The event serves as a significant platform for discussions and collaborations aimed at accelerating India’s energy transition goals.

Tesla, led by Elon Musk, experienced a 4% decline in shares to USD 180.46, reaching its lowest point since May 2023.

The House of Lords report advocates for targeted subsidies to make EVs more accessible, particularly for lower-income car owners.

The company attributed its underperformance to challenges in its petrochemical business, which experienced a loss due to weaker refining margins and declining prices.

Other participants in the round include existing investors such as Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures, and Maniv Mobility.

Since its inception in 2007, Mini has manufactured over 1.1 million Clubman crossovers, reflecting its significance within the brand’s lineup.

Both the parties had signed a cooperative agreement last year on November 30 with an aim to establish a 50:50 joint venture in China.

In Europe, which is the Volvo Group’s biggest market, sales grew 8% when compared to January of 2023, reaching 23,141 sold cars.

The speculation of merger intensified after an EV market slowdown forced Renault last week to cancel IPO plans for its EV and software unit Ampere.

Vanguard’s latest valuation cut represents a significant 74% reduction from Ola’s peak valuation of approximately USD 7.3 billion.