Page 111 - Electric Vehicles

Global investment in electric vehicle charging approaches $100 billion mark

Cumulative investment globally probably will pass the $100 billion mark in 2023 if China keeps up its relentless pace

Ola gears up to take on M&M and Tata Motors with electric CV plan

Likely to launch three-& four-wheeler commercial vehicles next year

Govt vehicles to be replaced with EVs in Himachal Pradesh: Officials

The government of Himachal Pradesh has decided to replace all diesel and petrol-run vehicles with electric-run vehicles in government departments in a phased manner during the next five years

Shriram Pistons to acquire majority stake in EMFi to foray into EV space

Auto component maker Shriram Pistons & Rings on Friday said its unit will acquire a majority stake in electric motor design and manufacturing firm EMF Innovations to foray into the electric vehicle mobility space. SPR Engenious Ltd (SEL), a wholly-owned subsidiary of the company, is slated to acquire the stake. The financial details of the deal were not disclosed. EMF Innovations (EMFI) is co-founded by engineering entrepreneurs with substantial R&D and operations in India and Singapore. Shriram Pistons & Rings (SPRL) Managing Director & CEO Krishnakumar Srinivasan said that with this strategic investment, the company aims to expand its presence in electric vehicle (EV) space to supply electric powertrain components, such as motor and controller, covering all the vehicle segments from two-wheelers, three-wheelers, passenger vehicles and commercial vehicles. The alliance will also offer the potential for SPRL (through SEL) and EMFI to collaborate and partner to serve ...

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Tesla stock slips as CEO Musk sells another $3.58 billions of shares

Shares of Tesla are sliding before the market open on Thursday after news broke that CEO Elon Musk sold another USD 3.58 billion worth of the electric vehicle maker's stock this week. The stock slipped to USD 153 in premarket trading and is nearing two-year lows. Musk, the new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the U.S. Securities and Exchange Commission. It wasn't clear where the proceeds were being spent. Musk has sold nearly USD 23 billion worth of Tesla stock since April, with much of the money likely going to help fund his USD 44 billion acquisition of Twitter. Early last month he sold nearly USD 4 billion worth of Tesla shares, according to regulatory filings. The sale comes as shares of the electric vehicle and solar panel maker have collapsed, losing over half their value since Musk first disclosed in April that he was buying up Twitter stock. Wedbush analyst Dan Ives said in a client note that .

All charged up: 5 bidders in fray for India's largest electric bus tender

18 bids received for electric buses in eight slots based on bus size, specifications and state transport undertakings

M&M to invest Rs 10,000 cr to set up plant in Pune for upcoming EV range

Mahindra & Mahindra Ltd on Wednesday said it will invest Rs 10,000 crore in the next 7-8 years in the manufacturing and development of electric vehicles at Pune, Maharashtra. The investment of Rs 10,000 crore for electric vehicles has been approved under the Maharashtra government's industrial promotion scheme for electric vehicles, M&M said in a regulatory filing. "The company, through its subsidiary, will make investments of approximately Rs 10,000 crore over a period of 7-8 years for setting up the manufacturing facility, development, and production of Mahindra's upcoming Born Electric Vehicles (BEVs)," it added. Some of these BEVs were showcased in Oxfordshire, UK, on August 15, 2022, it added. These electric SUVs are based on the INGLO EV platform and will be launched under the XUV brand and the all-new electric-only brand 'BE'. M&M Executive Director, Auto & Farm Sectors Rajesh Jejurikar said, "The government's focus on 'ease-of-doing-business' and progressive ...

40% of all vehicles sold will be electric by 2030, says Bain & Co report

Report estimates that 4-5 million EVs will be sold across segments in 2026

Mahindra CEO sees US entry for new electric vehicles at least 5 years away

A US market entry "could likely be longer than five years because we have to win in some of our key markets first," including Europe, he added

Move to block Rs 1,100 crore subsidy for EV players arbitrary, says SMEV

Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations

Rivian EV puts hold on partnership for electric vans with Mercedes-Benz

Electric car-maker Rivian has put a pause on plans to co-develop multiple new electric delivery vans with luxury German automaker Mercedes-Benz

Need to promote flex-fuel vehicles to deal with crude oil prices: Gadkari

Transport and Highways Minister Nitin Gadkari has said that the country needs to promote vehicles running on more than one fuel and e-vehicles to tide over the wide fluctuations in crude oil prices

Bharat Forge: Diversification, lower input costs should reap benefits

Bharat Forge is the largest exporter in forgings components globally, with around 60 global customers and about 68 per cent of its revenue from exports

Stellantis to shut key Jeep Cherokee plant in US, lay off 1,200 in EV era

Stellantis said that the plant, which produces the Jeep Cherokee SUV, will cease production as of February 28

Not worried about being late in launching e-scooter: Yamaha India Chairman

Eishin Chihana tells Business Standard that his company wants to ensure quality and safety first

MIAL announces setting up of 6 fast EV charging stations at Mumbai airport

Mumbai International Airport said on Friday it has set up six fast Electric Vehicle (EV) charging stations at the facility as part of its plan to become carbon neutral. These public charging stations, installed at Terminal-1 and Terminal-2 will cater to both the passengers as well as the guests visiting the CSMIA, Mumbai International Airport Limited (MIAL) said in a statement. It also said that Chhatrapati Shivaji Maharaj International Airport Ltd (CSMIA) has commissioned these charging facilities at the multi-level car parking at Terminal 1 and Terminal 2 as well as on the airside. For privately owned EVs, commuters using the charging facility in the two parking areas would be billed only for charging sessions, it added.

Tesla to suspend output at its China factory partly due to slowing demand

Consumer demand for cars in China has been dented by the country's still strict approach to Covid

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Ather Energy, Greaves Cotton exit EV association SMEV, choose Siam

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol