[ad_1] NEW DELHI: Govt on Friday announced a policy overhaul for high-end foreign-made electric cars that will lower the import duty for vehicles such as Tesla and VinFast to 15% for up to five years, provided the companies commit to invest at least $500 million (Rs 4,150 crore) for local manufacturing.The policy, crafted by the…
[ad_1] China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven paint job and the poor fit of its doors. “They were the laughingstock of the industry,” said Michael Dunne, a China…
[ad_1] Tesla in India soon? Elon Musk-led US electric automaker Tesla is on the verge of entering the Indian market as the government is finalizing a policy to extend concessional import duties on electric cars exceeding Rs 30 lakh (about $36,000) for 2-3 years. This move comes as India aims to boost employment and reduce…
[ad_1] NEW DELHI: It’s widely believed that electric cars are prohibitively expensive to buy. But perception may not be keeping pace with reality. After recent cuts by makers such as Tata Motors and MG Motor, you may well recover any additional price paid for buying an EV in well under one year, especially as the…