Maruti to broaden portfolio as hybrids outsell EVs: Shashank Srivastava

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 (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

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

EVs will increase India’s dependence on China for raw materials, battery production: GTRI report

EVs will increase India’s dependence on China for raw materials, battery production: GTRI report

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 that … Read more

Want to bet on semiconductors, new-age tech & EVs? This DSP fund may be for you

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A study by DSP Mutual Fund also shows that there are more instances of drawdown in innovative funds compared to Nifty 50 and investments in a staggered manner using systematic investment plans (SIP) have generated higher returns over lump sum investments. Synopsis Investors eyeing new-age themes such as semiconductors, e-commerce, biotechnology, electric vehicles and fintech … Read more

In China, global automakers seek clarity from a more ambitious regulator

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By Yilei Sun and Brenda Goh For foreign automakers, selling in China – the world’s biggest car market and front-runner by far in the adoption of electric vehicles – can yield great rewards. But the regulatory headaches can also be really painful. A lack of transparency, insufficient lead time for new rules as well as … Read more

Most Indian customers could consider buying an electric vehicle by 2022: Study

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NEW DELHI: Most consumers in India would consider buying an electric vehicle by 2022, but most of them also believe that it won’t be until 2025 that the majority of new cars purchased are electric, according to a study by lubricants major Castrol. The study found that on an average for consumers in India, a … Read more