New Delhi, July 2 (IANS) The West Asia crisis is transforming Indians’ travel preferences with a hastened shift to electric vehicles (EV) and EV penetration could save Rs 1 lakh crore of import bill with a 20 per cent adoption rate by 2030 from the current 10 per cent, an SBI Research report said on Thursday.With the onset of the US-Iran war on February 28, the registration of EVs have jumped significantly in India. From average 1.3 lakh registration in 2025, the March-June period exhibited av…
Latest EVs News & Updates
New Delhi, June 8 (IANS) The Indian auto industry saw its best-ever May retail sales at 25,31,067 units during the month, a 9.55 per cent year-on-year expansion — with passenger vehicles (PVs) witnessing a robust 23.25 per cent growth, the Federation of Automobile Dealers Associations (FADA) data showed on Monday.Two-wheelers saw 7.54 per cent retail growth, with commercial vehicles at 5.29 per cent and three-wheelers at 3.56 per cent.The strong May performance was achieved despite an above-nor…
Hyderabad, May 27 (IANS) The Telangana State Road Transport Corporation (TGSRTC) will soon add 2,200 electric buses to its fleet, state Transport Minister Ponnam Prabhakar Goud said on Wednesday.Flagging off 60 electric buses at Kukatpally depot here, he said currently 960 electric buses are operational in Telangana, and another 2,200 buses will soon become available.The minister said as part of the green challenge, the TGSRTC is introducing EVs with the aim of controlling pollution and strength…
New Delhi, May 18 (IANS) India’s electric passenger vehicle market surged 57 per cent year‑on‑year in the first quarter of 2026, outpacing overall passenger vehicle growth of 13 per cent driven by superior charging infrastructure, competitive pricing and connectivity features, a report said on Monday.The report from CyberMedia Research (CMR) said connected EVs grew 67 per cent year‑on‑year and that digital cluster adoption jumped 55 per cent, with penetration rising from 35 per cent to…
Seoul, May 4 (IANS) Sales of Hyundai Motor and Kia vehicles in the United States fell slightly from a year earlier, while numbers for hybrid vehicles rose to a new monthly high, the automaker said on Monday.The South Korean automakers sold a combined 159,216 vehicles in the key American market in April, down 2.1 percent on-year, according to the companies.Hyundai Motor sold 86,513 units, down 1.5 percent from the previous year, reports Yonhap news agency.Its luxury vehicle brand Genesis sold 6,3…
New Delhi, April 30 (IANS) Invest India, the National Investment Promotion and Facilitation Agency under the Centre’s Department for Promotion of Industry and Internal Trade (DPIIT), has facilitated the grounding of 60 projects worth over $6.1 billion across 14 states during the financial year 2025–26, which are expected to generate more than 31,000 jobs, according to an official statement issued on Thursday.Grounded investments have registered a nearly threefold growth over FY 2024–25, wh…
New Delhi, April 22 (IANS) India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.It forecasted a potential re-rating driven by easing geopolitical tensions, mo…
New Delhi, March 30 (IANS) China’s industrial rise is due to institutionalised competition among provinces, cities and firms, with the central government acting as a referee and disciplinarian rather than as an engineer, a new report has said.The report from The Globe and Mail called China’s industrial policy “authoritarianism”, adding that it “behaves less like central planning than a state-enabled pressure cooker.”Such a system thrived by enabling rivalry across firms and provinces, with t…
New Delhi, Feb 25 (IANS) With clear policy direction and strong industry participation, India can firmly establish itself as a leading global centre for electric mobility manufacturing and innovation, Minister of Heavy Industries and Steel, H.D. Kumaraswamy, said on Wednesday.Speaking to reporters on the sidelines of the third ‘FICCI National Conference on Electric Vehicles’, the minister stressed that “whatever best way we can encourage the electric mobility adoption, we are going to go for tha…
Mumbai, Feb 6 (IANS) Indian auto component manufacturers are likely to enjoy more access to European markets with improved price competitiveness under the proposed India-EU Free Trade Agreement (FTA), a report said on Friday.The report from ICRA said that “tariff rationalisation and preferential access are expected to enhance pricing competitiveness and sourcing opportunities with European original equipment manufacturers (OEMs)”.The EU is a major automotive production hub and better trade terms…