electric vehicle sector News

Ola Electric Announces Major Layoffs Amid Rising Financial Losses

Ola Electric is undergoing significant restructuring, leading to over 1,000 job cuts as it faces widening losses and market challenges. The company aims to automate processes and i...

India's 2025 Budget Breakthrough: FM Sitharaman Announces Game-Changing Customs Duty Exemption on Lithium-Ion Battery Scrap

Finance Minister Nirmala Sitharaman announces a customs duty exemption on lithium-ion battery scrap in the Union Budget 2025, aiming to boost India's manufacturing and recycling in...