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Top related persons:
Vincent West - 1 Elon - 1 Tesla - 1 Rama Venkat - 1 Nivedita - 1 Tarun Mehta - 1 Mehta - 1 ” Mehta - 1
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India Durango Spain Bengaluru Hosur Indian Bangalore New Delhi
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REUTERS - 1 Economic Times - 1 Thomson - 1 India CNN — - 1 Ather Energy - 1 “ - 1 CNN - 1 McKinsey - 1

Search resuls for: "Ministry of Heavy Industries"


3 mentions found


☆ Tesla ready to invest up to $2 bln to build India factory, but with riders -ET
  + stars: | 2023-11-24 | by ( ) www.reuters.com   time to read: +1 min
Tesla logo is seen on the steering wheel of an electric vehicle at a dealership in Durango, northern Spain, October 30, 2023. REUTERS/Vincent West/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBENGALURU, Nov 24 (Reuters) - Tesla (TSLA.O) is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty on its vehicles to 15% for the first two years of operations, the Economic Times reported on Friday. The government is examining the viability of Tesla's proposal to invest $2 billion but wants to reduce the number of cars imported on a lower duty, compared to Tesla's proposal, the Economic Times said. Tesla, the department for promotion of industry and internal trade, ministry of heavy industries, ministry of road transport & highways and the ministry of finance did not immediately respond to Reuters' requests for comment. Reporting by Rama Venkat in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Vincent West, Elon, Tesla, Rama Venkat, Nivedita Organizations: REUTERS, Economic Times, Reuters, Thomson Locations: Durango, Spain, India, Bengaluru
☆ India's EV revolution has begun, with a new scooter every 90 seconds
  + stars: | 2023-08-22 | by ( Michelle Toh Kunal Sehgal Ivan Watson | Michelle Toh | Kunal Sehgal | ) edition.cnn.com   time to read: +8 min
Here, workers in black uniforms churn out a brand-new electric scooter every 90 seconds, while executives review the company’s skyrocketing sales. Mehta is the 33-year-old CEO of Ather Energy, an electric scooter manufacturer that has enjoyed a recent explosion of demand. “That’s an incredible jump.”The push has been fueled by strong state support, particularly through a policy known as “FAME,” or the Faster Adoption and Manufacturing of Electric Vehicles. Electric two-wheelers on display at the Hero Electric Vehicles headquarters in Gurgaon, India, in 2021. BluSmart is an Indian ride-hailing startup that uses an all-electric fleet, relying heavily on charging infrastructure.
Persons: Tarun Mehta, Mehta, ” Mehta, pedaling, MotoCorp, ”, Brajesh Chhibber, “, Bain, That’s, Anindito Mukherjee, Anmol Singh Jaggi, Fadnavis, Chhibber, ” Chhibber, Jaggi Organizations: India CNN —, Ather Energy, “, CNN, McKinsey, Manufacturing of Electric Vehicles, EV, Economic, Ministry of Heavy Industries, Hero Electric Vehicles, Bloomberg, Getty, ” Locations: Hosur, India, Indian, Bangalore, New Delhi, Delhi, Gurgaon, Gurugram
☆ India's e-bus ambition hits financing speed bump
  + stars: | 2022-12-17 | by ( Sarita Chaganti Singh | ) www.reuters.com   time to read: +3 min
Mahesh Babu, chief executive of e-bus maker Switch Mobility, said that "most of the contracts related to STUs are seen by banks as high risk" and called for payment security for bus makers. Financing diesel buses is safer because in the case of any default, banks can repossess the asset and easily redeploy it. A Tata Motors spokesperson said there was a need for "adequate safeguards with appropriate payment security mechanisms" to make such ventures bankable. A federal government official, on the condition of anonymity, said they would consider the demands of the industry. The Ministry of Heavy Industries, which is promoting the use of e-buses, did not immediately respond to a email seeking comment.
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