sales

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Reliance Subsidiary REC Solar Holdings to Sell REC Solar Norway for $22 Million

REC Solar Holdings, a 100% step-down subsidiary of Reliance Industries, has entered into a share purchase agreement with Norway-based Elkem to sell a 100% equity stake...

January 15, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Electric Vehicle Sales Clock 50% YoY Growth in 2023 to Reach 1.5 Million Units

Electric vehicle (EV) sales in India reached a record 1.53 million units in 2023, a jump of over 50% year-over-year (YoY) against the million units sold in 2022. EVs...

January 2, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Parliamentary Standing Committee Calls for Uniform Electric Vehicle Policy

The Parliamentary Standing Committee on Industry has recommended that the government formulate a consistent and stable national policy on electric mobility to create a...

December 22, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Electric Vehicle Sales Surge 40% YoY in Q3 2023 with 371,214 Units

Electric vehicle (EV) sales in India reached 371,214 units in the third quarter (Q3) of 2023, a year-over-year (YoY) increase of 40% compared to 264,781 units sold in...

October 3, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Electric Vehicle Sales Surge 66% YoY in Q2 2023 with 371,340 Units Sold

Electric vehicle (EV) sales in India reached 371,340 units in the second quarter (Q2) of 2023, a year-over-year (YoY) increase of 66% compared to 223,293 units sold in...

July 4, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Borosil Renewables’ Q4 Profit Up 80% YoY Driven by Higher Solar Glass Sales

Solar glass manufacturer Borosil Renewables’ profit peaked by 80% year-over-year (YoY) to ₹105.01 million (~$1.2 million) for the fourth quarter (Q4) of the financial...

May 31, 2023

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Gourav Mishra

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Inverters & BOS

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Markets & Policy

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Solar
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Battery Storage Firm Flux Power’s Q3 Net Loss Narrows on Higher Sales Volume

The net loss of lithium-ion storage solutions provider Flux Power Holdings narrowed to $1.4 million in the third quarter (Q3) of the financial year (FY) 2022-23 compared...

May 15, 2023

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Gourav Mishra

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Energy Storage

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Market & Policy
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Global Demand for Heat Pumps Rises Sharply as Climate Concerns Escalate

Sales of heat pumps worldwide increased by 11% in 2022, spurred by the global shift towards reliable and environmentally friendly heating, a recent analysis by the...

April 6, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Electric Vehicle Sales Surge 81% YoY in Q1 2023, 349,676 Units Sold

Electric vehicle (EV) sales in India reached 349,676 units in the first quarter of 2023, a year-over-year (YoY) increase of 81% compared to 192,565 units sold in the...

April 4, 2023

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Arjun Joshi

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Electric Vehicles

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Markets & Policy
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Norway EV Sales in 2022 Surged on Expectations of Higher Taxes in New Year

The market for electric vehicles (EVs) expanded further in Norway in 2022 with Norway’s Road Traffic Information Council data showing that 79.3% of all new passenger...

January 3, 2023

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Gourav Mishra

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Electric Vehicles

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Markets & Policy
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Electric Vehicle Sales Clocked a Record One Million Units in 2022

Electric vehicle (EV) sales in India reached a record one million units in 2022, a jump of over 300% against the 322,877 units sold in 2021. EVs accounted for 4.7% of...

January 2, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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SMA Solar’s 9M Net Income Fell 29% on Large-Scale Project Delays

Germany-based solar equipment manufacturer SMA Solar Technology recorded a net income of €11 million (~$11.38 million) in the first nine months (9M) of 2022, a...

November 15, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Electric Two and Four-Wheeler Sales Increase 183% YoY in Q3 2022

Retail sales of electric vehicles (EVs) clocked 257,278 units in the third quarter (Q3) of the calendar year 2022. This represents a 183% year-over-year (YoY) growth...

October 20, 2022

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Arjun Joshi

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Electric Vehicles

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Grid

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Market & Policy
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Electric Vehicle Sales Up by 333% YoY In the First Half of 2022

Retail sales of electric vehicles (EVs) clocked 390,399 units in the first half (1H) of the calendar year 2022. This represents a 333% year-over-year (YoY) growth...

July 6, 2022

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Arjun Joshi

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Electric Vehicles

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Grid
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Electric Vehicles Sales Decline 20% YoY in FY 2020-21

The Society of Manufacturers of Electric Vehicles (SMEV) has said 236,802 electric vehicles (EV) were sold in India in financial year (FY) 2020-21, registering a drop of...

April 23, 2021

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Staff

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Electric Vehicles

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Grid

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