Baua Electric

MAY 1, 2024

Exide’s standalone profit after tax rose 36.6% Exide’s standalone profit after tax rose 36.6% Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto appeared first on Bauaelectric Auto News.

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Baua Electric

APRIL 29, 2024

Under this offer, there will be a concession in motor vehicle price or road tax of up to 25% when a customer goes to buy a new personal vehicle after scrapping their old one. When it comes to private vehicles, 12 states are providing a 25% discount on road tax. For commercial vehicles, the concession is 15%.

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Baua Electric

APRIL 29, 2024

In January, Bakshi had said ANI Technologies–parent of the cab hailing business–had turned profitable based on earnings before interest, taxes, depreciation and amortisation (Ebitda) in the fiscal year ended March 31, 2023. Ola Cabs founder Bhavish Agarwal continues to be the chairman and managing director.

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Baua Electric

MAY 21, 2024

Pielsticker said he supports a proposal from President Javier Milei, under discussion in Congress, to give taxes, customs and exchange rate benefits to large projects. Lithium output grew nearly a third in 2023 compared to the prior year.

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Baua Electric

MARCH 9, 2024

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. USD 7,500 EV tax credit after new battery sourcing rules from the U.S. automaker to halt deliveries in late December. Treasury on Jan. Separately, GM on Feb.

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Baua Electric

MAY 9, 2024

South Korea on Wednesday welcomed a US decision to extend automakers’ eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026. The new rules now let car buyers get up to USD 7,500 in tax credits for electric vehicles (EV) containing Chinese graphite through 2026. trillion won (USD 7.11

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Baua Electric

APRIL 30, 2024

Profit after tax ( PAT) was at INR 517 crore with a margin of 16.3% Profit after tax (PAT) was at INR 517 crore with a margin of 16.3% Its net order book has increased to INR 22,600 crore, from INR 21,500 crore as of March 31, 2023, with 39 new program wins and five new customer additions, the company said in a media release.

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Baua Electric

APRIL 23, 2024

crore and a profit after tax of INR 5.71 Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post RCRS innovations files for IPO, aims to expand battery manufacturing – ET Auto appeared first on Bauaelectric Auto News. crore and a profit of INR 1.35

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Baua Electric

MAY 15, 2024

Matel made over INR 30 crore in revenue in FY24 and has been profitable at a profit after tax (PAT) level since 2019, Patro told ET. The firm currently focuses on three-wheeler EVs, but also has products for two-wheeler and four-wheeler EVs. The firm is looking to exit FY26 with over INR 100 crore in revenue, he added.

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Baua Electric

JANUARY 22, 2024

India has still to decide whether to cut import taxes on EVs under a proposed policy for carmakers that commit to local manufacturing, something that could ease Tesla’s entry into the market, a top government official told Reuters.

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Baua Electric

MAY 9, 2024

The government could offer subsidies and tax benefits to encourage investment in lithium processing, said Karthik Bansal, research analyst at the New Delhi-based Centre for Social and Economic Progress. It did not elaborate.

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Baua Electric

APRIL 9, 2024

The cab business, whose parent firm is called ANI Technologies , had turned profitable based on earnings before interest, taxes, depreciation and amortisation (Ebitda) in FY23, bringing in INR 250 crore, Bakshi said, against an Ebitda-level loss of INR 66 crore in the preceding fiscal year.

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Baua Electric

FEBRUARY 6, 2024

Its profit after tax was at INR 227 crore Notably, the net debt at INR.3,456 Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post JK Tyre Q3 FY24 PAT at INR 227 cr – ET Auto appeared first on Bauaelectric Auto News. and achieved an EBIDTA of INR 563 crore.

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Baua Electric

JANUARY 25, 2024

EBITDA (earnings before interest, taxes, depreciation and amortisation) during the third quarter of the fiscal also fell 31.3% Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Rane Group posts 66.3% cr – ET Auto appeared first on Bauaelectric Auto News.

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Baua Electric

MAY 3, 2024

Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. The tax can be up to 50% of your road tax and is based on the pollution level in your state.

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Baua Electric

MAY 13, 2024

Bakshi, in January, had said that the firm had made a positive Ebitda (earnings before interest, taxes, depreciation and amortisation) of INR 250 crore in FY23. Profitability and competition For FY23, Ola Cabs parent ANI Technologies reported a INR 1,082 crore loss, just over one-third compared with the year before.

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Baua Electric

MARCH 13, 2024

After corporate tax increases and protests and court cases against Shell and others in recent years, populist parties booked big gains in 2023’s national elections. That has prompted companies to speak out against policies that would discourage immigration and force them and their investors to shoulder more taxes.

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Baua Electric

APRIL 29, 2024

However, the BP Ventures-backed company is also some distance away from profitability, and will only turn profitable on an earnings before interest, tax, depreciation and amortisation (EBITDA) level in March 2026, Goyal said, attributing the delay in reaching profitability to the capital-intensive nature of the business.

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Baua Electric

APRIL 25, 2024

The French-Italian company posted first-quarter earnings before interest and tax (EBIT) of USD 551 million, down 54% from a year earlier and below the USD 603.82 million expected by analysts in an LSEG poll. Revenue fell 18% to USD 3.46 billion, missing analysts’ expectations of USD 3.61

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Baua Electric

FEBRUARY 7, 2024

Proposing a host of fiscal incentives, the Aayog called for reducing the value added tax (VAT) on sale of LNG to heavy duty vehicles to 5% and bringing the retail LNG price under the ambit of the 5% GST bracket. “It “This can generate initial demand for the LNG project and provide sustainability to the retail LNG outlets,” it said.

