Ev Cars

BYD profit jumps as aggressive overseas push bolsters sales

Net income totaled 15.5 billion yuan ($2.2 billion) in the six months ended June 30, the carmaker said in a filing on Friday. Revenue climbed 23% to 371.3 billion yuan, it said.

Make in India for EVs gets policy push as Centre launches online portal to invite application

The scheme aims to attract investments from global EV manufacturers and promote India as a manufacturing destination for e-vehicles.

HSBC flags concerns over likely EV policy changes, sees disadvantage for Indian automakers

While India currently imports only around 8,000 EVs annually, HSBC warns that such a policy shift could create long-term investment concerns for ICE automakers, potentially impacting the broader domestic auto industry.

EV projects of global OEMs cut, R&D spend decelerated in H1: Kotak note

OEMs are faced with pricing pressures and lower profitability of BEVs due to various factors including sub-scale production, said the report.

'Tesla’s Entry into India will be Natural Progression' | Elon Musk on electric vehicles

Elon Musk, the CEO of Tesla, has shown strong interest in introducing electric vehicles to India, highlighting it as a logical progression for the country towards sustainable transportation. During a recent discussion on X Spaces with Nicolai Tangen, CEO of Norges Bank Investment Management, Musk underscored India's growing population and stressed the importance of making electric cars as ubiquitous there as they are in other countries. Aligned with this objective, Tesla is actively investigating possibilities to set up a manufacturing facility in India. According to reports, both Maharashtra and Gujarat have extended attractive land offers to the electric car company