VECV passes GST 2.0 profit for customers, eicher trucks and buses for low cost

VECV passes GST 2.0 profit for customers, eicher trucks and buses for low cost

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  • Vecv Eicher slashes prices on trucks and buses 6 lakhs, passing full GST deduction benefits, promoting transport capacity, logistics efficiency and economic development.

VECV is providing GST benefits to its customers.

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The Volvo Group and Eicher Motors joint venture VE Commercial Vehicle (VECV) has announced that it will recently transfer the benefits of revised goods and service tax (GST) rates to customers completely. This announcement comes on the first day of Navratri, making the festive season even more beneficial for transporters and fleet operators.

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How much can customers save?

The modern range of Eicher trucks and buses will now cost significantly lower, which is due to lack of GST from 28 percent to 18 percent on commercial vehicles. Depending on the model, customers can save 6 lakhs on new purchase. The revised prices apply to all purchases made from September 22, 2025.

According to VECV, light and medium-fees (LMD) trucks will become cheap 1-2 lakh, heavy duty (HD) by truck 1.5-6 lakhs, and buses 1.1–3.4 lakhs. Electric trucks and buses continue to attract a low GST rate of only 5 percent.

What does this mean for CV industry?

VECV MD and CEO Vinod Aggarwal welcomed the government's decision, called it “historic reform” that comes at a significant time for the commercial vehicle sector. “It reduces GST cut acquisition costs, the PM Gati Shakti supports logistics efficiency to suit the program, and stimulates economic growth through strong consumer spirit,” he said.

Those who monitor the industry believe that tax deduction will help reduce the cost pressure on the goods operators, demand demand in logistics, and the modernization of the bus fleet will be encouraged by the state and private operators. The move is also expected to make safe and fuel-skilled vehicles more affordable, which increases the adoption of new generation commercial vehicles.

Why is this for operators?

The low acquisition cost translates to the total cost (TCO) directly for truck driver and bus operators. For small businesses and owner-operators, it means improvement in profit and better access to future prepared vehicles. Cheap trucks are also expected to reduce freight rates, benefiting areas such as agriculture, e-commerce, FMCG, cement and steel.

New GST rules for commercial vehicles

The GST Council improves the tax structure for the correction of the council, or 'GST 2.0', commercial vehicles and related industries. Trucks, buses and road tractors for semi-trailers have reduced GST from 28 percent to 18 percent. Under 1800 cc, tractors now attract only 5 percent GST, while tractor parts are also taxed at 5 percent. The auto components for cars and bikes have fallen by 18 percent.

Low GST rates are expected to promote the demand for tractors in India, already the world's largest tractor market, which increases agricultural mechanization and productivity. For buses, by reducing public transport is likely to make more economical, which encourages changes in private to shared mobility. In the trucking sector, a low cost is expected to strengthen India's logistics spinal cord and align with the PM, the strength and the national logistics policy goals.

In addition, GST has been cut from 12 percent to 5 percent on third-party insurance for goods car, which gives further relief to truck owners. Along with transportation -related services, reforms promised to reduce inflation pressure and improve India's export competition.

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First published date: 12 September 2025, 14:35 PM IST

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New US rule forces GM and Ford to stop importing cars made in China

New US rule forces GM and Ford to stop importing cars made in China

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By: Reuters
, updated on: Sep 24, 2024, 07:21 am

The move comes as part of the Biden administration's broader approach to protecting the U.S. auto sector from China's unfair trade practices.

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The move is part of the Biden administration's broader approach to protect the U.S. auto sector from China's unfair trade actions. (Reuters)

General Motors and Ford Motor would have to stop importing vehicles from China to the United States under a proposed rule cracking down on Chinese software and hardware, a US Commerce Department official told Reuters on Monday.

The rule would also affect other automakers that sell or build vehicles in the U.S., such as Volvo Cars and BYD.

GM sells the Buick Envision and the Ford Lincoln Nautilus – both assembled in China – in the U.S. market. Ford did not comment. In the first six months of 2024, GM sold about 22,000 Envisions and Ford sold 17,500 Nautilus SUVs in the U.S.

“At this time, our anticipation is that any vehicle manufactured in China and sold in the United States would be subject to the ban,” said Liz Cannon, head of the Commerce Department's Office of Information and Communications Technology.

He said GM and Ford know that “going forward” production in China for the U.S. market “will have to be shut down and moved elsewhere.”

