Exide Industries shares zoom 17%; hit 52-week high; here’s why
Shares of battery major Exide Industries Ltd have surged 106.87% in the past year
Shares of battery major Exide Industries Ltd have surged 106.87% in the past year
As of December 31, 2023, GFCL EV has already invested ₹650 crore of the proposed ₹6,000-crore investment.
The budget estimates document shows that the interim budget has provided a capital outlay of ₹3,500 crore under the production-linked incentive (PLI) scheme for automobiles and auto components.
The automotive and electric vehicle industry anticipates certain measures that could not only propel localisation but would accelerate the country’s EV transition.
India Energy Storage Alliance (IESA) urges the government to reduce GST on lithium-ion batteries to 5%.
The company seems to be in an expansion mode and will use the proceeds from the successful qualified institutional placement (QIP) round in December towards investments in the manufacturing units.
As customers take to SUVs and EV transition picks up speed, the good-old sedan sees a drastic dip in sales.
Hero Electric is among the electric two-wheeler makers the government has pulled up for the “misappropriation” of FAME-II subsidies
The FM says the EV industry will also contribute to the economy's overall growth by creating 5 cr direct and indirect jobs by 2030. These jobs will work in tandem to put 1 crore EVs on road by 2030
The Tiago EV is strictly meant for intracity commutes, and not for intercity trips on the highway. The peppy drivability of the car also makes it ideal for city-dwellers or possibly a second car