Latest news with #UnionHeavyIndustries
Hans India
3 days ago
- Automotive
- Hans India
Tesla drops India plans?
New Delhi: Global EV giant Tesla is not interested in manufacturing cars in India but keen on establishing showrooms in the country, Union Heavy Industries Minister H D Kumaraswamy said on Monday. US President Donald Trump has said that if Tesla were to build a factory in India to circumvent that country's tariffs, it would be "unfair" to the US. "Tesla... They are more (interested) only to start showrooms. They are not interested to (start) manufacturing in India," Kumaraswamy told reporters here. The Minister made the remarks at a press conference to announce the unveiling of guidelines for the Scheme to Promote Manufacturing of Electric Cars in India. "So far they (Tesla) have not shown interest. Tesla representative only participated in the first round of stakeholder discussions for the Scheme to Promote Manufacturing of Electric Cars in India. The company's representative was not part of the second and third round of the stakeholder deliberations," an official said.
Hans India
3 days ago
- Automotive
- Hans India
Move to make India global EV hub
New Delhi: The Central government on Monday notified guidelines for its forward-looking scheme to enable fresh investments from global manufacturers in the electric cars segment and promote India as a global manufacturing hub for e-vehicles. To encourage global manufacturers such as US tech giant Tesla to invest under the scheme, the approved applicants will be allowed to import completely built-in units (CBUs) of electric four-wheelers with a minimum CIF (cost insurance and freight value) of $35,000 at reduced customs duty of 15 per cent for a period of 5 years from the date that the application is approved. Union Heavy Industries Minister H D Kumaraswamy said on Monday that Mercedes Benz, Skoda-Volkswagen (VW), Hyundai, and Kia have shown keen interest in manufacturing their electric vehicles (EVs) in India. The minister further said that the application window for the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) will open soon. Approved applicants would be required to make a minimum investment of Rs 4,150 crore in line with the provisions of the maximum number of e-4Ws allowed to be imported at the reduced duty rate will be capped at 8,000 units per year. The carryover of unutilised annual import limits would be permitted. According to the notification, the maximum number of EVs to be imported under this scheme will be such that the maximum duty foregone per applicant will be limited to Rs 6,484 crore, or the committed investment of the applicant of a minimum of Rs 4,150 crore, whichever is lower. Expenditure incurred on new plant, machinery, equipment and associated utilities, and engineering R&D would be scheme shall help to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles. The scheme will also help put India on the global map for manufacturing of EVs, generate employment and achieve the goal of 'Make in India', according to the official landmark initiative is aligned with India's national goals of achieving net zero by 2070.
Hans India
4 days ago
- Automotive
- Hans India
EV booster: Mercedes-Benz, Volkswagen, Hyundai show interest in India manufacturing
New Delhi: Union Heavy Industries Minister H D Kumaraswamy said on Monday that Mercedes Benz, Skoda-Volkswagen (VW), Hyundai, and Kia have shown keen interest in manufacturing their electric vehicles (EVs) in India. The minister further said that the application window for the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) will open soon. On Elon Musk-run Tesla, the Union Minister said: "We are not actually expecting (manufacturing) from them as they are only to start showrooms. They are not interested in manufacturing in India." The new EV policy has allowed several concessions for companies that will invest in India and set up manufacturing units. The Centre has now notified guidelines to enable fresh investments from global manufacturers in the electric cars segment and promote India as a global manufacturing hub for e-vehicles. The approved applicants will be allowed to import completely built-in units (CBUs) of electric four-wheelers with a minimum CIF (cost insurance and freight value) of $35,000 at a reduced customs duty of 15 per cent for a period of 5 years from the date that the application is approved. Approved applicants would be required to make a minimum investment of Rs 4,150 crore in line with the provisions of the scheme. The maximum number of e-4Ws allowed to be imported at the reduced duty rate will be capped at 8,000 units per year. The carryover of unutilised annual import limits would be permitted. According to the notification, the maximum number of EVs to be imported under this scheme will be such that the maximum duty foregone per applicant will be limited to Rs 6,484 crore, or the committed investment of the applicant of a minimum of Rs 4,150 crore, whichever is lower. Meanwhile, the upcoming higher steel tariffs by US President Donald Trump will have a "minor" impact on India as the country does not export big to the US, Kumaraswamy said. Trump last week announced to double import tariffs on steel and aluminium from 25 per cent to 50 per cent, starting June 4. Speaking to reporters in the national capital, Kumaraswamy said: "Minor impact will be there as we are not exporting (to the US) in a big way."
The Print
16-05-2025
- Automotive
- The Print
Karnataka to receive electric buses under PM E-Drive: Kumaraswamy
Karnataka Transport Minister Ramalinga Reddy submitted the state's request, citing need for enhanced urban public transport systems in key cities. The Ministry of Heavy Industries had received a formal proposal from the Karnataka government seeking allocation of electric buses under the initiative. New Delhi, May 16 (PTI) Karnataka will receive electric buses in a 'phased and prioritised manner' under the Centre's flagship PM E-Drive Scheme, Union Heavy Industries Minister H D Kumaraswamy said on Friday. Kumaraswamy held deliberations with senior officials of the Heavy Industries Ministry and assured the Karnataka government of complete support from the Centre. The minister confirmed that the process of allocation is already underway and that Karnataka will receive electric buses in a phased and prioritised manner. 'I will ensure that Karnataka receives all due support from the Government of India,' Kumaraswamy said. 'Under the visionary leadership of Prime Minister Narendra Modi, we are transforming public mobility across India. Karnataka will definitely receive buses under PM E-Drive,' he added. Over 14,000 electric buses are to be allocated to nine major cities under the initiative. The scheme has an outlay of Rs 10,900 crore for two years from April 1, 2024 to March 31, 2026. Discussions between the Union and state governments have also covered associated infrastructure, including charging stations, bus depots, and vehicle maintenance systems. Officials from both sides explored implementation models to ensure rapid roll-out across identified urban clusters, a statement said. PTI RSN SHW SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
16-05-2025
- Automotive
- Hindustan Times
Karnataka to receive electric buses under PM E-Drive: HD Kumaraswamy
Karnataka will be allocated electric buses in a 'phased and prioritised manner' under the Centre's flagship PM E-Drive Scheme, Union Heavy Industries Minister HD Kumaraswamy announced on Friday. The confirmation comes after the Ministry of Heavy Industries received a formal proposal from the Karnataka government requesting electric buses to enhance urban public transport in key cities. The request was submitted by Karnataka Transport Minister Ramalinga Reddy. (Also Read: ISKCON Bengaluru wins 13-year legal battle over Hare Krishna Temple ownership) Following discussions with senior ministry officials, Kumaraswamy assured the state of full support from the Centre. "I will ensure that Karnataka receives all due support from the Government of India," he said. "Under the visionary leadership of Prime Minister Narendra Modi, we are transforming public mobility across India. Karnataka will definitely receive buses under PM E-Drive." The Union minister confirmed that the allocation process is already underway and that electric buses will be delivered in phases based on priority. The PM E-Drive Scheme aims to allocate over 14,000 electric buses across nine major cities in the country. With a financial outlay of ₹10,900 crore, the scheme will run for two years from April 1, 2024, to March 31, 2026. Officials from both the central and state governments have also discussed supporting infrastructure required for implementation, such as charging stations, bus depots, and maintenance systems. A statement said that multiple rollout models are being explored to ensure swift deployment in identified urban clusters. (Also Read: Kiran Mazumdar-Shaw bats for HAL airport reopening, Bengalureans say 'not a good idea')
