EV Market

Elon Musk-run Tesla remains the market leader in the electric vehicle (EV) market in the US with more than 50 per cent share, selling more cars than the other 17 automotive groups combined

Hero Electric on Wednesday said it is set to roll out over 10 lakh vehicles annually in the next two to three years from its manufacturing units in India. The company, which launched new versions of its three electric scooter models priced between Rs 85,000 and Rs 1.3 lakh, plans to set up a greenfield plant at Rajasthan with an annual production capacity of 20 lakh units with an investment of around Rs 1,200 crore. "We have worked closely with our partners to cater to the surging demand for EVs in the country. As a result, we are proud to announce that we are all set to roll out over 1 million vehicles annually from our manufacturing units," Hero Electric Managing Director Naveen Munjal said here at the launch of the new models. Asked when the company could touch the 10 lakh units per annum mark, he said it could be in the next two to three years. In the ongoing fiscal, the company expects to end with over 1 lakh units sales and in 2023-24 it could be around 2.5 lakh units. He sa

Suchit Jain said that battery development and battery management for EVs as well as safety consumption are areas that will play a crucial role in India

If MG Motor achieves the sales volume target, it would become the second-largest player in the segment with a market share of 20-24 per cent

The EU has launched a 750 billion-euro ($812 billion) fund to heal its pandemic-scarred economy, and not all of it is spent yet

Tesla has also announced price cuts in South Korea, Japan, Australia and Singapore

Overall, 37,000-38,000 luxury cars were sold in the country last year

Ministry of Heavy Industries has already initiated the process to find out the quantum of subsidy claimed without meeting the localisation commitments by EV makers in India

Stark Future recently launched its first high performance electric motocross bike, the Stark VARG

Company set ups dedicated production line with an initial capacity of 5,000 sets per month

As India goes ballistic on the electric vehicle (EV) adoption, the real test of EVs, especially two-wheelers, will happen again with the onset of summer next year

Upgrade will give vehicles more than 50 features and improvements, says company

Company will use the financing to add more batteries to its network and expand services

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol

The supply chain for electric two-wheelers (E2Ws) is coming into shape but still not ready, argues the industry association SMEV

Mumbai-based We Founder Circle has in 23 months invested in more than 70 start-ups

Company will be adding in-house manufacture of motors as well as cells, which account for the bulk of the cost of a scooter

There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel and lithium

'Looking at synergies with EV business, will announce details soon'

Plans to roll out electric two-wheelers in every segment in the next 12 months