International Battery Company Powers up with $35M Funding to Bridge EV Gap in India
International Battery Company, a startup developing lithium-ion battery cells for electric vehicles, has raised $35 million as it plans to bridge the demand-supply gap in the growing EV market in India. Led by RTP Global, the pre-Series A round saw…
Rolls-Royce Spectre EV to Debut in India on Jan 19, 2024
Rolls-Royce is set to make a groundbreaking entry into the Indian electric vehicle market with the official launch of its first electric vehicle, the Spectre, scheduled for January 19, 2024. This move follows the delivery of the first Spectre unit…
Electric 2-wheeler Sales up 17% in India as Electrification Improves
Electric two-wheeler (E2W) sales volume in India rose 17 per cent year-on-year in December as electrification improved after a recent hiatus, a report showed on Wednesday. In the E2W space, Ola Electric (Ola) remained the market leader by volume and…
Delhi Had Highest Share in Total EV Sales in Country in December
Delhi Finance Minister Kailash Gahlot on Tuesday announced that the national capital had accomplished a remarkable milestone by recording massive sales of electric vehicles (EVs), which accounted for 19.5 per cent of total vehicle sales in December. This is the…
Electric 3-wheeler sales clock 66% growth in CY2023 to over 581,000 units
In India’s fast-growing electric vehicle industry, the two- and three-wheeler segments, which are the most affordable compared to their four- and more-wheeled brethren, are setting the pace. While the electric scooter and motorcycle segment leads in terms of sheer volumes,…
Chinese EV Makers are Planning Factories in Mexico
Three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, according to a new report. MG, BYD, and Chery are all looking at sites to build new factories in the country, according…
MG Motor India Achieves 18% Growth In 2023 Retail Sales
MG Motor India has reported 18 per cent growth in total retail sales for the year 2023, reaching an impressive 56,902 units compared to the previous year. The company’s performance in December 2023 alone saw retail sales of 4,400 units,…
Eaton’s Heavy-duty Four-speed EV Transmission Receives Prestigious Award from top China-based Automotive Publication
Intelligent power management company Eaton today announced it has received the “2023 Top 100 Players of China’s New Automotive Supply Chain” award for its heavy-duty four-speed electric vehicle (EV) transmission from leading China-based automotive publication, Gasgoo. Eaton representatives accepted the…
Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
BIG Oil faces a tiny foe on the streets of Asia and Africa. The noisy, noxious vehicles that run on two and three wheels, carrying billions of people daily, are quietly going electric – in turn knocking down oil demand…
Indian Industry Body Seeks Third Round of EV Subsidies
FICCI has proposed to India’s ministry of heavy industries that the existing Faster Adoption and Manufacturing of Electric Vehicles-II (Fame-2) scheme be extended to Fame-3, the industry body said. FICCI wants the scheme — which expires on 31 March 2024…
