EV Update Media – Electric Vehicles and Battery Industry News & Updates

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India

Markets and Markets Estimates The India Electric Two-Wheeler Market To Reach 3 Million-Unit Sales By 2027

An electrical two-wheeler is a form of transport with a new mobility approach, especially in countries with large populations which concerned about the impact of GHG emissions on the environment. One of the most important factors driving the electric scooter…

Mahindra Warns Of Job Losses In Auto Sector, Seeks Govt Help

Indian automaker Mahindra and Mahindra Ltd (M&M) said on Wednesday it saw a “huge danger” of job losses in the ailing domestic auto sector, as it sought government intervention, including tax reductions to revive demand. A lending crisis among the country’s shadow banks, which fund…

Suzuki Posts 46% Drop In First-Quarter Profit On Slowing India Demand

Suzuki Motor Corp on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market. Japan’s fourth-largest automaker posted an operating profit…

India- USD 21.3 Bn Electric Scooters And Motorcycles Market Is Set To Register 13% CAGR, Driven By Advancement In Battery Technology And Emergence Of New Distribution Channel, Says Bekryl

According to recently released industry report by Bekryl, Global Electric Scooters and Motorcycles Market size is expected to register 3.4X increase in its revenue by 2028. The industry will be driven by advancement in battery technology and value added features….

Exquisite Range Of E-Bicycles Launched By GeeKay Bikes

Comforting the modern world with some amazing variety of e-bicycles, GeeKay Bikes launched three e-bicycles with some really fascinating features at the 10th India’s No. 1 Bicycle, Fitness, Sports and Electric Vehicles Expo-2019, held at Manpho Convention Center, Bengaluru from…

Ather Scooters Are More Affordable Now

Owning an electric vehicle has become more affordable as the Indian government has reduced the GST rates on EVs from 12 to 5 per cent. As a result of this move, Ather has been able to reduce the on-road prices…

Jitendra E Vehicles Welcomes The Government”s Move To Keep EV Pocket Friendly

The Nasik based Jitendra Electric vehicles welcomed the decision of fixing reasonable GST rates to EVs. The Government of India is already in process of promoting EV’s and making them affordable with Phase 2 of the Faster Adoption and Manufacturing…

Govt. Plans To Invest INR 100 Billion ($1.4 Billion) To Incentivize Electric Vehicle Manufacturing In India

Owing to the fact that India includes some of the world’s most polluted cities, the government is focused toward ensuring reduced greenhouse gas emissions from the automotive sector. Thus, the government has planned to invest INR 100 billion ($1.4 billion)…

KSL Cleantech And China’s Huaihai To Launch 10 EVs In India

The electric mobility segment in India is still at a very nascent stage, allowing companies from all over the world to tap one of the biggest two-wheeler markets in the world. And KSL Cleantech Limited is the latest company to…

GST Council Meeting: Rates On Electric Vehicles, Chargers Slashed To 5%

n a welcome move for e-vehicles manufacturing industry in India, a decision was taken during the 36th GST Council meeting to reduce Goods and Services Tax (GST) rates on electrical vehicles (EV) from 12 per cent to 5 per cent…