ev news india

EV Sales crossed 1.18 million in India, up 148% from last year.

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India is currently witnessing a surge in EV adoption. Electric Vehicle sales constituted 5% of the total automobile sales in the country. Out of the total EV sales, majority have been contributed by two wheeler and three wheeler sales. According to Government’s Vahan website electric two wheeler sales stood at 86,136 units, electric three wheeler … Read more

Mahindra’s new EV unit to receive 600 crore investment from IFC group.

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The World Bank Group arm IFC has invested Rs.600 crore in last-mile mobility(LMM) company, a subsidiary of of Mahindra & Mahindra, which will be newly incorporated (NewCo.). The NewCo will house three wheelers which are Alfa, Treo, Zor and four-wheeler like SCV (Jeeto). According to press release, “IFC’s first investment in an EV manufacturer in … Read more