Ather Energy to Accelerate New Launches in India and Foreign Markets

Ather Energy to Accelerate New Launches in India and Foreign Markets

ByNews Polite

Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles. India’s electric scooter market is small but growing, with e-models accounting for 5 percent…

Ola Electric Expects to Quadruple Revenue This Financial Year, Reveal Company Documents

Ola Electric Expects to Quadruple Revenue This Financial Year, Reveal Company Documents

ByNews Polite

Indian e-scooter maker Ola Electric expects revenue to quadruple to $1.5 billion (nearly Rs. 12,300 crore) this financial year and then double that again in two years, according to a document containing corporate projections and people briefed on the matter. The figures, however, pre-date surprise cuts by the federal government…

Nitin Gadkari Urges Advance Action Over EV Fire Incidents, Shares Concerns Over Rising Temperature on EV Batteries

Nitin Gadkari Urges Advance Action Over EV Fire Incidents, Shares Concerns Over Rising Temperature on EV Batteries

ByNews Polite

Amid incidents of electric two-wheelers catching fire, Union Minister Nitin Gadkari on Tuesday urged companies to take advance action to recall all defective vehicles, even as he said there is some problem with EV batteries when the temperature rises in the months of March, April and May. The Road Transport…