Ola Electric, India’s top e-scooter maker by market share, reported a narrower second-quarter loss on Friday helped by a jump in sales, and said the recent surge in service requests was largely for “minor issues.” The Bengaluru-based company said its consolidated loss narrowed to 4.95 billion rupees ($58.7 million) in…
India’s top electric scooter maker Ola Electric logged its lowest monthly sales this year in September, government data showed, as the SoftBank-backed firm sees its dominance eroded by smaller competitors and servicing network challenges. Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in…
Xiaomi has confirmed that the company will soon unveil its EV or electric vehicle technology. The Beijing-based firm is currently known to be one of the world’s leading smartphone manufacturers. The company said in 2021 that it would enter the electric vehicle market, with the debut of its first such…
Ola Electric on Thursday said it will reimburse its buyers of electric scooters the cost of chargers. In a statement on Twitter, the company said the electric vehicle industry has witnessed unprecedented success in the last couple of years despite attempts from vested interest groups, like the recent narrative on…
Maruti Suzuki India (MSI) on Wednesday said it is looking to set up a manufacturing plant with a capacity of up to 10 lakh units per annum in order to cater to the expected increase in demand from domestic as well as export markets. The company, which has earmarked a…
General Motors plans to phase out widely-used Apple CarPlay and Android Auto technologies that allow drivers to bypass a vehicle’s infotainment systems, shifting instead to built-in infotainment systems developed with Google for future electric vehicles. Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a…
Swedish luxury carmaker Volvo Cars could go fully electric in India by around 2025, much ahead of its global target of becoming a full electric car company by 2030, a senior company official said on Tuesday. The company, which will launch the electric version of its SUV C40 in the…
Fully imported cars, including electric vehicles will cost more with Finance Minister Nirmala Sitharaman announcing hike in customs duty in the Union Budget 2023-24. Customs duty on vehicles in completely built units (CBUs) costing less than $40,000 (roughly Rs. 32.7 lakh) or with engine capacity less than 3,000 cc for…
As many as 50 electric buses were launched in Delhi with support under the FAME India Phase II scheme of the Ministry of Heavy Industries, informed the government on Monday. In 2019, the government approved Rs. 10,000 crore for a period of three years. Out of total budgetary support, about…
Mahindra on Wednesday said it has tied up with three electric vehicle infrastructure partners — Jio-bp, Statiq, and Charge+Zone — to offer charging solutions for its upcoming range of passenger electric vehicles. With these partnerships, Mahindra EV users will get seamless access to a robust fast charging infrastructure and e-mobility…
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