Stellantis to bring Leapmotor EVs to India
Stellantis has four electric vehicles currently in its portfolio.
Leapmotor B10 has a claimed range of up to 600 km, according to CLTC.
Stellantis has announced that they are all-set to bring the Leapmotor brand to the Indian market. Leapmotor sells electric vehicles in the global market and they will do the same in India as well. In 2024, Leapmotor delivered nearly 3,00,000 vehicles, doubling its year-over-year growth.
Leapmotor is already present in countries such as Australia, Malaysia, New Zealand, Romania, France, Italy, Nepal, Thailand and a few others. The brand has four electric vehicles in its portfolio. There is T03, B10, C10 and C10 Reev. As of now, it is not confirmed which electric vehicle Leapmotor will bring to the Indian market. We will have to wait for some more time to get more information.
"We're excited to announce the entry of Leapmotor brand in India thereby strengthening our commitment to the market. We already have a strong presence in India with our Jeep and Citroën brands, and we deeply understand the strategic importance and immense potential that the Indian market holds. Globally, Leapmotor is redefining electric mobility with a strong focus on innovation, quality, and customer satisfaction. We look forward to bringing premium EVs to India's upwardly mobile consumers—vehicles that redefine modern driving with cutting-edge technology, comfort, and sustainability." said Shailesh Hazela, CEO and Managing Director, Stellantis India.
Also Read : Next-gen Jeep Compass spied testing ahead of global debut soon Leapmotor T03
The T03 is a small electric hatchback which has a WLTP claimed range of 265 km on a single charge. The battery pack has a capacity of 37.3 kWh and can be charged from 30 per cent to 8-0 per cent in 36 minutes. The electric motor puts out around 95 hp and can accelerate from 0-100 kmph in 12.7 seconds.
Also Read : Citroen Basalt, C3 and Aircross get Dark Edition, MS Dhoni takes delivery of 1st unit Leapmotor C10
The C10 is an electric SUV that gets a 69.9 kWh battery pack that can deliver a WLTP claimed range of 423 km. The battery pack can be charged from 0 per cent to 80 per cent in 30 minutes. The electric motor on C10 produces around 215 bhp and can hit 100 kmph from a standstill in 7.5 seconds.
Check out Upcoming EV Cars in India, Upcoming EV Bikes in India.
First Published Date: 25 Apr 2025, 12:22 PM IST
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Instruments of Monetary Policy Various direct and indirect instruments are used by the RBI for implementing monetary policy, including Repo Rate, Reverse Repo Rate, Marginal Standing Facility (MSF) under the Liquidity Adjustment Facility (LAF), Bank Rate, Cash Reserve Ratio (CRR), Open Market Operations (OMOs) and Market Stabilisation Scheme (MSS). 📌 Liquidity Adjustment Facility (LAF): The LAF refers to the RBI's operations through which it injects or absorbs liquidity into or from the banking system. 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(Section 45ZC) The MPC is required to meet at least four times per year. The MPC meets with a quorum of four members. Each member of the MPC has one vote, and in the event of an equality of votes, the Governor has a second or casting vote. Do you know who the members of the RBI's Monetary Policy Committee (MPC) are? In 2017, UPSC asked a question on it. Do check it in the post-read questions. Both monetary policy and fiscal policy serve as critical tools for managing the economy of our country; thus, it becomes crucial to understand the differences between these policies for comprehending how economic decisions are made and impact various sectors. One key distinction between monetary and fiscal policy lies in their implementation authorities and tools. Monetary policy is formulated and implemented by the RBI, which primarily focuses on regulating the money supply, interest rates, and inflation levels. The RBI uses monetary policy instruments such as the repo rate to manage liquidity in the financial system. On the other hand, the government makes decisions pertaining to fiscal policy, and the Ministry of Finance plays a central role in formulating budgets, tax policies, and expenditure plans. The government employs fiscal policy to manage aggregate demand, promote growth, and address socioeconomic challenges. Additionally, monetary policy tends to affect borrowing costs and financial markets more immediately, which affects investment and consumption patterns. Fiscal policy measures, on the other hand, such as tax reforms or infrastructure spending, may have longer-term and more extensive effects on economic development and growth. An independent central bank plays a critical role in the macroeconomic management of the country. Coordination