Page 9 - Electric Mobility

FAME: Electric 2-wheeler manufacturers deny allegations of non-compliance

Allegations have been made that the manufacturers are availing subsidy benefits without complying with the localisation requirements

Ola launches its new e-scooter S1 Air, prices starting at Rs 84,999

EV manufacturer Ola Electric on Thursday launched its much-anticipated Ola S1 Air e-scooter, which comes available in three variants at a starting price of Rs 84,999

EV startup Zypp Electric nabs $25M to hit 30 Indian cities by 2025

EV-as-a-service platform Zypp Electric on Wednesday announced raising funds of USD 25-million under series B funding from a clutch of investors, led by Gogoro. The round is a mix of equity and debt funding, with the USD 20-million equity round and USD 5-million debt for fleet expansion from global impact fund IIX along with a large national bank participating the same, the company said. This is also the first time global impact funds and Indian banks are participating in EV debt for any fleet operator or startup in the country, it added. Besides Gogoro, the latest funding round also witnessed participation from new and existing investors like Goodyear Ventures, 9Unicorns, WFC, Venture Catalysts, LetsVenture, IAN, Ivygrowth, Grip & other angels. In November last year, Gogoro and Zypp formed a strategic B2B partnership to accelerate the electric transformation of fleets and last mile deliveries in India. Under the pilot project, Zypp and Gogoro are deploying 100 ...

Top players showcase next gen EV models at Hyderabad e-motor show

Top automotive players are showcasing their next gen electric vehicle models at the inaugural Hyderabad E-Motor Show, which began here on Wednesday

Telangana will play pivotal role in India's e-mobility transition: KTR

Telangana is committed to providing an impetus to electric vehicle adoption and aims to play a pivotal role in India's transition to electric mobility, state Minister for IT, Industries and Commerce K T Rama Rao said on Wednesday. Speaking after launching the first edition of the Hyderabad E-Motor Show as part of the ongoing Hyderabad E-Mobility Week, Rama Rao said Telangana has been a front-runner in adopting sustainability and clean energy, while we remain focused on making India self-reliant." "With our progressive EV adoption policy, and our ability to provide 24x7 electricity, we aim to become the most 'electrified state' in mobility in India," Rama Rao said, according to an official release. "We strongly believe India is well equipped to develop as a hub for manufacturing of electric vehicles and its supply chain," he said. KTR, as Rama Rao is popularly known, said Telangana is pursuing a comprehensive strategy to bring manufacturing of various components of the ecosystem suc

Electric passenger vehicles retail sales decline by 10.51% in Jan

Electric passenger vehicles retail sales declined by 10.51 per cent sequentially to 3,346 units in January 2023 over 3,739 vehicles sold in December last year, according to automobiles body FADA. Tata Motors's electric PV sales were down 17 per cent at 2,426 vehicles in January as against 2,926 units delivered in December 2022. MG Motor sales volume also dropped 12.55 per cent to 425 units against 486 units sold in the month earlier. BYD India reported 164 per cent growth in ePV volumes at 132 vehicles in January 2023 as compared to 50 vehicles retailed in December last year while BMW India sales stood 123 cars against 29 units in December 2022, according to FADA. Hyundai Motor India ePV sales were recorded at 111 units in the previous month over 91 units retailed in December 2022. The electric CV sales was recorded 23 per cent lower at 131 units over 170 units in December last year, as per FADA data. The e-three wheelers sale also dropped 3 per cent sequentially at 32911 vehicle

Sunlit Power partners with Lucas TVS for supply of 50,000 EVs to industries

Storage battery maker and distributor Sunlit Power has collaborated with Lucas TVS under which it will supply 50,000 electric vehicle motors and controllers manufactured by TVS group company to various industries, a release said on Monday. It will include motors with 1kw-15kw capacity for various applications including those for two-wheelers, high-speed passenger autos, and pick-up vans, Sunlit Power, which manufactures ARENQ brand of batteries, said in a statement. The three-year partnership with the automotive electrical component maker will also help the company extend its sales and marketing services to facilitate the distribution of these motors and controllers pan-India, the battery manufacturer said. "This collaboration is a step towards bolstering the EV powertrain industry in India. Our sales and service expertise, combined with Lucas TVS's motor manufacturing expertise, will provide automakers with high-end support. Also, we are looking forward to bolstering the capabiliti

FY24 budget should be favourable to EV industry: Kinetic Green CEO

'India has started adopting EVs as a mobility solution, and with continuous support from the government, we will make great progress in the coming decade'

Continue FAME subsidy till EV penetration touches 10%: Greaves Electric CEO

The govt subsidy for the purchase of EV to the vehicle makers should continue till the market reaches an EV penetration of 8-10 per cent, said a top official of Greaves Electric Mobility Private Ltd.

