Some measures have been taken by the Central Government to promote Electric Vehicles (EV). In this series, the Heavy Industries Ministry had introduced the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II Scheme. Although this scheme has ended, three electric two-wheeler companies are being investigated on suspicion of fraudulently taking incentives. These companies include…
Sales of Electric Vehicles (EV) have increased rapidly in the last few years in the country. MG Motor sold 3,144 units of Windsor EV in November. This is the second month in a row that the Windsor has been the best-selling EV. Last month, MG Motor’s total sales stood at 6,019 units. New Energy Vehicles…
Ola Electric, which has a major share in the electric two-wheeler market, plans to increase its network of stores four times. The company has about 800 stores. Their number will be increased to about 4,000 by the end of this month. Service facility is also available at the existing stores of the company. The company’s…
Ola Electric, one of the big electric two-wheeler companies, saw its sales decline by about 33 percent in November. According to the data of vehicle portal, the registrations of the company’s electric scooters last month were 27,746 units. This is a decline of about 33 percent in the sales of Ola Electric on a month-on-month…
Honda Scooters and Motorcycle (HMSI), one of the major two-wheeler companies, recently launched the electric version of Activa. The company has entered the electric vehicle segment with this. The range of this electric scooter when fully charged is claimed to be around 104 kilometers. The company has said that the delivery of Activa e will…
American devices maker Apple has rapidly expanded its manufacturing in the last few years. India’s share in the company’s manufacturing is also continuously increasing. Apple’s iPhone manufacturing in the country has reached $10 billion (about Rs 84,000 crore) between April and October of the current financial year. However, China has a major stake in the…
The electric version of the popular scooter Activa of Honda Motorcycle and Scooter India (HMSI), one of the big two-wheeler companies, will be launched on November 27. The company has revealed the features of this electric scooter in some teasers. The Activa Electric may have a charging port like TVS’s electric scooter iQube. However, the…
The sale of American devices maker Apple’s iPhone 16 is banned in Indonesia. The reason for this is the company’s low investment in Indonesia. Apple has invested about $15 billion to increase manufacturing in Vietnam. The company had proposed an investment of $100 million in Indonesia. Indonesia’s Industry Minister Agus Gumiwang Kartasasmita has said that…
Electric vehicle (EV) maker Tesla chief Elon Musk has benefited greatly from Donald Trump’s victory in the US presidential election earlier this month. The wealth of Musk, the world’s richest person, has increased to more than $334 billion. His stake in Tesla contributes significantly to his net worth. Musk supported Trump in this election. He…
Electronics manufacturing has increased in India in the last few years. The central government has planned to give incentives worth five billion dollars (about Rs 42,221 crore) to companies in this sector for local manufacturing of components from laptops to smartphones. This will reduce the supply from China. In the last six years, electronics manufacturing…