Auto Component Hub Thailand Plans EV Package Updated On Wed, Feb 16th, 2022 by Saurenergy The Thai cabinet is considering tax cuts and subsidies to boost Thailand’s EV market. The idea is clear. To ensure that the South East Asian country remains a hub for component manufacturing, even as the era of ICE vehicles ends over the coming decade and more. The move comes even as Thailand faces a fresh […] Read more
Mahindra to be minority partner in any battery venture, e-XUV 300 launch by Q3, 2023 Updated On Wed, Feb 16th, 2022 by Saurenergy Auto major Mahindra and Mahindra ‘s top tier executives, while discussing its results at an analyst call, made some interesting observations on the firm’s EV and battery plans. On the results side, the firm had a strong Q3, reporting a 155 per cent jump in its standalone profit at Rs 1,353 crore for the December […] Read more
Okinawa’s New E2W Plant in Rajasthan Has 3 Lac Units Annual Capacity Updated On Tue, Feb 15th, 2022 by Saurenergy Indian electric two-wheeler manufacturer Okinawa Autotech has commenced operations at its second manufacturing unit located in Bhiwadi, Rajasthan, the company said in a recent statement. The company expects to be manufacturing close to 3 lakh electric vehicles (EVs) per year at the new plant, aiming to eventually increase the capacity to 1 million in the […] Read more
20% of all E4W Used by Govt Entities, Karnataka Leads list: Gadkari Updated On Mon, Feb 14th, 2022 by Saurenergy One in every five electric four-wheelers registered in the country is being used by govt entities, according to road transport ministry data submitted in Parliament. On Friday, Union road transport minister Nitin Gadkari informed Lok Sabha that govt entities are using 5,384 electric vehicles as of February 4. Earlier, he had informed Rajya Sabha that […] Read more
IIT Madras Partners with French Firm to Develop RE Research Park Updated On Mon, Feb 14th, 2022 by Saurenergy French glass and building material major Saint-Gobain India and IIT Madras Research Park have entered into an MoU on Thursday to develop a 100% Renewable Energy (RE) – research park. Saint-Gobain India will support IIT Madras Research Park with a funding of Rs one crore over the next three years and the collaboration is to […] Read more
Indian EV maker Altigreen Secures Rs 300 cr in Series A Round Updated On Fri, Feb 11th, 2022 by Saurenergy Indian EV maker Altigreen has raised around Rs 300 crore (approx. US$ 40 Million) as investment in its Series A round, to boost its manufacturing, launch new products including LCVs, and strengthen its countrywide presence. The funds will be utilized to ramp up production capabilities, accelerate R&D, facilitate fast-paced EV adoption and develop a robust Pan-India network to offer the […] Read more
Chandigarh Admin Notifies Draft EV Policy, Offers Financial Benefits Updated On Fri, Feb 11th, 2022 by Saurenergy Chandigarh Administrator Banwarilal Purohit has approved the “Draft Electric Vehicle (EV) Policy 2022” for the union territory, aiming to turn the latter into a ‘Model EV City’ through a significant increase in EV penetration within five years. Following its recent notification, the draft EV policy will stay in the public domain for a period of […] Read more
Euler Motors, TWU to Deploy 1,000 E3W Within a Year Updated On Fri, Feb 11th, 2022 by Saurenergy Bengaluru-based Electric Vehicle (EV) financier Three Wheels United (TWU) announced it has partenered with EV maker Euler Motors to deploy more than 1,000 electric 3-wheelers across Delhi NCR, Bengaluru, Chennai, and Hyderabad by the end of the financial year 2022-23. TWU aims to address the issue of high cost of finance for drivers of electric […] Read more
Reliance Joins Altigreen in the EV Race Updated On Thu, Feb 10th, 2022 by Saurenergy Reliance New Energy Ltd (RNEL), a subsidiary of Reliance Industries Ltd (RIL), has announced an agreement with Altigreen Propulsion Labs Private Limited (Altigreen), a Bengaluru-based electric vehicle technology and solutions company for commercial last-mile transportation through two, three, or four-wheelers. . “Reliance New Energy Ltd (RNEL), a wholly-owned subsidiary of the company, has entered into an agreement […] Read more
