Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
Reva Electric Car Company and Hydrogenics Corp, a Canadian firm will develop hydrogen fuel cell cars. \n
If you opt for a petrol variant, you will need to reapply for loan.
Hollywood actor Leonardo DiCaprio will be involved in the new Formula E electric racing series as a co-founder of the Monaco-based Venturi team that has secured the 10th and final entry.
In view of cost, these vehicles will justify deployment only as public buses, taxis, three-wheelers
The automaker was found to have engaged in anti-competitive practices.
The electric vehicle market in India needs a policy push that goes beyond targets, says Vandana Gombar.
Anand Mahindra says driverless tractors could change the future of food production.
The Aquila drone is being created to widen the range of internet connectivity around the globe.
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
Mercedes Formula One boss Toto Wolff has dismissed plans for the world's first driverless motor racing series as having little to do with sport, despite the German carmaker's interest in the technology.
The price movement and trading volumes for few days prior to Mistry's ouster will also be looked into
The transaction - the second one in less than a year - is seen as an effort to restore investor faith in the company following a dismal performance by its UK subsidiary, Jaguar Land Rover Automotive.
'Our task at Mercedes is to have the right setup. It is the customers who make the decision. But, if our approach with the Indian customers is right, we will grow.'
'The unveiling of the Cybertruck seems to me the turning point in the design and manufacture of automobiles in much the same way as American skyscrapers were the turning point of architectural design in the world,' says Aakar Patel.
E-vehicles may face pollution hurdle with hazardous batteries. One lithium-ion battery has a potential to poison the whole water aquifer of Delhi.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
Toyota's India unit will also source two cars manufactured by Maruti Suzuki, the Baleno and Brezza, including their hybrid variants, and in return Toyota will offer its Corolla sedan to Maruti.
Secretary of State for Foreign Affairs William Hague and Chancellor of the Exchequer George Osbourne, heading the largest business and ministerial delegation ever, arrived in Mumbai, their first port of call, during a two-day visit to the country.
'How will someone who has stood on Mars and looked at Earth, only a tiny blue dot in space, then see the idea of nations and religions and all of our divisions?' says Aakar Patel.
German Car maker Audi plans to offer cars that can do 400 km on a single charge, says Ajay Modi.
'Hathras, Muradabad, Trichur, Salem, Madurai, Aligarh and Kanpur are cities where we are expecting and in some cases have seen new buyers come from.'
The GST Council last year imposed a cess of 15 per cent on hybrid vehicles, in addition to the 28 per cent GST, leading to a total tax burden of 43 per cent against a previous tax rate of 28 per cent.
Rediff.com looks at some surprising facts about Mickey Mouse on his 87th birthday.
Eyes investments of Rs 31,000 cr in research and manufacturing of electric vehicles
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
Ministries such as road transport and heavy industries are learnt to have objected to NITI Aayog's attempts to become an implementing body for the EV programme.
Tesla began taking orders for its $35,000 Model 3 sedan from Indian customers in April last year.
The US is still a place for innovation and entrepreneurship, and it is good to see Indian Americans and immigrants contributing to this in a major way, says K V Seshasayee who visited the US after four years and found the gloom had dissipated.
India's planned transition to electric vehicles will drastically affect the commodities market, says Aditya Gandhi
Experts are upbeat about developing smart cities in India.
For a petrol car with a Rs 500,000-600,000 price tag, an EV variant would not cost less than Rs 12 lakh, making it virtually unaffordable.
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
Auto major Mahindra has ambitious plans for its electric cars project, that include ramping up its output to 60,000 units a year, high-end electric powertrains, and 380 to 650 volt battery systems.
The partnership will look to expand Ford's reach in the fast-growing Indian market and improve M&M's access to global markets
Prasanna D Zore/Rediff.com drives the Mahindra Reva to Pune and comes away impressed with the electric car.
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
The strength of the plug-in hybrid lies, among other factors, in the perfect synchronisation of electric motor and combustion engine, which makes itself apparent in maximum efficiency and dynamics on the road.
10 images from around the world that show we live in a mad, mad world.
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