Subsidy Cut Hits Electric Two-Wheeler Sales
The sale of electric two-wheelers has hit a speed bump after the subsidy under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme was slashed from 40% to 15% with effect from June 1. The sales dropped…
Volvo XC40 Recharge Captures 25% Share of Luxury EV Market In H1 2023
Volvo Car India’s luxury EV the XC 40 Recharge captured 25% of the market share in the luxury EV segment. According to data available on the Government of India’s Vahan portal, the XC40 Recharge sold 241 units in the period…
BYD Widens Lead Over Volkswagen As China’s Top-Selling Car Brand
BYD extended its lead over Volkswagen as China’s top-selling carmaker, with its wide range of electric vehicles (EV) proving hugely popular among local buyers. After dethroning the German giant for the first time earlier this year, BYD notched up 595,300…
China To Be centre Of Mercedes-Benz 2025 EV Sales Drive, Automobilwoche Says
Mercedes-Benz is making China, the world’s top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche. “To do this, we must master electric propulsion just as perfectly as digitalisation. That’s…
Bhopal Invites Bids to Set Up EV Charging Stations
Bhopal Smart City Development Corporation (BSPDCL) has invited bids to set up two electric vehicle (EV) charging stations with five charging points per station under a public-private partnership model. The successful bidder will also be responsible for the operation and…
India Blocks $1 Billion Bid By China’s BYD to Set Up EV Factory
India rejected Chinese carmaker BYD Co.’s proposal to build a $1 billion electric-vehicle plant in partnership with a local company, according to people with knowledge of the matter. The Indian government dismissed the plan from BYD and Hyderabad-based Megha Engineering…
NITI Aayog’s Goa Conference Focuses on Accelerating India’s Electric Mobility Roadmap
NITI Aayog’s “Policy Support and Enablers to Accelerate India‘s Electric Mobility” conference in Goa on Wednesday paved the way for the nation’s electric mobility growth with an effective roadmap. Held alongside the fourth Energy Transition Working Group (ETWG) meeting during India’s G20 Presidency, the conference…
Hop Electric Looks To Expand Retail Footprint To Over 300 Cities This Year
Electric vehicle (EV) maker Hop Electric on Friday said it is looking to expand its retail footprint to more than 300 cities by the end of the year. The Jaipur-based firm had entered the EV space last June and has over 100 retail stores already…
Overcapacity In China’s EV Battery Industry To Reach Four Times Demand By 2025
China’s electric vehicle (EV) battery industry will face severe overcapacity in the next two years, which could lead to the closure of many small players, according to analysts. Chinese battery manufacturers, which number close to 50, will be able to…
Pravaig And Saudi India Venture Studio Sign MoU For AI & EV Industry Cooperation
Pravaig, a Banglore based Electric Vehicle (EV) Original Equipment Manufacturer (OEM), has signed a memorandum of understanding (MOU) with Saudi India Venture Studio on the concluding day of G20 YEA India Summit 2023. “We are delighted to join hands with Saudi India…
