Electric vehicles
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Business
Hyundai India Set Launch Historic $3.3 Billion IPO in Mumbai Today
Hyundai India is set to open the order books for its massive $3.3 billion initial public offering (IPO) in Mumbai, starting Monday, according to regulatory filings. This offering marks the largest IPO in Indian history and ranks as the second-largest globally in 2024. India’s capital markets continue to show remarkable momentum, with 260 companies raising over $9 billion so far…
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Business
India’s Largest Stock Offering of 2024: Hyundai Motor India to Launch $3 Billion IPO
Hyundai Motor India is set to launch its initial public offering (IPO) next week, with share prices expected to be priced between Rs 1,865 and Rs 1,960 ($22 to $23). This valuation could position the automaker at approximately $19 billion, marking it as the largest stock offering in the country this year. This IPO represents Hyundai’s first foray into public…
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Business
Honda Aims for One-Third of Sales from Electric Vehicles by 2030
Honda Motorcycle and Scooter India (HMSI), India’s second-largest two-wheeler manufacturer, is set to launch its first electric vehicle (EV) by March 2024, despite delays. Initially planned for earlier in the year, the launch of their electric scooter will mark Honda’s entry into a rapidly growing EV market. Yogesh Mathur, HMSI’s Director of Sales and Marketing, emphasized that while the company…
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Business
Union Minister Nitin Gadkari Advocates for Reduced GST on Flex-Fuel Vehicles
As India seeks to reduce its reliance on fossil fuels, Union Minister for Road Transport and Highways Nitin Gadkari urged state finance ministers on Monday to advocate for a decrease in the Goods and Services Tax (GST) on flex-fuel vehicles during the upcoming GST Council meeting. Speaking at the India Bio-Energy & Tech Expo organized by the Indian Federation of…
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Business
From Scooters to Motorcycles: Ola Expands EV Portfolio
In a bold move to solidify India’s position as a global leader in electric vehicles (EVs) and renewable energy, Ola Electric has unveiled an ambitious roadmap spanning both sectors. The company’s recent Sankalp 2024 annual launch event, held at its Futurefactory in Krishnagiri, Tamil Nadu, was the stage for several groundbreaking announcements. Ola Electric made a significant leap into the…
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State News
Minister Joshi Lays Foundation for EV Battery Testing Facility in Bengaluru, Plans Expansion
Bengaluru, EXPRESS News: In a significant move to bolster the electric vehicle (EV) industry in India, the National Test House (NTH) is preparing to set up EV battery charger and testing facilities in Mumbai and Kolkata, mirroring the successful model already established in Bengaluru. This announcement was made by Union Minister Pralhad Joshi during the foundation-laying ceremony for an EV…
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State News
Karnataka Leads with 5,765 EV Charging Stations, Tops National List
Bengaluru EXPRESS News: Karnataka has emerged as a leader in the country’s transition to electric mobility, boasting the highest number of public electric vehicle charging stations—an impressive 5,765. This achievement, as reported by the Bureau of Energy Efficiency under the Ministry of Power, underscores the state’s unwavering commitment to sustainability and clean energy. Energy Minister KJ George has played a…
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Business
Go Green Faster: Government Simplifies Rooftop Solar Installations
New Delhi, India: Consumers across India can expect faster and easier access to electricity connections and rooftop solar installations, thanks to recent amendments approved by the government. These changes, announced by Power and New & Renewable Energy Minister R.K. Singh, aim to empower consumers and simplify processes. Key Highlights: Faster Connections: Timelines for obtaining new connections have been drastically reduced: 3 days…
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UK
House of Lords Points Fingers: Rowan Atkinson’s Critique Linked to Drop in Electric Car Purchases in UK
LONDON: In a recent session of the House of Lords, Rowan Atkinson, famously known for his role as ‘Mr. Bean,’ found himself at the center of discussions regarding the decline in the sale of electric cars in the UK. The House of Lords, the upper house of the UK Parliament, specifically during its environment and climate change committee meeting, addressed…
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Business
MoEVing Electrifies India with a Landmark Deployment of 100 Units of Tata ACE EV
Gurugram: In an endeavour to provide seamless adoption of green mobility pan India, MoEVing has achieved a remarkable feat of deploying 100 units of revolutionary Tata Ace EV in a record time of 90 days. This landmark achievement not only showcases the burgeoning acceptance of electric vehicles (EVs) in India’s last-mile logistics but also underscores the crucial role of EVs…
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