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JSW MG Aims 33% EV Passenger market share in 6 years
JSW Group will hold 35 per cent stake in the newly formed JSW MG Motor India with Indian financial institutions and domestic MG Motor dealers holding 8 per cent and 3 per cent besides employees owning 5 per centRead more
GLIDA and Statiq join hands to revamp India's EV charging
This seminal collaboration aims to redefine the landscape of EV charging infrastructure across India, promising enhanced convenience, accessibility, and empowerment for Passenger Electric Vehicle (PEV) users nationwideRead more
NexGen Energia to invest Rs 1,000 crore in Jammu and Kashmir EV plant
This move aligns with the company's goal of making eco-friendly transportation accessible to a broader consumer baseRead more
Government considers legal action against three firms for FAME subsidy recovery
The move comes after the ministry of heavy industries failed to recover the disputed amount from these companies even after multiple attemptsRead more
BMW and German automakers express concerns over EV Policy favouring new entrants
The Indian government has given the green light to a new electric vehicle scheme with tax relief aimed at positioning India as a prime manufacturing hubRead more
Hanif Qureshi proposes scheme to boost EV adoption, manufacturing in India
On 13 March, 2024 Prime Minister Narendra Modi government unveiled the Electric Mobility promotion Scheme (EMPS) 2024, with a focus to encourage the purchase of electric two-wheelers (e2W) and three-wheelers (e3W) in the countryRead more
Government approves new EV policy to attract big investment in manufacturing
As per the policy, electric vehicle maker will have to make minimum investment of Rs 4150 crore to set up manufacturing facilities in India, and 50 per cent domestic value addition to be reached within 5 years at the maximumRead more
JSW Group, MG Motor India to launch JV on March 20, Eye Rs 5000 cr investment
The aim of the joint venture is to increase its manufacturing and retail footprint in India. JSW Group is a domestic multinational conglomerate while MG Motor India is owned by Chinese automotive manufacturer SAIC MotorRead more
Servotech secures order worth Rs. 111 Crore from IOCL and other OEMs
The order secured by IOCL involves Servotech manufacturing, supplying and installing DC EV chargers nationwide, prioritizing deployment at Indian Oil petrol pumps and other said locations.Read more
Eicher and ITC partner to promote sustainable logistics
Eicher Pro 2055 EV, India’s first commercially available 5.5ton truck was showcased at the Bharat Mobility Global Expo 2024.Read more