SUV Demand Powers Best-ever February Dispatches, India PV Inc Set For 4.25 Million Sales in FY2024
Sales in the leap-month of February 2024 have leaped to an all-time high – estimated at over 370,000 units and an 11% year-on-year growth (February 2023: 334,790 units). The high level of wholesales / dispatches to dealer showrooms across India…
MG Motor India Reports Sales of 4532 Units in Feb— Comet, Astor, Hector, ZS EV
MG Motor India announced its retail sales numbers for February 2024, totalling 4532 units. The company registered a growth of 18% over the previous month, January 2024, with 3,825 units sold during the same period last year. In December 2023,…
Ford EV Owners Can Now Charge on Tesla’s Network, but They’ll Need an Adapter First
Owners of Ford electric vehicles can now use much of Tesla’s charging network in the U.S. and Canada, but there’s a hitch. They’ll need to get an adapter that Ford will provide for free, although the company won’t start shipping…
US on Track to Meet 50% EV Target by 2030 Despite Slowing Growth
The US remains on track to meet ambitious targets for electric vehicle adoption despite signs of waning demand, according to Energy Secretary Jennifer Granholm. Speaking at an electric vehicle battery plant in Moses Lake, Wash., on Thursday, Granholm projected the…
EV Two-wheeler Players Slash Prices to Garner Better Market Share
Several two-wheeler electric vehicle (EV) makers have reduced prices of their vehicles in their bids to grab market share in the burgeoning Indian market. Such slashing of prices by substantial amount has intensified competition with the traditional petrol-driven scooters, which…
Vietnam EV Maker VinFast Reports $2 Billion Net Loss In 2023
Vietnamese electric vehicle maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90 percent increase in revenue. The communist state’s first homegrown car manufacturer is trying to…
Ford CEO Open to Working With Rivals to Compete With China
Ford Chief Executive Jim Farley said on Thursday the automaker is reworking its electric vehicle strategy to compete with Chinese rivals, and opened the door to collaboration with other automakers to cut EV battery costs. BYD and other low-cost Chinese…
India Lithium-ion Battery Market to Hit Market Size of USD 30,860.6 Million By 2032
Indian thium-ion battery market generated a revenue of US$ 5,116.4 Million in 2023 and is estimated to reach US$ 30,860.6 million by 2032 at a CAGR of 22.1% during the forecast period 2024–2032. The Indian lithium-ion battery market is the…
Global EV Sales Up 69% y/y in Jan
Global electric vehicle sales jumped 69% in January from a year earlier but were down 26% from December, reflecting subsidy cuts or tighter rules in Germany and France and seasonally weaker sales in China. Sales of fully-electric cars, or battery…
Wardwizard Innovations Dispatches 3,225 Units of Electric Two-Wheelers in January 2024
Wardwizard Innovations & Mobility Limited, a premier electric vehicle manufacturer known for its ‘Joy e-bike’ brand, has reported impressive growth in January 2024. With a 146% increase in sales compared to the previous year, the company dispatched 3,225 units of…
