SUBSCRIBE NEWS LETTER

EV ecosystem

The Top 5: Challenges to EV Growth in 2023

The calendar year 2022 turns out to be a significant year for electric vehicles (EVs) with sales hitting new highs globally and in India.  According to data available at the VAHAN portal, EV sales grew from 3.2 lakh units in 2021 to nearly 10 lakh units in 2022, a growth of over 200 per cent. […]

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1400 EV Chargers Supplied by Servotech Power Systems in Three Months

NSE-listed EV Charging and solar power solutions provider Servotech Power Systems Ltd, has supplied 1400 EV chargers in a span of three months of November to January at different locations across the country. These chargers include public sector projects, retail customers, and other strategic alliances that Servotech has taken up and entered into. Of these […]

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IREDA’s Partnership with EV Financing NBFC Mufin Green

Mufin Green Finance Ltd– has forged a partnership with Indian Renewable Energy Development Agency Limited (IREDA) with an aim to EV penetration thrive in India. IREDA is a Mini Ratna (Category – I) Government of India Enterprise under the Ministry of New and Renewable Energy (MNRE). It is engaged in promoting, developing and extending financial […]

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MG Unveils Two EVs at Auto Expo ’23: Hatchback MG4 & Plug-in Hybrid SUV- MG EHS

MG Motor India has showcased its vision for future mobility, Drive.Ahead, at the Auto Expo 2023 today. The company unveiled a line-up of 14 production-ready vehicles from its portfolio that communicate its focus on sustainable, conscious, and innovative technology as part of MG’s vision in India. Speaking at the event, Rajeev Chaba, President, and MD, […]

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Charge+Zone Partners up with Snap-E to Set up EV Charging Infrastructure for Fleet Transportation

Charge+Zone, a technology-driven EV charging network firm has announced partnership with Snap-E, a leading provider of reliable and eco-friendly public transport service. Under the phased partnership, EV charging infrastructure will be established for Snap-E’s fleet transportation. Charge+Zone, a tech-driven EV Charging infrastructure firm that specialises in charging networks for electric buses, trucks and electric cars, […]

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Deliveries Start For the Ace EV, As Tata Motors Hopes To Repeat The Magic Again

Tata Motors, India’s largest commercial vehicle manufacturer, has started deliveries of the all-new Ace EV, which made such a huge impact with its ICE variant earlier. The first fleet of the Ace EV was delivered to leading e-commerce, FMCG and courier companies, and their logistics service providers: Amazon, Delhivery, DHL (Express & Supply Chain), FedEx, […]

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With Rising Demand, Tech Advancements, Govt Push in ’22, EV Firms Are Raring to Go in ’23

To circumvent the impact of increasing oil import bills, Indian government’s policy initiatives over the last couple of years has accelerated the adoption of e-mobility. As per the Ministry of Heavy Industries estimates, in 2022, 7.47 lakh EVs were sold under the FAME-II Scheme, as compared to 2.37 Lakh sold in FY2021-22. Faster Adoption and […]

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Hero Electric Revenues Go Past Rs 850 Cr in Fy22

On the back of a 2.8X surge in operating income, Hero Electric has ascended to top position in the electric vehicle ecosystem in terms of revenues during FY22. Okinawa and Ather posted Rs 822 crore and Rs 408 crore topline respectively while Hero Electric generated Rs 841 crore from its operations in FY22 even while […]

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Solar Projects Developer LONGi Introduces Hi-MO 6 Modules to Malaysian Market

The Hi-MO 6 series, a new product line from leading global solar conglomerate LONGi, was recently unveiled at a customer appreciation event held at The St. Regis Kula Lumpur in Malaysia. This is the firm’s first line of modules created specifically for the scattered consumer market around the world. The Hi-MO 6 module series from […]

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