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Tata Motors has emerged as the lowest bidder in the mega tender for 5,450 electric buses floated by Convergence Energy Services Ltd (CESL) under the remodelled FAME II scheme, the government said on Tuesday. Discovered prices of the Grand Challenge tender are between 15 per cent and 48 per cent lower than the price discovered […]
Global auto giants Honda Motor and General Motors have announced that they will collaborate to develop affordably priced electric vehicles and enable global production of millions of EVs starting in 2027, including compact crossover vehicles by leveraging technology, design and sourcing strategies of the two companies. The idea is to find economies of scale and lower […]
Japan’s leading automaker and Indian market leader Suzuki Motor Corporation has finally announced that it will invest Rs 10,440 crore or 150 billion Yen in the electric vehicles and battery segment in India. Its Indian subsidiary Maruti Suzuki may launch electric car models both in India and Japan by 2025. This is the first major […]
US automotive heavyweight General Motors (GM) is a major force in the race to electric mobility in the country. The company’s recent announcement is going to further intensify the competition in the sector as GM plans to make a record-breaking investment of $7 billion towards development of facilities in its headquarters in Detroit, Michigan. This […]
The eco – friendly push in the mobility sector continues to surprise, and add momentum, sometimes well beyond projections as auto makers scale up plans. The latest news comes from Ford Motor, the American auto conglomerate, that has planned to invest a massive $20 billion in the future to match other players as far as […]
German automobile startup Sono Motors has announced that it has achieved 14,000 private reservations for its Sion — “the world’s first Solar Electric Vehicle (SEV) for the masses” — with an average down-payment of $3,300. The company released its first generation Sion prototype in 2017. The company states that even prior to the commencement of […]
New Delhi-based e-bike maker GoZero Mobility has launched a new cost-friendly model, Skellig Lite, in India priced at Rs 19,999. The Skellig series models are available for sale at GoZero website (gozeromake.fit) and several of its offline and online stores as well. The latest Skellig Lite can be pre-booked by an advance payment of Rs 2999. […]
Auto major, Ford Motor Company, and South Korean group SK Group’s SK Innovations have announced signing a memorandum of unity (MoU) to form a joint venture for producing electric vehicle (EV)battery cells and array modules, in the USA. The EV battery joint venture would be entitled BlueOvalSK (Ford’s Blue Oval emblem and SK in SK Innovation’s name), […]
Solid Power, maker of all-solid-state rechargeable batteries for electric vehicles (EVs) has announced raising USD 130 million in investmentments in its Series B. The investment was led by three giants including, Ford Motor Company, BMW Group, and Volta Energy Technologies. Interestingly, Ford and BMW have also extended their partnership into Solid Power to secure and […]
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