Hyundai, Kia Motors, Tata and Mahindra are lobbying India’s most populous state not to offer incentives for hybrid cars, saying the move – set to help rivals Toyota and Maruti Suzuki – would hit targets on adopting electric cars and investment plans. Four separate company letters to Uttar Pradesh, seen by Reuters, highlight the rivalry … Read more
Mahindra Group has announced a massive investment plan of Rs 37,000 crore over the next three years, with a significant portion dedicated to the auto sector. Anish Shah, the Managing Director and CEO, revealed that the company aims to introduce 23 new vehicles by 2030. This ambitious plan includes the launch of nine internal combustion … Read more
The Indian government has given the green light to a new electric vehicle scheme with tax relief aimed at positioning India as a prime manufacturing hub. This comes at a time when the Asian nation seeks to attract foreign money for local production from the likes of Tesla. India plans to lower import taxes on … Read more
