Page 6 - Electric Vehicles Sales

Ola Electric slashes sales goals by over half ahead of planned IPO: Report

The scaling back of Ola's targets comes ahead of its $700 million stock market debut plan, even though the SoftBank-backed company, continues to lead the small yet fast growing e-scooter market

Tata Motors November sales: Overall sales drop 1% YoY to 72,647 units

Tata's commercial vehicle sales stood at 28,029 units in November 2023, which was down 4 per cent year-on-year from 29,053 units sold in November 2022

Gensol Engineering's first electric vehicle to roll out by January 2024

3W, 2-seater Reverse Troika to be introduced in the BluSmart fleet

Govt mulls subsidising carmakers investing in local EV production

The government plans to extend incentives to carmakers based on the investments they make to manufacture cars locally, an official aware of the development said

China warns EU steel probe will disrupt global supply chains, push up costs

The European Commission recently launched an investigation to decide whether to impose punitive tariffs to protect EU producers against cheaper Chinese electric vehicle imports

20% cars sold in metros run on alternate fuels; sales doubled in last 3 yrs

Given the growing acceptance of hybrid and electric vehicles, the combined share of diesel and petrol vehicles has taken a hit and gone down by 8.27% and 4.64% in urban and rural markets, respectively

Refex Group to invest Rs 1,300 cr in unit catering to business travel

Green mobility unit to uses electric vehicles to transport corporate workers

What ails the electric vehicle minnows? Branding, cost competitiveness

A quiet EV revolution is both promising, and pensive

India charges ahead on the global electric vehicle map, shows Gartner data

Electric buses and vans will record 0.2 million shipments each in 2023, according to the forecast for this year

Economies of scale to take electric-bus penetration above 70% by 2030

India is expected to become one of the world's major electric vehicle markets by 2030, growing at a 49 per cent compound annual growth rate (CAGR) between 2021 and 2030

Registration of electric vehicles restarted in Delhi: Kailash Gahlot

Delhi Transport Minister Kailash Gahlot on Wednesday announced that the registration of electric vehicles has been restarted and shared that the subsidy benefits of the existing policy will continue till a new one is notified. The Delhi Electric Vehicle Policy was released on August 7, 2020, and according to its clause 3.1, the policy "shall remain valid for a period of three years from the date of issue". The registration of new vehicles was stopped with the policy ending on August 7 this year. However, in an official communication, Gahlot said the process for extension of the electric vehicle policy has been started and the draft Cabinet note has been approved. On Wednesday, Gahlot tweeted, "The registration of electric vehicles at RTOs has been restarted. The subsidy benefits of the existing Delhi EV policy will continue till the new policy gets notified. Under the leadership of Chief Minister Arvind Kejriwal, we are committed to serve the citizens of Delhi." In May, the transp

Tata Motors July sales: Total sales down 1.41% YoY, CV sales down 4%

Domestic sales did not see any noticeable change with a difference of only 134 vehicles YoY

Electric two-wheeler sales get recharged as subsidy cut pain eases

Average daily sales in the first 17 days of July double to 1,702 units from 852 units during the same period in June

EV makers face legal action over wrongful FAME II incentive claims

An official was quoted as saying that the companies that claimed incentives wrongfully under FAME II would have to pay them back first

Huge opportunity in electric tractors, trucks: Tube Investments of India

Engineering company Tube Investments of India Ltd is looking to tap a huge opportunity for electric tractors in agriculture and e-trucks in the commercial vehicles as it eyes a larger presence in the electric vehicle segment. The company, part of the diversified conglomerate Murugappa Group, is currently engaged in the manufacturing of e-tractors at its facility in Apex Park in Chennai and for e-trucks in Manesar in Haryana, Executive Chairman M A M Arunachalam said. "The automotive sector in India is shifting towards sustainable mobility. Environmental mandates to reduce CO2 emissions are driving countries towards the adoption of cleaner, non-fuel, non-polluting modes of transportation," he said. Electric vehicles have emerged as the forerunner of the clean and green transportation mission with wide global adoption, the senior official said. Tube Investments of India forayed into the electric vehicle business with the acquisition of 65.2 per cent stake in IPLTech Electric Pvt Ltd

Centre calls alleged FAME scheme defaulters for hearing from July 13

Either return subsidy or face legal action: Govt to firms

Maruti takes an offensive stance in EV space, to launch 6 EVs by 2030-31

So far, Maruti Suzuki has shown little interest in launching electric powertrain vehicles and has advocated hybrid and CNG technology as better alternatives

10% of country's fuel pumps now offer EV charging facilities, IOCL leads

5,600 IOCL pumps offer EV charging facilities which come at about 15 per cent of its total 36,400 fuel pumps across the country

MG Motor 3.0 to push for Indianisation, green tech, capacity expansion

MG entered the Indian market in September 2017 by taking charge of General Motors' old plant in Halol. The plant has acted as MG's manufacturing hub for the last four to five years

MG's Comet enters EV space at Rs 7.98 lakh, all that you need to know

The Comet EV will be available for test drives from today, April 27 and the bookings will open on May 15