The Pawan Munjal Family Trust has been allotted 18 preference shares of Ola Electric with a face value of ₹10 each at a premium of Rs 39,87,608 each. Ola Electric has reportedly raised $1 million (around Rs 7.2 crore) from the family trust of Pawan Munjal, the Chariman and Managing Director of Hero MotoCorp as […]
Nitin Gadkari invites players for electric lane of Delhi-Mumbai Expressway
The minister said the government is ready to provide policy support to serious investors and also appealed them to come forward in the field of alternative fuel including bio-CNG and electric vehicle NEW DELHI : Union minister Nitin Gadkari on Thursday urged industry players to join hands with the government for the proposed electric lane […]
REIL Issues EOI for Empanelment of Agency for EV Charging Stations Setup
EOI for Empanelment of agency for Location Identification, Installation, Operation and maintenance of EV Charging station setup by REIL For more information please see below link:
Siemens inks pact to acquire 99% equity in C&S Electric for Rs 2,100 crore
Siemens will acquire about 99 per cent of the equity share capital of C&S Electric for around Rs 2,100 crore (nearly EUR 267 million). Closing of the acquisition is subject to regulatory approvals, the statement added. Siemens on January 24 said it has inked an agreement to acquire 99 per cent equity in New Delhi-based […]
Turkey unveils first fully homemade car in $3.7 billion bet on electric
ISTANBUL: Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years. The project has been a long-time goal of President Tayyip Erdogan and his ruling AK Party […]
Cadillac vehicles shifting to electric from gas by 2030 – exec
DETROIT : The head of General Motors Co’s (GM.N) Cadillac luxury brand said on Thursday that a majority, and possibly all, of the brand’s models would be electric vehicles by 2030. Cadillac president Steve Carlisle also said Cadillac was on track for “low double-digit” sales growth in China in 2019, despite a drop in overall […]
Last-mile mobility to go electric in India: Piaggio Ape Electrik to unveil 18 December
While the Piaggio Ape has been very popular in India for years now, it is now set to go all-electric this year. Piaggio Vehicles plans to convert its passenger and cargo range of commercial vehicles into electric eventually. Piaggio Vehicles has just announced that it will be unveiling the Ape Electrik series in India on […]
Kia Niro EV a Premium Small SUV with an Electric Heart
CHATHAM, Mass.: The Kia Niro EV Premium is a terrific small, spacious crossover, but not a vehicle for everyone in the market for a compact SUV. There are two major compromises you must make to own one: like all Niro models, it is limited to front-wheel drive, so if you are looking for power to all wheels, this […]
Western, Chinese consumers divided on electric, self-driving cars: Survey
Consumers in some Western countries appear unconvinced as automakers overhaul their factories and supply chains to produce pricey electric cars and invest billions to develop self-driving technology New Delhi: Automakers, ride-hailing and technology companies plowing money into the development of electric, self-driving and shared car services will find more enthusiastic consumers in China than in […]
China to target quarter of vehicle sales to be electric by 2025
A draft blueprint for the development of the “new energy vehicle” sector — which includes hybrids and fully-electric vehicles — comes after the government withdrew subsidies for carmakers earlier this year Beijing : China should adopt a plan that will see electric vehicles make up a quarter of all autos sold in the country in […]