Page 129 - Electric Vehicles

Top carmaker Maruti Suzuki hopes govt will support green tech beyond EVs

India's taxes on hybrid cars range as high as 43%, compared to the low rate of 5% for EVs, which also stand to benefit from billions of dollars in incentives to companies that build them domestically

e-Scooter maker Ather says high costs pushing back profit timeline

Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company's path to profit despite high demand for its vehicles

Maruti takes the road to electrification with strong hybrid Grand Vitara

Grand Vitara will go on sale in September with prices expected to start at Rs 9.5 lakh

Blackrock, Mubadala to invest in Tata's renewable arm via rights issue

Unlisted firm Tata Power Renewables Energy plans to raise Rs 6,000 cr; Both Blackrock and Mubadala had invested $525 million this April for 10.5% stake

Over 1.3 mn electric vehicles in use in India: Centre tells Lok Sabha

The government told the Lok sabha that a total of 1.3 million electric vehicles are in use across the country

Godi India to bring out first domestic made lithium-ion cell by August

Signs public private partnership deal with CSIR-CECRI to run an advanced Lithium-ion cell manufacturing unit in Chennai; plans to invest $3 billion over next five years

TI Clean Mobility to acquire 65% in IPL Tech Electric for Rs 246 cr

The deal would be done through a combination of primary and secondary purchases of shares

Indian, Israeli companies sign MoU to produce aluminium air batteries

Leading Indian and Israeli companies have teamed up to create cutting edge aluminium-air batteries for Electric Vehicles that could make its adoption easier in India by extending its driving range without the need for charging infrastructure, reduce battery imports, and also give a boost to the Atmanitbhar Bharat initiative by enhancing energy security. Aditya Birla Group's metal flagship, Hindalco, has signed an MoU with Phinergy, a leading Israel-based pioneer in metal-air battery technology, and IOC Phinergy Private Limited (IOP) - a joint venture between Phinergy and Indian Oil Corporation, to create aluminium-air batteries for electric vehicles (EVs), a joint press release by the companies said on Monday. According to the MOU, Phinergy and IOP will partner exclusively with Hindalco in India on R&D and pilot production of aluminium plates for Aluminium-Air batteries, and recycling of aluminium, after usage in these batteries. In the Aluminium-Air battery, developed by ...

General Motors' Mary Barra confident of taking on Tesla in EV fight

The economy is a bit wobbly, but General Motors CEO Mary Barra isn't backing off of an audacious prediction: By the middle of this decade, her company will sell more EVs in the US than Tesla

Did Buffett and Munger see the one wrinkle in BYD's stellar performance?

After years of sitting on an over 20 per cent stake in China's BYD Co, Warren Buffett's Berkshire Hathaway may be mulling an exit

Ola CEO Bhavish Aggarwal dwells on plans to build electric sports car

Ola Electric aims to become a vertically integrated e-mobility player across two-wheelers and passenger cars; sees a $1 trillion opportunity at a volume of 155 million units

Ola CEO shares plan on sports car, upcoming update for e-scooters

Ola Founder and CEO Bhavish Aggarwal has announced that his company is planning to bring a new electric sports car for Indian consumers.

Swapping batteries: How India is moving ahead with adoption of EVs

Across the Indian capital's dense localities, battery swapping stations are becoming a frequent site at local provision stores and small retail outlets

2-wheeler stocks in top gear as chip woes ease; EV transition key: Analysts

Analysts expect 2Ws to reflect strong volumes in Q2FY23 amid strong pent-up demand, and improved mobility in June quarter 2022 (Q1FY23)

EV ride-hailing firm BluSmart close to raising $250 mn from Bp, others: CEO

NEW DELHI (Reuters) - The chief executive of Indian ride-hailing start-up BluSmart Electric Mobility has said it is close to raising $250 million from investors including BP's venture capital division.

Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis

The SoftBank-backed company expects to turn cash-flow positive in three quarters and highlighted that it has more than 60,000 scooters on the road, according to a Kotak Institutional equities report

DMRC to soon roll out its first e-auto service; first lot of 50 from Dwarka

The decision has also been taken as the Delhi Metro Rail Corporation (DMRC) is finding running of its feeder buses "less viable" due to "under utilisation", they said.

Have made India's first indigenously made lithium ion-cell, says Ola

Mass production to begin in 2023 at upcoming Gigafactory; firm says use of specific chemistry and materials enables the cell to pack more energy, improves its overall life cycle

Ola Electric unveils indigenous Li-ion cell; mass production from 2023

Ola Electric noted that it is committed to invest in core R&D to create indigenous advanced cell technologies, strengthen manufacturing capabilities and create an integrated Ola Electric vehicles hub.

Hyundai Motor to build dedicated electric vehicle plant in South Korea

The planned EV plant is part of Hyundai Motor Group's plans announced in May to invest 63 trillion won ($49.8 billion) in its domestic businesses by 2025.