There has been a dramatic change in the competitive landscape of India's two-wheeler electric vehicle (EV) market, with Bajaj Auto surpassing Ola Electric in December 2024 to become the dominant competitor. The government's Vahan portal reports that Bajaj Auto's market share in the two-wheeler
Tata Power Delhi Distribution Limited (Tata Power-DDL) and electric vehicle (EV) startup Baaz Bikes have signed an agreement to install EV battery swapping stations throughout north and northwest Delhi. According to a news agency, the battery swapping supplier will be in charge of planning, acquiring, installing, and maintaining these stations,
On December 21, Finance Minister (FM) Nirmala Sitharaman made it clear that the 5% goods and services tax (GST) rate will remain applied to new electric cars (EVs). However, the FM also stated that used EV sales between private parties will continue to be GST-exempt. FM While speaking to the
With the aim of effectively managing bulk orders, the food delivery startup Swiggy, preparing for an IPO, has formally introduced its XL electric vehicle (EV) fleet in Gurugram. This new service was launched on 5 September 2024, following a fruitful trial period throughout the holiday season. The debut of Swiggy
On 30 September, the centre announced the PM E-DRIVE initiative. The initiative would be implemented from October 1, 2024, to March 31, 2026, with a INR 10,900 crore investment, according to a gazette notification. It seeks to provide a charging infrastructure, expedite the adoption of electric cars (EVs), and
Car servicing startup Gomechanic is getting ready to roll out dedicated electric vehicle workshops across key metro cities in India, including Delhi, Mumbai, Chennai, Bengaluru, and Hyderabad, amongst others, in the near future. This venture is being undertaken with the intention of capitalising on the growing demand for electric vehicle
With an outlay of INR 3,435.33 crore, the "PM-eBus Sewa-Payment Security Mechanism (PSM) scheme" for the procurement and operation of e-buses by Public Transport Authorities (PTAs) has been approved by the Union Cabinet, which was headed by the Prime Minister Narendra Modi. From fiscal year 2024-25
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Automobile manufacturers have been stepping up their technological game to become industry leaders in electric vehicles ever since the notion was first presented globally. As a result of Tesla's success, worldwide corporations are racing to be the first to cash in on this industry's promising future.