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Electric 2W sales cool off in scorching May at 63,700 units

Electric 2W sales cool off in scorching May at 63,700 units

Ajit Dalvi     calendar01 Jun 2024

Hit hard by the reduced subsidy, now available only for another two months, sales of electric scooters and motorcycles fell to 63,697 units in May 2024. Market leader Ola Electric continues to maintain a commanding lead even as TVS Motor Co...

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

By 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, helpin...

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Gabriel India explores new frontiers with e-bikes and solar dampers, leveraging suspension expertise News
Gabriel India explores new frontiers with e-bikes and solar dampers, leveraging suspension expertise

By Shahkar Abidi calendar30 May 2024

Gabriel India explores new frontiers with e-bikes and solar dampers, leveraging suspension expertise

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National Stock Exchange launches India’s first electric vehicle index News
National Stock Exchange launches India’s first electric vehicle index

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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Hero MotoCorp launches new premium XTEC variant of 100cc Splendor News
Hero MotoCorp launches new premium XTEC variant of 100cc Splendor

autherAutocar Pro News Desk calendar30 May 2024

The new Splendor+ XTEC 2.0, which boasts many premium and first-in-segment tech features, is available at an ex-showro...

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Quantum Energy to supply 5,000 EVs to Green Drive Mobility News
Quantum Energy to supply 5,000 EVs to Green Drive Mobility

autherAutocar Pro News Desk calendar30 May 2024

This strategic partnership is expected to leverage the strengths of both companies, driving the electric mobility revo...

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Hero FinCorp to raise Rs 4,000 crore through IPO News
Hero FinCorp to raise Rs 4,000 crore through IPO

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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Fiem Industries earmarks capex of Rs 250–300 crore for three years News
Fiem Industries earmarks capex of Rs 250–300 crore for three years

By Shahkar Abidi calendar29 May 2024

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

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Exide in talks with e2-wheeler makers for lithium-ion battery supply News
Exide in talks with e2-wheeler makers for lithium-ion battery supply

By Kiran Murali calendar28 May 2024

The battery maker, which recently announced a partnership with Hyundai and Kia, is engaged in discussions with most of...

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Oben Electric to set up 50 new showrooms and service centres in 12 Indian cities News National
Oben Electric to set up 50 new showrooms and service centres in 12 Indian cities

autherAutocar Pro News Desk calendar28 May 2024

Following its entry into the key markets of Delhi, Pune, Kochi and Trivandrum, Bengaluru-based electric bike maker set...

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POLL OF THE MONTH

Can Tesla's entry boost the Indian EV market?

Can Tesla's entry boost the Indian EV market?

Yes

 

34.38%

No

 

25.00%

Only in Premium Segment

 

40.62%

Total Votes : 64