In Short : Madhya Pradesh CM Mohan Yadav has secured investment commitments worth ₹1.8 lakh crore ahead of the state’s investor meet. The funds will be directed toward key sectors, including infrastructure, renewable energy, and manufacturing. The initiative aims to boost economic growth, generate employment, and position Madhya Pradesh as a major investment hub in […]
Nissan may bring ultra-compact EV production in-house from 2028, sources say – EQ
In Short : There are reports suggesting that Nissan may bring the production of ultra-compact electric vehicles (EVs) in-house from 2028. This move aligns with the global shift towards electric mobility and indicates Nissan’s strategy to play a more active role in the production of smaller electric vehicles. In Detail : Japan’s Nissan Motor may […]
Rs 5,294 cr subsidy provided to EV makers under phase-II of FAME scheme: Centre – EQ
In Short : The Indian government has reportedly provided a subsidy of Rs 5,294 crore to electric vehicle (EV) manufacturers under the second phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. This initiative aims to promote the adoption of electric vehicles and contribute to sustainable and cleaner mobility in […]
Tata Power and Indian Oil Corporation Collaborate to Deploy 500+ Fast and Ultra-Fast EV Charging Points across India – EQ
In Short : Tata Power and Indian Oil Corporation (IOCL) have joined forces to deploy over 500 fast and ultra-fast electric vehicle (EV) charging points across India. This collaboration represents a significant step in expanding the EV charging infrastructure, encouraging the adoption of electric vehicles and promoting sustainable mobility in the country. In Detail : […]
L&T Finance partners with Ather Energy to offer up to 100% of Loan-to-Value (LTV) on Electric Vehicles (EV) – EQ
L&T Finance to offer loans at the lowest interest rate @ 6.99% per annum Customers can avail up to 100% of the Loan-to-Value (LTV) without any income proof Loan from L&T Finance can be availed hassle-free without any hypothecation Turn-Around-Time (TAT) for availing the loan is below 5 minutes and with on-the-spot approvals Mumbai : […]
Euler Motors and Fyn Partner to Transform India’s Logistics with Fast Charging EVs – EQ
● Fyn to procure 2000 fast charging Euler HiLoad EVs from Euler Motors to meet the growing demand from the logistics industry ● Partnership is a part of Fyn’s expansion plans into new geographies like Mumbai, Delhi and Coimbatore ● Euler Motors is expected to deliver over the next 18 months ● With this partnership, […]
Godawari Electric Motors lines up Rs 100 cr over next 3 yrs for biz expansion – EQ Mag
The Raipur-based firm moved into the electric two-wheeler segment with the launch of Eblu Feo, tagged at Rs 99,999 lakh. Godawari Electric Motors lines up Rs 100 crore over the next 3 years for business expansion Godawari Electric Motors stated it will be investing Rs 100 crore over the next three years to develop new […]
Maharashtra: Electricity usage by EVs rises from 4.56 million units in Sep last year to 14.44 million units in July 2023, says MSEDCL – EQ Mag
Mumbai/Thane : The power usage for electric vehicles (EVs) rose more than three-fold from 4.56 million units in September last year to 14.44 million units in July 2023, the Maharashtra State Electricity Distribution Company Limited said on Monday. State-run MSEDCL, also called Mahavitaran, is the nodal agency for providing charging stations for EVs, as well […]
India sees over 120% growth in EVs, hybrid vehicles surge 400% – EQ Mag
Assistance systems (ADAS) rapidly expanded by 350 per cent (year-on-year) and the adoption of connected and digital cockpit features continue to gain steady traction in passenger vehicles, surpassing 60 per cent, according to the report by CyberMedia Research (CMR). India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this […]
India Electric Mobility Council demands continuation of incentives for electric vehicle sector – EQ Mag
New Delhi : Industry body IEMC on Thursday demanded continuation of incentives given to electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from estimated 125 million. According to India Electric Mobility Council (IEMC), India Energy Storage Alliance (IESA) has estimated that on discontinuation […]