Electric vehicle sales in India fall 14% in June 2024 amid policy changes

In June 2024, India’s electric vehicle (EV) market experienced a significant decline of over 14 per cent compared to May, due to interplay of government policy adjustments and shifting consumer preferences.

 

Despite this setback, the figures for June 2024 showed a promising 20 per cent increase from the previous year, which had also faced challenges due to subsidy revisions.

Reviving Cake EV | Norwegian Firm Brages Holding takes charge of electric motorcycle maker

In the arena of electric motorcycles, Cake, the Swedish innovator known for its sleek designs, faced difficult days with its entry into bankruptcy proceedings in the early 2024 but has since been revived by Norwegian Firm Brages Holding.

However, the story took an unexpected turn when a Florida-based shop named eMoto acquired a substantial portion of Cake’s remaining inventory in the US market.

MG Motor India set to launch premium MG Cloud EV around September

MG Motor India is gearing up to grow its electric vehicle line-up with the launch of the highly-anticipated MG Cloud EV.

MG Cloud launch date

Although the launch date has not been officially disclosed, reports suggest that the EV could hit the Indian market as early as September 2024.

EU, US tariffs on Chinese electric vehicles | Will China dump its EVs in India?

The recent imposition of tariffs by the US (planned) and the EU (EU imposed from 17 to 38 per cent tariffs) on Chinese electric vehicles (EVs) signals concerns about the competitive threat posed by the Asian giant’s manufacturers and these curbs could mean China dumping its EVs in India at unbelievably low prices.

 

These tariffs, especially the substantial increases announced by President Joe Biden, aim to shield domestic auto industries from the surge of affordable Chinese EVs into the US.