Bajaj Auto Amplifies Its EV Commitment With a ₹500 Crore Investment Plan For 2023
Bajaj Auto is pushing up its efforts in the electric vehicle (EV) market for both two-wheelers and three-wheelers. After passing the phases of evaluating product performance in the actual world and customer reactions, it has planned additional releases and investments. In a post-earnings…
Ola Receives 3,000 For S1 Air Within Hours Of Opening Booking Window
Electric two-wheeler maker, Ola Electric received 3,000 booking orders for its newly launched Ola S1 Air. Ola Electric’s Founder and CEO, Bhavish Aggarwal, revealed this in a tweet. Ola opened the booking window for its most affordable scooter, the S1…
VW-Xpeng Deal Is Evidence of China’s Growing EV Dominance
German auto giant Volkswagen AG’s $700 million investment in Xpeng Inc. is a vote of confidence in the electric-vehicle upstart and the latest sign of how rapidly China is starting to dominate the global transition to clean vehicles. The deal…
Subsidy Cut Hits Electric Two-Wheeler Sales
The sale of electric two-wheelers has hit a speed bump after the subsidy under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme was slashed from 40% to 15% with effect from June 1. The sales dropped…
Hero MotoCorp Invests $60 Million In Zero Motorcycles, Will Launch Electric Two-Wheelers In India
Hero MotoCorp, the renowned Indian motorcycle manufacturer, sent shockwaves through the industry with a $60 million investment in Zero Motorcycles, a California-based electric motorcycle manufacturer. The move sparked intrigue and speculation as to how this partnership would shape the future of electric…
Erisha E Mobility Joins Forces With Lakshmi India Finance For EV Financing
Erisha E Mobility Pvt Ltd and Lakshmi India Finance Pvt Ltd have recently signed a MOU agreement. The collaboration aims to provide loan facilities to potential customers in Rajasthan, Madhya Pradesh, and Gujarat, who wish to purchase electric three-wheelers manufactured…
Pak-China Automobile Brand Set To Display First Electric Car In Islamabad
Pak-China Huazi Green Energy Pvt Ltd will display their first electric car in Islamabad next month. The launching will be done for the marketing and public awareness of the company’s new Electric Vehicle (EV). Talking to Gwadar Pro, Khalid Mehmood,…
Volvo XC40 Recharge Captures 25% Share of Luxury EV Market In H1 2023
Volvo Car India’s luxury EV the XC 40 Recharge captured 25% of the market share in the luxury EV segment. According to data available on the Government of India’s Vahan portal, the XC40 Recharge sold 241 units in the period…
Nissan To Invest $663 Million In Renault’s EV Unit
Nissan Motor said it will invest up to $663 million in the electric vehicle unit of its alliance partner Renault. Nissan has committed to invest in Ampere – Renault Group’s new EV and software entity in Europe – up to…
Lectrix EV Plans To Raise Rs 500 cr, Launches New E-Scooter At Rs 1.03 Lakh
Lectrix EV, the electric mobility arm of SAR Group, on Wednesday said it plans to raise up to Rs 500 crore next year to launch new products and expand operations in the country Lectrix EV, the electric mobility arm of…
