Search Results for: Electric vehicles

India's manufacturing growth eases in August, stays above long-run average

India's Manufacturing Sector Maintains Resilience Amid Slowdown

India's manufacturing sector growth has slowed, but remains above the long-run average, according to HSBC India's PMI data. The sector's resilience and strategic planning are crucial to India's $10-trillion ambition, with focus areas including semiconductors, electronics, electric vehicles, renewable energy, and defence. Sep 2, 2024
Car manufacturers offer up to Rs 20,000 discount under new scrapping policy Car manufacturers offer up to Rs 20,000 discount under new scrapping policy

India's New Vehicle Scrapping Policy to Boost Cleaner and Efficient Vehicles

India's Vehicle Scrapping Policy encourages the replacement of old vehicles with cleaner ones, offering substantial discounts on new purchases. Major car manufacturers are offering discounts of 1.5% of the ex-showroom price or Rs 20,000, while Mercedes Benz India offers a flat discount of Rs 25,000. The policy also includes benefits like scrap value from Registered Vehicle Scrapping Facilities and tax concessions. The initiative aims to promote cleaner, safer roads and combat pollution, requiring coordination between manufacturers, scrapping facilities, and the government. Aug 29, 2024
Kia Niro, electric vehicle

South Korean Automakers Tackle EV Charging Safety Concerns

South Korean automakers are addressing safety concerns following a series of EV fires, debunking myths about EV charging safety. Hyundai and Kia assure their EV batteries are safe even when fully charged, with a battery management system monitoring potential issues. Aug 21, 2024
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