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…
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…
Nashik Municipal Corporation Floats Tender to Install 20 EV Charging Stations
Nashik Municipal Corporation (NMC) has invited bids for the supply, erection, installation, and commissioning of 20 electric vehicle (EV) charging stations at various locations under its jurisdiction. The successful bidder will also be responsible for the charging station’s operation and…
Enigma Ambier N8 Electric Scooter Launched In India At Rs 1.05 Lakh
Madhya Pradesh-based EV manufacturer Enigma Automobiles today launched its Ambier Ambier N8 electric scooter in India, with prices starting from Rs 1.05 lakh to Rs 1.10 lakh (both prices, ex-showroom). The EV maker claims that the Ambier N8 offers a range of 200 km per charge…
Torrent Power Launches EV Charging Stations
Torrent Power advanced 2.33% to Rs 617.90 after the company said that it has has forayed into the electric mobility infrastructure sector with the launch of public EV charging stations in Gujarat. The initial set of four EV charging…
Al Damani Is The First Electric Car Adopted By The Ajman Chamber
In support of the national industry and in line with the Year of Sustainability, the Ajman Chamber of Commerce and Industry (ACCI) updated its used cars by adopting the “Al Damani” car as the first electric car made in the…
