The total domestic sales stood at 80,825 units last month against 76,537 units in October 2022, a growth of 6 per cent, said the company in a regulatory filing. Its total commercial vehicle sales grew by 4% last month.
The move aims to provide a distinct and tailored experience to customers opting for environmentally friendly models.
According to the information, the vehicle will run on a blend of 85% ethanol and 15% petrol, along with a battery to run it in electric mode.
The issue will be discussed between the government, RBI and other stakeholders.
The plant will be set up under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022.
A leading EV charger maker, Servotech Power Systems will hold 99.99 per cent stake in the newly incorporated subsidiary.
Electric vehicles news: As many as 34,00,08,524 vehicles were registered with the transport ministry till July 14. Out of these only 27,44,019 were registered as electrical vehicles. In other words, electric vehicles are only 0.8 per cent of the total vehicles registered in the country.
The company said that the cuts are expected to reduce personnel-related cash spend by more than $50 million annually.
Toyota is working on 4-wheeler electric vehicles that will give nearly 1,200 kms of range within 10-minutes of charge.
Addressing an industry event, Puri said that this would help in achieving the target of 450 million metric tonne per annum (MMTPA) refining capacity in the country.
Union Minister Nitin Gadkari urged people to use electric scooters as it is economically feasible and suit the climate.
According to reports, senior Tesla executives are planning to meet PMO officials to discuss local sourcing of components for Tesla's models.
About 50 per cent of Indian consumers are now open to buying EVs, albeit with a caveat, while 54 per cent of consumers are now concerned more about EV quality.
Tata Motors is currently leading the Indian passenger electric vehicle (EV) market, followed by MG Motor, and Hyundai Motor.
According to an official statement, a draft of the scheme has now been sent to the lieutenant governor. It will then be put up for public feedback and comments by the transport department before being given the final shape.
Yogi Adityanath on Electric Vehicles: A government spokesperson explained that the two provisions have been made because EVs are currently more expensive than diesel and petrol vehicles and therefore, there is a need to allow for additional expenditure on their purchase.
Toyota has indicated that by 2026, it will have launched ten new EV models and will sell 1.5 million battery electric vehicles per year.
Atishi said that EV charging rates in Delhi are the "lowest in the world" at less than Rs 3 per unit.
Sharing the post on Instagram, Bill Gates wrote, "India’s passion for innovation never ceases to amaze. I drove an electric rickshaw, capable of traveling up to 131km (about 81 miles) and carrying up to 4 people. It’s inspiring seeing companies like Mahindra contribute to the decarbonization."
As per the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022, 100 per cent tax exemption will be given on electric vehicles (EV) sold and registered in Uttar Pradesh from October 14, 2022, to October 13, 2025, says a notification issued by Principal Secretary L Venkateshwarlu.
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