Electric Car

Explained: All about India's ₹7,280 crore push to build rare earth magnet industry

The Union Cabinet has approved a landmark ₹7,280 crore scheme to build India’s first integrated rare earth permanent magnet manufacturing ecosystem

The second-hand test: India's looming problem of valuing used electric cars

As the first wave of electric cars ages, they will enter the resale market, but in the absence of a standardised valuation method, the question is how much they will really be worth

BYD's $45 bn stock plunge raises investor concerns over China's outlook

The Chinese electric-vehicle maker's Hong Kong-listed shares have tumbled more than 30 per cent from the all-time high reached just four months ago, underperforming peers

BluSmart files for insolvency amid corporate governance crisis, debt woes

BluSmart enters insolvency after a regulatory probe accused a co-founder of misappropriating funds intended for vehicle purchases

Ola Electric sales at 60k units in Q1, sees sustained demand recovery in Q2

Ola Electric is expecting a sustained demand recovery in the second quarter, according to sources, with its Q1 FY26 vehicle registrations reaching nearly 60,000 units, as indicated by VAHAN data. The company, which saw registrations grow 9 per cent month-on-month in June, is projected to post quarter-on-quarter revenue growth of nearly 25 per cent, underlining the gains from its recalibrated sustainable growth efforts, said people tracking the company's performance. "Factoring in deliveries in Telangana and the clearance of pending backlogs from Q4 FY25, Ola Electric is now expected to deliver over 65,000 vehicles in Q1 FY26. This strong delivery performance puts the company well on course to comfortably meet its revenue guidance of Rs 800-850 crore for the quarter," a source said. The person said the growth in June registrations marks a "clear shift in trajectory, signalling that Ola Electric is regaining pace after a tempered Q4 FY25. The recent uptick also suggests sustained dema

BYD to set up first India EV factory near Hyderabad, eyes 600K cars yearly

The Telangana government has suggested three potential sites for the facility, all located near Hyderabad for the proposed BYD plant

Honda-Nissan's $6.4 bn merger: Big synergies, but is time on their side?

Honda has focused more on hybrids and unlike Nissan offers the models in the United States, where demand for the cars has surged

India's battery electric vehicle market to grow threefold next year: S&P

Battery electric vehicle production is projected to hit 377K units in 2025, says S&P Global Mobility

Electric car sales slump as misinformation holds back potential buyers

Electric car sales have slumped. Misinformation is one of the reasons

EU new car sales flat in July as battery EVs lose market share, says ACEA

Improvements in the Belgian, Dutch and French electric-vehicle (EV) markets failed to offset a drop of almost 37 per cent in sales

Roadmap to profitability laid out, electric car off table: Bhavish Aggarwal

Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, according to company founder and CMD Bhavish Aggarwal. The company, which forayed into the electric motorcycle segment last week, will build products that Indians need, which are by a vast majority two-wheelers and three-wheelers, he said in an interaction with PTI editors at the agency's headquarters here. In the first quarter of this fiscal, Ola Electric's automotive segment EBITDA was almost break-even but for a one-time reversal of about Rs 30 crore it had to pay for a change in standard operating procedure in the government for PLI rules, he said, adding the cell segment is at a different stage of evolution. Ola Electric's net loss widened in the first quarter to Rs 347 crore, from Rs 267 crore in the corresponding period a year ago. In FY24, the company's net loss was at Rs

How China built tech prowess: Chemistry classes and research labs

Spending on research and development has surged, tripling in the past decade and moving China into second place after the United States

GM indefinitely delays plans of self-driving vehicle without steering wheel

In 2022, GM filed a petition with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls

Renault's first-half sales rises on strong demand for hybrids in Europe

The company sold 1,154,700 vehicles globally compared to 1,133,478 units last year, with almost three-quarters of that volume going to Europe

Chinese EV giant BYD sets sights on aggressive expansion in Vietnam

Vietnam's government said last year BYD had decided to build a factory to manufacture electric cars in the north of the country but those plans have slowed

Centre likely to roll out electric vehicle policy guidelines by Sept-end

The scheme provides a window of 120 days or more from the date of its notification to receive applications

Turkey to soon unveil deal with China's BYD for $1 billion EV plant

Turkey's President Recep Tayyip Erdogan is expected to announce the deal on Monday during a ceremony in Manisa province

Tesla investment in India not anytime soon as Musk ceases contact: Report

Elon Musk's team hasn't made any further inquiries with officials in New Delhi after the billionaire postponed a visit to India in late April

BIS introduces new safety standards for electric vehicles to enhance safety

To improve the safety of electric vehicles, BIS has introduced new safety standards in the L, M, and N categories. Here's all you need to know

US electricity demand from EVs rises to new highs in early 2024: Maguire

EVs accounted for 16 per cent of all light-duty vehicle sales in the U.S. in 2023