Hero MotoCorp Ltd. is developing hybrid technologies with the long term in mind, given the automotive industry’s swift transition to alternative powertrain technologies in order to reduce operating costs and…
EV industry
The Goodyear Tire & Rubber Company has announced that it will invest over CAD 575 million to expand and modernise its Napanee, Ontario, plant. This initiative aims to meet the…
In a Series A3 funding round, $8 million has been obtained by Kazam. Avaana Capital, Alteria Capital, and other investors joined Vertex Ventures Southeast Asia and India in leading the…
Wardwizard Innovations & Mobility Limited has dispatched 1623 units of electric two-wheelers in July 2024. This marks a remarkable growth of over 60% compared to July 2023 when the company…
To boost EV production in the state, the Tamil Nadu government plans to build 300-acre Future Mobility and Electric Vehicle Parks. In order to draw in more investment in the…
The Ministry of Heavy Industries has announced a two-month extension of the Electric Mobility Promotion Scheme 2024 (EMPS 2024), a major step in expediting India’s shift to electric vehicles. Originally…
Electric vehicles (EVs) have become a focal point in the pursuit of sustainable and environmentally friendly transportation. Central to their performance and efficiency is the electric motor, a component that…
VinFast has begun construction on a new EV facility in Indonesia. Production on the project is anticipated to start in Q4 of CY2025, and the estimated investment is $200 million…
The government of India should consider restoring the earlier subsidy regime for electric two-wheelers, said non-profit research organisation International Council on Clean Transportation (ICCT) in a new report, pointing out…
The Freedom 125, world’s first CNG motorbike, has been introduced by Bajaj Auto. Despite government incentives, EV adoption is still slow at the time of this launch. The managing director…