The EV Impact on India’s Trade Deficit: A Step Towards Energy Independence
India’s economic growth often grapples with a persistent trade deficit, a large portion of which stems from oil imports. Spending over $100 billion annually on crude oil, the country faces a dual challenge: rising fuel prices and a reliance on foreign suppliers. Electric vehicles (EVs) present a transformative solution, not just for cleaner air but […]
EV Sector News Roundup
The electric vehicle (EV) industry is advancing at an unprecedented pace, with transformative milestones, groundbreaking technologies, and forward-thinking policies shaping the future of sustainable transportation. Here’s a deeper dive into the latest developments driving the EV revolution globally and locally. Vecmocon’s INR 84.4 Cr Funding to Drive EV Intelligence Vecmocon Technologies, an EV intelligence startup, […]
Global EV Charging Market Growth on the Rise
Global EV Charging Market Poised for Major Growth, Projected to Reach $164 Billion by 2030 The electric vehicle (EV) charging infrastructure market is experiencing rapid growth. Global revenue is set to jump from $25.9 billion in 2023 to an impressive $164 billion by 2030. This expansion reflects a strong global commitment to sustainable transportation as […]
Ola Electric’s October Sales Soar Despite Service Challenges: A Tale of Growth and Controversy
Ola Electric, India’s prominent EV two-wheeler brand, recently achieved a significant milestone by recording the highest two-wheeler EV sales in October 2024, selling 41,605 units and marking a 68% increase from September. This achievement has positioned Ola Electric as the market leader for the month, outpacing competitors such as TVS, Bajaj Auto, and Ather Energy. […]
India’s EV Crossroads: Will Chinese EV Giants Find a New Market as EU Closes Doors?
India’s EV Crossroads: Will China’s EV Giants Shift Gears to the Indian Market?” With the EU slapping high tariffs on Chinese EVs and trade tensions on the rise, India might just become the new battleground for Chinese electric vehicle giants. Here’s how the dots are connecting, and what it could mean for India’s EV journey. […]
BMW & Mercedes Q3 Sales 2024: German Luxury Giants Face Decline
October 16, 2024 | New Delhi, India In the third quarter of 2024, BMW and Mercedes faced significant challenges. Their global sales dropped as both automakers struggled in China, the world’s largest auto market. Local competition and a slowing economy hit hard. This sales slump highlights the struggles of German luxury brands amid rising costs […]
Weekly EV Pulse: Top 8 Electric Vehicle News You Can’t Miss!
Stay ahead of the curve with this week’s key electric vehicle (EV) updates from India and beyond. From strategic partnerships to government policies and exciting EV launches, here’s the latest buzz in electric mobility. 1. Ashok Leyland Partners with Nidec for E-Drive Motors Ashok Leyland has teamed up with Nidec Motor Corporation to develop e-drive […]
Ashok Leyland Partners with Nidec to Develop E-Drive Motors for India’s Commercial EVs
Chennai, India | October 2024 Ashok Leyland has entered into a strategic partnership with Nidec Motor Corporation to co-develop novel e-drive motors and electric drive systems for India’s commercial electric vehicle (EV) sector. This collaboration will accelerate electric mobility for commercial vehicles like trucks and buses by developing technology tailored to India’s challenging terrains. Establishing […]
Clean Electric Secures $6 Million Series A Funding!
Breakthrough in Battery Technology Clean Electric, a deeptech startup specializing in liquid-cooled battery solutions, has raised $6 million in its Series A funding round. The round was co-led by Info Edge Ventures, pi Ventures, and Kalaari Capital, with additional participation from Lok Capital. This funding will allow Clean Electric to further its research and development, […]
Hyundai Expands Hybrid Lineup and Announces $3 Billion Share Buyback
Hyundai Expands Hybrid Lineup and Announces $3 Billion Share Buyback Read More Nissan, Honda, and Mitsubishi Motors Sign MOU to Explore Collaborative Business Integration NueGo Partners with CheckMyBus to Drive Sustainable Intercity Travel in India Schaeffler India Appoints Sharad Bhatia as Head of Vehicle Lifetime Solutions Greenway Mobility Launches E-Vi to Compete in India’s Growing […]