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
The stock market witnessed a slump on Tuesday, extending its correction phase with the Sensex dropping over 800 points and the Nifty shedding 200 points. This decline reduced the market capitalisation of BSE-listed companies by Rs 5.76 lakh crore, bringing it down to Rs 436.78 lakh crore. However, there are some key stocks that will … Read more
Tata Motors had won an order of 921 electric buses from BMTC in August 2022. | Photo Credit: File photo The Bengaluru Metropolitan Transport Corporation (BMTC) has received the first set of non-AC electric buses from Tata Motors, a commercial vehicle manufacturer, which are likely to be operational soon. “The BMTC received a few buses … Read more
TORONTO/SEOUL – South Korea-based LG Electronics Inc and automotive supplier Magna International Inc are launching a joint venture that will make key components for electric cars, the companies announced on Wednesday. The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to LG Electronics. … Read more