Tags: Electric cars

Electric mobility represent large and growing global opportunity: Bharat Forge

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 […]

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Transition to e-vehicles may take longer than 2030: TERI chief

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 […]

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Renault with JMCG forms joint venture to target the Chinese EV market

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 […]

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EV Segment a huge opportunity for Indian manufacturers: Amitabh Kant

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 […]

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Fiat plans to invest USD 788 million in an electric makeover of iconic Fiat 500

Fiat Chrysler plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday, as the automaker seeks to move on from its failed bid to merge with France’s Renault. FCA’s chief operating officer for Europe, Middle East and Africa, Pietro Gorlier, announced the […]

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Auto industry to conduct study on EV migration, to discuss with government

The auto industry will conduct a study through an external agency for a road map towards electric mobility amid push from Niti Aayog for transition to full electric vehicles (EVs) for three-wheelers by 2023 and two-wheelers up to 150cc by 2025, according to sources. Last month at a meeting with industry representatives, Niti Aayog had […]

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Emissions rules and electric shift to spur car engines M&A

A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives and bankers say. Mergers and acquisitions have been stuck in a rut since Volkswagen was caught cheating pollution tests in 2015, triggering a global […]

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Hyderabad-based PURE EV raises VC funding of $35 mn

The Indian Institute of Technology Hyderabad on Wednesday said a start-up called PURE EV which was incubated by the institute has raised venture capital funding of $35 million (nearly Rs 240 crore). The funding comes ahead of the start-up’s commercial launch of high-speed and long-range scooters and motorcycles in October 2019 and early 2020 respectively. […]

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Watch the launch of Hyundai Kona Electric

The Hyundai on Tuesday launched the much awaited car Kona Electric in the India market. The electric car will be available at an introductory price of Rs 25.30 lakh and the dual-tone option at Rs 25.50 lakh (both prices ex-showroom). Read there complete report here

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