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Amid incidents of electric two-wheelers catching fire, Union Minister Nitin Gadkari on Tuesday urged companies to take advance action to recall all defective vehicles, even as he said there is some problem with EV batteries when the temperature rises in the months of March, April and May. The Road Transport and Highways Minister also acknowledged […]
Union minister Nitin Gadkari on Tuesday said if the US-based Tesla is ready to manufacture its electric vehicles in India then there is ‘no problem’ but the company must not import cars from China. In an interactive session at the Raisina Dialogue, Gadkari further said India is a large market and there is a huge […]
Hyundai Motor India on Tuesday said it will introduce its globally acclaimed electric vehicle IONIQ 5 in India this year. The model, to be launched in the second half of the year during the festive season, will mark the beginning of the company’s battery electric vehicle expansion plans in the country. “As a customer centric […]
Consultancy firm CIRIL said in a report that the Indian real estate (RE) market is poised to touch Rs 65,000 crore by 2024 and by 2025, this sector is expected to contribute to 13 per cent of the country’s GDP. In 2019, the size of the RE market was Rs 12,000 crore, according to the […]
Tata Motors on Monday said it has inked a partnership with Lithium Urban Technologies, an EV-based urban transportation service provider. As part of the deal, Lithium Urban will deploy 5,000 XPRES T Electric sedans across the country, for employee transportation. Tata Motors will commence deliveries in phases and will complete the deployment by next year, […]
Zypp Electric, which operates in the last-mile space, on Monday said it has raised USD 1 million (about Rs 7.6 crore) in debt funding from Northern Arc to expand its electric vehicle (EV) fleet services as it is looking to deploy 1.5 lakh e-scooters in the country over the next three years. Zypp is growing […]
Automaker MG Motor India on Monday said it has partnered with Bharat Petroleum Corporation Ltd (BPCL) to bolster EV charging infrastructure across the country. The partnership with BPCL will add momentum to EV adoption by expanding opportunities for intercity travel as the two entities will install EV chargers across highways and within cities, the automaker […]
With the National Company Law Tribunal (NCLT) initiating insolvency proceedings against Noida-based Ananda Divine Developers, an ATS Group company led by Getamber Anand, homebuyers face uncertainty over defaults by the developer.ATS Infrastructure The proceedings were initiated last month after ICICI Prudential Venture made a plea to the New Delhi-based bench of the NCLT for claiming […]
Electric vehicle maker BYD India on Monday said its Nepalese partner, Cimex Inc Pvt Ltd, has signed an agreement to supply 50 units of its electric multi purpose vehicle, e6 electric, with Self Drive Nepal Pvt Ltd for rental fleet operation. Under the agreement, Self Drive Nepal — a subsidiary of Spark Group, will become […]
Government think tank Niti Aayog on Thursday came out with a draft battery swapping policy for electric vehicles and suggested incentives as well as a rigorous testing protocol for swappable batteries. The draft policy also comes at a time when there are rising concerns over safety issues around electric vehicles in the wake of multiple […]