Govt support needed till EV penetration reaches desired level: Girish Wagh

Support provided by the government to promote electric and zero emission vehicles through schemes such as FAME II, need to be continued till penetration of such automobiles crosses a particular threshold with a good level of localisation, according to Tata Motors Executive Director Girish Wagh. There is also a case to consider the extension of the FAME II scheme, which will come to an end next year and include bigger electric buses to avail of subsidy, he told PTI. "The government has done a terrific job to promote, or more than promote I would say, ignite electric vehicle or zero emission vehicle demand. Whether it is FAME phase I, phase II, now PLI and state level incentives, a lot of policy measures, the government has really done a terrific job," he said. Wagh further said, "So, our expectation would be that the government continues with this till the electric vehicle penetration crosses a particular threshold where there is a good level of localisation. Once you have a particul

KTM chief says scope of electric vehicle mobility highly overrated

The head of Swiss sports bike maker KTM, which claims to be the world's No 1 premium motorbike brand and also sells tens of hundreds of e-bikes in Europe, is not confident of the capability of electric vehicles beyond a point and feels that optimism on this front is "highly overrated". KTM, which is primarily into high-end racing bikes, has a 50.1:49.9 manufacturing JV with Bajaj Auto. It will also be selling the electric model of the resurrected iconic Chetak scooters from the Bajaj stable in Europe from the first quarter of 2024. "The whole scope and capability of the concept of electric vehicle mobility is highly overrated. It's the result of mixing the laws of physics incorrectly and also by mis-reading the laws of energy," Stefan Pierer, the chief executive of Pierer Mobility that owns the KTM brand, told a select group of journalists at a media roundtable here. "I know it isn't easy to tell and convince the politicians about the sheer impracticality of attempting to make ...

Ather Energy plans to build new EV facility, produce 1 mn more 2-wheelers

Ather Energy said it is talking with several state govts for establishment of a factory to meet the demand as adoption of electric two-wheelers stabilises following several fire mishaps last year

Kerala committed to implementing e-mobility policy, says CM Vijayan

He said subsidies are being offered for purchase of e-autos and for retro-fitting old diesel autorickshaws with electric motors and battery

CESL accelerates on the green track, opens bids for 6,465 electric buses

The subsidiary of a joint venture owned by four public sector power companies is moving rapidly to enable the creation of a transport ecosystem based on renewable energy

Electric scooter maker WardWizard Innovations and Mobility's sales doubled

Electric two-wheeler maker WardWizard Innovations and Mobility Ltd on Tuesday reported an over two-fold increase in sales at 43,914 units in 2022. The company, which sells e-two-wheelers under the 'Joy e-bike' brand, had sold 18,963 electric two-wheelers in 2021, it said in a statement. In December 2022, the company said its sales were at 5,400 units as against 3,860 units in the year-ago month, a growth of 39.89 per cent. "The calendar year 2022 has been an important year in which the company achieved new sales milestones, entered into new segments and expanded its presence across global markets," WardWizard Innovations & Mobility Chairman & Managing Director Yatin Gupte said. As the adoption of electric mobility is increasing, he said, "We are expecting new opportunities in the industry; overcome previous challenges, and observe strong growth momentum.

SMEV seeks extension of subsidies for EVs under FAME-II in Budget

Society of Manufacturers of Electric Vehicles on Tuesday sought extension of subsidies for EVs under the FAME II scheme and also include light to heavy commercial vehicles in it to promote electric mobility. In its pre-Budget recommendations, the industry body also called for a uniform 5 per cent GST on spare parts for electric vehicles. "The validity of FAME II is set to expire on March 31, 2024. We believe FAME's validity needs to be extended since we have yet to meet the penetration the subsidy was supposed to catalyse," Society of Manufacturers of Electric Vehicles (SMEV) said in a statement. The new FAME II scheme should be linked to e-mobility conversion rather than being time-based, it added. The EV industry body said market trends suggest that e-mobility, particularly electric two-wheelers (E2W) has the potential to continue growing once it reaches 20 per cent of the total two-wheeler market. "The subsidy can be tapered thereafter," it said, adding the FAME II scheme shoul

Why India needs to build a robust framework to facilitate energy transition

The investment buzz for the transition has begun but policy frameworks still lag the process

EV makers optimistic about delivering fire-proof experience to riders

As India goes ballistic on the electric vehicle (EV) adoption, the real test of EVs, especially two-wheelers, will happen again with the onset of summer next year

Royal Enfield will be a disruptive player in electric motorcycles: CEO

"Now, we are in the execution phase for EVs. You will see products one after the other starting to come from 2025. When we come, it will be a disruptive motorcycle."

All charged up: 5 bidders in fray for India's largest electric bus tender

18 bids received for electric buses in eight slots based on bus size, specifications and state transport undertakings