Suzuki Motor Corporation (SMC) signed MOU with the State of Gujarat, India to invest approximately 150 billion yen (approximately 104.4 billion rupees) for local manufacturing of electric vehicles (BEV) and BEV batteries. The MOU was signed on 19 March 2022 at India-Japan Economic Forum held in New Delhi, India, in the presence of Japanese Prime…
Triton Electric Vehicle LLC, the young and most enterprising Electric Vehicle company headquartered in Cherry Hill, New Jersey-USA, has unleashed its firm plans to enter India with its manufacturing facility set up. The company is in discussion with a few Indian states for setting up a well-equipped EV car manufacturing base in India with all…
American electric-automobile manufacturer Tesla Inc will come to India early next year, country’s transport minister Nitin Gadkari told national daily the Indian Express on Monday. The electric-car maker will start with sales and then might look at assembly and manufacturing based on the response, the minister told the newspaper. “India is going to become a…
New Delhi-based electric vehicle start-up Euler Motors recently announced that it has raised ₹20 Crores through its ongoing series A funding round. The fundraiser was led by Inventus Capital along with other participants. The other investors in the fresh round of funding include Blume Ventures, Singapore-based Jetty Ventures India Investments and Udaan’s co-founder Sujeet Kumar.…
Luxury carmaker Jaguar Land Rover India recently announced that it has entered into a partnership with Tata Power to offer end-to-end EV charging solutions. Tata Power will provide charging solutions for Jaguar Land Rover in India, across its retail network of 27 outlets in 24 cities and at the customer’s residence and/or office. India’s largest…
Japanese conglomerate SoftBank, who has been aggressively investing in the Indian start-up system, is reportedly considering buying a minority stake in Mahindra Electric Mobility. According to a Business Standard report, the two companies have begun preliminary talks for an alliance. Mahindra’s Electric Vehicle manufacturing arm is a subsidiary of Mahindra & Mahindra, said a few…
Prakriti E-Mobility has signed an agreement with India’s integrated power utility company, Tata Power, to provide charging infrastructure to support Prakriti’s EV Taxi fleet in Delhi-NCR. Prakriti E-Mobility, co-founded by Nimish Trivedi, Vikas Bansal and Rajeev Tiwari, is an app-based Electric Vehicle (EV) taxi service provider. This will be a service agreement between Prakriti E-Mobility…