Mahindra to Invest ₹12,000 Crore for EV Unit
The company also announced an extension to the investment timeline for British International Investment (BII). BII, a UK-based investor, had previously committed to investing up to ₹1,925 crore in MEAL.
Tesla Eyes India for Electric Vehicle Factory
The potential plant is estimated to cost between $2 billion and $3 billion. The report, citing sources familiar with the plans, suggests Tesla is focusing on established automotive hubs in Maharashtra, Gujarat, and Tamil Nadu.
Xiaomi Electrifies the EV Market: SU7 Debuts with 90,000 Orders in 24 Hours
The SU7 boasts impressive features, including a claimed range of up to 800 kilometres on a single charge and a 0-to-100 km/h acceleration time of a mere 2.78 seconds. The top speed is 265 kilometres per hour.
Tata Electric Vehicle Unit Gears Up for $1-2 Billion IPO
This follows TPEML’s successful securing of $1 billion in funding from TPG in January 2023 as part of its ambitious $2 billion investment plan for the EV segment by 2026.
“Tesla Killer” BYD to Launch Seal EV; Tata Motors Reduces EV Prices
The Seal EV joins BYD’s existing electric vehicle lineup in India, which includes the Atto 3 electric SUV and e6 MPV
Sajjan Jindal’s JSW to Invest Rs 40,000 cr in Odisha to Set Up EV Plant
This endeavor includes the establishment of a 50 GWH EV battery plant, EV manufacturing facilities, a lithium refinery, a copper smelter, and ancillary component production units.