The Indian auto industry sold 48,179 EVs in Financial Year 2020-21, which increased 5-folds in FY 2021-22 to 2,37,811 units. In comparison, just the year-to-date (YTD) sale of electric vehicles in FY 2022-23 stands at 4,42,901 units, witnessing over 9x growth as against FY2021.
The total sales of the auto component industry stood at Rs. 2.65 lakh crore or USD 33.8 billion in the April - September 2022 period, recording a growth of 34.8 per cent over the corresponding period last year.
Piero Ferrari has decided to set up a family trust this month which will oversee the roughly 10 per cent stake he inherited from his father, Enzo Ferrari, the founder of the supercar marque. He is the second-largest shareholder in the company.
Speaking with car&bike on the sidelines of the media drive for Tiago EV, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Limited said that the company is well on track to launch 10 electric vehicles over the next 5 years.
India is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.
The Hyundai Ioniq 5 will be the second electric offering from Hyundai in India after the Kona electric and will be the first model to be introduced on the E-GMP Platform.
