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'Electrifying and eventful': Powered by a busy 2023, EV players on a high

During the year, the Central government had issued notice to several electric two wheeler manufacturers asking them to refund about Rs 500 crore as undue subsidy claims . The companies also refunded the cost of chargers to their customers as that has to be provided as part of the vehicle and cant be charged separately.
Tamil Nadu Uttar Pradesh Mumuksh Mandlesha Suyash Gupta Ayush Lohia Research Analyst

'Electrifying and eventful': Powered by a busy 2023, EV players on a high, ET Auto

During the year, the Central government had issued notice to several electric two wheeler manufacturers asking them to refund about Rs 500 crore as undue subsidy claims . The companies also refunded the cost of chargers to their customers as that has to be provided as part of the vehicle and cant be charged separately.
Uttar Pradesh Tamil Nadu Suyash Gupta Ayush Lohia Mumuksh Mandlesha Indian Institute Of Technology

Missing pieces, unstable policy makes faster EV adoption a bumpy ride

A sudden reduction in the Central government subsidies, penalties for non-compliance with the subsidy norms, uncertainty about continuation of the subsidies post March 2024 and the absence of a stable government policy on EVs are the critical concern
Ayush Lohia Mumuksh Mandlesha Research Analyst Kelwon Electronics Appliances South Korean Daewoo Kelwon Electronics Lohia Auto Industries Ltd

Daewoo launches Korean technology automotive batteries in India, ET Auto

Daewoo: The Korean technology automotive batteries cover a comprehensive range, including car, truck, tractor, and bus batteries. They boast of high cranking performance, calcium-tin, and calcium-silver maintenance-free technology, and a durable and robust design for Indian road conditions, the company said.
New Delhi Kelwon Electronics Appliances Daewoo Licensee Managing Director Kelwon Electronics Automotive Batteries Automotive Batteries

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Daewoo enters Indian consumer electronics & appliance market through Kelwon Electronics, ET Retail

South Korean brand Daewoo has entered the Indian consumer electronics market through licensee partner Kelwon Electronics & Appliances. Kelwon plans to invest approximately INR 300 crore ($40 million) over the next three years. The company will introduce Daewoo products in the energy and power, and consumer electronics sectors, adopting a twin brand strategy.
South Korea South Korean Kelwon Electronics Appliances Kelwon Electronics Kelwon Electronics Electronics Amp Appliance

Daewoo enters Indian consumer electronics & appliance market through Kelwon Electronics

South Korean brand Daewoo has entered into fast-growing Indian consumer electronics and appliances market through its licensee partner Kelwon Electronics & Appliances, which has plans to invest around Rs 300 crore in the next three years.  Kelwon, which sells products, including Lithium
South Korea South Korean Chan Ryu Kelwon Electronics Appliances Kelwon Electronics Lithium Hybrid Inverters

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