Hyundai Ioniq 5 has been awarded with the ‘Fastest EV Drive’ covering the 7 wonders of India. The Ioniq 5 is an electric SUV that was first unveiled at Auto Expo 2023. It is the company’s second SUV in India. Hyundai Ioniq 5 e SUV comes with a starting price of ₹44.95 lakh (ex-showroom). Hyundai […]
Electric Vehicles
State mulls to set up ‘Centre of Excellence’ on electric vehicles – EQ Mag
kolkata: The state government is planning to set up a Center of Excellence (COE) on e-vehicle which will act as a skilling hub for East and Northeast India. The State is looking for a partnership with the UK government on getting the knowledge and technology transfer for the creation of the COE. The state has […]
M&M to raise up to $1.3 bn for EV unit – EQ Mag
Mahindra & Mahindra Ltd is in advanced talks with global investors to raise $1-1.3 billion by selling shares in its electric vehicles (EV) unit, people familiar with the development said, adding the move is aimed at accelerating the expansion plans of its newly formed subsidiary, EV Co. Mahindra is likely to raise capital in multiple […]
UK to assist West Bengal in creating workforce for upkeep of EV infra – EQ Mag
Kolkata : The UK will assist West Bengal in creating a technical workforce for maintenance of its EV infrastructure, which is poised to grow at a rapid pace as India switches over to electric mobility over the next few years, officials said on Tuesday. As a part of the initiative, the state government is planning […]
Mahindra to raise up to $1.3 billion for its electric vehicle unit: Report – EQ Mag
Indian automaker Mahindra and Mahindra Ltd is in advanced talks with global investors to raise between $1 billion and 1.3 billion to accelerate the expansion of electric vehicle unit, Mint reported The company plans to raise capital by selling shares in its unit, currently valued at over $9.1 billion, in multiple tranches over the next […]
VoltUp partners with BSNL to set up electric vehicles battery swapping stations – EQ Mag
Initially, under the partnership battery swapping stations will be set up in four locations across Gurugram, enabling an infrastructure of over 150 charging docks, the company said in a statement. Battery-as-a-Service (BaaS) startup VoltUp on Wednesday said it has partnered with BSNL for setting up electric vehicles battery swapping stations in the country. Initially, under […]
Rise in EV rental of 2-wheelers in india – EQ Mag
Electric vehicle (EV) rental services, particularly for 2-wheelers, have seen a significant rise in India in recent years. This can be attributed to various factors, including the growing awareness about the benefits of EVs, the increasing availability of charging infrastructure and the government’s push towards the adoption of electric vehicles. In 2021, electric two-wheeler sales […]
Policy fuels EV race – EQ Mag
Tamil Nadu is top of the heap when it comes to electric vehicle investments, but where does the state stand in terms of EV sales? Although it is one of India’s top 5 EV markets, TN ranks No 4 and is significantly behind the top three (Uttar Pradesh, Maharashtra and Karnataka) in sales, says a […]
How state EV policies are revving up the shift towards electric mobility – EQ Mag
Launched by the Indian government in 2015, Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) schemes I and II have been widely successful in strengthening electric vehicle (EV) adoption across India. The schemes provide financial assistance to manufacturers to set up facilities, as well as to consumers who purchase EVs – through various […]
Outcome Budget: Average fleet utilisation of DTC buses saw minor decline – EQ Mag
New Delhi : The average fleet utilisation of DTC buses saw a minor decline to 83.2 per cent against a target of 86 per cent, while the figures saw an increase for cluster buses to 98.83 per cent, according to the Outcome Budget 2022-23. Fleet utilisation is the percentage of buses on roads in comparison […]