Shares of Ola Electric Mobility surged as much as 6.6% on Tuesday to Rs 51.80 on the BSE after the company announced that it has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio, a move the company said will strengthen margins and profitability from the ongoing quarter of the current financial … Read more
Tata Motors, the country’s largest electric passenger vehicle (PV) manufacturer in terms of volume, believes that the Battery as a Service (BaaS) model has more of a marketing value than real use for customers. Under the BaaS model, buyers do not have to pay the price of the battery up front, significantly reducing the acquisition … Read more
Representative image | Photo Credit: Getty Images Tax breaks on electric vehicles and subsidies on renewable energy can motivate people to switch to low-carbon lifestyles, the pre-budget survey 2024-25 said on Friday (January 31, 2025). There are several effective mechanisms to promote low-carbon lifestyles and advance sustainable development with the Emissions Gap Report 2020 from … Read more
Abhishek Gaoshinde of Sharekhan By BNP Paribas, says it is not a mandatory policy, it is a voluntary policy. As long as it is voluntary, the success or the impact of the EV or any other thing would be dependent on the kind of value that the owner is getting. If an owner is getting … Read more
Tata Motors Ltd. and Mahindra & Mahindra Ltd. are closing in on Hyundai Motor Co.’s No. 2 position in India, putting pressure on the South Korean automaker just as it prepares for a record $3.5 billion listing of its local unit. While Hyundai has long wrestled with Tata Motors for the second spot, Mahindra — … Read more
The automotive industry has entered a fiercely competitive phase in the electric vehicle transition, and it’s producing an intriguing result for US car buyers: the first long-range EVs that are cheaper to buy than the average gas-powered car.At least three manufacturers — Tesla, Hyundai-Kia and General Motors — now offer EVs with more than 300 … Read more
Mahender Chhabra, CFO & Anurag Gahlot, COO, Motherson Sumi Wiring, in conversation with ET Now. Gaholot says Motherson Sumi Wiring finds the market very interesting and expects very good growth in the future as well. Volume is growing from the OEMs who ate adding capacities and customers are also choosing feature-rich models or topline models. … Read more
Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India Ltd, says: “We could expect the month to end around the 375,000 mark for the industry, that should be about 11% growth over last year. March being the last month of the financial year, we are expecting industry sales to be about 42,35,000 or … Read more
Insurance for electric vehicles: Electric vehicles or EVs are gradually gaining popularity in the Indian market. Official data shows that electric vehicles (EVs) accounted for more than 6 per cent of vehicle sales in India in 2023, with electric two-wheelers (E2Ws) constituting over half of the market. Around 5 years back, it was around 1 … Read more
