ECAR import obligations reduced from 110% to 15%
Pictures - Indian Supercar The Indian government will inform its new electric vehicle (EV) policy, which aims to reduce import duties and attract global players like Tesla. The policy is expected to be a minimum turnover of Rs 25 billion in the second year and requires investment of Rs 41.5 billion from interested manufacturers. Lower tariffs to attract investment The proposed policy will allow companies to set up conference operations at existing factories, but will exclude past investments and land or construction costs from the required investment amount. According to the Economic Times, manufacturers that meet the criteria will be eligible to fulfill a 15% import tax, which is a substantial reduction from the current 110% tariff. The past investments didn't count The company will have 120 days of application, and the policy allows for annual imports of up to 8,000 premium electric vehicles (prices above $35,000) to reduce responsibilities. Approved applicants must establish a manufacturing facility within three years…
Reduced turnover, rising costs and new safety rules »
How shrinking sales, rising health care costs and OSHA changes are shaping the workplace Author: Exhibition City News Staff As the end of 2024 approaches, changes in the labor market are impacting businesses and their workforce strategies. Employco USA's recent report highlights several key trends, including employee retention, projected increases in healthcare costs, and new workplace safety regulations. Here’s what employers need to know as they prepare for these changes. Fewer employees leaving the company Employee retention improved significantly in 2024, marking a shift from the high turnover rates of recent years. LinkedIn data shows that employee turnover is down 26% compared with 2023, and down 37% compared with the peak of the "big shake" in 2022, when the number of departures hit a record high. A Ringover survey also showed that four out of five workers are unlikely to change jobs before 2025, suggesting a more stable workforce. These findings suggest that as job turnover decreases, employers have an…
Alfa Romeo Giulia and Stelvio lineup reduced, huge
Giulia prices increased by $4,515, Stelvio prices increased by $5,245 Alfa Romeo will phase out the Giulia and Stelvio ranges and offer a single trim version in 2025. With the elimination of the Sprint, Ti, and Veloce trims, prices for the Giulia increase by $4,515 and those for the Stelvio by $5,245. Both models are well-equipped, but aside from the paint colors and previously announced special editions, there isn't a whole lot new. If you're on the fence, you'll love Alfa Romeo's 2025 model year, as the Giulia and Stelvio ditch the Sprint, Ti, and Veloce trims. They'll be replaced by a well-equipped model starting at $46,195 for the Giulia and $51,195 for the Stelvio. Unfortunately, that's a $4,515 and $5,245 increase, respectively. By comparison, BMW's 2025 3 Series 255-horsepower 330i starts at $45,500, while the all-new 2025 X3 xDrive30 starts at $49,500 and is powered by the same 2.0-liter turbocharged engine. While that’s a huge upgrade, the 2025 Giulia…
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