Page 5 - Ev Market

Bharat Forge to undertake electric vehicle biz through wholly-owned unit

As an initial step, the company has decided to acquire newly formed group firm Kalyani Powertrain Pvt Ltd (KPPL), Bharat Forge said in a regulatory filing

Electric vehicle financing industry to be worth Rs 3.7 trn by 2030: Report

India's electric vehicle (EV) financing industry is projected to be worth Rs 3.7 lakh crore in 2030, about 80 per cent of the current retail vehicle finance industry, according to a new report

Tube Investments ropes in Korean firm for 3-wheeler EV technology

Company will start making and selling the vehicles by December 2021 or January next

Wardwizard builds 100,000 electric two-wheeler unit in Gujarat for Rs 45 cr

Company plans to launch four variants of high performance e-bikes at the plant, which is estimated to generate direct and indirect employment for 6,000 persons

SoftBank-backed Ola targets European market for electric vehicle business

The SoftBank-backed ride-hailing firm has roped in Julien Geffard to lead Europe operations for its electric business

India needs $180 billion investment to realise EV ambitions by 2030

Consistent policy support would also be critical to achieve EV goals

Ashok Leyland renames Optare as SwitchMobility, unveils global EV plan

With a new structure, SwitchMobility will be positioned to become Ashok Leyland's global arm, focusing on electric vehicles and green mobility solutions

Korean EV maker Edison to invest up to Rs 5,000 cr in UP, create 5,000 jobs

Project to be set up in three phases; company is scouting for land near Lucknow and Yamuna Expressway

M&M eyes strategic partnership in EV biz, no Covid impact on launch plans

The auto major, which reported a 94 per cent decline in consolidated profit at Rs 54.64 crore for the June quarter, also said there is no impact of Covid-19 on its EV launch plans

RR Global to invest Rs 125 cr in electric scooters business in three years

Company says it has identified 108 cities in southern and western India-the two regions it will focus on first--for setting up distribution centres for its scooters

Tesla's new long-life batteries may bring EVs cost in line with petrol cars

For months, Tesla Chief Executive Elon Musk has been teasing investors, and rivals, with promises to reveal significant advances in battery technology during a "Battery Day" in late May.

India's EV dream: Does buying an electric car today really make sense?

The running cost of electric vehicles is lower, but there is a high upfront capital investment. Lack of charging infrastructure is another impediment

In top gear: Govt set to prop up EV market with VC funding for start-ups

Rs 15 bn funding is to be available to new players entering the space