Thailand leads Southeast Asia EV Market with 60% share

Passenger electric vehicle (EV*) sales** in Southeast Asia (SEA)# grew 35% YoY in Q3 2022, according to the latest research from Counterpoint’s Global Passenger Electric Vehicle Model Sales Tracker. Thailand registered the highest EV sales volume in the region, capturing almost 60% share, followed by Indonesia and Singapore. Battery EVs (BEVs) constituted 61% of the sales and plug-in hybrid […]

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Ramkrishna Forgings to acquire upto 51% stake in TSUYO to expand EV portfolio

The Board of Directors of Ramkrishna Forgings Limited  (“Company”), one of the leading suppliers of rolled, forged, and machined products has  approved an investment to acquire upto 51% voting rights of TSUYO Manufacturing Private  Limited (“TSUYO”), a Make-In-India start-up company engaged in powertrain solutions for  electric vehicles.   TSUYO currently manufactures powertrain solutions for electric […]

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Tata Motors signs MoU with Everest Fleet for delivering 5000 XPRES-T EVs

Keeping the vision of a clean & green environment alive, Tata Motors, India’s leading automobile manufacturer and the pioneer of the EV evolution in India signed an MoU with Everest Fleet Private Limited for the delivery of 5000 XPRES-T EVs. Moving forward in its journey towards accelerating the transition to sustainable transportation, the company handed […]

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Shriram Pistons to invest for majority stake in EMF Innovations

Shriram Pistons & Rings Limited (SPRL), one of India’s most recognised auto component manufacturers, has announced to acquire a majority stake in EMF Innovations Private Limited (EMFI), a Singapore-backed electric motor design and manufacturing company through its wholly-owned subsidiary, SPR Engenious Limited (SEL). The move will mark SPRL’s foray into the buzzing EV mobility space. […]

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Mahindra partners with EDel, onboards women drivers for last-mile delivery

Mahindra Logistics Ltd. (MLL), one of India’s integrated logistics & mobility solutions providers, in association with Mahindra Last Mile Mobility has announced that they are deploying women drivers for EDel, MLL’s last-mile delivery cargo service on Electric Vehicles. In a significant push to the government’s agenda of generating employment opportunities, EDel will provide employment to women drivers, who will […]

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Hinduja Tech Acquires Drive System Design, Expands Leadership in Global eMobility Industry

Hinduja Tech (HT), a world-class engineering services company, acquired Drive System Design (DSD), an award-winning and globally trusted engineering consultancy known for developing innovative solutions for electrified propulsion systems. DSD currently provides advanced engineering to automotive, commercial vehicle, off-highway, defense and aviation industries from locations in the United Kingdom, the United States, and Asia. The […]

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