American auto component maker Dana has said that India offers huge opportunities for the company in the EV space and it continues to invest in all its facilities depending upon the demand.

This investment was collectively done by e2W, e4W, EV component makers, eCVs and last-mile delivery companies. Of the investments, 32% was by eCVs, 28% by e4W, 23% by e2W and 19% by EV component makers.

Ashok Leyland has showcased its future readiness by coming up with the details of its latest strategic initiative - Switch Mobility Ltd, UK (Switch Mobility).

Switch Mobility Ltd announced its formal launch to secure a leading global position in net zero carbon buses and light commercial vehicles

This lecture part of SIAM’s ‘Walk the Talk’ campaign, highlighting the importance of design, development, testing and homologation aspects of hybrid and electric vehicles.

US President Joe Biden has also proposed $174 bn to acquire the electric vehicle market as a part of his plan, which is presently being considered by Congress.

As part of the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Ltd.

This step follows the recent announcement of sourcing clean energy from Hinduja Renewables for its operations. Together, this will help the company further reduce its carbon footprint.