Toyota, Japan's biggest automaker, agreed to take a 5 percent stake in smaller rival Mazda in August and the two have flagged plans to jointly develop electric vehicle technologies.
Speaking to Moneycontrol on the sidelines of the launch of the compact sports utility vehicle Nexon Guenter Butschek, managing director, Tata Motors said, “We will have something important to announce about electric vehicles in the next few weeks”.
The auto industry is gearing up for the transition into electric vehicles. How prepared is the sector and which manufacturers will be impacted? In an interview to CNBC-TV18, Hemant Luthra, Chairman, Mahindra CIE Automotive, Prakash Diwan of Altamount Capital Management and Bertrand D'Souza, Editor-In-Chief of Overdrive shared their views and readings on the same.
The Tata Tiago EV can sprint from 0-100 km/h in less than 11 seconds in sports mode. The car can go 100 km on a single charge. Weighing 1040 kg, the car can achieve a top speed of 135 km/h. Launched in April 2016, Tiago has been Tata’s bestseller since the launch. Tata Tiago sales crossed 7,000 sales mark for the first time in 2017 August.
Herbert Diess, who heads the mass market Volkswagen brand, said the world's largest carmaker by sales expects SUVs to account for 40 percent of its global sales, up from less than 15 percent today.
"Despite rapidly falling battery costs, we expect a long- range electric vehicle (EV) to remain too expensive for mainstream adoption without major government subsidies," UBS said in a research note.
Tata Power's aim is to build a network to make it easier for people to adopt to electric vehicles and be future ready, the company said in a statement.
The automaker and affiliate Kia Motors Corp , which together rank fifth in global vehicle sales, also said they are planning 31 eco-friendly models by 2020, up from a previously flagged 28.
Norway has the highest per capita number of all-electric cars in the world: more than 100,000 in a country of 5.2 million people
The company, which sells utility vehicles ranging from compact KUV100 to XUV500, also has plans to introduce a new electric vehicle in the next two years.
Automobile giant Mahindra & Mahindra is eyeing a capacity of 5,000 e-vehicles a month by 2019 which will be expanded further.
Japanese automaker Nissan is exploring the launch of its all-electric vehicle Leaf in the country.
India's very own Tesla is off to a crooning start in Hyderabad -- Gayam Motor Works: the company that Ola is reportedly looking to partner with for its electric vehicle (EV) foray, told CNBC-TV18 that their swap stations to refuel lithium-ion batteries could propel the EV story here.
The company today announced a partnership with Zoomcar, a self-driven car-rental firm, to promote shared mobility of electric cars in India.
Owned by innovator and serial entrepreneur Elon Musk, Tesla has not given in to India's offer of land near a major port to facilitate exports, and other incentives.
Toyota and Suzuki heads met up on Thursday to discuss future alliance between the two companies, a partnership that was announced last month.
ChargePoint, which operates the world's largest network of electric vehicle charging systems with over 33,000 charging ports in the United States, Canada and Mexico, said it had secured the initial USD 82 million in funding, and that investors had committed to the remainder in what would be a second close soon.
But the carmaker's operations continued to burn through cash, and Chief Executive Elon Musk told analysts on a conference call that he may ask Wall Street for more.
The report proposes a new 'starting point' scenario that takes in cost reduction projections for electric vehicles and solar photovoltaic technology, as well as emissions commitments made under the historic Paris Climate Agreement.
The company has marked the entry level P2 variant of the vehicle for fleet owners but hasn't disclosed its price yet.
Apart from the standard electric car benefits like zero emissions, low running costs, ease of driving and home charging, the e2oPlus will feature an increased range and fast charging capability.
The local arm of the German luxury car major Mercedes-Benz is on course to introducing models with alternative fuels, including plug-in hybrids and full electric vehicles, by 2018 - full two years ahead of the government plans to introduce stricter emission norms.
Electric vehicle (EV) manufacturers have asked the government to continue the benefits of lower excise and VAT on EVs under the GST regime by keeping it at the lowest slab.
China's electric vehicle industry, a flagship for Beijing's technology ambitions, has been rocked by scandal after five companies were caught collecting millions of dollars in subsidies for buses they never made.
The German automaker agreed to invest the money, which includes USD 1.2 billion nationally and USD 800 million in California, as part of its penalties for equipping hundreds of thousands of its diesel vehicles sold in the United States with software designed to cheat tailpipe emissions tests.