As infrastructure improves, more Indians are willing to travel green
The collaboration aims to make EVs more accessible by allowing customers to rent batteries at a minimal usage-based cost, reducing overall running costs compared to traditional ICE vehicles
This strategic move by Tata Motors comes amid industry-wide challenges in the EV market, including a decline in sales and increased competition
Mexico's federal government, under pressure from the US, is keeping Chinese automakers at arm's length
Trump also said on Monday he would take steps to discourage exports of vehicles produced by the Detroit Three automakers and others from Mexico for US consumers by imposing new tariffs
The funds will be used to scale up the production of Simple Energy's e-scooters, the Simple One and Simple Dot One
R&D will help lower import dependence
China accounted for over 60 per cent of the total, as rising availability of electric vehicles and strong sales by BYD contributed to an increase
The government has repeatedly called on the European Union to cancel its tariffs, expressing a willingness to negotiate
Shares of Rivian surged about 50 per cent in extended trade after the announcement
The findings come just after the European Union announced it will hike tariffs to as high as 48 per cent on vehicles imported from China
Demand combination of upfront capex backing and PLI
China has become the world's largest auto market and sells more electrified vehicles than any other country, with 9.5 million cars delivered last year
The Kia EV3 SUV is the company's first electric vehicle to feature an artificial intelligence powered voice assistant, backed by OpenAI's ChatGPT
The global market for electric passenger vehicles is concentrated in three areas: China, the US, and Europe, which accounted for 95 per cent of global electric sales last year
MG Motor India on Thursday said it has partnered with the Epsilon Group for EV charging solutions and battery recycling. As part of the collaboration, the automaker has signed an MoU with two Epsilon Group subsidiaries - Power EV, for charging solutions and LICO, for battery recycling and second-life expertise. As per the agreement, Power EV will provide Custom Charging technology to develop AC and DC charging solutions for charging solutions for MG's EVs. Through active involvement in the MG charge initiative deploying 1,000 charging points in 1,000 days within residential communities and apartments across India Power EV aims to bolster the existing public charging network by expanding the availability of AC chargers and introducing high-capacity DC charging options, MG Motor India said in a statement. LICO will assist MG Motor India in its Extended Producer Responsibility (EPR) obligations by providing comprehensive battery recycling and certification services, it added. "Our
New policy may force the industry to live without subsidies
The announcement is the latest sign of softening demand for EV trucks. General Motors in October postponed the opening of a $4 billion electric truck plant in Michigan for a year
Tata Motors on Friday said it has commenced production at its new production facility at Sanand in Gujarat. Tata Passenger Electric Mobility Ltd, a unit of Tata Motors, had acquired the facility from Ford India for Rs 725.7 crore in January last year. "We have successfully retooled the factory in the shortest span of 12 months, taking it to a new level to accommodate a wide range of existing products and future new models to come," Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility (TPEM) MD Shailesh Chandra said in a statement. The facility will play a pivotal role in steering Tata Motors, especially TPEM, towards achieving newer feats, he added. "With existing capacities near saturation, this new facility will unlock an additional manufacturing capacity of 3 lakh units per annum which is scalable to 4.2 lakh units per annum," Chandra said. The plant, which would be the company's second in Gujarat, would roll out both Internal Combustion Engine (ICE) and electric
The company had said the strong demand continues with its net order book position of electric buses standing at 8,209 numbers after delivering 214 buses in H1.