Auto refurbishing industry set to thrive again, thanks to electric vehicles

There was a time when people who had bikes and cars in India were seen with awe and naturally, respected, for they had the money to buy and run those vehicles. With very few vehicle owners, the aftermarket industry was not a great one back in the day, with only OEMs and certain houses present and prevalent. Thus, the informal sector grew and ran successfully alongside the formal sector when it came to the automotive industry. Continue Reading

Hyundai, Kia invest $300 mn in Ola for EVs

Under the partnership, the three companies will also aim to develop electric vehicles (EVs) and charging infrastructure customised for Indian market, the companies said in joint statement. Continue Reading

National mission on battery storage to boost Indian EV biz: SMEV

Terming the Cabinet’s approval to the plan a ‘good move’, the Society of Manufacturers of Electric Vehicles (SMEV) said it would help in significantly reducing the cost of EVs. Continue Reading