Ola’s EV Marketshare Slips Further In Setptember, Bajaj, TVS, Gain Updated On Tue, Oct 1st, 2024 by Saurenergy Ola Electric continues to cede marketshare to legacy stalwarts Bajaj Auto and TVS Motors in the two wheeler EV segment. Based on the figures for September, Ola’s market share shrank to just over 25%, a huge drop from the 47% share in September last year. The losses have been mainly due to the continuous gains […] Read more
EMotorad To Construct Integrated E-Cycles Gigafactory In Pune Updated On Thu, May 9th, 2024 by Saurenergy Electric vehicle company EMotorad has announced it will expand its existing manufacturing unit in Pune. India will be home to two of the world’s biggest gigafactories, one for Ola Electric two-wheelers and the other for EMotorad e-cycles, said the company. According to EMotorad the gigafactory is spread across 2,40,000 sq ft in phase 1 and […] Read more
Three-Wheeler EV Sales In India Increased By 65.23% In 2023: FADA Updated On Mon, Jan 15th, 2024 by Saurenergy The Federation of Automotive Dealer Association (FADA) released its data on Electric-Three-Wheeler auto retail for the month of December’23 and also for the (Cyclic Year) CY 2023. The data revealed several trends and hinted at the continuous rise of the segment in India. Electric – Three – Wheler FADA in its data for the Cyclic […] Read more
Ola Electric Is Numero Uno Electric Seller In 2023. Updated On Fri, Jan 5th, 2024 by Saurenergy Society of Manufacturers of Electric Vehicle (SMEV) in its data for FY 2023-2024, revealed that Ola Electric has captured the largest market share of 33% in FY 23-24. It’s an increase of 12% from 21% in 2023.. Up till FY22, Hero electric held a market share of 27% which means that it share dropped by […] Read more
Contract Electronics Manufacturing Giant Foxconn Mulls Over EV Hub in India Updated On Mon, Aug 14th, 2023 by Saurenergy Taiwanese firm Foxconn Technology Group is looking to capture the Indian market. The firm has set sights on capturing 5 per cent of the worldwide sales by 2025 and aspires to deliver between 500,000 and 700,000 EVs by the said year. The firm is intent on opportunities to make the country its third global hug […] Read more
Ola Electric Recorded Sales of Rs 373 Cr in Fy22, Even as Losses Rose 4X Updated On Thu, Aug 10th, 2023 by Saurenergy Market leader Ola Electric has finally filed its Fy22 numbers a year behind schedule. And the numbers don’t make for pleasant reading, if you are an accountant. However, with it’s leadership in the 2 wheeler segment well entrenched for now, the firm will be expected to report a stronger set of numbers for FY23, as […] Read more
Ola Electric Sets the Ball Rolling for 100GWh Factory at Tamil Nadu Updated On Thu, Jun 22nd, 2023 by Saurenergy Ola Electric has kickstarted the establishment of what is set to be India’s biggest Gigafactory. The gigafactory, which is to come up in Krishnagiri, Tamil Nadu, will begin with an initial capacity of 5 GWh and later, expand to 100 GWh in a phase-wise manner. The firm has set sights on beginning operations by next […] Read more
Ola Electric to Make EVs, Batteries in Tamil Nadu with Investment of Rs 7,614 Crore Updated On Mon, Feb 20th, 2023 by Saurenergy The Tamil Nadu government has issued a statement that electric vehicle manufacturer Ola Electric will be investing Rs 7,614 crore ($920 million) in Tamil Nadu for the production of electric cars and batteries for electric vehicles (EVs). The investment of $920 million from the firm will come through its subsidiaries Ola Electric Technologies and Ola […] Read more
EV Manufacturers Optimistic About New EV Policy Announced by Tamil Nadu Updated On Wed, Feb 15th, 2023 by Saurenergy Last month, when most States began the year on a note of optimism around EVs, uncertainty loomed large over Tamil Nadu’s EV sector. The State, which had offered multiple incentives for EVs, fell silent on the extension of the same, which concluded on December 31, 2022. This, of course, was followed by worry from EV […] Read more
