As these models gain traction, experts believe they could significantly broaden access to commercial EVs, particularly among small fleet operators and independent drivers. A new ecosystem of startups and financial institutions is emerging to address the unique challenges of financing electric commercial vehicles (EVs) in India, as the segment moves from niche to scalable, according… Continue reading Startups and Financiers rethink EV funding models for commercial adoption in India
Author: Economic Times of India Online News
EV bus prod in Hinduja unit in two months
A delegation from the Hinduja Group informed the state govt on Wednesday that commercial production at the Ashok Leyland EV Bus Manufacturing facility in Lucknow is expected to commence within two months. In a meeting with Chief Secretary Manoj Kumar Singh, the delegation said that construction of the facility had been completed in a record… Continue reading EV bus prod in Hinduja unit in two months
Kinetic Green, Tonino Lamborghini join hands to enter e-carts biz; eye $1 bn turnover in 10 yrs
I placed the sleek Tonino Lamborghini watch on the polished desk. The city lights shimmered through the window, reflecting on its surface. Kinetic Green on Thursday joined hands with Italy’s Tonino Lamborghini to roll out golf and lifestyle carts for global markets with expectations to corner a USD 1 billion turnover over the next decade.… Continue reading Kinetic Green, Tonino Lamborghini join hands to enter e-carts biz; eye $1 bn turnover in 10 yrs
Centre sets ball rolling for India’s Automotive Mission Plan 2047
नई दिल्ली, 17 जुलाई (आईएएनएस)। भारी उद्योग मंत्रालय ने ऑटोमोटिव मिशन प्लान 2047 (एएमपी 2047) तैयार करने की पहल की है। इसका उद्देश्य 2047 तक भारत को ग्लोबल ऑटोमोटिव सेक्टर में अग्रणी बनाने के लिए इनोवेशन, वैश्विक प्रतिस्पर्धात्मकता और सस्टेनेबल डेवलपमेंट को बढ़ावा देना है। गुरुवार को जारी एक आधिकारिक बयान में यह जानकारी दी… Continue reading Centre sets ball rolling for India’s Automotive Mission Plan 2047
24 drivers finalised for Indian Racing League 2025 edition
Franchise owners, including public figures from cinema and sport like Arjun Kapoor, Naga Chaitanya, and Sourav Ganguly, were present at the draft. The Indian Racing Festival (IRF), for its 2025 season, held the Driver Draft in Mumbai for the Indian Racing League (IRL). The event finalised 24 drivers across six franchise teams, introducing a structured… Continue reading 24 drivers finalised for Indian Racing League 2025 edition
Japan’s exports drop as US tariffs hit automobiles, pressure set to intensify
Japan’s exports dipped 0.5% in June, marking a second straight monthly decline, as U.S. tariffs hit manufacturers and trade tensions threaten further economic strain. June exports down 0.5% yr/yr vs forecast rise of 0.5% Japan’s exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country’s manufacturers, with its… Continue reading Japan’s exports drop as US tariffs hit automobiles, pressure set to intensify
Volvo CEO wants EU to cut ‘unnecessary’ auto tariffs to defuse Trump threat
Volvo Cars’ CEO has called on the EU to scrap its 10% tariff on U.S.-made cars, saying European automakers don’t need protection from American rivals. The chief executive of Volvo Cars urged the European Union to cut its 10% tariff on American-made cars, arguing that European automakers do not need protection from U.S. competitors, in… Continue reading Volvo CEO wants EU to cut ‘unnecessary’ auto tariffs to defuse Trump threat
Parkobot raises ₹2.09 crore in seed funding from Inflection Point Ventures
Raj Kumar Bihani, CMO & Co-Founder, Animesh Mukherjee, CTO & Co-Founder, Amrit Choudhury, CEO & Co-Founder_Parkobot Parkobot, a start-up offering an IoT-enabled platform for private parking space monetisation, on Thursday said it has raised ₹2.09 crore in a seed funding round led by Inflection Point Ventures (IPV). The round also saw participation from high-net-worth individuals.… Continue reading Parkobot raises ₹2.09 crore in seed funding from Inflection Point Ventures
Chinese automakers should have fair access to EU market, Chinese business group says
Chinese-funded automakers deserve fair market access in the EU, said China’s Chamber of Commerce, warning against a shift from de-risking to decoupling. Chinese-funded automakers should have fair and impartial market access to the European Union, the China Chamber of Commerce to the EU said on Wednesday, expressing concern that the bloc might shift from its… Continue reading Chinese automakers should have fair access to EU market, Chinese business group says
Centre may seek details on missing auto PLI claims
The step is a part of a larger review of the scheme, for ascertaining reasons behind its faltering, they said, adding just a third of the more than 80 intended beneficiaries have raised claims so far. The Centre is likely to call for information from around 50 beneficiaries of the Production-Linked Incentive scheme for the… Continue reading Centre may seek details on missing auto PLI claims