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Tesla plans to enter India this year or next

Tesla have chief  officer tweeted that he would love to be in India this year or max by next year. Same Musk 10 months back had blamed restrictive policy of India for delaying carmaker’s entry into world’s 4th largest automobile market. The Narendra Modi-led government has been wooing Tesla to set up a factory but Musk has held back citing challenging government regulations as hurdles and in the past had sought temporary waiver on import penalties and other restrictions until a local facility is built. After 4 years planning Tesla started its first car manufacturing unit outside US in China at a cost of $5 billion. India has a paltry 6,000 passenger EV on its roads, compared with China’s 1.35 million. Though India is a promising market for EV maker but it lags behind China and is plagued by minimal government support for cleaner technology and paucity of charging stations. To read more articles about TESLA visit:  https://www.a...
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LCV to benefit greatly from Indian middle class growth

Globally, LCVs account for 75% of commercial vehicles sales but in India, it is only 62%. Indian middle class which is growing at a healthy pace will bolster growth in the commercial vehicles space in India going forward and the biggest beneficiary will be the light commercial vehicles (LCV) segment The increase in urbanisation and consumption will lead to shifts in market segments and LCV will play a crucial role in last mile connectivity. Industry experts feel that there are 3 big challenges the industry needs to overcome to realise this sales potential which are lack of availability of finance due to liquidity crunch at NBFC, the upcoming BS-VI emission norms and a lack of drivers. With the introduction of BSVI, the cost hike will be much higher than the prediction of 5%-7%. The electric and autonomous vehicles are inevitable in future and the keys to growth will be reducing time taken to bring new models to the market, making vehicle platforms more flexible and dynamic, and st...
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Govt of India notifies phased import duty hike on electric PV parts, lithium-ion cells

With the intention of promoting domestic manufacturing of EVs, Indian Government has notified phased increase in basic customs duty on parts of electric passenger vehicles to be assembled in India to 15% from Apr-20 and 10% on imported lithium-ion cells by Apr-21 As per the road map under the phased manufacturing programme (PMP), it plans to double the basic customs duty on CBU (completely built units) of electric buses and trucks to 50% effective Apr-20. Basic customs duty on parts used in manufacturing electric vehicles (EVs) like AC or DC charge(r, motor and motor controller; power control unit, among others, will also be increased to 15% from NIL at present starting from Apr-21, as the Centre eyes to promote mass adoption of EVs through schemes like FAME II to be rolled out from April. Effective Apr-21, the basic import duty on battery packs used in manufacturing electric vehicles will also be increased to 15% from the current 5% and would be doubled to 10% on lithium ion cel...
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