Electric Car

The Ola S1 debuted in India on August 15 as the company's second electric scooter. The Ola S1 has a 3KWh battery and a peak speed of 95kmph. It has an ARAI range of 131km and a normal range of 101km. The electric scooter also has software capabilities such as music, navigation, a companion app, and a reverse mode, and will enable upgrades into Move OS 3 and beyond.  

Maruti Suzuki India intends to have robust hybrid technology across its model range in the next 5-7 years, as part of a drive to have environment-friendly technological aspects in each of its vehicles, enabling higher fuel efficiency and a lower carbon footprint. The company's future mid-size SUV will have a powerful hybrid powertrain. Hybrid automobiles combine the benefits of fuel engines and electric motors.

With a glimpse of the electric car debuting in 2025, the Mercedes-Benz Vision AMG Concept will propel the sports brand into the future. The Mercedes-Benz Vision AMG Concept is built on Mercedes-specialized Benz's AMG. The architecture and driveline components for the EA are built from the ground up. Axial flux motors from Mercedes subsidiary YASA provide the energy. It also borrows certain styling elements from the Mercedes Formula One… read-more

Gothenburg-based Volvo Car said on October 29 that their Initial Public Offering (IPO) was oversubscribed, ''as it attracted strong interests from the institutional investors'' in Sweden's Stockholm. Reportedly, the IPO was priced at 6.22 dollars per share, and the company wishes to distribute nearly 380 million new shares. Once shares are sold, the company will also use the money for its electric-only model line-up. 

In the biggest development, Lei Jun, Chief Executive of Xiaomi on October 19 said it will start producing its own cars in 2024. This was posted on the verified Weibo account of a director in Xiaomi’s international marketing department. Reportedly, the company will also be investing $10 billion in the electric car section, in the upcoming 10 years. Besides, the company’s shares also increased by 5.4%.