In a Q&A, Naveen Munjal outlines his plans for the company and his learnings With no playbook available for a success formula for launching an electric vehicle, Naveen Munjal jumped started Hero Electric in 2007. A lot has changed since then. With a major policy push, incentives, India is looking to promote usage of electric […]
Electric Vehicles
Is it easy to own an EV in India? – EQ Mag Pro
India’s EV sales numbers offer a modicum of hope that vehicle buyers are starting to increasingly embrace this new type of vehicles. However, is this all we must focus on? It is not a secret that electric vehicles in India are finding growing acceptance among the masses. In fact, Tata Motors had recently shared that […]
GM Details Plan to Double its Revenue, Drive Even Higher Margins – EQ Mag Pro
Unlocking growth in EVs through the Ultium hardware platform and leadership in software and services through the Ultifi platform Planning to double annual revenues and expand EBIT-adjusted margins to 12 to 14 percent Leading the race to commercialize AVs Launching new businesses to add customers and diversify revenues Increasing investment in EV charging WARREN, Mich […]
Electric vehicle batteries: Major players and their expansion plans – EQ Mag Pro
The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing a skills shortage. Global sales of EVs, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new […]
Volvo plans $2.9B IPO to fund electric vehicle plans – EQ Mag Pro
Stockholm : Swedish automaker Volvo said Monday it plans to raise at least 25 billion kroner (USD2.9 billion) by selling shares to fund its electric vehicle transformation strategy. Volvo and its parent company, Chinese carmaker Geely, have applied to hold an initial public offering on the Nasdaq Stockholm. The money raised from the IPO will […]
Tata Motors unveils the power packed, PUNCH India’s first sub-compact SUV – EQ Mag Pro
Offers 4 distinct ‘Personas’ with customization packs to match diverse lifestyles Nationwide bookings open today A ‘No’ compromise SUV with Bold and Stunning design, Premium and Spacious interiors Offers the agility of a hatch with the DNA of an SUVEnjoy a spirited Performance with absolute safety, class leading comfort, advanced infotainment and rich connectivity. Tata […]
Bengal industrial growth corridor may see Rs 43,000cr investment: WBIDC – EQ Mag Pro
Kolkata : West Bengal’s proposed industrial growth corridor between Haldia and Durgapur may see an investment of Rs 43,000 crore over the next three to five years spread, a senior WBIDC official said on Monday. An electrified, high-speed, freight-only corridor from Ludhiana in Punjab to Dankuni in West Bengal will boost the proposed industrial growth […]
Maharashtra signs MoU worth ₹2,823 crore to manufacture electric vehicles – EQ Mag Pro
The MoU signed with Causis E-Mobility Pvt Ltd, a joint venture of United Kingdom (UK)-based Causis Group, is expected to help Maharashtra transform it into a leading state in terms of adoption of EVs in the country, officials said. The Maharashtra government on Friday signed a memorandum of understanding (MoU) with an automobile firm for […]
Mumbai: EVs go to town – EQ Mag Pro
City hosted a unique electric vehicle rally on Saturday; Aaditya Thackeray calls it ‘a great beginning’; more charging points in residential areas, malls and public parking spaces in six months The city on Saturday played host to a unique green number plate rally. For the first time, electric vehicles (EVs) showed themselves off at a […]
Electric vehicles: The revolution is finally here – EQ Mag Pro
After years of talk from carmakers, the industry is rapidly being transformed as companies stake their future on EVs. At the start of the year, executives at electric carmaker Polestar drew up ambitious sales plans for the UK. Within weeks, they had to tear them up. Demand was rising so quickly that the new targets […]