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Chinese auto manufacturer BYD to establish $1 bn manufacturing plant in India
Due to its Chinese connections, BYD is partnering with Hyderabad-based Megha Engineering and Infrastructures.Read more
Volvo: Despite fluctuations, EVs to be the future
In India, 27,300 electric cars were sold in the first quarter of 2024-25 with no year-on-year growth, while hybrid car sales increased by 38% to 22,300 units.Read more
Abhinava Rizel to launch hybrid EV motors for passenger and cargo 3-wheelers
In September 2022, MM Forgings put Rs 158.4 billion for an 88% stake in Abhinava Rizel.Read more
ABB’s PixelPaint chosen by Mahindra to deploy services at EV paint facility
M&M will be the first OEM in India to use PixelPaint technology for the painting of contrasting roofs and pillars. Read more
Critical EV components to be localised by 2030
Achieving 100% localisation in India is not feasible due to the scarcity of certain rare earth materials, limited lithium-ion mining, and low levels of electronics manufacturing.Read more
India to receive critical mineral access with Australian FTA; lower emissions
Like Australia, India has signed a trade pact with the four-nation European Free Trade Association (EFTA) and Norway is a key member of that grouping.Read more
India's 45% of EV sales from South India
The report also revealed that over 123,000 units of battery electric vehicles are likely to be sold in India by end of 2024.Read more
Temico Motor to make powertrains for Indian EV manufacturers
It is expected to start mass production after gaining certification from the Bureau of Indian Standards next month.Read more
EV demand increasing rapidly in Indian cities; BloombergNEF
In 2023, Rajasthan’s capital Jaipur accounted for more than 79% of all electric cars sold in the state’s five tier 2 cities that were analysed. Read more
EV import scheme can affect Hyundai’s business
This policy will enable foreign OEMs to set up manufacturing bases in India, and also enter the domestic sales market, which will also intensify competition in the industry.Read more