Page 2 - Ev Market

Suzuki's battery EV model 'e-Vitara' to hit market in 2025: Things to know

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

India's EV market sees festive season boost, reversing recent slump

This year has seen the EV sector on a roll, as it took only 10 months to hit the 1.5 million mark-a feat that took a full 12 months last year

Tesla stock jumps 12% as Musk reassures investors of strong EV growth plan

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and aprominent Tesla investor, said robotaxis and AI were not the fundamental businesses he wanted Musk to focus on

Tesla's China-made EV sales grow 19.2% in Sept, sells over 72K vehicles

Tesla sold more than 72,000 EVs in China's domestic market, up 66 per cent year-on-year, its best month this year, according to a company statement on Thursday

Nissan studies hybrid and CNG market in India, no immediate launch plans

Nissan previously announced that it is going to launch an "affordable" EV by 2026

Ola Electric plans 10,000 outlets by 2025, targeting smaller cities

Ola Electric plans to open 10,000 sales and service outlets by 2025 - a move aimed at boosting its presence in smaller cities across India

JSW MG sparks revolution in EV industry with bold Windsor pricing

Parth Jindal, Director, JSW MG Motor India, indicated the company is not satisfied with being a small player in India and has introduced this pricing model, and other benefits, to disrupt the electric

Indian EV market potential likely to touch Rs 20 trillion by 2030: Gadkari

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

Chinese EV maker BYD aims to sell 4 mn vehicles this year: Report

BYD attributed the extra sales growth to this year's introduction of new models with its latest plug-in hybrid technology known as DM-i 5.0, which would also contribute a better margin

EV maker Wardwizard Innovations to form joint venture in Saudi Arabia

The EV cell plant will be dedicated to manufacturing electric vehicle cells. The company did not disclose the cost associated with entering into the joint venture

Why public EV chargers are almost never working as fast as promised

The chemical wizardry of battery power is more complex than pouring liquid in a tank, and both internal and external factors take a toll on charging speed

Automaker Minda Corp inks licensing pact with China's Sanco to tap EV mkt

Auto components maker Minda Corporation Ltd on Wednesday said it has signed a technology licensing agreement with China's Sanco Connecting Technology to offer electrical distribution systems solutions for the electric vehicles market. Sanco Connecting Technology is a leader in EV connection systems. Under the agreement, Minda Corp & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU) and battery distribution units (BDU), the company said in a statement. "This agreement will enhance the product portfolio offering of Minda Corporation in the growing EV industry in the areas of Electrical Distribution Systems (EDS)," it added. Commenting on the partnership, Minda Corporation Executive Director Aakash Minda said, "By offering new-age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localisation, ...

Stringent safety norms for construction electric vehicles from October 1

The draft notification, published on August 14, proposes an amendment to the Central Motor Vehicles Rules, 1989

EV sales rose 55.2% to 179,000 units in July led by two-wheelers : FADA

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

Germany's new lithium deal aims to reduce Europe's reliance on China

German Chancellor Olaf Scholz was in Serbia on Friday to discuss a tentative deal with the Balkan country to excavate lithium, a mega project that could reduce Europe's dependency on China but one that has been fiercely criticised by environmentalists and opposition groups. Germany, the largest carmaker in Europe, is seeking to secure lithium for its electric vehicle makers as the European Union struggles to reduce its dependence on imports from China. Lithium is a critical substance in making batteries for electric vehicles China currently dominates the supply chain for lithium-ion batteries. The excavation of lithium was back in the limelight after Serbia's constitutional court earlier this month overturned a previous ruling to cancel a USD 2.4 billion mining project launched by British-Australian mining giant Rio Tinto in the western Serbian valley of Jadar, which is believed to be the largest lithium discovery in Europe. The Serbian government's decision to cancel the excavatio

Global electric vehicle sales up 13% in June, decline 7% in Europe

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

As EV revolution slows down, automobile major Ferrari enters the race

A lot is riding on Ferrari's 200-million-euro "e-building," which went into operation last month and is nearly twice the size of Rome's Colosseum

Is govt's new EV policy seeing a muted response from car companies?

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

Why the rise of China's EV makers holds lessons for other countries

The policies employed by China's leaders are now being emulated by Western governments, which are trying to make their own EV makers more competitive

RR Global-backed BGauss aims for major EV market share riding on RUV350

The company envisions EV-2W category will maintain a 60 per cent market share by 2030, with the RUV category capturing around 25 to 30 per cent of the market