Uber forays into green mobility space; launches Uber Green
Uber Green, which is already present in over 100 cities in 15 countries, will be rolled out beginning June this year, in Delhi, Mumbai and Bengaluru.
Uber Green, which is already present in over 100 cities in 15 countries, will be rolled out beginning June this year, in Delhi, Mumbai and Bengaluru.
The U.K-based luxury car maker will start to invite applications for client orders for the modern luxury all-electric Range Rover later this year.
India has the fourth-largest car market globally, but EV penetration is currently only around 1%, says Moody's.
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.
The investment by IFC will be in the form of compulsory convertible instruments at a valuation of up to ₹6,020 crore.
Chairman Sajjan Jindal wants to launch it as an independent business.
A smooth transition to green mobility takes centrestage in the Budget as India prepares to take on the mantle of the world’s manufacturer in the new global order.
Tata Motors plans to raise $500-600 million from global investors after it garnered $1 billion last year from TPG’s Rise Climate Fund and Abu Dhabi state holding company ADQ.
The Tiago EV is strictly meant for intracity commutes, and not for intercity trips on the highway. The peppy drivability of the car also makes it ideal for city-dwellers or possibly a second car
Bain & Company expects 35-40% of all vehicles sold in India by 2030 to be EVs, up from 2% in 2022.