EVS
Battery as a Service has more marketing value than real use for customers: Tata Motors
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
Economic survey 2025: Survey calls for tax breaks on EVs, subsidies on renewable energy for low-carbon lifestyles
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
What does the scrappage policy mean for auto companies? Abhishek Gaoshinde explains
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
Hyundai under pressure from Tata, Mahindra as $3.5 billion India IPO looms
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
Long-range EVs now cost less than the average new car in the US
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
Motherson Sumi Wiring capacity to go up 10% as two new plants get operational in Q1: Management
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
Maruti to broaden portfolio as hybrids outsell EVs: Shashank Srivastava
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 (EVs): What all to consider before buying specific covers; check details here
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
Tesla sales rise 36% in first quarter, following price cuts
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