Ashok Leyland Transfers It’s EV Biz To Switch Mobility For 240 Crore
Ashok Leyland has completed the sale of its electric vehicle (EV) business to Switch Mobility Automotive Ltd (SMAL) for a consideration of ₹240 crore. In November 2021, Ashok Leyland board had approved the sale of the EV business to SWAL…
Tesla Will Have To Be ‘Vocal For Local’ If They Need Tax Sops
American electric vehicle and clean energy company Tesla Inc is welcome to India if they commit to local manufacturing, assembling, and sourcing norms, a senior finance ministry official said on Friday. The official said, “If Tesla or other firms need…
Ather Energy To Set Up 1,000 EV Charging Stations Across Karnataka
Ather Energy on Thursday signed an MoU with Escoms (electricity supply companies) to establish fast-charging stations for two-wheelers at 1,000 locations across the state. “The collaboration aims to create a favourable ecosystem for electric vehicles in the state… All government…
Delhi Govt To Launch Guidebook For EV Charging At Shopping Malls
The Delhi government has announced that it is launching a guidebook to simplify and enable the adoption of Electric Vehicle (EV) charging in parking lots of shopping malls in the city, a move aimed at promoting clean energy. The document,…
Simple Energy, Siemens Join Hands To Develop E-Mobility Solutions
Bengaluru-based Simple Energy has joined hands with Siemens Digital Industries Software to develop e-mobility solutions. Under the new partnership, Simple Energy will be adopting Siemens’ Teamcenter X, a cloud-based Product Lifecycle Management (PLM) software, which will help the start-up establish…
Budget 2022: New Battery Swapping Policy Announced To Boost Electric Vehicle Usage
In a boost for the electric vehicle industry, Finance Minister Nirmala Sitharaman on Tuesday, February 1, announced that the government will bring a battery swapping policy in view of space constraints for setting up charging stations. “Considering the constraint space…
TVS Motor Acquires 75% Stake In Swiss E-Mobility Group
TVS Motor Company on Thursday said it has acquired 75% stake in the e-bike maker Swiss E-Mobility Group (SEMG) at a valuation of $100 million, with plans to buy out the remaining 25% stake next year. “We expect the e-bike…
Fisker Will Make EVs In India With Foxconn By 2024
Henrik Fisker’s Fisker Automotive will be making electric cars in India in partnership with its manufacturing partner Foxconn. Foxconn which already has a huge presence in India as it is the contract manufacturer for Xiaomi and Apple recently has made…
OSM Will Manufacture Electric Powertrains In India With This Korean EV Maker
Omega Seiki Mobility (OSM) and Jae Sung Tech Company Limited, a leading Korean EV powertrain maker, announced a strategic partnership to manufacture electric powertrains in India. As a part of this partnership, the two companies will be forming a new…
ETO Motors Plans To Install Around 2500 Electric Vehicle Charging Stations In Delhi-NCR
ETO Motors, one of India’s leading electric mobility solutions and services companies, has recently announced that they will set up over 2,500 EV charging stations in the Delhi-NCR region. ETO Motors in its official press statement said that they have…
