JBM Auto and Olectra Greentech shares rose 8–12% on the trading day on hopes of winning new orders, with the government to issue a tender for 10,000 electric buses. These…
PM E-DRIVE
Folks Motor has announced an INR 500 crore capital expenditure (CAPEX) investment over the next five years. This investment will focus on developing India’s first xEV warehousing and industrial park,…
Government concurs that by incentivizing manufacturers of electric vehicles (EVs), components, and charging/swapping infrastructure, many players will be drawn into the market with the prospects of long-term viability and significant…
To encourage local manufacturing of electric vehicle (EV) components in India, the Ministry of Heavy Industries has announced changes to the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM…
With an annual production capacity of 60,000 battery packs, Kinetic Group announced the completion of its battery manufacturing facility in Ahmednagar, Maharashtra. The Rs. 50 crore plant will manufacture both…
The Union Budget 2025–2026 provided electric mobility (e-mobility) initiatives in India a boost with a funding increase of more than 20% over the previous year. From Rs 4,434.92 crore in…
Piyush Goyal, the minister of commerce and industry, stated that the electric vehicle (EV) ecosystem did not require any new incentives or subsidies. “India’s electric vehicle market is prepared and…
According to a study by The Economic Times that cited statistics from Venture Intelligence, funding for India’s electric vehicle (EV) sector has drastically decreased, falling from $934 million in 2022…
The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program was introduced by the Ministry of Heavy Industries (MHI), marking a major step towards accelerating the adoption of…
According to a survey by the industry group FICCI, India will need to invest Rs 16,000 crore in capital projects by 2030 in order to meet the demand for EV…