KPIT Receives An Important Strategic Large Deal From BMW Group For The Next Generation Charging Electronics Program
KPIT, a leading independent software development and integration partner to the automotive industry – announced signing of a large-scale order with BMW Group. The series order is spread over several years. The combined powertrain coordination unit is designed to power…
Kerala Government To Hire 50 Electric Buses Under FAME Program For Thiruvananthapuram
The Kerala State Road Transport Corporation (KSRTC) has invited bids for hiring 50 electric buses on wet lease for the Thiruvananthapuram zone. The tender has been floated under the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles-II (FAME II)…
Lomiko Encouraged By President-Elect Biden’s $400 Billion Clean Energy Plan
Lomiko Metals Inc., is focused on the exploration and development of flake graphite in Quebec for the new green economy. Lomiko has been monitoring emerging legislation aimed at reducing dependence on Chinese supply of graphite, lithium, and other electric vehicle…
Fortum Partners With Finnfund To Speed Up Charging Infrastructure Development And Growth In India
To bolster growth for electric vehicles (EV) charging infrastructure in India, Fortum signed an agreement whereby Finnfund, a Finnish development financier and professional impact investor, will invest in a minority share of Fortum’s public charging point operator (CPO), Fortum Charge…
Ather Energy Raises Rs 260 Crore In Fresh Funding
Ather Energy has recently raised an investment of USD 35 million (Approx Rs 260 crore) in its latest round of Series D that was led by Sachin Bansal’s investment of USD 23 million. The Bengaluru-based start-up was one of the…
GM Tests Its Ultium Battery System For Cruise Origin Autonomous Electric Vehicle
GM has started testing its Ultium battery system, which is going to power its next generation of electric vehicles, for the Cruise Origin autonomous electric vehicle. Earlier this year, GM Cruise, General Motors’ autonomous driving subsidiary, unveiled its self-driving electric…
EV Makers Oppose GST Cut On Hybrid Vehicles
The Society of Indian Automobile Manufacturers (Siam) may drop a proposal to cut goods and services tax (GST) on strong or full hybrid vehicles in its final budget recommendations to the government following stiff resistance from manufacturers of battery electric…
Hyundai Mobis Increasing Investment In Future Auto Parts
Hyundai Mobis has made investments in key auto parts such as brakes, airbags, lamps, steering systems and automotive electronics since 1999, when Hyundai Motor Group reorganized itself. Despite the steady investments, the after-sales service subsidiary of the group is yet…
BMTC To Lease 300 Non-AC Electric Buses
Citing losses incurred due to the COVID-19 pandemic, the Bangalore Metropolitan Transport Corporation (BMTC) has scrapped its plan to introduce air-conditioned electric buses in its fleet. Instead, it will lease 300 non-AC electric buses. The Corporation floated a fresh tender…
Volvo To Build Electric Motors In-House For Its Next-Generation EVs
Volvo makes no secret of its plans to become a fully electric carmaker and wants to be able to build as many of the necessary components in-house. The company has announced significant investments to “allow for the in-house design and…
