Page 45 - Electric Vehicles

Electric scooter sales are likely to reach an inflexion point this year

Analysts predict sales of 0.7-0.8 million, which may account for around 13% of the scooter market

Suzuki Motor powers EV rush in India with Rs 10,440-crore investment

Maruti's rivals, such as Hyundai and Tata Motors, have announced elaborate plans for electrification of their products

Tesla named 'most trusted' brand developing fully-autonomous vehicles

Elon Musk-owned electric vehicle company Tesla was recently named the "most-trusted" brand in the pursuit of fully-autonomous vehicles, according to a new study.

Japan's Suzuki to invest $1.4 billion for EVs, batteries at India factory

Suzuki Motor plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce EVs and batteries, Maruti Suzuki India, majority-owned by the Japanese carmaker, said on Sunday.

Suzuki to invest Rs 10,445 cr for manufacturing EV, batteries in Gujarat

Japanese automaker Suzuki Motor Corporation on Sunday said it will invest around 150 billion yen by 2026, for local manufacturing of Battery Electric Vehicles and BEV batteries in Gujarat

For FASTag, EV charging is the next big opportunity: Numadic CEO

The introduction of FASTag has almost entirely digitised governance in transport, which was until very recently a 100 per cent cash industry: Numadic CEO

Foxconn aims to get 5% of global market share for EV business by 2025

Foxconn is planning to capture around 5 per cent of the market share globally in the electric vehicles (EV) by the end of 2025.

Reliance, Ola Electric, others to get incentives in battery scheme: Report

Reliance Industries and Softbank Group-backed Ola Electric have won bids to receive incentives under India's $2.4 billion battery programme, four sources told Reuters

Nitin Gadkari launches green hydrogen-based fuel cell EV Toyota Mirai

Union Minister Nitin Gadkari on Wednesday launched green hydrogen-based advanced fuel cell electric vehicle (FCEV), Toyota Mirai

Ola Electric brings former LG Chem Power CEO Prabhakar Patil onto its board

The company is now scouting the globe for opportunities to invest strategically into firms focused on advanced cell chemistry research and other battery tech

Apple Car team must be restructured to meet production goal for 2025

Apple's team working on the company's long-rumored electric vehicle has been dissolved for some time and it needs to be restructured within the next 3 to 6 months to achieve goal of mass production

EV public charging point player CHARGE+ZONE eyes $100 million fund raise

Having set up 20 such EV charging points across 1,000 km on some national highways, the firm is now looking to cover over 10,000 km in the country

Two-wheeler companies target nine-fold increase in electric vehicles

Top Indian two-wheeler companies are ramping up new capacity to hit over six million per annum by the calendar year 2023 to meet the anticipated demand for electric vehicles

Ford says it will ramp up electric vehicles in Europe

Ford says it will have three new electric passenger vehicles and four new electric commercial vehicles in Europe by 2024, part of the automaker's continued push to grow its presence in the EV market. Ford Motor Co. said Monday that it plans to sell more than 600,000 electric vehicles in the Europe by 2026. It anticipates producing 1.2 million electric vehicles in Cologne, Germany over six years. Ford will start production of an all-new electric passenger vehicle, a medium-sized crossover, in Cologne next year. A second electric vehicle will be added to the Cologne production line-up in 2024. An electric version of the Ford Puma will be made in Craiova, Romania beginning in 2024. For commercial vehicles, the Transit will include four new electric models the Transit Custom one-tonne van and Tourneo Custom multi-purpose vehicle in 2023, and the smaller, next generation Transit Courier van and Tourneo Courier multi-purpose vehicle in 2024. I am delighted to see the pace of change in .

EV financing digital platform Revfin raises Rs 100 crore in debt

The startup is currently present across 18 states with over 350 dealership locations and has partnerships with multiple original equipment manufacturers (OEMs)

WB govt presents Rs 3.21-trn FY23 budget; incentives for EVs, tea sector

Capital expenditure for the fiscal is estimated to be Rs 33,144 crore, and revenue expenditure is pegged at Rs 2,26,326 crore

Ather Energy ties up with Foxconn group arm for supply of key components

Electric two-wheeler maker Ather Energy on Wednesday said it has joined hands with Bharat FIH, a Foxconn Technology Group company, to develop and manufacture key components for the former's scooters.

MG Motor super charges electric vehicle biz, weighs funding options

MG outlined an investment of Rs2000 crore for FY22 and FY23 and is currently weighing various options to raise more funds as it seeks to charge up the EV business.

Tata Motors bags order for 65 electric vehicles from KSEB

Homegrown auto major Tata Motors on Monday said it has bagged a contract for 65 electric vehicles (EVs) from Kerala State Electricity Board (KSEB).

Hero Electric, SUN Mobility to deploy 10k e-bikes with swappable battery

Hero Electric on Monday said it has partnered with SUN Mobility to deploy 10,000 electric two-wheelers with swappable battery technology.