High on the launch of the new Apache RR 310, TVS Motor Company has pulled another surprise and has invested in a new electric vehicle start-up. According to the filing with the Bombay Stock Exchange (BSE), TVS has bought a 14.78 per cent stake for Rs. 5 crore in Ultraviolette Automotive Pvt. Ltd, a Bengaluru-based startup working on electric two-wheelers and energy infrastructure.
The two companies aim to combine the Nissan Intelligent Mobility vision, through technological assets in autonomous driving, vehicle electrification and connected cars, with DeNA's experience in developing and operating driverless mobility services using its expertise in the internet and artificial intelligence. The mobility service will be launched in Yokohama, Japan in March 2018
The PSA-Nidec venture is expected to have a production capacity of 900,000 motors per year from 2022, he said.The market for electric vehicle motors is expected to double to 45 billion euros ($53 billion) over the next two decades
Elon Musk's famed Tesla cars are long awaited in India, and while the american electric car maker is yet to draw plans for its official entry in the country, someone has decided to privately import its offering instead. Going by the images emerged on the internet, India has received its first ever Tesla Model X SUV from the US.
Tata Motors today rolled out the first batch of the Tigor Electric Vehicle (EV) from the company's Sanand plant in Gujarat. The cars are a part of the 10,000 electric cars that the company is making for the Energy Efficiency Services (EESL) tender.
China is pushing automakers toward electric and hybrid petrol-electric vehicles, setting tough quotas for NEVs that come into play in 2019, and has signalled a longer-term shift away from traditional internal combustion engine cars.
The first vehicle based on the new modular electric drive kit (MEB) is to be the compact all-electric Volkswagen I.D., which is to roll off the production line at the Zwickau plant in Saxony from the end of 2019.
