Indian tax authorities are investigating Chinese carmaker BYD

China’s leading electric vehicle manufacturer, BYD, is facing allegations of tax evasion in India over imported car parts used in local vehicle assembly. India’s Directorate of Revenue Intelligence (DRI) claims BYD underpaid 730 million rupees (USD 9 million) in taxes, which has been deposited by the company. India imposes import taxes of 70% or 100% on complete electric cars, and 15% or 35% on imported car parts assembled into EVs locally.

Lamborghini could reach 10,000 sales in 2023, says CEO

According to the company’s CEO, Lamborghini, the famed Italian luxury sports car manufacturer, could hit an astounding milestone of selling 10,000 automobiles by 2023. In a recent interview, Lamborghini CEO Stefano Domenicali voiced optimism about the brand’s future and its potential for significant sales growth.