GM did not say whether it would have to halt sales of the Envision, but said the government “has an important role in setting clear policies” on safety issues.

The commerce ministry said this would allow companies to obtain “specific authorisation” to continue selling vehicles or components.

China's BYD North America, a unit of BYD that makes electric buses in Lancaster, California, could be affected. The company did not immediately comment.

“We have to work with them to better understand their supply chain,” Cannon said. “They have to come in for specific authorization.”

For example, if a software was developed for a Chinese automaker by a team of Chinese workers working in that country, it could be banned. But if a software was developed for a non-Chinese company by Chinese workers working in another country, it could be banned.

Reuters reported in May that four Chinese vehicle models are sold in the U.S., including the Polestar 2 and Volvo's S90 sedan. Polestar and Volvo are subsidiaries of Chinese automaker Geely.

Cannon said he expects companies like Volvo to meet with the Commerce Department and “work with us to discuss ways to mitigate the risk, and we're open to that” and that the agency may allow them to do so.

Volvo Cars said, “We are reviewing the US Department of Commerce's proposal and analysing any potential impact on us and the auto industry in the US.”

Find out about upcoming cars in India, electric vehicles, upcoming bikes in India and cutting-edge technology that is changing the automotive landscape.

First Publication Date: September 24, 2024, 07:21 AM IST

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To succeed in Europe's EV market, BYD needs to win over cautious drivers

To succeed in Europe's EV market, BYD needs to win over cautious drivers

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Then Wood took a second leap of faith: He chose the Atto 3, made by China's BYD company. Ten months later, he's still impressed with the SUV's range, handling, comfortable seats, trunk space, and voice-controlled sunroof. Wood says it's “really a great car to drive.”

Wood had never heard of BYD before testing the Atto — but BYD has its eyes on drivers like Wood. Less than two years after entering the EU and UK markets, the carmaker is expanding rapidly in both, including TV and billboard spots, prime positions at auto shows and sponsorship of the Euro 2024 soccer tournament. By the end of next year, BYD plans to increase its sales and service locations in the UK from 60 to 120.

Those ambitions are making politicians nervous. The European Union is considering imposing duties of 36.3%, 19.3% and 17% respectively on SAIC Motor Corp, Volvo Car AB parent Geely and BYD, on top of a 10% tariff already imposed on Chinese exporters. Britain could do the same. But even without tariffs, companies like BYD face an uphill battle in a region where EV sales are declining as demand for electric alternatives wanes. Consumers are skeptical of EVs, and there is evidence they are particularly skeptical of cars made in China.

,[Chinese EVs] “There may be reviews that say they're actually pretty good quality,” says Bert Liezen, an automotive consultant at Nielsen IQ who has researched consumers' misconceptions about China. “But what do you do about this perception about the country?”

Wood's car choices set him apart somewhat. Despite outselling Tesla globally in 2023, BYD sold just 16,000 cars in Europe. It has sold fewer than 4,000 in the U.K. Most of the company's sales still come from China, where BYD prices its EVs aggressively: An Atto 3 costs around 137,300 yuan ($19,000), while a Seagull starts at 179,800 yuan ($25,000) and a simple Seagull costs just 72,000 yuan ($10,100).

BYD isn’t selling cars at the same price in the U.K. and Europe — the Seal, for example, costs less than £46,000 ($60,000) in the U.K. — but its reputation for affordable cars means potential buyers are wary.About 74% of respondents in a recent Bloomberg Intelligence survey expressed concerns about buying a Chinese-branded car, citing quality (25%), safety (14%) and Chinese technology (17%).

Survey authors Michael Dean and Giacomo Regelin write that these brands “will have to compete with the strong loyalty enjoyed by domestic European brands” (though domestic brands are also struggling from a slowdown in EV demand).

In a survey of consumers in Belgium, Leijten found that those least likely to buy a Chinese car often cited distrust of the country rather than any specific concerns about the vehicles themselves. Part of his research involved showing consumers ads for Chinese cars while not being told their country of origin. Reactions were often positive—until the cars were revealed to be Chinese.

If you ask any EV enthusiast to drive a BYD car, many of the reputational concerns will melt away, says Linda Grave, founder of UK-based charging consultancy EV Driver Ltd.

“A lot of people are saying that the BYD Seal and Dolphin are great value for money, and the build feels particularly good too,” says Grave. “The whole feel inside the car… it feels like you're getting a lot for your money.”

