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From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024

From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024

Prerna Lidhoo     calendar12 Jul 2024

ACMA's recommendations to the government include incentivising capital expenditure, revising depreciation rates on plant and machinery in the auto component industry from 15% to 25%, and rationalising GST rates on EVs and components.

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From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024 News
From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024

By Prerna Lidhoo calendar12 Jul 2024

ACMA's recommendations to the government include incentivising capital expenditure, revising depreciation rates on pla...

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Car and sedan sales down 17% in April-June 2024, Toyota sole OEM to register growth Analysis Sales
Car and sedan sales down 17% in April-June 2024, Toyota sole OEM to register growth

By Ajit Dalvi calendar12 Jul 2024

At 341,293 units sold in Q1 FY2025, demand for hatchbacks and sedans continues to slide. All but one of the nine carma...

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Zapp partners with Bounce Infinity to make scooters at Bhiwandi plant News
Zapp partners with Bounce Infinity to make scooters at Bhiwandi plant

autherAutocar Professional Bureau calendar12 Jul 2024

Partnership aims to support Zapp’s entry into the Indian market and accelerate the assembly and distribution of Zapp’s...

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Zapp partners with Bounce Infinity to make scooters at Bhiwandi plant News
Zapp partners with Bounce Infinity to make scooters at Bhiwandi plant

autherAutocar Professional Bureau calendar12 Jul 2024

Partnership aims to support Zapp’s entry into the Indian market and accelerate the assembly and distribution of Zapp’s...

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SIAM expects push for rural economy, scrappage incentives in Union Budget News
SIAM expects push for rural economy, scrappage incentives in Union Budget

By Mayank Dhingra  calendar12 Jul 2024

The industry body representing automotive OEMs says fiscal measures that stimulate the rural economy will augur well f...

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SIAM expects push for rural economy, scrappage incentives in Union Budget News
SIAM expects push for rural economy, scrappage incentives in Union Budget

By Mayank Dhingra  calendar12 Jul 2024

The industry body representing automotive OEMs says fiscal measures that stimulate the rural economy will augur well f...

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Int’l research body calls on India to restore FAME II subsidies for two-wheelers News
Int’l research body calls on India to restore FAME II subsidies for two-wheelers

autherAutocar Professional Bureau calendar12 Jul 2024

It noted that without subsidies, an electric two-wheeler can cost twice as much as the a petrol two-wheeler, the repor...

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Electric 2-wheelers to become cheaper than ICE variants in 4-5 years - report News
Electric 2-wheelers to become cheaper than ICE variants in 4-5 years - report

autherAutocar Professional Bureau calendar12 Jul 2024

Under the ₹15,000 per kWh subsidy scenario, upfront cost parity for short- and mid-range E2Ws would be expected to eme...

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Electric 2-wheelers to become cheaper than ICE variants in 4-5 years - report News
Electric 2-wheelers to become cheaper than ICE variants in 4-5 years - report

autherAutocar Professional Bureau calendar12 Jul 2024

Under the ₹15,000 per kWh subsidy scenario, upfront cost parity for short- and mid-range E2Ws would be expected to eme...

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Can Tesla's entry boost the Indian EV market?

Can Tesla's entry boost the Indian EV market?

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No

 

24.35%

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43.26%

Total Votes : 460