Import Tax Cut In Government's New EV Policy, Tesla's India Plans Boosted
NDTV
EVs accounted for just about two percent of India's total car sales last year, but the government has set a target of 30 per cent by 2030.
The government has cut taxes - as much as 85 per cent - on the import of a certain number of EVs, or electric vehicles, as part of a new scheme to "attract investments by reputed global manufacturers".
The policy - which the government has said is "designed to attract investments in the e-vehicle space by reputed global EV manufacturers" - will potentially boost entry plans of Elon Musk's Tesla, which Bloomberg said in December was close to an agreement to set up a manufacturing plant in Gujarat.
Musk and the Indian government have gone back-and-forth on the subject of tax breaks; the X (formerly Twitter) boss showed an interest in India as early as 2019 but has lamented high import duties that make his cars "unaffordable"; the cheapest Tesla car retails for around Rs 70 lakh each in India.
Maharashtra Navnirman Sena failed to open its account and got just 1.5 per cent voteshare
Jharkhand assembly election results 2024: "All of you know it is a hard-won victory after the battle between INDIA and the NDA," Jharkhand Chief Minister Hemant Soren said
Election Results 2024: Introduced in 2013 following a Supreme Court directive, NOTA offers voters an option to reject all candidates while maintaining ballot secrecy.
PM Modi also offered the Congress and Jharkhand Mukti Morcha congratulations for their win in the election in that state.
However, Salman who got married on Friday night will miss his own wedding reception, scheduled for November 26 in Meerut, due to the district ban imposed just a day before the 'nikah' (wedding).
Maharashtra Election Results 2024: The rebel faction of Eknath Shinde, which has pitched the electoral battle as an acid test of "who is the real Shiv Sena" has lost no time to announce it as an ideological victory.
Meanwhile, as the dust settles after the counting of votes, the identity of the victor of the 2024 Maharashtra Assembly election is settled, and the focus now will be on the next Chief Minister.
The Jharkhand Mukti Morcha leader was arrested by the Enforcement Directorate in January and released on bail in June.
Jharkhand Elections Results 2024: JMM chief Hemant Soren and his wife Kalpana are parents to two boys. Sharing a picture of his two sons, he wrote, "My strength."
Overall, the BJP has not only retained the three seats it won in 2022 but also flipped two others - Kundarki and Katehari - while also picking up a sixth from allies NISHAD Party.
Fahad Ahmed, a candidate of the Sharad Pawar-led NCP faction, is currently trailing Sana Malik, nominee of Ajit Pawar's NCP, by over 3,000 votes and the counting is nearing completion.