SEBI has issued the warning due to violation of the disclosure norms. On December 2, 2024 morning at 9:58 am, Bhavish Aggarwal, the CMD, had shared details of Ola Electric’s plans for a four-fold expansion on social media platform X. Bhavish Aggarwal wrote, “Taking the Electric revolution to the next level this month. Going from 800 … Read more
Price cuts towards end of 2024 saw sales of electric cars rise 20%, with the industry’s volumes finishing a shade lower than one lakh units against 82,688 units in the previous year. The growth comes despite doubts about a mass adoption for EVs as customers complain over a poor public charging infrastructure, longevity of battery, … Read more
Bajaj Auto has become the top player in India’s electric vehicle market by monthly volumes, across all categories, with over 25,000 sales and registrations in September. This comes on the back of a big push in expanding distribution by the company and steady demand of electric three-wheelers. In September, the company – according to … Read more
The country’s largest electric car maker Tata Motors has started working with used car marketplaces to facilitate resale and exchange for electric vehicle (EV) owners. A company spokesperson told Business Standard, “We have been working on opportunities for facilitating EV resale / exchange for those owners who are looking to upgrade to a new … Read more
India’s Reliance Infrastructure is considering plans to manufacture electric cars and batteries, and has hired the former India head at China’s BYD Co to advise on its plans, two sources briefed on the matter told Reuters. The company, part of Anil Ambani’s Reliance Group, has hired external consultants to conduct a “cost feasibility” study for … Read more
Homegrown automaker Tata Motors, has announced a collaboration with Delta Electronics India and Thunderplus Solutions Pvt Ltd to enhance the electric vehicle (EV) charging infrastructure across the country. This partnership aims to accelerate the adoption of electric vehicles, particularly in the commercial sector, by expanding the availability of charging stations on high-traffic routes. The memorandum … Read more
Amara Raja Advanced Cell Technologies Private Limited (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility Limited (AREM), has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles Private Limited, a 100% Indian subsidiary of the Italian auto giant, Piaggio Group. ARACT will collaborate with Piaggio India to develop and supply LFP (Lithium … Read more
The company’s proposed IPO is a combination of a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 8.49 crore equity shares. 3 min read Last Updated : Jul 28 2024 | 1:54 PM IST Electric two-wheeler company Ola Electric Mobility will float its initial public … Read more