India’s Electric Vehicle Market Sees Major Growth In 2024
India's electric vehicle (EV) sales surged by 27% in 2024, surpassing two million units, according to a recent BloombergNEF report.
Indian Automotive Component Industry Set For Steady Growth Despite Tariff Concerns
India’s automotive component industry is projected to continue its steady growth, with an expansion rate of 8-10% in FY26.
BMW Group India Clocks Best-Ever Sales At 15,721 Units In 2024 With 11% Growth
BMW Group India announced on Tuesday that it achieved its best-ever annual car deliveries in 2024, recording 15,721 units with an 11% growth compared to the previous year.
EaseMyTrip Announces New Electric Bus Manufacturing Subsidiary; Shares Zoom 14%
The board approved this move in a meeting on September 5, 2024. The new subsidiary will focus on electric buses. The company needs approval from the Ministry of Corporate Affairs to proceed
Simple Energy Secures $20 Million In Series A Funding To Boost EV Production
Electric vehicle (EV) and clean energy startup Simple Energy has announced it has raised $20 million in a Series A funding round aimed at scaling up its local production.
Tesla’s Profit Dives 45 PC As Musk Plans To Unveil Robotaxi In October
Tesla has earned a whopping profit of 1.5 billion dollars in April-June period in quarter 2 this year. However the registered profit is 45 percent less than the profit observed by Tesla in same period 2023.
Hyundai To Begin Production of All-Electric Casper SUVs This Month
Full-fledged manufacturing of Hyundai's all-electric compact SUV, Casper Electric, would get off by this month. By the end of the year, 21,400 units are expected to be produced.
Elon Musk Apologizes to Piyush Goyal for Missed Meeting at Tesla Factory: “It Was an Honor…”
While engaging with Indian engineers and financial professionals, Goyal missed the opportunity to meet Elon Musk, who expressed his regret due to being unwell.
Morris Garages India Rolls Out Comet EV, Price Starts at Rs 7.98 lakh
MG Motor India has introduced the base variant of the Comet EV for Rs 7.98 lakh.
Tesla’s Profit Falls In The First Quarter Post Price Cuts
Elon Musk's electric vehicle company, Tesla, reported a decline in first-quarter earnings on Wednesday