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Ola Electric secures PLI certification, paving the way for subsidies, boosting EV affordability
This achievement marks Ola Electric as the first Indian electric two-wheeler (e2W) company to secure certification under the PLI scheme, with the ministry reportedly granting approval on December 27 after a four-month process.Read more
SIAM Automotive Sourcing Conclave Focuses on Building a Resilient Supply Chain
SIAM organises Automotive Sourcing Conclave where industry experts and leaders came together to address challenges in the Supply Chain.Read more
TN set to attract Rs 50,000 cr investments, generate 150,000 jobs in EV sector by 2025
Prominent EV companies contributing to the significant production in Tamil Nadu include Ola Electric, TVS Motor, Ather in Krishnagiri, Ampere Vehicles in Ranipet, BYD India in Kancheepuram, Stellantis in Tiruvallur, and E-Royce Motors in Coimbatore.Read more
Euler Motors raises Rs 120 Cr in Series-C extension round for pan-India expansion
The company said it has also onboarded Green Frontier Capital, India's first investment firm focused on growth companies as part of this fundraising round along with existing investors, it said.Read more
GameChanger Law Advisors, Speciale Invest launch first of its kind report on EV Battery Packs
As the Report highlights, the Indian EV battery market size is also expected to grow from $16.77 billion in 2023 to $27.70 billion by 2028, at a CAGR of 10.56% between 2023 and 2028, indicating that India's EV battery industry landscape is at the cusp of Read more
Tamil Nadu drives India's electric vehicle revolution
According to data from the Ministry of Road Transport and Highways’ VAHAN Dashboard, a total of 1,044,600 EVs were registered in the country until September 20, 2023, out of which 414,802 were produced in Tamil Nadu.Read more
Hero MotoCorp to invest Rs 550 cr in Ather Energy
Prior to the proposed investment, Hero MotoCorp's shareholding in Ather stood at 33.1 per cent, the country's largest two-wheeler said.Read more
Amara Raja lays foundation stone for E Positive Energy Labs
Amara Raja’s advanced energy research and innovation centre is located at GMR Aerocity near Hyderabad airport.Read more