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
Greaves Finance, Muthoot Capital Sign Co-Lending Deal To Finance EVs Updated On Wed, Mar 13th, 2024 by Saurenergy Greaves Finance Limited an ev-focused lending platform partnered with Muthoot Capital Services Limited (MCSL) a non-banking financial company (NBFCs) to enter a co-lending arrangement. This arrangement has been made to increase the availability of electric two-wheeler financing solutions across India. Greaves Finance Limited is a non-banking financial company (NBFC) and a wholly owned subsidiary of […] Read more
Musashi, Delta and Toyota in JV For EV Drives Updated On Wed, Sep 27th, 2023 by Saurenergy Musashi Auto Parts India Pvt Ltd (Musashi), a 100% owned subsidiary of Musashi Seimitsu Industries, Japan and a leading manufacturer of two-wheeler and four-wheeler transmission components in India, has entered into a joint venture with Delta Electronics, Inc. (Delta) and Toyota Tsusho Corporation (Toyota Tsusho) to sell EV drive units for two-wheeled vehicles in India. […] Read more
Errant EV Players Might Face More Trouble For Flouting FAME-II Updated On Tue, Jun 20th, 2023 by Saurenergy The Ministry of Heavy Industries is now mulling stringent actions against alleged errant two-wheeler Electric Vehicle (EV) players in India for falsely claiming subsidies under the Faster Adoption of Manufacturing of Electric Vehicles (FAME)-II. The ministry is the nodal agency for disbursing FAME-II funds to EV players. As per reports, the ministry has planned to […] Read more
Govt Reduces Subsidy For Electric Two-Wheelers Under FAME-II Updated On Mon, May 22nd, 2023 by Saurenergy In its latest notification, the Ministry of Heavy Industries has ordered reduction in subsidies for electric two-wheeler vehicles under the Faster Adoption of Manufacturing of Electric Vehicles (FAME)-II scheme. The new provisions will be rolled out in India from June 1, 2023. With the reduced hand-holding support from the government, the electric two-wheeler prices are […] Read more
Gujarat Tenders For 16,417 Battery Operated Two & Three Wheelers Updated On Mon, Jun 14th, 2021 by Saurenergy The Gujarat Energy Development Agency (GEDA) has invited EOI (Expression of Interest) for Authorization of Manufacturers for marketing & distribution of battery-operated, low Speed & high-speed Two and Three-Wheelers with Lithium-Ion battery, under Gujarat’s GEDA BOV scheme. GEDA has invited separate EOIs for battery-operated 11000 two-wheelers and 5,417 three-wheelers (E-rickshaw) under the subsidy for the year […] Read more
Gujarat Invites Manufacturers for Distribution of Electric 2 & 3 Wheelers Updated On Wed, Jul 24th, 2019 by Saurenergy GEDA has issued 2 EOIs for authorisation of manufacturers the distribution of battery-operated 2 and 3 wheelers in Gujarat. The Gujarat Energy Development Agency (GEDA) has issued two expression of interests (EOI) calling out reputed manufacturers for their authorisation to the market and then the distribution of battery operated 2 and 3 wheelers. The EOIs […] Read more
