Bengaluru-based electric vehicle manufacturer Ather Energy has announced a price cut on its entry-level model, the 450S. In its bid to expand its customer base and make the model a more competitive product in the market, the EV maker has announced a Rs 20,000 price cut on the 450S, which will now be available at … Read more
Olectra Greentech Ltd, part of the passenger vehicle industry, has rallied more than 20% in a month which helped the stock to break out from a consolidation range since July 2023. The breakout has opened room for the stock to head towards 1700 levels in the next 2-3 months, suggest experts. The stock moved in … Read more
Bengaluru-based electric vehicle startup Simple Energyunveiled its maiden product, the One electric scooter in August 2021 and had since created a buzz among the potential EV buyers. In fact, the product appeared to be an instant hit even before the launch as the company claimed that it had received over 65,000 pre-bookings for the model … Read more
US-based EV maker Tesla has reportedly approached the PM Naredndra Modi-led central government, seeking initial tax concessions of the country’s customs duties, as per a report from IANS citing a leading publication. The requested relief aims to slash the country’s import duties by at least 15 percent for EVs. At present, India levies a custom … Read more
Tesla’s supercomputer, Dojo, to train AI models for autonomous cars could give the electric vehicle maker an “asymmetric advantage” and boost its market capitalization by nearly $600 billion, or 76%, Morgan Stanley estimated. Tesla started production of Dojo in July and plans to spend more than $1 billion through next year. Dojo can open up … Read more