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Baua Electric

FEBRUARY 7, 2024

With this, GFCL EV is now entitled for the concessional income tax rate regime, it stated. Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post GFCL EV Products to invest INR 6k cr in next 4-5 yrs to ramp up production – ET Auto appeared first on Bauaelectric Auto News.

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Baua Electric

MARCH 18, 2024

Once vehicles are registered as school vans or taxis, the owners and drivers must comply with all safety regulations for transporting children and fulfil tax obligations according to the regulations. The rules will later be enacted following the publication of the final notification.

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Baua Electric

MAY 9, 2024

Although I hear that, as we speak, Brussels is thinking of putting a 50% tax on Chinese EV imports into Europe.” I think geopolitics is shaping up that there will be restrictions. Europe is the interesting one where I think Chinese EVs are making quite an impact right now.

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Baua Electric

APRIL 8, 2024

The move to launch subscription-based plans – where the platforms charge a fixed daily or weekly fee to driver partners on their platforms for an unlimited number of rides – could help Ola and Uber potentially bypass the 5% goods and services tax (GST) applicable on auto-rickshaw rides facilitated by them, people aware of the developments told ET.

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Baua Electric

JANUARY 19, 2024

government tax credit this month as new sourcing guidelines kicked in. Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Cadillac ramps up Lyriq electric vehicle output as battery supply grows – ET Auto appeared first on Bauaelectric Auto News.

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Baua Electric

JANUARY 8, 2024

Meanwhile, Uber India has been facing scrutiny on several regulatory and tax fronts. In its regulatory filing, UISPL said it had disputed certain tax demands from the goods and services tax authorities aggregating to INR 1,018 crore up to March 31, 2022.

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Baua Electric

FEBRUARY 29, 2024

Seto reiterated that the government has stopped offering tax breaks for investment to produce NPI, and is steering new investment into production of battery materials.

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Baua Electric

MAY 17, 2024

Greenpeace UK’s senior transport campaigner, Paul Morozzo, called on the next government to reinstate the 2030 ban and increase tax on polluting vehicles. Labour’s plans for emissions targets have been called into question after leader Keir Starmer ditched its flagship commitment to spend £28 billion ($35.5

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Baua Electric

APRIL 28, 2024

. “When SK On’s major automaker client Hyundai Motor kicks off EV production in the United States later this year, it would help raise SK On’s EV battery shipment and amount of tax credit received under the U.S. Inflation Reduction Act,” said Kang Dong-jin, an analyst at Hyundai Motor Securities.

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Baua Electric

FEBRUARY 5, 2024

Ramp up of production in new manufacturing facility at Karoli, Rajasthan is in progress, The company rrecorded the turnaround of ASK FRAS-LE joint venture business, in which ASK share is 49%. This includes one-time deferred tax gain of INR 715 lakh accounted for in Q3 FY24. It rrecorded a PAT of INR 12,601 lakh with 25.5%

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Baua Electric

FEBRUARY 5, 2024

On January 25, Ola Cabs’ new chief executive officer Hemant Bakshi had said that fleet-wide electrification, and premiumisation will drive growth for the ride-hailing company going ahead. Bakshi said the company had turned profitable based on earnings before interest, taxes, depreciation and amortisation (Ebitda) for FY23.

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Baua Electric

JANUARY 28, 2024

Last week, an Australian mining association said it had called for a 10% production tax credit, deferral of royalties and funding for shared infrastructure, among other measures at its meetings with the senior ministers.

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Japan Auto Australia South Korea 40

Baua Electric

MARCH 22, 2024

Vedanta is expecting a group EBITDA (earnings before interest, taxes, depreciation, and amortization) of USD 5 billion on revenue of USD 17.5 Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Vedanta says projects pipeline in place to add USD 6 bn to topline, USD 2.5-3

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Baua Electric

JANUARY 25, 2024

Wide electrification of its fleet and premiumisation will drive growth for ride-hailing company Ola Cabs , new chief executive Hemant Bakshi said on Thursday. The firm, he said, had turned profitable based on earnings before interest, taxes, depreciation and amortisation ( Ebitda ) in the fiscal year ended March 31, 2023.

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Future Auto Fleet Insight 52

Teslarati

JULY 6, 2022

Instead of spending hours at a car dealership, qualified Android users can download an app, and in as little as 10 minutes begin their subscription to a Tesla Model 3. A $500 refundable security deposit and taxes are expected when the subscription is enabled. Android users can now experience the magic that is Autonomy.

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Baua Electric

FEBRUARY 7, 2024

on month, the worst performances for January since the 2000s, according to the China Passenger Car Association (CPCA), as subsidies and tax cuts ended. The sales then were also hit due to shortened business days as the week-long Chinese New Year fell in January last year. Last January, passenger vehicle sales in China plunged 37.9%

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Baua Electric

MAY 10, 2023

billion prior to hobby and taxes, objectives to extend routine subscription income and industrial car marketplace percentage, in addition to to decrease the price of possession for fleet shoppers. ” The post GM Envolve objectives to put together fleet trade more straightforward, extra winning appeared first on Bauaelectric Auto News.

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