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Kia teases EV6, its first dedicated EV

Kia Corporation has revealed the first official images of the EV6 – its first Dedicated Battery Electric Vehicle (BEV) built on the company’s new EV platform (Electric-Global Modular Platform, or E-GMP). EV6 is also the first of Kia’s next-generation BEVs to be developed under a new design philosophy that embodies Kia’s shifting focus towards electrification. “EV6 is the embodiment of both our brand purpose, ‘Movement that inspires’, and our new...

Tata Motors to raise $1 BN in its Passenger EV business at a valuation of upto $9.1 BN from TPG Rise Climate

Tata Motors Ltd (TML) and TPG Rise Climate have today entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated. TPG Rise Climate along with co-investors shall invest Rs 7,500 Cr in compulsory convertible instruments to secure between 11 % to 15 % stake in this company translating to an equity valuation of up to $9.1 bn. The new company shall leverage all existing...

Kia announces its entry into India’s EV market; to bring in limited units of EV6

Kia India, the fastest-growing carmaker in the country, announces its entry into the Indian EV market with EV6. The first BEV from Kia, the EV6, is globally acclaimed for its design, quality, and features and was first unveiled globally in March 2021. The vehicle is built on Kia’s new dedicated EV platform E-GMP and is pegged to offer premium mobility solutions to its customers. The most hi-tech Kia ever made, the EV6 is a true game-changer, designed from the ground up to make electric ...

Hyundai to lead EV Revolution in India with its dedicated BEV Platform E-GMP

Hyundai Motor India Limited (HMIL), country’s first smart mobility solutions provider and largest exporter since inception, today announced the introduction of its dedicated BEV Platform E-GMP (Electric Global Modular Platform) for India. With the introduction of its dedicated BEV platform, the company will take the lead in driving the BEV revolution for Smart Indians. Hyundai IONIQ 5 will be HMI’s first model to be introduced on the E-GMP Platform and bec...