EV

Elon Skips Gujarat Summit But Tesla Welcome To Invest

Elon Skips Gujarat Summit But Tesla Welcome To Invest

Gandhinagar, Gujarat is set to host the 10th annual Vibrant Gujarat Summit from 10 Jan 2024 to 12 Jan 2024. Delicacies from many countries are attending this summit. However, one of the biggest guests and the CEO of Tesla Automotive has confirmed that he will not be attending the summit, a senior government official disclosed….

Navigating The Future with Innovations in Electric Vehicles 

Navigating The Future with Innovations in Electric Vehicles 

We often see tech-minded people talking about future cities in which they emphasise electric and automatic vehicles. Electric vehicles are gradually taking over the automobile industry, and a concrete infrastructure is required due to the constant demand for innovation in the electric vehicle industry to match evolving customer needs. Seeing electric cars on the road…

India Records 1 Million EV Units Sales In FY 2023 

India Records 1 Million EV Units Sales In FY 2023 

The data released by the Society of Manufacturers of Electric Vehicles (SMEV) showed record-high sales for electric vehicles in India for the financial year 2023. The data showed that the EV industry had witnessed sales of 11,52,021 units, and this number increased by 58% compared to 7,26,861 units sold in the previous year.  Out of…

Tata Motors Asks For $600 Million To Expand EV Business

Tata Motors Asks For $600 Million To Expand EV Business

Back in the funding game, Tata Motors asks for $600 million in funding from global investors to set the electronic vehicle business in motion. Already marking its presence in the EV segment, it is not the first time that Tata has asked for funding. The auto giant has already raised $1 billion from TPG’s Rise…

Elon Musk Sold A Huge Chunk Of Shares In EV Business 

Elon Musk Sold A Huge Chunk Of Shares In EV Business 

Tesla CEO Elon Musk sold about 22 million shares of his electric vehicle business, which was worth around $3.6 billion, according to the financial filing out on Wednesday. The transaction took place between Monday and Wednesday, according to the filings with the Securities and Exchange Commission.  Earlier this month, Elon stated that he had no…

Chinese Carmaker To Bring Electric SUV To Indian Market Soon

Chinese Carmaker To Bring Electric SUV To Indian Market Soon

World’s largest electric vehicle company by volume ━ BYD ━ to step into the Indian mainstream electric vehicle market with an electric SUV. The electric car is expected to run on Indian roads in the upcoming festive season.  According to the reports, Warren Buffet-backed, a Chinese electric vehicle manufacturer, which took over Tesla last year,…

Ola Electric Aims To Build ‘World’s Largest Electric Vehicle Ecosystem At One Site’

Ola Electric Aims To Build ‘World’s Largest Electric Vehicle Ecosystem At One Site’

Ola Electric’s CEO Bhavish Aggarwal has outlined an ambitious plan to build the ‘World’s Largest Electric Vehicle Ecosystem At One Site’. The plan will be executed in the Future Factory of Ola in Tamil Nadu. Ola decided to manufacture two-wheeler electric vehicles, including scooters & motorcycles, cars, and batteries to be used in electric vehicles….

Mahindra Group Likely To Split Auto Business Into Three Units

Mahindra Group Likely To Split Auto Business Into Three Units

The Mahindra Group has initiated a restructuring to trifurcate which contributes 55% to the group revenue. The exercise will involve separating the electric vehicles (EV), tractors, and passage vehicles (PV) business into three independent companies via a demerger process, according to the people who know the plan. Currently, these belong to Mahindra & Mahindra as…

Two EV Caught Fire In Pune: Investigation Launches

Two EV Caught Fire In Pune: Investigation Launches

Ola S1 Pro, an electric scooter, caught fire in Lohegaon, Pune; the video went viral on the internet. The Ola themselves has launched an investigation to find the reason for the fire. However, now the government has also launched an investigation to find the root cause of the fire.  The investigation has been ordered by…

CESL‌ ‌Launched‌ ‌Tender‌ ‌Worth‌ ‌₹‌ ‌5,500‌ ‌ Cr.‌ ‌for‌ ‌5,580‌ ‌Electric‌ ‌Buses‌

CESL‌ ‌Launched‌ ‌Tender‌ ‌Worth‌ ‌₹‌ ‌5,500‌ ‌ Cr.‌ ‌for‌ ‌5,580‌ ‌Electric‌ ‌Buses‌

Delhi: Chief Minister, Arvind Kejriwal, flagged-off first e-bus on Monday, and 300 more buses will join the public transport system soon. CESL, Central Government Agency Convergence Energy Services Ltd., launched the biggest tender ever worth INR 5,500 crore to procure 5,580 buses, including double-decor, in the capital city, New Delhi.  With this, the Delhi government,…

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