Tesla CEO Elon Musk has signaled that his electric vehicle company is preparing to enter the Indian market, both in terms of vehicle sales and potentially manufacturing. In a recent interview, Musk stated that like other major nations, India should have access to electric vehicles, implying it is a natural...
Tesla Expresses Interest in Setting Up a Plant in India
Subsequent to a proposal from Tesla, which is mulling an entry into India's automotive market, the country's commerce ministry is working on a new electric vehicle policy that might slash import taxes for automakers who commit to some local manufacturing, reports Reuters. The policy being considered may allow automakers to...
Automaker Fisker Inc. Launches Engineering Center in Hyderabad
450 miles southeast of Mumbai, Manhattan Beach, CA-based Fisker Inc., set up its new headquarters for operations, in the Indian city of Hyderabad. The technical center in Hyderabad called Fisker Vigyan India Pvt Ltd, will focus on software development and embedded electronics, virtual vehicle development support functions, data analytics, and...
India Offers $3.5 Billion to Accelerate Cean Tech Vehicles
India will award $3.5 billion in incentives to auto companies over a five-year period under a revised plan to boost the manufacturing and export of clean and advanced technology vehicles. Under the new proposal, only automakers who manufacture EVs and hydrogen fuel cell cars will be eligible. Auto parts makers...
MG Motor U.K. to Launch SUVs, EVs in India
British automotive company MG Motor U.K. Limited, a subsidiary of Shanghai-based SAIC Motor, will begin production of its SUV Hector in India in the second quarter of 2019. The company has set up its manufacturing facility in Halol, Gujarat, and plans to begin production with over 75 percent localization. MG...
India Offers Incentives Over $12 Billion to Reduce Pollution
India's federal Ministry of Power has proposed incentives worth $12.4 billion to encourage power plants to install equipment to curb emissions and to develop infrastructure for electric vehicles. The lion's share of the amount will be set aside for curbing sulfur emissions from power plants, and the rest will be...