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HDFC Bank to Make Significant Investments in EV Loans

Despite certain setbacks on the level of the auto industry, HDFC Bank is seeking to triple its financing for electric vehicle (EV) purchases in the next three years. This is due to an early assessment that lending is proving to be profitable. The banking institution aims to triple the ebook dimension by 2025 after initially […]

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Pilot Company, Volvo Partner to Set up Charging Network for Electric Trucks

America is on a drive to decarbonise its transport sector. In a key development, Pilot Company or ‘Pilot Travel Centers’ and Volvo Group have signed a Letter of Intent to develop a high-performance charging network open to all battery-electric Class 8 truck brands to support fleet customers in their electrification and decarbonization journeys. The official […]

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Auto Component Giant MT Autocraft Announces 100 Cr Investment in E-Mobility

Electric vehicle (EV) startup MTA E-Mobility Pvt Ltd was established by MT Autocraft, a provider of machined components and assemblies, with an investment of Rs 100 crore to develop EVs and essential electrical systems. The business constructed a facility of three acres in Palwal, in the national capital area, and will exhibit its goods and […]

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Three Firms That Have Surprised Us With Their Plunge Into EV Charging

The EV charging business–fueling a car with electric power rather than petroleum-based gas or diesel – has always been a loss for oil companies who are being dragged into the electric future. It may not be that way anymore. With an increase of EVs on roads, many old industrial mammoths, especially major oil firms, are […]

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The Top 5: Largest EV Charging Station Companies In The World

Fossil-fuels-based cars are getting replaced by fast-emerging electric vehicles (EVs) with sales of the latter increasing tremendously over the past decade, especially the last two years. As per the latest data, 2021 was a record-setting year as EV sales doubled to around 6.9 million EVs worldwide. The rise of EVs also saw the emergence of […]

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Tata Power Signals Strong EPC Recovery In Renewables At Q2 Analyst Meet

For Tata Power Limited, the FY 23 Q2 results have been a time to cheer, with record revenues and profits for the quarter.  Total revenues at Rs 14, 163 crores were  almost 50% higher than revenues in the corresponding quarter last year. Net profits came in even higher, up 85% at Rs 884 crores, versus […]

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Rising EV: The State Of EV Sector In India

India is riding fast toward its goal of carbon neutrality by the year 2070. Naturally, the transportation sector, one of the biggest polluters, has to be brought under green cover if the nation wants to reduce the emissions intensity of its GDP by 45 per cent by 2030 – a medium-term goal. The electric vehicle […]

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RECOM Launches LION Module Series with 700Wp Output

French renewable energy company RECOM Technologies has announced the launch of the new LION 390Wp Bifacial HJT Mono Crystalline Double Glass Module. The official statement of RECOM held that the LION 390Wp promises great performance in small and large-scale ground or rooftop solar applications allowing more energy to be harvested due to the Heterojunction technology […]

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Mahindra Works With Jio-bp To Strengthen EV Push

India’s leading SUV manufacturer, Mahindra & Mahindra (M&M), and the joint venture firm of Reliance Industries Limited (RIL) and bp, Jio-bp are strengthening their current partnership to build out reliable charging infrastructure for Mahindra’s upcoming electric SUV launches. Mahindra’s moves in this regards were keenly watched as rival and current EV market leader in four […]

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