Page 156 - Electric Vehicles

Hero MotoCorp Q2 net profit declines 22% to Rs 748 cr; revenue falls 10%

The firm said its electric vehicle (EV) project is in the advanced stages

Record fuel costs push scooter-loving Indians to opt for electric models

At current prices, even the most fuel-efficient two-wheeler guzzles gasoline worth more than Rs 100 ($1.3) for a 100-km ride

Ashok Leyland inducts Shom Ashok Hinduja as additional director on board

The appointment based on the recommendation of the nomination and remuneration committee, is subject to the approval of the shareholders

Porsche launches all-electric Taycan range in India; starts at Rs 1.5 cr

German luxury sports carmaker Porsche on Friday launched its all-electric Taycan range in India with price starting at Rs 1.5 crore along with the latest version of its compact SUV Macan

Apple supplier Foxconn buys Ohio EV factory for $230 million

Apple's largest manufacturing partner Foxconn is moving ahead with a plan to acquire a Lordstown Motors vehicle assembly plant in Ohio for $230 million, the companies have announced

EV charging platform ElectricPe raises $3 million funding in a Seed Round

Electric Vehicles (EV) charging platform, 'ElectricPe', on Thursday announced that it raised a Seed Round of USD 3 million, led by Blume Ventures and Micelio Fund

Convergence Energy inks deal with Marriott for charging infra at its hotels

Over the next two months, CESL will be installing EV charging units across 37 Marriott hotels and will gradually expand to 100 hotels within a year

TVS Automobile's Ki Mobility Solutions forays into electric vehicles

Ties up with eight EV manufacturers, including Okinawa and Boom Motors

Electric three-wheelers rev up for rapid growth in India's EV market

Manufacturers hitch a ride on this fast-growing segment of the EV market, which is leading the electric mobility charge

Ford, Purdue partner on technology to speed up EV charging

Ford and Purdue University are partnering to develop a new charging station

Govt working on steps to push electric vehicle sales, says Nitin Gadkari

The Road Transport and Highways minister observed that due to technological development, the cost of electric vehicles will drop in India

CESL inks MoU with Marriott International to develop EV charging units

State-owned Convergence Energy Services Ltd (CESL) on Wednesday said it has signed an agreement with Marriott International to develop electric vehicle charging units and related infrastructure

Global carmakers now target $515 billion for electric vehicles, batteries

Less than three years ago, a similar analysis by Reuters found car companies planned to spend $300 billion on EVs and related technologies

Is your EV eco-friendly? Look at its grid makeup and time of charging

Countries where charging an electric vehicle is over 85% cleaner than driving a gasoline-powered car tend to be those with a consistent low-carbon energy supply source

Electric vehicle sales set to jump 80% in 2021: Report at COP26

The Factbook documents the progress that has been made towards global net-zero emissions in the road transport sector, and shows that the future is brighter than ever for zero-emission vehicles

M&M draws aggressive 6-year plan for auto and farm equipment segments

Plans to launch 13 new SUVs by 2027, including eight EVs. By then it also sees at least 20% of total SUV volumes coming from EVs

Mahindra & Mahindra plans to launch 16 EV models by 2027

Homegrown auto major Mahindra & Mahindra on Tuesday said it plans to launch 16 electric vehicles (EVs) by 2027 across SUV and light commercial vehicle categories to strengthen its leadership position in India's electric mobility segment. The company, which has set a cumulative revenue growth target of 15-20 per cent by 2025, is keeping its options open to either bring in private equity investors or carve out its EV business into a separate entity to drive its growth. M&M, which has already announced plans to invest Rs 3,000 crore in EVs, is also considering a new brand name for the electric SUVs that it will launch by 2027. "In SUV, we are looking at 13 new launches by 2027 of which eight will be electric. We think by 2027 we'll be ready for at least 20 per cent of the total UV (utility vehicles) volumes coming from electric vehicles," M&M Executive Director Rajesh Jejurikar told reporters in a virtual earnings conference. Four of the new electric SUVs are expected between

Oil PSUs to set up 22,000 EV charging stations in the next 3-5 years

IOC, the country's largest state-controlled refiner by capacity, will set up EV charging facilities at 10,000 fuel outlets over the next three years, Chairman Shrikant Madhav Vaidya said

M&M sees chip crunch easing in 2022, eyes options for EV business

The automaker also said with better availability of semiconductors, it hopes to maintain volume growth momentum from the third quarter onwards

Battery Smart raises $7 million in pre-Series A funding round

EV battery swapping network Battery Smart on Tuesday said it has raised USD 7 million (around Rs 52 crore) in a pre-Series A round from a clutch of investors of Blume Ventures and Orios Ventures. The fresh capital will be deployed for strengthening the startup's battery assignment technology, scale its operations to service 10,000 electric vehicles daily, and expand to three new states by this fiscal, a release said. The other investors who participated in the pre-Series A round include Green Frontier Capital, Baring Private Equity India, and angel investors such as Srinivas Anumolu (Founder - Elance, TutorVista, Bigbasket, Bluestone), K Ganesh (Serial Entrepreneur & Partner - GrowthStory.in), Niraj Singh, (Founder and CEO - Spinny), and Amit Bhasin (Co-Founder - GoMechanic), it said. Besides, alternative debt platform TradeCred, India's leading alternative debt also participated as a debt partner with Rs 24 crore investment, the startup said in a release. Co-founded by serial ...