Like many others, Greaves Cotton has been riding on the EV boom; through it’s subsidiary Greaves Electric Mobility (GEM). Now, Government through Ministry of Heavy Industries (MHI) vide its letter dated 25th May 2023, has alleged that GEM failed to adhere to Phased Manufacturing Programme Guidelines. Consequently – It has proposed to deregister GEM from … Read more
Tesla announced on Thursday that it plans to open some of its Supercharger network to Ford. Tesla has the largest network of roadside fast chargers in North America. Some Tesla owners say they’d consider buying another brand’s EV, if they had access to Supercharging. Tesla plans to open some of its exclusive Supercharger network to … Read more
Experts say there is a method to Elon’s madness on pricing changes. The latest price hikes could mean Tesla is done lathering on the discounts for now. Tesla has more flexibility to change prices in real time than its competitors. Elon Musk is changing his mind about Tesla pricing – again. Tesla shoppers, investors, and … Read more
Americans are getting more divided on electric vehicles. While EVs gain market share, more and more people say don’t want one as their next car. Factors repelling buyers from EVs include long charging times, lack of charging stations, and high pricing. Battery-powered cars seem like the next big thing, but a growing portion of Americans … Read more
Mahindra & Mahindra (M&M) is currently undergoing an extensive reorganisation exercise. It recently, Separated out the Passenger EV business Sold stake in the renewable business Partnered Actis to develop warehousing Now it has announced separating out the Last Mile Mobility Business and is also raising external funding in it from IFC. Last mile mobility business … Read more
Electric Vehicles (EV) continues to attract investors’ attention. Now Tube Investments of India (TII) has announced fund raising in it’s wholly owned subsidiary, TI Clean Mobility Private Limited (TICMPL). TICMPL, a recent initiative of TII, is focused into manufacture and marketing of Electric Three Wheelers and through it’s subsidiaries into Electric Tractors and Electric Heavy … Read more
Discovery of 5.9 million tonnes of lithium reserve in Jammu and Kashmir’s Reasi District is a major step in reducing India’s dependence on import of EV batteries, laptops, mobile phones, etc. The reserves can help cater to India’s lithium demand for its growing EV industry. But one needs to look from a bird’s eye-view to … Read more
Christine Orita was a loyal Tesla fan for years but recently ditched her Model S for an electric Mercedes-Benz. Elon Musk’s politics and disappointing self-driving tech pushed Orita to drop the Tesla brand, she told Insider. She loves how luxurious and comfortable her new Mercedes EQS is compared to her Model S. This as-told-to essay … Read more
Sona BLW Precision Forgings Ltd. (Sona Comstar) has signed an agreement to acquire 54% equity stake in NOVELIC, a Serbian Company founded in 2012. NOVELIC is primarily into providing sensor based solutions for smart vehicles. Sona’s immediate objective is to use it’s own existing client relationships to ramp up NOVELIC’s ADAS (Advanced Driver Assistance Systems) … Read more