New Delhi, June 2 (IANS) India’s electric vehicle (EV) market registered an increase in demand during May this year, as higher fuel prices pushed more buyers towards battery-powered alternatives, according to reports by Nomura and HSBC.According to Nomura, EV sales in May reached 6.4 per cent of passenger vehicle sales, compared with 4 per cent in FY26, while electric two-wheelers accounted for 8.9 per cent of sales, up from around 6.5 per cent last year. The brokerage said that demand sentiment…
Latest Ather Energy News & Updates
Mumbai, May 4 (IANS) Electric two-wheeler maker Ather Energy on Monday reported a sequential increase in its net loss for the fourth quarter of FY26, even as the company posted strong revenue growth and improved year-on-year performance.The company’s net loss widened to Rs 100.23 crore in the January–March quarter (Q4 FY26), compared to Rs 84.64 crore in the preceding December quarter (Q3 FY26), according to its stock exchange filing.However, on a yearly basis, the loss narrowed significantl…
Hyderabad, March 24 (IANS) To encourage the adoption of electric vehicles (EVs) as an eco-friendly alternative to fossil fuel–run vehicles, the Telangana government on Tuesday announced an initiative under which government employees will get up to 20 per cent discount on EVs. Transport Minister Ponnam Prabhakar announced the initiative, said to be a first-of-its-kind in the country.The minister secured discounts of up to 20 per cent on electric two-and four-wheelers for state government employ…