Electric Two-Wheeler Sales Set To Crash By Over 60 Percent In June 2023
The Ministry of Heavy Industries’ recent reduction of the FAME-II subsidy is severely impacting India’s electric two-wheeler growth. The number is likely to plummet back to the modest sales numbers of June 2022 – 40,000 to 45,000 units – according to industry analysts…
BYD India partners Bajaj Fin For Dealer Finance
Chinese electric vehicle maker BYD’s subsidiary BYD India has signed an initial pact with Bajaj Finance for access to finance to its dealers and customers in the country, the company said on Wednesday. The strategic partnership aims to provide comprehensive…
China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023
China’s passenger electric vehicle* (EV) sales grew 29% YoY in Q1 2023, according to the latest research from Counterpoint’s China Passenger Electric Vehicle Model Sales Tracker. Battery EVs (BEVs) made up nearly 70% of the sales. There was a remarkable 88% YoY surge in plug-in hybrid EV (PHEV) sales…
Oben Electric Gets Rs 40 Crore Funding In Pre-Series A Round
Bengaluru-based electric vehicle start-up Oben Electric has raised Rs 40 crore in an extended pre-series A round, bringing their total Pre-Series A fundraise to Rs 72 crore (equity & debt). With this, it has raised Rs 88 crore since its…
Kia India Recalls 30,297 Units Of Carens For Software Update
South Korean carmaker Kia on Tuesday recalled 30,297 units of Kia Carens in India for a software update. The recall campaign has been initiated to inspect any potential error in the cluster booting process that may cause the cluster to…
Tap Into The Green Opportunity With An Electric Vehicle Charging Station Of Your Own
Amid the rising prices of gasoline and fuel, the electric vehicles market has been on a steady rise. With low operational costs and growing consumer interest, investing in an EV charging station presents a lucrative business opportunity. By capitalising on…
Sino-German Cooperation To Boost New Energy Vehicle Sector
German and Chinese carmakers are optimistic about more exchanges and cooperation as the two countries are forging closer relations in the automotive industry. BMW, Mercedes-Benz and Volkswagen signed letters of intent with China’s National Development and Reform Commission in Berlin…
EV Public Charging Network Market Attractive Growth Proposition Seen in 2023
The EV Public Charging Network market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns,…
Why India’s e2W Makers Stare At A Rough Ride Ahead
It was good times just a few weeks ago for the electric 2W industry in India. E2w sales saw a record volume of 1,05,000 units last month, zipping past the 100,000 mark for the first time. The average run rate…
Investment And Vehicle Registrations Dip In Electric Two-wheeler Segment
Two-wheeler EV registrations fell 1% MoM to 76,163 units in November Despite a 0.5% decline, Ola Electric saw the highest number of vehicle registrations at 16,246 units during the month, as per Vahan data Okinawa Autotech witnessed a significant dip…
