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Cholamandalam sees rural demand boom in vehicle financing | Autocar Professional

Baua Electric

Cholamandalam Investment and Finance Company Limited, a major participant in India’s vehicle financing sector, reported a significant surge in demand, particularly in rural markets. The company management anticipate a marginal rise in the cost of funds due to an expanding borrowing profile.

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Reducing the cost of electric vehicles

Electric Vehicles India

Reducing the cost of electric vehicles. 10,000/KWh with an increase in cap from 20% to 40% of the cost of the vehicle from 11th June 2021, thus enabling the cost of Electric two-wheelers at par with that of ICE two-wheeler vehicles. The demand incentive for electric two-wheelers has been increased to Rs. 15,000/KWh from Rs.

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Revamp Moto partners with loan providers for 2W financing solutions – ET Auto

Baua Electric

The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.

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Report on electric vehicle adoption in india

Baua Electric

the adoption of electric vehicles (EVs) in India has been gaining momentum, driven by various factors such as environmental concerns, government initiatives, and advancements in technology. Automaker Involvement: Several automotive manufacturers in India have entered the electric vehicle market or have plans to do so.

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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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India could be the largest electric vehicle market by 2030, says Piyush Goyal | Autocar Professional

Baua Electric

With the adoption of electric vehicles picking up in the country, India could become the largest electric vehicle market in the world by 2030, Minister of Commerce and Industry Piyush Goyal today. By 2030, India could become the world’s largest electric vehicle market,” Goyal said at the inauguration of Bharat Mobility Global Expo 2024.

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BYD India plans 90% market coverage, eyes dominance in Rs 30-lakh EV category | Autocar Professional

Baua Electric

Chinese EV maker BYD, which launched its third product – the BYD Seal EV sedan – in India on March 5, plans to enhance its market coverage from the existing 65 percent to over 90 percent in the coming years. The company says the South is the biggest EV market in India, followed by the North and West, which are almost equal.

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