Hyundai Motor Company Announces Dedicated EV Plant At Ulsan
Hyundai Motor Company has announced a new electric vehicle (EV) plant at its complex in Ulsan. A press release from the company stated that the EV-dedicated plant will lay the foundation for future growth in the era of electrification. The…
India’s $960 Million bid to Supercharge EV Battery Production
India is initiating a bidding process for an 80 billion rupees ($960 million) incentive program to boost the production of electric vehicle batteries, as disclosed by insiders familiar with the matter. The initiative requires successful bidders to establish state-of-the-art chemistry…
India Weighs Five-year Tax Cuts on EV Imports to woo Tesla
India is considering tax cuts on the imports of completely-built units of electric vehicles, for a period of up to five years, as it tries to entice the likes of Tesla Inc. to sell and eventually make its cars in…
Valeo to Supply Electric Powertrain for Mahindra’s new BEVs
Valeo will localize and provide the electric motor, its inverter, the gearbox as well as the integrated 3-in-1 bi-directional combo power electronics that integrates the onboard charger, DC-DC converter and the Power Distribution Unit for some of Mahindra’s upcoming battery…
India Considers Slashing EV Tariffs to Lure Tesla
India is considering a request from Tesla to lower tariffs for imported electric vehicles, according to Indian government officials, as Elon Musk’s company explores setting up a plant in the country. Tesla has asked New Delhi for an initial tariff…
Maruti eVX Electric SUV Testing Commences in India
Maruti Suzuki is making significant strides in the electric vehicle (EV) segment, with the Maruti EVX Electric SUV currently undergoing testing in India. Expected to compete directly with the Hyundai Creta EV, this electric SUV is slated for a launch…
Made-in-India Ultraviolette F77 Electric Bike to be Exported to Europe
Bengaluru-based start-up Ultraviolette recently showcased the Ultraviolette F77 at the 2023 EICMA. Along with that the company also announced the launch of its F77 electric bike in the European market. The Ultraviolette F77 will be manufactured in India and will…
Festive October Powers Strong Double-digit Growth for PV, Two- and Three-wheeler Wholesales
As per the monthly numbers released by apex industry body SIAM, for three vehicle categories (passenger vehicles, two- and three-wheelers), cumulative sales at 2.36 million units are a strong 20% year-on-year growth (October 2022: 19,68,938 units). Importantly, all three segments…
Ashok Leyland to Invest Rs 1.2K Crore in its EV arm
Leading commercial vehicle maker Ashok Leyland (AL) will be making an investment of Rs 1,200 crore in its electric vehicle (EV) arm Switch Mobility- through its holding company Optare PLC UK. The decision to infuse own funds come after the…
Amazon Launches Worldwide Last-Mile Fleet Program in India, Featuring Electric Vehicles
Amazon has launched its inaugural last-mile fleet program in India, and it’s making an environmentally conscious move by employing 100% electric vehicles. This initiative will empower more than 300 delivery service partners (DSPs) to transport goods with zero tailpipe emissions….
