Page 10 - Electric Vehicles In India

JSW MG Motor India expects EVs to make up 65% of sales by end of 2025

JSW MG Motor India on Friday said it expects up to 65 per cent of its total sales to come from electric vehicles by the end of this year. The company, whose all-electric crossover utility vehicle Windsor has crossed 20,000 units cumulative sales milestone in six months, had 50 per cent of its sales from EVs in 2024. It had sold a total of 60,000 vehicles in 2024. At present, JSW MG Motor India sells three EV models -- ZS, Comet and Windsor -- and three internal combustion engine (ICE) vehicles -- Hector, Astor and Gloster. "EVs are constituting more than 60 per cent of sales in our M-o-M (month-on-month) sales in CY25. We will carry this momentum throughout the year and are confident that our EVs will drive 60-65 per cent of our total sales by year end," JSW MG Motor India Director Sales & Marketing, Rakesh Sen said. JSW MG Motor India is also expanding its new energy vehicle portfolio with MG Cyberster and MG M9, which will be retailed through its newly 'accessible luxury' ...

Maha govt clears road for e-bike taxis, aims to create 10,000 jobs in MMR

The Maharashtra cabinet on Tuesday approved introduction of electric-bike taxis for cities with at least one lakh population, a move which will benefit single passengers travelling up to 15 km and cover Mumbai besides several other urban centres in the state. The measure will create more than 10,000 jobs in the Mumbai Metropolitan Region (MMR) and another 10,000 in the rest of the state, state Transport Minister Pratap Sarnaik said. Talking to reporters, he said e-bikes with a proper partition between front and pillion riders and a roof cover for monsoons will be allowed to ferry people. Sarnaik made the announcement after a weekly cabinet meeting chaired by Chief Minister Devendra Fadnavis at the Sahaydri guest house approved the proposal to launch electric-bike taxis in major urban areas. He said the cabinet has only approved the policy on launching e-bike taxis, and a revenue model is being finalised and would be announced soon. Security of passengers and affordable tariffs ...

Govt weighs EV charging expansion across key infra with ₹2,000 crore fund

India aims to increase the number of public EV charging stations from the current 32,500 to 72,300 by the end of 2025-26

BYD to build a plant in India: Can it reshape the car and EV market?

BYD's India entry will spark a new EV battle. Can it outpace local giants and repeat its China triumph over Tesla, or will the competition reshape India's electric mobility landscape?

Maha govt has shelved proposal to levy 6% tax on high-end EVs: CM Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Wednesday announced in the legislative council that the government won't implement its proposed 6 per cent tax on electric vehicles (EVs) priced above Rs 30 lakh. The announcement came while Fadnavis was responding to a question by Shiv Sena (UBT) leader Anil Parab during a discussion in the Upper House on EVs and air pollution. Parab raised concerns over the proposed tax, saying it would go against the Centre's efforts to promote non-polluting EVs through various incentives. The Maharashtra government's proposal to levy a 6 per cent tax on EVs above Rs 30 lakh would be counter-productive and contradict the broader objective of encouraging clean mobility, Parab said. Fadnavis conceded and said the government has concluded that the tax won't generate significant revenue. It could send a wrong signal about our commitment to electric mobility. Therefore, the state government will not go ahead with the 6 per cent tax on high-end electric

Prices of EVs to be same as petrol cars in 6 months, says Nitin Gadkari

Prices of electric vehicles (EVs) will be equal to those of petrol vehicles in the country within six months, Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday. Addressing the 32nd Convergence India and 10th Smart Cities India Expo, Gadkari further said the construction work of the 212-km Delhi-Dehradun access-controlled expressway will be complete in the next three months. "Within six months, the cost of electric vehicles will be equivalent to the cost of petrol vehicles," he said. The minister said the government's policy is import substitute, cost-effectiveness, pollution-free and indigenous production. To make India the third-largest economy, the country needs to improve its infrastructure sector, the Union minister said. "By making good roads, we can reduce our logistics cost," he added. Gadkari asserted that the future of the country's economy is very good and the government is committed towards smart cities and smart transport. "We are working on

Saving about Rs 90 cr per month from cost-cut measures, says Ola Electric

Ola Electric, in which the SoftBank Group has a significant stake, reported a wider quarterly loss of Rs 564 crore in the October-December quarter as it offered heavy discounts to lure customers

Ultraviolette may invest up to $100 mn in 4 yrs, eyes 100k annual sales

Premium electric two-wheeler maker Ultraviolette plans to invest up to USD 100 million (nearly Rs 870 crore) in the next three to four years to fuel growth, including expansion of product portfolio, manufacturing and network, according to its founders. The company, which announced plans to bring ten new products, including scooters and long-range cruiser bikes, in the next three years, is targetting annual sales of 1 lakh units in this period, with presence not just in India but also in Europe and South East Asia, Ultraviolette CEO & Co-founder Narayan Subramaniam, and CTO & Co-founder Niraj Rajmohan told PTI. Rajmohan said the company has already made investments on R&D to build the fundamental building blocks, including charging systems, battery systems, motor control and vehicle control electronics, smart connected systems and advanced sensing systems. "We are in discussions from a larger investment point of view in the order of the USD 70-100 million that is meant to ..

