OLA Electric is the new addition to the list of new IPOs from India and more recently, the Securities and Exchange Board of India (SEBI) gave its nod for the EV maker to go public.
A 9-metre retrofitted bus costs INR 19 per km, a 12-metre retrofitted bus with two batteries costs nearly INR 22 per km and a 12-metre retrofitted bus with three batteries costs marginally more than INR 23 per km.
Category acceptance from smaller towns is the key to growth and we have achieved it, Vivek Srivatsa, chief commercial officer, Tata Passenger Electric Mobility
The country has shown the ability to leapfrog when it comes to shift to new technologies especially in the automotive segment, Anish Shah, chief executive officer of Mahindra Group said.
The company is looking at an annual output of one million units across its three production lines in the medium term, according to the company's preliminary IPO papers filed with SEBI.
With favourable economics, rapid EV sales growth, and a robust ecosystem comprising power utilities, EV manufacturers, battery producers, and charging infrastructure, India Inc. has all the necessary tools to propel itself as a leader in clean energy mobility
GST, reallocation of subsidies including FAME and PLI, and boost for recycling and R&D among concerns of electric vehicle sector ahead budget session mid-July.
Under this system, vehicles will receive between one and five stars, indicating their safety in a collision. Known as BNCAP, this voluntary rating system was implemented on October 1, 2023.
The Ace EV is powered by EVOGEN powertrain that offers an unparalleled driving experience with a 7-year battery warranty and a 5-year comprehensive maintenance package.
As part of the new business chapter, Clean Mobility Solution India Pvt. Ltd. plans to establish a dedicated manufacturing facility in Pune to localise and indigenously manufacture its flagship product, Zbee, making it a 'Made in India' three-wheeled passenger EV for global markets.
The production of two-wheelers, like many other industrial processes, generates a variety of waste products that, if not managed properly, can have significant environmental impacts.
The diverse services cater to Dubai's cosmopolitan population, offering city rides, airport rides, hourly rental bookings within the city as well as drop-off to other Emirates.
Sector experts suggest that the sharp decline this May could be due to a combination of factors such as changes in government policies and customer interest shifting towards hybrids as well as the general elections.
The new index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds and structured products.
Even if car detailing for ICE vehicle or EV is almost identical, we have a lot of techniques and information that we can use to ensure that the effluence are reduced to the bare minimum.
It will fuel the company's strategic initiatives aimed at driving product development, bringing new variants, enhancing technological capabilities, and accelerating R&D efforts.
Earlier, the government had issued recovery notices to these companies and expected to recover around INR 155 crore from Hero Electric, INR 125 crore from Okinawa, and INR 50 crore from Benling.
We must develop solutions that increase pedestrian awareness of EV presence, such as implementing pedestrian alert systems or enhancing vehicle design for improved visibility.
India imposes customs duty ranging between 70 per cent and 100 per cent, depending on the engine size and cost, insurance and freight (CIF) value on cars imported as completely built units.
Designed for the challenging Indian environment, Harmony Gen 1.5 DC Fast Chargers function effectively in cold, hot temperatures and salt environments.
The transaction marks the first-ever project financed by a Japanese bank in the e-mobility domain in India and is also SMBC's first project finance transaction in the sector for the APAC region.