EV Market India

JSW had earlier announced a $1.5 billion joint venture with SAIC Motor, the Chinese automaker behind the MG brand, to produce and sell MG EVs in India

Under the policy announced in March, an automaker investing at least $500 million to manufacture EVs in India with 50 per cent of components sourced locally is entitled to a huge cut on import taxes

Royal Enfield, a division of Eicher Motors, forayed into electric bike space on Monday with the unveiling of its first model under the all-new Flying Flea brand

With the aim to tap into the global BEV market, Suzuki will begin the mass production of the BEV in Gujarat in 2025. The company expects the sales to hit by summer 2025

While these companies are taking steps to enhance cybersecurity, the growing complexity of E2Ws and the evolving threat landscape make it challenging to guarantee complete immunity from attacks

Union Minister Nitin Gadkari forecasts India's EV market could hit Rs 20 trillion and 10 million annual sales by 2030. He expects the sector to create 5 million jobs

The oil-to-telecom conglomerate beat six other competitors, which included units of battery maker Amara Raja Energy and Mobility and power producer JSW Energy

Electric vehicle sales registered a 55.2 per cent on-year growth at 1,79,038 units in July driven by a massive 96 per cent jump in e-two-wheeler sales, automobile dealers' body FADA said on Tuesday. The total electric vehicles sales for July 2023 were at 1,16,221 units, according to the monthly sales data from Federation of Automobile Dealers' Association (FADA). The electric two-wheelers sales during the previous month stood at 1,07,016 units, up 95.94 per cent, from 54,616 units sold in July last year, while the electric three-wheeler sales grew 18.18 per cent at 63,667 units, from 58,873 units year earlier, as per FADA. The commercial vehicle sales during the reporting month was also on an upward trajectory, growing two-fold on a year-on-year basis to 816 units, from 364 commercial vehicles sold in July 2023, it stated. Passenger vehicles, however, declined 2.92 per cent at 7,541 units in July, as against 7,768 units in the same month of last year, as per data. "The rising mark

The Ministry of Heavy Industries, responsible for automotive industry matters, has conducted one round of consultations with carmakers but has not yet secured significant commitments

Shares of Exicom Tele Systems soared 9.7 per cent, hitting its 52-week high at Rs 361.70 per share on the NSE in Wednesday's intraday trade

Sector experts suggest that the sharp decline could be due to a combination of factors such as changes in government policies, customers shifting interest towards hybrids, and general elections

Companies seeking incentives for the sale of electric vehicles will be required to apply for fresh certification under FAME-III

In China, Xiaomi's largest market for its smartphone business, shipments rose 8.6%

American EV manufacturer has lodged a complaint with the Delhi High Court against Gurugram-based Tesla Power India for violating its trademark

The company, which is launching the new generation Swift and Dzire models later this year, is hoping to boost overall sales volume

India will continue to allow imports of Chinese BYD vehicles but will not be extending investment opportunities

New policy mandates companies to invest a minimum of $500 million in the country and will allow them three years to set up local manufacturing for EVs

Czech carmaker Skoda Auto plans to enter the mass market of electric vehicles segment in India, for which it is exploring all options, including partnerships with local companies for economies of scale, company's management board member Martin Jahn said on Wednesday. The company is gearing up to enter the electric vehicles segment in India this year and is currently testing its premium electric SUV Enyaq. "We are exploring all the options. I am not at liberty to give you any details on this because no decision has been made. We are looking at everything we want to bring volume electric car to India," Jahn, who is the member of the Board of Management for Sales and Marketing Skoda Auto, said here in an interaction. He further said, "How and when we are going to do it, we do not know yet. We are looking at the options that would be the best for India. But we of course want to participate in the growth of the electric (vehicle) market in India." When asked if Skoda Auto is looking fo

The place where road transport is shifting most rapidly to battery power isn't Oslo or Shenzhen, but Delhi. E-rickshaws took a 54% share of India's three-wheeler market last year

The vision to make India a developed nation by 2047 includes a major shift towards electric vehicles, supported by tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure, a top government official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy. "The comprehensive vision for 2047 includes a substantial shift towards electric vehicles across various segments, supported by tax incentives, Production Linked Incentive (PLI) schemes, and the mandatory provision of charging infrastructure," Singh told PTI. He said that a shift in the modal share of freight from road to rail will be an effective lever to decarbonise the freight transport sector. He added that the government's authorisation of 100 per cent Foreign Direct Investment (FDI) for