Electric Mobility

IREDA confident of recovery from Gensol EV assets, provisioning may not rise

IREDA was the first lender to file for insolvency against Gensol and has since seen an interim resolution professional (IRP) appointed. A meeting of the committee of creditors (CoC) was held last week and a resolution professional (RP) is expected to be confirmed this month.

Electric mobility key focus area for govt: Union Minister Ashwini Vaishnaw

As part of the ceremony, foundation stones were laid for upcoming Giga Factory-1 of Amara Raja company, critical minerals refining and battery recycling unit of Lohum company, cell casing manufacturing unit of Scell Energy, and first LFP-CAM Giga Factory of Altmin, an official release said

Cabinet approves PM E-Drive scheme with Rs 10,900 crore outlay

The scheme will offer subsidies/demand incentives worth Rs 3,679 crore to incentivize e-2Ws, e-3Ws, e-ambulances, e-trucks and other emerging EVs.

Stay invested, rather than exit India to buy at higher levels: Gary Dugan of Global CIO Office

Dugan said it is hard to find elsewhere the kind of consistent, quality growth that India has shown in recent years, making a strong case for investors to not churn out during bouts of volatility.

Govt extends Electric Mobility scheme by 2 months; increases outlay to Rs 778 cr

The EMPS scheme was originally set to run from April 1, 2024, to July 31, 2024, with a total outlay of Rs 500 crore.

Electric mobility startup Vidyut launches offline pre-owned EV sales, financing platform

The latest offline services have been made available in Delhi-NCR, Hyderabad and Bengaluru to begin with, while the plans are to expand them into six more markets including Mumbai, Chennai, Pune, Lucknow, Agra and Kanpur by the end of this fiscal, Vidyut said.

IPO-bound Ather Energy launches its first family scooter 'Rizta,' priced Rs 1,09,999 onwards

The EV maker has also launched  its first 'smart helmets,' that feature a slew of technology like music, voice-call enablement, wireless charging, and more.

Govt announces Rs 500 crore for special 4-month electric mobility promotion scheme

The special new electric mobility promotion scheme will support electric 2-wheelers, 3-wheelers, e-rickshaws, said Ministry of Heavy Industries.

Govt denies reports of FAME-II extension beyond March 31: Officials

The Ministry of Heavy Industries denied media reports claiming that the Centre has granted a temporary four-month extension to the scheme till July 31, with an outlay of Rs 500 crore for the period.

Karnataka aims for Rs 50,000 crore investment with new e-mobility policy

Through this policy, the state aims to create job opportunities for one lakh individuals