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EV sector's 2.0 transition sees slew of upgrades, but subsidy dependence stays In the Indian automotive sector, the electric vehicle segment seems to be the happening one with traditional EV makers and newer ones jumping in with great vigour. So much so, the Chennai-based conglomerate Murugappa group that had launched and closed production and sales of electric two-wheelers several years back -- through BSA Motors -- has re-entered the EV segment. The group's flagship company Tube Investments of India Ltd through its subsidiary TI Clean Mobility has announced ...
EV sector's 2.0 transition sees slew of upgrades, but subsidy dependence stays
EV sector's 2.0 transition sees slew of upgrades, but subsidy dependence stays
Source: IANS
22/01/2023 2:40:08 PM
Hyundai Motor India gears up to lead 'pump-to-plug' revolution  As the electric vehicle (EV) four-wheeler segment gets charged up with some fresh offerings in the New Year, Hyundai Motor India Ltd (HMIL) said they are aiming to bring a "pump-to-plug" revolution in the country, showcasing its global technology and product strength, and will launch a complete range of innovative EV in the market by 2028. The automaker has announced an investment of Rs 4,000 crore towards developing six electric vehicles in India by 2028. "Hyundai ...
Hyundai Motor India gears up to lead 'pump-to-plug' revolution
Hyundai Motor India gears up to lead 'pump-to-plug' revolution
Source: IANS
22/01/2023 2:29:18 PM
Firefighting daily to stop EV adoption being derailed: Hero Electric CEO  EV market leader Hero Electric is super excited at the government's push towards EV adoption, but needs to fire-fight every day to neutralise the forces that come with hidden agenda to derail the EV adoption, according to its CEO Sohinder Gill. Gill told IANS that the intent of the government is clear and very positive on EV penetration, and the company is hell-bent to help the Centre achieve its target. "However, issues that hinder the pace of growth do crop up during th...
Firefighting daily to stop EV adoption being derailed: Hero Electric CEO
Firefighting daily to stop EV adoption being derailed: Hero Electric CEO
Source: IANS
22/01/2023 2:20:50 PM
Hero Electric to set up Rs 1,200 cr EV plant in Rajasthan Electric two wheeler maker Hero Electric on Monday said it will set up a Rs 1,200 crore two million units per annum mega electric vehicle (EV) manufacturing hub in Rajasthan. The company said it has signed a Memorandum of Understanding (MoU) with the state government at the Invest Rajasthan summit. According to the company, the proposed unit will be located at Salarpur industrial region over 170 acres and start production by the end of of 2023. "This mega manufacturing facility ...
Hero Electric to set up Rs 1,200 cr EV plant in Rajasthan
Hero Electric to set up Rs 1,200 cr EV plant in Rajasthan
Source: IANS
26/09/2022 11:53:35 AM
Hero Electric sells record over 10K EV 2-wheelers in a month, Ola Electric falters Hero Electric once again led the Indian electric vehicle (EV) two-wheeler segment in August, selling a record and highest-ever 10,476 vehicles in one month, followed by Okinawa Autotech at 8,554 vehicles, the latest government VAHAN data has revealed. Hero Electric had sold 8,954 EV two-wheelers in July while Okinawa Autotech had sold 8,096 two-wheelers. Bhavish Aggarwal-run Ola Electric sold 3,421 EV two-wheelers in August, a drop from 3,862 units the company sold in July, indicating t...
Hero Electric sells record over 10K EV 2-wheelers in a month, Ola Electric falters
Hero Electric sells record over 10K EV 2-wheelers in a month, Ola Electric falters
Source: IANS
1/09/2022 4:02:34 PM
Hero Electric, Jio-bp to boost 2-wheeler EV adoption, battery swapping infra In a bid to boost two-wheeler EV adoption and battery swapping infrastructure, Hero Electric is all set to partner with Jio-bp to strengthen mobility solutions for electric two-wheelers, the company announced on Thursday. The customers of Hero Electric are expected to get access to the widespread charging and swapping network of Jio-bp, which is also open to other vehicles. In addition to creating solutions for seamless customer journey on Hero Electric and Jio-bp apps, both the compani...
