EV makers are likely to agree with Finance Minister Nirmala Sitharaman to allocate an outlay of Rs 2,671 crore for faster adoption and manufacturing of electric (and hybrid) vehicles in India (FAME) for FY25. The additional outlay of the scheme in the interim budget is the first official indication...
BPCL has placed an order for 1,800 DC EV chargers from Servotech Power Systems Ltd. With a project value of Rs 120 crore, Servotech will manufacture, supply, and install 1,800 EV chargers across the country at BPCL's petrol pumps in major cities by the end of the year 2024. As part of the BPCL E-...
NEW DELHI: Since it is a Lok Sabha election year, the Union Budget 2024 on February 1 will be provisional. The automotive industry expects the budget to adopt a growth-oriented strategy, prioritizing improving localization capabilities and stimulating the adoption of alteative fuel solutions. This i...
India's electric vehicle sector achieved a historic milestone in 2023, with sales crossing 1.5 million units and year-on-year growth of 50%. However, EV penetration remains low due to range conces, high prices, and inadequate charging infrastructure. Dr. Waman Parkey, Partner and Head of Automotive ...
Tata Motors plans to start production of electric vehicles at the Sanand plant in April, as it is acquiring the facility from Ford India. The company will start production of the Nexon EV and plans to introduce the Curvv EV and Harrier EV. Tata Motors aims to outperform the industry, targeting 5% gr...
Comprehensive policy on electric vehicle (EV) components, inclusion of commercial vehicles as incentives, clarity on goods and services tax (GST) on spare parts, and consistency on the policy front are the expectations of industry players from the upcoming interim Budget for switching from petrol/di...