The adoption of EVs becomes critical, as the world’s fifth-largest economy prioritizes sustainable development and races to achieve net-zero carbon emissions by 2070, the report said. This can bolster Indiaâs economy while supporting the ambitious target set for 2030âEV penetration of 30%. The report, titled “India Electric Vehicle Charging Infrastructure Market Overview,” outlined the potential…
Electric vehicles (EVs) are on the rise in India. But the insurance on such vehicles is expensive compared to those that run on petrol and diesel. Further, most insurance policies do not cover batteries. The cover on batteries can be bought only as an âadd-onâ in most policies. Here is a primer on insurance for…
Down south, the Murugappa Groupâs Tube Investments of India Ltd had entered the electric vehicle (EV) segment back in 2008 with a scooter brand, but exited quickly in the face of poor demand. Eyeing the electric three-wheeler segment, the Chennai-headquartered finance-to-fertilizers conglomerate entered the market again in 2022 through TI Clean Mobility Pvt. Ltd. The…
Royal Enfield, maker of the iconic Bullet motorcycles, needed 15 years to grow its share of Indiaâs two-wheeler market from negligible to 5%. Electric two-wheeler makers in India achieved that in 4 years. These two journeys possibly outline what course Indiaâs two-wheeler market is likely to take the next few years. Eicher Motors Ltd, the…
The conventional economic case for globalization and free trade has emphasized the aggregate gains that they bring, including enhanced productivity, faster technological change and wider consumer choice. However, a critical aspect often overlooked is that globalization inevitably creates both winners and losers in the short term, even though its long-term effects are broadly positive for…
Itâs March 29, which the organizers of Tesla Takedown called a global day of action to protest and âstop” CEO Elon Musk peacefully. As it relates to Musk, what protestors want to stop are, or likely are, DOGE cuts. Musk is the de facto leader of President Donald Trumpâs Department of Government Efficiency, which has…
Good artists copy. Great artists steal. If the global auto industry wants to survive the next decade, it had better start following that maxim, and fast. Xiaomiâs $5.5 billion share sale in Hong Kong on Tuesday, coming just a few weeks after BYD raised $5.6 billion in the same market, is another warning tremor ahead…
Gensol Engineering, tied to BluSmart through its common promoter Anmol Jaggi, has seen its stock crash nearly 80% from its peak amid allegations of falsified debt records. Now, questions about corporate governance are in the spotlight. In February, months before rating agencies raised red flags, Gensolâs promoter offloaded âš11.4 crore worth of stock. Spotting the…
Chinese electric vehicle (EV) maker BYD, short for Build Your Dreams, has eclipsed Elon Muskâs Tesla in annual revenue. It reported a topline of $107.2 billion for 2024, exceeding Teslaâs $97.7 billion. BYD has logged a 29% revenue jump, alongside a 34% rise in net profit to $5.6 billion last year. Also Read: Teslaâs slump:…
To get the best life from batteries, it is desirable to charge them slowly (in three to six hours), and this can be done at places where vehicles are parked for a long time. Overnight charging at home and in office parking slots during daytime would, therefore, not only be the most convenient but also…
