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Budget 2024: Electric Vehicle cos await interim budget for subsidy boost, tax reduction

Budget News: The Ministry of Heavy Industries responded to a temporary slowdown in electric two-wheeler sales by reducing the subsidy on electric two-wheelers. The ....

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Indian luxury car buyers move from diesel to electric

Diesel vehicle sales in the luxury segment have plummeted, while electric vehicle adoption by the wealthy has surged. Diesel s share of luxury vehicle sales dropped to 35% in 2020 from 80% in 2018, as electric vehicles accounted for 6% of the market. Affluent buyers, who can install charging points at home or work, are driving demand for luxury EVs. Car makers like BMW, Audi, and Mercedes are surprised by the strong demand for EVs in a country with limited charging infrastructure. As diesel sales decline, luxury carmakers are focusing on petrol and electric vehicles. ....

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EVs will at most reach only 30% market share, says Akio Toyoda

According to reports, Akio Toyoda, Chairman & former CEO of Toyota claims that the market share of electric vehicles will only reach up to 30%. Toyoda stepped down as CEO in April, but continues ....

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Indian luxury car buyers move from diesel to electric

Diesel vehicle sales in the luxury segment have plummeted, while electric vehicle adoption by the wealthy has surged. Diesel s share of luxury vehicle sales dropped to 35% in 2020 from 80% in 2018, as electric vehicles accounted for 6% of the market. Affluent buyers, who can install charging points at home or work, are driving demand for luxury EVs. Car makers like BMW, Audi, and Mercedes are surprised by the strong demand for EVs in a country with limited charging infrastructure. As diesel sales decline, luxury carmakers are focusing on petrol and electric vehicles. ....

Balbir Singh Dhillon , Vikram Pawah , Group India , Mercedes Benz , Mercedes Benz India , Singh Dhillon , Audi India , Luxury Car Buyers , Diesel Vehicles , Electric Vehicles ,

These were Mzansi's most popular electric cars in 2023 as sales spike

EV sales increased 85.4% last year off a low base as more models were launched at better prices. ....

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