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What is Innovation, Importance and How to do it

image source : unsplash Did you know? The iconic funnel top design of street lamps we are all so familiar with, is an innovation by Benjamin Franklin. Introduced in 1757, it was an improvement over the defective and difficult to maintain globe design that was then standard in London. Franklin addressed those problems and his solution was accepted with open arms.   image source : unsplash What is Innovation? Innovation is defined as the process of bring new invention i.e. ideas, approaches and technologies to customers in the form of products and services. The aim of innovation is to create viable solutions for a problem that is faced by people in an industry or the public. Do not confuse it with iteration, which is the process of developing incremental improvement in existing solutions. Henry Chesbrough the ideologist behind Open Innovation defines innovation as “Commercialization of inventions” . [Quote] Why is innovation important? Innovation is the tool that protects busines...
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Tesla India : What we know, How it affects the Indian EV market and Tata partnership rumor

Tesla Roadster 2 predicted to hit the streets in 2022   Tesla announced in January 2021 that will come to India, they have reportedly booked an office in Bangalore. A miss-leading tweet, of Tesla and Tata partnering to develop and launch electric cars blew-up the internet.   Tesla sure has a busy start to the new year, but is it ready to face the India crowd? Let’s discuss it.   What do we know about Tesla India? Elon Musk the CEO and Founder of Tesla Inc. confirmed its launch in India thought twitter.   As promised - Elon Musk — Elon Musk (@elonmusk) January 13, 2021 Tesla has been rapidly spreading its wings in the global car market. We saw a surge of almost +500% in Tesla share prices between March 2020 and January 2021; propelling Elon Musk to surpass Jeff Bezos as the richest man alive.   India is the second most populated country in the world and its not in Musk’s nature to miss out on such an opportunity.   How Tesla affects the EV market in India...
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INDEPTH : What are HEVs, parts and working principle

INDEPTH - On types of power trains in Electric Vehicles   Toyota Prius accounted for over 51% of all the hybrid electric vehicle sales in the year 2012, as reported by ADFC of US Gov . What is a Hybrid Electric Vehicles (HEV) ? BMW i8 is a hybrid sports car. image source : unsplash A hybrid electric vehicle (HEV) is a class of electric vehicles that utilise a combined power trained i.e. they have both a conventional fuel oil internal combustion engine and an additional electric motors to power the vehicle. Why were HEVs so popular?   Toyota Prius owned over 51% of HEV market. image source : afdc.energy.gov HEVs dominated the EV market in a time when the BEV (battery electric vehicle) technology was still as its infancy. Advantages of HEVs :   Toyota Prius 2021. image source : toyota.com # Has fewer emissions compared to traditional car  # Because of a mixed power train setup, they achieve better gas mileage # It delegates the range issues of a Battery Electric Vehic...
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