In the first quarter of FY23, as many as 72,474 EVs were registered in the country in June, according to the data available on the Vahan portal. This is a 547% jump, compared to the June 2021 figures. In fact, the first quarter of the current fiscal (Q1 FY23) saw the most number of Electrical…
Market leader Tata Motors is surveying setting up new standalone Electrical Vehicle showrooms, which could become a first in the car industry. However, since Tata Motors has a limited number of EV offerings at present, containing just two models, the company does not see an urgent need for a separate retail network. For the traditional…
Leading two and three wheeler producers, TVS Motor Company, plans a ‘product offensive’ strategy and strong success story on the export front in FY23 even as it is cautiously optimistic about the growth outlook. “The company will launch additional products, including electric vehicles with outstanding technologies,” Ralf Dieter Speth, Chairman, TVS Motor, said at the…
Mahindra & Mahindra (M&M) plans to introduce an electric version of XUV300 SUV in the January-March quarter of the current financial year. At 4.2 meters in length, the electric version will be longer than the current ICE powered XUV300. Also, the company will invest ₹1,900 crore till FY24 for creation of additional production capacity for…
Tata motors looking forward to aggressively boost up annual production of Electric Vehicles(EVs) to more than 80,000 units in this financial year, sources with knowledge of the matter told Reuters. That compares with the 19,000 Electric Vehicles it built and sold in the past financial year. Tata, the country’s largest automaker, last year announced aims…
In Hyper local mobility segment, TVS motor Company on Wednesday signed an MoU with bike-taxi platform Rapido. Under the agreement the two companies will look to cooperate on supporting teamwork of their respective businesses in the fast moving mobility space in India. The comprehensive partnership will cover both two and three wheeler vehicles, particularly from…
Arun Misra, CEO of Hindustan Zinc, Stating that Zinc prices are expected to stay “strong” and are not likely to come down very soon. One of the largest zinc–lead producers, said that there could, however, be some “fluctuations here and there”. In FY22, LME prices of zinc and lead were up 36.5% and 15.7% respectively….
Hero electric declared that it has partnered with electric vehicle charging(EV) Infrastructure provider Bolt to set up 50,000 charging stations all over India in next 12 months. The electric two wheeler manufacturer saying that the move will benefit it’s more than 450,000 customers. Under the partnership Bolt charging points will also be installed at over…
