Ionage Spearheads Integration Of 100,000 EV Chargers ;FAME 2 Subsidy Expiry Drives 9.12% Surge In Electric Two-Wheeler Sales and More...
Ionage, a prominent eMobility service provider headquartered in Bengaluru, is actively engaged in integrating a network comprising over 100,000 EV chargers into its roaming platform. The primary objective of this endeavor is to enable more than 10,000 Small and Medium Businesses (SMBs) to venture into the EV charging sector by 2028.
In March 2024, the Indian Auto Retail sector experienced modest growth of 3.14% YoY, reported Mr. Manish Raj Singhania, FADA President. Noteworthy increases of 5% and 17% were observed in the two-wheeler (2W) and three-wheeler (3W) segments, respectively. However, passenger vehicles (PV), tractors (Trac), and commercial vehicles (CV) faced declines of 6%, 3%, and 6%, respectively.
Popular Vehicles & Services Ltd (PVSL), a leading fully integrated automotive dealership player in India, has released its financial results for the quarter and nine months ended December 31, 2023.
Amitabh Kant, the G20 Sherpa and former CEO of NITI Aayog, underscored the urgent need for India to fully transition its two-wheeler and three-wheeler sectors to electric vehicles (EVs) by 2030, with the aim of establishing the country as a dominant force in global EV manufacturing, reports ANI. Kant’s statements, made on Saturday, marked a bold call to action for India to pivot away from fossil fuel-dependent combustion engines, which he referred to as “dead,” towards a future powered by electric mobility. Highlighting the significant economic impact of the automotive sector, which contributes 7% to India’s GDP, 35% to its manufacturing GDP, and 8% to its total exports, Kant pointed out India’s position as the third-largest auto market globally.
AutoNxt , a pioneering technology start-up specializing in high-torque electric powertrains and off-road autonomous technologies, has announced the successful closure of its Pre-Series A funding round. Saama led the investment, with contributions from notable investors including Amit Singhal, former head of Google’s search division, and Suveer Sinha, India Head for KKR Capstone, among others.