The Ministry of Heavy Industries has extended the tenure of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme by two years, taking its implementation period from 31 March 2026 to 31 March 2028. Originally notified on 29 September 2024 with an outlay of ₹10,900 crore for a two-year period, the scheme […]
India’s electric vehicle penetration, currently at around 8.5%, is set to rise to 30% by 2030 — and component manufacturers who move early stand to benefit the most. That was the central message at ASSOCHAM Northern Region’s EV Ancillaries and Auto Components Conclave 2026, held in Gurugram, where government officials and industry leaders called on […]
Mahindra and Mahindra’s Chakan manufacturing facility in Pune has crossed the cumulative production milestone of three million vehicles, with the landmark vehicle being the BE 6 — the company’s most advanced flagship electric SUV. The milestone underlines the facility’s evolution from a conventional vehicle manufacturing plant into a future-ready hub capable of producing both internal […]
VinFast today officially inaugurated its electric vehicle (EV) assembly plant at the SIPCOT Industrial Park in Thoothukudi, Tamil Nadu, India. This milestone marks a major step in VinFast’s global expansion, reinforcing the company’s long-term commitment to the world’s third-largest automobile market and underscoring VinFast’s confidence in India’s strategic role in the future of the global […]