CII pitches for power subsidy, interest-free loans for advanced battery makers

New Delhi, (UNI) The government should provide incentives to battery manufacturers for developing advanced technologies in the battery space and lower the cost of ownership of high-performance advanced electric vehicles (EVs), industry body CII has said in a report. “The government should encourage OEMs (original equipment manufacturers) in the battery space to develop in-house capabilities…

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PNB and Tata Motors Finance enter into partnership for co-sourcing of Commercial Vehicles

New Delhi, In a strategic move to strengthen its partnership, Punjab National Bank (PNB), nation’s leading public sector bank, has entered into a Memorandum of Understanding (MoU) with Tata Motors Finance Solutions Limited (TMFSL) for co-sourcing of Commercial Vehicles. The co-sourcing arrangement will provide simple and seamless financing solutions to fleet owners and commercial vehicle operators,…

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