Page 7 - Electric Mobility

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

Gogoro gets Maharashtra nod to set up $1.5 bn smart battery infra

The proposed 'Ultra Mega Project' deal includes financial incentives and support from the Maharashtra government

TVS, Zomato form alliance to ensure greener, cheaper last-mile mobility

As a part of the partnership, TVS will develop electricity-powered two-wheelers which will be used by Zomato delivery personnel

FAME subsidy cut, subsequent price hike take e-scooter sales down 61% MoM

The dip in sales has come after electric two-wheeler manufacturers hiked the prices of their products by 15-18 per cent

We will bring vehicles that will run 100% on ethanol soon: Nitin Gadkari

Toyota will launch Camry in August this year which will run 100% on ethanol. The car will also generate 40% electric power

Chandigarh to stop registration of non-electric two-wheelers by July

The policy is part of the Chandigarh administration's plan to reduce pollution and move towards green mobility

FAME-II subsidy cut likely to disrupt EV sector growth: SMEV to NGT

Seeks support for a Green Tax on ICE 2-Wheelers

Amid India's EV buzz, Kolkata's electric trams struggle to keep rolling

The tram service has shrunk due to work on the metro, reconstruction or maintenance of bridges, traffic, and state policies

Centre to float tender for 3,500 electric buses in nine big cities

Fund diversion and savings on previous order to help meet the subsidy cost

How FAME scheme changes impact electric vehicle fortunes in India

Sharp cutbacks in the incentive scheme is likely to put the brakes on this market

Hero MotoCorp hikes price of e-scooter VIDA V1 Pro by Rs 6,000 from June 1

The country's largest two-wheeler maker Hero MotoCorp has increased price of its electric scooter VIDA V1 Pro by around Rs 6,000 in order to offset the impact of curtailed subsidy structure on electric two-wheelers coming into effect from June 1. The company's flagship electric scooter VIDA V1 Pro will now be available at Rs 1,45,900 including FAME II subsidy and portable charger. This is an increase of around Rs 6,000 from the earlier pricing. When contacted, a company dealer confirmed the development and noted that the two-wheeler maker has absorbed the major impact of the reduction in subsidy under FAME II effective June 1, and passed on only a small fraction of the additional cost to the prospective buyers. A comment from the company could not be ascertained immediately. For electric two-wheelers, the maximum subsidy cap, which was 40 per cent of the ex-factory price, has been reduced to 15 per cent by the Ministry of Heavy Industries. As per the industry sources, the FAME II

EV2W prices shocks prospective owners after govt revises FAME II subsidy

While they are powered by electricity, their new prices are giving shocks to the prospective buyers.

E2W firms look to rejig prices and features to cope with subsidy cut

Of the 300-odd e2W makers in India, 28 were registered on the FAME portal.

Delhi to get 1,500 electric buses by end of 2023; says Kailash Gahlot

The minister further added that three bus depots- Rajghat, Mundela Kalan, and Rohini Sector 37 are already operational with charging and parking facilities for electric buses

Conventional 2W makers take prime spot in EV sales, courtesy Bajaj, TVS

Ola has said it is ramping up its two-wheeler capacity from 500,000 to 2,000,000 with incremental investment

Entire E2W supply chain under stress as govt stance on subsidy hardens

Uncertainty over direction of govt policies is slowing investments and purchases; vehicle and ancillary makers need 5-year policy perspective to take investment calls, say industry experts

Global mobility firm Flix to enter India in early 2024 with bus service

Company operates in 40 countries, owns US transport firm Greyhound

Second round of probe finds four more firms in FAME-II scheme violations

However, from June 1, 2023, the Centre has slashed the subsidy for electric two-wheelers to Rs 10,000 per Kwh

Simple Energy launches 'India fastest' e-scooter with 200 km range

Bengaluru-based raising funds for its product that has got advance bookings for more than 100,000 units in 18 months