CURRENT AFFAIRS

Detailed explanation-1: -Energy Efficiency Services (EESL) has selected Tata Motors and Hyundai Motor India in an international bidding process for procurement of 250 electric vehicles (EVs) for government entities. Tata Motors will supply 150 Nexon electric compact SUVs and Hyundai will supply 100 Kona electric premium SUVs.

Detailed explanation-2: -Tata Motors’ EV sales for December 2022 stands at 3, 868 units, recording a YoY growth of 64.2 percent. This includes domestic sales as well as marginal exports numbers as well. In the same period last year, Tata managed to sell 2, 355 EVs.

Detailed explanation-3: -Tata Motors, one of India’s premier electric vehicle manufacturer, is leading the EV four-wheeler segment with a massive 90 per cent market share. The carmaker has so far sold more than 36, 000 electric cars this year. It aims to end 2022 closer to 50, 000 EVs, a record by itself.

Detailed explanation-4: -Top EV Stocks in India #1 – Mahindra Electric Mahindra is the pioneer of EV in the Indian space. Being the first major EV manufacturer it launched Mahindra Reva, its first EV as early as 2001. The Mahindra Reva was India’s first electric car.

Detailed explanation-5: -Tata Motors has announced partnership with EC Wheels India, an associate of Steelman Group and an app based cab service in Kolkata. The carmaker will deliver 1, 000 XPRES T electric sedans to the company as part of the deal.