The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein. The report noted that generating sufficient margins and scaling up in the EV space is difficult, even … Read more
Mumbai: Scooters are experiencing a renaissance in the Indian market, even outpacing the traditional reign of motorcycles. Expansion of electric mobility, urban congestion and rising female participation in the workforce are among factors which lifted the share of scooters in the local two-wheeler market to a seven-year high in the first five months of this … Read more
New Delhi: Hero Electric scooter company Hero Electric has approached the Punjab and Haryana High Court seeking relief from recovery of subsidies availed under the government’s flagship scheme to promote electric mobility.The move comes in the backdrop of the Centre considering measures to recover money from three companies who allegedly availed sops wrongfully under the … Read more
