[ad_1] I The International Finance Corporation (IFC) has announced to invest ₹600 crore in a new last mile mobility (LMM) company ¬ a wholly owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo). A gamechanger for microentrepreneurs in India, the funding is aimed at transforming the lives of micro entrepreneurs, operating electric […]
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[ad_1] Electric vehicles by various manufacturers on display in Thiruvananthapuram. File | Photo Credit: Mahinsha S Manufacturing of electric vehicles (EVs) in India will increase its dependence on China for raw materials, mineral processing, and battery production, according to a report of by economic think tank GTRI. The Global Trade Research Initiative (GTRI) also said […]
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[ad_1] The domestic components industry is benefitting from the manufacturing of components for internal combustion engines (ICE) moving to India. | Photo Credit: PERIASAMY M. India’s auto components industry is expected to grow around 10-15% in FY24, driven by both domestic and export market demand despite fears of a recession in major markets of the […]
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[ad_1] Tata Motors said it has seen increasing adoption of passenger car electric vehicles (EVs) in rural India and the demand was growing. “Since the introduction of Tiago EV, we have seen growing demand and increasing penetration of EVs in small towns,” said Vivek Srivatsa, Head, Marketing, Sales & Service Strategy, Tata Passenger Electric Mobility […]
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[ad_1] Prime Minister Narendra Modi stated that the government is very focussed on bio-fuel and it will bring a lot of opportunity for investors. File photo | Photo Credit: ANI Prime Minister Narendra Modi on Thursday, February 23, 2023, sought investments in green energy sector saying that the country’s potential in renewable energy is no […]
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[ad_1] Why is the discovery of lithium in Jammu & Kashmir a big deal for India? The last few days have seen a bit of excitement over the Geological Survey of India’s assertion that Jammu & Kashmir could hold an ‘inferred estimate’ of 5.9 million tonnes (mt). What does it mean for India? As we […]
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[ad_1] Thiruvananthapuram Corporation will be having a ‘green budget’ this year with proposals for more electric vehicles, increasing green cover and conversion to solar power in most government buildings in the city, according to official sources. The civic body is set to present the budget for the 2023-24 financial year on March 10. It is […]
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[ad_1] Representational image only. The complete electrification of India’s entire fleet of two- and three-wheelers, the largest in the world, will require financing to the tune of $285 billion (nearly ₹23 lakh crore), according to a new white paper. Published in collaboration with NITI Aayog, the World Economic Forum (WEF) paper said the last-mile and […]
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[ad_1] The city-headquartered company of the Hinduja Group is planning to raise around $200-250 million to support its electric vehicles (EV) arm — Switch Mobility The city-headquartered company of the Hinduja Group is planning to raise around $200-250 million to support its electric vehicles (EV) arm — Switch Mobility Hinduja Group flagship Ashok Leyland is […]
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[ad_1] Tata Motors touched the 50,000-unit production milestone with their electric vehicle range in India. The carmaker currently has four EVs in its line-up —Nexon EV, Tigor EV, the fleet-only XPres-T EV and the recently launched Tiago EV. Electric vehicle adoption has seen an uptick in the recent past, but that is no surprise given […]
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