India’s EV Market Poised for $48.6Bn Surge by 2030
This remarkable growth will be primarily driven by the lower total cost of ownership, ease of use, sustainable choices, growing supplier network, and product customization the sector offers.
Maruti Suzuki to Launch EVs in this Financial Year
The company is also exploring various alternative fuel options, including strong hybrids, biogas, flex fuel, and CNG, to offer customers a diverse and eco-friendly portfolio.
Norway’s First Wireless EV Charging Road Paves Way for Sustainable Future
This infrastructure is a unique solution that transfers the generated electromagnetic field to compatible vehicles as they drive over the charged road.
Chinese Solar Cell Giant Drinda to Build Massive Factory in Oman
Drinda’s wholly-owned subsidiary, JTPV, a prominent independent cell supplier listed on the Shenzhen Stock Exchange, will spearhead the factory’s construction.
JLR to Develop EV in China: Inks Pact with Chery
JLR will license its Freelander brand, a Land Rover vehicle successfully produced from 1997 to 2015, for use in a new line of mainstream EVs.
Tata Motors to Invest ₹18,000 Crore in EV Division till 2030
With this investment, the company plans to achieve a 20% market share in the Indian passenger vehicle market by FY30.
Indian EV Company Wardwizard bags $1.29 billion order from Philippines
The agreement, signed through a Memorandum of Understanding (MoU), will see WIML supply the Philippines with its existing electric two-wheeler and three-wheeler models.
Kia Unveils New EV3 Electric SUV with 600km Range
This compact SUV is scheduled for a South Korean launch next month, with European markets following by late 2024.
Tesla Seeks Investment Boost; Musk Courts Buffett
On social media, Musk responded to a suggestion that Berkshire Hathaway, Buffett’s investment firm, should shift its holdings from Apple to Tesla. Musk called it an “obvious” move for the value-oriented investor.
Hyundai Plans Hybrid SUVs Launch by 2027 in India
The decision comes as Hyundai, along with its subsidiary Kia, sees a growing demand for hybrid technology in India.