Ola Electric will begin production of its first electric battery cell manufacturing facility in 2023-24, in an attempt to reduce dependence on high-cost imports. The company’s first NMC (Nickel Manganese Cobalt) battery cell 2170 cell will be ready by the end of this year or early next year, company officials informed Autocar Professional. Ola Electric’s Chief Business Officer… Continue reading Ola Electric’s battery and cell manufacturing facility to be functional in 6 to 9 months
Category: US Motoring Press
Ola Electric’s battery and cell manufacturing facility to be functional in 6 to 9 months
Ola Electric will begin production of its first electric battery cell manufacturing facility in 2023-24, in an attempt to reduce dependence on high-cost imports. The company’s first NMC (Nickel Manganese Cobalt) battery cell 2170 cell will be ready by the end of this year or early next year, company officials informed Autocar Professional. Ola Electric’s Chief Business Officer… Continue reading Ola Electric’s battery and cell manufacturing facility to be functional in 6 to 9 months
JLR sales up 29 percent in Q1 FY2024, ramped-up production cuts order backlog
JLR, previously known as Jaguar Land Rover, today reported increased sales for the first quarter of FY2024 (April-June 2023) compared to a year ago, reflecting continuing improvement in chip and other supply constraints. Wholesale volumes for the first quarter were 93,253 units (excluding the Chery Jaguar Land Rover China JV), up 30% compared to… Continue reading JLR sales up 29 percent in Q1 FY2024, ramped-up production cuts order backlog
Daimler India to expand plant capacity by 25%, take the output to 50,000 units
Operating at 100% capacity, Daimler India Commercial Vehicles (DICV), a wholly-owned subsidiary of Daimler Truck AG, Germany, is looking to expand its production capacity at its plant in Oragadam, Chennai by 20-25%. The plant currently has a total capacity of 36,000 units in two shifts, DICV is looking to increase this to 45,000–50,000 units in… Continue reading Daimler India to expand plant capacity by 25%, take the output to 50,000 units
Lectrix EV introduces instant loan eligibility tool
Lectrix EV, the electric vehicle brand from the SAR Group, has launched a feature to check instant loan eligibility for any two-wheeler on its website lectrixev.com, without a paywall attached to the process. This tool is designed to streamline EV adoption in India, providing time-saving and anxiety-reducing features while enabling customers to make instant purchase decisions. … Continue reading Lectrix EV introduces instant loan eligibility tool
Lectrix EV introduces instant loan eligibility tool
Lectrix EV, the electric vehicle brand from the SAR Group, has launched a feature to check instant loan eligibility for any two-wheeler on its website lectrixev.com, without a paywall attached to the process. This tool is designed to streamline EV adoption in India, providing time-saving and anxiety-reducing features while enabling customers to make instant purchase decisions. … Continue reading Lectrix EV introduces instant loan eligibility tool
Olectra awarded Letter of Intent worth Rs 10,000 crore for 5150 e-buses by MSRTC
The consortium of Olectra Greentech and EVEY Trans has been awarded a Letter of Intent (LoI) from the Maharashtra State Road Transport Corporation (MSRTC) to supply, operate, and maintain 5,150 electric buses and allied electrical and civil infrastructure. The contract is worth approximately Rs 10,000 crore and will be operated over a period of 12… Continue reading Olectra awarded Letter of Intent worth Rs 10,000 crore for 5150 e-buses by MSRTC
Wardwizard posts 19% (YoY) growth in its June electric two-wheeler sales
Wardwizard Innovations & Mobility, the Joy E-Bike’s manufacturer, claims a 19% year-on-year increase, selling 2,529 units of low-speed and high-speed electric two-wheelers in June’23, up from 2,125 units in June’22. The EV maker, which had previously planned to raise Rs 1,300 crore for its lithium-ion cell manufacturing plant and enter the electric three-wheeler market, recently… Continue reading Wardwizard posts 19% (YoY) growth in its June electric two-wheeler sales
Wardwizard posts 19% (YoY) growth in its June electric two-wheeler sales
Wardwizard Innovations & Mobility, the Joy E-Bike’s manufacturer, claims a 19% year-on-year increase, selling 2,529 units of low-speed and high-speed electric two-wheelers in June’23, up from 2,125 units in June’22. The EV maker, which had previously planned to raise Rs 1,300 crore for its lithium-ion cell manufacturing plant and enter the electric three-wheeler market, recently… Continue reading Wardwizard posts 19% (YoY) growth in its June electric two-wheeler sales
India approves draft notification mandating air-conditioned trucks; OEMs applaud move
The Indian government has approved a draft notification that would require all trucks belonging to categories N2 and N3 to have air conditioning systems in their cabins. The initiative, which Road Transport and Highways Minister Nitin Gadkari announced on Twitter yesterday, aims to increase truck drivers’ safety and comfort. Trucks are classified into three categories… Continue reading India approves draft notification mandating air-conditioned trucks; OEMs applaud move