electric vehicles

News and Trends

Mahindra & Mahindra To Invest INR 12,000 Crore In Its EV Unit

Networth of MEAL as on March 31, 2024 stood at INR 3,207.14 crore. The revenue from operations of MEAL for FY24 was nil.

News and Trends

Stellantis to make Leapmotor's "affordable" EVs in India by 2024 end

India imposes customs duty ranging between 70 per cent and 100 per cent, depending on the engine size and cost, insurance and freight (CIF) value on cars imported as completely built units.

News and Trends

Exicom Launches India's Fastest DC Charger

Designed for the challenging Indian environment, Harmony Gen 1.5 DC Fast Chargers function effectively in cold, hot temperatures and salt environments.

News and Trends

GreenCell Mobility Secures ₹3 Billion in Financing To Reduce CO2 Emissions

The transaction marks the first-ever project financed by a Japanese bank in the e-mobility domain in India and is also SMBC's first project finance transaction in the sector for the APAC region.

News and Trends

Tata Power Establishes Over 220 RFID Enabled EV-Charging Points In Karnataka

Tata Power has also collaborated with renowned builders and societies like Brigade Gardenia and Divyashree Elan Homes (RWA).

News and Trends

Murugappa Group To Foray Into E-SCV, Plans To Invest INR 3,000 Crore On Evs

Once launched, the vehicle is expected to bring about a significant change in India's mid-mile and last-mile mobility sectors, due to its cutting edge technology, distinctive design, strong performance, and durable build quality.

Growth Strategies

"Success For Indian EV Start-ups Depend On Local Innovation"

Amid reports of Tesla incurring loss has created a doubt about the success of small or new start-ups in a world where a well know manufacturer is struggling in different markets including China.

News and Trends

Lectrix EV Partners With FuturElectra To Advance Electric Mobility

This commitment to domestic manufacturing reflects the companies' shared vision to bolster the 'Make in India' initiative and promote self-reliance in the EV sector.

News and Trends

Ola To Shift Entire Workload To Sister Firm Krutrim

The decision comes as a riposte to Microsoft subsidiary LinkedIn blocking a post by the Ola founder on May 6.

News and Trends

Anand Mahindra Praises IIT-Madras Start-up For Flying Electric Taxi

Recently, a Bhopal based start-up came up with Bolero SUV, fitted with self-driving technology which caught Mahindra's eye and he praised the startup.

News and Trends

Tata Motors Mulls Merger Of EV Subsidiary With PV Business After Demerger

The passenger vehicle business, to be created post-demerger, will include the two subsidiaries—Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility —and the JLR business.

Growth Strategies

Majority Of People Think EVs Inferior To ICE Vehicles: Saurav Kumar

Talking about the growth and market, Saurav Kumar, founder, Euler says that company focuses on reducing the losses over the period of time.

News and Trends

EMotorad Announces World's Biggest E-Cycle Gigafactory In Pune

Phase one concentrates on giga component production, while later phases will enhance mechanical components in-house manufacturing capabilities.

News and Trends

DG Innovate, EVage Motors Partner To Manufacture Electric Motor With 98.5% Efficiency

EVage will offer far more efficient electric trucks, resulting in a reduced cost of ownership for fleet owners, with an average range increase of 5-7% on the same charge.

Growth Strategies

India Overtakes China As Largest E3W Market Globally

As per Vahan data, 350,238 e-three-wheelers were retailed in CY2022. Given the 8% YoY decline in CY2023, China's estimated CY2022 sales would have been 347,840 units, which means India just might have been the e-three-wheeler leader in CY2022.