Page 49 - Electric Vehicles

Hero Electric resumes production, seeks up to Rs 200 crore to rev up output

Sources close to the firm indicate that Hero Electric has rejected claims from a segment of its 800 dealers, who allege that the company owes Rs 500 crore in advances for electric two-wheelers

M&M in talks with Kerala govt to set up electric vehicle manufacturing unit

Earlier in the day, M&M issued a clarification, calling the reports on its Gujarat plans untrue

How 2W market incumbents Bajaj and TVS are flexing their electric muscle

Bajaj and TVS appear to have picked up the gauntlet, taking on Ola in the sub-Rs 1 lakh e2W market - a segment they had kept away from and where Ola reigned supreme

South Korea to require EV makers to disclose battery brands after fire

Automakers in South Korea currently need to disclose certain information about vehicles, including size and fuel efficiency

Valuations factor in strong earnings growth, better margins for TVS Motor

The strong earnings growth and margin improvement are reflected in the current valuation of 44 times price to price-to-earnings ratio on FY25 earnings

Epsilon Advanced Materials seeks US trade pact for EV battery compliance

The IRA offers various incentives to accelerate EV adoption in the automotive industry. If signed, the agreement could position India as a key hub for global battery material exports

EVs, hybrid vehicles set to exceed China's 50% car sales for first time

Sales of electric vehicles and plug-in hybrids, which are counted under the category of new energy vehicles in China, rose to 879,000 units, making up 50.8 per cent of total sales

Tesla recalls 1.68 mn EVs in China to repair faulty latches free-of-cost

Tesla's recall notice says that an unlocked trunk lid could open during driving, interfering with the driver's vision

Tata Motors, Tata Power partner to boost EVs, solar power adoption

Two Tata Group companies will provide comprehensive solutions that include the purchase of an electric vehicle and the installation of a solar rooftop system

EV sales rose 55.2% to 179,000 units in July led by two-wheelers : FADA

Electric vehicle sales registered a 55.2 per cent on-year growth at 1,79,038 units in July driven by a massive 96 per cent jump in e-two-wheeler sales, automobile dealers' body FADA said on Tuesday. The total electric vehicles sales for July 2023 were at 1,16,221 units, according to the monthly sales data from Federation of Automobile Dealers' Association (FADA). The electric two-wheelers sales during the previous month stood at 1,07,016 units, up 95.94 per cent, from 54,616 units sold in July last year, while the electric three-wheeler sales grew 18.18 per cent at 63,667 units, from 58,873 units year earlier, as per FADA. The commercial vehicle sales during the reporting month was also on an upward trajectory, growing two-fold on a year-on-year basis to 816 units, from 364 commercial vehicles sold in July 2023, it stated. Passenger vehicles, however, declined 2.92 per cent at 7,541 units in July, as against 7,768 units in the same month of last year, as per data. "The rising mark

As EV subsidies transition from FAME to EMPS, how is the industry coping?

The industry witnessed a decline after the expiry of FAME-II, despite the introduction of EMPS

River Mobility plans to scale up ops; aims to open 100 stores by March

Bengaluru-headquartered electric vehicle startup River Mobility Pvt Ltd backed by marquee investors Yamaha Motor Corp, Mitsui & Company Ltd, aims to open 100 showrooms by March 2026, a top official said. The company under its expansion drive inaugurated its first store in Chennai and plans to open 15 more stores by November and 50 stores by March 2025 Chief Executive Officer, Co-Founder Aravind Mani said here. "We are very excited about the Chennai store. We have a lot of people from Tamil Nadu working in our facility (located outside Bengaluru). Chennai is a big EV market. The first store in Chennai is also the company owned operated store." Mani told PTI. Elaborating about the expansion plans, he said the company would open more retail showrooms in Chennai over the next one year and the second store in Tamil Nadu would come up in Coimbatore. "That is getting ready and Chennai will have at least four stores in the next one year." he said. Briefing about the company which ...

JLR unlikely to leverage EV policy for now: Tata Motors on new EV policy

Expects incentives for 4W fleet to continue in FAME III

Discounts by OEMs, EMPS deadline rev up electric vehicle sales in July

Sales in July highlight a positive outlook for the remainder of the year, reflecting a growing consumer interest and the impact of strategic market incentives, sector experts said

Ola Electric IPO: E2W maker raises Rs 2,763 cr from anchor investors

Investors include SBI MF, Templeton, Amundi, Goldman Sachs

JSW MG Motor India christens first electric CUV model as MG Windsor

JSW MG Motor India on Thursday said it has named its first CUV electric vehicle as MG Windsor. In November, China's largest automaker SAIC Motor inked a joint venture agreement with JSW Group to accelerate the transformation and growth of MG Motor in India. MG Motor is a British brand that is owned by Shanghai-headquartered SAIC Motor. "We are excited to reveal the name of our upcoming CUV (Crossover Utility Vehicle) as MG Windsor. Windsor Castle is renowned worldwide. "The advanced tech offerings and the futuristic aerodynamic exterior further add to the appeal of the car. The MG Windsor caters to consumers who seek the best of both worlds comfort of a sedan and the expanse of an SUV," Satinder Singh Bajwa, Chief Commercial Officer at JSW MG Motor India, said.

Ola Electric to focus sharply on two-wheelers, cars not on agenda

The country's largest electric two-wheeler player is going for the biggest IPO of the year so far, aiming to raise Rs 6,146 crore

Maharashtra, Tamil Nadu lead the race for Tesla's manufacturing unit

Gujarat also in list, if govt rolls out sops; in talks to rope in local partners

Electric 2W player Ola Electric sets IPO price band at Rs 72-76 per share

Volume growth, vertical integration would be the main pillars for improving its margins, founder and CEO Bhavish Aggarwal told reporters on Monday

Bajaj Auto-powered electric mobility company Yulu eyes global ride

It plans to pedal overseas with a Bajaj product and accelerate into India's e-commerce space with a high-speed two-wheeler