Ola Electric to set up EV design centre in the U.K.
The Hindu
Firm to invest $100 mn in R&D facility
Ola Electric said its global centre for advanced engineering and vehicle design, Ola Futurefoundry, would be based in Coventry, U.K, a global hub for automotive design and engineering talent in the world.
The EV maker said it would invest more than $100 million over the next five years in Futurefoundry, which would employ more than 200 designers and automotive engineers.
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The U.S. government has granted an annual licence to Samsung Electronics and SK Hynix to bring in chip manufacturing equipment to their facilities in China for 2026, two people familiar with the matter said
Ola Electric's Roadster X+ bike receives government certification, marking a milestone in India's electric vehicle technology with an in-house 4680 battery.
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Australia will eliminate tariffs on all Indian exports starting January 1, 2026, enhancing trade under the Economic Cooperation Agreement.
Sensex drops 346 points for the fourth consecutive day amid foreign fund outflows and low year-end trading activity.