Omega Seiki Mobility (OSM) and Log9 Materials have formed a strategic partnership to deploy 10,000 3-Wheeler Rage+ Rapid EV’s in Tier II and III markets of India by FY24.
Tag: EV
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Tube Investments to put in Rs 3.5 billion in EV venture
Tube Investments of India (TII), part of the Murugappa group, announced its plans to form a subsidiary to carry on the proposed electric three-wheeler venture and other EV-related projects.
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Tesla’s arrival in India may take time: Elon Musk
Getting a foothold in India for his Tesla is not going to be easy for Elon Musk. He stated that, he is still working through a lot of challenges with the government, in a Twitter post.
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Electric vehicle sales in India grows to 240% in December 2021
A report by JMK Research and Analytics claims that overall EV sales in December 2021 clocked 50,866 units, recording a 240 per cent YoY jump from the number recorded in December 2020.
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US auto component maker Dana sees opportunity in India’s EV space
American auto component maker Dana has said that India offers huge opportunities for the company in the EV space and it continues to invest in all its facilities depending upon the demand.
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Sodium ion batteries may fast replace lithium-ion batteries
As the researchers and battery manufacturers are searching for more sustainable replacement materials for lithium, one alternative - sodium offers similar properties and can be used for battery cell manufacturing.
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EVRE, Mad About Wheels tie up to set up EV infrastructure
EV charging infrastructure firm EVRE said it has joined hands with Mad About Wheels (MAW) to set up charging infrastructure and enable dealerships across over 100 cities with more than 500 chargers.
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Tata Motors secures Rs 75 bn from TPG Rise Climate for new EV subsidiary
Recently, the Tata Motors and TPG Rise Climate has entered into a binding agreement, wherein the latter along with its co-investor ADQ will invest in its newly incorporated subsidiary of Tata Motors.
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Govt PLI scheme to boost EV two-wheeler production
According to an analysis done by Kotak Institutional Equities, the PLI scheme for autos provides incentives in the range of 13-18% of sales value to OEMs for manufacturing EVs in India.
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NITI Aayog sees transition of automobiles towards electric mobility
Amitabh Kant, CEO, Niti Aayog said that, the transition of automobiles towards electric mobility is inevitable and the auto industry should make the change to make India a global EV leader.