Tesla profit margins worst in five years as price cuts, incentives weigh

Tesla on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices t

Electric Mobility Promotion Scheme to support up to 3.72 lakh EVs: Government

New Delhi: Up to 3.72 lakh electric vehicles will be supported under the four-month Electric Mobility Promotion Scheme (EMPS) being implemented between April and July with an outla

Customs duty exemption on lithium, cobalt to aid growth of EV sector: Auto Inc

New Delhi: The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost an