Capex for EV components to cross Rs. 25,000 crore in next 3-4 years: ICRA

Spurred by Government support in the form of subsidies, enhanced awareness, and increasing product launches, the electric vehicle (EV) segment in India has seen a significant upturn in prospects over the past two years. A confluence of factors such as improving product portfolio, charging infrastructure, and financing availability and a gradual decline in battery prices […]

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ChargeUp’s transformative green-tech initiatives for India’s EV market

In a free-wheeling discussion with Rajesh Rajgor, Varun Goenka, Co-Founder & CEO of ChargeUp, highlights the company’s mission to combat environmental issues through sustainable innovations. Established in 2019, ChargeUp is dedicated to creating the largest electric two and three-wheeler distribution network, particularly focusing on e-rickshaws as an affordable and eco-friendly mode of transportation. E-rickshaws had […]

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LG Energy, Hyundai battery partnership will boost Indonesia strategic presence in EV market

Following the news that Hyundai Motor Group has teamed up with LG Energy Solution to build an electric vehicle (EV) battery cell manufacturing joint venture (JV) with US$1.1bn investment in Indonesia; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Indonesia, which has reserves of nickel […]

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Wardwizard Innovations & Mobility targets 25% share of Indian EV market

Wardwizard Innovations & Mobility Limited, the first-ever company listed on BSE under the electric vehicle category, aims to achieve 25% of the overall EV vehicle market in India. With a market capitalization of more than Rs. 1800 crores, Wardwizard envisions the dawn of a new era for the Indian economy. The company has set up its state-of-the-art OEM plant with […]

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