Electric Cars
World's fastest accelerating e-car unveiled at Hyderabad E-Motor Show
The pure-electric hyper GT Battista was unveiled for the first time in India at the show organised as part of the E-Mobility Week and it adds an important milestone, as the city gears up for India's first Formula E Grand Prix on February 11. Designed, developed, and made by Automobili Pininfarina, the Italian luxury car brand wholly owned by Mahindra & Mahindra, the Battista combines the pinnacle of legendary Italian design and unprecedented EV performance.
Growth for Indian IT services industry likely to slow down: ICRA
"The order book position of leading IT services companies remains strong, which will support the growth over the near term. However, evolving macro-economic headwinds may result in lower order inflows going forward," said Deepak Jotwani, assistant vice president and sector head, ICRA.
EV 2-wheeler sales in India to reach 22 mn by 2030: Report
According to the latest report by Redseer Strategy Consultants, the electric 2W market is expected to be over 80 per cent of the overall 2W market by 2030. With the demand for affordable transportation and the focus on reducing carbon emissions, electric vehicles will play a vital role in India's step towards a sustainable future.
`FY24 budget should be favourable to EV like the FY23 budget'
Like last year's Union Budget which was positive for the EV industry, this year too she expects it to favour the sector. "2022 was a significant year for the EV sector in India. The industry saw EVs outnumbering ICE (internal combustion engine) in the three-wheeler sector, a significant rise in sales of EVs, and the initiation of EV component manufacturing in the country," Motwani said.
Firefighting daily to stop EV adoption being derailed: Hero Electric CEO
"However, issues that hinder the pace of growth do crop up during the journey from intent to reality. Some of these issues are interposed by the policy-makers who are not fully aware of the ground realities, and some others are slipped into inconspicuously by the lobbies that are threatened by such disruptive policies," Gill emphasised.
Ather Energy to make 1 mn more 2-wheelers; eyes new EV factory
Ravneet Phokela, Chief Business Officer (CBO) at Ather Energy, told IANS that the company is ramping up manufacturing output and planning to add 10 lakh units capacity, in addition to the 400,000 annual capacity that it currently has. "To drive faster adoption of EV, we continue investing in public fast-charging networks. With around 1,000 chargers installed across the country, we already have the largest fast-charging network for two-wheelers in the country, and this number continues to grow," said Phokela.
Chinese electric carmaker BYD India to launch luxury sedan in 2023's last quarter
The Chinese electric car maker also claimed that BYD Seal has a range of up to 700 km on a single charge. With the unveiling of the electric luxury sedan BYD Seal, and the launch of the limited edition of BYD ATTO 3, Blade Battery, and the e-Platform 3.0
Auto Expo 2023 begins, Maruti Suzuki launches concept electric SUV eVX
On the first day of the event, the Maruti Suzuki, the largest seller of cars in India, launched its first electric SUV (sport utility vehicle), concept electric SUV eVX , which will run 550 km once fully charged. On the first day of the event, the Maruti Suzuki, the largest seller of cars in India, launched its first electric SUV
'Earnings recovery for domestic airlines will be slow-paced due to elevated ATF prices'
"The domestic aviation industry continues to witness recovery, with domestic passenger traffic for November 2022 estimated at nearly 117 lakh, about 3 per cent higher compared to nearly 114 lakh in October 2022 and about 11 per cent higher in comparison to the domestic passenger traffic in November 2021. Although, it fell short by nearly 10 per cent, compared to pre-Covid levels of November 2019," the report said.
Automobile sales to witness 40% jump during run-up to Diwali
Auto dealers say that between Navratri and Diwali, nearly two lakh passenger vehicles are likely to be sold while around 8 lakh units so far have been booked. According to Federation of Automobile Dealers Associations (FADA), the retail sales segment witnessed 57 per cent growth during Navratri period.
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