NEW DELHI:
Real estate consultant Colliers India on Wednesday released a report 'EVs in India: Renewed Vigour in Electric Mobility', highlighting that overall EV penetration rate in India stood at 8%. It estimated sales of around 2 million (20 lakh) EVs in 2024.
"Although the pace of EV adoption in the country has been commendable, it has not been as brisk as anticipated," the consultant pointed out.
The report mentioned that individual companies across the EV landscape have announced plans to invest $40 billion (₹3,40,000 crore) in a phased manner till 2030. Out of this, $27 billion is planned for lithium-ion battery manufacturing and $9 billion for OE (Original Equipment) and EV manufacturing.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Rain revelry no more; deluge ravaged 24 UP primary schools
In the context of the Indian subcontinent, two things bring unadulterated joy - rain and children.
Govt presents 2nd supplementary budget of Rs 17865.72 crore
The UP government on Tuesday presented its second supplementary budget of Rs 17865.72 crore for 2024-2025, including additional provisions for sprucing up the energy sector, making Prayagraj Mahakumbh secure and magnificent, creating development infrastructure, providing additional funds for maintenance of cows and ensuring the sanctity of examinations.
EDUCATION MIN ANNOUNCES OVERHAUL, NTA TO ONLY CONDUCT ENTRANCES
The National Testing Agency (NTA) will not conduct any recruitment exams starting 2025 and will focus on only higher education entrance exams, Union education minister Dharmendra Pradhan said on Tuesday.
Rahul, Jadeja, tailenders help India avoid follow-on at Gabba
BRISBANE: KL Rahul and Ravindra Jadeja were determination personified as their fighting fifties helped India avoid the follow-on on the fourth day of the weather-hit third Test against a menacing Australia that seems meandering towards a draw.
New Zealand crush England to send Southee out on high
HAMILTON: New Zealand tore through England's batting Tuesday to crush the visitors by 423 runs in the third Test and send Tim Southee into retirement on a triumphant note.
INJURED JOSH HAZLEWOOD TO MISS REST OF INDIA SERIES
Australia pace spearhead Josh Hazlewood is likely to miss the rest of the Test series against India after injuring his right calf during his warm-up before play in Brisbane on Tuesday.
Security concerns hinder AI adoption in India: Report
NEW DELHI: As many as 92% of Indian executives view security vulnerabilities as the foremost challenge to responsible artificial intelligence (AI) adoption, highlighting a pressing need for robust governance frameworks to foster trust and mitigate risks in an increasingly AI-driven landscape, according to a recent report by Deloitte.
Jaitley beats Azad to be re-elected as DDCA president
Incumbent Rohan Jaitley comfortably defeated former India cricketer and Lok Sabha MP Kirti Azad to be elected as the President of the Delhi and Districts Cricket Association (DDCA) for a third successive term.
Banking liquidity deficit hits highest in six months
The liquidity deficit in the Indian banking system hit the highest in nearly six months on advance tax payments by companies and likely dollar sales by the central bank to curb rupee volatility.
Sebi mulls new platform to trace unclaimed MF folios
THE PLATFORM WOULD ALLOW INVESTORS TO SEARCH FOR FORGOTTEN MF INVESTMENTS, UPDATE KYC
