He announced the government's big plans for Ladakh, which became a union territory in 2019
India's first wave of electric mobility adoption has penetrated the two- and three-wheeler segments with a variety of new products
So far, the Bengaluru-based start-up has raised more than $20 million in funding from investors like Bajaj Auto, Blume Ventures, 3one4 Capital, Wavemaker, and now US-based Rocketship, among others
India has a total of over 30 million passenger vehicles
The country's largest bicycle maker Hero Cycles would invest around 250 crore to set up an eCycle valley in Punjab, where it would have an entire ecosystem for manufacturing electric bicycle. The total investment in 100-acre project would be around Rs 600 crore, in which the rest amount of Rs 350 crore would be invested through joint venture partners and ancillary units, said Hero Motors Company Chairman & Managing Pankaj M Munjal in Thursday. Besides, the company aims to have around 10 per cent share of the growing electric bicycle market globally by 2022. According to him, 70 to 80 per cent of the production from the park would be exported and most of them would be shipped to Europe, which is one of the largest electric vehicle markets. "We are building new factories. We have bought 100 acres of land and we are going to set up an eCycle valley. We would have several partnership with companies as from Japan for motors, various suppliers," Munjal added. The company would start the
Rating agency Icra has blamed this to the higher vehicle cost due to costly imported batteries, weak public charging infrastructure
Bosch is pumping massive investments into electric mobility and autonomous and connected driving
Bajaj's remarks come against the backdrop of one of the most prolonged slowdowns plaguing India's automobile market, amid a slowing economy and dipping consumer confidence
The company has tied up with Chetan Maini-led Sun Mobility for battery and charging infrastructure
Canada's Harbour Air will test-fly a prototype electric aircraft in December
B V R Subbu currently manages a boutique strategy-consulting firm, advising global PE funds. He is also on the boards of various automotive and tech firms
NTPC had earlier said it has signed pacts with cab aggregators Ola, Lithium, Shuttl, Bikxie, Bounce, Electrie and Zoom Car for creation of public charging infrastructure for electric vehicles.
Time to revisit transportation planning in cities and countries to choose the most environment-friendly, comfortable and safe options
Uttar Pradesh is targeting 200,000 charging stations by 2024. Andhra is targeting 100% electrification of buses by 2029
The proposed move is expected to benefit micro, small and medium enterprises
The running cost of electric vehicles is lower, but there is a high upfront capital investment. Lack of charging infrastructure is another impediment
The government has initiated a process to define standards and guidelines for electric charging stations