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Time of India
23 minutes ago
- Time of India
Volvo shifts gears, to offer both EVs & ICE models in India
Volvo Cars will continue to introduce both electric and internal combustion engine (ICE) vehicles in India, pivoting its earlier strategy of going all-electric amid slow customer adoption of battery electric vehicles (BEVs). The Swedish luxury carmaker had last year said it will henceforth sell only electric vehicles in India in its bid to have an all-electric portfolio by the turn of the decade. Volvo's strategy mirrors those of other global car makers like Jaguar Land Rover, and Mercedes Benz who are revising plans to have an all-electric product range. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Artificial Intelligence Cybersecurity Operations Management Project Management Product Management PGDM Others Management Design Thinking CXO Healthcare healthcare Data Analytics Degree Digital Marketing Technology Data Science others Finance Leadership MCA Public Policy MBA Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Speaking to ET, Jyoti Malhotra, managing director at Volvo Cars India said, globally too while the company intends to go all electric, timelines have now been pushed beyond 2030. 'The adoption rate (of electric vehicles) is different in different countries. And even within the country (in India), it's different across states,' said Malhotra. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Artur Nogueira: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo He said government policies are crucial in deepening EV penetration in India, with states that have waived off road taxes seeing higher adoption rates among customers. 'We will continue to drive in electric cars and have a launch lined up later this year itself. But at the same time, we will continue to focus on ICE,' said Malhotra. Live Events EVs currently contribute about 25% of Volvo's sales in India. The market for such eco-friendly luxury cars is however still small though it is growing, according to the company. 'About a year back, EVs had started losing steam. We are seeing some uptick in the segment in the last six months. But customer needs are different across regions,' said Malhotra. 'Home charging is extremely important for customer comfort when it comes to owning EVs. In cities, where there are high-rises, charging electric cars is challenging,' he said, adding Volvo is seeing stronger EV adoption in states like Kerala, Maharashtra, and Delhi where there are low-rises and state policies are conducive. He was speaking on the sidelines of the launch of the XC60 SUV model. Globally, Volvo does have plug-in hybrids in its portfolio, but Malhotra said the company will only consider launching them in India if the tax structures are more conducive. India currently levies a Goods and Services Tax (GST) rate of 5% on EVs, and 43% on hybrids. Overall, Malhotra said luxury car sales in India, which had been outpacing the broader car market in the last few years, slowed in the first half of 2025 as volatile stock markets, and mounting geopolitical tensions hit demand among the country's rich, aspirational buyers. He however added that Volvo is on track to meet its sales target for this calendar year though industry growth is likely to be muted. Per industry estimates, around 22,900 luxury cars were sold in the first half of 2025, a 1.8% rise from a year earlier. Separately, Malhotra termed free trade agreements being inked or negotiated by the Indian government as a step in the right direction, which will help to grow the auto industry in the long run. 'The UK FTA has set a benchmark. While the one with the EU is still some time away, free trade agreements are good for the economy. India is seen as a market with growth potential. If any company were to invest in India today, they will only consider the scale available in the market here. With FTAs, the scale changes immediately as they open up access to many more markets globally,' he said, adding Volvo can also explore possibilities for expanding its footprint in India once the EU trade deal is finalised.
Time of India
35 minutes ago
- Time of India
Manipur govt goes paperless, launches e-Gazette portal
Imphal: Manipur govt has officially launched its e-Gazette portal, marking the complete discontinuation of physical printing and sale of the Manipur Gazette from Aug 1, with the aim of advancing digital governance and transparent public administration. The new initiative aims to modernise the dissemination of govt notifications and enhance citizen access to official information through a centralised digital platform, a govt notification said on Friday. The e-Gazette portal will now exclusively publish the Manipur Gazette online, replacing the traditional printed versions. The Directorate of Printing and Stationery will continue to maintain official records of all digital notifications, ensuring their availability for reference whenever needed. "This visionary initiative marks a significant step towards paperless administration and greater public access to official govt information," the govt stated in a release and described the move as a milestone in the state's digital transformation journey and a step towards environmentally responsible governance.
News18
an hour ago
- News18
F1: Lando Norris Leads Hungarian GP Practice, Max Verstappen Struggles In 14th
Lando Norris led practice at the Hungarian GP, with McLaren teammate Oscar Piastri second. Charles Leclerc was third for Ferrari. Max Verstappen finished 14th. Lando Norris dominated Friday's practice sessions at the Hungarian Grand Prix, setting the fastest times ahead of his McLaren teammate, Oscar Piastri. The 25-year-old Briton, currently 16 points behind Piastri in the drivers' championship, achieved a best lap of 1:15.624, outpacing the Australian by 0.291 seconds in a closely contested second session at the Hungaroring circuit. Charles Leclerc secured third place for Ferrari, trailing nearly four-tenths behind, while the Aston Martins of Lance Stroll and Fernando Alonso followed. Lewis Hamilton took sixth in the second Ferrari. George Russell finished seventh for Mercedes, ahead of Racing Bulls' rookie Isack Hadjar, Red Bull's Yuki Tsunoda, and Kimi Antonelli in the second Mercedes. Four-time champion Max Verstappen struggled throughout the session, complaining about his car's poor balance and performance, ultimately finishing in 14th place, 1.167 seconds off the pace and three-tenths behind his teammate. Verstappen's frustrations were compounded by a potential investigation into his disposal of a cloth towel from his cockpit during the session. What Happened At Hungarian Grand Prix Practice Sessions? From the outset, Norris and Piastri showed they were not taking the session lightly, exchanging best laps and nearly making contact in a late incident when Norris locked up and Piastri passed him at Turn One. On a bright, dry afternoon, Nico Hulkenberg, having missed the first session to allow reserve driver Paul Aron to drive for Sauber, was the first on track and quickly ran wide, scattering gravel across the track. Norris and Piastri's dominance suggested a McLaren intra-team battle was looming for Sunday's race. Verstappen, down in 10th early on and trailing by a second, described his car's balance as 'driving on ice". Teammate Tsunoda was a tenth faster in ninth. Verstappen's session also featured an unusual incident when he was filmed throwing a cloth from his cockpit, likely leading to a stewards' investigation. Norris had a moment of pressure when he slid wide onto the grass at the final corner but recovered with 15 minutes remaining on used soft tyres. Both he and Piastri switched back to mediums, signalling the end of their quest for the fastest lap. view comments First Published: August 01, 2025, 22:58 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
