Page 8 - Electric Mobility

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

Govt reduces FAME-II subsidy on electric two-wheelers from June 1

The government has reduced the subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme applicable on electric two-wheelers registered on or after June 1, 2023. The Heavy Industries Ministry notified the changes. For electric two-wheelers, the demand incentive will be Rs 10,000 per kWh. The cap on incentives for electric two-wheelers will be 15 per cent of the ex-factory price of vehicles from 40 per cent at present. The Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) India scheme commenced on April 1, 2019, for a period of three years, which was further extended for a period of two years up to March 31, 2024. The total outlay for FAME Scheme Phase II is Rs 10,000 crore to provide incentives to buyers (end users or consumers) of electric vehicles to enable wider adoption, which may be encouraged as a purchase price. The scheme is exclusively for public and commercial transport in the segments of electric ...

Why is Tesla so confused about Indian market? Challenges and opportunities

Top Tesla officials are visiting India this week to speak with government officials and discuss local sourcing of parts and other issues

Auto parts firm Pricol moves CCI over Minda plan to buy 24.5% stake

Battle between the two firms began this February when Minda Corp bought 15.7% in Pricol for Rs 400 crore in the open market. Early this month, Minda sought CCI nod to buy 24.5% more in Pricol

Rana Group signs Sourav Ganguly as its new brand ambassador, details here

According to the data, the conglomerate likewise launched an electric three-wheeler for the L5 section alongside an appointment

Rana Group to invest Rs 1,900 cr in electric vehicle business in phases

The group announced the opening of 101 showrooms pan India and started billing electric three-wheelers to end customers

SMEV welcomes MHI's efforts to sort out pending issues with OEMs

The permissible imports should have been much higher to start with, say 70%: SMEV

Mahindra and Mahindra gears up for EV play, niche e-farm products

M&M aims to make 200,000 EVs a year around 2027

Simple Energy to launch maiden e-scooter in May, quiet on delivery schedule

Electric two-wheeler maker Simple Energy on Wednesday said it will commercially launch its maiden e-scooter Simple One next month but remained quiet on its delivery schedule. The Bengaluru-based EV startup has in the past come out with various delivery schedules. In October last year, the company had announced deferring deliveries of its maiden scooter to the March quarter. "With the launch (of Simple One) scheduled for May 23 in Bengaluru, the company will strive to disrupt the burgeoning electric 2-wheeler market in India," Simple Energy said in a statement. It, however, did not specify when the customers would receive the e-scooter, whose booking commenced from August 15, 2021, when it unveiled the vehicle some 20 months ago with a much fanfare.

Honda's EV roadmap: Dedicated factory, first two e-scooter models in a year

Capacity of plant in Karnataka would be ramped up in phases to produce one million units by 2030

Intend to take decisive steps through launch of Comet: MD, MG Motor India

MG Motor India on Thursday said it has christened its upcoming electric vehicle as Comet. The name derives inspiration from the iconic 1934 British airplane which participated in the England-Australia MacRobertson Air Race, the automaker said in a statement. Urban mobility is at a point of inflexion where new age solutions are needed to address both the current as well the forthcoming challenges," MG Motor India President and Managing Director Rajeev Chaba said. As the industry moves further into the digital age, there will be an exceedingly large number of innovations that could range from futuristic technologies to unique designs to clean mobility and many others, he added. "We at MG, through 'Comet', intend to take the needed decisive steps and a 'leap of faith' in the direction of creating solutions for a better future for each one of us," Chaba said.

Maruti will have six EVs by 2030, working to bring down battery costs

Senior exec says cost of acquisition is a key factor impeding EV adoption in India

Plan to invest in climate, electric mobility in India: Lightspeed's Taneja

At a time when large investors have reduced their investments in India as the funding winter persists, venture capital firm Lightspeed is betting big on the country

FAME investigations: Subsidy crunch hurting electric two-wheeler makers

Given the development, industry insiders say that the 1-million-unit target this fiscal year may not be achieved

Tesla to open its 7,500 charging stations in US to other EVs by 2024

The Biden administration has revealed new initiatives to install 5,00,000 electric vehicle chargers on US roads by 2030 under its $7.5 billion plan