The new EV policy of the Central Government can be launched soon to promote the industry associated with electric vehicles (EV) in the country. The objective of this policy is to encourage international automobile companies to manufacture EVS in the country. However, Tesla of Billionaire Elon Musk is not much interested in this policy. The…
Electric vehicles (EV) market has increased rapidly over the years. One may soon apply for a new policy with the aim of bringing International Electric Vehicle Makers in India included in large automobile markets. In this policy, these companies will be offered less import duty on manufacturing EV in the country. This policy was announced…
Seven executives of the unit of South Korea’s electronics and devices maker Samsung have approached a court to reject a penalty of about 8.1 million dollars (about Rs 692 crore) from a court. This penalty is involved in a tax demand demand of about 60.1 million dollars (about Rs 5,135 crore) for the wrong classification…
Tesla, one of the large electric vehicle (EV) companies, is planned to start business in the country soon. However, Tesla has suffered a major setback before. The head of the company’s unit in India, Prashanth Menon has resigned. For the last four years, he was leading the work as the chairman of the company’s board…
Samsung, one of the large consumer electronics and smartphone companies, has challenged a tax demand of about $ 52 million (about Rs 4,380 crore) in India in a tribunal. This tax demand is reportedly associated with imports with wrong classifications of networking gear. A report by Reuters quoted the documents related to the case as…
The Vinfast’s factory in India, including the large electric vehicle (EV) companies, may begin on 30 June. This Vietnam company is trying to increase its sales in Asian countries rather than expansion in North America and Europe. Vinfast plans to set up a factory in Indonesia in October. The company’s founder, Pham Nhat Vuong said…
Tesla, one of the large electric vehicle (EV) companies, has said that the 10 percent import tariff on cars in India is making customers difficult. Tesla’s Chief Financial Officer, Vaibhav Taneja said that Tesla is assessing when she has to enter this ‘very beneficial’ market. Earlier, Tesla’s Chief, Elon Musk also protested against more tariffs…
American devices maker Apple has manufactured iPhones worth $ 22 billion (about Rs 1,89,412 crore) in the last financial year in the country. This is an increase of about 60 percent in the assembling of iPhones in India as compared to the previous financial year. This is indicating the company’s plan to shift some part…
Tesla, one of the large electric vehicle (EV) companies, is preparing to start business in India. The central government is working on a new policy to promote the manufacturing of EV in the country. In March last year, the government reduced custom duty to 15 percent on imports of EV with special conditions. A media…
There may be a trade deal between the US and India soon. In this, America is eyeing the abolition of tariffs on the import of cars. Tesla, one of the large electric vehicle (EV) companies, is preparing to start business in the country soon. Before this, tariffs on the import of cars can be reduced….