
World’s richest man Elon Musk has a gift for India
Bookings for Model 3 will start soon in India. Seen as Tesla’s official entry into the country, it has raised hopes for the future of India’s nascent EV segment.
Bookings for Model 3 will start soon in India. Seen as Tesla’s official entry into the country, it has raised hopes for the future of India’s nascent EV segment.
Earlier this week, union minister Nitin Gadkari announced a slew of measures meant to benefit the electric vehicles industry in India. The sector is enthused, but deeper challenges still abound.
Nishant Arya, executive director, JBM Group, tells Fortune India that while Covid-19 has hit commercial vehicles, demand will pick up and there will be a shift towards cleaner engines.
Electric vehicle maker Ather Energy said that it aims to set up one of the biggest public charging infrastructure in India.
The investment was led by Inventus Capital India, along with Blume Ventures, US-based Emergent Ventures, Singapore-based Jetty Ventures, and Udaan’s co-founder Sujeet Kumar.
MD and CEO Martin Schwenk says he wants to cater to all segments—from an electric car to a super sports car, to SUVs, to the limousine.
Some of the biggest automakers showcase electric cars and concept vehicles at the auto show and say they are working to build an electric ecosystem for a more sustainable future.
Hero Electric’s AE-47 motorcycle, AE-29 scooter, and AE-3 trike are expected to be launched by the end of 2020. The company plans to increase production to 500,000 units in the next three years.
The industry, which contributes 7% to the GDP, has seen falling sales for more than a year.
Why Indian Oil Corporation believes hydrogen fuel cells and not lithium-ion batteries may revolutionise electric vehicles in India.