L&T Finance to offer loans at the lowest interest rate @ 6.99% per annum Customers can avail up to 100% of the Loan-to-Value (LTV) without any income proof Loan from L&T Finance can be availed hassle-free without any hypothecation Turn-Around-Time (TAT) for availing the loan is below 5 minutes and with on-the-spot approvals Mumbai : […]
Euler Motors and Fyn Partner to Transform India’s Logistics with Fast Charging EVs – EQ
● Fyn to procure 2000 fast charging Euler HiLoad EVs from Euler Motors to meet the growing demand from the logistics industry ● Partnership is a part of Fyn’s expansion plans into new geographies like Mumbai, Delhi and Coimbatore ● Euler Motors is expected to deliver over the next 18 months ● With this partnership, […]
Godawari Electric Motors lines up Rs 100 cr over next 3 yrs for biz expansion – EQ Mag
The Raipur-based firm moved into the electric two-wheeler segment with the launch of Eblu Feo, tagged at Rs 99,999 lakh. Godawari Electric Motors lines up Rs 100 crore over the next 3 years for business expansion Godawari Electric Motors stated it will be investing Rs 100 crore over the next three years to develop new […]
Maharashtra: Electricity usage by EVs rises from 4.56 million units in Sep last year to 14.44 million units in July 2023, says MSEDCL – EQ Mag
Mumbai/Thane : The power usage for electric vehicles (EVs) rose more than three-fold from 4.56 million units in September last year to 14.44 million units in July 2023, the Maharashtra State Electricity Distribution Company Limited said on Monday. State-run MSEDCL, also called Mahavitaran, is the nodal agency for providing charging stations for EVs, as well […]
India sees over 120% growth in EVs, hybrid vehicles surge 400% – EQ Mag
Assistance systems (ADAS) rapidly expanded by 350 per cent (year-on-year) and the adoption of connected and digital cockpit features continue to gain steady traction in passenger vehicles, surpassing 60 per cent, according to the report by CyberMedia Research (CMR). India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this […]
India Electric Mobility Council demands continuation of incentives for electric vehicle sector – EQ Mag
New Delhi : Industry body IEMC on Thursday demanded continuation of incentives given to electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from estimated 125 million. According to India Electric Mobility Council (IEMC), India Energy Storage Alliance (IESA) has estimated that on discontinuation […]
Threatened by shortages, electric car makers race for supplies of lithium for batteries – EQ Mag
General Motors Co. and the parent company of China’s BYD Auto Ltd. went straight to the source and bought stakes in lithium miners, a rare step in an industry that relies on outside vendors Threatened by possible shortages of lithium for electric car batteries, automakers are racing to lock in supplies of the once-obscure white […]
Punjab announces Rs 300-crore incentive to promote use of electric vehicles – EQ Mag
These incentives will be provided on electric two-wheelers, e-cycles, e-rickshaws, e-autos and electric light commercial vehicles Punjab’s transport minister Laljit Singh Bhullar has said the state government will provide incentives worth around Rs 300 crore in the next three years to promote the adoption of electric vehicles (EVs) and reduce pollution. He directed the officials […]
Chandigarh: ₹7.66 crore in incentives released for 1,246 electric vehicles in 8 months – EQ Mag
The incentives have been provided against the purchase of 1,246 electric vehicles, including 326 four-wheelers, 895 two-wheelers and 25 three-wheelers In a bid to encourage adoption of electric vehicles, Chandigarh Renewable Energy and Science & Technology Promotion Society (CREST) has released ₹7.66 crore in incentives since the launch of the Electric Vehicle policy in September […]
Genesis Pioneers Facial Recognition in Electric Vehicles, Raising the Question: When Will We See It in Action? – EQ Mag
Genesis, a luxury vehicle division under the Hyundai Group, is spearheading a new technological innovation in the automotive industry. It’s set to roll out the GV60, the first EV worldwide to boast facial recognition technology. While this cutting-edge feature sounds undeniably intriguing, the real mystery is when it will hit the roads in full stride. […]