ELECTRIC VEHICLE
China EV giant BYD soars after 5-minute charging platform unveiled
Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car. Separately, on Tuesday, Chinese EV maker Nio said it had signed a deal with battery giant CATL involving cooperation on a passenger car battery swap network.
Ford may use Chennai unit for engine exports
Ford has finalised plans to repurpose its Chennai plant for manufacturing and exporting engines and related components, with details expected to be announced in the second quarter this year. This decision aligns with Ford's global strategy, shifting focus away from local vehicle production in India.
Audi announces massive job cuts, sends big message to luxury car industry
Audi employs about 88,000 people worldwide, including 55,000 in Germany.
BYD unveils new super-charging EV tech, to build charging network in China
BYD unveiled a new "super e-platform" for EVs with peak charging speeds of 1,000 kW, allowing cars to travel 249 miles on a 5-minute charge. This is twice as fast as Tesla's superchargers. The platform will debut in Han L sedan and Tang L SUV. BYD also plans to build over 4,000 ultra-fast charging units across China.
Afforestation, EVs, natural farming and renewables to help Himachal become green state by 2027: CM Sukhvinder Singh Sukhu
Himachal Pradesh aims to become a green state by 2027 through initiatives like afforestation, promoting natural farming, and adopting solar and renewable energy. The government plans to replace conventional vehicles with electric ones and implement the Rajiv Gandhi Van Samvardhan Yojana to promote tree planting on barren lands.
Trump administration takes aim at Biden electric vehicle rules
The U.S. Environmental Protection Agency is initiating efforts to reverse the Biden administration's vehicle emissions rules, which mandate a higher production of electric vehicles. This includes reconsidering rules that would significantly reduce passenger and heavy-duty truck emissions, as well as evaluating the 2024 regulations projected to cut tailpipe emissions by 50% by 2032.
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India will drive global oil consumption growth: Phillip Capital
"With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs," said the report.
Scoop: Uber in early discussions with EV ride-hailing startup BluSmart for a possible acquisition
Uber is in early talks to acquire BluSmart Mobility, boosting its electric cab presence in India. The move comes amid Gensol Engineering’s financial troubles, increasing competition and Uber’s strategic focus on the mobility sector. Uber has made significant investments locally, backing the likes of Mumbai-based Everest Fleet, which purchases vehicles and lists them on the Uber platform.
Volkswagen, FAW venture to launch 11 new models tailored for China from 2026
Volkswagen and FAW Group plan to introduce 11 new Volkswagen and Jetta models in China from 2026. This includes six electric vehicles, two plug-in hybrids, two extended-range vehicles, and one gasoline model. The first Jetta-branded electric vehicle is slated to hit the market in 2026, marking a significant expansion in their offerings for the Chinese market.
Hero MotoCorp, Revolt Motors & Royal Enfield gear up to launch electric motorcycles
Hero MotoCorp, Royal Enfield, and others plan to launch nearly half a dozen electric motorcycles in the next year, aiming to capture the growing electric vehicle market in India. Currently, electric motorcycles have a minimal presence, but interest is rising, especially among young motorcyclists seeking eco-friendly options.
Ola Electric’s subsidiary faces insolvency plea over payment dispute
Rosmerta Digital Services filed an insolvency plea against Ola Electric Technologies over alleged payment defaults. Ola Electric disputes the claims and plans legal action while restructuring contracts, managing layoffs, and targeting Ebitda profitability next quarter.
Volkswagen's Skoda to invest in manufacturing EVs in India despite $1.4 billion tax demand overhang
Skoda Auto plans to manufacture electric vehicles in India, investing independently if necessary. While facing a significant tax dispute, Skoda remains committed to collaborating with partners for growth in the Indian market. With India's new vehicle efficiency standards, Skoda aims to leverage Volkswagen Group's EV technology to gain a competitive edge.
Coming soon: A cheaper Tesla Model Y made in China to take on Xiaomi's SU7 sedan
Tesla plans to produce a more affordable version of its Model Y in Shanghai. The new model will be built using existing production lines and is set for mass production by 2026. This initiative aims to regain lost market share in China. Xiaomi's upcoming YU7 crossover could be a strong competitor.
Tesla warns it could face retaliatory tariffs
Tesla has expressed concerns over potential retaliatory tariffs that could result from President Trump's aggressive use of tariffs. The company emphasizes the risk to U.S. exporters, particularly in the EV sector, and warns of the challenges in sourcing components domestically. Tesla urges a phased approach to avoid disruption and ensure compliance, highlighting potential negative impacts on production and jobs.
Tata Motors marks return in Sri Lanka with all-new passenger vehicle portfolio
Tata Motors has launched a new range of passenger vehicles, including electric ones, in Sri Lanka, in partnership with DIMO. The company has introduced SUVs like Punch, Nexon, and Curvv, as well as its popular electric hatchback, Tiago.ev. Tata Motors' Head of International Business, Yash Khandelwal, expressed excitement about the launch.
