CNG car market to grow faster than EVs: Tata Motors
Tata Motors is expecting a moderate single-digit expansion of the EV market in 2024-25.
Tata Motors is expecting a moderate single-digit expansion of the EV market in 2024-25.
Automakers that set the most ambitious electrification plans had to lower their targets, says Moody's.
Moody's says the global car industry will hit the past peak of 95 million vehicles by 2026.
Hybrid is not really the technology for the future that EV is, says Mahindra Group CEO Anish Shah
43.7 lakh EVs plus hybrid vehicles registered in India, just 1.22% of total vehicles in the country, which is far below the global average
The current trend of hybrid cars outselling electric vehicles in India is likely to continue in the short term, say experts
Despite over 30 lakh EVs plying on the roads, India hasn't yet decided the charging standards it must follow.
Amongst the total EV sales, electric two-wheelers sales stood the highest at 62%. The electric two-wheeler manufacturers sold 7,26,976 units in FY23.
Easing chip shortage globally has helped Indian companies like Maruti Suzuki and Tata Motors post record sales in 2022.
Around 16 million electric cars are on the road worldwide, consuming 30 TWh of electricity per year, equivalent to all the electricity generated in Ireland.