Honda Motorcycles and Scooter India (HMSI) has finally unveiled that it will be bringing multiple electric two-wheelers to India by next year. HMSI has unveiled that it will bring in two EV models in 2024, that will feature both fixed and swappable battery technology. It has further been confirmed that these electric two-wheelers will be […]
Chinese lithium producers set price floor as demand evaporates: sources – EQ Mag
BEIJING : China’s top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate, six people familiar with the matter said, in an effort to slow a plunge in the price of the battery raw material. The price was agreed on Tuesday by around 10 companies […]
TVS Motor is gradually gaining a grip in electric vehicle segment – EQ Mag
For TVS Motor Co. Ltd, increasing electric vehicle (EV) penetration was flagged as a key risk as the automaker derives a significant portion of its volume from internal combustion engine (ICE) scooters. This segment is the most vulnerable to rising EV adoption. But with TVS focusing on electrification, volumes of its EV product, iQube have […]
Omega Seiki Mobility (OSM) partners with cKers Finance to provide retail finance for electric three wheelers – EQ Mag
NEW DELHI : As an effort towards encouraging Electric Vehicle (EV) adoption in the country, Omega Seiki Mobility, an Anglian Omega Group Company and cKers Finance Private Limited (“cKers”), a non-banking financial company (NBFC) focused on financing climate friendly businesses including electric vehicles in India, has signed a Memorandum of Understanding. Through this tie-up, Omega […]
Hyundai Ioniq 5 enters India Book of Records for fastest EV drive – EQ Mag
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 […]
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 […]
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 […]
Ford says EV unit losing billions, should be seen as startup – EQ Mag
DETROIT : Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. The figures were released Thursday as Ford rolled out a new way of reporting financial results. The new business […]
More than 2.78 lakh EVs registered in India in Jan-March 2023: Gadkari – EQ Mag
New Delhi : Union Road Transport and Highways Minister Nitin Gadkari on Thursday said more than 2.78 lakh electric vehicles have been registered in the country in 2023 calendar year so far. Andhra Pradesh and Madhya Pradesh are in the process of migrating to Vahan portal and hence their data on EV registration is partially […]
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 […]