Page 23 - Electric Vehicles

EV startup Rivian could be worth nearly as much as Honda in U.S. IPO

The startup is looking to raise up to $8.4 billion, setting it up to be the third-largest initial public offering (IPO) by funds raised in the past decade in the United States.

Odisha announces full tax exemption for EVs, registration fee waiver

The exemption, granted under the Odisha Motor Vehicles Taxation Act, is applicable till 2025

Piaggio, Jio-bp in talks with e-commerce players for EV infrastructure

Diego Graffi, chairman and managing director of Piaggio Vehicles, says the tie-up will provide vehicles and infrastructure to these firms

Registration of electric vehicles picking up pace in Delhi: Officials

Adoption of electric vehicles is picking up pace in Delhi with the count of such vehicles surpassing the total number of registrations of CNG and hybrid-fuel vehicles in the city in the recent months

TVS takes slow and steady route for its newly created subsidiary for EVs

Last week, TVS' board also clear­ed a proposal to establish a separate subsidiary for the electric vehicle business (the name is yet to be announced)

Ford Motor bucks trend, doubles Street's earnings expectations

Ford shares rose as high as $17.17 in early trading Thursday after closing Wednesday at $15.51

Tata Motors developing range of small electric commercial vehicles

The auto major on Thursday unveiled 21 new commercial vehicles, including trucks, buses and small commercial vehicles

Maruti Suzuki plans to widen CNG portfolio as petrol, diesel prices rise

With rising petrol and diesel prices driving up demand for its CNG vehicles, the country's largest carmaker Maruti Suzuki India plans to widen its CNG portfolio by offering the fuel option in four more models 'very shortly', according to a senior company official. The company, which plans to launch an electric vehicle (EV) in the Indian market by 2025, is also currently keeping a close watch on the country's EV ecosystem "to find out what is the best way of evolution" to be able to offer affordable EVs with hassle free charging infrastructure in order to clock high volumes for a sustainable business. "Currently we have eight models, which have CNG options out of our total of 14 models but we plan to add another four very shortly in this portfolio," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. Going forward, he said,"We will try to develop more and introduce more CNG models." Srivastava, however, declined to share ...

Maruti Suzuki to launch electric vehicles only after 2025: Bhargava

With fuel prices going up, car market leader Maruti Suzuki India is intensifying its focus on more CNG offerings of its models

India targets major global firms for local battery manufacturing: Report

India will host five roadshows starting next month in countries including the United States, Germany, France, South Korea and Japan

TVS Motor rides strong on Q2 beat, EV plans and capex; stock up 7.5%

While improving volumes is positive, the decision to set up a subsidiary for the EV business and a Rs 1,000-crore investment is a key trigger

Tata Power crosses 1,000 EV charging stations mark in India

Tata Power on Monday said it now has a network of more than 1,000 electric vehicle (EV) charging stations across the country. This network of 1,000 public charging stations provides innovative and seamless EV charging experiences for Tata Power's customers across offices, malls, hotels, retail outlets, and places of public access, enabling clean mobility and freedom from range-anxiety, it said in a statement. In addition, there are close to 10,000 home EV charging points, which make EV charging super-convenient for the vehicle owners, the company added. Tata Power EZ Chargers ecosystem covers the entire value chain of public, captive, bus/ fleet and home chargers. Starting with the first chargers being installed in Mumbai, Tata Power EV charging points are now present in nearly 180 cities. The company is planning to have a base of 10,000 charging stations as also to enable whole stretches of highways into e-highways across the country, it said.

London Electric Vehicle Company gears up to launch TX model in India

Commercial electric vehicle manufacturer London Electric Vehicle Company (LEVC) is geared up to roll out electric TX vehicle in the Indian market in collaboration with Exclusive Motors

Car rental firm Hertz orders 100,000 Model 3 electric vehicles from Tesla

Car rental company Hertz is ordering 100,000 electric vehicles from Tesla.

Evergrande, EV unit shares jump after chairman signals business shift

Hui Ka Yan says that company would make its new electric vehicle venture its primary business, instead of property, within 10 years.

Honda Motorcycle all set to foray into electric vehicle segment next fiscal

Two-wheeler major Honda Motorcycle & Scooter India (HMSI) is gearing up to launch its first electric product in the country in the next financial year, a top company official has said. The company, which sells popular models like Activa and Shine in the country, aims to start feasibility run of the electric scooter with its dealer partners at the end of the festive season this year. In an interaction with PTI, HMSI President, Managing Director and CEO Atsushi Ogata said the company has decided to foray into the segment after having a detailed discussion with its parent firm -- Honda Motor Company in Japan. In-depth details are yet to be finalised but "we have made a commitment to launch (EV product) within the next financial year", he noted. When asked if the company has started testing the product in India, Ogata said: "Not yet officially but after Diwali...we will set up the feasibility study officially at our dealerships." He said that many companies, including overseas ...

Tesla Q3 revenue skirts semiconductor woes, beats profit projections

The results mark the ninth straight quarter of profit for the 18-year-old electric carmaker and came despite obstacles that included backups at ports and even rolling blackouts in China

TVS Motor to set up separate subsidiary for electric vehicles

The move comes close to the heels of the company tieing up with Tata Power to set up the electric vehicle charging infrastructure (EVCI) across the country

TMS, Ep 20: Revival for aviation and cinemas, markets, and fuel-cell EVs

Is the Indian aviation sector showing clear signs of recovery? Is this the rebirth of the film industry after a pandemic pause? How are fuel-cell electric vehicles different from EVs? Get all answers

Tesla Inc. hits record profit despite parts shortage, ship delays

Record sales last summer propelled Tesla to the biggest quarterly net earnings in its history