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2020 - the year cars in India starts going electric

Though government of India has envisaged the deadline of year 2030 to go for all electric vehicles (EV), it the year 2020 which is going to the landmark when many of the automobile manufacturers operating in India will begin rolling out their pure electric models in the country, albeit in smaller numbers.

Japanese car makers Toyota and rival Suzuki on Friday announced their plans to launch their first electric car together by 2020.


Maruti-Suzuki, the Indian subsidiary of Suzuki Corporation is likely to benefit immensely out of it.

On the other hand luxury car makers including Audi, Mercedes, BMW, JLR are already working on bringing the EV in the Indian market by the 2020.

Even Sajjan Jindal's JSW Energy, is said to be toying with the idea of entering the EV segment and planning to come out with its first model in 2020.

The Mumbai head-quartered business group has even earmarked around Rs 3500 Crore  (35 billion) - 4000 Crore (40 billion) for expenditure over a period of next 3 years.

Nissan, another Japanese company is said to be planning a trial in India for its EV car Leaf which it expects to commercially launch by 2020.

At the same time, the company is also studying the introduction of e-power technology for Indian market. In this car, the petrol motor is used solely charge the vehicle's batteries, thus removing the anxiety of the passenger to search for a charging station.

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Reeves

The chancellor is expected to allow homeowners to defer payment until death or property sale, preventing asset-rich but cash-poor owners, particularly pensioners

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Reeves’ £600 million mansion tax to target high-value flats

Highlights

  • Around 100,000 flats among 300,000 properties facing new council tax surcharge.
  • Properties worth £1.5m or more in bands F, G and H to be affected.
  • Homeowners could face bills exceeding £6,000 annually, with average surcharge of £2,000.
Nearly one-third of homes expected to be affected by Chancellor Rachel Reeves's planned council tax surcharge will be flats, according to new analysis by estate agency Hamptons.

The £600 million levy, dubbed a "mansion tax" by Labour backbenchers, will target approximately 300,000 properties in the highest three council tax bands (F, G and H) across England. Of these, around 100,000 are apartments.

The affected flats include luxury apartments in modern tower blocks with amenities such as concierges and gyms, as well as three and four-bedroom properties in converted townhouses and older buildings.

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