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VinFast announces new EV facility in India

Teslarati

The Vietnam-based EV manufacturer and the government of Tamil Nadu have committed to investing $500 million in the first phase of the EV facility, which will span 5 years from the start date. “EV manufacturing companies are not only important economic drivers but also powerful accelerators to the State’s green vision.

India 116
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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

Rising EV sales are set to remake the global auto industry and significantly reduce oil consumption for road transport, according to the new edition of the IEA’s annual Global EV Outlook , released today. This shift will have major ramifications for both the auto industry and the energy sector.

Global 52
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Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

Baua Electric

The automotive and ancillary industries are anticipated to progress significantly, leveraging well-established manufacturing ecosystems, sustainable practices, dynamic supply chains, and a skilled talent pool. The auto industry is making strides to replace the traditional sources of fuel with the carbon-free fuel.

Auto 40