Chinese-owned automakers are emerging as major players in India’s electric passenger vehicle segment, challenging long-time leaders Tata Motors and Mahindra & Mahindra. In under two years, brands such as BYD, MG Motor and Volvo — all backed by Chinese companies — have overtaken several Korean and German rivals and now account for nearly a third…
China is swiftly emerging as a strong contender in India’s growing electric passenger vehicle market, currently dominated by homegrown companies Tata Motors and Mahindra & Mahindra. In less than two years, the likes of BYD, British origin but China-owned MG and Volvo, of Swedish heritage and China ownership, have overtaken South Korean and German rivals…
Tesla opened its first showroom in India last month with little of its usual pomp, but the entry of Elon Musk’s electric vehicle company still made a splash – and is further driving expectations for the South Asian nation’s EV market. Indians have been quietly buying EVs. While still a niche segment in the world’s…
Mumbai: India’s ultra-luxury car market, worth an estimated ₹2,000 crore annually, is facing uncertainty due to a lack of clarity on the timeline for rollout of the UK-India Free Trade Agreement (FTA). At stake are British marques such as Rolls-Royce, Aston Martin, Bentley and McLaren besides some models from Jaguar Land Rover like the Range…
Britain and India are set to formally sign a free trade agreement on Thursday during Prime Minister Narendra Modi’s UK visit, following three years of negotiations. The deal then needs approvals from the British parliament and India’s federal cabinet, likely within a year. Here are the key points of the agreement: TARIFF CUTS India to…
Tata Motors is preparing to go full tilt in the electric vehicle (EV) space to claw back lost market share as rivals turn up the heat with an aggressive pipeline of products spread over the next few years. In addition, merging the EV arm with the passenger vehicle entity is also on the anvil. “In…
India–UK Free Trade Deal: After 14 rounds of negotiations, India and the UK have signed a landmark FTA. From zero-duty exports for apparel and leather to quota-based UK entries for premium cars and whisky, this deal is projected to double trade to $120 billion by 2030. Indian workers also win with social security relief in…
New Delhi: Consumers of premium cars and SUVs are likely to benefit from the India-UK FTA with New Delhi set to cut import duties on a specified volume of vehicles.As per a statement issued by the UK government, high-end cars made in the country “will benefit from a drop (in import duties) from over 100%…