In an effort to cut costs amid growing losses and market share decline, Ola Electric Mobility Ltd. is automating operations and laying off around 1,000 employees. This move follows a similar downsizing in Nov 2024.
Tesla is moving closer to its India launch by finalising an agreement for its first showroom in Mumbai's Bandra Kurla Complex (BKC), where it will occupy 4,000 square feet of space and pay a high lease rent of Rs 35 lakh per month.
The Indian government is planning to announce the new EV policy aimed at encouraging global EV manufacturers to invest in India by significantly lowering import duties from 110% to 15%.
A Rajasthani man fries kachori by heating the oil in the pot with a battery-operated induction cooker, hooked to the EV battery. Netizens react to the viral video.
After putting its investment plans on hold earlier this year, Tesla is now in talks with DLF, India's biggest property developer, to secure space in the capital region.
Founded in 2020, Tobor is a Gurugram-based EV charging solutions company that has recently bagged significant funding from Peter Norwood. Peter is a well-known serial entrepreneur from the US and also the former Google Engineering Director.
Chennai-based EV startup Raptee.HV launched India’s first high-voltage Electric Motorcycle T 30 compatible with Car charging stations. It can compete with traditional 250-300 cc ICE counterparts by producing significantly less heat.
River Mobility Ltd, a Bengaluru-based EV startup, plans to invest ₹1,000 crore in a new 25-50 acre facility in South India, producing 5 lakh vehicles annually.