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EV manufacturers could lose edge if GST slashed on ICE vehicles: HSBC Report

EV manufacturers could lose edge if GST slashed on ICE vehicles: HSBC Report

by AIP Online Bureau | Aug 22, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Technology

HSBC outlines three possible scenarios. In the first, GST on small cars could be reduced from 28 per cent to 18 per cent, while larger cars may be moved to a new special rate of 40 per cent with the removal of the cess. This would lead to price cuts of around 8 per...
EV sales jump 93% in July, domestic automobile retail sales declined 4.31%

EV sales jump 93% in July, domestic automobile retail sales declined 4.31%

by AIP Online Bureau | Aug 8, 2025 | Data, Eco/Invest/Demography, Technology

“This momentum signals that India’s EV transition is steadily moving beyond early adopters into mainstream consumer and fleet markets,” FADA President CS Vigneshwar stated New Delhi: Electric passenger vehicle retail sales jumped 93 per cent...
General insurers rush to become preferred choices for Tesla’s EV customers in India

General insurers rush to become preferred choices for Tesla’s EV customers in India

by AIP Online Bureau | Jul 15, 2025 | Indian News, Non-Life, Reinsurance, Risk Management, Technology

ACKO General Insurance,Zurich Kotak General Insurance and Liberty General Insurance have already announced their special EV covers on Tuesday for Tesla cars. Mumbai: As Elon Musk’s Tesla has set up its first show room in Mumbai for selling its electronic...
EV sales in India rise 28.6 pc to 1,80,238 in June: FADA

EV sales in India rise 28.6 pc to 1,80,238 in June: FADA

by AIP Online Bureau | Jul 8, 2025 | Data, Eco/Invest/Demography, Technology

“In June 2025, electric two-wheelers commanded 7.3 per cent of the market, up from 5.8 per cent a year ago, demonstrating growing consumer confidence in EV technology. Electric three-wheelers now account for over 60 per cent of all three-wheeler sales, cementing...
Retail vehicle sales in India surpass wholesales in June, driven by discounts, EV push

Retail vehicle sales in India surpass wholesales in June, driven by discounts, EV push

by AIP Online Bureau | Jul 3, 2025 | Data, Non-Life

New Delhi: Retail registrations in the Indian automobile market outpaced wholesale dispatches across key segments in June 2025, a new report said on Wednesday. While two-wheeler (2W) retail demand continued at a slow pace, commercial vehicles (CVs) and passenger...
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