Electric Vehicles Archives

IPO-Bound Hyundai India and Its Rivals in the World’s Third-Largest Car Market

Hyundai Motor India has taken a significant step by seeking regulatory approval to list on the Mumbai stock market. This move positions Hyundai to potentially orchestrate the largest IPO in the history

June 15, 2024

Business

Murugappa Group’s TI Clean Mobility to Raise Rs 310 Crore from M&G Investments

Murugappa Group’s electric vehicle (EV) arm, TI Clean Mobility (TICMPL), is set to bolster its financial strength by raising approximately Rs 310 crore from M&G Investments. This new influx of capital will

June 5, 2024

Business

Hero Electric and Benling India Barred from EV Incentive Schemes

The Ministry of Heavy Industries (MHI) has taken decisive action against Hero Electric and Benling India by barring them from participating in any of its future incentive programmes. This move stems from

May 22, 2024

Business

Ola Eyes Local Chip Manufacturing: Talks with Kaynes Semicon to Boost ‘Make in India’ Initiative

Ola Electric, led by co-founder Bhavish Aggarwal, is in advanced discussions with Mysuru-based Kaynes Semicon to manufacture chips for its electric vehicles (EVs). Kaynes Semicon is currently setting up an outsourced semiconductor

May 18, 2024

Business·Latest News

Tesla Remains Silent on India EV Plans Despite New Policy

US electric vehicle (EV) manufacturer Tesla has yet to reveal its plans for entering the Indian market under the new EV policy, according to a government official. Tesla CEO Elon Musk, who

May 17, 2024

Business·Latest News

Tesla Announces Further Layoffs Amid Declining Sales

Tesla is set to lay off an additional 601 employees in California, as stated in a notice to the state government. This move is part of a broader series of global job

May 15, 2024

Business·Latest News

Indian EV Startup Reaches Out to Tesla Interns Spurned by Musk

In a recent twist of events, Bengaluru-based electric vehicle startup, Pravaig Dynamics, has extended a helping hand to interns who were left stranded by Tesla Inc., following Elon Musk’s decision to revoke

May 6, 2024

Business·India

Tesla’s Senior Executives Face Layoffs Amid Declining Car Sales: Elon Musk Takes Drastic Measures

Tesla’s Senior Executives Face Layoffs Amid Declining Car Sales: Elon Musk Takes Drastic Measures Tesla, the renowned electric vehicle maker, is undergoing significant restructuring as CEO Elon Musk takes drastic measures to

April 30, 2024

Business

Elon Musk’s Surprise Visit to China Sparks Excitement for Tesla’s Self-Driving Technology Rollout

Tesla CEO Elon Musk made a surprise visit to Beijing, China, signaling the company’s accelerated efforts to roll out Full Self-Driving (FSD) technology and expand its presence in the world’s largest electric

April 28, 2024

Business·Latest News

Hyundai India Accelerates Electric Vehicle Plans: 5 New EVs by 2030, Electric SUV Launching in 2024

Hyundai Motor India has announced plans to introduce five new electric vehicles (EVs) by 2030, accelerating its commitment to the electric mobility sector in India. The South Korean automaker is bringing forward

April 25, 2024

Business·Latest News