China Accounted for 80% of global EV Sales Growth in 2024
China accounted for nearly 80 per cent of Electronic Vehicle growth globally, with EV sales jumping from over 3 million in the first half of 2023 to more than 4 million during the same period in 2024, according to a…
EVs lose the Funding Race as Investors Drive hard Bargain
Funding for India’s electric vehicle (EV) sector has nearly halved between 2022 and 2024 as policy changes and a decline in sales growth prompt investors to push for better unit economics and profitability at companies before committing further capital. According…
Faridabad to Roll out 25 EV Charging Stations
The Municipal Corporation of Faridabad (MCF) is set to roll out 25 Electric Vehicle (EV) charging stations next month, as part of a city-wide initiative to boost green transportation infrastructure. The total project would eventually feature 50 charging points across…
ChargeZone Expands EV Fast-charging Network Across India with Kempower Technology, Unveils first hub in Gujarat
Kempower partnered with ChargeZone and WBG to deliver this advanced charging hub equipped with a 400kW Kempower Power Unit charging system featuring two double output and one single output Kempower Satellite with CCS2 connectors. The site supports both passenger cars…
ZELIO Ebikes Launches Tanga Butterfly & Tanga SS E-Rickshaws
ZELIO Ebikes has entered the e-rickshaw segment with the launch of its first models under its new Tanga brand name, Tanga Butterfly and Tanga SS. Designed for urban and semi-urban commuters, the e-rickshaws are priced at INR 1,45,000 for the…
China’s CATL Launches EV Chassis, Flagging Safety as top Selling Point
China’s CATL (300750.SZ), opens new tab, the world’s largest electric vehicle battery maker, on Tuesday launched a new EV chassis that it says can withstand a 120-kph (75-mph) frontal impact without catching fire or exploding, as it touts safety as…
Indian Government Unlocks Manufacturing Growth With PLI And EV Incentives
The Indian government is aggressively pushing its manufacturing sector with significant incentives, particularly focusing on electric vehicles (EVs). Since launching the Production-Linked Incentive (PLI) scheme in March 2020, the government has aimed to attract foreign investments and bolster domestic production…
Greenway Mobility Introduces New Electric Three-wheeler Brand E-Vi
Greenway Mobility introduces new electric three-wheeler brand E-Vi, with two advanced electric vehicles – Chhota Otto and Chhota Bull that are expected to launch in the fourth quarter of FY24. The brand also aims to launch Rydan, a high-speed passenger…
Musashi Auto Parts Expands into EV Component Manufacturing
The rapid expansion of India’s electric vehicle (EV) market, particularly in the two- and three-wheeler segments, has prompted Japanese Tier-1 supplier Musashi Auto Parts India (MAP-ID) to diversify into EV components. A leading supplier of transmission gears and differential assemblies…
EV maker Greaves Electric Mobility Files IPO Papers with Sebi; aims to Raise Rs 1,000 cr
Electric Vehicle maker Greaves Electric Mobility Ltd has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 1,000…
