Browsing: India
Japan’s SoftBank Group has reduced its shareholding in Indian electric scooter maker Ola Electric to 15.68% from 17.83% after selling…
India Panel Recommends Higher GST on Expensive EVs, Raising Concerns for Tesla and Luxury Carmakers
By Michael Khan
India’s GST advisory panel has recommended higher taxes on expensive electric vehicles, a move that could impact imported models such…
Ashok Leyland To Invest $571 Million In Domestic EV Battery Production With CALB Partnership
By James Bryant
Automaker Ashok Leyland, India’s third-largest manufacturer of commercial vehicles, said on Monday it will invest more than 50 billion rupees…
Tesla Receives Over 600 Orders In India Since July Launch, Plans Limited Shipments This Year
By Michael Khan
Tesla has secured just over 600 orders since launching sales in India in mid-July, a figure that fell short of…
Maruti Suzuki, India’s largest carmaker, has started production of its first electric vehicle, the e Vitara, at its Hansalpur facility…
Japan’s Suzuki Motor will invest 700 billion rupees ($8 billion) in India over the next five to six years as…
Macquarie Asset Management has raised $405 million to support Vertelo, a fleet electrification solutions provider in India, marking a significant…
Indian electric vehicle manufacturer Omega Seiki Mobility has announced plans to establish its first overseas EV assembly plant in the…
India’s Mahindra has introduced a special edition of its BE 6 electric SUV inspired by the Batman franchise. The limited-run…
India’s state-owned miner IREL is in discussions with Japanese and South Korean firms to launch commercial production of rare earth…
India’s Ministry of Heavy Industries (MHI) has announced amendments to the PM E-Drive scheme, including a two-year extension for certain…
Indian EV Start-Up Ultraviolette Secures $21 Million Funding to Boost R&D and Expansion
By James Bryant
Indian electric two-wheeler start-up Ultraviolette has raised $21 million (about 18 million euros) in a fresh funding round aimed at…
Tesla has opened its second showroom in India, located in Delhi’s Aerocity district, alongside its first Supercharger facility in the…
Tesla has opened its first Supercharger station in India at Mumbai’s Bandra Kurla Complex, coinciding with the inauguration of its…
Indian electric scooter manufacturer Ather Energy reported a narrower first-quarter loss on Monday, supported by strong demand for its vehicles,…
Mahindra & Mahindra said it is well-insulated from China’s rare-earth magnet export restrictions, with supplies secured through March 2026, as…
India’s Tata Motors will acquire Italian truckmaker Iveco Group in a €3.8 billion ($4.36 billion) all-cash deal, the companies announced…
Indian electric mobility firm BluSmart has entered insolvency proceedings following a tribunal order issued July 28, after a financial creditor…
China’s BYD is struggling to expand its presence in India due to ongoing political tensions that have restricted key business…
India’s Ministry of Heavy Industries (MHI) has earmarked ₹5 billion (approximately €50 million) to subsidise electric trucks under the recently…