If all goes well, Tesla can reportedly produce 5 lakh electric vehicles annually that starts from Rs 20 lakh, as the Elon Musk-run company plans to set up its auto parts and electronics chain in India, along with seeking incentives and tax benefits.
Primarily influenced by the private equity (PE) segment, the automotive industry in India has entered a transformative phase, embracing alternative fuel technologies and innovative mobility solutions in the EV era, according to the report by Grant Thornton Bharat.
MG Motor India has introduced its latest electric vehicle (EV), the "SUV-ZS," which represents a significant leap in electric mobility. The EV seamlessly integrates electric power, internet connectivity, and autonomous capabilities.
Maruti Suzuki has launched its most expensive 4-wheeler hybrid car Invicto in India. The latest entrant in the Maruti Suzuki portfolio starts from Rs 24.79 lakh.
The new KIA Seltos comes with a refreshed look, most powerful engine in the segment, and host of safety and smart features.
In August, Nitin Gadkari plans to introduce Toyota's Camry car which will run entirely on ethanol and will have the capability to generate 40% electricity.
Mahindra Defence Systems have started delivering Armado — Armoured Light Specialist Vehicle (ASLV) ) — built for the Indian armed forces, informed Anand Mahindra, chairman, Mahindra Group.
South Korea is the first country for the British carmaker to introduce the battery-powered model among Asia-Pacific countries, Rolls-Royce said in a statement.
French carmaker Renault is planning to launch 3 new models in India including an EV in the next couple of years, reports have said.
Toyota is working on 4-wheeler electric vehicles that will give nearly 1,200 kms of range within 10-minutes of charge.
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