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Banks quietly raise interest rates on car, personal loans – ET Auto

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Interest rates on some retail loans, excluding home loans, have started inching up, with several banks revising their marginal cost of lending rate ( MCLR ). Several other banks have increased their personal loan rates as well. Bank of Baroda, which was charging 8.7% on auto loans last month, is charging 8.8%

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Vehicle scrappage policy to reduce cost of EVs says  Nitin Gadkari 

Electric Vehicles India

Vehicle scrappage policy to reduce cost of EVs says Nitin Gadkari . The newly launched Voluntary Vehicle Fleet Modernisation Programme or the vehicle scrappage policy will help to reduce the cost of manufacturing electric vehicles in India. It will also help to phase out unfit and polluting vehicles. Vehicle scrappage policy.

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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?

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With the increasing popularity and adoption of electric vehicles (EVs), many prospective buyers are curious about the overall costs associated with owning an EV. One crucial deciding factor in countries like India, is the depreciation, as it directly impacts the resale value and long-term financial implications of owning a vehicle. 

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Here are the ELECTRIC VEHICLE ACTS in India

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India is on its way to becoming a global leader in technology, space research, manufacturing industry, and India is also the 7th biggest market in the world. Though India has made huge progress in almost every aspect as a nation, it lags behind a particular area and its pollution control especially air pollution.

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Global Voices: ‘We can shift more competence and accountability to India,’ says Mathias Pillin | Autocar Professional

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The global CTO elaborates on how the company is in an interesting phase for the next five to seven years, in terms of providing optimal technology but at an affordable price, and how the company is talking to several OEMs, and if the business case is mature enough, they can meet the price point especially for India, and they are prepared.

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How To Start an EV Charging Station in India?

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As India seriously considers the possibility of a sustainable future in the aftermath of the fourth industrial revolution, technological achievements such as electric vehicles are dominating most discussions. It will be equivalent to opening a petrol pump with unlimited and long-term business potential in India. Steps To Follow.

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Scrappage Policy in India: Will It Boost EV Adoption?

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The scrappage program is claimed to benefit India’s ailing automotive industry. The initiative aims to create a mechanism in India for scrapping unsuitable cars. Vehicles that are over 15 years old in commercial use and over 20 years old in personal use will be eligible for scrapping.