India To Offer Incentives To Global EV Players, Aims To Attract $14 Billion Investment Over 5 Yrs
India plans to offer fresh incentives to companies making electric vehicles (EVs) as part of a broad auto sector scheme it expects to attract $14 billion of investment over five years, according to industry sources and a document. The country’s…
Triton EV Establishes India Entity ‘Triton Electric Vehicle India‘ In New Delhi
New Jersey-based Triton Electric Vehicle registered an Indian subsidiary under ‘Triton Electric Vehicles India Private Limited’ – in New Delhi. The move comes after the parent company aggressively advertised its plans to enter the Indian market. The newly formed entity’s…
Ola’s Bhavish Aggarwal Looks To Disrupt India’s EV Market By Mass Producing Vehicles
Every Friday, Ola’s founder and CEO Bhavish Aggarwal, spends time at a site that is nearly 2 hours away from the hustle and bustle of his office in Koramangala, a thriving hub for startups in Bengaluru. An aim to make…
Omega Seiki To Set Up Electric Vehicle Production Plant In Bangladesh
Omega Seiki Pvt Ltd, the Electric vehicles manufacturing company of Anglian Omega Group is setting up an Electric vehicle manufacturing facility near Dhaka in Bangladesh, with an investment of ₹100 crores. This will be the first project of any Indian…
Eaton’s Vehicle Group Launches Electric Vehicle E-Drive Gearing Design, Development, And Manufacturing
Power management company Eaton today announced its Vehicle Group is developing gearing solutions for electrified vehicles (EVs). Leveraging its expertise in producing transmissions and contract manufactured gear-sets for passenger and commercial vehicles, the Vehicle Group aims to be a leader…
Ford To Build New Electric Car On Volkswagen Framework
Ford is vowing to convert its entire passenger vehicle lineup in Europe to electric power by 2030 in just the latest sign of the seismic technological changes sweeping the auto industry. Ford will spend $1 billion to revamp its factory…
Tesla Will Manufacture Electric Vehicles In India
Tesla is planning to expand its electric vehicle (EV) manufacturing capabilities to India, according to a report. The company is preparing to set up a factory in the southern state of Karnataka, according a government document. The text made only…
Ola, Siemens To Build ‘India’s Most Advanced EV Manufacturing Hub’ In Tamil Nadu For ₹2,400 Cr
Ola announced that it has joined hands with Siemens to build India’s most advanced electric vehicle manufacturing facility in Tamil Nadu. Last month, the popular ride-hailing platform signed a 2,400-crore-deal with the Tamil Nadu government to set up its first…
Geely And Foxconn Form Partnership To Build Cars For Other Automakers
Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group said on Wednesday they will join hands to provide contract manufacturing for automakers. They will each hold 50% of a venture that will also provide consulting services on electric vehicle (EV)…
Nissan, Dealer Partners To Hire 1,500 Workers To Enhance Production
Japanese auto major Nissan said it along with its dealer partners will hire 1,500 people in India to enhance production and reinforce sales force on the back of robust response to its newly launched compact SUV Magnite. The company plans…
