Hero MotoCorp to launch electric two-wheelers in mid, affordable segments
The automaker expanded its emerging mobility brand VIDA to over 100 cities in the country.
electric vehicles
May 2024
April 2024
Li-Ion battery costs down 90%; Next-gen low-cost tech to power EV, energy transition
Prices of lithium-ion batteries have declined from $1,400 per kilowatt-hour in 2010 to less than $140 per kilowatt-hour in 2023.
Greaves Cotton shares jump 6% on family scooter launch
Greaves Electric Mobility Private Limited, a subsidiary of Greaves Cotton, launched its electric family scooter, the Ampere Nexus.
Suzuki working on low-cost hybrid tech: Maruti chairman RC Bhargava
While hybrids outsold electric vehicles in the last six months of the financial year 2023-24, they accounted for just 2.1% of total car sales.
Tesla to launch affordable EV by early 2025
Elon Musk says the production of affordable cars will happen on existing production lines and is not contingent on any new factory.
Macquarie launches $1.5 bn EV financing platform Vertelo in India
The platform has received anchor investment from the Green Climate Fund which has committed to invest up to $200 million.
Capex for EV components to exceed ₹25,000 cr in 3-4 years
ICRA says demand for EV batteries in India is expected to reach around 15 gigawatt hours (GWh) by 2025 and 60 GWh by 2030.
Global EV adoption slows as subsidies end, charging network lags
Automakers that set the most ambitious electrification plans had to lower their targets, says Moody's.
Sterling Tools shares jump 15% on deal with Yongin for EV components unit
Shares of the small-cap company rose 14.6% to hit an intraday high of ₹385.60 on the National Stock Exchange (NSE).
Ramkrishna Forgings wins deal to supply auto components to Tesla
Ramkrishna Forgings expects the EV segment to contribute 6% to the company's consolidated revenue
