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Strong demand for e3Ws helps EV industry clock 123,000 units in May

Strong demand for e3Ws helps EV industry clock 123,000 units in May

Ajit Dalvi     calendar01 Jun 2024

With over 53,000 units retailed in May 2024, three-wheeler segment registers strong 27% MoM and 17% YoY growth, helping buffer the muted demand for electric two-wheelers in the wake of the reduced subsidy. Overall EV sales at 123,039 units ...

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‘We aim to identify sustainability solutions that have elements of technology and design:’ Toyota Mobility Foundation’s Prasanna Ganesh Interview
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By Mayank Dhingra calendar31 May 2024

With India’s Varanasi emerging as one of the three global cities to host innovation challenges under Toyota Mobility F...

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Tata Motors ramps up R&D spending by 45% in FY24, focuses on EVs and hydrogen tech News
Tata Motors ramps up R&D spending by 45% in FY24, focuses on EVs and hydrogen tech

By Shahkar Abidi and Ketan Thakkar calendar31 May 2024

The surge in R&D expenditure reflects Tata Motors' strategic focus on developing a future-proof product portfolio.

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National Stock Exchange launches India’s first electric vehicle index News
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By Kiran Murali calendar30 May 2024

The new Nifty EV & New Age Automotive index will track the performance of companies that are part of the electric vehi...

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Gabriel India to double sunroof capacity by FY25 end News
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By Shahkar Abidi calendar30 May 2024

The company secured business from Hyundai and expects significant volume from Kia, prompting the expansion announced b...

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Hero FinCorp to raise Rs 4,000 crore through IPO News
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By Kiran Murali calendar30 May 2024

The NBFC’s board has approved the IPO, which also comprises an offer for sales by certain existing company shareholder...

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VinFast reveals VF 3 electric SUV specifications News International
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By Sahil Kukreja, Autocar India calendar30 May 2024

While there is no confirmation about the VF 3’s India launch, the model’s design was patented in India a few months ag...

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Nissan begins shift to low-CO2 emission aluminium parts News International
Nissan begins shift to low-CO2 emission aluminium parts

autherAutocar Pro News Desk calendar30 May 2024

Nissan aims to take a significant step towards achieving carbon neutrality and will gradually transition to using low ...

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Fiem Industries earmarks capex of Rs 250–300 crore for three years News
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By Shahkar Abidi calendar29 May 2024

The company had a capex of Rs 85.86 crore in FY24.

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Volkswagen gets working on affordable entry-level EV for Europe News International
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autherAutocar Pro News Desk calendar29 May 2024

Volkswagen is going to rely on a high degree of localisation in Europe to develop compact, inexpensive EVs in the pric...

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Can Tesla's entry boost the Indian EV market?

Can Tesla's entry boost the Indian EV market?

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