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But, despite this decline, August sales still represented the third-highest monthly total this year, following March and July
The industry body says while EV segment as a whole grew by 157% during FY23, govt policy should be clear on how much manufacturers can get and how to encash on the subsidy
Panel recommends extension of scheme
'Diesel, petrol and electric cars will coexist in premium segment'
Lithium prices have softened this year, but the market balance is impacted by multiple developments
Down 40% since all-time high of 8,154 units in October 2022
The National Highways for Electric Vehicles will have 111 stations across 23 cities in project under annuity hybrid e-mobility model
To deliver 25,000 XPRES-T EVs in a phased manner
Ola said the success of the S1 Pro and S1 have cemented its market leadership
Most departments will switch over to EVs by next year in the first phase, says CM Sukhu
In electric four wheelers, including cars, Delhi came top
BMW, along with rival Mercedes, is looking to capitalize on this demand at a time when Tesla has decided to stay out because of high import taxes on EVs
The pre-Budget document also highlighted that the automobile sector is a key driver of India's economic growth
These scooters will be self-driven, and will last for 60 kilometres in one charge, he said while addressing a press conference
The EV dealers can avail flexible repayment tenures through the partnership, the company said
VIDA currenty has experience centres in Bengaluru and Jaipur, and pop-up stores in Delhi-NCR, where customers can test ride VIDA V1
He said subsidies are being offered for purchase of e-autos and for retro-fitting old diesel autorickshaws with electric motors and battery
The two sides signed an agreement to this effect at the World Economic Forum in Davos on Wednesday, M&M Ltd said in a statement
Triton EV will use the facility for producing EV busses, EV trucks, EV cars and Hydrogen busses as well