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State finance ministers should consider reducing GST on flex-fuel vehicles to 12%: Nitin Gadkari Union Minister Nitin Gadkari has said that state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting. He said there is a need to reduce imports of fossil fuels and encourage the use of biofuel. Flex-fuel-compatible cars can run on more than one type of fuel and also on a mixture. Typically, a blend of petrol and ethanol or methanol is used. The minister noted that at present, 28 per cent GST is levied on ve...
State finance ministers should consider reducing GST on flex-fuel vehicles to 12%: Nitin Gadkari
State finance ministers should consider reducing GST on flex-fuel vehicles to 12%: Nitin Gadkari
Source: Accord Fintech
2024-09-03 12:37:05 pm
Commercial vehicle wholesale volume likely to grow up to 3% in FY25 : ICRA Rating agency ICRA in its latest report has said that the commercial vehicles (CV) wholesale volume may witness year-on-year growth of up to 3 per cent in current fiscal year. It had earlier estimated 4-7 per cent decline in CV volume for FY25. It stated that the change in projection is due to better-than-expected volume growth in first four months of the current fiscal and expectations of a marginal uptick in demand in the second half of the year. It added FY25 will be the second consecut...
Commercial vehicle wholesale volume likely to grow up to 3% in FY25 : ICRA
Commercial vehicle wholesale volume likely to grow up to 3% in FY25 : ICRA
Source: Accord Fintech
2024-09-03 10:14:26 am
Tesla scouts for its first India showroom locations, sources say U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in nearly four years, is stepping up efforts to expand into new markets. It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each cit...
Tesla scouts for its first India showroom locations, sources say
Tesla scouts for its first India showroom locations, sources say
Source: Reuters
2024-04-15 02:20:42 pm
Adani Gas subsidiary joins MG Motor India to install charging stations to boost India`s EV goals In a bid to help India build a robust and efficient EV charging infrastructure, Adani TotalEnergies E-Mobility Limited (ATEL) and MG Motor India on Monday signed a memorandum of understanding (MoU), which is aimed at enabling ease of use and increased accessibility for customers. As part of the collaboration, EV charging stations (60 kW DC) will be installed at designated MG dealerships, to provide value-added services to EV customers nationwide. “Adani TotalEnergies E-Mobility Li...
Adani Gas subsidiary joins MG Motor India to install charging stations to boost India`s EV goals
Adani Gas subsidiary joins MG Motor India to install charging stations to boost India`s EV goals
Source: IANS
2024-04-08 01:34:28 pm
India must keep e-scooter subsidies to boost adoption, Ather CEO says India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday. Industry experts believe subsidies such as cash incentives are crucial to India hitting its goal of electrifying 70% of its two-wheeler fleet by 2030, as the world's third-largest importer of oil looks to reduce dependence on fossil fuels. "We've been able to cut down a lot of subsidy r...
India must keep e-scooter subsidies to boost adoption, Ather CEO says
India must keep e-scooter subsidies to boost adoption, Ather CEO says
Source: Reuters
2024-04-08 09:32:30 am