Richard Harris, 41, a self-described “petrolhead” from West Sussex, UK, has become an EV enthusiast, recently driving a BYD Seal leased through his employer. He had previously leased an electric Volvo XC40, but Harris was drawn to the Seal's sporty styling.

“My boss was with me when it was delivered, and he came out and looked at it and he was like, ‘Wow, I’m really impressed,'” he says. “I think it’s opened people’s minds… I think they’re really surprised by how good it is and how good the build quality is.”

Indeed, going from a gas-powered car to the BYD Seal feels like going from a steam train to a spaceship, not from a steam train to a cheap steam train. The sedan has hair-raising acceleration and cool features like a screen that rotates from portrait to landscape, a windshield speed display, and a panoramic roof. Leather seats and blue suede interior panels give the Seal a plush feel that's a contrast to the low-frills stereotype of Chinese EVs.

The Seal's 300-mile (480-km) range isn't bad. BYD's Dolphin offers a range of about 250 miles, while the Atto 3 offers a range of 260 miles. All of these get top marks in European safety ratings.

BYD's fate in the UK and Europe will depend on its future pricing. The US and Canada have imposed tariffs of over 100% on Chinese EVs, effectively eliminating them as a market. In the EU, on the other hand, Lizhen says it's unclear whether BYD and other Chinese brands will absorb the cost of tariffs or pass them on to buyers.

Although BYD models aren't cheap in those markets, they are competitive. On car marketplace Autotrader, the Seal costs around £45,000 ($56,000) in the UK, £4,000 less than a Tesla Model 3, according to commercial director Ian Plummer. Losing this price advantage “could cause people some issues in taking the first step and trying something new,” says Lizen.

But despite the price advantage, BYD may find that improving its reputation among European car buyers is vital to its expansion goals. Over the past 70 years, Japanese and then Korean cars were viewed with suspicion around the bloc – until consumers realised Toyota and Kia made good cars. Today, a quarter of new cars sold in Europe are Asian brands.

BYD could also benefit from a rapidly evolving EV landscape, in which it joins a number of other new carmakers and new model names from established brands. Many consumers no longer know which company or country is behind which vehicle: Land Rover is owned by an Indian company, MG is now Chinese, Vauxhall is French and many Teslas are made in China.

“Most people don't think about it that much and they're not that aware,” says Plummer. “I think if the product is good and the brand is something they can relate to, it takes care of the root problem.”

Find out about upcoming cars in India, electric vehicles, upcoming bikes in India and cutting-edge technology that is changing the automotive landscape.

First Publication Date: September 19, 2024, 08:26 AM IST

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Lotus slashes delivery targets due to tariffs on Chinese electric vehicles

Lotus slashes delivery targets due to tariffs on Chinese electric vehicles

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By: Bloomberg
, updated on: 01 September 2024, 08:17 am

Electric carmaker Lotus Technology Inc, owned by China's Geely, has slashed its annual delivery target by more than half because of the tariffs.

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Lotus Technology, the EV arm of the British sports car maker, has cut its annual delivery target by more than half amid increased tariffs on Chinese electric vehicles and weak demand. (Lotus)

Electric carmaker Lotus Technology Inc., majority-owned by China's Geely, has slashed its annual delivery target by more than half amid tariffs on Chinese-made electric vehicles and weak demand.

The company, which listed in February after being spun off as the EV arm of the British sports car maker, said on Wednesday it now expects to deliver 12,000 vehicles this year, down from a previous target of 26,000.

Shares in Lotus Technology fell 4.3 percent in early trade in New York, having lost nearly half of their value since listing.

Also read: Chinese EV makers suffer setback in Europe as tariffs begin

The lower target comes after the U.S. and the European Union planned to impose tariffs on EVs imported from China, where Lotus Technology is based and makes some models. The EU, which has accused China of unfairly subsidizing carmakers, has raised the prospect of imposing tariffs as manufacturers such as BYD Co. have begun to enter Europe more aggressively with cheaper EVs.

The outlook cut is a blow to investors who backed the company when it listed in February. At the time, Lotus said its range of luxury EV models and an alliance with luxury goods giant LVMH would help it avoid the same struggles as rivals.

Zhejiang Geely Holding Group, the automotive empire of billionaire Li Shufu, rescued Lotus in 2017 after the carmaker suffered as consumers turned to SUVs. The company is building electric models priced between $80,000 and $150,000, including more SUVs.

