In a late night regulatory filing on Thursday, the two-wheeler major stated that the tribunal has ruled in its favour regarding the use of the trademark.
Elon Musk’s company will still be growing as EV sales continue to soar, but its share of the market will fall to about 11% in 2025 from over 70% today, Murphy wrote. Tesla has loyal fans, but the company won’t be able to keep up with the pace of new models coming from General Motors Co., Ford Motor Co. and several foreign automakers.
Recently, the EV segment has seen traditional automobile players in two and four wheeler spaces increasingly raise money and make investments to support growth.
The investments include $450 million earmarked by Volkswagen unit Electrify America and more than $250 million by Siemens to expand its Grand Prairie, Texas and Ponoma, California EV charger plants.
Battery Smart has closed its series A round of USD 25 million. The funding round was led by Tiger Global, along with participation from Blume Ventures and Orios Ventures, it said in a statement.
Narang also said that as the financing remains a challenge for the EV customers, retrofit brings these vehicles within the reach of those customers who want to move to such vehicles from ICE, particularly at the time when petrol and diesel prices are at a much-elevated level.
Mir's car runs on the electrical energy generated by the monocrystalline solar panels.
The facility will cater to the demand for indigenous mid drive and hub motors along with controllers from EV Original Equipment Manufacturers in India, it said in a statement.
According to a senior official in the consumer affairs ministry on Thursday, the Bureau of Indian Criteria (BIS) has released performance standards for electric car batteries to protect customer safety.
A senior government official said on Friday that the expert panel formed by the road transport ministry to look into instances of electric two-wheelers catching fire and recommend corrective measures is likely to present its findings this month.
”Two of the shortlisted research fellows are deputy directors in the EV cell, while the other two are freshers. One of them is likely to join by June 25 and another by the end of this month,” an official said.
In a funding round headed by Shell Ventures, the start-up electric car charging network Statiq announced on Thursday that it had raised USD 25.7 million (more than Rs 200 crore). According to a statement from Statiq, the business would utilise the Series A capital largely to invest in network infrastructure and product engineering.
Bilal Ahmed said that the solar panels he used have the ability to generate maximum electricity even with the least solar energy they are exposed to.
Following EV fire complaints, Ola Electric had in April recalled 1,441 units of its electric two-wheelers.
The Lydia plant, BMW's third car assembly facility in China, located in the northeastern city of Shenyang, Liaoning province, will increase BMW's annual output in the world's biggest auto market to 830,000 vehicles from 700,0000 in 2021, the company said.
According to consultant AlixPartners, sales of electric vehicles might reach 33 percent globally by 2028 and 54 percent by 2035 as demand increases in most key regions.
Nexus Malls to get 24x7 charging infrastructure for two- and four- wheeler EVs. In the first phase, these charging stations will be available at Nexus Malls in Navi Mumbai, Bengaluru, Hyderabad, Pune and Ahmedabad from June 2022.
Unlike the flood of electric SUVs in the Indian market, at least one Ola car will be a sedan. Details, at the moment, are scarce, but reports suggest a large 70-80 kWh battery pack to power the new cars, take a look
Castrol enjoys a 20 percent market share and personal mobility accounts for around 45 percent of the total volume sold
It is one of the rare gems in the listed space to play on the megatrend of electrification of vehicles
The world's largest automaker by sales kicked off its annual general meeting on Wednesday under fire from activists and environmentally minded investors for being slow to fully electrify its fleet and not phasing out gasoline-powered cars and lobbying on climate policy.
The certification comes on the heels of the company announcing investment of over Rs 2,000 crore in next five years under the production linked incentive (PLI) scheme.
Over the next 12 months, the two companies will collaborate to deploy these EVs in Bangalore, Hyderabad, Delhi-NCR and cover other cities across India, the company said in a statement.
Bajaj Motors produced 2,500 EV scooters last month in May which is the highest monthly production so far for the company
The supercar manufacturer has snapped up space near its Maranello plant and started clearing the way for a third production line that will be dedicated to making hybrid and electric vehicles, said the people, who asked not to be identified because the information is private.