Samvardhana Motherson to Acquire 11% Stake in Electric Tech Company REE Automotive
Samvardhana Motherson, one of India’s and the world’s leading specialised automotive component manufacturers, is to acquire an 11% equity stake (on a fully diluted basis and up to 19% non-diluted basis) in REE Automotive. Samvardhana Motherson International is to invest…
Skoda-Volkswagen to Invest in EV Plant
Investment in EV Plant: Skoda Auto Volkswagen India Private Limited (SAVWIPL) is set to invest Rs 15,000 crore in establishing an electric vehicle (EV) manufacturing plant in Chakan, Maharashtra. This is part of the company’s broader strategy to expand its…
Electric Two-wheeler Adoption in India rising, 13% Share Expected by 2026-27
The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13% by 2026-27, investment banking company Jefferies asserted in a report. In the financial year…
Toyota bZ3C Leaked as new Prius-lookalike electric SUV in China
A new Toyota electric crossover SUV is about to hit the world’s largest EV market. The Toyota bZ3C leaked in China on Friday, showing a familiar look. The new electric crossover SUV was developed with China’s leading EV maker, BYD….
Uno Minda Revs up Localisation of EV Parts, Plans New Plant Under Inovance TLA
Gurugram-headquartered Tier-1 major Uno Minda, which is a key supplier of switches, lights, and instrument clusters, among other propulsion-technology-agnostic parts, has revealed plans to set up a greenfield facility for a range of products it has lined up for passenger…
India’s Tata, MG offer Free Charging, Battery Rentals to Lure EV buyers
India’s top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has launched its first battery rental plan, in strategies aimed at propping up sales of the clean cars. Use of…
2-wheeler EV Buyers can Avail Subsidy of Rs 10,000 in 1st yr of PM E-DRIVE
Electric two-wheeler buyers can avail a maximum subsidy of up to Rs 10,000 in the first year of the PM E-DRIVE Scheme to be rolled out soon, Union Heavy Industries Minister HD Kumaraswamy said on Thursday. Addressing a media briefing,…
VREMT WILL EXHIBIT ITS INNOVATIVE NEW ENERGY TECHNOLOGY AT THE ELECTRIC VEHICLES EXPO AT AUTOMECHANIKA
ELECTRIC VEHICLES EXPO AT AUTOMECHANIKA, September 10th-14th CET, it is the first time for Geely Holding Group to lead its brands to participate in overseas expo. At the expo, VREMT, a subsidiary of Geely Holding Group, will exhibit its comprehensive…
Axar Patel Joins Forces with Greaves Electric Mobility
Indian cricket all-rounder Axar Patel, fresh off his 2024 T20 World Cup victory, has teamed up with Greaves Electric Mobility Private Limited (GEMPL), the electric vehicle arm of Greaves Cotton Limited, to promote the future of smart and sustainable mobility…
Epic Energy and Fenfeo Automotive to set up EV Charger Manufacturing unit in Coimbatore
Epic Energy Limited has signed a Joint Venture Agreement with Fenfeo Automotive Private Limited, Coimbatore to set up an Electric Vehicle charger manufacturing unit in Coimbatore with an installed capacity of 15,000 chargers per annum. A Joint Venture Company will…
