One of the major investments includes a USD 40 million loan to APAC Financial Services Pvt. Ltd., which will expand lending to low-income and new-to-credit microenterprises across India, providing long-term capital to some of the country's smallest businesses.
The new facility will manufacture high-quality, indigenously made supercapacitors that have applications ranging from electric vehicles to space missions. supercapacitors are known for their ability to store and discharge energy faster than traditional batteries, making them essential in sec
The scheme aims to accelerate the adoption of electric vehicles (EVs) in India, focusing on electric two-wheelers (e-2Ws), electric three-wheelers (e-3Ws), electric buses, and other emerging EV categories. Background and Evolution of EV Promotion Schemes
The electric vehicles (EVs) in India are set to consume a significant share of the country's electricity by 2035, highlighted a report by IKIGAI Asset Manager Holdings, an investment management firm.
Government subsidies and declining battery prices are making electric vehicles (EVs) more accessible even though they still have higher upfront costs than conventional internal combustion engine (ICE) vehicles, Axis Securities said in an analysis.
The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein.
Union Minister, HD Kumaraswamy announced that Ministry of Heavy Industries will soon introduce e-vouchers for electric vehicle (EV) buyers to avail of demand incentives under the newly approved PM E-DRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) scheme.
India's automobile sector's shift to EVs will not solely rely on electric vehicles but will also include hybrids and plug-in hybrids, as per a report by Elara Securities.
Anurag Jain, Secretary, Ministry of Road, Transport and Highways, clarified that there has been no change in National Highway policy and that the toll for the first 20 kilometres will remain free.
As the world celebrates World EV Day, India's significant progress in adopting electric vehicles (EVs) across various categories is commendable, however there is still a long way to go.