Amid a push for electric vehicles, Oil Minister Dharmendra Pradhan Friday said India will continue to rely on petrol and diesel for running automobiles and will need to expand its oil refining capacity by 80 per cent to meet the demand for the fuel in near future. “EV is a priority but the incremental requirement […]
Electric mobility represents a large global opportunity with the segment gathering pace over the next few years, according to auto component major Bharat Forge. Addressing shareholders in the company’s annual report for 2018-19, Bharat Forge Chairman and Managing Director B N Kalyani said the company has started making inroads in the segment through stake acquisition […]
The Central government on Wednesday reportedly asked the state governments to exempt Electric Vehicles (EVs) from permit requirements. According to ET a letter signed by joint secretary of Ministry of Road Transport and Highways (MoRTH) Abhay Damle was sent to principal secretaries transport and transport commissioner of all states. The letter dated July 17 advised […]
As part of NITI Aayog’s electric vehicle (EV) push in the country, three different battery (Li-ion) manufacturers are expected to set up their facilities with a combined capacity of 10 gigawatt in Telangana soon, with an investment of Rs 1,500 crore in the first phase. Director of Electronics, Telangana, Sujai Karampuri, withholding the names of […]
Electric vehicles could be a better alternative to fuel-based automobiles to mitigate air pollution, but the government’s target to switch to e-vehicles in next 10 years is hard to achieve, TERI said, pointing out that consumers would need time to accept the change. By 2030, the government aims to make India a 100-per cent electric-vehicle […]
Renault has formed a joint venture partnership with Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market, in a deal which will also see Renault take a 50% stake in the new venture. Renault said it would increase its share capital by around 1 billion Chinese RMB, or roughly 128.5 million […]
The electric vehicle (EV) segment is a big opportunity for Indian manufactures and they should look at not only producing such models for domestic market but also exports, NITI Aayog Chief Executive Officer Amitabh Kant said on Wednesday. Speaking at the inaugural session of the ‘Entrepreneur 2019’, Kant also emphasised on the road map to […]
Greaves Cotton announces the acquisition of 25,73,529 equity shares in its subsidiary Ampere Vehicles by way of investment through primary and secondary purchase for a total consideration of Rs. 38.49 cr. With this investment, Greaves has increased its holding in Ampere to 81.23% from 67.34%. This investment follows the acquisition of Ampere Vehicles by Greaves […]
Greaves Cotton has announced that it has crossed new milestone of 1000 e-rickshaw sales. With this, the company paves way for a strong foundation for promoting clean shared mobility in the last mile transportation segment. These energy efficient & reliable product portfolio of e-rickshaws is widely preferred due to superior cost economics, higher savings-per-km of […]
To ensure rapid transition towards electric mobility, the Niti Aayog has proposed that two-wheelers below the capacity of 150 cc sold in the country after March 31, 2025, should be electric ones only, Parliament was informed Thursday. In a written reply to the Lok Sabha, Road Transport and Highways Minister Nitin Gadkari also said the […]
