Tata Motors, one of the large automobile companies, have made a big plan for the segment of electric vehicles (EV). For this, the company will invest Rs 35,000 crore (about 4.1 billion dollars) in the next five years. EV sales have increased rapidly over the years. The target of Tata Motors is to strengthen its…
Sales of electric two-wheelers have increased rapidly in the last few years in the country. Last month, 1,00,345 units have been sold in this market. This is an increase of about 9.32 percent as compared to April. In April, 91,791 units of electric two-wheelers were sold. Last month, TVS Motor has secured first place in…
Hyundai, one of the large automobile companies, recently launched the electric version of the Creta SUV in India. This is the company’s most affordable electric vehicle (EV). The range in its single charge is more than 470 kilometers. Hyundai has reported that more than 4,000 units have been sold since the launch of Creta Electric….
Electric vehicles (EV) sales have increased rapidly in the last few years in the country. Last month, sales of electric cars have crossed the four percent mark for the first time. It was 2.6 percent in the same month of last year. In April this year, the cells of electric cars were around 3.5 percent….
Controversy continues between American President Donald Trump and Billionaire Elon Musk. Trump has said that he is considering cancellation of government contracts received by Musk’s companies. America is a major market for Musk’s companies. A dispute with Trump -led US government may have an impact on the billions of dollars of Spacex’s rocket company Spacex…
The disputes between American President Donald Trump and Billionaire Elon Musk have been affected by the markets. It has also suffered a loss to Musk’s electric vehicle (EV) company Tesla. Tesla’s share price has declined drastically. It is feared that Trump’s displeasure may reduce the business of companies like Musk’s Tesla and Spacex. America is…
Among the large automobile companies, Mahindra & Mahindra’s XEV 9E and Be 6 Electric SUVs have received good response from customers. The company has delivered more than 10,000 units of XEV 9E and BE 6 in 70 days. Mahindra & Mahindra got more than 30,100 units of bookings for these electric SUVs. The XEV 9E…
The new EV policy of the Central Government can be launched soon to promote the industry associated with electric vehicles (EV) in the country. The objective of this policy is to encourage international automobile companies to manufacture EVS in the country. However, Tesla of Billionaire Elon Musk is not much interested in this policy. The…
One of the large companies in the electric two-wheeler market is increasing difficulties for Ola Electric. The company’s loss in the first quarter of the current year has declined drastically after its share price increased to about Rs 870 crore. Ola Electric has also been shocked by South Korea’s automobile companies Hyundai Motor and Kia….
Electric vehicles (EV) market has increased rapidly over the years. One may soon apply for a new policy with the aim of bringing International Electric Vehicle Makers in India included in large automobile markets. In this policy, these companies will be offered less import duty on manufacturing EV in the country. This policy was announced…