'MG Motor India has yet to finalise how much money it plans to raise, which will depend on the valuation of the Indian business and its growth plans'
State of Brandenburg to hold press conference on Friday; Tesla's Berlin gigafactory has faced several delays, factory key to Tesla's ambitions in Europe
When fossil fuel prices rise, consumers start to take electric vehicles and clean energy alternatives more seriously - not just for their environmental benefits but in hopes of eventually saving cash
The centre in Bangalore will be a new hub for the two companies to develop crucial EV systems, such as battery management systems and motor control units
Ford is splitting its electric vehicle and internal combustion divisions into separate businesses. The automaker said Wednesday that its plan includes two distinct, but strategically interdependent, auto businesses Ford Blue focusing on traditional combustion engines and Ford Model e, which will develop electric vehicles. Ford is already developing electric vehicles like the Ford GT, Mustang Mach-E SUV and F-150 Lightning pickup and it operates an EV division in China. Ford also has Ford Pro, which serves as a one-stop shop for commercial and government customers with a range of conventional and electric vehicles and a full suite of software, charging, financing, services and support on Ford and non-Ford products.
The Seoul-based automaker said it aimed to achieve an operating profit margin of 10% or higher in EV business by 2030
The Seoul-based automaker said it aimed to achieve an operating profit margin of 10% or higher in EV business by 2030
When regions of the world are hit by natural disasters, Tesla has been known to offer free Supercharging in those regions to give one less thing for people to think about when moving away from danger
Only 30 units were allotted for India in the first batch
Industry sources say players like NTPC, Olectra, JBM Auto and Green Cell Mobility too are keen on this technology. If it works, it will give a huge push to the planned EV expansion in urban India
Shares of Ford, which is based in Dearborn, Michigan, fell 2% to $16.95 Wednesday. They have lost about one-third of their value since hitting a 2022 high on Jan. 14.
Plans to invest Rs 2,000 crore over the next five years as it seeks to build a portfolio of EVs in the last-mile mobility segment
Elon Musk-run Tesla has agreed to pay a $275,000 penalty for violating the Clean Air Act at its electric vehicle (EV) manufacturing plant in Fremont, California.
As part of the collaboration, the two entities will first establish a substantial charging infrastructure at the existing nationwide energy station network
Organisations need to adapt to new models and unconventional thinking going ahead, Hero MotoCorp Chairman and CEO Pawan Munjal said
By focusing on EV production over charging networks, the government may have delayed the mass adoption of clean energy transport
Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official. The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like CNG, hydrogen and electric for its commercial vehicles range. The company has already announced a USD 200 million (nearly Rs 1,500 crore) investment through its UK-based arm Switch Mobility for electric mobility. The commercial vehicle company aims to expand its electric vehicle portfolio as well as develop new engines keeping in mind the changing market requirements in the domestic as well as international markets. "In Spain, we are coming up with a manufacturing facility and R&D centre and there are plans to grow this over the next few years. In India, we will be optimising the facilities that are available with Ashok Leyland. "But I'm sure very soon we
Efforts by the government resulted in 2.5 times increase in charging stations in Surat, Pune, Ahmedabad, Bengaluru, Hyderabad, Delhi, Kolkata, Mumbai, and Chennai in the last four months
Bharat Petroleum Corporation Ltd (BPCL) has launched 10 EV fast-charging corridors on the 900-km long ChennaiTrichyMadurai highway.
IndianOil is gearing up to provide EV charging facilities at 10,000 fuel stations in the next three years, said Director, Marketing V. Satish Kumar