These finance options aim to make Mahindra Pik Up vehicles more accessible and appealing to a broader customer base.

The resurgence in sales can be attributed to further price reductions and new tax incentives aimed at electric vehicles (EVs) and green cars.

In addition to the anticipated benefits from falling battery material prices, Rivian is also focusing on ramping up the production of its in-house drive unit.

This infusion of funds is earmarked for several key initiatives, including the launch of a new product and the growth of its retail network.

To kickstart this initiative, Siemens Foundation will launch fast-track training programs in Michigan and North Carolina.

This collaboration aims to accelerate the adoption of electric vehicles in India, particularly among micro, small, and medium enterprises (MSMEs).

The project, known as Volta Energy Solutions, is valued at C$700 million ($514.37 million) and is anticipated to reach full production capacity by 2026.

The Ohio-based Lordstown Motors, which filed for Chapter 11 bankruptcy, has presented a plan to repay its debts and shareholders, including Foxconn.

In the domestic market, Royal Enfield sold 69,393 motorcycles in August 2023, marking a 10% increase from the 62,892 motorcycles sold in August 2022.

The company recorded total sales of 22,910 units signifying a substantial y-o-y growth of 53% compared to August 2022 when it sold 14,959 units.