Ola Electric slashes prices for S1 range of scooters by up to Rs 26,750; offers other discounts under its 'Holi Flash Sale'
Ola Electric has introduced a special Holi flash sale on its S1 range of electric scooters, offering discounts up to Rs 26,750 on select models. Discounts are available across various models, with prices ranging from Rs 69,999 to Rs 1,79,999. Additional benefits include a one-year free subscription to Move OS+ and an extended warranty at reduced prices.
Mitsubishi Chemical plans to join supply chain link in semiconductor, EV sectors in India
Mitsubishi Chemical Group plans to enter India's semiconductor and electric vehicle supply chains. CEO Manabu Chikumoto mentioned the need for support from the Indian government for the project. The group's new management strategy focuses on carbon-neutral and green technologies. Mitsubishi Chemical has historic ties with India through MCPI, which expanded with local assistance.
Has Donald Trump turned the White House into a Tesla showroom to save Elon Musk’s ‘baby’? President spotted browsing models with price sheet in hand
Donald Trump showed his support for Elon Musk and Tesla during a White House event. Despite previously criticizing electric vehicles, Trump decided to buy a Tesla amid the company's challenges and mounting boycotts. This unexpected move has sparked speculation about his motives and added to the controversy surrounding Tesla and Musk.
Jaguar Land Rover shelves plan to build EVs at Tata's India plant, sources say
Jaguar Land Rover has called off plans to produce electric vehicles at Tata Motors' new $1 billion factory in southern India due to difficulties in finding a balance between price and quality of locally sourced EV components and slowing demand for electric cars. This decision also impacts Tata's launch plans for premium Avinya EV models, originally scheduled for 2026-2027.
Vandalism, weak sales hit Tesla in Australia and New Zealand
Australian Tesla owner Dick Friend is selling his Tesla stocks and not replacing a wrecked car due to Elon Musk's political leanings and association with Donald Trump. Following Trump's election, Tesla sales in Australia have dropped 35%. Incidents of vandalism against Tesla vehicles have increased in Australia and New Zealand, reflecting growing discontent with Musk's politics.
NBFCs seek FAME, PLI-like scheme to incentivise EV finance
The Finance Industry Development Council has requested a scheme to incentivise electric vehicle financing, pointing out that EV financing is a major bottleneck. The council proposed a dedicated fund for non-bank financial companies to finance EV loans with subsidised interest rates and called for initiatives similar to the FAME and PLI schemes.
BEL approves fund raise of up to Rs 500 crore, led by Yash Kela led Singularity AMC
Singularity AMC will invest up to Rs500 crore in Bhilwara Energy Limited to create an integrated energy transition platform, HEG Greentech. This investment aims to support BEL's growth in power assets, battery materials, recycling, and advanced battery systems for energy storage and EVs, enhancing India's renewable energy efforts.
Uber ties up with Refex Green Mobility to deploy 1,000 EVs by 2026
Uber has partnered with Refex Green Mobility to deploy 1,000 electric vehicles by 2026 in key Indian cities, supporting its goal for 100% emission-free rides by 2040. The initiative will introduce electric four-wheelers in Chennai, Hyderabad, Bengaluru, and Mumbai. This step aims to reduce urban carbon emissions and contribute to India's sustainability objectives.
Owning luxury EVs to get dearer in Maharashtra
Maharashtra's decision to impose a 6% motor vehicle tax on EVs priced above Rs 30 lakh and increase the tax on CNG and LPG vehicles may affect sales in the luxury segment. This move aims to boost state revenue but raises concerns among automakers about its impact on the adoption of clean technologies.
Bad day for X and Tesla prompts concern about Musk's distractions
The questions have mounted as Musk's business empire -- which includes electric vehicle maker Tesla, the social media site X and rocket maker SpaceX -- has run into challenges.
Budget 2025-26: Maharashtra govt proposes 6% tax on EVs costing more than Rs 30 lakh
Maharashtra proposed taxes on electric and other vehicles in the 2025-26 budget. Electric vehicles above Rs 30 lakh will face a 6% tax, while CNG and LPG vehicles have a 1% tax hike. Additionally, a 7% tax on construction vehicles and LGVs increases revenue potential significantly. These measures aim to collectively generate over Rs 925 crore.
EV two-wheeler sales jump 24% post-budget: Are daily commuters or fleet buyers driving the boom?
India's electric two-wheeler market has seen a 24% sales surge post-budget, driven by growing fleet demand and rising consumer interest. Cost-effective models and government incentives are attracting both fleet operators and individual riders. Innovations like Battery-as-a-Service reduce upfront costs, making EVs more accessible and practical, supporting sustainable growth in the sector.
Electric passenger vehicle retail sales rise 19% in February
Electric passenger vehicle sales in India increased by 19 per cent in February with Tata Motors leading the segment. The two-wheeler segment saw a slight dip while maintaining a significant market share. Sales of electric three-wheelers and commercial vehicles also showed an upward trend.
Honda could get BYD-ed in key Indian scooter market
Chinese electric vehicle-maker BYD and its local rivals have dramatically disrupted the automotive market, leading to a significant decline in sales for major global brands like Ford, Nissan, GM, and Honda in China. This pattern is expected to extend to scooters and motorbikes, currently dominated by Japanese brands, as electrification efforts lag behind market growth.
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