India’s EV Push Comes At A Hefty Cost. Expect About Rs 1 Lakh Crore In Losses By 2030
The uptake of battery-driven electric vehicles has been rising in India. EV sales have increased from 0.6% of total vehicle sales in Financial Year (FY) 2018–19 to 7% in FY 2023–24. This trend is expected to continue, as India aims…
India Backs EV Tariff Cuts For Trump Trade Deal, Defying Autos Lobby
India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters. The…
Electric Vehicle Sales Clock 3% YoY Growth In Q1 2025
Electric vehicle (EV) sales in India reached 514,198 units in the first quarter (Q1) of 2025, an increase of over 3% year-over-year (YoY) against the 499,930 units sold in the same period of 2024. EVS account for 8% of overall…
Expansion Of EV Charging Stations
Under FAME-II scheme, an allocation of Rs.839 crore was made for setting up of Electric Vehicle Public Charging Stations (EVPCS). An allocation of Rs.2,000 crore has been made under the PM E-DRIVE scheme for setting up EVPCS all across the…
Automotive Electronics Market Revenue To Attain USD 596.05 Bn By 2033
Automotive Electronics Market Revenue and Trends 2025 to 2033 The global automotive electronics market revenue reached USD 307.61 billion in 2025 and is predicted to attain around USD 596.05 billion by 2033 with a CAGR of 8.62%. The automotive electronics…
Renault Group And Nissan Announce New Strategic Projects
Renault Group and Nissan today announced new strategic projects: Renault Group would own 100% of Renault Nissan Automotive India Private Ltd (RNAIPL),by acquiring the 51%-shareholding currently held by Nissan. This project represents a key opportunity for Renault to expand its…
