Tata Motors rolls out first batch for govt
TVS buys stake in EV startup
Two-wheeler maker TVS has bought a 14.78% stake in Ultraviolette Automotive, a Bengaluru-based startup working on electric two-wheelers and energy infrastructure. The transaction was valued at a little over Rs 5 crore.
Karnataka’s plan for electric vehicles
The Karnataka government will soon unveil its action plan for its electric vehicle and energy storage policy for electric mobility in Bengaluru. Karnataka’s Rs 31,000 crore EV plan aims to create 55,000 jobs. Meanwhile, a Chinese company has proposed to make ebuses for Bengaluru’s roads.
Hyundai to enter EV market with Ioniq brand
Hyundai is expected to showcase its Ioniq hybrid and electric cars at the Auto Expo 2018 – scheduled to be held in February.
Beer firm orders 40 Tesla trucks
Soon Budweiser orders might be shipped by Tesla’s Semi trucks, as Anheuser-Busch – the maker of Budweiser beer – has reserved 40 of Elon Musk’s all-electric trucks. The company claims the order is one of the largest placed for the trucks since reservations were opened on Nov. 17.
China to extend EV tax rebate
China will extend a tax rebate on the purchase of new-energy vehicles through 2020 after the incentive helped the country become the world’s biggest market for clean fuel automobiles. The current tax rebate policy is due to expire at end of this year.