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Bajaj Auto plans Rs 500 crore capex for EV business in FY24

Bajaj Auto plans Rs 500 crore capex for EV business in FY24

Shruti Mishra     calendar25 Apr 2023

Overall, the company has lined up a capex of Rs 750 crore for the current fiscal, a part of which will also be spent on debottlenecking exercises to ramp-up its EV component volumes in a bid to meet the rise in demand.

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MG Motor India eyeing investment into India business Video
MG Motor India eyeing investment into India business

By Mayank Dhingra calendar25 Apr 2023

Although it is managing business continuity by external commercial borrowings and working capital loans, MG Motor Indi...

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GSRTC starts electric bus services connecting GIFT City News
GSRTC starts electric bus services connecting GIFT City

autherAutocar Pro News Desk calendar25 Apr 2023

The three routes have been worked out considering the growing demand for public transportation, office timings, and en...

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Gogoro kicks off e-scooter, battery swap pilot in Delhi-NCR with 90 vehicles News
Gogoro kicks off e-scooter, battery swap pilot in Delhi-NCR with 90 vehicles

By Mayank Dhingra calendar25 Apr 2023

The Taiwan-based EV battery-swapping major plans to gain data to finetune its products as it eyes foraying into the In...

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Zypp Electric partners with Zomato to deploy 1 lakh e-scooters News
Zypp Electric partners with Zomato to deploy 1 lakh e-scooters

autherAutocar Pro News Desk calendar25 Apr 2023

Zypp Electric, which recently secured USD 25m in Series B funding, aims to achieve more than  1 core deliveries for Zo...

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Tata Power partners with R CITY mall to offer green mobility solutions News
Tata Power partners with R CITY mall to offer green mobility solutions

autherAutocar Pro News Desk calendar24 Apr 2023

Virendra Goyal, Head of Business Development (EV Charging), Tata Power said that a large-scale transition to clean mob...

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Winning shot: Why India's Auto Inc. bets on IPL Feature
Winning shot: Why India's Auto Inc. bets on IPL

By Radhika Dave calendar24 Apr 2023

What is the automotive industry aiming to convey with its varied partnerships with the Indian Premier League?

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Mobile EV charging firm Mobec Innovations raises US$ 1 million News
Mobile EV charging firm Mobec Innovations raises US$ 1 million

autherAutocar Pro News Desk calendar24 Apr 2023

The startup aims to mitigate electric vehicle charging concerns by providing mobile charging solutions. Company plans ...

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MG Motor India banks on Comet EV to target 20% share of India's passenger EV market News
MG Motor India banks on Comet EV to target 20% share of India's passenger EV market

By Mayank Dhingra & Ketan Thakkar calendar23 Apr 2023

WIth an eye on 100,000 units sales in CY2023, the company has invested Rs 800 crore at Halol plant, Gujarat to locally...

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Quantron and Goldstone Tech plan OEM-agnostic MaaS JV, ETO Motors first client News International
Quantron and Goldstone Tech plan OEM-agnostic MaaS JV, ETO Motors first client

autherAutocar Pro News Desk calendar23 Apr 2023

Through the Mobility-as-a-Service (MaaS) approach, Quantron-as-a-Service will provide its customers with trucks and bu...

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MOST READ

POLL OF THE MONTH

Can Mahindra retain it's sales lead over Tata Motors in the coming months?

Can Mahindra retain it's sales lead over Tata Motors in the coming months?

Yes

 

79.07%

No

 

20.93%

Total Votes : 43