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Webber Electrocorp Powers EV Growth in India with Intelligent After-Sales Solutions
StartupTalky
·
1m ago
Medial
Webber Electrocorp, a leader in EV Battery Management Systems, launched the WBMS-SWLT, enhancing EV after-sales service in India. Their Webber Care Point offers a tech-driven, scalable after-sales ecosystem, addressing service gaps and providing robust support through IoT and AI. With a national network and a mobile app, they deliver seamless solutions for diagnostics and repairs. Their services are pivotal as India’s EV market rapidly grows, offering certified, innovative tech for sustainable mobility.
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Luxury EV sales zoom 66% in India; 2,027 units sold in just 5 months
Economic Times
·
29d ago
Medial
Sales of luxury electric vehicles (EVs) in India surged by 66% in the first five months of the current year, reaching 2,027 units. Mercedes-Benz India reported a 73% sales growth, driven by demand for premium electric models. The luxury segment's EV penetration increased to 11%, up from 7% the previous year. BMW India also reported strong EV demand, targeting 30% electric vehicle sales by 2030. Overall luxury car sales show promising growth potential amid rising ultra-high-net-worth individuals.
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Two-Wheeler EV Sales Pick Up Pace In October; Ola Electric Regains Some Lost Market Share
Inc42
·
8m ago
Medial
In October, Ola Electric's registration saw a significant increase of 49% with 36,865 units sold, after a recent decline. Overall, electric two-wheeler registrations in India rose by 73% to 1.2 lakh units in October due to festive season sales discounts. Ola Electric regained some of its lost market share (30%) but also offered massive festive season discounts. Competitors like TVS Motor and Ather Energy also experienced growth in registration, with TVS Motor's market share in the EV space increasing to 21.4%. October saw the highest two-wheeler EV sales since March 2021, reaching 1.4 lakh units.
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Gentari Green Mobility’s CEO on VaaS model and why it won’t pursue M&As in India for now
VCCircle
·
1m ago
Medial
Gentari Green Mobility, part of Malaysian oil giant Petronas, is capitalizing on India's burgeoning electric vehicle (EV) market, which saw a 27% sales increase, reaching 1.95 million units in 2024. CEO Nikhil Thomas detailed that Gentari is leveraging the Vehicle-as-a-Service (VaaS) model to expand, providing comprehensive EV solutions. However, the company currently plans to avoid mergers and acquisitions in India, focusing instead on organic growth to solidify its market presence.
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Xpeng to launch cheaper EV brand amid fierce China price competition
Economic Times
·
1y ago
Medial
Chinese EV manufacturer Xpeng plans to launch a more affordable brand of electric vehicles, entering the fiercely competitive segment as the industry faces intense price competition. The new brand's models, set to launch within the next month, will be priced between 100,000 and 150,000 yuan ($14,000 - $21,000), compared to the 200,000-300,000 yuan range typically seen in the premium EV market. Xpeng aims to introduce different models with varying levels of intelligent driving capabilities under the new brand, catering to younger customers. This move comes as China's EV market experiences a slowdown in sales.
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EV Start-Up Vidyut Raises $10 Million In Series A Led By 3one4 Capital
OutlookIndia
·
1y ago
Medial
EV ecosystem start-up Vidyut has raised $10 million in a Series A funding round led by 3one4 Capital. The company aims to simplify the EV ownership experience by offering services such as EV insurance, lifecycle management, and EV resale. It also plans to expand to 40 cities in India. Vidyut offers a battery subscription ownership plan and has already provided solutions for several well-known companies in the EV sector. The funding will help the company scale its offerings and build a full-stack EV ecosystem. The surge in EV sales in India further highlights the growing market.
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Over 13 lakh electric 2-wheeler, 3W sold in FY25: Government
YourStory
·
3m ago
Medial
Over 13 lakh electric two-wheelers and three-wheelers were sold in India in the financial year 2024-25, marking significant growth over the previous year. The Ministry of Heavy Industries reported a 21% increase in two-wheeler sales and a 57% rise in three-wheeler sales. The growth is attributed to supportive government policies, including the PM E-DRIVE Scheme, which promotes green mobility and EV manufacturing. Total EV sales in 2024 reached over 14 lakh, demonstrating increasing public trust and adoption.
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Chinese EV maker Human Horizons seeks up to $42 million in debt financing to revive EV production
Economic Times
·
11m ago
Medial
Chinese EV maker Human Horizons is seeking debt financing of up to 300 million yuan ($41.78 million) to restart production at its EV plant. The parent company of premium EV brand Hiphi has filed for a pre-bankruptcy process. This move comes after similar bankruptcy proceedings facing two units of China Evergrande's EV arm. The fundraising will be used for after-sales services and to resume work, production, and sales. Human Horizons, which suspended production and sales in February, aims to regain momentum in a highly competitive EV market.
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Honda India To Launch Maiden Electric Scooter By March 2025
Inc42
·
10m ago
Medial
Honda Motorcycle & Scooter India (HMSI) aims to achieve one-third of its total sales from electric vehicles (EVs) by 2030. This comes after Transport Minister Nitin Gadkari's statement that India will surpass one crore annual EV sales by 2030. Besides, the EVs may come with additional features like a touchscreen infotainment system, connected features, and keyless operation.
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Two-Wheeler EV Sales Slowdown In Sept; Ola Electric’s Market Share Drops, Bajaj Overtakes TVS
Inc42
·
9m ago
Medial
- Bajaj Auto's electric scooter (escooter) sales reached an all-time high in September, surpassing TVS Motor in India. - Bajaj Auto recorded 18,933 electric vehicle (EV) registrations in September, up from 16,650 units in August. - Bajaj Chetak sales witnessed a remarkable 166% year-on-year growth. - The surge in Bajaj Auto's EV registrations indicates a shift in the Indian market towards electric two-wheelers. - This sales surge brings Bajaj Auto closer to Ola Electric in terms of registrations.
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EV charging startup IPEC bags $3 Mn from Gruhas
Entrackr
·
2m ago
Medial
EV charging startup IPEC has secured an investment of $3 million from Nikhil Kamath and Abhijeet Pai’s Gruhas. The proceeds will be used to strengthen its aim to consolidate its leadership status in the EV charging sector and accelerate growth in the broader power electronics domain, IPEC said in a press release. IPEC was founded in 2017 by the MEHER Group, together with DEKI Electronics & Sungho Electronics, with Zohra Khan as its CEO. The platform offers a range of EV charging products that include private, portable, and public chargers as well as EV Connectors and Vehicle Charging Inlets. These products are fully compliant with various national and international standards and the latest localisation regulations, including the PM E-Drive and PLI Scheme. Beyond hardware, IPEC also offers Cloud-based Charging Management Systems (CMS) and a user-friendly mobile app for real-time control and insights. IPEC is an approved supplier to leading EV OEMs like Ather Energy, Bajaj Auto, Greaves (Ampere), and more. The Bengaluru-based company aspires to drive energy transition in e-mobility with intelligent, reliable, and cost-effective charging solutions at scale that address India’s specific needs and the rising demand for locally manufactured alternatives. IPEC claims to have witnessed a 40% growth in revenue in FY25 and anticipates doubling its revenue in FY26. The company also plans to expand its avenues and capabilities into global markets. It claims to have delivered over 1 million EV charging products to the top EV OEMs in India and is gearing up to expand its manufacturing capacities to 50,000 units per month.
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