Page 12 - Ev Market

Mahindra's SsangYong joins Chinese firm for EV battery development

SsangYong Motor has signed a memorandum of understanding with BYD Auto to develop car batteries and produce battery packs for its models

Boom Motors forays into EV space; rolls out Boom Corbett at Rs 89,999

The bike features a 2.3 kWh- which can optionally be doubled to 4.6 kWh - giving the vehicle a best-in-class range of up to 200 kms

Encouraged by demand, EV makers line up investment, increase capacity

Tamil Nadu leads among the states, expects investment doubling to 40,000 crore in 2 years

Govt to aim for 30% EV sales penetration for private cars by 2030: Gadkari

To fulfill everyday transport needs of a large population, he said his ministry is focusing on the development of efficient and affordable public transport systems

Have asked Tesla to make EVs in India; govt will give all support: Gadkari

The road transport and highways minister said that he is still in dialogue with Tesla officials regarding the company's demand related to tax concessions

Okaya launches electric scooter Freedum with price starting at Rs 69,900

Energy storage solutions provider Okaya Group's EV arm on Thursday launched a new electric scooter Freedum with a price starting at Rs 69,900. The company already sells two electric scooters -- the AvionIQ series and ClassIQ series. Freedum, which would be available with both lithium-ion and lead-acid battery options, will be the company's third product in the market. Okaya said the new scooter is being rolled out from its Baddi (Himachal Pradesh) based manufacturing plant. The Freedum will be launched in four variants, comprising low-speed and high-speed trims with a maximum range of around 250 km per charge. Electric is the future and we find ourselves best placed to offer a high-quality, value for money proposition to every Indian. Owing to our allied business interests, it is only natural for us to have an advantage in the market space," Okaya Power Group Managing Director Anil Gupta said. The company said it aims to launch 14 new products, including a high-speed motorcycle an

India eyes turning 3-wheelers into EVs to achieve '30% EVs by 2030' target

After four- and two-wheelers, India is eyeing to turn a significant part of 6 million three-wheelers on roads into electric vehicles

Ola Cabs CEO Bhavish Aggarwal takes on Elon Musk over EV duty cut

The e-scooter's pre-launch garnered bookings of close to 100,000 in 24 hours

Suzuki to enter EV market by 2025, starting with India, says report

The automaker plans an all-electric compact model to be made available for around 1.5 million yen ($13,626) after government subsidies are taken into account,

Three South Korean companies capture 31% of global EV battery market in Q1

Three South Korean electric vehicle (EV) battery makers accounted for 31% of the global market in the first quarter, but their share has slipped since last year

BS READS: Why EVs can be only slightly cleaner than petrol cars in India

Given India's reliance on coal, electric vehicles could at best be 10% more efficient than petrol in terms of CO2 savings, show BS calculations. Petrol cars more environment-friendly in some states

Bharat Forge to undertake electric vehicle biz through wholly-owned unit

As an initial step, the company has decided to acquire newly formed group firm Kalyani Powertrain Pvt Ltd (KPPL), Bharat Forge said in a regulatory filing

Electric vehicle financing industry to be worth Rs 3.7 trn by 2030: Report

India's electric vehicle (EV) financing industry is projected to be worth Rs 3.7 lakh crore in 2030, about 80 per cent of the current retail vehicle finance industry, according to a new report

Tube Investments ropes in Korean firm for 3-wheeler EV technology

Company will start making and selling the vehicles by December 2021 or January next

Wardwizard builds 100,000 electric two-wheeler unit in Gujarat for Rs 45 cr

Company plans to launch four variants of high performance e-bikes at the plant, which is estimated to generate direct and indirect employment for 6,000 persons

SoftBank-backed Ola targets European market for electric vehicle business

The SoftBank-backed ride-hailing firm has roped in Julien Geffard to lead Europe operations for its electric business

India needs $180 billion investment to realise EV ambitions by 2030

Consistent policy support would also be critical to achieve EV goals

Ashok Leyland renames Optare as SwitchMobility, unveils global EV plan

With a new structure, SwitchMobility will be positioned to become Ashok Leyland's global arm, focusing on electric vehicles and green mobility solutions

Korean EV maker Edison to invest up to Rs 5,000 cr in UP, create 5,000 jobs

Project to be set up in three phases; company is scouting for land near Lucknow and Yamuna Expressway

M&M eyes strategic partnership in EV biz, no Covid impact on launch plans

The auto major, which reported a 94 per cent decline in consolidated profit at Rs 54.64 crore for the June quarter, also said there is no impact of Covid-19 on its EV launch plans