
EVs to create $100 bn revenue opportunity for India: Bain & Company
Bain & Company expects 35-40% of all vehicles sold in India by 2030 to be EVs, up from 2% in 2022.
Bain & Company expects 35-40% of all vehicles sold in India by 2030 to be EVs, up from 2% in 2022.
The new rules cover electric vehicle batteries, portable batteries, automotive batteries and industrial batteries.
The draft policy looks to decouple an EV and its battery by enabling the use of the battery as a service, without ownership of the battery.
Exide in the process of forming a special purpose vehicle by way of a wholly-owned subsidiary for carrying out its lithium-ion cell manufacturing business.
The EV ecosystem is presenting strategic advantages to electronic waste recyclers and tech entrepreneurs—who would like to capitalise on the rising lithium-ion battery demand.
The lag in procurement of automotive components from China, though manageable in the short term, could hit production at slowdown-hit automakers in India.
Battery storage could be the next frontier for the power sector in India where hardships from power outages are not a distant memory.
Ola’s electric mobility arm has become India’s newest unicorn following an investment of $250 million from SoftBank.
We want to break the myth that e-vehicles can’t compete with petrol and diesel two-wheelers in terms of performance, speed, and reliability, says Okinawa’s managing director Jeetender Sharma.
The 100-year-old dry cell batteries firm, which also sells household appliances, is in diversifying mode; it has launched a fruit based jelly-textured candy called Jollies.