Electric vehicles (EVs) present an opportunity of almost Rs 3 lakh crore for various stakeholders in India in the five years through fiscal 2026, a CRISIL analysis indicates. The opportunity includes potential revenue of about Rs 1.5 lakh crore across vehicle segments for original equipment manufacturers (OEMs) as well as component manufacturers and ~Rs 90,000 […]
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Defining a new era of SUV design, Tata Motors showcased its Electric SUV Concept – CURVV. Conceptualised to offer practicality and elegance, all whilst exuding dynamism and unmatched road presence, the Concept CURVV is Tata Motors’ rendition of the modern SUV typology. Expected to storm the market within the next two years, this Concept will […]
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Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Therefore, automakers are committing operational investments of nearly US$600bn to secure their position in the future automotive market, says GlobalData, a leading data and analytics company. Broadly, the investments announced focus on […]
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Move expected to strengthen company’s electric propulsion systems leadership BorgWarner has announced that it has completed its acquisition of Santroll Automotive Components, a carve-out of Santroll’s eMotor business. The acquisition is expected to strengthen BorgWarner’s vertical integration, scale, and portfolio breadth in light vehicle e-motors while allowing for increased speed to market. “We are pleased to […]
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Volvo Trucks in North America has won an order for 110 Volvo VNR Electric trucks from the global logistics company Maersk. The deal adds to a previous order of 16 vehicles of the same model and marks the single largest commercial order to date for Volvo’s electric trucks. The order was placed by Performance Team, […]
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The biggest EV delivery event by a 4-wheeler OEM in India in the personal EV space In the biggest single day delivery ever seen in the country, Tata Motors, along with its dealer partners, delivered 712 EVs (564 Nexon EVs and 148 Tigor EVs) to individual customers in Maharashtra and Goa. With a commanding market […]
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While the EV Summit and Exhibition showcased the industry capabilities in new-age industry, ATPSE and i-Auto Connect displayed the industry’s technical and export strengths The Automotive Component Manufacturers Association of India (ACMA) successfully concluded three concurrent events – the ACMA EV Summit and Exhibition, the Auto Technology Partnership Summit and Expo (ATPSE) and i-Auto Connect, […]
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Exide Industries has announced an investment of Rs. 6000 crores in Karnataka as part of its plans to set up a Lithium-ion cell manufacturing giga factory in the state. Subir Chakraborty, MD & CEO, Exide Industries, met with Basavaraj Bommai, Karnataka CM, and his team to confirm the investment. Exide has requested 80 acres of land in the Haraluru Industrial Area near […]
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With this launch, Tata Motors intends to make EVs mainstream for the personal segment Tata Motors, in partnership with Sipradi Trading Pvt. Ltd., is all set to excite the electric vehicle market in Nepal with the launch of the Tigor EV. The Tigor EV deliveries have commenced across the country. Following in the footsteps of […]
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