya, while supplementary questions were asked by members Parinay Phuke, Satej Patil, Pra…
New Delhi, July 8 (IANS) Tata Motors on Wednesday unveiled an ambitious five-year roadmap for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 per cent share of the domestic passenger vehicle market and revenues of Rs 1.4 lakh crore, backed by investments of nearly Rs 40,000 crore in products and manufacturing.Speaking at the company’s 81st annual general meeting held virtually on Wednesday, Tata Motors Chairman Natarajan Chandrasekaran said the…
New Delhi, July 6 (IANS) Electric vehicle (EV) maker Tesla on Monday announced the launch of North India’s first in-mall charging facility here, as the company continues to expand its charging infrastructure in the country.The new charging location is equipped with six destination chargers (AC, 11 kW each), enabling Tesla owners to charge their vehicles while shopping or dining.The facility — which launched at Nexus Select CityWalk — is designed to offer high reliability, with 99.95 per cent u…
New Delhi, July 6 (IANS) Delhi Chief Minister Rekha Gupta has said that the new Electric Vehicle (EV) Policy rolled out by her government is aimed at providing an end-to-end solution to clean mobility and addressing pollution levels. She also elaborated on plans to achieve the stipulated target of EVs adoption and informed that the capital will have more than 30,000 EV charging stations soon. In an exclusive interview with IANS, Rekha Gupta spoke about the rationale behind the policy, government…
New Delhi, July 3 (IANS) Transport Minister Pankaj Kumar Singh said on Friday that the launch of the EV Subsidy portal and unveiling of the Delhi EV Policy Booklet by Chief Minister Rekha Gupta marks a transformative milestone in the city’s journey towards clean, sustainable and future-ready mobility. “We are not only introducing a digital platform but also reinforcing our commitment to transparent governance, timely service delivery and citizen-centric reforms,” he said at the portal launch…
New Delhi, July 2 (IANS) Delhi Chief Minister Rekha Gupta said on Thursday that the Delhi EV Policy 2026 is designed to save money and offer substantial financial benefits to those who opt to buy an electric vehicle over other fuel-based vehicles.She said the policy aims to reduce not only the upfront cost of buying an electric vehicle but also its lifetime ownership cost, encouraging more people to switch to EVs.“The policy brings together multiple financial benefits, including purchase incen…
New Delhi, July 1 (IANS) Electric passenger vehicle registrations in India nearly doubled in April-June quarter (Q1 FY27), rising nearly 90 per cent year-on-year to 82,737 units as consumers increasingly opted for battery-powered vehicles, according to Vahan registration data.Registrations increased from 43,710 units in the corresponding quarter last year, with industry executives attributing the surge to improved ownership economics for electric vehicles amid elevated fuel prices during the Wes…