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business-standard.com-standard.com

Cars24 August GMV rises 37% to???937 crore, net revenue grows 46% | Company News

3+ day, 23+ hour ago   (319+ words) Monthly performance translates into annualised transaction GMV run-rate of around Rs 11,000 crore; adjusted net revenue run-rate crosses Rs 2,000 crore Used-car platform Cars24 reported transaction gross merchandise value (GMV) of Rs 937 crore in August, up 37 per cent year-on-year and 11.1 per cent sequentially,…...

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Greaves overtakes Ola Electric, enters top five E2W makers in September | Company News

4+ day, 2+ hour ago   (479+ words) Greaves Electric Mobility recorded 2,645 registrations and a 4.6 per cent market share in the first nine days of September, moving ahead of Ola Electric...

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business-standard.com-standard.com

Ultraviolette plans ₹779 crore Tamil Nadu plant as EV demand surges

4+ day, 8+ hour ago   (390+ words) Indian electric motorcycle maker Ultraviolette Automotive plans to invest ₹779 crore ($81.93 million) in a new plant in the southern part of ​the country to expand manufacturing capacity and support its entry into ​the mass-market segment. Concerns over the compatibility of older…...

@bsindia
business-standard.com-standard.com

Rural India drives two-wheeler demand, but petrol retains 94% share | Auto

4+ day, 20+ hour ago   (44+ words) Rural India accounts for 55% of 2W registrations, but EV penetration is nearly half that in cities Rural India drives two-wheeler demand, but petrol retains 94% share Rural India accounts for 55% of 2W registrations, but EV penetration is nearly half that in cities...

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New Study Strengthens the Case for EVs, But India's Buyers May Need More than that

6+ day, 10+ hour ago   (579+ words) Gurugram (Haryana) [India], September 8: A new study strengthens the case for EVs on emissions. But in India, the winning argument may be less about saving the planet and more about making electric cars genuinely easy and appealing to own. A…...

@bsindia
business-standard.com-standard.com

Ather eyes 150-300cc electric motorcycle, launch likely in three years

6+ day, 20+ hour ago   (64+ words) The company was still working out the exact product and believes understanding what motorcycle buyers want is much more important than any technological challenges Ather eyes 150-300cc electric motorcycle, launch likely in three years The company was still working out the…...

@bsindia
business-standard.com-standard.com

Blended finance, leasing models needed to boost e-truck adoption: Gauba

6+ day, 22+ hour ago   (178+ words) Niti Aayog member Rajiv Gauba said high financing costs, fragmented logistics operations and lack of coordinated corridor planning were holding back e-truck adoption Niti Aayog member Rajiv Gauba on Monday called for blended finance mechanisms, leasing models and stronger data…...

@bsindia
business-standard.com-standard.com

India's battery industry to generate up to 2 mn jobs by FY30: Adecco India

1+ week, 5+ hour ago   (446+ words) The country's battery industry is expected to generate 1.5-2 million jobs by 2029-30 as it enters its most capital- and employment-intensive phase, evolving from an assembly-and import-dependent sector into a fully integrated cell-to-recycling industrial ecosystem, talent company Adecco India said. India's battery…...

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business-standard.com-standard.com

India's automobile retail sales hit record August high

1+ week, 6+ hour ago   (153+ words) business-standard.com Indias automobile retail sales hit a record high for August at 24.23 lakh units, rising 18% year-on-year, according to the Federation of Automobile Dealers Associations (FADA) Growth was led by construction equipment at 31.45%, followed by 2Ws at 19.69%, PVs at 16.14%, CVs at…...

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Ola Electric to raise funds up to Rs 1,500 crore via equity route

1+ week, 9+ hour ago   (192+ words) Ola Electric Mobility said that its board has approved a proposal to raise funds for an aggregate amount not exceeding Rs 1,500 crore through one or more equity-based fundraising mechanisms. Offering further details, the company said that the funds would be…...