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For imported electric vehicles (EVs) with a value of less than $40,000 - including the car's cost, insurance and freight - the government is discussing slashing the tax rate to 40% from 60% presently, the officials told Reuters.
The BSVI compliant engine comes mated with a six-speed manual gearbox, a six-speed automatic and a seven-speed DSG transmission.
Popular world over for being the maker of the car of choice for British secret agent James Bond, the more than a century old Aston Martin’s illustrious name has never been reflected in financial success.
India doesn’t offer adequate charging stations and 24/7 power with stable voltage that are must for electric vehicles. To make matters worse, companies push work-in-progress vehicle models on unsuspecting customers while the tax system makes buyers pay through their nose.
The launch of the ET7, at an event in the western city of Chengdu, came as rival Tesla started selling its China-made Model Y sport-utility vehicle in the Chinese market.
It is estimated that during the prolonged lockdown, the auto industry suffered losses of more than Rs 2,300 crore in turnover for every single day of closure.
One of the most obvious patterns is the increased demand for vehicles in the mid-segment range.
The team captained by Sunil Gavaskar struck a purple patch as India showed their stunning success in the 1983 World Cup was no flash in the pan.
Prime Minister Narendra Modi is keen to reduce imports to boost local manufacturing to make India more self-sufficient and enable it to play a bigger role in the global supply chain.
The Audi RS Q8 is powered by a turbo 4-litre petrol engine delivering power of 600hp that can accelerate from 0 to 100 kph under four seconds.