Page 21 - Electric Vehicles

Ola again makes it to top spot in sales in April; e2W market share at 22.4%

The impact of the government subsidy on escooters, which has been halved to ₹5,000 from April 1, is clearly taking its toll on overall sales of e2Ws

New Maharashtra EV policy aims to strengthen charging infrastructure

With outlay of ₹1,995 cr, state is targeting 30% EV registrations by 2030

Delhi HC orders status quo on 95 more EVs leased to Gensol, BluSmart

Appoints court receiver for upkeep, maintenance of cars, asks Gensol, BluSmart to not interfere

Stake in SML Isuzu, M&M eyes e-bus foray soon, 21% share in LCV bus segment

M&M has entered into an agreement to acquire 58.96% in SML Isuzu for Rs 555 crore

Eka Mobility aims to manufacture 10,000 e-buses annually by FY27

According to Mehta, Eka plans to bring in a new product every six months across its commercial vehicle (CV) segments

Ahead of listing, Ather Energy bullish on driving past rivals in e2W market

The electric scooter maker cited nine-month performance as proof of strength amid rising EV competition

Centre plans to procure 14,028 electric buses in multiple tranches

The Centre has received a demand of 15,400 e-buses from four states (Gujarat, Telangana, Karnataka and Delhi,) of total 7, including around 2,500 from Delhi

Maruti Q4FY25 results: Net profit drops 4.3% amid tepid car sales

MSIL chairman R C Bhargava said that the larger part of the sales growth is being recorded in the rural market

Ather Energy garners Rs 1,340 cr from anchor investors ahead of IPO

Electric two-wheeler maker Ather Energy Ltd on Friday said it has mobilised Rs 1,340 crore from anchor investors days ahead of the launch of its initial share sale for public subscription. The Ather Energy IPO opens for public subscription on April 28. Some of the key anchor investors who were allocated shares include Custody Bank of Japan, Franklin Templeton, Abu Dhabi Investment Authority, Eastspring Investments, Morgan Stanley Investment Management and Societe Generale. PSBI Mutual Fund (MF), Aditya Birla Sun Life MF, ICICI Prudential MF, Invesco MF, Aditya Birla Sun Life Insurance, ITI MF and Union MF are among the anchor investors. According to a circular uploaded on BSE's website, the electric two-wheeler maker has allotted 4.17 crore shares to 36 funds at Rs 321 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 1,340 crore. The Rs 2,981-crore public issue, with a price band of Rs 304 to Rs 321 a piece, will be available for pu

India's PV volume to cruise past 5 million in FY26 despite slow growth

As volume growth slows, original equipment manufacturers (OEMs) will rely on premiumisation and better product mix to protect margins

Maruti Suzuki plans up to $1 bn capex for new EV launch, higher exports

The company is already India's biggest exporter of cars, and the e-Vitara key will be key to further boost its overseas shipments, which it plans to grow by 20% in the current fiscal year

Stellantis to launch Leapmotor EVs in India to boost mobility drive

The entry of the Leapmotor brand into the market aligns with Stellantis' ambition to drive innovation and expand its EV footprint in one of the world's fastest-growing automotive landscapes

EV car policy may be tweaked based on free trade agreement outcomes

The Centre notified SMEC in March last year to turn India into a hub of electric vehicle (EV) manufacturing

Tesla rival VinFast plans to open India plant by end of June, says CEO

VinFast, the Nasdaq-listed global rival of American EV giant Tesla, had selected Thoothukudi in Tamil Nadu for its $2 billion facility

Ex-Tesla hand steers San Fransisco-based Zeno into India e-motorcycle race

First model to roll out at mass-market prices by Q4 2025

IPO-bound Ather Energy banks on upcoming Maharashtra unit for growth

Sets price band of Rs 304-321 per share for IPO which opens on April 28

Xiaomi postpones release of first SUV following fatal road accident

The delay sets back Xiaomi's $10 billion EV project, which billionaire co-founder and Chairman Lei Jun has described as his last startup endeavor

Ather Energy sets IPO price band in range of ₹304 to ₹321 per share

The Tiger Global-backed company trimmed its IPO size on Tuesday to ₹2,626 crore ($308.3 million), down from its initial aim of raising ₹3,100 crore

Here's why Huawei's expansion in smart driving stirs competition, scrutiny

In the EV era, companies are reconfiguring how cars are designed and function. The "brains" of a vehicle have a power that extends way beyond cruise control, emergency braking or parking sensors

India's push for electric scooters, tuk-tuks fuels battery swapping market

Now growth in sales of battery-powered two-and-three wheelers, favored by tuk-tuk operators, gig workers and for quick-commerce delivery fleets, is finally giving the sector some momentum