COGOS plans to bring in at least 30% of its revenue from green technologies by 2023 and this agreement paves the path to reach its sustainable goals.

Altigreen, a Bangalore-based startup and manufacturers of powertrains for EVs, has announced of entering electric rickshaw segment.

According to a new market intelligence report by BIS Research, titled- ‘India Electric Vehicle (EV) Ecosystem Market - Analysis and Forecast 2019-2030’, the India EV ecosystem includes three major sectors, namely electric vehicle market, battery market, and charger market.

The Indian automotive market is experiencing overall slowdown as the sales show a staunch drop compared to the last year.

After Indian government adopted EV policy, the Indian electric vehicle industry saw start-up boom which contributed to the development of endless possibilities ranging from cars, sports bikes to E-bikes.

With Indian automotive sector have shown keen interest on developing EV technologies and allied infrastructure to achieve low carbon emissions, Altigreen Propulsion Labs is developing Drivetrain for electric vehicles that will not only meet needs of customers but also change the scenario in next six to 12 months, says Shalendra Gupta, CFO, Altigreen Propulsion Labs.

After government’s adoption of EV policy, the Indian electric vehicles industry saw start-ups which have shown endless possibilities ranging from cars, sports bikes to E-bikes.

With governments around the world pursuing more stringent norms on emissions and fuel economy, companies are gearing up with new energy-efficient powertrain systems, says Rakesh Rao. With market for auto booming in Asia, global auto component companies are eyeing for bigger share of the market. Meanwhile, in India, the new emission norm (BS VI to be rolled out from April 1, 2020) is forcing companies to modify their powertrain systems. The demand for new products is also getting a boost with auto makers making their next generation powertrains.

Greaves Cotton Ltd (GCL) announced a strategic partnership with US and Bengaluru-based start-up – Altigreen Propulsion Labs for a range of clean-energy powertrain solutions for the three-wheeler and micro four-wheeler commercial vehicles.