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SAIC Motor to invest up to USD 2 billion in India this decade | Autocar Professional

Baua Electric

Speaking on the sidelines of the China Auto Show in Beijing recently, Yu De, GM for International Operations and the assistant to the president of SAIC Motor told Autocar Professional, “We have a very ambitious plan. We are looking at setting up a second plant in India.” We have good cooperation with JSW Group.

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Is Ford really coming back to India? What could be possible reasons

Baua Electric

It was one of the major blows for the country’s manufacturing sector as several other auto OEMs like Chevrolet, Datsun etc called it quit from India. Ford’s exit from India created quite a ruckus in the country’s automotive market as well as in the country’s business community.

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Musk’s big win in China: Tesla clears data security, full self driving hurdles for locally-made cars – ET Auto

Baua Electric

This came close on the heels of Tesla introducing fresh incentives in the world’s largest auto market to attract consumers. This is according to the China Association of Automobile Manufacturers. This came close on the heels of Tesla introducing fresh incentives in the world’s largest auto market to attract consumers.

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EV sales in India surge 41% to 1.66 million units in FY2024 | Autocar Professional

Baua Electric

As per retail data published on the government of India’s Vahan website, between April 1, 2023 and March 31, 2024, a total of 16,65,270 EVs were bought in India – that’s 4,562 EVs sold every day in FY2024 compared to 3,242 EVs in FY2023. MEGA MARCH PUMPS UP THE VOLUME March 2024 was a mega month for India EV industry.

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Mahindra Electric leads electric tricycle sales in January 2023

Electric Vehicles India

Mahindra Electric, Yatri EV, Mayuri, Citylife, and Mini Metro were among the top five electric tricycle retail sales in January 2023 Sales of electric tricycles in India have reached new heights with over 32,000 units sold in January 2023. Piaggio, a popular auto-rickshaw company, also reported a surge in demand for battery-powered tricycles.

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EV sales in India at 3.4m, Maharashtra tops in 2Ws, PVs and buses | Autocar Professional

Baua Electric

Cumulative 10-year retail data from the government’s Vahan portal reveals that India EV Inc has seen sales grow from a very low 2,390 units in CY20214 to 15,31,177 units in CY2023 (see data table below). Given their level of affordability, the electric two- and three-wheeler sub-segments will always be the volume drivers.

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History of Electric Vehicles in India

Get Electric Vehicle

Tesla, Mercedes-Benz, Audi, Hyundai, Mahindra, Chevrolet, BMW, and Renault are among the companies producing revolutionary electric automobiles today. 1996 – Scooters India Pvt Ltd, Lucknow, developed the first electric vehicle, the Three Wheeler VIKRAM SAFA, in 1996, and roughly 400 cars were produced and sold.

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