Despite the rising interest in the cleantech and clean energy space, investors are still hesitant to support startups that are different from the usual SaaS or asset-light business models commonly backed in the venture capital (VC) world, according to a top executive at Schneider Electric Energy Access Asia (SEEAA), an impact fund focused on clean… Continue reading There is a mismatch in expectations Vs reality in impact investments: SchneiderWhile impact investments are still niche, investments made with more su…
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OEMs propose component incentives for effective utilisation of e-truck Subsidy under PM E-Drive
Indian truck manufacturers, including Tata Motors and Ashok Leyland, advocated for component-level incentives and long-term asset utilization to boost the effectiveness of the Rs 500 crore PM E-Drive subsidy for electric trucks, during a consultative meeting hosted by the Ministry of Heavy Industries. Leaders from original equipment manufacturers (OEMs) asked the government to undertake programs… Continue reading OEMs propose component incentives for effective utilisation of e-truck Subsidy under PM E-Drive
OEMs propose component incentives for effective utilisation of e-truck Subsidy under PM E-Drive
Indian truck manufacturers, including Tata Motors and Ashok Leyland, advocated for component-level incentives and long-term asset utilization to boost the effectiveness of the Rs 500 crore PM E-Drive subsidy for electric trucks, during a consultative meeting hosted by the Ministry of Heavy Industries. Leaders from original equipment manufacturers (OEMs) asked the government to undertake programs… Continue reading OEMs propose component incentives for effective utilisation of e-truck Subsidy under PM E-Drive
Setco Auto records highest ever revenue in H1FY25 led by strong demand
Setco Automotive Ltd, one of India’s largest Medium and Heavy Commercial Vehicles (MHCV) clutch manufacturers, reported a 10% increase in revenue from operations in Q2 FY25 to Rs 159.9 crore up from Rs 145.7 crore in Q2 FY24. The company’s EBITDA for Q2 FY25 was Rs 26.0 crore, a 104% year-on-year growth from Rs 12.7… Continue reading Setco Auto records highest ever revenue in H1FY25 led by strong demand
WhatsApp now lets you save message drafts
/ There’s no more excusing yourself for typing a reply to your friends and ‘forgetting’ to send it out. By Umar Shakir, a news writer fond of the electric vehicle lifestyle and things that plug in via USB-C. He spent over 15 years in IT support before joining The Verge. Share this story Illustration: The… Continue reading WhatsApp now lets you save message drafts
State of Michigan announces delivery-focused wireless charging partnership with Electreon, Xos
The State of Michigan has announced a new partnership with Electreon, a provider of wireless charging solutions, and Xos, a commercial EV manufacturer, to operate wireless charging technology for electrified commercial vehicles in the American state. Through the partnership, Electreon’s wireless charging technology will be integrated into an Xos Stepvan (the OEM’s electric delivery van)… Continue reading State of Michigan announces delivery-focused wireless charging partnership with Electreon, Xos
Nissan unveils sleek new N7 electric sedan to reverse slumping sales in China
Nissan introduced its newest EV, a sleek all-electric sedan, at the Guangzhou Auto Show this week. The N7 is the first Nissan electric vehicle under its new strategy to spark life back into the brand in China. Nissan hopes new N7 EV can compete in China Like most foreign automakers, Nissan is struggling to stay… Continue reading Nissan unveils sleek new N7 electric sedan to reverse slumping sales in China
Tesla adds 3 months of free Supercharging and Full Self-Driving to its end-of-year deals
Tesla is adding new incentives to convince people to buy its vehicles by the end of the year: 3 months of free Supercharging and Full Self-Driving. Those are being added to FSD transfers, discounts, and more. In Q4, Tesla aims to deliver a record number of at least 515,000 vehicles in order for deliveries not… Continue reading Tesla adds 3 months of free Supercharging and Full Self-Driving to its end-of-year deals
GM lays off 1,000 employees amid reorganization, cost-cutting
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the… Continue reading GM lays off 1,000 employees amid reorganization, cost-cutting
Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1
Hyundai CEO Jaehoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto Show Michael Wayland | CNBC DETROIT – Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the South Korean automaker, effective Jan. 1. Munoz, an auto industry… Continue reading Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1