Lohia Auto plans to sell over 10,000 EV rickshaws in FY 2024-25, backed by a Rs 200 million investment in R&D, infrastructure, and new product development. The company is expanding its dealer network, localising production, and aligning with government initiatives to meet diverse urban and rural mobility needs
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The full potential of the shared mobility space is still untapped within the travel and car rental ecosystem and can evolve further just like we’ve seen in e-commerce, food commerce, home rentals, and more, says Hiroshi Nishijima, CEO of Zoomcar
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The trial covers a 332 km stretch from Chennai to Trichy including electric, hydrogen, and zero-emission freight vehicles for the first time, in addition to electric SUVs and buses tested in previous trials
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Deliveries to be completed within next 24 months
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Ola Electric, India's top electric two-wheeler manufacturer, saw a 20 per cent surge in its share price on its stock market debut, reaching a market capitalization of Rs 38,000 crores despite facing recent challenges in the EV sector.
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New platforms aim to simplify charging, repurpose batteries, educate consumers, and enhance in-car connectivity; company also hints at upcoming affordable EV
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Last year, the company announced an investment of about Rs 3,300 crore for a new third plant at its Bidadi facility in Karnataka.
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