Electric vehicles

India's manufacturing growth eases in August, stays above long-run average

India's Manufacturing Sector Maintains Resilience Amid Slowdown

India's manufacturing sector growth has slowed, but remains above the long-run average, according to HSBC India's PMI data. The sector's resilience and strategic planning are crucial to India's $10-trillion ambition, with focus areas including semiconductors, electronics, electric vehicles, renewable energy, and defence.

Sep 2, 2024

IBT CEO Awards 2024: Ather Energy's Tarun Mehta Among Top CEOs in India

In the burgeoning landscape of electric vehicles (EVs) and sustainable mobility, Tarun Mehta has emerged as a driving force, spearheading innovation and transforming the Indian automotive industry through his leadership at Ather Energy.

Jul 7, 2024

India awaits Musk's response as Centre clears road for Tesla's entry

Tesla lovers in the country are anxiously waiting for the first response from Elon Musk after the government approved a new electric vehicle (EV) policy that is designed to attract investments in the EV space by global manufacturers like the Musk-run electric car company.

Mar 16, 2024

EVs to get cheaper: Centre proposes customs duty exemption on batteries; industry hails decision [details]

Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech said that the subsidies on EV batteries will be extended for one more year, hence making EVs cheaper in the country.

Feb 1, 2023

Massive treasure hunt in Greenland glacier gets backing from Jeff Bezos, Bill Gates

Some of the world's richest men, including Jeff Bezos and Bill Gates, are funding a massive treasure hunt, complete with helicopters and transmitters, on the west coast of Greenland.

Aug 9, 2022

Ola Cars to hire 10,000 people, expand to 100 cities

Ola shuts used cars business, winds up Q-commerce platform Ola Dash

Ride-hailing platform Ola has shut down its used vehicle business Ola Cars as well as Ola Dash, its quick-commerce business, at a time when Indian companies are pouring money into the 10-15 minute grocery delivery market.

Jun 25, 2022

Chinese firm builds electric battery that enables 1,000-km on single charge by utilizing 'CTP, Qilin' technology

China's leading automotive lithium-ion battery maker, Contemporary Amperex Technology Co Ltd (CATL), revealed a new battery that provides electric vehicles with a driving range of over 1,000 km on a single charge.

Jun 25, 2022

Sony, Honda join hands for new electric vehicles company

Tech giant Sony and automaker Honda have joined hands to establish a new company that will engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility.

Jun 17, 2022

Ola Electric lands in trouble again, customer claims accident due to faulty scooter; Company denies

Ola Electric, on the other hand, refuted these claims, claiming that the scooter in question is in perfect working condition.

Apr 22, 2022

4,000 luxury cars like Lamborghinis, Bentleys sink in the Atlantic

4,000 luxury cars sink in Atlantic ship fire incident; Lamborghinis, Bentleys and Volkswagen among them

Nearly 4,000 luxury cars like Porsches, Lamborghinis, Bentleys and Volkswagen -- along with several high-end electric vehicles -- have sunk aboard a cargo ship in the Atlantic that caught fire last month.

Mar 2, 2022

BHU develops onboard chargers for e-vehicles

Researchers at the department of electrical engineering, Indian Institute of Technology (Banaras Hindu University) have developed a new technology for onboard chargers for vehicles.

Jan 27, 2022

tesla-ceo-musks-upbeat-tweets-about-china-boost-stock

Tesla reached breakthrough in 2021 with $5.5 bn net income: Elon Musk

Elon Musk has said that 2021 was a breakthrough year for Tesla and for electric vehicles in general, as the EV maker ended last year with $5.5 billion in net income, compared to $721 million in 2020.

Jan 27, 2022

Israel Ambassador to Hungary (left) with British Ambassador Paul Fox who arrived in a London cab

The iconic London cab may hit Indian roads soon; electric, powerful and classy

London Electric Vehicle Company (LEVC), a subsidiary of Chinese Auto Group, Geely is partnering with Exclusive Motors to launch the TX electric car in India.

Oct 28, 2021

Electric Vehicles: Reduction in cost to push market penetration of EVs, especially scooters [Report]

Because of their greater urban presence, Ind-Ra believes that e-scooters will be at the forefront of electrification in this business area.

Oct 9, 2021

Electric vehicles will dominate auto sales 5 years sooner than projected: EY Report

According to consultancy firm EY, electric vehicle (EV) sales in the United States, China, and Europe will overtake all other engines five years sooner than previously predicted.

Jun 26, 2021

Saudi Aramco IPO: Oil giant may beat valuation shock with record stake sale

Saudi national oil company Aramco lowers valuation target to $1.71-trillion from earleir $2 trillion; 1.5% stake sale could still top Alibaba's $25-billion IPO to become the world's biggest.

Nov 18, 2019

Low quality Chinese batteries slowing down India's EV push?

Notably, the development has come against the backdrop of Finance Minister Nirmala Sitharaman announcing a corpus of ₹10,000 crore in March under India's Faster Adoption and Manufacturing of Hybrid and Electric Vehicles or FAME 2 scheme-to expand commercial vehicle fleet.

Aug 21, 2019

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