Mercedes Electric Cars

The luxury automaker said in a statement on its website late Tuesday that it was reducing prices on certain models from its EQ range, effective Wednesday, and that it would provide subsidies

Globally, this car is priced at around $150,000 or Rs 1.2 crore; there's little surprise then that its price doubles to Rs 2.4 crore in India given the outlandish duties that CBU cars attract

Priced upwards of Rs 2.45 crore ex-showroom, the deliveries of the completely built unit model will commence next month

The auto industry in the country was taken by surprise after the Narendra Modi government announced last year that the entire auto industry would go electric by the turn of 2030