Electric Vehicles, Hybrids form 50% of China’s Vehicle Sales
Half of all vehicles sold in China in July were either new pure electric vehicles (EV) or plug-in hybrids, industry data showed, a milestone that underscores how far the world’s biggest auto market has leapt ahead of Western counterparts in…
Mahindra & Mahindra to Spruce up Electric 3W Play to Take on Bajaj
Mahindra & Mahindra (M&M) is looking to maintain its leadership in the small electric commercial vehicle segment by launching a slew of new products and pushing its manufacturing footprint further. This comes alongside the decision of M&M announced on May…
Ola Electric Shares hit 20% Upper Circuit After Listing at Par with IPO price
The shares of Ola Electric Mobility Ltd. made a quiet stock market debut with its shares getting listed at par against its issue price of ₹76 on the NSE. Similarly, the stock kicked-off its maiden trading session at BSE ₹75.99….
Geely Launches Galaxy E5 all-electric SUV with Starting Price of $15,750
Geely Auto Group has launched a new model in the Galaxy lineup, the E5, a compact SUV (sport utility vehicle) that will also be available in overseas markets. Geely rolled out the Galaxy E5, an all-electric SUV with a starting…
Odysse Electric and SUN Mobility ignite global E-mobility Revolution with Strategic Partnership
SUN Mobility and Odysse Electric Vehicles have announced a strategic alliance to help the global e-mobility sector advance. Through this agreement, SUN Mobility’s cutting-edge battery-swapping technology will be added to the Vader SM, Odysse’s flagship electric motorcycle. The goal of…
JSW MG Motor India Launches Multiple EV-based Initiatives
JSW MG Motor India has launched several electric vehicle-based innovations at the ‘DriEV.Bharat’ event held at the Bharat Mandapam, New Delhi. The event included the launch of eHUB by MG, which is an app by the OEM with charging solutions;…
Leading NBFC Muthoot Capital Bags Rs.100 Crore Impact Funding for Electric Vehicle Portfolio
Muthoot Capital Services Limited (MCSL), one of India’s fastest-growing NBFCs and a publicly traded entity of 137-year-old business conglomerate Muthoot Pappachan Group announces its partnership with UK-based Development Financial Institution for raising long-term debt funds to promote its electric vehicle…
Electric Motor Parts Maker EuroGroup Laminations Enters India, signs JV in China
Italian electric motor component maker EuroGroup Laminations is buying a 40% stake in India’s Kumar Precision Stampings, the company said shortly after announcing a preliminary agreement for a strategic electric vehicle sector alliance in China. Milan-based EuroGroup Laminations (EGLA) –…
River Mobility Plans to Scale up ops; aims to Open 100 Stores by March
Bengaluru-headquartered electric vehicle startup River Mobility Pvt Ltd backed by marquee investors Yamaha Motor Corp, Mitsui & Company Ltd, aims to open 100 showrooms by March 2026, a top official said. The company under its expansion drive inaugurated its first…
Schemes for Accelerating the Adoption of EV
Ministry of Heavy Industries is currently implementing the following schemes for accelerating the adoption of electric vehicles in the country: Electric Mobility Promotion Scheme 2024 (EMPS) with an outlay of ₹ 778 Crore for a period 6 months, w.e.f. 1st…
