Minda Corp share: Minda Corp share price has surged 9.1 per cent in two days as against a 1.1 per cent rise in the benchmark BSE Sensex index.
Tata Power Delhi Distribution on Friday said it has joined hands with Baaz Bikes for augmenting and setting up of electric vehicle battery swapping stations across North and Northwest Delhi. Tata Power Delhi Distribution Ltd (Tata Power-DDL) is a leading power distribution utility that supplies electricity to about 9 million population in North Delhi. According a statement, Tata Power DDL signed a Memorandum of Understanding (MoU) with Baaz Bikes (Electorq Technologies Pvt Ltd), a battery-swapping service provider, for augmenting and setting up of electric vehicle battery swapping stations across North and Northwest Delhi. As per the agreement, Tata Power-DDL will allocate dedicated space for setting up battery swapping stations. Baaz Bikes, a battery-swapping service provider, will be responsible for designing, procuring, installing, and maintaining these stations. The MoU was signed between Tata Power-DDL & Baaz Bikes in presence of senior officials from both the organisations,
Nitin Gadkari appealed to the EV manufacturers to expand production capacity while maintaining high-quality standards to meet the fast-growing domestic as well as export demand
Electric two-wheeler manufacturer PURE EV announced plans on Wednesday to expand its dealership network to over 320 outlets across India by mid-2027. The company plans to launch PuREPower in 2025, leveraging its vehicle battery and powertrain platform. Over the next 30 months, we aim to add 250 new dealerships, expanding our network to over 320 across India. This growth will be fueled by increasing demand for long-range scooters, electric motorcycles, large B2B contracts, and our entry into the household brand segment, PURE EV Founder and MD Nishanth Dongari said. The company currently operates with 70 dealerships. PURE EV is the first to integrate Nano PCM (Phase Change Material) into its battery systems for efficient thermal management, Dongari said. This innovation eliminates the risk of unsafe thermal incidents, enhancing safety in electric vehicles and boosting consumer confidence, he added. PURE EV has focused extensively on electric motorcycles, already launching two models
As infrastructure improves, more Indians are willing to travel green
The collaboration aims to make EVs more accessible by allowing customers to rent batteries at a minimal usage-based cost, reducing overall running costs compared to traditional ICE vehicles
This strategic move by Tata Motors comes amid industry-wide challenges in the EV market, including a decline in sales and increased competition
Mexico's federal government, under pressure from the US, is keeping Chinese automakers at arm's length
Trump also said on Monday he would take steps to discourage exports of vehicles produced by the Detroit Three automakers and others from Mexico for US consumers by imposing new tariffs
The funds will be used to scale up the production of Simple Energy's e-scooters, the Simple One and Simple Dot One
R&D will help lower import dependence
China accounted for over 60 per cent of the total, as rising availability of electric vehicles and strong sales by BYD contributed to an increase
The government has repeatedly called on the European Union to cancel its tariffs, expressing a willingness to negotiate
Shares of Rivian surged about 50 per cent in extended trade after the announcement
The findings come just after the European Union announced it will hike tariffs to as high as 48 per cent on vehicles imported from China
Demand combination of upfront capex backing and PLI
China has become the world's largest auto market and sells more electrified vehicles than any other country, with 9.5 million cars delivered last year
The Kia EV3 SUV is the company's first electric vehicle to feature an artificial intelligence powered voice assistant, backed by OpenAI's ChatGPT
The global market for electric passenger vehicles is concentrated in three areas: China, the US, and Europe, which accounted for 95 per cent of global electric sales last year
MG Motor India on Thursday said it has partnered with the Epsilon Group for EV charging solutions and battery recycling. As part of the collaboration, the automaker has signed an MoU with two Epsilon Group subsidiaries - Power EV, for charging solutions and LICO, for battery recycling and second-life expertise. As per the agreement, Power EV will provide Custom Charging technology to develop AC and DC charging solutions for charging solutions for MG's EVs. Through active involvement in the MG charge initiative deploying 1,000 charging points in 1,000 days within residential communities and apartments across India Power EV aims to bolster the existing public charging network by expanding the availability of AC chargers and introducing high-capacity DC charging options, MG Motor India said in a statement. LICO will assist MG Motor India in its Extended Producer Responsibility (EPR) obligations by providing comprehensive battery recycling and certification services, it added. "Our