Friday, December 01, 2023
Outlook India
Outlook Business

Electric Vehicle

The funds raised will be used to improve product offerings, focusing on safety and scalability in the gig economy

Oben Electric plans to expand its footprint to all metro cities by the end of this fiscal year ensuring wider access to its electric motorcycle

The move will enable students to access sustainable modes of transportation that will reduce their dependence on fossil fuel-run vehicles

Globally, the electric car market has hit the 10 million mark and 18 per cent of the new cars sold are electric, he said

In FY22, Chetak electric scooter clocked sales of 8,187 units, as per Bajaj Auto's Annual Report for 2022-23.

The company also aims to cater to the needs of customers residing in remote locations, making it easier for them to adopt electric vehicles

These incentives will be provided on electric two-wheelers, e-cycles, e-rickshaws, e-autos and electric light commercial vehicles

In February, Ola signed a memorandum of understanding with the Tamil Nadu government committing investments of Rs 7,614 crore for manufacturing electric cars, two-wheelers and lithium cell gigafactories in the state

The fresh capital infusion will help the company boost its manufacturing capabilities and promote the upcoming launch of its two-wheeler, Indie

The financing will be done under a new project called Evolve, which is electric vehicle operations and lending for a vibrant ecosystem, under which Sidbi will give access to affordable commercial financing for EVs, the national bank said in a statement on...