Also Read: Mahindra Thar Rocks – Here’s What It Misses

The British sports car division is separate from the listed entity and is wholly owned by Geely.

Geely has faced similar problems with other brands it supports amid a broader slowdown in EV demand. Polestar has lost about 90 percent of its value since it was spun off from Volvo Car AB two years ago.

Geely also has stakes in Mercedes-Benz Group AG and Aston Martin Lagonda Global Holdings PLC.

Take a look at the upcoming EV cars in India.

First Publication Date: 01 Sep 2024, 08:17 AM IST

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Volvo confirms launch of EX30, EX90 EVs in India in 2025

Volvo confirms launch of EX30, EX90 EVs in India in 2025

by with No Comment Electric vehicles cars

By: HT Auto Desk
| Updated on: 27 Feb 2024, 15:46 PM

  • Volvo currently offers two electric cars in India – the C40 Recharge and the XC40 Recharge.
Volvo EX90 electric SUV (left) is the Swedish carmaker’s flagship EV based on the XC90 SUV. Volvo EX30 (right) is the smallest electric car in the Swedish carmaker’s lineup.

Swedish auto giant Volvo has confirmed that it will launch two more electric cars in India by 2025. Staying true to its commitment to go EV-only manufacturer, Volvo will drive in the EX30 and EX90 electric SUVs to India by next year. The launch of these two electric cars were confirmed by Jyoti Malhotra, Managing Director at Volvo India, on Tuesday. Volvo currently offers two electric cars in India – the XC40 Recharge and the C40 Recharge electric SUVs.

Volvo has not shared the exact launch timeline of the EX30 and EX90 electric SUVs. The carmaker has not confirmed which of these two models will hit the Indian shores first. However, Malhotra said that both the EX30 and EX90 will be brought to India as completely knocked-down (CKD) units for sale.

Volvo EX90:

Volvo EX90 electric SUV comes as the brand’s flagship EV, and it is based on the XC90 SUV. Unveiled back in November 2022, the electric SUV is powered by a dual-motor all-wheel-drive powertrain offering two power and torque output levels. The base model churns out 408 bhp of power and 770 Nm of torque, while the higher variant generates 517 bhp power and 910 Nm of torque. Both variants are capable of running at a top speed of 180 kmph.

Volvo EX90 also comes with a Lidar system that comprises eight cameras and 16 ultrasonic sensors around the car. These allow the car to detect small objects as far as 600 feet away anytime anywhere.

In terms of looks and features, the EX90 is offered with the carmaker’s iconic Thor’s Hammer LED headlights and a blanked-off grille like the XC40 Recharge. It also gets flush-fitting door handles, 22-inch alloy wheels, C-shaped split LED tail lamp.Volvo claims that the EX90 contains 15 per cent recycled steel, 25 per cent recycled aluminium, 48 kg of recycled plastics and bio-based materials. Inside, the electric SUV gets a 14.5-inch large, vertically-oriented touchscreen infotainment system powered by Google OS. The car gets 5G connectivity as standard, enabling over-the-air (OTA) updates.

Volvo EX30:

Volvo EX30 is the smallest electric car in the Swedish carmaker’s lineup. Launched last year in global markets, the electric SUV is the quickest among all EVs in Volvo’s lineup with ability to sprint 0-100 kmph in just 3.4 seconds. The EX30 comes with a closed grille and the Volvo logo at the front. The LED headlights have the signature Thor hammer shape, while at the rear, the taillights wrap around the tailgate as well as part of the C-pillar. The interior too has a very minimalist design. Dominating the cabin are two elements – the steering wheel which is flat at the top and bottom, and the central 12.3-inch touchscreen infotainment system.

Volvo EX30 will be offered with two choices of battery pack. The basic version is with a single motor which can churn out 272 hp of power. It comes equipped with a 51 kWh battery that helps the electric SUV to offer 344 kms of range on a single charge. There is also an Extended Range version using the same motor, but has a larger 69 kWh battery pack. It promises to offer 480-km range. The top of the range Twin Motor Performance version comes with dual electric motor and generates 428 hp of power. It can sprint from 0 to 100 kmph in just 3.4 seconds, faster than any Volvo ever. It can offer 460 kms of range on a single charge.

