What's going on in the EV Market?

What's Going on in the EV Market?

Here's a quick roundup of the latest electric vehicle news:

EV Adoption on the Rise:

• Food Delivery Greener: Zomato launches electric fleet for large deliveries to deliver large orders for up to 50 people in one go
• Financing Boost: Montra Electric the EV Brand from Murugappa Group partners with Bike Bazaar to make EVs more accessible through financing options

EVs for All: On Ev targets deploying 500 electric 3-wheelers and 100 electric 4-wheelers, expanding EV usage in commerce and rural areas.

New Entrants and Innovation:

o   Raptee Enters the Race: New electric motorcycle manufacturer Raptee rolls out its first electric bike, targeting a ₹2.5 lakh price point.

o   Safety Focus: E-Ashwa and Tesla Power India announced their collaboration to launch India's first electric 2-wheeler with fire safety system, prioritizing rider safety.

Competition Heats Up:

o   Government Backs EVs: The Government approves incentives for several electric two-wheeler and three-wheeler manufacturers, boosting EV sales.

• Can Tata Motors Hold On? : Tata Motors currently dominates the Indian electric car market, but competition from Tesla looms

Stay tuned for further updates on the exciting world of electric vehicles!