Page 6 - Electric Mobility

Spot in top 10 manufacturers, Net Zero status: Ashok Leyland outlines goals

At present, the company is the 20th largest commercial vehicle manufacturer in the world

At 75, Ashok Leyland shifts to top gear on EV business in India, overseas

Its arm Switch Mobility has captured 20% of India e-bus market within two years of inception; plans two EV products every year for next five years

Heavy industries' ministry scraps human safety tests for EV batteries

The ministry's testing parameters were more stringent than the MoRTH norms and required checks at three levels - the cell, battery management system, and the battery pack

Ather Energy raises Rs 900 cr from Hero MotoCorp and GIC for expansion

Electric two-wheeler manufacturer will use funding to launch new products, expanding charging infra

EV maker Ather Energy's revenue jumps 4.4 times, loss 2.5 times in FY23

The company is not expecting to achieve profitability this year due to the recent changes made by the government in the subsidy regime

Ather Energy to make net profit in 24 months, plans to raise more funds

The company is raising funds to help set up a new factory and strengthen R&D

Weekend Bites: E-transport, falling rupee, moon shot, and horror in court

In which we munch over the week's platter of news and views

Centre to scrap tender for 4,675 e-buses amidst lacklustre OEM response

The tender, issued on January 4, 2023, failed to attract bids from automakers such as Tata Motors, Ashok Leyland, and PMI Electro Mobility, leading to speculation about its cancellation

Tata Power launches RFID-enabled cards to support its EV charging ecosystem

Tata Power on Monday launched a radio-frequency identification card, which, it said, will help accelerate the adoption of electric vehicles in the country. With the launch of the card, Tata Power aims to leverage its electric vehicle (EV) charging infrastructure, which includes over 40,000 home chargers, more than 4,000 public and semi-public charging points, and 250 bus-charging points across the country, the company said in a statement. The radio-frequency identification (RFID) card was launched by Praveer Sinha, chief executive officer and managing director (MD), Tata Power, along with Shailesh Chandra, MD of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility. The card offers convenience with its tap, charge, and go functionality, the statement said. The card features a built-in chip that enables efficient, secure, and seamless initiation of charging sessions and payments, it said.

Demand drivers

Govt support for EVs needs a review

Pawan Munjal-backed Exponent unveils 15-minute charging tech for EVs

The energy-tech startup plans to expand operations to five new cities by the end of FY '24 and is targeting to deploy 1,000 e^pumps and 25,000 EVs powered by Exponent, by 2025

Uncertainty in battery cells biz demands realistic incentives from govt

In India, nearly all cells going into EVs are imported, and that's where the big challenge lies

FAME investigation paves way for indigenous EVs, fair competition: OEMs

Disbursement of halted claims will help drive sales in the festive season

PMI Electro Mobility signs pact with REC for Rs 480 cr financial assistance

Electric commercial vehicles manufacturer PMI Electro Mobility on Saturday said it has signed an agreement with public-sector enterprise REC Limited to provide finance for its commercial EVs. PMI Electro Mobility MD Satish Jain said the signing of the memorandum of understanding (MoU) took place during the "Green Finance" Summit organised by REC Limited (formerly Rural Electrification Corporation) on the sidelines of the Clean Energy Ministerial and Energy Transition Working Group Ministerial meeting, which culminated on Saturday. As a part of the MoU, PMI will have the ability to avail Rs 480 crore of financial assistance from REC in the form of debt for funding requirements. The "Green Finance" Summit hosted by REC Limited, in conjunction with the Indian Government's G20 Presidency, presented a unique platform for industry leaders, policymakers and stakeholders to collaborate and forge meaningful partnerships that advance the nation's transition towards clean energy and green ...

Subsidies should be cut gradually: Hero Electric MD Naveen Munjal

In June, electric two-wheeler sales decreased in India by 56.3 per cent month-on-month (m-o-m) to 45,806 units, primarily due to the aforementioned price hikes

UK set to win battle for electric Jaguar Land Rover battery plant

Tata has chosen a site in Somerset, west England, owned by Salamanca Group, an investment and advisory business with roots in real estate, people familiar with the plans said

Made in India Tesla for Rs 20L? Company in talks with govt to set up plant

Tesla already has a substantial presence in China, and now, the company is looking at India as an export base to supply cars to other markets in the Indo-Pacific region

Auto component makers stepping up investments in green mobility business

In FY23, e-two-wheeler (E2W) penetration jumped to 4.5 per cent from 1.9 per cent in FY22, data released by the Federation of Automobile Dealers Associations shows

Huge opportunity in electric tractors, trucks: Tube Investments of India

Engineering company Tube Investments of India Ltd is looking to tap a huge opportunity for electric tractors in agriculture and e-trucks in the commercial vehicles as it eyes a larger presence in the electric vehicle segment. The company, part of the diversified conglomerate Murugappa Group, is currently engaged in the manufacturing of e-tractors at its facility in Apex Park in Chennai and for e-trucks in Manesar in Haryana, Executive Chairman M A M Arunachalam said. "The automotive sector in India is shifting towards sustainable mobility. Environmental mandates to reduce CO2 emissions are driving countries towards the adoption of cleaner, non-fuel, non-polluting modes of transportation," he said. Electric vehicles have emerged as the forerunner of the clean and green transportation mission with wide global adoption, the senior official said. Tube Investments of India forayed into the electric vehicle business with the acquisition of 65.2 per cent stake in IPLTech Electric Pvt Ltd

10% of country's fuel pumps now offer EV charging facilities, IOCL leads

5,600 IOCL pumps offer EV charging facilities which come at about 15 per cent of its total 36,400 fuel pumps across the country