First Published Date: 27 Feb 2024, 15:46 PM IST


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Year Ender 2023: Electric cars launched in India this year

Year Ender 2023: Electric cars launched in India this year

by with No Comment Electric vehicles cars

India is one of the fastest-growing electric vehicle markets in the world. Over the last few years, both legacy players and EV startups have been drastically transforming the landscape of the Indian EV industry. Electric two-wheelers dominate the Indian EV market, but car manufacturers too are introducing interesting products. While homegrown car manufacturers have been launching new electric cars in the country, foreign brands are also bringing their respective products into the segment.

By: HT Auto Desk
| Updated on: 23 Dec 2023, 20:42 PM

From mass-market to luxury, the year 2023 witnessed launch of several electric cars across price-segments, with SUVs dominating the chart.

In 2023, several carmakers, in both mass-market and luxury segments have launched some spectacular electric cars across different pricing slabs. Interestingly, like the fossil-fuel-propelled passenger vehicle market, the Indian electric car market is witnessing the rise of SUVs. In 2023, the majority of the electric cars launched in the country were SUVs.

Also Read : Year Ender 2023: The coolest concept cars unveiled this year

Here is a comprehensive list of the electric cars that were launched in India in 2023.

MG Comet EV

MG Comet EV is the most affordable electric car in India. This small boxy hatchback looks tiny compared to other models in the fray, but a perfect machine for in and around-city commuting. MG Comet EV was launched in 2023 at an introductory starting price of ₹7.98 lakh (ex-showroom). The electric hatchback threw a tough challenge to the Tata Tiago EV, the erstwhile most affordable electric car in India with its pricing. Design-wise, the EV is eye-catching on the exterior, while inside the cabin it looks simple yet very much urban at the same time. The Comet EV promises a 230 km range on a single charge.

Tata Nexon EV facelift

One of the most noteworthy car launches in India in 2023 was the arrival of the Nexon EV facelift. Tata Nexon EV is the country’s bestselling electric car and the homegrown automaker simply ramped up the appeal of the electric compact SUV with the launch of the Nexon facelift, which incorporates a wide range of design and feature updates. The Nexon EV facelift comes available at a starting price of ₹14.74 lakh (ex-showroom), and it promises a 465-kilometre range on a single charge, while it can accelerate to 0-100 kmph in 8.9 seconds. It comes with V2V and V2L technologies.

BMW iX1 electric SUV
Powering the electric SUV is a 66.4 kWh battery pack paired with dual electric motors.

BMW iX1

BMW launched the electric avatar of the X1 SUV, christened as iX1 in India in 2023. The luxury EV was launched in the country at a price tag of ₹66.90 lakh (ex-showroom). BMW iX1 is the German brand’s fourth fully electric vehicle and is sold in India via the CBU route. Powering the electric SUV is a 66.4 kWh battery pack paired with dual electric motors. The electric propulsion system churns out 309 bhp peak power and 494 Nm of maximum torque. The EV promises up to 440-kilometre range on a single charge. It can reach 0-100 kmph in 5.6 seconds and can achieve a top speed of 180 kmph.

BMW i7

BMW i7 is an all-electric sedan that was launched in India in 2023 at a price tag of ₹2.50 crore (ex-showroom). The BMW i7 M70 xDrive is the brand’s first M-division electric car that was launched in India in 2023. Powering this luxury electric sedan is a 101.7 kWh battery pack that is paired with dual electric motors and generates up to a 560-kilometre range on a single charge. The electric propulsion system churns out 657 bhp peak power and 1,100 Nm maximum torque. This electric sedan can sprint to 100 kmph from a standstill position in just 3.7 seconds at a top speed of 250 kmph.

Mahindra XUV400

Mahindra XUV400 is the homegrown automaker’s first-ever electric SUV launched in India in 2023. The Mahindra XUV400 comes positioned in compact SUV segment and it competes with rivals like the Tata Nexon EV. Launched at ₹15.99 lakh (ex-showroom), the Mahindra XUV400 is available in two different battery options and promises up to 456-kilometre range on a single charge. Available in EC and EL, the Mahindra electric SUV’s price goes up to ₹18.99 lakh (ex-showroom).

Citroen eC3

Despite being a new entrant in the Indian passenger vehicle market, French auto giant Citroen was quick to launch an electric car in the form of eC3. The electric SUV comes priced from ₹11.50 lakh (ex-showroom) and it promises a range of 320 kilometres on a single charge, which is also the highest in its segment. Available in four different variants, the Citroen eC3 EV is powered by a 29.2 kWh battery pack that promises 320 kilometres range on a single charge. The electric SUV promises a top speed of 107 kmph.

