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Vietnam's VinFast to set up $500 million EV facilities in India Vietnamese electric vehicle (EV) maker VinFast signed an agreement on Saturday to set up its first manufacturing facilities in India, as the ambitious company seeks to penetrate the world's third-largest vehicle market. VinFast and the southern state of Tamil Nadu agreed to work toward an investment of up to $2 billion, with an intended commitment of $500 million for the first five years of the project, according to a joint statement. Construction on the project's EV and battery...
Vietnam's VinFast to set up $500 million EV facilities in India
Vietnam's VinFast to set up $500 million EV facilities in India
Source: Reuters
2024-01-06 05:02:24 pm
EV maker Lohia Auto to launch high speed scooters, new three-wheeler  Launching high speed scooters and a new passenger carrying three-wheelers, expanding dealer network are what electric two- and three-wheeler maker Lohia Auto Industries Ltd is planning, said a top company official. The increased sales volumes will give the company economies of scale and in turn cut down the overall costs. He also hopes that the Indian government extends the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II subsidy scheme beyond March 2024 and does n...
EV maker Lohia Auto to launch high speed scooters, new three-wheeler
EV maker Lohia Auto to launch high speed scooters, new three-wheeler
Source: IANS
2023-11-10 10:11:05 am
Indian e-scooter maker Ather readies new models and exports after subsidy cuts Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles.India's electric scooter market is small but growing, with e-models accounting for 5% of total scooter and motorcycle sales in the last fiscal year against a government target of 70% by 2030.But in a surprise move in May, the government, without explanation, sla...
Indian e-scooter maker Ather readies new models and exports after subsidy cuts
Indian e-scooter maker Ather readies new models and exports after subsidy cuts
Source: Reuters
2023-09-19 10:56:53am