The company has also announced its theme for the upcoming Auto Expo 2023 - "Beyond Mobility World”
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As EV purchases increase nationwide, so will the demand for EV insurance. Like ICE vehicles, electric vehicles also require insurance to operate on Indian roads
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The company says we have increased our revenue share from Battery Electric Vehicles (BEVs) from 1.3 per cent in FY19 to 25 per cent in FY22. In absolute terms, it has grown 28 times to INR 5.0bn
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In addition, once these 2nd life modules reach end of life, Lohum offers a buy-back guarantee to recycle them through its hydromet plant
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REIL, the state-owned company will procure the chargers from Statiq and install them across 4 highway projects
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Lectrix EV has established EV financing tie-ups with IDFC Bank, RevFin Securities, Shriram Finance, Eduvanz, and Loan Tap. These companies will also provide instant loan approval for buying LXS
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Cumulative sales (Domestic + Exports) stood at 1,34,667 units
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The automotive aftermarket division is responsible for the spare parts’ business of the Schaeffler India and delivers innovative repair solutions meeting the highest quality standards
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Tesla sold 1.3 million vehicles but failed to meet the expected number
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Audi approved:plus sales grew by 62 per cent and increased the approved:plus facilities from 14 to 22 in 2022
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