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The FAME scheme by Indian government has been replaced with the new EMPS scheme for the next 4 months, And the sales of electric 2 wheelers has fallen in April 2024, exceeding the numbers in past.
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Launching operations in India is one of the strategic decisions to expand into new markets for Tesla, which suffered a dip in worldwide sales in the first quarter this year which marked an uncomfortable first in nearly four years. Slower growth in China and the US – the company’s two key markets – could have accelerated the entry into India, the report mentioned.
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Tesla is currently the world's largest automotive company by market value. Musk is touring India this month, and it is speculated that he may announce significant investments during this time. India presents as a solid investment destination as Tesla looks to expand its manufacturing horizons beyond China.
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The highest passenger vehicle brand to grow was the country’s biggest automobile manufacturer Maruti Suzuki. In 2023-23 it exported 2,80,712 vehicles which was a good 9% jump from the 2,55,439 units the Japanese company exported the year before.
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Ola Electric sold 3.26 lakh E2Ws in FY24.
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Innova, Fortuner, Glanza, etc to become further costlier from April 1, 2024
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All five vehicles of the South Korea based automotive company will become further costlier from beginning of the next financial year.
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GoI to give Rs 1.50 lakh to road accident victims: Road Transport Ministry
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Honda price hike: Honda Cars India giving up to Rs 1.20 lakh worth benefits on flaship sedan Honda City
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If the FASTag owner has not submitted KYC details with the bank with which the FASTag is linked, then , the FASTag will be quashed: NPCI
