Page 25 - Electric Vehicles

EV major Ola Electric lays off over 1,000 employees amid mounting losses

SoftBank-backed Ola Electric has laid off over 1,000 employees as part of a restructuring move to cut costs and improve margins, even as it struggles with mounting losses and rising competition

Here's why Chinese EV makers are facing reality check in Southeast Asia

While Southeast Asia's upwardly mobile population may aspire to own EVs, the still-pricey cars are beyond the reach of many

Luxury cars, electric vehicles hit fast lane in the South as demand rises

In 2024 alone, South India saw the highest rise in sales in the luxury segment, with Tamil Nadu reportedly registering a 19.3 per cent increase in premium car registrations from 2022-23

Hero Electric's bankruptcy: EV pioneer faces insolvency over Rs 301 cr debt

Hero Electric, India's first e-scooter maker, enters insolvency under IBC with Rs 301 crore in admitted claims; bidders invited as creditors decide its fate amid EV market growth

Ola Electric sells 25,000 units in February, retains 28% market share

The electric vehicle (EV) maker said this was backed by a strong S1 portfolio and a sales-and-service network of 4,000 stores across the country

Tesla will find it hard to compete with Tata, Mahindra EVs: Amitabh Kant

Tesla will find it hard to compete with Tata, Mahindra EVs: Amitabh Kant

Tesla sales crash in Europe, dropping 45% in Jan as EV competition heats up

Billionaire Elon Musk's increasing involvement in US politics and controversial stance on European leaders may have also attributed to the fall in Tesla sales

Euler Motors joins hands with Tata Power Renewables for fast chargers

Electric commercial vehicle maker Euler Motors on Monday said it has tied up with Tata Power Renewables for fast chargers. As per the long-term Memorandum of Understanding (MoU), Tata Power Renewables will provide fast chargers for the customers of Euler Motors, the company said in a statement. With this, Euler Motors customers will be able to access fast chargers at important high demand locations along their daily routes, it added. The company customers will receive smart cards, allowing seamless and easy access to Tata Power Renewables charging stations, Euler Motors stated. Through this MoU, Tata Power Renewables will install, operate, and maintain fast chargers, ensuring high uptime and reliability, while Euler Motors will facilitate rent-free spaces for Tata Power's chargers, reinforcing the mutual commitment to advancing India's EV ecosystem, it said. "Charging infrastructure is a key ingredient to enable EV adoption, and fast charging is a customer preference as it enables

Tesla entry not a major threat to electric vehicle OEMs, says CLSA

Even if Tesla launches a BEV at $25,000, CLSA feels that features and specifications would be 'meaningfully compromised' compared to its traditional models

Tesla, other cos welcome to invest, manufacture in India, says Piyush Goyal

India welcomes Tesla and also all the other global companies which want to invest and manufacture in the country, Union Minister Piyush Goyal said on Saturday. Replying to a question on Elon Musk-promoted EV maker Tesla's speculated entry into India, Goyal said the American company is welcome to set up a presence in India. It is the give and take which creates mutually beneficial partnerships, the minister said, making it clear that India is not anti-imports. "We welcome Tesla and also all the other global companies who want to invest and manufacture in India," Goyal said. The minister also said that construction activity and vehicle exhaust are the prime reasons for pollution in cities. He assured that the government is committed to reducing pollution, citing efforts like encouraging usage of electric vehicles as a step in the same direction. "In cities, the main reason for pollution is construction and vehicular pollution," Goyal, who handles the Commerce portfolio, said. Switch

Kinetic's EV component biz will be up to Rs 1.5K cr in 4 years: Firodia

Firodia talked about his plans for the EV-components business, and the components business at large for the group

Govt calls for Siam proposals to rev up electric car adoption in India

EV sales growth in India slowed in 2024. About 99,165 electric cars were sold last year, marking a 20 per cent year-on-year (Y-o-Y) increase, according to the FADA

Govt to cap EV charging investment for tariff relief as Tesla's entry looms

India last year announced a policy aimed at attracting Tesla to manufacture EVs in the country and let such foreign carmakers import cars at a 15% tariff

India's EV push needs high-speed trains to match China's adoption rate

If linking trains to EVs seems odd, that's only because the complementary nature of the two modes of transport has gone unexplored

Rs 69K cr capital expenditure to fuel Suzuki's India growth engine

SMC aims for 4 million units of annual manufacturing capacity to meet in India and expand as a global export hub

Number of operational EVs in India likely to cross 28 mn mark in 2030: IESA

The total number of operational electric vehicles (EVs) in India is likely to cross the 28 million-mark by 2030 fuelled by increasing demand and incentives, the India Energy Storage Alliance (IESA) said in a report. India continues to make significant and sustained inroads in its decarbonization journey, with rapid increase in sales of EVs, supported by demand and supply incentives, growing consumer demand, and a focus on developing charging infrastructure, IESA said in a statement. The outlook for electric vehicle sales continues to be positive, driven by increasing environmental awareness, customer interest, advancements in battery technology, and readily available and easily accessible EV charging infrastructure, it said. India's cumulative electric vehicle (EV) sales crossed 4.1 million units in the fiscal year 2023-2024. IESA, a leading alliance focussed on e-mobility, energy storage, and hydrogen, forecast that the cumulative number of EVs in operation will likely cross 28 ..

Tesla to import cars from Germany, not China, as India plans take shape

The Berlin factory, which produces the Tesla Model Y, is now likely to manufacture right-hand drive vehicles for the Indian market

Govt mulls including charging infrastructure in EV investment mandate

The policy, announced in March last year, was widely seen as an attempt to woo Tesla

Can 'Make in India' help Tesla navigate increasing global roadblocks?

After prolonged speculation about Tesla's entry into the Indian market, the Elon Musk-led EV major has begun the process of setting up its manufacturing unit in India

Musk's Tesla may face licensing delays in China amid Trump tariff threats

Chinese authorities may be considering leveraging Tesla's approval process as a strategic tool in ongoing trade negotiations with the US government