Volvo C40 Recharge

Volvo C40 Recharge is the second electric car in India from the Swedish luxury car manufacturer after the XC40 Recharge. The electric car was launched at ₹61.25 lakh (ex-showroom). The EV competes with rivals such as Kia EV6 and Hyundai Ioniq 5. The EV gets power from a 78 kWh battery pack paired with dual electric motors. The EV churns out 402 bhp peak power and 660 Nm of maximum torque. The EV is capable of running at a top speed of 180 kmph and can sprint to 100 kmph from a standstill position in 4.7 seconds.

Hyundai Ioniq 5

Hyundai Ioniq 5 is the second electric car from the South Korean auto giant in the Indian market. The Hyundai Ioniq 5 EV has been launched in the country at ₹44.95 lakh (ex-showroom). The EV comes competing against the Kia EV6 but is more affordable than the rebadged sibling. Powering the Hyundai Ioniq 5 is a 72.6 kWh battery pack, that promises a 631 kilometre range on a single charge. It gets a rear-wheel drivetrain churning out 214 bhp peak power and 350 Nm of maximum torque. The EV claims come with a fast charging technology that charges the battery from 10 to 80 per cent in just 18 minutes.

Audi Q8 e-tron and Sportback e-tron

Audi launched the Q8 e-tron and Sportback e-tron in India in middle of 2023. The SUV and the Sportback were launched together, priced at ₹1.14 crore and ₹1.18 core (ex-showroom). The Q8 e-tron essentially came as a facelifted iteration of the erstwhile e-tron. Both the SUV and the Sportback were launched in two trims – 50 and 55, with range of up to 600 kilometres on a single charge. Powering the 50 variant is a 71 kWh battery pack, while the 55 onbe gets a larger 114 kWh battery pack. The SUV has a maximum claimed range of 491 kilometres and 582 kilometres for the 50 and 55 variants, respectively, while the Sportback has a maximum range of 505 kilometres and 600 kilometres for the 50 and 55 variants, respectively.

Mercedes-Benz EQB

Mercedes-Benz India launched the EQB 350 4Matic electric SUV in India in 2023, at a starting price of ₹77.50 lakh (ex-showroom). The luxury electric SUV was launched in the country replacing the previous EQB 300 4Matic that was launched in December 2022. The EQB is powered by a 66.5 kWh battery pack. The electric propulsion system onboard the SUV promises 288 bhp peak power and 520 Nm of maximum torque. These specifications are significant enhancements from the EQB 300 4Matic.

Mercedes-Benz EQE

Mercedes-Benz EQE electric SUV was launched in India in 2023 after the EQS and EQB, joining the lineup as the brand’s third EV in the country. The Mercedes-Benz EQE electric SUV was launched here at ₹1.39 crore (ex-showroom). It competes with rivals like Audi Q8 e-tron and BMW iX1 electric SUVs. Mercedes-Benz EQE 500 4Matic SUV comes promising 550 kilometres range on a single charge. The SUV gets power from a 90.56 kWh battery pack that is paired with dual motors. The SUV can accelerate from 0-100 kmph in 4.9 seconds at a top speed of 210 kmph.

First Published Date: 23 Dec 2023, 20:42 PM IST


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Volvo XC40 petrol SUV discontinued in India

Volvo XC40 petrol SUV discontinued in India

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Volvo Auto has pulled the plug on the XC40 compact luxury SUV in India with the model now delisted from the company’s website. The move though isn’t surprising since the automaker already brought its all-electric sibling in the form of the XC40 Recharge, which has been garnering a stronger response. The XC40 mild-hybrid petrol was available in the single, fully-loaded B4 Ultimate trim, priced at ₹46.40 lakh (ex-showroom, India).

By: HT Auto Desk
| Updated on: 11 Nov 2023, 12:33 PM

The Volvo XC40 mild-hybrid petrol has been discontinued with the all-electric XC40 Recharge now positioned as the brand’s most accessible offering

While the petrol-powered XC40 was Volvo’s most accessible offering in the country, that mantle is now taken up by the XC40 Recharge priced from ₹56.90 lakh (ex-showroom) onwards. This leaves the larger Volvo XC60, S90 and XC90 as the only ICE-powered offerings in the company’s lineup.

