This Made in India EV battery maker recorded Rs 50 Cr turnover in 1 year
Delhi-based iPower Battery’s energy solutions are popular among EV startups such as Okinawa, Crayon Motors, EbikeGo, Mobycy, Tunwal, Deltic etc as they are swappable, modular, and come with advanced tracking, geo-fencing, remote monitoring, etc.
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When
Elon Musk’s Teslaentered India and set up a subsidiary in January 2021, it was like a stamp of approval for the nation’s burgeoning electric vehicle (EV) industry. The US-based electric car giant is setting up its manufacturing unit in Karnataka, said
Chief Minister BS Yediyurappa recently.
The government has set a goal of 30 percent EVs by 2030, and the EV industry is working to meet this target. Numerous EV companies and startups such as Okinawa, Crayon Motors, EbikeGo, Mobycy, Tunwal, Deltic, and Lohia have hit the ground running.
The company has firmed up plans to have in place a total of 50 Big Wing outlets by the end of the ongoing fiscal year to extend reach. HMSIs premium bikes will be sold and serviced exclusively through the Silver Wing network.
In April-January, passenger vehicle shipments were still down by 43.1 per cent at 3,28,360 units as against 5,77,036 units in the same period of 2019-20 financial year
"While exports of passenger vehicles for the April-January 2021 period is down by 43.1 per cent, the growth of 1.15 per cent in January 2021 over the previous year, makes it the first month of growth in passenger vehicle exports, post the pandemic," SIAM Director General Rajesh Menon told .