Electric Mobility News

Electrified cars can become more affordable if critical components like battery, electric and controller are manufactured locally, hence Toyota is looking forward to it.

The Nexa dealerships, in these 5 years, have sold 1.1 million units contributing to 20-22% sales to the overall number of Maruti Suzuki India.

The 1.4-litre, four-cylinder, petrol motor in the Jeep Compass 4xe and Renegade 4xe is coupled with a rear axle mounted electric motor that sources power form a 11.4 kWh battery pack.

When Tesla Inc reports second-quarter results after the bell on Wednesday, investors will be keen to see whether the electric carmaker has delivered a profit during the global pandemic that has sunk most of its internal combustion rivals deep in red ink. Analysts' estimates for Tesla's second-quarter range from an adjusted loss as steep as $2.53 a share to a $1.41 per share profit. On average, they expect an adjusted 11 cents loss per share and a net loss of $240 million, according to Refinitiv data. More bullish investors have sent Tesla's shares soaring in recent weeks and made it the world's most valuable automaker.

Hitachi ABB Power Grids, which recently unveiled its Grid-eMotion Fleet EV charging system for large scale public transports and commercial fleets, plan to bring to technology to India as part of its partnership with Ashok Leyland.

The Ford Mustang Mach-E 1400 prototype packs in 1400 horses (1,355 bhp) from its seven electric motors and can be tuned to go sideways or to set lap times. The one-off model brings the conversation back to performance with the first electric Mustang.

Convinced of Tesla Inc's imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a 43,000 euro ($49,000) loan in early October to invest it all in the electric carmaker, which at the time was trading at around $230 a share.

The company aims to expand its pan-India dealership footprint to cross 500 dealerships by the end of 2020-21.