Ford Motor Company is making a comeback in India, two years after halting operations. The American automaker has signed a letter of intent with the Tamil Nadu government to resume production at its Chennai plant, focusing on exporting vehicles to global markets rather than local sales. This strategic shift comes after years of struggling to ...
 "Tax Waivers Ignite Hybrid Car Revolution in Uttar Pradesh’s Auto Market")
Japanese automakers Toyota and Maruti Suzuki are aggressively promoting hybrid vehicles in Uttar Pradesh, India, following recent tax waivers that make hybrids more attractive for buyers. While hybrids are taxed at 43 percent, just below the 48 percent for gasoline cars, these waivers can lead to significant savings, such as $15,800 on a luxury Toyota ...
 "India’s Car Tax Clash: Electric vs. Hybrid in Green Revolution")
India plans to maintain a five percent tax on electric cars while keeping a high tax of 48 percent on hybrid vehicles for the foreseeable future, according to G20 Sherpa Amitabh Kant. Major car manufacturers like Maruti Suzuki and Toyota have called for lower taxes on hybrids, arguing that electric vehicles alone cannot reduce emissions ...
 "Car Sales Plummet as Dealer Stock Soars Amidst Dwindling Demand Crisis")
In August 2024, domestic passenger vehicle sales in India fell by 2-3% year-on-year, totaling about 355,000 units. This decline is attributed to sluggish demand and high unsold inventory, with dealers holding around 730,000 cars, enough to last over two months. Maruti Suzuki, the leading carmaker, cut its dealer dispatches by around 13,000 units, leading to ...
If you’re thinking about making a big purchase, there are a few important things to consider. Before you buy, it’s crucial to do your research and have a clear understanding of what you’re getting into. From budgeting to researching the product or service, being well-informed can save you time and money in the long run. ...
A compact, high-quality electric vehicle from China is causing concern for the US auto industry. Despite its small size, this Chinese EV is proving to be a formidable competitor, raising fears of increased competition for American car manufacturers. With its sleek design and advanced technology, this electric vehicle is making waves in the Market and ...
The ongoing trade tariffs imposed on China may not be the most effective way to secure victory in the electric vehicle (EV) arms race. Instead, focusing on developing and investing in EV technology is crucial for staying ahead in the Market. Efforts to prioritize EV innovation and production will ultimately determine success in the competitive ...
