About 22 per cent of light-duty vehicles sold in the first quarter of the year in the United States were hybrid, battery electric, or plug-in hybrid vehicles, up from about 18 per cent in the first quarter of 2024. Among those categories, hybrid electric vehicles have continued to gain marke
Retail credit in India has witnessed significant growth over the last ten years, from 9 per cent of GDP in 2013-14 to 18 per cent in 2024-2025, while bank credit has largely remained stable, according to a report by Motilal Oswal.
Mahindra's Utility Vehicles (UV) segment saw domestic sales of 48,048 units, reflecting an 18 per cent increase from March 2024. The total sales, including exports, stood at 50,835 units. Meanwhile, the company's domestic commercial vehicle sales reached 23,951 units.
The rapid expansion of renewable energy projects is expected to increase the direct and indirect jobs in the industry. It is also leading to transformation in workforce dynamics, skills demand, and retention trends.
The investment aims to revolutionize sustainable transport in the state, aligning with India's growing EV industry, which is currently valued at USD 3 billion and expanding at an 18 per cent CAGR.
The rate of homelessness in the US has risen by 18 per cent over the past year, Al Jazeera reported, citing a new report from the US Department of Housing and Urban Development (HUD) released on Friday.
At the GST Council meeting on Saturday, the council recommended 18 per cent GST on the margin of sale of all old and used vehicles, including EVs. Earlier different rates of GST were leviable on old vehicles and old EV sales.
The robust growth forecast follows an impressive 18 per cent expansion in FY2024, which was primarily driven by rising gold prices despite subdued volume growth. The sharp 900 basis points reduction in import duty on gold, implemented in July 2024, temporarily lowered gold prices, spurring p
Congress leader and Lok Sabha Leader of Opposition, Rahul Gandhi lashed out at the Bharatiya Janata Party-led Centre on Friday, alleging that it is planning to raise the GST slab on clothes priced above Rs 1500, from 12 per cent to 18 per cent, and accused it of burdening the poor and mid
Congress MP Manickam Tagore moved a motion of adjournment in Lok Sabha on Wednesday, urging the central government to reconsider its decision to impose 18 per cent GST tax on shops rental.
"The Government of India has provided substantial support to the EV sector by levying only 5 per cent GST on electric vehicles, making them more affordable compared to the 28 per cent GST on petrol and diesel vehicles. However, the 18 per cent GST on batteries and charging infrastructure