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

Baua Electric

We are looking at setting up a second plant in India.” When asked what kind of investment SAIC Motor will have lined up for India, De said a minimum of 1-2 billion dollars, for the decade. De says the aim is to offer a high-tech, affordable portfolio of products for the Indian market. “We

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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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Tesla gets approval for 4 models for India

Electric Vehicles India

Tesla gets approval for 4 models for India. Tesla a very popular American electric vehicle manufacturer has received its approval to make or import its vehicle variants in India from the Ministry of Road Transport and Highways. Tesla’s Model 3 and Model Y variants might be coming to India.

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Forecast: Indias car sales to surpass 2.6M units; more affordable small cars and new demand

Green Car Congress

A Business Monitor International (BMI) report forecasts that car sales in India will surpass 2.6 million units by the end of 2010, fuelled by an increasing number of affordable small cars and demand from less penetrated segments, such as rural areas. While BMI forecasts growth of 17.4%

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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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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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Hero Motocorp joins hands with Zero Motorcycles, a step to launch premium electric motorcycles

Electric Vehicles India

Hero Motocorp, one of the biggest automobile companies in India, officially declared on Monday that the firm will collaborate with the US-based electric motorcycles manufacturer, Zero Motorcycles. With Zero as our partner, we look forward to accelerating the transition of electric mobility in India and across our global markets.”