CHENNAI : Small town India is taking to electric scooters in a big way. According to Ola Electric, smaller locations like Durg in Chattisgarh, Belgaum, Tumkur and Hassan in Karnataka, Ernakulam in Kerala and Tirupur in Tamil Nadu are boasting 35%-60% penetration in electric scooters. “Kolhapur is among the top five penetration markets, Belgaum has […]
Charged Up: Luxury auto companies are set to drive in more EVs in FY24 – EQ Mag
Mumbai : Almost a dozen luxury electric cars and SUVs are set to hit the Indian roads this fiscal year, as manufacturers seek to align their product strategy with the trend in a market where adoption of greener mobility is growing at a fast clip. Out of the 48 passenger vehicle launches scheduled for the […]
Solution to pollution: Are electric cars ‘green’? – EQ Mag
Electric vehicle (EV) sales have picked up pace as buyers see them as a greener alternative to traditional combustion engines. But we might be placing a disproportionately large bet on these vehicles as a solution to pollution.There is, and rightfully so, growing acceptance for EVs as they are considered less detrimental to the environment than […]
Sri Lanka to convert 500,000 tuk-tuks to EVs – EQ Mag
Colombo, Facing a severe energy crisis amid the financial downturn, Sri Lanka mulls to switch to electric mobility by converting 500,000 ‘tuk-tuks’ (autorickshaws) to electric vehicles (EVs) within the next five years. Backed by the United Nations Development Program (UNDP) in Sri Lanka, the Ministry of Transport and Highways and the Ministry of Power and […]
Royal Enfield to pump in Rs 1000 crore in TN, plans to roll out electric vehicles – EQ Mag
This investment will focus on bringing new Royal Enfield bikes to the market, both petrol and electric. In a bid to cater to the growing demand for Royal Enfield motorcycles, parent company Eicher Motors intends to invest over Rs 1,000 crore in FY24. Royal Enfield posted its highest ever sales of 8,34,895 motorcycles in FY23, […]
Companies that come clean will soon get incentives under FAME-II – EQ Mag
The government is committed to accelerating the transition to e-mobility and will release stalled incentives to all electric two-wheeler manufacturers that receive a clean chit in ongoing investigations over the next few weeks, a senior government official said. The government will continue to support industry stakeholders to shift to clean mobility as long as they […]
US investor Vanguard marks down Ola’s valuation by 35% to $4.8 billion – EQ Mag
Vanguard reportedly has about 0.7 per cent stake in the ride-hailing firm US-based investment management firm Vanguard Group has marked down the valuation of ANI Technologies, the parent company of ride-hailing firm Ola, by about 35 per cent to $4.8 billion from $7.4 billion, according to a filing. The value of Ola’s shares held by […]
Magenta Mobility Appoints Satyen Sail as New Mobility Business Head – EQ Mag
Satyen has over 27 years of work experience with international brands such as Coca-Cola, Vodafone, Kingfisher, and Reliance. Magenta Mobility, an integrated Electric Mobility solutions provider, has appointed Satyen Sail as its new Mobility Business Head as the company gears up for growth post its recent investment. Satyen has over 27 years of work experience […]
This tiny electric car comes with a body made of plants, promises a 150 km range – EQ Mag
Liux Geko is a micro-electric car made by a Spanish startup named Liux, comes with a truly sustainable nature. The EV is claimed to have its body materials made from plants. The startup claims that this tiny urban EV is a smaller and more affordable follow-up to the Animal crossover that was unveiled in late […]
More Lithium For EVs: After J&K, New Reserves Found In Rajasthan – EQ Mag
Lithium reserves have reportedly been found in Degana’s Renvat hill and its surrounding areas in Rajasthan, which once supplied tungsten to the country As per officials, the quantity of lithium in Degana is higher than in Jammu & Kashmir and can cater to 80% of the country’s demand Lithium is one of the major elements […]