Ola Electric has sold quite ₹1,100 crore worth of electrical scooters during a two-day sale, the electrical vehicle company controlled by Ola Cabs’ co-founder Bhavish Aggarwal said. The company offered its first electric scooter range comprising the S1 and S1 Pro models to customers. On Wednesday, the primary day of the sale, Ola Electric clocked […]
Gold Price Today: Strong dollar, gains in equities weigh on gold prices; see what experts say
Gold traded lacklustre while silver was up with mild gains in early trade the domestic futures trade on Citizenship Day in light of weak global cues. In the previous session, gold and silver prices fell after upbeat US economic data and strength within the dollar index. The dollar traded near three-week highs, denting the appeal of gold as a safe-haven asset […]
How the new PLI scheme is likely to boost the EV industry
The Union Cabinet approved a PLI scheme (Production-Linked Incentive) which promotes advanced technologies, chief of which is battery electric technology. The scheme, which has been within the works for a few time, offers an incentive of Rs 26,058 crore, which can be provided over a period of 5 years. Lauded for its timely introduction and therefore the benefits it’ll bring back the EV space, many industry heads have come […]