LIC Takes Rs 40K Crore Hit on Valuation
An executive said that Life Insurance Company of India (LIC) had taken a Rs 40,000 crore hit to its valuation as stocks continue to fall...
Tag : electric vehicles
Sony, Honda Sign Joint Venture to Sell Electric Cars by 2025
On Thursday, Japan’s Sony and Honda formally agreed to form an equally owned joint venture that will begin selling electric vehicles in 2025. Like bigger...
Shriram Transport Finance Raises $250 Million From DFC
Shriram Transportation Finance Corporation (STFC) said on Thursday that it had secured $250 million in long-term funding from the US International Development Finance Corporation (DFC)....
Govt Considers Cutting Lithium-Ion Battery Tax to Boost EV Development
According to a Mint report, the government may lower the goods and services tax (GST) on lithium-ion batteries and bring it down to the same...
Zyngo To Deploy More Than 18K EVs for Last-Mile Deliveries by This Fiscal-End
Zyngo, a technology-enabled third-party logistics service provider, said it would deploy more than 18,000 electric vehicles in the country for last-mile deliveries as part of...
Attero to Spend $1 Bn Over 5 Years on Battery Recycling Plants
Attero Recycling Pvt Ltd plans to invest $1 billion within five years, which has to build a lithium-ion battery recycling plant in Europe, the US...
US Plans Semiconductor Alliance With Taiwan, South Korea, and Japan
The US has proposed a semiconductor industry alliance between the United States, Taiwan, South Korea, and Japan to stop China from gaining dominance in the...
Zetwerk Raises Rs 895 Crore in New Round
Zetwerk has raised around Rs 895 crore ($120 million) as part of its Series E funding round, catapulting it into the coveted unicorn club. Zetwerk’s...
Ola to Launch Electric Scooters on August 15
Ola electric scooter will be launched on August 15 on Independence Day, founder Bhavish Aggarwal said. “Thanks to all who have pre-booked our scooter! Planning...
Honda Testing Battery Pack For Powering Electric Rickshaws
Honda Motor Company is testing a mobile battery pack used for powering electric rickshaws in India as part of its project on swappable battery technology...