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China’s so-called anti-involution campaign has driven a structural reset in the local economy, and for India, this opens up opportunities across commodities, renewables, chemicals and EVs.
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'The best companies in the world are always built in public markets... the rigour comes in from public market scrutiny,' Aggarwal tells Moneycontrol
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In order to avoid any strong backlash, these EV mandates could be 'limited to only a certain segment of the vehicle fleet', and need not be extremely stringent to start with, said NITI Aayog.
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Starting next year, Neue Klasse model production will initially run parallel to current cars. From the end of 2027, BMW’s flagship plant will be the first existing site in its global production network to exclusively manufacture all-electric vehicles.
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The partnership will aim to accelerate the growth of clean mobility and advanced manufacturing sectors.
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The tie-up is expected to enable a smoother, tech-integrated financing experience for Indian buyers of Tesla’s electric cars, the company has said
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With Tesla set to debut on Indian roads, the country's fast-growing EV market is gearing up for a phase of fierce competition, innovation—and disruption.
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Though under selling pressure in the share market on July 11, M&M emerged as the largest electric car and SUV player in Indian SUV segment in terms of revenue share during the March quarter, as per JATO data cited by the company.
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The scheme aims to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles.
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Although the Society of Indian Automobile Manufacturers is yet to make a formal plea for paring the localization requirement, the industry body’s members have flagged the need in various consultations with the government.
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Tata Motors said its CV business will be 'stepping up the pace now', setting sight on a 40% market share by 2027 with teen EBITDA margin. Commercial vehicles at Tata Motors could see a proactive investment in decarbonisation along with software defined vehicles (SDVs).
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Honda said it will focus on its next-generation Hybrid EVs to be introduced into market from 2027 onward, after dropping proposed investment in EVs to 7 trillion yen, or $48.3 billion.
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CATL would be raising HK$31 billion ($4 billion) at that price, based on the 118 million shares in the base offering. The amount could rise to $4.6 billion if a 15% upsize option is exercised.
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April 2025 saw TVS Motor overtake Ola Electric, and Bajaj Auto increase its market share, signalling a more competitive, brand-driven e2W landscape.
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Domestic carmakers propose phased reduction in EV tariff after 2029 to 30% from around 100%, says report
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The decision, announced in a regulatory filing on March 28 was attributed to evolving commitments on both sides, making it difficult to complete the transaction within the planned timeframe.
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Pricing to be determined at the time of launch, says the auto major
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Subsidies and more charging points in cities won’t be enough. Range anxiety must be addressed
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Tesla will commence its India rollout in the next couple of months with imported EVs, and is unlikely to have any local manufacturing component to begin with. Instead, the government may seek to integrate India into Tesla’s global value chain.
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The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) was notified in March 2024.
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The car company said India's 'business environment has changed' due to declining market share and intensified competition in the electric vehicles space, adding that the company needs to 'rethink strategy'.
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Showroom locations have been identified in Mumbai's business district of BKC, and at Aerocity in New Delhi. Initial plans involve the launch of an EV under $25,000, or around Rs 21 lakh, for sale in India.
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The report claimed that the EV firm has called several senior executives at Tata Motors to fill the new positions
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Mercedes-Benz India CEO Santosh Iyer said consumers are not yet ready to pay a premium for sustainable solutions, and issues such as 'charger anxiety' continue to affect EV adoption.
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Mahindra has planned a 'structured' production ramp-up with timelines for each variant, after it said it had received an 'overwhelming' response from customers.
