India To Offer $4.6 Billion In Incentives To Local EV Battery Makers

The Indian government plans to offer $4.6 billion in incentives to companies that establish battery manufacturing facilities for electric vehicles in the country.

A proposal drafted by the Niti Aayog think tank that is chaired by Prime Minister Narendra Modi reveals that the country could slash import bills by as much as $40 billion by 2030 if electric vehicles are to become widely adopted.

Reuters adds that this think tank has recommended incentives of $4.6 billion by 2030 for companies manufacturing batteries in the country. This would start with cash and infrastructure incentives of $122 million in the first financial year that would be ratcheted up annually.

Read Also: Not A Single New Car Was Sold In India Last Month

The plan would see India retain its import tax rate of 5 per cent for certain types of batteries, including those for electric vehicles, until 2022. After that date, it

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Advance Auto Parts Announces Pricing of Cash Tender Offer for Any and All of Its Outstanding 4.50% Senior Unsecured Notes Due December 1, 2023

RALEIGH, N.C.–(BUSINESS WIRE)–Advance Auto Parts, Inc. (“Advance”) (NYSE: AAP), a leading automotive aftermarket parts provider in North America, announced today that it has priced the previously announced cash tender offer for any and all of its outstanding 4.50% senior unsecured notes due December 1, 2023 (CUSIP No. 00751Y AC0) (the “Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase, dated September 22, 2020 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). The tender offer is referred to herein as the “Offer.” The Offer to Purchase and the Notice of Guaranteed Delivery are referred to herein collectively as the “Offer Documents.”

Certain information regarding the Notes and the pricing for the Offer is set forth in the

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Colony Capital Announces Final Results of Tender Offer for Outstanding 3.875% Convertible Senior Notes Due 2021

Colony Capital, Inc. (the “Company”) today announced the expiration and final results of the Company’s previously announced cash tender offer (the “Offer”) for any and all of its outstanding 3.875% Convertible Senior Notes due 2021 (the “Convertible Notes”).

The Offer expired at 12:00 midnight, New York City time, at the end of September 24, 2020. As of the expiration of the Offer, $81,309,000 aggregate principal amount of the Convertible Notes, representing approximately 72% of the total Convertible Notes outstanding, were validly tendered (and not validly withdrawn) pursuant to the Offer. The Company has accepted for purchase all Convertible Notes that were validly tendered (and not validly withdrawn) pursuant to the Offer at the expiration of the Offer at a purchase price equal to $1,000 per $1,000 principal amount of Convertible Notes, plus accrued and unpaid interest.

The Company expects to pay approximately $81.9 million for the purchase of the Convertible

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Tego Inc and TSC Printronix Auto ID Partner to Offer Complete Edge to Cloud Solution – Press Release

The Partnership Serves Digital Transformation Initiatives in the Aviation, Automotive, Rail, and Healthcare Industries

WALTHAM, Mass. – September 23, 2020 – (

Tego Inc announces partnership with TSC Printronix Auto ID, a global leader in the AIDC barcode printer industry. With this partnership, Tego’s Asset Intelligence Platform (AIP) is validated and proven for use across Printronix Auto ID RFID enabled printers. Together, the companies will serve manufacturers across several key industrial market sectors, including aerospace, automotive, life science, energy and health care.

Tego is the leading provider for commercial aerospace supply chain visibility solutions and co-author of the ATA Spec 2000 Ch.9-5 standard. As an automated identification aerospace authority, Tego’s validation of Printronix Auto ID RFID enabled printers means they are capable to encode and print UHF high-memory integrated labels to meet compliance with the ATA’s aerospace initiatives. Printronix Auto ID announces the immediate availability of printers for sale to

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Elon Musk says Tesla will offer an affordable driverless car within 3 years [Video]



1. Wide shot Elon Musk arrives on stage during a Tesla conference. Audience stays in Tesla cars on parking lot facing the stage

2. SOUNDBITE 1 – Elon Musk, Tesla CEO and founder (male, English, 11 sec): “It really it was always our goal to try to make an affordable electric car. And I think probably like in about, about three years from now, we’re confident we can make a very competent, very compelling $25,000 electric vehicle. That’s also fully autonomous.”

3. Cutaway: Wide shot battery on screen /

4. Wide shot Elon Musk on stage, screen behind him showing battery5. Wide shot audience in Tesla cars on parking lot facing the stage

6. SOUNDBITE 2 – Elon Musk, Tesla CEO and founder (male, English, 22 sec): “This is definitely a new approach. The Tesla drive in the movie

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UAE’s leading exotic car rental group partners with New York’s Software Design Company Napollo to offer advanced technology products to Arab World

This simple and easy to use marketplace will be designed and developed by Napollo’s top Business & IT experts comprising of PHD’s from Germany and Research Faculty from world’s leading universities. Partnership will deliver most cost effective and reliable solutions for exotic car companies overcome their day to day challenges in providing fast and effective service to their high-end customers.  

XCAR has the vision to simplify & automate the complete user experience from booking to drive the luxury cars in UAE & solve the real-world challenges of rental companies through creating this new market place.

“The search for a luxury car is filled with high expectations. Undoubtedly, there are many cars which you are dreaming and cannot drive in affordable way, but XCAR has the vision to fulfil all your luxury car rental needs by offering promotions and deals to rent any kind of vehicle through only one name in

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Scrappage policy may put onus on auto cos to offer incentives

India’s forthcoming vehicle scrappage policy will offer no tax exemptions and any incentive will have to be provided by the automaker, said a government official.

The government has prepared a cabinet note on creating an ecosystem for voluntary and environment-friendly phasing out of unfit and old polluting vehicles, minister of state for roads V.K. Singh told the Rajya Sabha on Saturday.

The Union cabinet may approve the scrappage policy after the monsoon session of Parliament is over, said the official mentioned above.

“Incentives, if any, will have to be offered by OEMs (original equipment manufacturers),” the official said on condition of anonymity. Earlier, the Centre had urged states to give a rebate on road tax to vehicle buyers against the presentation of scrapping certificates.

Commercial vehicles that are 15 years old and private vehicles that are 20 years old could be considered for scrapping by their owners, the official said.

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How Much Money Should I Offer the Dealer When Buying a New Car?

When you go into a dealership, you want to know all of the pricing and costs of the car that you are looking into buying, as mentioned in my previous articles.

You should know the manufacturer’s cost and the dealer’s cost. You need to calculate the cost that the dealer paid for the car and then make a reasonable offer to him if you want to get somewhere. You should also know that the dealer’s price is not the invoice price from the factory. You should know that the dealer’s cost is much lower than the factory’s cost.

In order to make a fair offer to a dealership, you need to learn to read a factory’s invoice. Here is what you can expect to find on the factory invoice.

o Base model of the car on it

o All of the options packages

o Destination charge

o Holdback and dealer … Read More

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Michigan State Auctions Offer Affordable Luxury Cars

Michigan State auctions are the ideal place to get affordable luxury cars.  Just like all auto auctions, the main benefit is the opportunity to find a quality vehicle with a fantastic deal.  There are numerous auction houses at Michigan State auctions that hold open public car auctions. Nevertheless, it can be difficult to get one that constantly features such splendor cars.

If you are merely looking for luxury cars and nothing else, you will then have two choices.  The first is to keep a heedful watch over impending auctions that are located all over the state.  Once you discover one that has a number of these cars, it is time to journey.  However, there are many downsides of this method.  The main disadvantage is that it can be hard to keep track of every forthcoming auction, not to mention undergoing all the stock listings.

The finest notion is to focus … Read More

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