India’s EV market to hit Rs 20 trillion by 2030, 50 million jobs projected, says Nitin Gadkari
Dec 20, 2024, at 05:20 pm
New Delhi: India’s electric vehicle (EV) market is projected to grow to Rs 20 trillion by 2030, potentially generating around 50 million jobs within the EV ecosystem, according to Road Transport and Highways Minister Nitin Gadkari.
Dec 04, 2024, at 10:45 pm
New Delhi/IBNS: In a significant development that could reshape India's electric vehicle (EV) landscape, Chinese automaker BYD is positioning itself to silently dominate the country's rapidly growing EV market.
India planning to expand EV incentive program to encourage new and existing manufacturers
Nov 29, 2024, at 10:55 pm
New Delhi: India is planning to broaden its electric vehicle (EV) incentive program to include automakers producing EVs at existing factories, rather than restricting the benefits to those building new plants, Reuters reported, citing a source familiar with the matter.
Honda forays into Indian E2W market; launches QC1 and Activa e:
Nov 27, 2024, at 09:25 pm
Bengaluru/IBNS: Japanese motorcycle manufacturer Honda has finally entered India's electric two-wheeler (E2W) market with the launch of its two new electric scooters — Activa e: and QC1.
Mahindra teases sketches of BE 6e, XEV 9e
Nov 22, 2024, at 11:09 pm
Automobile major Mahindra has unveiled teaser sketches of its upcoming Electric Origin SUVs named the BE 6e and XEV 9e.
Ford to cut 4,000 European jobs, cites weak EV demand and competition
Nov 21, 2024, at 04:37 am
Berlin: Ford announced plans to cut around 14% of its European workforce, equating to 4,000 jobs, citing weak electric vehicle (EV) demand, limited government support, and competition from subsidized Chinese automakers, media reports said.
October witnesses jump in electronic two-wheeler sales; Ola, TVS, Bajaj top three performers
Nov 02, 2024, at 05:21 am
New Delhi: The domestic electric two-wheeler (E2W) market saw a nearly 54% month-on-month (MoM) growth in October, fuelled by discount offers, festive season promotions, price cuts, and the release of new variants by industry players, media reports said.
Ola Electric expands service nationwide by more than 30%
Oct 31, 2024, at 02:23 am
Bengaluru: Ola Electric, India’s largest e-scooter manufacturer, has boosted service centre capacity nationwide by more than 30% to improve its after-sales service, media reports said.
Can silver prices beat gold in future? Vedanta Group chairman shares perspective
Oct 26, 2024, at 03:36 am
Mumbai: Silver prices recently reached unprecedented levels, with December futures crossing the Rs 1,00,000 per kilogram mark on the Multi Commodity Exchange (MCX) for the first time.
EU to proceed with significant tariffs on Chinese EVs: Report
Oct 05, 2024, at 04:59 am
Brussels: The European Union plans to proceed with imposing major tariffs on Chinese-made electric vehicles, the EU executive announced on Friday, despite opposition from Germany, the bloc's largest economy, Reuters reported.
Ford likely to manufacture EVs in Tamil Nadu: Report
Oct 01, 2024, at 11:38 pm
Chennai: Ford Motor Co. is in talks to produce electric vehicles at its southern India plant in Tamil Nadu, which marks its potential return to the world’s third-largest car market three years after shutting down its local factories.
Tata Motors and JLR to manufacture EVs in India for the world market: N Chandrasekaran
Sep 17, 2024, at 10:19 pm
Mumbai: Tata Motors and Jaguar Land Rover (JLR) are set to produce electric vehicles (EVs) in India for global markets, according to Tata Sons chairman N Chandrasekaran.
Union Cabinet approves PM E-Drive Scheme with Rs 10,900 cr budget
Sep 12, 2024, at 06:05 am
New Delhi: The Union Cabinet has approved the PM E-Drive Scheme with a budget of Rs 10,900 crore over two years to promote the adoption of electric vehicles (EVs) in India.
Honda Power Pack Energy India, Bhago Mobility partner for green fleet services in EV segment
Sep 11, 2024, at 11:42 am
Kolkata: Honda Motor Company's battery swapping service Honda e:Swap has teamed up with sustainable transportation solution provider Bhago Mobility for providing green fleet management services aimed at revolutionizing last-mile delivery solutions for the EV segment.
Maruti Suzuki's 500 km range EV soon, says CEO Hisashi Takeuchi
Sep 11, 2024, at 04:39 am
New Delhi: Maruti Suzuki India (MSI) plans to launch an electric vehicle with a 500-km range, powered by a 60-kilowatt-hour battery, along with several similar models, according to MD and CEO Hisashi Takeuchi on Tuesday, said a Moneycontrol report.
