China Commits to Sustained Tax Breaks for 90% of New Energy Vehicles

12 Dec 2023 CW Team

Amidst the global push towards sustainable practices, China reaffirms its commitment to fostering the electric vehicle revolution by maintaining tax breaks for more than 90% of new energy vehicles. This strategic move aligns with China's ambitious environmental goals and propels the country further into the forefront of the green transportation sector. In a recent announcement, Chinese authorities outlined the continuation of tax incentives to promote the adoption of electric and other new energy vehicles. This initiative serves as a crucial driver for the ongoing surge in the electric vehicle market, encouraging manufacturers and consumers alike. The tax breaks cover a significant majority of new energy vehicles, reinforcing the nation's dedication to reducing carbon emissions and promoting cleaner, greener transportation solutions.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

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Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..