Nearly 6,900 acre of land and USD 9 billion investments will be required by 2030 for setting up facilities for EV (electric vehicle) manufacturing, lithium-ion battery production and public charging stations, according to Savills India. Real estate consultant Savills India has released report 'Charged for Change: How EVs Are Reshaping Indian Real Estate' stating that the EV market in India has witnessed significant growth in recent years, driven by market forces, government policies, rising environmental concerns, and increasing fuel costs. The government has launched several initiatives to accelerate EV adoption and strengthen the supporting ecosystem. "An investment of USD 7.5 to 9 billion will be required by 2030, primarily for land acquisition and the development of facilities for EV manufacturing, lithium-ion battery production, and public charging stations," the consultant said. In high-adoption scenario, the required investments will be USD 9 billion while USD 7.5 billion wi
Vietnamese EV maker VinFast is set to debut in India this month with 2 electric SUVs – the VF6 and VF7. Watch the video for all the details.
In the EV era, companies are reconfiguring how cars are designed and function. The "brains" of a vehicle have a power that extends way beyond cruise control, emergency braking or parking sensors
Both automakers also face geopolitical tensions heightened by tariffs being levied or threatened by US President Donald Trump, which could curtail their ability to use imported components
The potential impact on domestic EV manufacturers, government policies, and the broader market also remain subjects of speculation
At present, it has a manufacturing capacity of around 50,000 units. The company sold around 12,800 vehicles in 2024 and expects this to reach 25,000 units in calendar year (CY) 2025
Electric vehicle launches in India are set to surpass petrol and diesel cars in 2025, with 18 new EV models expected, driving growth and boosting EV market share to 4 per cent
The biggest producer of electric cars last year was a high accounting risk because of the unprecedented scale of financing from its supply chain, analyst Nigel Stevenson wrote
The auto-component sector must also be given time to evolve, through the creation of alternative ecosystems
China's electric vehicle major BYD is keen to have manufacturing operations in India as soon as 'all factors' suggest a 'go ahead' and the plan is under constant evaluation, according to a top official of the company's Indian arm. Despite the political tension between India and China resulting in visa issues, the company has not felt any impact of it on its operations in the country and has also found acceptance of its products from the 'pragmatic' Indian customers, BYD India Head of Electric Passenger Vehicles (EPV) Business Rajeev Chauhan told PTI. In an interaction on the sidelines of the Auto Expo held as part of the Bharat Mobility Global Expo 2025, he said the company, which unveiled its premium electric SUV SEALION 7, will be considering the homologation route for more models to be able to sell more vehicles in India. "These kinds of plans, manufacturing plans are constant evaluation which we are doing...We are keen, we would love to do that as soon as all factors suggest tha
corruption related to the Al-Qadir University Project. His wife, Bushra Bibi, has also been handed a 7-year sentence. SpaceX's highly anticipated Starship rocket faced a failure shortly after launch.
Hyundai India has taken the wraps off the new Creta Electric ahead of its public debut at the upcoming Bharat Mobility Global Expo 2025.
The recommendations, which have not been previously reported, come as the US electric-vehicle transition stalls and China's heavily subsidized EV industry continues to surge
Elon Musk, one of Trump's biggest backers and the world's richest person, said in July that killing the subsidy might slightly hurt Tesla sales but would be "devastating" to its U.S. EV competitors
Munoz, 59, joined Hyundai in 2019 as global chief operating officer, with responsibility for the carmaker's north and south American operations
The Heavy Industries Ministry on Thursday started consultations with stakeholders on the Rs 500 crore subsidy outlay under the PM E-drive scheme and frame guidelines to fast-track the adoption of electric trucks. In the first meeting on Thursday, officials stressed the need for truck makers, buyers and banks to come together for a faster and smoother transition to e-trucks. The meeting was attended by representatives of the Indian Ports Association, Ashok Leyland, Tata Motors, BillionE Mobility, Olectra, Amazon, Flipkart, Switch Labs, Murugappa group Volvo Eicher, Mahindra Trucks, apart from representatives from industry associations like SIAM and ICCT. During the consultation on e-trucks, Secretary of the Heavy Industries Ministry Kamran Rizvi highlighted that the meeting marks the first-of-its-kind government initiative on e-trucks. "The e-truck phase has just begun, and India is among the 5-6 countries globally manufacturing e-trucks," Rizvi said. He also added that in line wit
Suzuki Motor Corporation has unveiled the e-Vitara, its first mass-production battery electric vehicle (BEV), making a bold entry into the global electric SUV market.
LGES said it would have booked an 18 billion won operating loss in the quarter without a tax credit received under the US
As infrastructure improves, more Indians are willing to travel green
IPO-bound Hyundai Motor India Ltd will explore opportunities for exporting its upcoming electric vehicles from the country to other similar markets to enhance its position as a production hub for emerging markets, according to a senior company official. The company is lining up four electric vehicles to be launched in future, including the electric version of its popular SUV Creta by Q4 FY25, in the mass and 'mass premium' segments. "We are a very strong production hub for emerging markets. We are exporting to 80 plus countries. As far as EVs are concerned, it will, of course, depend on the demand but we are always open to look at any product, which we introduce in India, for exporting it to the other market as well," Hyundai Motor India Ltd (HMIL) COO Tarun Garg told PTI. He was responding to a query on whether the company will export its EVs planned to be launched in India in the future. "In terms of EV (exports) it will depend on the infrastructure. It will depend on the deman