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Auto sector sourced 50% parts locally, says minister – ET Auto

Baua Electric

The Indian automobile sector was able to source almost 50% of required auto parts from domestic markets under the INR 26,000 crore Production-Linked Incentive (PLI) scheme, said Union minister for heavy industries Mahendra Nath Pandey on Tuesday.

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Polestar 3 officially unveiled in China, price cut by about $29,080 from previous

CN EV Post

The 20th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2023) will be held from April 18-27, with media days from April 18-19 and professional visitor days from April 20-21, while the general public can visit from April 22-27. For more articles, please visit CnEVPost.

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EV push in Budget to give fillip to warehousing & logistics sectors – ET Auto

Baua Electric

The surge in EVs won’t just reshape the Indian automobile industry; it’s expected to create a domino effect, propelling demand for new storage, distribution, and logistics facilities. This boom is underpinned by the need for adequate infrastructure to support the burgeoning EV market.

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EU reaches compromise on 2035 new ICE vehicle ban

Teslarati

However, the carbon credit market that will regulate the emission of heating and road transport fuel will be delayed for an unknown amount of time. The carbon market will be reformed with multiple changes. Lawmakers also hope this will limit market speculation. What do you think of the article?

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Jawa Motor electric motorcycle to launch in 2022 

Electric Vehicles India

Last year, the Jawa Moto is developing an electric motorcycle for the Indian market. The company’s first two products are Jawa and Jawa 42 were successful products in the Indian market. Electric vehicles are the future of the automobile industry and already many manufacturers have added EVs to their vehicle portfolio.

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CEO’s Take On 2024: Demand for feature-rich, safe, connected and electric vehicles to drive auto parts industry, says Bosch India chief – ET Auto

Baua Electric

We believe the component industry is quite ready to support the OEMs in this evolving landscape during 2024. EVs are yet to reach mass market volumes, but it is a matter of time before this happens, and several auto component players are already working to provide solutions. As a nation, we are good at adopting technologies.

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Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

Today in this article we will see the sales of electric vehicles under the FAME II scheme and overall sales. To know the exact sales value, the EVs sales report is the best source to know the market potential in India. The Indian market has now witnessed some decent growth in the EV industry in FY20-21.