ELECTRIC VEHICLES
WFH 2.0 in Gurgaon? Haryana wants companies to adopt work from home to beat traffic, save fuel
Haryana urges private firms to embrace work-from-home and staggered schedules to combat traffic congestion and rising fuel costs. This initiative, aimed at easing pressure on Gurgaon's roads, extends government austerity measures. Industry leaders and employees largely support the move, citing productivity and cost-saving benefits. The state is also implementing internal fuel-saving directives.
China opposes US move to list top firms as military companies
China strongly objects to the United States placing prominent Chinese companies on a military firm list. Beijing states this action disregards agreements made during a recent summit between President Trump and President Xi. The U.S. move impacts firms like BYD, Alibaba, and Baidu. China accuses the U.S. of suppressing its enterprises and ignoring bilateral economic interests.
From rockets to brain implants, here's a look at Elon Musk's vast empire
Elon Musk, the world's richest man, leads a sprawling business empire. His ventures include electric vehicles, brain implants, underground tunnels, and a social media platform. SpaceX, his rocket maker, recently had a historic public offering. Tesla, his electric car company, faces competition but is expanding into robots and solar energy.
EV demand surges in India as fuel prices rise; Maruti, Mercedes-Benz face delivery delays
Electric car demand is surging across India. Manufacturers are unable to meet this sudden rise, causing wait times of up to three months for popular models. This shift is driven by increased fuel prices. Companies like Maruti, Mercedes-Benz, and BMW are experiencing unprecedented interest in their electric vehicles. Supply chain issues are now limiting production more than customer interest.
Big corporates plug into electric trucks as rising diesel and logistics expenses drive a rethink
Indian companies are rapidly investing in electric trucks. This shift is driven by fluctuating diesel prices and a focus on sustainability. Major firms like Ultratech Cement and Vedanta are expanding their electric fleets. Manufacturers report a surge in corporate interest. Electric truck registrations are soaring, indicating growing acceptance and deployment across various sectors.
Amazon leveraging own charging infrastructure to grow electric delivery fleet in India
Amazon is relying largely on charging infrastructure at its own delivery stations to power its growing electric vehicle fleet in India, even as it works with partners to expand charging networks and greener transport options.
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Elon Musk's net worth crosses $980 billion as blockbuster SpaceX IPO price set at $135
SpaceX's IPO has been priced at $135 per share, valuing the company at around $1.8 trillion and adding an estimated $188 billion to Elon Musk's wealth. With most of his fortune tied to SpaceX, Musk's net worth has climbed to nearly $1 trillion and is projected to surpass $1.1 trillion once the stock begins trading, potentially making him the world's first trillionaire.
Tata Motors to increase prices of its cars & SUVs from July 1
Tata Motors Passenger Vehicles will raise prices of its entire passenger vehicle range, including ICE and electric models, by up to 1.5% from July 1, 2026. The company said the increase is aimed at partially offsetting rising input costs and persistent inflationary pressures.
SpaceX IPO makes Elon Musk the world's first trillionaire
At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured, Musk has managed to retain a loyal following despite his stratospheric net worth and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses.
Brazil emerges as major rare earths source for India
Brazil is actively courting foreign investment including from India while pushing to localise the refining and processing value chain. India and Brazil, South America's largest economy, had decided to fast-track collaboration in this sector during President Luiz Inacio Lula da Silva''s state visit to India in February.
Reliance, Vedanta, Adani join India's drive to cut China rare earth dependence, sources say
Indian conglomerates Reliance, Vedanta, and Adani are among ten companies expressing interest in developing rare-earth processing facilities in Andhra Pradesh. This move aligns with New Delhi's strategy to reduce reliance on China for these critical minerals, essential for electric vehicle motors and other high-tech applications.
EV push to absorb over Rs 24,000 cr of automakers' capex in two years as electric car adoption accelerates: Crisil
Indian passenger vehicle makers are expected to invest over Rs 24,000 crore in electric vehicles out of a planned Rs 60,000 crore capex across FY27 and FY28, according to CRISIL Ratings. The investment will focus on expanding EV portfolios, localising supply chains and boosting production capacity.
Electric two-wheelers, private EV cars record highest registrations since 2019 in Delhi
Delhi's electric vehicle market is booming. Electric two-wheelers and private electric cars have seen their highest registrations since 2019. This surge contrasts with a sharp decline in e-rickshaw numbers. The city is moving towards cleaner mobility with new policies planned to phase out fossil fuel vehicles.
BYD to launch its hybrid SUV based on DM-i Hybrid tech with driving range of more than 1,200km in India: Check details
BYD India is set to launch its first plug-in hybrid SUV, the Seal U, later this year, featuring the company's electric-first DM-i technology. This innovative platform promises a combined driving range exceeding 1,200 kilometers, aiming to ease consumer transition to electric mobility. The company sees strong EV demand, boosted by recent fuel price hikes and improving charging infrastructure.
