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Ultraviolette Plans $82 Million EV Plant in Tamil Nadu

By Uniquetimesorg September 10, 2026 0

Indian electric motorcycle maker Ultraviolette Automotive plans to invest 7.79 billion rupees ($81.93 million) in a new manufacturing plant in Hosur, Tamil Nadu, as demand for electric two-wheelers grows. The facility will initially have an annual production capacity of 250,000 vehicles, with plans to expand it to 500,000 units as demand increases. It will support […]Continue Reading

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Hero MotoCorp to Raise Ather Stake to 32.8%

By Uniquetimesorg August 28, 2026 0

India’s Hero MotoCorp will increase its stake in electric scooter maker Ather Energy to 32.8% by purchasing additional shares worth up to ₹17.58 billion ($184 million). The shares will be acquired from an existing Ather stakeholder, whose identity was not disclosed. Hero MotoCorp, which is already Ather’s largest shareholder, held a 29.88% stake as of […]Continue Reading

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Ola Electric Narrows Q1 Loss as EV Sales Rise

By Uniquetimesorg August 8, 2026 0

India’s Ola Electric reported a narrower first-quarter loss, helped by stronger electric two-wheeler sales and lower operating expenses following its restructuring efforts. The company’s net loss for the quarter ended June 30 narrowed to ₹3.36 billion from ₹4.28 billion a year earlier. Ola said orders nearly doubled from the previous quarter to around 44,000 units, […]Continue Reading

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River Mobility Raises $120 Million to Expand EV Business

By Uniquetimesorg August 5, 2026 0

Indian electric vehicle startup River Mobility has raised $120 million in a Series C funding round to expand its manufacturing capacity and strengthen its product portfolio. Backed by Yamaha Motor, the Bengaluru-based company plans to use the investment to expand its Karnataka facility and build a new plant capable of producing up to 80,000 electric […]Continue Reading

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Ola Electric Cuts Quarterly Loss as Cost Controls Ease Pressure

By Uniquetimesorg May 20, 2026 0

Ola Electric Mobility reported a narrower quarterly loss as the company reduced operating costs amid intense competition in India’s fast-growing electric two-wheeler market. The SoftBank-backed EV maker posted a net loss of 5 billion rupees for the January–March quarter, compared to 8.7 billion rupees a year earlier. The improvement came despite a sharp decline in […]Continue Reading

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Ola Electric to Invest $208 Million in EV and Battery Expansion

By Uniquetimesorg May 15, 2026 0

India’s Ola Electric has announced plans to invest $208.5 million into its electric vehicle and battery cell businesses as it pushes to cut costs and move closer to profitability. The company aims to strengthen local manufacturing, increase automation, and expand in-house battery cell production while facing growing competition in the EV market. The SoftBank-backed company Continue Reading

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Ola Electric Cuts 5% Workforce as EV Sales Remain Weak

By Uniquetimesorg January 31, 2026 0

Ola Electric has laid off around 5% of its workforce, impacting roughly 620 employees, as part of what it described as a “structural transformation” aimed at improving efficiency through automation. The electric vehicle maker, led by Bhavish Aggarwal, had about 12,396 employees last year. The company said it is focusing on building a leaner organisation […]Continue Reading