This will be funded from its recently-concluded QIP and internal accruals.
In a statement on its WeChat account, Hebei-based Great Wall Motor said documents were submitted on April 11 to the ecology and environment ministry, the industry and information ministry and the top market regulator that allege BYD failed to meet pollutant emissions standards in two hybrids.
The world's largest oil producer keeps playing with supply cuts rather than realise that oil demand is slowing with more electric vehicles on the roads and prolonged economic weaknesses in China and elsewhere
The Simple One e-scooter will be available in four colour options - black, red, blue and white - and two dual-tone options - white and black - with red alloy wheels and highlights.
Today, with the EV segment showing all the signs of rapid adoption, Tata Motors has momentum on its side. The company is a clear leader in the passenger electric car segment in India
The MG Comet may be one of the best urban commuter cars in the Indian market today, but is it really for you?
To support the widespread adoption of electric vehicles, MG Motor will strengthen local manufacturing of EV components and establish a battery assembly unit in Gujarat. The company also plans to explore hydrogen fuel-cell technology to reduce its carbon footprint
Tesla’s price cuts in the first quarter cut deep into its gross margin. And then Ford responded with price cuts on the Mach-E, which competes directly with Tesla’s two biggest models, the 3 and the Y
The company’s electric three-wheelers (E3Ws) will be introduced soon in both the passenger and cargo categories in select locations in the first phase.
Decent set of quarterly earnings, record tax collections, low probability of RBI hiking rates and heavy FII purchases have tilted the game in favour of the bulls for now
The MG Comet has finally been launched in India and now becomes the country’s smallest four-seater EV. Add to this the introductory price of the car and the MG Comet also becomes the most affordable EV today, without any compromises in tech.
Bolstered by Beijing’s blueprint for connected and intelligent cars, companies are operating robotaxis and working on advanced autonomous driving technologies, including high-definition maps, smart cockpits and so-called V2X, or vehicle-to-everything networks
The MG Comet EV's bookings open today on May 15, read all about India's smallest EV car, set to take on the Tata Tiago.
New MG Comet EV was unveiled by MG Motor India. First look pictures and key details of this small electric car for the Indian market below.
Thus far, however, price cuts haven’t spurred a jump in sales and inventory has kept on building. Tesla's EV revolution is yet to produce a cheaper model for the masses that is none-the-less very profitable. Getting there will require Tesla delivering game-changing manufacturing efficiencies
JLR, which is owned by India's Tata Motors, said it would invest 15 billion pounds ($19 billion) over the next five years on EVs, according to a company press release.
The news comes at a time a report jointly prepared by the KPMG and CII has suggested that EV adoption levels in India are expected to see exponential growth for the rest of the decade.
An internal investigation carried out by Tata Motors revealed that the headlamp of the Nexon EV was replaced at an unauthorised workshop, which led to a short circuit that caused the fire.
The industry body said the EV segment has been besieged by irritants designed to disturb the momentum of the FAME 2 scheme.
Global and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars at the Shanghai auto show from April 18 to April 27, their first full-scale sales event in four years in a market that has become a workshop for developing electrics, self-driving cars and other technology.
In the E2W segment, the industry sold 7,26,976 high-speed E2W (top speed more than 25km/hour) in FY 2023
That’s because Gogoro Inc., the Taipei-based company that sold Hsiao his moped, lets him swap out its two batteries as often as he likes for up to 630 kilometers (392 miles) of driving each month, all for a subscription fee of 849 new Taiwan dollars ($27.80).
India currently consumes just over 80,000 tons of nickel annually and almost all of it is imported. The country is expected to be one of the key markets that will drive nickel demand alongside China in the coming decade
That was up 19.4% from February, when the U.S. electric car maker delivered 74,402 China-made Model 3 and Model Y electric cars.
The Treasury is not expected to specify vehicle models but merely lay out the subsidy criteria.