Electric Cars News

As per EESL, Tata Motors quoted the lowest price of Rs 10.16 lakh, exclusive of GST in the competitive bidding. These electric cars are meant for usage by ministries and government departments, either through direct purchase from EESL or lease.

While most business stories are about checks and balances, and which firm has the most numbers; there are times when business leaders do something out of the ordinary and set examples for a lot of us to follow. In this case, it is Mahindra Group - Chairman and Managing Director, Anand Mahindra congratulated competitor Tata Motors on Twitter on winning the bid for supplying 10,000 electric vehicles to EESL. The contract valued at Rs. 1120 crore is said to be world's largest single electric vehicle procurement. Interestingly, Mahindra as well as Nissan Motor applied for the same tender which was eventually awarded to Tata.

Other companies, Mahindra & Mahindra (M&M) and Nissan had also participated in the tender and bids for Tata Motors and M&M were opened.

The racecar will have a high efficiency transmission with only one gear in the 2017/18 season of the FIA Formula E.

Toyota will take a 90 percent stake in the joint venture, called EV Common Architecture Spirit Co Ltd, while Mazda and Denso Corp, Toyota's biggest supplier, will each take 5 percent.

The Volkswagen-owned business last year awarded production of its first mass-produced electric sport-utility vehicle to a plant in Brussels, and has since been pressured by labor unions to allocate electric car projects to Germany.

The first in line for production will be a Mercedes-Benz S-Class rival as it looks to take on the luxury that the sedan offers, while staying a true off-roader at the heart.

Renowned electric appliance manufacturer and innovation giant Dyson has officially announced a move into the electric mobility sector by 2020. The announcement came via an email that James Dyson, founder and chief engineer sent to the whole group recently that indicated a move into the electric mobility space in the next few years with a new car in order to combat the global problem of air pollution - especially in major cities around the world. Although no information on the vehicle exists at this point in terms of which segment it would be placed in, James Dyson has said that it would not be targeted towards the mass market. An investment of £2 billion has also been allocated for the electric car project.