Category : Automotive

Automotive

Tesla, Modi spark India’s $151B EV revolution

omandailynews.com
Tesla, Inc. eyes an unprecedented opportunity in India’s burgeoning electric vehicle market, as recent tax cuts pave the way for foreign manufacturers to enter the world’s third-largest auto market. India’s Ministry of Heavy Industries announced a rollback on tariffs for EVs, potentially opening doors for Tesla and its competitors. However, challenges remain as the......
Automotive

Europe’s car sales dip in December amid EV market challenges

omandailynews.com
Europe’s auto industry is confronting unexpected challenges as car sales experienced a downturn in December, ending a 17-month streak of growth. The European Automobile Manufacturers’ Association reported a 3.8% drop in new-vehicle registrations, with a total of 1.05 million units sold. The decline was most pronounced in Germany, the region’s largest market,......
Automotive

Singapore’s car ownership hurdle rises with a staggering $76,000 price tag

omandailynews.com
Singapore, renowned for its affluence, has always deemed car ownership a luxury. However, current figures are redefining that luxury, with the price to merely gain the right to purchase a car escalating dramatically. Before diving into car dealerships, Singaporeans first need to secure a 10-year Certificate of Entitlement (COE). This......