electric vehicles

09 Aug

Dacia Spring EV (2024) Review: Excellent Value for an Urban EV

admin0 CommentsEV Review, Gear, Gear / Products, Gear / Products / Car Reviews, Gear / Reviews, World, , , ,
Like a list? Here's a good one for you. The cheapest car sold in the US right now is the Nissan Versa, which costs $16,680. For just $15 more you can have the Mitsubishi Mirage. This Dacia Spring, if it were sold in the US, would come in third at around $19,000. Why mention the Dacia? Well, the Spring is not an internal-combustion auto, it's a fully electric car. Yep, a proper road-legal, five-door EV—not a micro-car like the Wueling Mini or Zhidou Rainbow—and one that is about to hit the UK market at a starting price of less than…
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Union Budget 2024 may boost the EV industry; how should Indian stock market investors play this theme?
19 Jul

Union Budget 2024 may boost the EV industry; how should Indian stock market investors play this theme?

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Expectations are high that the Union Budget 2024 will include measures to accelerate EV (electric vehicle) penetration in India. The automobile sector expects Union Finance Minister Nirmala Sitharaman to make some announcements on the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, enhanced production-linked incentive (PLI) schemes, and other incentives to boost the EV sector."To propel EV adoption further, the auto industry has key expectations from the Budget. These include a comprehensive EV promotion scheme that succeeds FAME and focuses strongly on research and development (R&D). Increased incentives for EV R&D are crucial to foster technological advancements domestically," said…
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Hedge funds that piled into big Tesla short stung by huge rally
07 Jul

Hedge funds that piled into big Tesla short stung by huge rally

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Hedge funds piled into short bets against Tesla Inc. right before the electric vehicle maker unveiled a set of numbers that triggered a hefty share-price rally.About 18% of the 500-plus hedge funds tracked by data provider Hazeltree had an overall short position on Tesla at the end of June, the highest percentage in more than a year, according to figures shared with Bloomberg. That compares with just under 15% at the end of March.Also Read | Tesla vs Tesla Power: MD Khurana sure about mediation, trademark ownership issueThose contrarian bets now threaten to saddle the hedge funds behind them with…
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Mahindra & Mahindra cranks into top gear as demand tailwinds accelerate growth
19 Jun

Mahindra & Mahindra cranks into top gear as demand tailwinds accelerate growth

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M&M is looking to capitalize on its market leadership in the automotive and farm segments and unlock the potential of its key subsidiaries—Mahindra Lifespaces, Mahindra Holidays, and Mahindra Last Mile Mobility, which it has identified as its “growth gems". The outlook for M&M’s automotive business is upbeat, with the company focusing on new launches. In the fast-growing sports utility vehicle segment, where M&M holds the top spot in terms of revenue market share at 20.4%, the company plans to launch nine regular SUVs (including three model refreshes) and seven battery electric vehicles (BEV) by 2029-30.  The company also plans to…
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Indian EV, electronics makers bet big on apprenticeships to bridge skill gaps, boost stipends by up to 70%
13 Jun

Indian EV, electronics makers bet big on apprenticeships to bridge skill gaps, boost stipends by up to 70%

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New Delhi/Mumbai: Large Indian electronics and electric vehicle (EV) manufacturers are recruiting apprentices at an unprecedented pace to address talent gaps in these booming sectors, often going beyond state-mandated quotas.According to staffing firm Teamlease, these firms are offering as much as 70% more than the stipends mandated by states to train young apprentices for some high-demand roles.In the EV space, employment through apprenticeship programs is doubling each year, while for the electronics sector, the growth has been more than tenfold in the past four years, according to Teamlease's degree apprenticeship program. The electronics sector, on the other hand, has witnessed…
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