Here is the dope of 9 stories around electric vehicles which circled the global EV ecosystem this past week.
To start with, continuing with its aggressive efforts in the electric vehicle space, Indian Carmaker Mahindra and Mahindra has launched luxury electric car brand Automobili Pininfarina. “To be based in Europe, Automobili Pininfarina will combine Pininfarina’s automotive design prowess with Mahindra’s growing electric vehicle (EV) expertise gained from its participation in the Formula E electric racing car championship,” the company said in a statement.
Pininfarina is the Italian design and engineering house, which Mahindra Group acquired in 2015. The company had set itself a vision of becoming a billion-dollar business by 2020-2021 and eyes a $500 Mn business in next 3-4 years.
Next on, Chinese e-vehicles giant BYD does not get any subsidy in its country, its Indian partner Goldstone Infratech has said, refuting Indian rivals’ claims that they face unfair competition. Additionally, a Goldstone Infratech spokesperson told ET, the company will be able to localise half the components for electric buses being built for India, in the next two years.
Given that so much has been happening in the electric vehicle sector, we bring to you the 21st edition of the weekly EV roundups.
Here Are Some Other Important Developments In The Indian EV Ecosystem This Week
FAME India Scheme Extended Till September 30, 2018
In a notification issued by the Ministry of Heavy Industries and Public Enterprises recently, the government has extended the financial support to electric and hybrid vehicles under the FAME India Scheme till September 30, 2018 or till the launch of Phase-II of the faster adoption and manufacturing of (Hybrid &) Electric Vehicles (FAME) India Scheme, whichever is earlier.