EV sales zoom 20% to nearly 1L units in 2024 on price cuts

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 leads EV sales in Sep; Ola remains biggest player in e2W space

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

Tata Motors taps used car market to boost electric vehicle resale, exchange

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

Tata Motors teams with Delta, Thunderplus to grow India’s EV charging grid

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

Bajaj Auto-powered electric mobility company Yulu eyes global ride

Bajaj Auto-backed Yulu, India’s largest shared electric mobility company, is eyeing international markets with its electric two-wheeler ecosystem around 2025-26. This expansion will be driven by a new product from Bajaj, alongside Yulu’s broader plans to grow its market presence and product offerings in India. The company aims to achieve profitability by 2024-25. Yulu is … Read more

As EV revolution slows down, automobile major Ferrari enters the race

Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy. At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. Up next: fully electric. A lot is riding … Read more

Eye on China, India inks first overseas lithium mining deal for five blocks in Argentina

Khanij Bidesh India Ltd (KABIL), a joint venture of state-run miners, has inked India’s first overseas lithium exploration and mining deal involving five blocks in Argentina, setting off New Delhi’s overseas hunt for the critical mineral to loosen China’s stranglehold on a key element of energy transition. “The deal will help India strengthen lithium supplies, … Read more