electric vehicles: Page 5

News and Trends

Sterling Tools' Records 90% Growth In EV Business

In FY24, Sterling Tools reported INR 600 crore plus revenue in fastener business and INR 325 crore in the company's electric vehicle control units

News and Trends

OLA Surging Ahead Pre-IPO: Nuvama Report

OLA Electric is the new addition to the list of new IPOs from India and more recently, the Securities and Exchange Board of India (SEBI) gave its nod for the EV maker to go public.

Growth Strategies

Lifetime Tax On High-End Cars And Jeeps Will Raise Overall Price Of EVs: Report

South India leads the sales with close to half of the sales in the country at 45 per cent as this region predominantly has the presence of OEMs and component suppliers these manufacturing hubs act as a central force for the growth of EV sales.

Growth Strategies

VCs Capitalize on Booming EV Component Market Amid Global Sales Surge

According to the IEA, global electric car sales reached almost 14 million, which represented a 35 per cent increase from 2022. This growth meant that the global electric fleet rose to 40 million in 2023.

News and Trends

Mid-Sized Cities To Be Big Demand Centre For Electric Vehicles: Report

The states covered under the report include Delhi, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu and Uttar Pradesh.

Growth Strategies

Retrofitted Buses Are 32.1% More Cost-Effective Than A New EV Bus: Report

A 9-metre retrofitted bus costs INR 19 per km, a 12-metre retrofitted bus with two batteries costs nearly INR 22 per km and a 12-metre retrofitted bus with three batteries costs marginally more than INR 23 per km.

Leadership

Battery Technology Advancements and Their Impact on EVs

Battery manufacturers and EV makers in India are not only focused on increasing energy density but also on enhancing fast-charging capabilities.

Growth Strategies

Tata Motors: 45% Of EV Sales Come From Smaller Towns; Targets Installing Community Chargers

Category acceptance from smaller towns is the key to growth and we have achieved it, Vivek Srivatsa, chief commercial officer, Tata Passenger Electric Mobility

News and Trends

Mahindra Eyes Battery Cells Pact With Global Players

The country has shown the ability to leapfrog when it comes to shift to new technologies especially in the automotive segment, Anish Shah, chief executive officer of Mahindra Group said.

News and Trends

Hyundai India Eyes Yearly Output Of 1 Million Units

The company is looking at an annual output of one million units across its three production lines in the medium term, according to the company's preliminary IPO papers filed with SEBI.

News and Trends

India Inc. Charges Towards Sustainable Change With EV Push

With favourable economics, rapid EV sales growth, and a robust ecosystem comprising power utilities, EV manufacturers, battery producers, and charging infrastructure, India Inc. has all the necessary tools to propel itself as a leader in clean energy mobility

Growth Strategies

EV Industry Voice Its Wishlist Ahead Of Budget 2024

GST, reallocation of subsidies including FAME and PLI, and boost for recycling and R&D among concerns of electric vehicle sector ahead budget session mid-July.

News and Trends

Tata Punch And Nexon Score Perfect 5 In First BNCAP EV Crash Test

Under this system, vehicles will receive between one and five stars, indicating their safety in a collision. Known as BNCAP, this voluntary rating system was implemented on October 1, 2023.

News and Trends

Magenta Mobility Deepens Collaboration With Tata Motors, Deploys Over 100 Tata Ace EV

The Ace EV is powered by EVOGEN powertrain that offers an unparalleled driving experience with a 7-year battery warranty and a 5-year comprehensive maintenance package.

News and Trends

Clean Motion Charges Into India's EV Market With USD 1 Million Investment

As part of the new business chapter, Clean Mobility Solution India Pvt. Ltd. plans to establish a dedicated manufacturing facility in Pune to localise and indigenously manufacture its flagship product, Zbee, making it a 'Made in India' three-wheeled passenger EV for global markets.