Pepper Motion will Invest ₹4,640 crore in EV Manufacturing Unit at Punganur
Andreas Hager, CEO of the German-based Pepper Motion Company, called on Chief Minister Y.S. Jagan Mohan Reddy at the latter’s camp office at Tadepalli, near here, on November 29 (Wednesday). Pepper Motion, which manufactures electric buses and trucks, is all…
Suzuki Eyes to Make India Global Electric Car Manufacturing Hub
Maruti Suzuki’s parent Suzuki Motor Corporation plans to make India its global electric car manufacturing hub with the first batch of vehicles expected to be rolled out as early as 2025, according to a news report. Suzuki will start producing…
Gujarat’s Newer Strides Towards EV Manufacturing Hub
Even though a late entrant in the race of becoming India’s soughtafter automobile hub, Gujarat is clearly taking newer strides when it comes to electric vehicle (EV) manufacturing. As the policy focus of both the state and the Centre is…
Foxconn Considers India For EV Manufacturing Hub, Targets 5-7 Lakh EVs By 2025
Foxconn is also aiming to establish a compound semiconductor fabrication plant in India, focusing on gallium nitride and silicon carbide chips. Foxconn Technology Group, the world’s foremost contract electronics manufacturer, is actively considering India as its third worldwide hub for…
BYD’s Electric Car Manufacturing Plan in India Faces Political Scrutiny, Wants To Drop $1 Billion EV Investment Plan
BYD, the world’s largest producer of electric vehicles (EVs) and plug-in hybrid vehicles, is facing potential challenges with its electric cars manufacturing plan in India. The Indian government has been subjecting investments from Chinese companies to closer scrutiny since 2020,…
Ola Electric and Tesla to Bid for India’s Lithium Reserves in J&K
Recently, a large amount of Lithium reserves were found in the Jammu & Kashmir state of India. The Indian government has announced that bidding will be done for the newly discovered Lithium reserves. Many automobile manufacturers come ahead to participate…
BYD, China’s Largest EV Manufacturer, Takes Aim At Southeast Asia Market
China’s largest electric vehicle manufacturer, has begun to penetrate the Southeast Asian market to challenge the stronghold held by Japanese automakers in the region. BYD has launched an offensive on Japanese EVs, which hold more than 80% of market share…
Govt Cuts FAME-II Subsidy On Electric 2-Wheelers From June
The government has reduced the subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme applicable on electric two-wheelers registered on or after June 1, 2023. The Heavy Industries Ministry notified the changes. For electric two-wheelers,…
Electric Two-Wheelers Will Get More Expensive Now
The Faster Adoption and Manufacturing of (hybrid &) Electric vehicles Phase II (FAME II) scheme was implemented in April 2019 by the central government to incentivise buyers to purchase electric 2-wheelers by providing a substantial subsidy on their price. This…
China’s Electric Car Emissions Reductions Increasing Rapidly Over Time
Chinese EVs achieve greater emissions reductions over time due to improved efficiency and a greener power grid, states a study. While over 10% of Chinese car sales are now electric, the entire life cycle of EVs still generates carbon emissions….
