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MG Motors targets expansion to 3-lakh units with fresh investment for India

By : Sustainability ..., Jan 24, 2020

Buoyed by the massive response to its first product Hector SUV and massive pre-booking to its electric car ZS EV, M G Motor India expects to reach optimum utilization at Halol plant by producing one lakh units by next years, and eyeing new segments to expand its footprint in...

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Hero Cycles targets 5% of global e-bike market

By : Sustainability ..., Jan 20, 2020

Bicycle major Hero Cycles is riding on its overseas acquisitions to plan carve out a 5% share of the global electric bikes market. The company which has recently acquired a strategic stake in German premium e-bike manufacturer HNF Group — together with German investment trust...

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Mercedes-Benz launches EQ brand in India

By : Sustainability ..., Jan 16, 2020

Mercedes-Benz India on Tuesday announced its entry in the electric space in the domestic market with the launch of its EQ brand. The luxury car maker plans to come out with its first full electric vehicle EQC in April.

The launch of EQ brand underlines Mercedes-Benz...

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EV makers target delivery, logistics firms to widen market

By : Sustainability ..., Jan 16, 2020

Electric vehicle makers are seeing traction in selling to ecommerce players, last-mile delivery providers and third-party logistics companies in a step to widen market access for green energy products, before they could make a dent in the passenger segment in the country....

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Volvo to launch its first electric vehicle in India in 3 years

By : Sustainability ..., Jan 13, 2020

Swedish luxury car company Volvo will launch its first fully electric car, the XC40, in India in late 2021 or early 2022, a company official told Moneycontrol. Built on the compact modular architecture platform (CMA), the XC40 is presently sold in India with a petrol engine....

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Global NEV market to grow to $567,299.8 million by 2025

By : Sustainability ..., Jan 10, 2020

Globally the new energy vehicle (NEV) market will grow to $567,299.8 million by 2025 at a CAGR of 22.3 per cent, claims a study by Market Insights Reports. The NEV market across the world was valued at $118,864.5 million in 2017. The new energy vehicles include not only...

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Mercedes to showcase EQ electric vehicle in India on January 14

By : Sustainability ..., Jan 9, 2020

Mercedes-Benz will introduce its EQ electric car brand in India on January 14, 2020, with the close-to-production version of the EQC SUV at the event; a production-ready model is expected to launch later in the year, making it Mercedes' first all-electric model in India. For...

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Fisker Confirms Its 480 Km Range Ocean Electric SUV Will Launch In India

By : Sustainability ..., Jan 8, 2020

Fisker Inc, a company known for its state-of-the-art electric vehicles, is in the limelight again with the launch of its Ocean electric SUV prior to the CES 2020. With its debut appearance in 2018, the electric SUV garnered a lot of attention over the years and is now finally...

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China's Great Wall revs up for India as rivals hit the brakes

By : Sustainability ..., Dec 20, 2019

Chinese automakers Great Wall Motor and Changan Automobile are accelerating plans to build cars in India after the initial success of rival SAIC Motor in one of the world’s biggest markets, three sources said. Great Wall, one of the biggest sellers of sports-utility vehicles...

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EV market seen growing 36 per cent annually till 2026

By : Sustainability ..., Dec 13, 2019

The domestic electric vehicle (EV) market is projected to grow 36 percent annually between 2019 and 2026 as the market has gained traction following the implementation of the second phase of the EV incentives scheme in April. Under the government's ambitious Fame (Faster...

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