Three Wheels United says the new investment will be used towards entry into new geographies in India and international markets & for strengthening operations and enhancing TWU’s technology platform.
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It is our target to have 2,000 electric buses running on the roads in Delhi within the next one year, and our government is dedicating itself to work in this direction, said Delhi CM.
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Strict Covid-19 lockdowns in China have exacerbated supply chain disruptions and hurt auto production in one of the world's biggest markets.
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The revenue for the financial year 2021-22 stood at Rs. 8,313 crore as against Rs. 6,374 crore for FY21, registering a year-on-year growth of 30 percent.
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India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year, according to data released by the Ministry of Petroleum and Natural Gas.
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With growing awareness of climate change, the government launched multiple schemes to promote EVs. Currently, the sector is expected to reach $12 billion within the next five years. However, challenges related to battery quality & heating issues have placed the EV segment at an inflection point and to surpass this; the right policies, technological intervention and innovation are crucial.
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The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023.
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Many of the public charging stations are being arranged at metro stations to facilitate individuals who use each non-public automobiles and metro trains for each day commute, mentioned a Delhi Government official.
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