Page 56 - Electric Vehicles

Tata Motors' pact with private equity firm TPG 'credit positive': Moody's

Moody's Investors Service on Wednesday said that Tata Motors' pact with private equity firm TPG is 'credit positive', as it will help the automaker to scale up its electric vehicle business. Last month, Tata Motors announced that it will raise USD 1 billion in its passenger electric vehicle (EV) business from TPG Rise Climate. "We estimate that TPG Capital's USD 1 billion capital injection into Tata Motors's (TML, B1 stable) electric vehicle subsidiary, EVCo, will fund half its EV spending in India (Baa3 stable) through March 2026," Moody's Investors Service said in a statement. Tata Motors intends to use the funds, which it will receive in exchange for compulsorily convertible preference shares issued to TPG, to create a portfolio of EVs and dedicated battery electric vehicle (BEV) platforms. EVCo will also invest in battery technologies and charging infrastructure in association with Tata Power Ltd. Moody's Investors Service noted that the automaker has an early mover advantage

Joe Biden pushes electric vehicle chargers as fuel, natural gas cost spike

Joe Biden is highlighting billions of dollars in his giant bipartisan infrastructure deal to pay for the installation of electric vehicle chargers across the country

India is hanging on to coal but its EV education campaign is visionary

E-Amrit is a government-run portal that's a one-stop shop for all your electric vehicle questions.

Ashok Leyland seeks investors for EV arm; sets sight on used-vehicle biz

In the EV space, the firm plans to invest $150-200 million over five years and come out with its first electric light commercial vehicle in India by December end

CEO Tarun Mehta on how Ather achieved $100-mn revenue run rate in a year

How did Ather Energy achieve $100-million annual run rate in less than a year? Its CEO Tarun Mehta discusses answer this and other questions in this exclusive interview with Surajeet Das Gupta

Hero MotoCorp Q2 net profit declines 22% to Rs 748 cr; revenue falls 10%

The firm said its electric vehicle (EV) project is in the advanced stages

Record fuel costs push scooter-loving Indians to opt for electric models

At current prices, even the most fuel-efficient two-wheeler guzzles gasoline worth more than Rs 100 ($1.3) for a 100-km ride

Ashok Leyland inducts Shom Ashok Hinduja as additional director on board

The appointment based on the recommendation of the nomination and remuneration committee, is subject to the approval of the shareholders

Porsche launches all-electric Taycan range in India; starts at Rs 1.5 cr

German luxury sports carmaker Porsche on Friday launched its all-electric Taycan range in India with price starting at Rs 1.5 crore along with the latest version of its compact SUV Macan

Apple supplier Foxconn buys Ohio EV factory for $230 million

Apple's largest manufacturing partner Foxconn is moving ahead with a plan to acquire a Lordstown Motors vehicle assembly plant in Ohio for $230 million, the companies have announced

EV charging platform ElectricPe raises $3 million funding in a Seed Round

Electric Vehicles (EV) charging platform, 'ElectricPe', on Thursday announced that it raised a Seed Round of USD 3 million, led by Blume Ventures and Micelio Fund

Convergence Energy inks deal with Marriott for charging infra at its hotels

Over the next two months, CESL will be installing EV charging units across 37 Marriott hotels and will gradually expand to 100 hotels within a year

TVS Automobile's Ki Mobility Solutions forays into electric vehicles

Ties up with eight EV manufacturers, including Okinawa and Boom Motors

Electric three-wheelers rev up for rapid growth in India's EV market

Manufacturers hitch a ride on this fast-growing segment of the EV market, which is leading the electric mobility charge

Ford, Purdue partner on technology to speed up EV charging

Ford and Purdue University are partnering to develop a new charging station

Govt working on steps to push electric vehicle sales, says Nitin Gadkari

The Road Transport and Highways minister observed that due to technological development, the cost of electric vehicles will drop in India

CESL inks MoU with Marriott International to develop EV charging units

State-owned Convergence Energy Services Ltd (CESL) on Wednesday said it has signed an agreement with Marriott International to develop electric vehicle charging units and related infrastructure

Global carmakers now target $515 billion for electric vehicles, batteries

Less than three years ago, a similar analysis by Reuters found car companies planned to spend $300 billion on EVs and related technologies

Is your EV eco-friendly? Look at its grid makeup and time of charging

Countries where charging an electric vehicle is over 85% cleaner than driving a gasoline-powered car tend to be those with a consistent low-carbon energy supply source

Electric vehicle sales set to jump 80% in 2021: Report at COP26

The Factbook documents the progress that has been made towards global net-zero emissions in the road transport sector, and shows that the future is brighter than ever for zero-emission vehicles