Reliance Industries bags 10 GWh ACC EV battery project under PLI scheme
Sep 05, 2024, at 03:03 am
New Delhi: Reliance Industries has secured a 10 GWh battery storage project under an incentives program designed to promote EV battery production, the government said on Wednesday.
Volkswagen considers German plant closure for first time in 87-year history: Report
Sep 04, 2024, at 08:40 pm
Berlin/IBNS: German automaker Volkswagen is weighing whether to close plants in Germany for the first time in its 87-year history as the company moves to deepen cost cuts amid rising competition from China’s electric vehicle makers, reports CNN.
Aug 15, 2024, at 05:08 am
Hyderabad: Electric two-wheeler maker Ather Energy has raised $71 million in a new funding round led by its existing investor, the National Investment and Infrastructure Fund (NIIF), elevating the company's valuation to $1.3 billion and securing its status as a unicorn, according to sources familiar with the matter, Moneycontrol reported.
Ather Energy signs MoU with Amara Raja to manufacture battery cells for its electric two-wheelers
Aug 02, 2024, at 06:59 am
Kolkata: Amara Raja Energy & Mobility (AREM) has signed a pact with Ather Energy to create and supply Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) lithium-ion cells for electric two-wheeler batteries, a press release said.
Survey reveals 51% Indian EV car owners want to switch back to ICE vehicles as dissatisfaction grows
Jul 30, 2024, at 05:39 pm
New Delhi/IBNS: A recent survey by Park+, a leading app for car owners, has revealed that 51 percent of electric vehicle (EV) owners in India expressed a preference to switch back to conventional internal combustion engine (ICE) vehicles due to everyday hassles associated with EV ownership.
Govt extends EV subsidy scheme EMPS by two months
Jul 27, 2024, at 05:29 pm
New Delhi/IBNS: In a significant move to accelerate India's transition to electric vehicles, the Centre on Friday (July 26) announced a two-month extension of the Electric Mobility Promotion Scheme (EMPS) 2024.
IPO-bound Ola Electric suspends electric car project: Report
Jul 26, 2024, at 03:22 am
Bengaluru: India's IPO-bound Ola Electric has paused its plans to launch electric cars, choosing instead to concentrate on its e-scooter business, according to a Reuters report.
EV sector seeks incentives and tax rationalisation from Union Budget 2024: Report
Jul 15, 2024, at 10:29 pm
New Delhi/IBNS: With Union Finance Minister Nirmala Sitharaman scheduled to present the Union Budget 2024 on July 23, India's electric vehicle (EV) industry is optimistic about potential announcements that could spur industry growth, reports ANI.
Ather showcases its latest electric scooter Rizta in Kolkata, check out the prices
Jul 07, 2024, at 07:28 am
Bengaluru-based electric scooter manufacturer Ather Energy showcased its newly launched Rizta in Kolkata on Saturday, a vehicle designed keeping the family riders in mind.
Chinese EVs hit with duties in biggest European Union trade case yet
Jul 06, 2024, at 08:00 pm
Brussels/IBNS: The European Union (EU) will impose tariffs of up to 37.6 percent from Friday on imports of electric vehicles (EVs) manufactured in China, ratcheting up tensions with Beijing in Brussels’ largest trade case yet, Reuters reported, citing EU officials.
'Not India’s loss': Ola's Bhavish Aggarwal on Tesla's withdrawal from India
Jul 05, 2024, at 11:35 pm
Bengaluru: Tesla's decision to forgo investment in the Indian market represents a significant missed opportunity for the US-based company, not for India, according to Bhavish Aggarwal, CEO of Ola Cabs.
Jun 19, 2024, at 10:39 pm
Mumbai: Jaguar Land Rover, owned by Tata Motors, announced on Wednesday that it has signed a letter of intent with its Chinese joint venture partner, Chery, to license the Freelander brand for developing electric vehicles in China.
Godrej & Boyce plans to double revenue in next 3 yrs, eyes India’s EV sector growth
Jun 14, 2024, at 03:52 am
Mumbai: Godrej & Boyce on Thursday announced that its motor components business is targeting to double its revenue to Rs 1000 crore within the next three years, with 50% of the revenue coming from India, and the remaining targeted from exports.
Volvo Car India surpasses 1000 EV deliveries
Jun 05, 2024, at 10:58 pm
Kolkata/IBNS: Volvo Car India on Wednesday (June 5) announced that the company has crossed the milestone of delivering over 1,000 electric vehicles (EVs).
NSE launches India's first EV Index
May 31, 2024, at 05:29 am
Mumbai: NSE Indices Ltd, a subsidiary of the National Stock Exchange, on Thursday launched the EV and New-Age Automotive Index, designed to track the performance of companies within the EV ecosystem.