Hero Electric, Jio-bp to boost 2-wheeler EV adoption, battery swapping infra
Hero Electric, Jio-bp to boost 2-wheeler EV adoption, battery swapping infra
Source: IANS
25/08/2022 5:08:22 PM
Hero Electric sells close to 9K EV 2-wheelers in July, tops segment Hero Electric led the EV two-wheeler segment, selling 8,952 vehicles for the entire month, followed by Okinawa Autotech at 8,094 vehicles, the latest VAHAN data has revealed. Ather Energy sold just 1,279 EV two-wheelers for the full month of July from selling 3,829 vehicles in June -- a massive drop in numbers -- followed by Ola Electric which sold 3,852 vehicles from 5,891 vehicles in June. Ampere Vehicles Pvt Ltd, which sold 6,542 vehicles in June, saw a minor drop at 6,312 vehicles l...
Hero Electric sells close to 9K EV 2-wheelers in July, tops segment
Hero Electric sells close to 9K EV 2-wheelers in July, tops segment
Source: IANS
1/08/2022 4:33:16 PM
Ather Energy, Ola Electric see sharpest drop in Electric Vehicle 2-wheeler sales in July Hero Electric has piped Okinawa Autotech, Ola Electric and Ather Energy in selling maximum number of EV two-wheelers in the month of July, with Ather Energy and Ola Electric suffering biggest drop as customers delay purchasing EVs amid battery fire incidents and government probes. According to the latest VAHAN data, Ather Energy sold a mere 1,095 EV two-wheelers (till July 30) from 3,829 in June, registering the biggest drop among the EV manufacturers. The Bhavish Aggarwal-run Ola Elect...
Ather Energy, Ola Electric see sharpest drop in Electric Vehicle 2-wheeler sales in July
Ather Energy, Ola Electric see sharpest drop in Electric Vehicle 2-wheeler sales in July
Source: IANS
30/07/2022 2:24:06 PM
Cholamandalam Investment and Finance Company gains on teaming up with Hero Electric Cholamandalam Investment and Finance Company is currently trading at Rs. 681.00, up by 4.30 points or 0.64% from its previous closing of Rs. 676.70 on the BSE. The scrip opened at Rs. 672.10 and has touched a high and low of Rs. 683.10 and Rs. 665.00 respectively. So far 22701 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 770.05 on 26-Apr-2022 and a 52 week low of Rs. 469.75 on 20-Dec-2021. Last one week high ...
Cholamandalam Investment and Finance Company gains on teaming up with Hero Electric
Cholamandalam Investment and Finance Company gains on teaming up with Hero Electric
Source: Accord Fintech
31/05/2022 3:39:08 PM
Hero Electric, Bolt to set up 50K EV charging stations across India Electric two-wheeler company Hero Electric on Wednesday announced that it has partnered with EV infrastructure provider Bolt to set up 50,000 charging stations in India in the next one year. As part of the collaboration, Bolt chargers will be installed in more than 750 Hero Electric's touch points across India benefitting over 4.5 lakh customers. Furthermore, around 2,000 Hero Electric riders will avail free of cost Bolt charging units set up at their homes. "We are delighted t...
Hero Electric, Bolt to set up 50K EV charging stations across India
Hero Electric, Bolt to set up 50K EV charging stations across India
Source: IANS
20/04/2022 4:48:07 PM
Hero Electric partners with SUN Mobility to deploy 10K e-2Ws in 2022-23 Hero Electric on Monday announced its new partnership with SUN Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), to deploy electric two-wheelers integrated with the latter's smart-swappable battery technology. As part of the partnership, Hero Electric and SUN Mobility will start the deployments in the next three months with a target of around 10,000 electric two-wheelers by the end of this year. "Battery swapping has also been decla...