Also Read : XC60 SUV fuels 40% sales growth for Volvo in India in first nine months of 2023

Volvo C40 Recharge
Volvo’s entry-level offerings in India are now all-electric with the XC40 Recharge SUV and C40 Recharge coupe priced at ₹56.90 lakh and ₹62.95 lakh (ex-showroom) respectively

The move to focus on electric offerings is in line with Volvo’s plans to go all-electric in the coming years. The company will phase out petrol cars globally, replacing them with electric models. This is in line with the brand’s global electrification target of 2030. The automaker launched the C40 Recharge earlier this year in India and said that it hopes to convert half of its sales to EVs by 2025.

The Volvo XC40 Recharge already accounts for about 27 per cent of the automaker’s total sales in India. The electric SUV draws power from two electric motors tuned for 402 bhp and 660 Nm with 0-100 kmph coming up in 4.9 seconds. Meanwhile, the ICE XC40 used a 2.0-litre turbo petrol engine paired with a 48-volt mild-hybrid system tuned for 197 bhp and 300 Nm, paired with an 8-speed automatic transmission. The e-SUV gets a 79 kWh battery pack that offers a claimed range of 418 km on a single charge. The battery can be recharged from 10-80 per cent in 28 minutes using a fast charger.

First Published Date: 11 Nov 2023, 12:33 PM IST


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Volvo C40 Recharge launched in India at ₹61.25 lakh

Volvo C40 Recharge launched in India at ₹61.25 lakh

by with No Comment Electric vehicles cars

Volvo India on Monday launched the much-awaited C40 Recharge at ₹61.25 lakh (introductory, ex-showroom). It comes as the second all-electric car in the country from the Swedish luxury car brand after the XC40 Recharge. The Volvo C40 Recharge comes challenging the rivals like Kia EV6 and Hyundai Ioniq 5 among others. Besides the rivals from other brands, the new EV is expected to dent the sales numbers of its sibling XC40 Recharge as well. Also, this EV comes strengthening the automaker’s position in the Indian electric car market further, where several other players have been introducing their respective products.

Volvo India unveiled the electric car earlier this year on June 14, revealing the design, features and specifications of the C40 Recharge. However, pricing was the mystery that the automaker uncovered today. Delivery of the Volvo C40 Recharge is slated to commence in early September this year. Volvo C40 Recharge is already available in multiple global markets and India now has been added to that list.

By: Mainak Das
| Updated on: 04 Sep 2023, 21:01 PM

The C40 Recharge is the first Volvo EV which has been developed from the ground up.

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Watch: Volvo C40 Recharge review: Packs a punch with more range

The Volvo C40 Recharge comes carrying signature Volvo design elements. It gets the signature Thor’s Hammer LED headlamps with integrated LED daytime running lights. Being an EV, it gets the closed panel look instead of a conventional front grille. The sleek LED fog lamps and black air intake at the lower bumper are similar to the Volvo XC40 Recharge. Moving to the side profile, the car looks distinctive compared to the XC40 Recharge thanks to its coupe-like sloping roofline instead of the XC40 Recharge’s boxy appearance. The alloy wheels look stylish and sporty, while at the back, the vertically oriented sleek LED taillights enhance the EV’s overall visual appearance.

Volvo C40 Recharge is available in eight different colour options: Black Stone, Fusion Red, Thunder Grey, Fjord Blue, Silver Down and Crystal White, Sage Green, and Onyx Black. Dimensionally, the EV measures 4,440 mm in length, 1,910 mm in width, and 1,591 mm in height.

Inside, the Volvo C40 Recharge packs a nine-inch touchscreen infotainment system complemented by a 12.3-inch digital driver’s display. Other features include heated and ventilated front seats, vegan interiors, dual-zone automatic climate control, a panoramic sunroof, a 360-degree camera, a wireless charger, and an ADAS safety suite.

The India-spec Volvo C40 Recharge EV comes equipped with twin electric motors paired with a 78 kWh lithium-ion battery pack and an AWD drivetrain. The dual electric motors are capable of generating 402 bhp of peak power and 660 Nm of maximum torque. The EV is capable of accelerating 0-100 kmph in 4.7 seconds at a top speed of 180 kmph.

Globally, the EV is available in both rear-wheel drive and all-wheel drive options. The India-spec model promises to run a 530 km range on a single charge. The new Volvo EV is capable of getting topped up from 10 per cent to 80 per cent in 27 minutes using a DC fast charger. Using an 11 kW level 2 charger, the EV takes eight hours to be charged fully.

First Published Date: 04 Sep 2023, 21:01 PM IST


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