🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

France’s Valeo bets on India EV transition even as demand cools

Livemint

Livemint · 8m ago

France’s Valeo bets on India EV transition even as demand cools

The growing adoption of electric vehicles (EVs) in India presents opportunities for French auto parts supplier Valeo India to increase revenue per vehicle. Currently, 15% of their business comes from EVs, but they expect this to increase to 46% by 2029. While demand for EVs has temporarily dipped, Valeo remains optimistic about the long-term outlook. The company plans to invest in the EV market and localization to drive affordability. They also emphasize the need for continued government support and stability of policies to ensure the growth of the industry.

1

Related News

India EV production hub, plan to enter small electric cars segment: Toshihiro Suzuki

YourStory

YourStory · 7m ago

India EV production hub, plan to enter small electric cars segment: Toshihiro Suzuki

Japan's Suzuki Motor Corporation plans to make India a hub for manufacturing its electric SUV, the e VITARA, which will debut globally in India. President Toshihiro Suzuki stated the company aims to expand into the small electric car market after mastering EV production techniques. Despite declining small car sales, Suzuki believes demand will persist as many in India will transition from two-wheelers to affordable four-wheelers. India will also serve as an export hub for Suzuki's models.

India needs to lead global tech transition, build jobs of the future: Ola Founder

YourStory

YourStory · 1y ago

India needs to lead global tech transition, build jobs of the future: Ola Founder

Ola Founder Bhavish Aggarwal is focused on positioning India at the forefront of the global tech transition by driving new-age technologies such as AI. He believes that the private sector should spearhead job creation, while the government must provide an enabling environment and address imbalances. Aggarwal supports the Indian government's move to incentivize global EV makers like Tesla in order to develop the EV ecosystem in the country. He emphasizes the importance of India inventing its own EV and energy transition paradigm, tailored to its specific needs. Aggarwal also underscores the need for India to become experts in future technologies to generate future jobs and supply chains.

Tesla’s first-quarter vehicle sales fell as EV market cools

Livemint

Livemint · 1y ago

Tesla’s first-quarter vehicle sales fell as EV market cools

Tesla reported its first year-over-year decline in quarterly deliveries since 2020, delivering 386,810 vehicles globally in Q1 2024, down 8.5% from the previous year. This is the lowest quarterly performance for Tesla since Q3 2022. Despite the decline, Tesla regained its position as the world's top EV seller on a quarterly basis. However, the result highlights concerns about the broader electric-vehicle market, as growth slows and consumer enthusiasm for electric vehicles wanes. Tesla's stock fell about 6% in premarket trading and is down nearly 30% this year. The decline is partly attributed to production setbacks, including supply chain disruptions and an arson attack on the grid supplying power to the factory.

For EV startups, things are going from bad to worse

Livemint

Livemint · 9m ago

For EV startups, things are going from bad to worse

Several electric vehicle (EV) startups are facing financial troubles, with some already filing for bankruptcy. The cooling demand for EVs, rising costs, and supply-chain issues are affecting their ability to launch new products. The recent US presidential election results could have further negative implications for these startups, as President-elect Joe Biden's administration is expected to eliminate tax credits for EVs and funding for EV ventures may be at risk. The transition to a second Trump administration could also impact established automakers, such as Ford and General Motors, delaying or reducing their future EV investments.

Premium for AI jobs cools as talent supply increases

Economic Times

Economic Times · 1y ago

Premium for AI jobs cools as talent supply increases

Hiring for artificial intelligence (AI) roles has slowed down in 2024, leading to a reduction in the record pay premiums offered to AI professionals. The average salary hike for new AI jobs has decreased to 15-25% compared to 50-60% a year ago. Tech companies are now focusing on upskilling their own employees and waiting for more AI use cases, resulting in a decrease in demand for AI talent. The supply of AI professionals has also increased due to upskilling initiatives, leading to moderated pay hikes.

India's Fuel Demand Up 2.1% YoY in December, Despite Ongoing EV Transition Efforts

OutlookIndia

OutlookIndia · 3m ago

India's Fuel Demand Up 2.1% YoY in December, Despite Ongoing EV Transition Efforts

India's fuel demand increased by 2.1% in December YoY, reaching 20.67 million metric tonnes despite efforts to transition to electric vehicles (EVs) and reform fossil fuel subsidies. Gasoline sales rose by 10.8%, diesel by 6%, and LPG by 5.8%, whereas naphtha sales dropped by 22.7%. India aims for net-zero emissions by 2070, with EV adoption accelerating and fossil fuel subsidies reduced by 85% since 2010, freeing resources for clean energy initiatives.

EV charging infrastructure provider Bolt.Earth surpasses 30K EV charging points, adding 500 monthly

IndianStartupNews

IndianStartupNews · 2y ago

EV charging infrastructure provider Bolt.Earth surpasses 30K EV charging points, adding 500 monthly

BoltEarth, an electric vehicle (EV) charging infrastructure provider, has achieved a significant milestone by surpassing 30,000 EV charging points. The company's rapid expansion underscores the growing demand for EV charging infrastructure in India as the country transitions towards cleaner and more sustainable transportation solutions. BoltEarth's network aims to support the increasing adoption of electric vehicles across the nation.

Gig workers will lose their livelihoods because of Delhi’s EV transition, cries IAMAI

Economic Times

Economic Times · 2y ago

Gig workers will lose their livelihoods because of Delhi’s EV transition, cries IAMAI

Raising concerns over a new scheme proposed by the Delhi government that mandates a transition to electric vehicles (EVs) for bike taxis and delivery service providers, the Internet and Mobile Association of India (IAMAI) has said that an aggressive EV transition could impact the livelihoods of gig workers across Delhi who had invested in conventionally powered two-wheelers.

Chargeup partners with Credit Fair and Ascend Capital

Thehindubusinessline

Thehindubusinessline · 1y ago

Chargeup partners with Credit Fair and Ascend Capital

Chargeup, an EV platform offering Energy-as-a-Service, has partnered with non-banking financial corporations (NBFCs) Credit Fair and Ascend Capital. The collaborations will enable the facilitation of ₹100 crore as quick and secure loans in FY25. Chargeup aims to provide driver-centric financial solutions for EVs, including financing and asset lifecycle management. Credit Fair aims to offer subsidy-independent and cost-effective credit to ease the transition to EVs, while Ascend Capital focuses on empowering drivers in underserved Tier-II and -III cities in India. The partnerships aim to contribute to creating a sustainable and inclusive EV ecosystem.

Driving India's EV Growth: Focus on Battery Reuse, Funding, and Skilling

StartupTalky

StartupTalky · 1y ago

Driving India's EV Growth: Focus on Battery Reuse, Funding, and Skilling

India's electric mobility sector is expected to continue its strong performance in 2024, despite global slowdown concerns. However, the industry is facing several challenges that need to be addressed. One major hurdle is the shortage of EV charging infrastructure, which hinders the growth of the sector. Another issue is the sourcing and recycling of EV batteries, as India heavily relies on imports and lacks a proper disposal system. The trucking industry also needs to transition to clean mobility, and funding and attracting a skilled talent pool are additional barriers. Overcoming these challenges is crucial for India's sustainable mobility sector to thrive.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.