Asia-Pacific to remain largest market for EV charging connector in 2023
PORTLAND, 7 July 2023: The global electric vehicle (EV) charging connector market is expected to reach USD 273.2m by 2032, growing at a CAGR of 17.0% from 2023 to 2032…..
Category: India
The Indian electric vehicle market is growing rapidly. In 2022, sales of electric vehicles in India reached 300,000, up from 130,000 in 2021. The government of India has set a target of achieving 30% electric vehicle sales by 2030.
Battery Smart’s new funding to help it expand to 25 cities in India
NEW DELHI, 7 July 2023: Battery Smart, a Battery swapping network has raised USD 33m in a pre-Series B funding round led by existing investors Tiger Global and Blume Ventures…..
The future of battery swapping in India: What to expect
MUMBAI, 6 July 2023: The battery swapping policy, which was proposed by the Indian government to make electric vehicle (EV) charging quick and convenient, seems to have been stuck in….
India poised for significant growth in EV market with continued support from government and advancement of technology
NEW DELHI, 5 July 2023: The Indian electric vehicle (EV) market is expected to grow from USD 5.15bn in 2022 to USD 14.9bn in 2028, registering a CAGR of 19.81%…..
High tech Tresa Motors launches India’s first electric truck for global markets
BENGALURU, 3 July 2023: Tresa Motors has unveiled its first electric truck, the Model VO.1, based on its axial flow motor platform: FLUX350. The launch of the Model VO.1 is….
9,000 Petrol pumps in India now offer EV charging services
NEW DELHI, 3 July 2023: The number of petrol pumps in India offering electric vehicle (EV) charging services has increased significantly in recent months. According to data from the Ministry….
Tata Motors’ EV sales soar 66% in May, nears 6,000 units
MUMBAI, 2 July 2023: Tata Motors, India’s largest automaker, reported a 66% increase in electric vehicle sales in May 2023, selling 5,805 units domestically and internationally. This is the second….
Oben Electric’s pre-series A funding to help accelerate its growth
INDIA, 1 July 2023: Bengaluru-based electric vehicle (EV) startup Oben Electric has raised INR 40 crore in an extended pre-series A round, taking its total funding to INR 88 crore…..
Punjab to set up now dedicated EV fund to help finance purchase of EVs
INDIA, 26 June 2023: The Punjab government has announced an INR 300 crore incentive scheme to promote the adoption of electric vehicles (EV) in the state. The scheme will cover….
India electric vehicle market to soar to USD 113.99bn by 2029
PUNE, 26 June 2023: The India electric vehicle market is expected to grow at a CAGR of 66.52% from 2022 to 2029. The market is being driven by the rising….