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EV demand surges in India as fuel prices rise; Maruti, Mercedes-Benz face delivery delays
Electric car demand is surging across India. Manufacturers are unable to meet this sudden rise, causing wait times of up to three months for popular models. This shift is driven by increased fuel prices. Companies like Maruti, Mercedes-Benz, and BMW are experiencing unprecedented interest in their electric vehicles. Supply chain issues are now limiting production more than customer interest.
Electric mobility key to long-term fight against air pollution: UNEP chief
A top UN official stresses electric mobility and mandatory vehicle emissions testing for long-term air pollution solutions. India's plan to phase out older commercial vehicles with cleaner alternatives is highlighted. Investment in clean public transport and cleaner cooking solutions is crucial. Addressing local pollution sources like construction dust and waste burning is also vital for a healthier future.
JBM Auto, Olectra Greentech shares gain 4% after Cabinet announces ₹5,041 crore to replace old trucks, buses in Delhi
Union Minister Ashwini Vaishnaw said the trucks and buses constitute a large source of pollution. The replacement scheme will phase out older buses with BS6 and electric vehicles.
Tata Motors, Mahindra lead the pack as EV sales surge 79%
India's electric car sales surged 79% in May. Tata Motors and Mahindra & Mahindra gained market share. Newcomer VinFast also saw growth. JSW MG Motor and Hyundai Motor experienced a decline. Higher fuel prices are driving consumers to electric vehicles. This trend shows sustained growth in the electric car sector.
EV demand charges ahead but supply runs low
India's electric car and two-wheeler demand has nearly doubled. High fuel prices are driving consumers to switch. This surge has created a significant demand-supply imbalance. Companies are struggling to meet orders. Suppliers face manpower shortages and supply chain disruptions. This is impacting production capacity for electric vehicles across the country.
Honda to drive in over 10 new models by 2030
Honda is set to introduce more than ten new models in India. This includes sports utility vehicles with petrol, hybrid, and electric powertrains. The company will launch its first electric vehicle in the latter half of the current financial year. Compact and mid-sized SUVs are also planned, with local manufacturing. India is a key market for Honda's future growth.
Tesla to establish sales and service centre in Hyderabad
Electric vehicle maker Tesla is preparing to open a sales and service centre in Hyderabad. Representatives met with Telangana's IT Minister D Sridhar Babu. The state government highlighted its strong ecosystem for electric vehicles and advanced technologies. This move signifies Tesla's expansion plans in India. The minister invited Tesla to explore further investment opportunities in Telangana.
Uber, JSW Group tie up to deploy EVs in India's ride-hailing market
Uber has allied with JSW Group to spearhead a new era of electric mobility in India, focusing on enhancing the ride-hailing experience through the integration of electric vehicles. This strategic partnership is being seen as pivotal in promoting the use of EVs across the nation.
Amazon Now to deploy 1,000 Eicher electric trucks
Amazon India is introducing 1,000 electric trucks for its Amazon Now service by 2028. Fifty trucks are already on the road. These vehicles will transport goods between fulfillment centers and micro-fulfillment centers. The initiative aims to support quick commerce operations across India, starting with key cities.
Iran war effect: Leading EV two-wheeler makers accelerate expansion amid petrol price worries
Major electric scooter companies are rapidly increasing production capacity. This expansion aims to meet a surge in demand for eco-friendly vehicles. Combined monthly output is expected to nearly double by the end of the fiscal year. This signals a shift towards mass-market adoption. Companies are navigating challenges while betting on strong future growth.
Global headwinds put electric bike companies on price hike path
Electric two-wheeler companies are feeling the pinch. Rising raw material prices and supply chain issues are impacting profits. Companies like Bajaj Auto, Hero MotoCorp, and Ather Energy are warning of price increases. Demand for AI infrastructure is also affecting the supply of crucial components. Consumers may see higher prices for electric vehicles soon.
Petroleum Ministry says fuel, LPG stocks adequate amid global supply disruptions; urges citizens to conserve energy
India's Petroleum Ministry confirms stable fuel supplies despite global energy challenges. Crude oil inventories are secure, refineries operate at peak capacity, and no fuel shortages are reported nationwide. The government urges citizens to conserve fuel by using public transport, carpooling, and opting for electric vehicles. These measures aim to ease the nation's economic burden and reduce import dependence.