China’s EV boom is cleaning the air, and may have prevented 262,000 deaths
Electric vehicles are proving to be life savers. Studies show China's shift to electric cars has prevented thousands of premature deaths. Air pollution has significantly decreased in Chinese cities. In the US, California is also seeing cleaner air with more electric vehicles. Cities like New York and Chicago could see even greater life-saving benefits.
Xpeng boss to head robot unit with humanoid mass production imminent
The announcement follows market talk that Shi Xiaoxin, a core executive involved in the IRON project, had left the company earlier this month. Xpeng confirmed on Wednesday that Shi had resigned as senior director of robotics product planning, without giving further details.
Exponent Energy raises Rs 200 crore led by 360 ONE Asset, TDK Ventures
Exponent Energy, an EV charging startup, has secured Rs 200 crore in a funding round co-led by 360 ONE Asset and TDK Ventures. The company plans to expand its rapid charging network for commercial electric vehicles across India. This funding will support network expansion beyond Bengaluru and Delhi, new vehicle segments, and R&D.
Seres-backed Saidou launches smart EV brand, partners with ByteDance
Saidou Technology, backed by Seres Group, has launched its AIVA artificial intelligence auto brand. The company is partnering with ByteDance for smart cockpit technology. This move aims to establish a presence in China's competitive electric vehicle mass market. AIVA's first mass-production model is expected within the year.
Electric passenger vehicle retail sales jump 81.2% to 26,682 units in May: FADA
Electric vehicle sales in India saw a significant surge in May. Passenger vehicle retail sales jumped 81.2 percent. Tata Motors led the electric car market. Electric two-wheeler sales also climbed by 62.76 percent. TVS Motor Company topped the electric scooter segment. Overall electric vehicle adoption continues to grow across segments.
Alibaba, BYD, Baidu are helping China military - Pentagon makes shocking claims
US-China relations: Pentagon's update on Monday comes months after it briefly released -- then withdrew -- an earlier version of the list without explanation.
Vehicle retail sales jump 10% in May to 2.53 million units on rural demand
Vehicle sales saw a 10% jump in May, fueled by robust rural demand for cars and trucks. Passenger vehicle registrations surged in rural areas, outpacing urban growth. Two-wheeler sales also climbed, supported by GST cuts and wedding season purchases. Electric vehicle adoption is increasing across segments. FADA anticipates continued demand, supported by monsoon progress and rural cash flows.
Indian retail auto sales rise 9.6% in May; dealers see monsoon-driven demand ahead
Indian auto retail sales grew 9.6 percent in May, overcoming heat and fuel price concerns. Passenger vehicles led the surge, with rural markets showing strong demand. Two-wheeler sales also increased. Dealers anticipate continued growth driven by monsoon progress and upcoming festivals. Electric vehicle adoption is rising across segments. The industry remains cautiously optimistic for the coming months.
Hindalco expects aluminium to shine bright downstream
Upstream operations typically involve extraction of raw materials to produce basic metal, the pricing for which is largely dependent on global commodity prices. Downstream operations are a value addition to the basic metal, converting it specifically as per customers' requirements, and has more stable pricing compared to the basic metal.
Ola Electric raises Rs 780 crore via QIP, issue oversubscribed 56%
The strong response came despite volatile equity markets and signals continued institutional confidence in Ola Electric's growth strategy, technology roadmap and positioning within India's electric vehicle sector.
Tata Motors rethinks its premium EV playbook
Tata Motors has revamped its premium EV brand, Avinya, by shifting from its original platform plans to leveraging partnerships and ready-made architectures. This strategic pivot aims to accelerate the launch of its luxury EVs, with the first model slated for a 2027 India rollout, utilizing the Freelander platform from Chery Jaguar Land Rover.
From BS-IV to BS-VI: Cabinet nod for cleaner mobility in Delhi-NCR
The Union Cabinet has approved a new scheme to replace old trucks and buses in Delhi-NCR. This initiative aims to significantly reduce air pollution in the region. Owners of older vehicles can get incentives to switch to cleaner BS-VI or electric vehicles. The scheme will benefit over two lakh vehicle owners and involves financial support and tax concessions.
Ola Electric opens QIP, sets floor price at Rs 37.74/share
Ola Electric Mobility has approved its qualified institutional placement (QIP), setting a floor price of ₹37.74 per equity share. This fundraising initiative aims to bolster the company amidst slowing sales and market share pressures in the electric two-wheeler sector. The move follows a recent ₹2,000 crore investment into its subsidiaries for enhanced localization and vertical integration.
Tata Motors, Mahindra lead the pack as EV sales surge 79%
India's electric car sales surged 79% in May. Tata Motors and Mahindra & Mahindra gained market share. Newcomer VinFast also saw growth. JSW MG Motor and Hyundai Motor experienced a decline. Higher fuel prices are driving consumers to electric vehicles. This trend shows sustained growth in the electric car sector.
BYD snaps longest streak of sales declines
Vehicle sales globally grew 0.3% from a year earlier to 383,453 units last month, according to Reuters calculations based on a stock filing on Monday.
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