Dive into the tech & future
Tata Motors has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion (roughly Rs 8,277 crore) via a stake sale in its electric vehicle (EV) business, Economic Times reported on Thursday, citing sources. The company plans to sell a significant minority stake, the newspaper report added, eyeing a … Read more
The Tamil Nadu government on Tuesday unveiled its electric vehicle (EV) policy 2023 which aims to garner investments to the tune of Rs. 50,000 crore and generate 1.50 lakh jobs, in a boost to the EV industry. Chief Minister M K Stalin formally released the new policy in the presence of government officials at the … Read more
Japanese car maker Nissan will buy a stake of up to 15 percent in Renault’s electric vehicle (EV) unit Ampere, the pair said on Monday, in a reboot of a long and sometimes contentious alliance that will also create more common car platforms. The agreement, which came after months of tense talks, includes the previously … Read more
Suzuki Motor will invest JPY 4.5 trillion (roughly Rs. 2,85,614 crore) through fiscal 2030 in research, development and capital spending to make battery electric vehicles (EVs), it said on Thursday. The Japanese automaker known for making compact “kei” cars said it would invest JPY 2 trillion in electrification and autonomous driving technologies, while allocating JPY 2.5 … Read more
Xiaomi announced in 2022 that it would foray into the electric vehicle segment with the introduction of its first such EV scheduled for some time in 2024. According to a new report, the electric vehicle codenamed ‘Modena’ has been spotted being tested in snow and ice weather conditions in China’s Inner Mongolia Autonomous Region, as … Read more
Citroen India on Friday announced a strategic partnership with Jio-Bp, a fuels and mobility joint venture between Reliance Industries (RIL) and bp, to build electric vehicle infrastructure and services across its network. “Jio-Bp will install DC fast-chargers across Citroen‘s key dealership network and workshops across the country in phases,” Jio-Bp and Citroen India said in … Read more
Leading EV charging solutions provider Tata Power on Friday said it has started a nationwide plan of setting up 25,000 electric vehicle (EV) charging points across the country to support faster adoption of e-mobility over the next five years. The company is showcasing its range of hi-tech electric vehicle charging solutions at the ongoing Auto … Read more
Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview. With total sales of 50,000 electric cars to date, India’s Tata Motors dominates the country’s EV market and has outlined plans to launch … Read more
Hyundai Motor on Wednesday launched its first all-electric IONIQ5 SUV at Auto Expo 2023 here. The all-electric sports utility vehicle will cover 631 km once it is fully charged. Ioniq 5 can be charged from 10-80 percent in 18 minutes with a 350 KW DC charger and in 21 minutes with 150KW DV charger, according to … Read more
Tata Motors plans to expand its electric car portfolio with new models and higher price points, its managing director said on Wednesday, as it looks to cement its lead as the top selling electric vehicle (EV) company in India. The carmaker will also offer a choice of ranges for its EVs so it can address … Read more