Red Sea Crisis is Disrupting the Electric-Car Industry
Automotive giants Tesla and Volvo have announced pauses to the production of their electric vehicles (EVs) in Europe. Electric vehicles are seeing record sales and demand worldwide, but a lack of parts means that factories cannot sustain their production. The…
Ola IPO Will Drive Indian EVs Back to the Future
India’s electric vehicle makers are stepping into the spotlight. Ola Electric Mobility is revving up an initial public offering and could spark something akin to the mania that fueled share sales by Chinese upstarts like Nio a few years ago….
BYD’s First Chartered Vessel Sets Sail with 5,000 EVs for Europe
BYD’s first chartered vehicle vessel has set sail from China’s southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday. Chinese automakers including BYD, Chery Automobile and SAIC Motor have been placing…
Chinese Auto Exports up 64% with Strong Push by EVs
China’s auto exports surged 63.7 per cent in 2023, while domestic sales, boosted by year-end incentives, rose 4.2 per cent, an industry association has said. The surge in exports, to 4.1 million according to the China Association of Automobile Manufacturers,…
China’s BYD overtakes Tesla for Most EV Sales
U.S. car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has capitalized on Beijing’s strong government support for the burgeoning sector. The U.S.-based car manufacturer run by billionaire Elon Musk delivered…
Big Spurt in Pvt Electric Car Sales in Delhi, Reveals Data From 2023
In 2021, a total of 1,526 private electric cars were sold in the Capital, the number increased to 3,114 in 2022 and 5,800 in 2023. The sale of private electric cars in Delhi has witnessed a huge jump over the…
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,…
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,…
