Tata, Mahindra see no logic in incentivising hybrids
Homegrown automakers say comparing the Indian EV market with the rest of the world isn't right.
Homegrown automakers say comparing the Indian EV market with the rest of the world isn't right.
Tata Motors is expecting a moderate single-digit expansion of the EV market in 2024-25.
India's largest carmaker is not giving up on entry-level small cars.
Tata Group attempts mergers and demergers in companies to bring sharper focus on businesses.
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.
Elon Musk says the production of affordable cars will happen on existing production lines and is not contingent on any new factory.
ICRA says demand for EV batteries in India is expected to reach around 15 gigawatt hours (GWh) by 2025 and 60 GWh by 2030.
Automakers that set the most ambitious electrification plans had to lower their targets, says Moody's.
Shares of the small-cap company rose 14.6% to hit an intraday high of ₹385.60 on the National Stock Exchange (NSE).
BluSmart, which operates in Delhi NCR and Bengaluru, runs around 7,000 EVs currently.