Baua Electric
JANUARY 17, 2024
Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. Several automakers like Toyota, who have been selling hybrid cars in India have been lobbying for a tax cut on the hybrid vehicles in India.
Baua Electric
MAY 10, 2024
Taking a dig at the push for hybrid vehicles, Tata Motors’ Group CFO, PB Balaji, cast doubt on the technology’s environmental benefits, suggesting it’s primarily driven by tax breaks rather than a commitment to clean mobility. In 2023, the industry witnessed the share of hybrid vehicles increase to around 2% from 1.7%.
Baua Electric
JANUARY 20, 2024
By: Srinjoy Bal | Updated on: 21 Jan 2024, 12:05 PM In a recent letter to the government, Tata Motors has opposed the further tax cuts on hybrids. Meanwhile, Toyota and Maruti Suzuki are of the view for more tax cuts on hybrids. --> In a recent letter to the government, Tata Motors has opposed the further tax cuts on hybrids.
Teslarati
AUGUST 2, 2021
Attempting to enter the Indian automotive market with its sustainable vehicles, Tesla has petitioned for lower import taxes before committing to a Gigafactory in India. On Monday, he told Parliament (via Bloomberg ): “No such proposal is under consideration in Ministry of Heavy Industries.” Chairman R.C.
Baua Electric
APRIL 30, 2024
The South Korean car maker has also partnered Indian battery maker Exide Industries to make localised cells to ensure an accessible price. Hyundai’s closest rival Maruti Suzuki along with its global alliance partner Toyota Motor continues to drive the hybrid vehicle segment in India. The market leader has guided for sales of about 7.5
Baua Electric
MARCH 5, 2024
Picture is representational) The automotive industry’s resilience in recent years amidst various crises can be largely attributed to the popularity and profitability of SUVs. Tax hikes and stricter regulations targeting SUVs could potentially dampen demand and pose a threat to manufacturers’ profitability.
Plug In India
DECEMBER 30, 2020
The Indian electric vehicle industry too suffered a setback during the first six months of the year. Yet, by the end of the year, there is a huge wave of optimism in the industry for the coming year. This report logs the highs and lows of the Indian EV industry for 2020. It's now up-to the auto industry to launch more EV's.
Expert insights. Personalized for you.
95 
Let's personalize your content