BP Pulse has more than 39,000 EV charge points globally, the company said, and plans to have 100,000 points by 2030. A unit of BP signed a deal with mall owner Simon Property Group to install and operate more than 900 high-speed electric-vehicle chargers at 75 sites across the United States, the companies said on… Continue reading BP signs deal with mall owner Simon Property for over 900 EV chargers
Author: Economic Times of India Online News
GM to invest USD 900 mn to retool Michigan auto plant to build EVs
GM said it would produce EVs in Lansing at a future date and declined to discuss details of the planned models but said the plant would continue to produce the Cadillac CT4 and CT5. General Motors plans to invest at least USD 900 million to retool a Lansing, Michigan auto plant to build electric vehicles,… Continue reading GM to invest USD 900 mn to retool Michigan auto plant to build EVs
Global EV sales up 13% in June, down 7% in Europe, says Rho Motion
The EU imposed last week tariffs of up to 37.6% on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels’ largest trade case yet. Global sales of fully electric and plug-in hybrid vehicles rose by 13% in June versus the same month in 2023 driven by growth… Continue reading Global EV sales up 13% in June, down 7% in Europe, says Rho Motion
UP’s sops for hybrid vehicles irk EV companies, add to industry’s June sob story
Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. New Delhi: The Uttar Pradesh government’s recent decision to provide incentives for hybrid vehicles has irked electric vehicle (EV) manufacturers, especially as it comes hard… Continue reading UP’s sops for hybrid vehicles irk EV companies, add to industry’s June sob story
Vidyut launches offline Pre-owned EV sales and financing platform in Delhi-NCR, Hyderabad, and Bengaluru
By providing these services, the company hopes to make EV ownership more accessible and financially viable, thereby encouraging more people to adopt electric vehicles. Bengaluru-based electric mobility startup Vidyut announced the launch of its offline pre-owned EV sales and financing platform on Thursday. The new services are first being made available in Delhi-NCR, Hyderabad, and… Continue reading Vidyut launches offline Pre-owned EV sales and financing platform in Delhi-NCR, Hyderabad, and Bengaluru
Vedanta Aluminium expands fleet of electric forklifts to strengthen sustainability efforts in India
The company has committed to decarbonising 100% of its light motor vehicle (LMV) fleet by 2030. Vedanta Aluminium has expanded its fleet of electric lithium-ion forklifts to 66 units, reinforcing its commitment to sustainable operations and supporting its decarbonisation journey. The addition of 22 electric forklifts at its smelter operations in Jharsuguda, Odisha, marks a… Continue reading Vedanta Aluminium expands fleet of electric forklifts to strengthen sustainability efforts in India
Vidyut launches in-house used EV sale and financing platform to boost convenience for customers
Xitij Kothi and Gaurav Srivastava, Co-founders, Vidyut Tech Vidyut, a Bengaluru-based startup founded in November 2021, has launched an in-house platform for the sale and financing of used electric vehicles (EVs). This new service aims to make EV ownership more convenient and stress-free by managing the complete process from vehicle inspection and valuation to sale… Continue reading Vidyut launches in-house used EV sale and financing platform to boost convenience for customers
Auto component industry’s revenue to grow by 5-7% in FY25: ICRA
Exports, which account for close to 30% of the industry’s revenues, are likely to be impacted by subdued growth in end-user markets. The Indian auto component industry is projected to see a revenue growth of 5-7% in FY2025, following a strong 14% growth in FY2024, as per the latest report by ICRA. The industry’s operating… Continue reading Auto component industry’s revenue to grow by 5-7% in FY25: ICRA
CM Naidu invites VinFast to set up EV, battery manufacturing plants in Andhra Pradesh
Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday met VinFast Chief Executive Officer (CEO) Pham Sanh Chau. Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday met VinFast Chief Executive Officer (CEO) Pham Sanh Chau and had an engaging discussion session with him. He invited his company to set up electrical vehicles and battery… Continue reading CM Naidu invites VinFast to set up EV, battery manufacturing plants in Andhra Pradesh
Rupee to inch up before US inflation print, tracking Asian peers
The drop in U.S. Treasury yields amid soft U.S. ISM PMI data and moderating payrolls has relieved the pressure on Asian currencies. The Indian rupee is poised to open marginally higher on Thursday, in the wake of an uptick on Asian peers before data that may be key to the Federal Reserve cutting or holding… Continue reading Rupee to inch up before US inflation print, tracking Asian peers