Ola Electric, India’s largest electric vehicle company, maintained its leadership in the EV 2W segment and has cemented its pole position with ~40% market share for the month of June. Despite a decline in overall industry sales due to the reduction in subsidy, Ola Electric registered close to 18,000 units in June (as per Vahan […]
Continue Reading
TORK Motors, leading home-grown electric motorcycle manufacturer, has inaugurated three new Experience Zones in Gujarat – two in Rajkot and one in Ahmedabad. The 3S facilities will be home to brand’s KRATOS-R motorcycle and will offer sales and after sales services including spares, to consumers in the region. TORK Motors now has four physical touchpoints in the state of Gujarat […]
Continue Reading
Ola Electric, India’s largest EV company, has announced the commencement of construction of India’s biggest Gigafactory. The company has installed the first pillar of its cell factory in Krishnagiri, Tamil Nadu. Ola Gigafactory will be one of the fastest cell factories built, set to revolutionize the manufacturing landscape, and take the EV revolution to humanity scale from India […]
Continue Reading
The Indian automotive components sector will clock 10-12% growth in revenue in fiscal 2024, riding on continuing domestic growth buoyed by robust demand from original equipment manufacturers (OEMs)1 on the back of high base of past fiscals, and steady aftermarket demand. This is despite exports continuing to remain sluggish. Continuing demand momentum, driven by OEMs, […]
Continue Reading
Mahindra Last Mile Mobility (LMM), a division of Mahindra & Mahindra, has cemented its No.1* electric 3-wheeler manufacturer status in FY23. During this period, LMM sold 36 816 EVs and had a market share of 14.6%*. This is significantly up from FY22’s performance of 17 522 units and 7.6%* market share. The widespread 1150 touchpoints […]
Continue Reading
CJ DARCL Logistics, a leading player in the logistics industry, is taking significant strides towards sustainability by introducing its first electric vehicle (EV) for intra-city cargo movement in Bengaluru. This marks a pivotal moment in CJ DARCL Logistics’ unwavering dedication to sustainability and its ambition to achieve zero carbon emissions. Nikhil Agarwal, President, CJ DARCL […]
Continue Reading
CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, has announced the findings of its report, ‘Electric Vehicles in India – New Wheels on the Roads’. The report focuses on the real estate strategies for various stakeholders in the electric vehicle manufacturing lifecycle. According to the report, real estate requirements for manufacturing EV batteries are […]
Continue Reading
Scoring yet another industry first, Ather Energy, India’s leading electric scooter manufacturer announced a new 60-month vehicle loan product that will make EV scooters more affordable and accelerate its adoption in the world’s largest two-wheeler market. This is also the first time that a finance product with a tenure of 5 years has been rolled […]
Continue Reading
Ola Electric, India’s largest electric vehicle company, today announced the opening of its 500th Experience Centre (EC) in Srinagar District of Jammu & Kashmir, as part of its strategy to expand its direct-to-consumer (D2C) presence across the length and breadth of the country. With presence in close to 300 cities, Ola has been actively launching […]
Continue Reading
Mahindra Last Mile Mobility (LMM), a part of Mahindra & Mahindra (M&M), today organised a ground-breaking ceremony for a new manufacturing unit at its existing plant in Zaheerabad, Telangana. Shri. K. T. Rama Rao, Honourable Minister for Municipal Administration and Urban Development; Industries and Commerce; and Information Technology, Electronics and Communications, Government of Telangana, was the […]
Continue Reading