Switch Mobility has been rolling out electric buses for the world market. Business Standard's Shine Jacob caught up with its CEO Mahesh Babu to know more about the company's future plans
Markets will come back after geopolitical turbulence and each company will have to make its own strategy, says Mahesh Babu
E-commerce giant Amazon has announced that it will invest more than one billion euros to further electrify its transportation fleet across Europe over the next five years
'The company is targeting to earn Rs 300 crore revenue in the first year after launching the first vehicle'
The government is working on developing electric highways powered by solar energy, that will facilitate the charging of heavy duty trucks and buses, Union road transport and highways minister Nitin Gadkari said on Monday. Addressing an event organised by the Indo-American Chamber of Commerce (IACC), Gadkari reiterated that the government wants to develop India's public transport system on electricity. "The government is strongly encouraging solar and wind energy-based charging mechanisms for electric mobility. "We are also working on developing electric highways, which will be powered by solar energy and this will facilitate charging of heavy duty trucks and buses while running," he said. An electric highway generally refers to a road which supplies power to vehicles travelling on it, including through overhead power lines. Gadkari said that the government is also encouraging toll plazas to be powered by solar energy. The minister said the road ministry has conducted route ...
Business Standard brings you the top headlines at this hour
Gadkari called road accidents his biggest failure as the road minister
HOP Electric Mobility plans to invest up to Rs 200 crore in next one year on new products, setting up charging infrastructure and in creating additional production capacity, according to company Founder & CEO Ketan Mehta. The startup, which on Monday launched its high-speed electric-motorcycle HOP OXO with prices starting at Rs 1.25 lakh, is also setting up an electric vehicle park at Neemrana in Rajasthan, jointly with its component suppliers. "Cumulatively, till now we've invested close to Rs 50 crore in this business and going forward we are ready to put in up to Rs 200 crore in less than next 12 months," Mehta told PTI. The fresh investments will go into setting up of charging network for the company's products, which will later be opened up to other brands. The investments will also be used on new products, including upgrading of HOP's low-speed electric scooters to high speed, besides the EV park which will also have a new production unit, he added. The new plant at Neemrana
Electric vehicles are set to take India by storm. Foreign as well as domestic companies have lined up a host of variants. The stage is set for the electric vehicle revolution in India. Here's more
Transition to EVs is one big step towards turning to non-polluting machines. But how will this transition affect the auto component sector which depends on internal combustion engines? Let us find out
Mandated battery standards are becoming imperative if India is to accelerate the transition from traditional vehicles
Tata Motors had challenged the tender Brihanmumbai Electric Supply & Transport awarded to Evey for supplying 2,100 electric buses
The expert committee has found that the EV manufacturers offered no mechanism to identify overheating of cells and isolate failed battery cells
This is the second such incident occurring at the Gurugram-headquartered EV maker's showroom in the recent past as earlier in April this year one of its outlets in Tamil Nadu was engulfed in flames
The deployment of 10,000 units makes this the biggest ever EV fleet order in India
The auto component industry, which has traditionally relied on engine parts for the bulk of its business, is ready for the electric shift
Chennai-based startups use EV and augmented alternative communication to offer solutions that allow their special customers to lead much more normal lives than they could otherwise
The company plans to have five to six products in the high-speed electric scooters segment after two years
The company employs around 350 employees with 20 people in the leadership role, Omega Seiki Mobility (OSM) said, adding that it plans to scale up its workforce by 2,000 people by the next fiscal year
How are power outages affecting Indian industries? Why did Tata Sons choose Campbell Wilson to lead Air India? How have asset classes fared in 2022? What is range anxiety among EV buyers? All answers