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Sales volume of EVs important than subsidy for localisation of parts: Maruti MD Kenichi Ayukawa

By : Sustainability ..., May 16, 2019

Sales volume of electric vehicles is more important than subsidy for localisation of parts and the automobile industry must find ways on how to generate demand across segments, Maruti Suzuki...

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Ola bags $300 million from hyundai and kia for mobility solutions and electric vehicles venturebeat gas x directions

By : Sustainability ..., Apr 22, 2019

As part of the investment, Ola said the companies will also work on improving local infrastructure in India and building electric vehicles for the nation, as well as developing solutions to...

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Tesla likely to enter India by 2019-2020

By : Sustainability ..., Mar 19, 2019

 Elon Musk isn’t giving up on bringing Tesla to India. “Would love to be there this year. If not, definitely next!” Tesla’s billionaire chief executive officer said in a Twitter post, nearly 10 months after he blamed restrictive policy for delaying the carmaker’s entry into...

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No proposal from Centre to invest in e-bus manufacturing

By : Sustainability ..., Dec 14, 2018

The government has no proposal to invest in manufacturing of electric buses as automobile is a deregulated sector wherein both private and public sectors are free to invest, Parliament was...

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Mahindra to invest ₹1,000 crore by 2020 for electric vehicles

By : Sustainability ..., Nov 16, 2018

Mahindra and Mahindra Ltd on Wednesday unveiled plans to invest as much as ₹1,000 crore in Karnataka to build a facility for the development and manufacturing of electric vehicles (EVs)....

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Olectra-BYD to invest Rs 700 crore for electric buses in Uttarakhand

By : Sustainability ..., Oct 12, 2018

Electric vehicle manufacturer Olectra-BYD Thursday said it has signed an agreement with Uttarakhand government to deploy 500 AC Electric Buses in the state with an investment of Rs 700 crore. As...

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Honda to invest Rs 9,200 crore to set up hybrid, electric vehicles plant in India

By : Sustainability ..., Oct 11, 2018

Japanese auto major Honda plans to invest Rs 9,200 crore to set up its third factory in India to produce hybrid and electric vehicles, the Times of India reported adding that this is going to be...

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