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China's Great Wall Motor signs MoU with Maharashtra, reaffirms plan to invest USD 1 billion

By : Sustainability ..., Jun 18, 2020

Great Wall Motor, the latest Chinese automaker to enter the Indian market, signed a memorandum of understanding with the Maharashtra government on Tuesday agreeing to invest in modernising its Talegaon manufacturing plant and generate employment for 3,000 people. The company...

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India’s electric two-wheeler market to cross 20 lakh units in next five years: Report

By : Sustainability ..., Jun 4, 2020

India’s electric two-wheeler (ETW) market size in terms of sales is set to cross 20 lakh units in the next five years, according to a recent survey of industry CXOs. It added that the expected share of ETWs in total two-wheeler sales in the next five years could vary from 6...

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India's annual EV sales to cross 2 million mark by 2040: BloombergNEF

By : Sustainability ..., May 26, 2020

The sales of electric vehicle units in India will cross two million mark by 2040 on the back of falling prices of lithium ion batteries over the next decade, according to BloombergNEF. "The cost improvements will help drive annual EV sales to above two million units by 2040,...

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India’s electric vehicle component market to grow 22% per year for a decade

By : Sustainability ..., May 15, 2020

India’s electric vehicle (EV) component market will grow 22.1% annually up to 2030, from a base of $536 million (Rs4,054 crore) last year, according to U.S. market research company P&S Intelligence. The fastest growth will be driven by demand caused by the roll-out of...

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Plans for first lithium plant in India forges ahead

By : Sustainability ..., May 6, 2020

Plans for India’s first lithium refinery are forging ahead after Neometals Ltd. and Manikaran Power Ltd approved a feasibility study for a project that aims to supply a nation set to become the fourth-largest electric-vehicle market by 2040. The refinery will have a proposed...

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Okinawa hikes dealer margins by 3 pc to 11 pc amid COVID-19 pandemic

By : Sustainability ..., Apr 29, 2020

Electric two-wheeler maker Okinawa on Tuesday said it has increased dealer margins by 3 per cent to 11 per cent per sale amid nationwide lockdown due to COVID-19 pandemic. The hike, from 8 per cent to 11 per cent, is effective from April 27 onwards until further notice,...

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Electric vehicle sales in India up 20% in 2019-20

By : Sustainability ..., Apr 21, 2020

Electric vehicles sales, excluding e-rickshaws, in India grew by 20 per cent at 1.56 lakh units in 2019-20 driven by two-wheelers, Society of Manufacturers of Electric Vehicles (SMEV) said on Monday. In 2018-19, total EV sales in India stood at 1.3 lakh units, SMEV said in a...

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Hero Electric offers Rs 5,000 discount on online booking of electric scooters

By : Sustainability ..., Apr 20, 2020

Hero Electric has announced an online sales scheme on its entire range of electric scooters (excluding Flash lead-acid low-speed model). The online sale is limited to all online bookings made starting from 17 April to 15 May 2020 and the booking amount has been fixed at Rs 2,...

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Ampere Electric Vehicle announces ‘book online now and pay later’ offer

By : Sustainability ..., Apr 20, 2020

Ampere Electric Vehicle, a wholly-owned electric mobility subsidiary of Greaves Cotton, has started an offer ‘book online now and pay later’ facility for its customers and corona warriors who are out to deliver essential items for people in this challenging time. The offer...

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Will India Become The Largest EV Market In The World By 2030?

By : Sustainability ..., Apr 14, 2020

The future of mobility is clean and sustainable and it is only a matter of time that India makes a bigger splash in the global green mobility market. The World Economic Forum and Ola Electric highlighted that the Indian automobile industry is one of the fastest-growing...

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