Category: Automotive

Mahindra lines up new products; firms up investments for electric future

Mahindra & Mahindra is lining up new products and investments while firming up production plans as it remains “very optimistic” about gradual evolution of electric vehicle penetration in the country over the next few years. According to a senior company official, the Mumbai-based automajor expects transition towards electric mobility to happen step wise with fleet […]

India’s electric vehicle boom is built on mopeds and rickshaws, not Teslas

In the United States, luxury-car buyers are snapping up Teslas and other electric cars that cost more than $60,000, and even relatively cheap models cost more than $25,000. In India, those are all out of reach of the vast majority of families, whose median income is just $2,400. But an electric vehicle movement is taking […]

Toyota Motor to invest $5.3 billion in Japan and US for EV battery supply

Toyota Motor Corp will invest up to 730 billion yen ($5.27 billion) in Japan and the United States towards supplying automotive batteries for battery electric vehicles, the Japanese automaker said on Wednesday. The firm aims to begin battery production between 2024 and 2026 with an investment intended to augment battery production capacity in both the […]

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