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3 mins read
India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report
This fiscal boost comes as India reaches a historic financial milestone. The total market capitaliz…
ANI
2 mins read
Long-term policy support necessary for EV segment growth: Lohia
Phase II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) India sche…
PTI
3 mins read
Budget 2024: Key sustainability and energy initiatives that Indian government plans to implement this year
Budget 2024 aims to boost renewable energy with rooftop solar, EVs, offshore wind, green hydrogen, …
2 mins read
Capex and incentives will lead capital goods sector surge by 9-11% in FY25: CRISIL Ratings
In an outlook for India's capital goods sector, leading manufacturers are poised for sustained doub…
ANI
3 mins read
EV charging is so bleak that some owners are considering going back to gas-powered cars, survey finds
Nearly half of EV owners in the US are considering switching back to a gas-powered car, a McKinsey …
Nora Naughton
2 mins read
Tamil Nadu power distribution company increases electricity tariff to cover financial loss
The state power distribution company said that the total financial loss of the Tamil Nadu Power Gen…
ANI
2 mins read
BMW CE 04 electric scooter launched in India priced at ₹14.90 lakh
BMW Motorrad has today launched the most expensive electric scooter in India. The BMW CE 04, priced…
4 mins read
US-China tariff war could benefit several sectors in India while harming a few others
President Joe Biden imposed fresh tariffs on Chinese products to protect American workers from unfa…
2 mins read
Bankrupt EV start-up Fisker wants to sell its 3,300 unsold electric vehicles at an 80% discount to a company that rents cars to NYC Uber and Lyft drivers
The failed EV manufacturer Fisker wants to sell its inventory to a company that leases vehicles to …
Jack Newsham
2 mins read
Auto sales see a positive trend in June, two-wheeler sales register 21% annual growth: SIAM data
The two wheeler sales in India in June registered a growth of 21.3 per cent year-on-year (Y-o-Y), h…
ANI
2 mins read
Struggling electric vehicle company Canoo spent twice as much on its CEO's private jet as it pulled in last year
The troubled EV company paid $1.7 million for CEO Tony Aquila's flights last year. Canoo brought in…
Shubhangi Goel
1 min read
Passenger vehicle exports rise by 2.68 lakh units in last 4 years; Maruti accounts for 70% of incremental shipments
Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years with …
PTI
3 mins read
Tesla electric vehicles entry into India will be "natural progression", says Elon Musk
In a significant development for India's electric vehicle (EV) industry, EV maker Tesla has lately …
ANI
3 mins read
EV sales expected to grow by over 65% in 2024, double its overall market share
Indian EV makers had a great year in 2023, nearly doubling their sales compared to 2022, despite th…
4 mins read
Electrifying auto market: Planning to buy an EV, compare their price with petrol, diesel and CNG variants
Electric Vehicles (EVs) are here to take over the auto market. In the US, this growing trend is clo…
1 min read
Elon Musk says he didn't ask for Biden's tariff on electric vehicles from China
Elon Musk said he was surprised when President Joe Biden announced a 100% tariff on Chinese electri…
Grace Kay
2 mins read
M&A deal value in India drops 27% in 2023 says Deloitte report
M&A deal value in India fell 27 per cent in 2023 to USD 136 billion but the deals market is expecte…
PTI
2 mins read
An African kingdom famed for its bustling souks and immense desert dunes is revving up to build electric vehicles
According to data company CEIC, Morocco produced 535,825 motor vehicles in 2023, up from 464,864 in…
Nathan Rennolds
3 mins read
Free solar electricity to mobile nuclear plants — major sustainability initiatives announced in Budget 2024!
The new Union Budget focuses on energy security with free electricity, nuclear advancements, and gr…
3 mins read
Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry
The auto industry eagerly awaits Budget 2024 with expectations like FAME 3 scheme, incentives for h…