Industry
FAME-II subsidy: Carmakers voice resent over exclusion of private vehiclesedit
Two months after FAME-II, car manufacturers are now voicing their disappointment over certain exclusions in the second phase of the electric vehicle incentive scheme rolled out by the government.
India needs to prepare as automobile sector readies for paradigm shiftedit
Some reports suggest there is a decoupling between GDP growth and growth of industrial output in India. As an example, GDP grew 8.2% in FY17 and growth of IIP was restricted to 4.6%. In the following year, GDP grew 7.2%, while IIP growth was confined to 4.4%.
SBI offers 20 bps discount on electric vehicle loansedit
In a bid to boost volumes for the struggling electric vehicles segment, State Bank of India Monday launched a discounted loan for buyers of such vehicles pricing 20 basis points lower than its existing auto loans.
International
China’s Electric Buses Save More Diesel Than All Electric Cars Combinededit
Tesla and other electric cars are great for the environment. However, they pale in comparison to electric buses. According to a report from Bloomberg New Energy Finance (BNEF), electric buses will save an astounding 270,000 barrels of diesel demand in 2019—every single day.
This Chinese Electric Car Promises A Range Of 535 Km And Might Be The Solution To Range Anxietyedit
As electric variants of renowned car models make their way to the international markets, China has been at the forefront of such offerings. BYD, one such auto maker from the country has been a major player in boosting China’s electric vehicle transportation through its products.