NSE’s index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is … Read more
Tesla founder Elon Musk told tech investors in Paris on Thursday he opposed U.S. tariffs on Chinese electric vehicles (EVs), an about-face from his January warning that trade barriers were needed or China would “demolish most other car companies in the world.” On Thursday, Musk said he did not favour measures that distorted the market. … Read more
Mumbai: The momentum of India’s primary market is poised to accelerate in 2024 with companies looking to raise more than ₹1 lakh crore through initial public offerings (IPOs), twice the ₹49,434 crore raised in 2023. The average size of such offerings is also expected to more than double to ₹2,000 crore, with several large-sized IPOs … Read more
Ola electric scooters. | Photo Credit: Special Arrangement Ola Electric on January 1 announced that it recorded 30,219 registrations in December and captured a 40% market share in the EV 2W segment (as per VAHAN Portal). The company clocked its highest ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of 74% … Read more
DETROIT: Tesla‘s first-quarter vehicle sales rose 36% after the company cut prices twice in a bid to stimulate demand. The electric car, SUV and heavy truck maker said it delivered 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000 … Read more
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After establishing its pilot battery-swapping project in India a few months ago and inking a deal with Metalman Auto for manufacturing its electric scooters, Taiwanese battery-swapping giant, Gogoro, has now homologated its 2 and 2 Plus e-scooters in India. Scoot, scoot! 🛵🛵 Gogoro battery swapping is now live in Singapore. #SwapAndGopic.twitter.com/HQa3PXkCi3 — Gogoro (@WeAreGogoro) March … Read more
TelioEV, Electric Vehicles (EV) charging network provider, announced the launch of India’s first human QR Code to make the environment better for our future generations. TelioEV, through its ‘Green Warriors Campaign’, aims to plant or adopt around 50,000 trees within a year to create a green planet by reducing Carbon footprint and bringing down the temperature. The primary focus is bringing … Read more
US safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls due to possible defects that could cause fires or stalling. The National Highway Traffic Safety Administration said the probe covered more than 138,000 vehicles with batteries made by LG Energy Solution of South Korea. General Motors, Mercedes-Benz, … Read more
China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, “imminently” and open sales centres in 15 major cities across the country. Liu Yongzhuo, president of the electric vehicle (EV) arm of the world’s most indebted property developer China Evergrande Group, made … Read more