Hero Electric partners with SUN Mobility to deploy 10K e-2Ws in 2022-23
Hero Electric partners with SUN Mobility to deploy 10K e-2Ws in 2022-23
Source: IANS
7/03/2022 4:39:05 PM
Axis Bank inches up on partnering with Hero Electric Axis Bank is currently trading at Rs. 803.65, up by 3.90 points or 0.49% from its previous closing of Rs. 799.75 on the BSE. The scrip opened at Rs. 799.00 and has touched a high and low of Rs. 804.00 and Rs. 792.85 respectively. So far 67932 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 866.60 on 25-Oct-2021 and a 52 week low of Rs. 626.40 on 12-Apr-2021. Last one week high and low of the scrip stood at Rs. 8...
Axis Bank inches up on partnering with Hero Electric
Axis Bank inches up on partnering with Hero Electric
Source: Accord Fintech
4/02/2022 10:24:43 AM
Shriram City Union Finance moves up on inking pact with Hero Electric Shriram City Union Finance is currently trading at Rs. 1814.50, up by 13.70 points or 0.76% from its previous closing of Rs. 1800.80 on the BSE. The scrip opened at Rs. 1794.05 and has touched a high and low of Rs. 1821.40 and Rs. 1789.75 respectively. So far 124 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2600.00 on 14-Sep-2021 and a 52 week low of Rs. 975.05 on 28-Jan-2021. Last one week high and low of t...
Shriram City Union Finance moves up on inking pact with Hero Electric
Shriram City Union Finance moves up on inking pact with Hero Electric
Source: Accord Fintech
14/01/2022 10:50:22 AM
Hero Electric joins Log 9 Materials for 15-minute EV charging Hero Electric on Tuesday announced a partnership with Bengaluru-based battery technology startup Log 9 Materials, to offer its battery packs for the entire range of EVs. The integration of Log 9's 'RapidX' batteries can fully charge Hero Electric 2W within 15 minutes. Log 9 has tested its RapidX batteries through a series of pilots across multiple B2B fleet operators such as Amazon, Shadowfax, Delhivery, Flipkart and BykeMania, etc. "Our InstaCharge batteries on Hero ve...
Hero Electric joins Log 9 Materials for 15-minute EV charging
Hero Electric joins Log 9 Materials for 15-minute EV charging
Source: IANS
14/12/2021 2:41:40 PM
Key News - Jubilant Ingrevia Ltd, Mindtree, Hero Electric, Axis Bank By ARETE Securities Key News Restructuring plan: Ford India talks up compensation with dealer partners Ford India on Wednesday met its principal dealers to work out a compensation formula as it prepares to exit India's automobile market as part of a restructuring it announced on September 9. Most of the company's 170 dealers signed a non-disclosure agreement – a precondition set by the company to start negotiations. The day-long meeting hosted by Anurag Mehrotra, Ford India managing director,...
Key News - Jubilant Ingrevia Ltd, Mindtree, Hero Electric, Axis Bank By ARETE Securities
Key News - Jubilant Ingrevia Ltd, Mindtree, Hero Electric, Axis Bank By ARETE Securities
Source: ARETE Securities Ltd
23/09/2021 10:01:20 AM
Hero Lectro partners with Swiggy for food delivery Hero Lectro Cargo (HLC) and online food delivery platform Swiggy have partnered to pilot the deployment of cargo e-bikes for the use case of last-mile food delivery. Swiggy, which has already been planning to include EVs in its fleet, will be utilising Hero Lectro's WINN, a purpose-built e-bike, in a bid to optimise efficiency, cost and reduce carbon footprint by going green, said a statement by Hero Lectro Cargo. Starting August, Swiggy in association with Fast Despatch Logistics (...
Hero Lectro partners with Swiggy for food delivery
Hero Lectro partners with Swiggy for food delivery
Source: IANS
6/08/2021 9:34:07 AM