Srinivasan had previously said the rushed timeline will impact adversely investments and employment in the auto industry.
Hyundai Motor India, along with engineers from the Namyang R&D Centre (South Korea), has already begun studies to assess the requirements of private buyers.
The Kona Electric has a range of 452 km on full charge. The Kona Electric gets charged in 6.10 hours with an AC charger. The DC fast charger can charge the car up to 80% in 57 mins.
Sitharaman, in her maiden budget speech, proposed to extend income tax benefit of Rs 1.5 lakh on interest of loans taken to purchase electric vehicles to buyers.
June car sales shrink by double digits for third month in a row; commercial vehicles skid too.
On the basis of this, we will decide on introducing BS VI-compliant diesel engines in our vehicles,” said Rajeev Chaba, president of MG Motor India, which is owned by China’s SAIC Motor Corp.
The country’s first internet-enable SUV MG Hector will take on the likes of Hyundai Tucson, Tata Harrier, Mahindra XUV500 and Jeep Compass.
Renault hopes big chunk of sales will come from Triber MPV to be launched in festive season & sub-4 m SUV next year.
Maruti Suzuki — which accounts for one out of every two cars sold locally — produced 1.86 million units in the last financial year.
The industry was cautioned that if they do not take steps to address pollution issues, courts will step in.
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