Electric Car India

JSW MG was the second largest electric car company in India in October, with its three models selling 4,878 units. Tata Motors was just a shade ahead with 5,067 units sold of its six models

Mahindra & Mahindra announced that it would invest Rs 12,000 crore over the next three years, into its EV unit Mahindra Electric Automobile

Ola had planned to launch e-sports car this year

EV-as-a-service platform Zypp Electric on Monday said it has raised USD 15-million funding from Japanese firm ENEOS. The series C funding comprises USD 15-million in equity closure, as part of its ongoing USD 50-million round, which comprises USD 40-million in equity and USD 10-million in debt, the company said in a statement. The fresh capital raised under Series C, in which other investors existing investors 9unicorns, IAN fund, venture catalysts, WFC and others also participated, will be utilised to expand Zypp's fleet from 21,000 to 2-lakh electric scooters and extend its services to 15 cities across India by 2026, it added. The fresh investment will help Zypp in the last-mile delivery space with sustainable EV solutions, said Akash Gupta, Co-founder and CEO of Zypp Electric. "We are eager to expand our fleet and enhance our tech platform, driving significant growth across India. These funds will be utilised to drive the company towards the full path of growth along with earni

The ministry has started the investigation in the cases of subsidy violation in April last year to probe procedural lapses and role of officers that led to the funds wrongly being disbursed

Nio currently buys most of its batteries from industry-leader CATL

Elon Musk pointed out in Tuesday's earnings call that Tesla expects a 50 per cent increase in production over 2023

Tesla fell 1.9 per cent to $147.05 a share on Friday, making it the second-worst performing stock in the S&P 500 Index this year

Tesla has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant

Short duration, stricter compliance pushes EV makers to consider selling vehicles sans subsidy

Tesla's rival, BYD, is launching its third model Seal EV Sedan in India on March 5, 2024. The Seal EV dimensions are 4,800 mm in length, 1,875 mm in width and 1,460 mm in height

Tesla had earlier asked the Centre to reduce the import duty to 15 per cent on its cars for the first two years, in exchange for an investment of up to $2 billion in India

Rolls-Royce showcased a fully electric Experimental Phantom concept named 102EX. This was followed by 103EX, a dramatic design study that anticipated a bold electric future for the marque

Withdrawal of government's incentive on sale of electric two-wheelers in April would prompt industry players to work hard and this could result into one or two more years of stagnated growth, Ather Energy's CEO and co-founder Tarun Mehta said on Friday. "The industry is no longer entirely dependent on subsidies for survival but an early discontinuation of the subsidy in April would prompt industry players to tighten their belts and work hard. "Despite this resilience, such a scenario would still result in one or two more years of stagnated growth, pushing the industry further away from its targets," the CEO of the electric two-wheeler firm said in a statement. The central government provides incentives on the sale of two-wheelers, three-wheelers, and four-wheelers under the FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme, which is ending in March this year. In June last year, the central government has already reduced the subsidy amount on electric .

ETO Motors on Monday said it has bagged an order to deploy 500 electric three-wheelers in Uttar Pradesh, with special focus on Ayodhya. The Letter of Award (LoA) given by the Uttar Pradesh government has given the company the responsibility to deploy and manage the electric three-wheelers in Lucknow, Ayodhya, Varanasi, Prayagraj, Agra, Mathura, and Gorakhpur, ETO Motors said in a statement. Notably, ETO Motors has received authorisation to initiate the deployment with a special focus on Ayodhya, coinciding with the inauguration of the Ram Temple, it said. The strategic launch in Ayodhya aims to facilitate devotees visiting the sacred site, marking a beginning for the integration of electric mobility into cultural and religious events, the company said. "Our e-three-wheelers are not just vehicles but carriers of change, driving economic growth and social empowerment while upholding our commitment to environmental stewardship," ETO Motors Director Karthik S Ponnapula said. ETO Moto

The showrooms also provide testimonials from current EV owners who talk about the challenges they have faced and myths about owning an EV

The JSW Group had finalised an agreement to buy the Ford plant for around $100 million, but Ford called off the deal as it is no longer looking to sell the factory

We explore the essential factors to consider when purchasing insurance for electric and hybrid cars

Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in CY22 to 7.2 per cent this year

EVs here cost 25% less as against 50% in the US, 41% in France and 29% in Germany