Electric passenger vehicle market share doubled in March 2023. According to the Federation of Automobile Dealers Association (FADA), the year-on-year (YoY) market share of electric passenger vehicles has doubled to 2.6 percent in March, against 1.3 percent in March 2022. FADA is the apex national body of the automobile retail industry in India engaged in the … Read more
EV charging network provider Statiq on Monday said it has won a contract from public sector oil marketing firm HPCL for setting up over 500 EV chargers across 12 states. Under the contract, the firm will install over 500 chargers, for all types of electric vehicles including two and four-wheelers, at HPCL’s outlets spread across … Read more
Elon Musk is about to release the third iteration of his “Master Plan” for Tesla, something he has apparently been working on for almost a year. Why does he bother? The original Master Plan, blogged in 2006 — four years before Tesla listed — read like a standard Silicon Valley bootstrapping pitch: Sell an expensive … Read more
Tata Motors has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion (roughly Rs 8,277 crore) via a stake sale in its electric vehicle (EV) business, Economic Times reported on Thursday, citing sources. The company plans to sell a significant minority stake, the newspaper report added, eyeing a … Read more
A revamped alliance between Renault and Nissan will face an early test in India, where the automakers plan new investment in a bid to close the gap on rivals, people with knowledge of the plans told Reuters. The automakers reached a deal in principle on Monday to restructure their two-decade partnership by putting both companies … Read more
India’s electric vehicles (EV) market is expected to grow to one crore units annual sales by 2030 and create 5 crore direct and indirect jobs, according to the Economic Survey 2022-23. The survey tabled in Parliament on Tuesday said that in December 2022, India became the third-largest automobile market, surpassing Japan and Germany in terms … Read more