Tag: Electric Vehicles

TeraNova DC Targets 2 GW of AI-Ready Data Centres in India by 2032

Singapore-based Hillhouse Investments has launched TeraNova DC, a dedicated data-centre platform that plans to invest $12 billion to $15 billion in India by 2032. With a target of more than 2 gigawatts (GW) of capacity, the platform is set to become one of the largest announced data-centre programmes in the country. TeraNova DC will focus on hyperscale and AI-ready infrastructure. Its proposed locations are Maharashtra,...

Tech Mahindra’s Profit Rises 23.2% as Almost Every Large Deal Now Includes AI

Tech Mahindra’s profit after tax (PAT) rose 23.2% year on year to $166 million in the second quarter of FY27. The company won $1.023 billion in new deals in the quarter, up 25.4% from a year earlier. Deal wins over the past 12 months rose 34.8% from the same period a year before. On the earnings call, CEO and Managing Director Mohit Joshi said...
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IEA Urges India to Accelerate Electric Mobility Shift

The International Energy Agency (IEA) has called on India to accelerate its push toward mobility electrification, framing it as a crucial step in securing...

EV Scheme Offers Duty Cuts for $500M+ Investments

The Government of India has officially notified the detailed guidelines for its new “Scheme to Promote Manufacturing of Electric Passenger Cars in India” (SPMEPCI)....

Maharashtra Targets 30% EV Use by 2030

Maharashtra has unveiled an ambitious electric vehicle (EV) policy aimed at driving 30% adoption of EVs across the state by 2030. Effective from April...

Honda Cuts EV Investment, Shifts to Hybrids

Honda Motor has announced a major strategic shift in its electrification roadmap, scaling back investments in electric vehicles (EVs) and pivoting its focus toward...

Tesla Expands to India with New Job Openings

Tesla Inc. has begun hiring for various positions in India, signaling a potential entry into the market after CEO Elon Musk met with Prime...

Jio-bp Expands EV Charging Network Amid Market Growth

Jio-bp, a joint venture between Reliance Industries and BP, is expanding its electric vehicle (EV) charging network in India. The company, which currently operates...