between monetary and fiscal policies is critical for the economy and for creating a 'Viksit Bharat'. — Express View on 90 years of RBI The RBI as a central bank is not only mandated to keep inflation or prices in check through monetary policy, but it is also supposed to manage the borrowings of the Government of India and state governments; supervise or regulate banks and non-banking finance companies; and manage the currency and payment systems While carrying out these functions or operations, the RBI registers profits. Generally, the central bank's income comes from the: (i) Returns earned on its foreign currency assets, which could be in the form of bonds and treasury bills of other central banks or top-rated securities, and deposits with other central banks. (ii) Interest on its holdings of local rupee-denominated government bonds or securities, and while lending to banks for very short tenures, such as overnight. (iii) It claims a management commission on handling the borrowings of state governments and the central government. Whereas, RBI's expenditure is mainly on the printing of currency notes and staff, besides the commission it gives to banks for undertaking transactions on behalf of the government across the country, and to primary dealers, including banks, for underwriting some of these borrowings. As the RBI isn't a commercial organisation like the banks or other companies that are owned or controlled by the government – it does not, as such, pay a 'dividend' to the owner out of the profits it generates. Although the RBI was promoted as a private shareholders' bank in 1935 with a paid-up capital of Rs 5 crore, the government nationalised it in January 1949, making the sovereign its 'owner'. What the central bank does, therefore, is transfer the 'surplus' – that is, the excess of income over expenditure – to the government, in accordance with Section 47 (Allocation of Surplus Profits) of the Reserve Bank of India Act, 1934: After making provision for bad and doubtful debts, depreciation in assets, contributions to staff and superannuation fund [and for all other matters for which] provision is to be made by or under this Act or which are usually provided for by bankers, the balance, of the profits shall be paid to the Central Government. The Central Board of the RBI does this in early August, after the July-June accounting year is over. Malegam committee In 2013, a technical committee of the RBI Board, headed by Y. H. Malegam, reviewed the adequacy of reserves and a surplus distribution policy and recommended a higher transfer to the government. Earlier, the RBI transferred part of the surplus to the Contingency Fund, to meet unexpected and unforeseen contingencies, and to the Asset Development Fund, to meet internal capital expenditure and investments in its subsidiaries, in keeping with the recommendation of a committee to build contingency reserves of 12% of its balance sheet. But after the Malegam committee made its recommendation, in 2013-14, the RBI's transfer of surplus to the government as a percentage of gross income (less expenditure) shot up to 99.99% from 53.40% in 2012-13. (1) Which of the following are the sources of income for the Reserve Bank of India? (UPSC CSE 2025) I. Buying and selling Government bonds II. Buying and selling foreign currency III. Pension fund management IV. Lending to private companies V. Printing and distributing currency notes Select the correct answer using the code given below. (a) I and II only (b) II, III and IV (c) I, III, IV and V (d) I , II and V (2) If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do? (UPSC CSE 2020) 1. Cut and optimize the Statutory Liquidity Ratio 2. Increase the Marginal Standing Facility Rate 3. Cut the Bank Rate and Repo Rate Select the correct answer using the code given below: (a) 1 and 2 only (b) 2 only (c) 1 and 3 only (d) 1, 2 and 3 (3) Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)? (UPSC CSE 2017) 1. It decides the RBI's benchmark interest rates. 2. It is a 12-member body including the Governor of RBI and is reconstituted every year. 3. It functions under the chairmanship of the Union Finance Minister. Select the correct answer using the code given below : (a) 1 only (b) 1 and 2 only (c) 3 only (d) 2 and 3 only (Sources: 90 years of the RBI, Knowledge Nugget: RBI's Monetary policy instruments, , RBI approves record transfer 'surplus' to govt: Why does this transfer happen, and how?) Subscribe to our UPSC newsletter. Stay updated with the latest UPSC articles by joining our Telegram channel – Indian Express UPSC Hub, and follow us on Instagram and X. 🚨 Click Here to read the UPSC Essentials magazine for May 2025. Share your views and suggestions in the comment box or at
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