Articles tagged with: electric vehicle

Two-wheelers, tractor volumes to outpace passenger vehicles and trucks in FY25-27: Jefferies

New Delhi January 9: The volume of two-wheelers (2Ws) and tractors will grow at a compounded annual growth rate (CAGR) of 13 to 15 per cent, outpacing passenger vehicles (PVs) and trucks between financial year (FY) 2025-27, stated a report by Jefferies an investment banks and financial services company."We expect 2Ws and tractors to grow at strong 13 per cent and 15 per cent CAGR respectively over FY25-27E (FY25E: 12 per cent and 6 per cent)," says the report.The report added that the volume growth of passenger vehicles and trucks segment is expected to grow at a rate ranging from 5 to 8 per cent.


Hyundai Motor Group pledges record $16.6 billion investment in South Korea

Seoul, Jan 9: Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won ($16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments.


Operating loss in Q4 due to EV sales slowdown: LG Energy

Seoul, Jan 9: LG Energy Solution Ltd (LGES), South Korea's leading battery maker, on Thursday estimated it swung to an operating loss in the fourth quarter from a year earlier amid slowing sales of electric vehicles (EVs).


Mahindra unveils its advanced EV manufacturing and battery facility at Chakan

Pune, January 8: Auto maker Mahindra unveiled its state-of-the-art manufacturing and battery assembly facility at its Chakan plant, to producing next-generation Electric Origin SUVs.


Mahindra unveils new manufacturing, battery assembly facility

Pune, Jan 8: Automaker Mahindra on Wednesday unveiled its new manufacturing and battery assembly facility at its Chakan plant, a fully integrated ecosystem dedicated to producing electric SUVs.


Markets regulator SEBI sends notice to Ola Electric for violating disclosure norms

New Delhi, Jan 8: Electric vehicle (EV) company Ola Electric Mobility Limited has received an administrative warning from the markets regulator, the Securities and Exchange Board of India (SEBI), for violating disclosure norms.


India will soon be reaching take-off stage in export sector: JS, Commerce and Industry Ministry

New Delhi, January 8: India will soon be reaching the take-off stage in its export sector, Vimal Anand, Joint Secretary, Ministry of Commerce and Industry, said on Tuesday.


Mahindra launches premium pack three variants for BE 6 and XEV 9e with affordable EMI options

Pune, January 7: Mahindra & Mahindra has revealed the prices for the top-end Pack Three variants of its Electric Origin SUVs, BE 6 and XEV 9e, during its Unlimit India Tech Day event in Pune, Maharashtra on Tuesday.


Maruti Suzuki to unveil 'e For Me' electric mobility blueprint at Bharat Mobility 2025

New Delhi, January 7: Maruti Suzuki India Limited (MSIL), a passenger vehicle manufacturer, on Tuesday, said that the company will present a blueprint of its efforts to develop an electric ecosystem in the country called 'e For Me'.


BMW Group India clocks best-ever sales at 15,721 units in 2024 with 11 pc growth

New Delhi, Jan 7: Amid rising disposable incomes in an aspirational country, luxury car-maker BMW Group India on Tuesday said it achieved its best-ever annual car deliveries last year at 15,721 units with 11 per cent growth.


India logs 9.1% jump in automobile sales in 2024 with growth in most segments

New Delhi, January 7: Retail automobile sales in India grew 9.1 per cent in 2024 to 2.61 crore units, defying multiple headwinds like extreme weather, elections, and uneven monsoons.


Hyundai Motor Group chief stresses resilience, innovation in facing new biz challenges

Seoul, Jan 6: The head of Hyundai Motor Group on Monday emphasised the importance of resilience, innovation and proactive preparation in facing future challenges expected from ongoing global risks, as well as anticipated rollbacks in the electric vehicle (EV) policies of the US.


S Korean carmakers' sales of eco-friendly models hit fresh high in 2024

Seoul, January 5: South Korean carmakers' domestic sales of eco-friendly cars hit a new record last year, driven by the popularity of hybrid models, data showed Sunday, Yonhap News Agency reported.


Hyundai Motor Group posts record sales in US in 2024

Seoul, Jan 5: South Korea's Hyundai Motor Group said on Sunday it has posted record sales in the United States in 2024, driven by the popularity of SUVs, minivans and eco-friendly models.


China proposes export controls on critical EV technology

Hong Kong, January 4: China is planning to impose new export restrictions on technologies used to extract minerals vital for the global electric vehicle (EV) industry, signalling an escalation in its ongoing tech rivalry with the United States, CNN reported.


EVs ready to fly, there's no need for further subsidy: Piyush Goyal

New Delhi, January 3: India's electric mobility space is "absolutely ready to fly" and there is no need for newer incentives or subsidies, Commerce Minister Piyush Goyal said Friday, after a meeting with officials from various ministries and stakeholders of the Indian EV ecosystem.


TVS Motor sales jump 7% in December to 3.2 lakh units

New Delhi, January 2: TVS Motor Company recorded monthly sales of 321,687 units in December 2024 with a growth of 7 per cent as against 301,898 units in the same period last year, the company said in a statement on Thursday.


Hyundai Motor India unveils the electric CRETA

New Delhi, January 2: In its journey towards electric mobility, Hyundai Motor India Limited (HMIL) has unveiled the highly anticipated Hyundai CRETA Electric. Hyundai is offering the CRETA Electric in four variants--Executive, Smart, Premium, and Excellence--along with eight monotone and two dual-tone colour options, including three matte finishes.


Las Vegas: Electric vehicle explodes outside Trump International Hotel

Las Vegas, January 2: An electric vehicle caught fire outside the Trump International Hotel in Las Vegas on Wednesday (local time), according to officials and videos on social media.


Articles tagged with: electric vehicle