Mangalam Industrial Finance Ltd. Drives Green Mobility Forward With New Fleet Financing Initiative
Mangalam Industrial Finance Ltd. (MIFL), a leading Non-Banking Financial Company (NBFC), has announced a strategic commitment to financing electric mobility solutions through its new Fleet Financing initiative. Aligned with the Government of India’s mission to promote sustainable green mobility, this…
Schemes for Accelerating the Adoption of EV
Ministry of Heavy Industries is currently implementing the following schemes for accelerating the adoption of electric vehicles in the country: Electric Mobility Promotion Scheme 2024 (EMPS) with an outlay of ₹ 778 Crore for a period 6 months, w.e.f. 1st…
Turkish EV maker TOGG in Talks with Chinese Giant for Production
Zafer Sirakaya, Deputy Chairman of AK Party, announced that Chinese companies are eager to form a production mechanism with TOGG, revealing that talks have begun between TOGG and Chinese company Guangzhou Automobile Group. Speaking to Reuters, AK Party Deputy Chairman…
EV Stock Servotech Power Systems hits Upper Circuit after 15% Rally in one Month
Servotech Power Systems share price has been on an uptrend for one month. Shares of the EV charging solution provider company have risen from around ₹84.50 to ₹97.43 per share, recording more than a 15 per cent rise in this…
Govt Proposes New Guidelines For Faster Power Supply To EV Charging Hubs
The government has proposed new guidelines to reduce the approval time for power connection for electric vehicle charging stations. As per ET, the power ministry’s draft revised guidelines on charging infrastructure for EV proposes that the approval time in metropolitan…
TECO Announces Order for 55,000 EV Powertrains From India
The vehicle order is broken down into several different types of vehicles, with 5,000 powertrains ordered for 9- and 12-metre electric bus models, while the other 50,000 powertrains are to be used for commercial vehicles. Deliveries of the components will…
MG Motor India Sets Sales Record In June 2024 With ZS EV Leading
MG Motor India continues to achieve stable sales figures, with the MG ZS EV setting a record in June 2024. The company reported retail sales of 4,644 units, demonstrating consistent market presence and potential for strategic growth. In June 2024,…
JBM Auto Inks Pact with MUON India for 2,000 Electric Buses
Shares of JBM Auto Ltd. gained as much as 4% on Monday after the company informed the exchanges that its subsidiary JBM Electric Vehicles Pvt. Ltd. has signed an agreement with MUON India, a Macquarie Group company. Under this agreement,…
IIT-Jodhpur Develops Special Adaptor to Charge EVs Using Solar Panels
IIT-Jodhpur has developed a special adaptor that will allow users to charge their electric vehicles using solar power. Prime Minister Narendra Modi in February said his government was aiming to create a system in which people can recharge their electric…
Volvo Car India Surpasses 1000 EV Deliveries on World Environment Day
Volvo Car India today announced that the company has crossed the historic milestone of delivering over 1000 electric vehicles. Volvo Car India offers three EV models in India, the XC40 Recharge, the born electric C40 Recharge and the single motor…
