JBM and Eka Mobility will acquire up to 2,000 e-buses and Tata Motors to purchase up to 2,000 EVs from Macquarie platform Vertelo.
After announcing the deal with OLA Electric, Pavna Industries Ltd witnessed a 4.99% surge in its shares.
Apart from EV price reduction, the stock of Tesla has plummeted by more than 40% year-to-date.
Hyundai Motor estimates that the 174-MW EV plant deal will reduce 140,000 tonnes of carbon emissions annually.
The expected price of Kia EV2 is around Rs 12-12.5 lakh, making it the most affordable Kia EV on launch.
Before Elon Musk visit to India, the government allowed 100% FDI in certain space sectors.
Switch Mobility IeV 4 is an intelligent e-LCV with a 32.2 kWh battery and 120km range.
The alliance includes member companies, including ChargeZone, Pulse Energy, Kazam, Sheru, Trinity and Turbo.
Tesla CEO Elon Musk to visit India during the week starting April 22 to meet PM Modi and make big announcements.
From 2024 to 2028, the EV China market might see a consistent 5.69% annual growth, projecting a market volume of US$398.0bn.