The Ireland-based $19 billion company has enough reserves for resource acquisition in India, Shailendra Shukla, MD, Vehicle Group and E-Mobility tells ETEnergyworld in an interview Multinational power management giant Eaton Corporation is focusing on increasing…Read More… Source: PTI
India’s EV adoption in 2-wheelers happening fast, but future growth depends on govt incentives: Bajaj Auto execs – EQ Mag
New Delhi : Adoption of electric mobility in the two-wheeler segment is happening at a faster pace in India than elsewhere, supported by a favourable policy environment, but the rate of growth going ahead will depend on the continuation of incentives by the central and state governments, executives at Bajaj Auto said. Bajaj Auto executive […]
Subsidy withdrawal entice EV makers towards imports – EQ Mag
The government’s intense crackdown on electric two-wheeler (e2W) makers for flouting norms may force several of the smaller players to overlook the subsidy benefit and instead opt for importing of components as the Centre continues to maintain a hard stance on the matter. The government froze subsidy pay-outs ranging between Rs 15,000-60,000 per vehicle a […]
Unveiling of FAME 3 scheme hinges on unspent scheme funds by FY24 end – EQ Mag
India may roll out the next phase of its key subsidy scheme for electric vehicles —-Faster Adoption and Manufacturing of Electric vehicles only if the funds allocated for it are not fully exhausted at the end of the current financial year, officials said. Industry has been pressing for extending the incentives offered under the FAME […]
Demand for electric cars ‘booming’: IEA – EQ Mag
The global auto industry is undergoing a sea change, with implications for the energy sector, as electrification is set to avoid the need for 5 million barrels of oil a day by 2030 Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car […]
Hyundai begins delivery of Ioniq 5 EV in India – EQ Mag
Hyundai India has started delivering the Ioniq 5 EV to its customers in India. The electric SUV was launched at Auto Expo 2023 in January this year. Coming with a starting price of ₹44.95 lakh (ex-showroom), the eSUV was up for pre-orders since January. Buyers had to pay a booking amount of ₹1 lakh. The […]
All-electric MG Comet EV launched in India at Rs 7.98 lakh – EQ Mag
MG Comet EV launched in India at Rs 7.98 lakh. Bookings for the MG Comet will begin on May 15, with deliveries starting soon after. The much-awaited MG Comet electric car is now officially on sale in India at Rs 7.98 lakh ex-showroom. The MG Comet EV is the carmaker’s second all-electric offering after the […]
Lohia Launches Narain Electric 3 Wheeler Limited Edition to Drive EV Revolution – EQ Mag
New Delhi : India’s first electric vehicle manufacturer, Lohia, has announced the launch of the Narain electric 3 wheeler Limited Edition, an addition to their existing portfolio of two and three wheeled battery-operated vehicles. The new product offers a range of 100 km per charge, making it ideal for last-mile connectivity and short-distance commutes. The […]
Meet the future of Van Life: GAC’s sleek autonomous electric camper van unveiled – EQ Mag
The Mars Rover-looking vehicle that we have right here may have as well been designed by Tesla with help from SpaceX in preparation for the first mission to Mars. But no, this sci-fi-themed van is a concept vehicle from GAC – a state-owned automaker from China. Aptly named Van Life, it is already the second […]
Tesla raises 2023 spending forecast as it races to ramp up output – EQ Mag
Tesla Inc raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles. The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year, higher than […]
