As auto sales boomed in the mid-2010s, hundreds of EV makers hoped to become the country’s answer to Elon Musk’s Tesla. Beijing: China buys more electric vehicles than any other country, and most sales occur in big cities such as Beijing and Shanghai. EV buyers there can afford to spend 300,000 yuan ($43,000) on a… Continue reading China’s EV makers target drivers who can’t afford a Tesla
Author: Economic Times of India Online News
Carmakers borrow industry-leading $132 billion to weather Covid-19
Loans for virus relief eased during July as firms repay loans. (Image: Bloomberg) New York: The automotive industry has borrowed $132 billion since March as the spread of the coronavirus curbed demand for cars and closed factories. The sector is the largest user of funds put in place to ease the impact of the pandemic.… Continue reading Carmakers borrow industry-leading $132 billion to weather Covid-19
Plug it in: Electric car charging station numbers are rising
There are now 26,000 electric vehicle charging stations open to the public in the U.S., with more than 84,000 plugs. DETROIT: When the electric car revolution arrives, will there be enough places to plug in? There are now 26,000 electric vehicle charging stations open to the public in the U.S., with more than 84,000 plugs.… Continue reading Plug it in: Electric car charging station numbers are rising
Ampere Electric partners with OTO Capital for vehicle leasing plans
An Ampere Zeal model that would cost Rs 3,020 using other financial means can now be availed at an OMI (Ownership Monthly Instalment) of Rs 2,220. New Delhi: Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd, on Friday announced its partnership with OTO Capital to offer vehicle leasing plans for buyers. As… Continue reading Ampere Electric partners with OTO Capital for vehicle leasing plans
EVI Technologies ties up with RevFin for EV financing
As part of the tie-up, EVI Technologies will provide swappable battery solutions and Revfin will help finance users to get EVs along with Swappable batteries. New Delhi: The EV charging infrastructure startup EVI Technologies (EVIT) on Monday announced its partnership with digital lending start-up, RevFin alongside electric three-wheeler manufacturing companies, Saarthi and Mayuri for funding… Continue reading EVI Technologies ties up with RevFin for EV financing
Japan, Britain to protect encryption keys in trade pact
A Japan-Britain agreement on advanced digital standards would pave the way for creating an international framework to protect intellectual property and the free flow of data. TOKYO: Japan and Britain have agreed not to force their companies to disclose algorithms or set up local data servers, as part of talks aimed at a bilateral trade… Continue reading Japan, Britain to protect encryption keys in trade pact
Tata Motors’ EV sales head Ashesh Dhar passes away
Ashesh Dhar joined Tata Motors in 2011 and previously headed Sales Support, Utility Vehicles and Tata Motors Assured divisions, before taking up the role of Head of Sales, Marketing and Customer Care, Electric Vehicles back in July 2018. (Image: SocialSamosa) New Delhi: Ashesh Dhar, the Head of Sales, Marketing and Customer Care, Electric Vehicles, Tata… Continue reading Tata Motors’ EV sales head Ashesh Dhar passes away
Sisodia inaugurates first e-vehicle charging station in East Delhi
The station can charge four vehicles at a time, in 45 to 90 minutes, depending on the vehicle type, a Delhi government statement said. New Delhi: Deputy Chief Minister Manish Sisodia inaugurated the first public e-vehicle charging station in East Delhi in his constituency Patparganj on Saturday. “Electric vehicles are the future that will make… Continue reading Sisodia inaugurates first e-vehicle charging station in East Delhi
NCLT approves Deccan Value Investors’ bid for Amtek Auto
The corporate insolvency resolution process of Amtek Auto was initiated on July 24, 2017 by the NCLT. The National Company Law Tribunal (NCLT) has approved a Rs 2,700-crore bid by Deccan Value Investors (DVI) for the debt-ridden Amtek Auto Ltd. The Chandigarh bench of the NCLT has approved the resolution plan by DVI for the… Continue reading NCLT approves Deccan Value Investors’ bid for Amtek Auto
Tata Motors Group global wholesales down 64% to 91,594 units in Q1 FY21
Global wholesales for the Tata Motors owned British automaker Jaguar Land Rover were 65,425 vehicles. New Delhi: Tata Motors on Friday has announcd that its group global wholesales in Q1 FY21, including Jaguar Land Rover, were at 91,594 units, down by 64 percent, as compared to Q1 FY20. The auto major also said that global… Continue reading Tata Motors Group global wholesales down 64% to 91,594 units in Q1 FY21