Ashwini Vaishnaw to visit electronic manufacturing cluster in Telangana

Supported by the state and central government together, this electronic manufacturing cluster in Divitipally used mainly for battery packs, cell manufacturing and lithium batteries

This industrialist thinks Elon Musk will not succeed in India. Here's why

Industrialist backs domestic manufacturers, calls India a great platform for entrepreneurs

EV major Ola Electric lays off over 1,000 employees amid mounting losses

SoftBank-backed Ola Electric has laid off over 1,000 employees as part of a restructuring move to cut costs and improve margins, even as it struggles with mounting losses and rising competition

Hero Electric's bankruptcy: EV pioneer faces insolvency over Rs 301 cr debt

Hero Electric, India's first e-scooter maker, enters insolvency under IBC with Rs 301 crore in admitted claims; bidders invited as creditors decide its fate amid EV market growth

Euler Motors joins hands with Tata Power Renewables for fast chargers

Electric commercial vehicle maker Euler Motors on Monday said it has tied up with Tata Power Renewables for fast chargers. As per the long-term Memorandum of Understanding (MoU), Tata Power Renewables will provide fast chargers for the customers of Euler Motors, the company said in a statement. With this, Euler Motors customers will be able to access fast chargers at important high demand locations along their daily routes, it added. The company customers will receive smart cards, allowing seamless and easy access to Tata Power Renewables charging stations, Euler Motors stated. Through this MoU, Tata Power Renewables will install, operate, and maintain fast chargers, ensuring high uptime and reliability, while Euler Motors will facilitate rent-free spaces for Tata Power's chargers, reinforcing the mutual commitment to advancing India's EV ecosystem, it said. "Charging infrastructure is a key ingredient to enable EV adoption, and fast charging is a customer preference as it enables

Govt calls for Siam proposals to rev up electric car adoption in India

EV sales growth in India slowed in 2024. About 99,165 electric cars were sold last year, marking a 20 per cent year-on-year (Y-o-Y) increase, according to the FADA

India's EV push needs high-speed trains to match China's adoption rate

If linking trains to EVs seems odd, that's only because the complementary nature of the two modes of transport has gone unexplored

Number of operational EVs in India likely to cross 28 mn mark in 2030: IESA

The total number of operational electric vehicles (EVs) in India is likely to cross the 28 million-mark by 2030 fuelled by increasing demand and incentives, the India Energy Storage Alliance (IESA) said in a report. India continues to make significant and sustained inroads in its decarbonization journey, with rapid increase in sales of EVs, supported by demand and supply incentives, growing consumer demand, and a focus on developing charging infrastructure, IESA said in a statement. The outlook for electric vehicle sales continues to be positive, driven by increasing environmental awareness, customer interest, advancements in battery technology, and readily available and easily accessible EV charging infrastructure, it said. India's cumulative electric vehicle (EV) sales crossed 4.1 million units in the fiscal year 2023-2024. IESA, a leading alliance focussed on e-mobility, energy storage, and hydrogen, forecast that the cumulative number of EVs in operation will likely cross 28 ..

Can 'Make in India' help Tesla navigate increasing global roadblocks?

After prolonged speculation about Tesla's entry into the Indian market, the Elon Musk-led EV major has begun the process of setting up its manufacturing unit in India

Tesla likely to enter India with Model 3 & Model Y; check price and specs

In its initial phase, Tesla is likely to introduce the Model 3 and Model Y in India. However, both models are currently priced way above $25,000 in international markets

Matel teams up with Honda Power Pack for swappable EV battery solutions

Matel Motion & Energy Solutions on Wednesday said it has partnered with Honda Power Pack Energy India to integrate its ePowertrain with the latter's swappable battery solution. This collaboration aims to provide electric vehicle (EV) manufacturers with swappable battery solutions, Matel Motion & Energy Solutions Pvt Ltd (Matel) said in a statement. "This initiative will play a crucial role in driving EV adoption across India by providing a practical and cost-effective solution for vehicle manufacturers and users alike," Matel Co-founder and Director of Business Development & Partnerships, Netaji Patro said. The introduction of swappable battery technology addresses challenges of range limitations and lengthy charging time, particularly in the commercial segment where operational downtime translates to lost revenue, by enabling users to exchange depleted batteries for fully charged units at designated swapping stations in minutes. Honda's swappable battery, backed by ...

PMI Electro Mobility secures Rs 250 crore funding for strategic EV growth

Electric commercial vehicle manufacturer PMI Electro Mobility Solutions on Friday said it has secured a Rs 250-crore strategic investment from a consortium of investors through a preferential allotment of equity shares, in its second round of private equity funding. The consortium led by Authum Investment & Infrastructure Limited (Authum), includes Antique Securities and associated HNI family offices and Nikhil Kamath-backed Gruhas, the company said. The fresh capital infusion will enable the company to accelerate its strategic initiatives, including the development of innovative solutions, technological advancements in production capabilities, and scaling of operations, PMI Electro Mobility said. These advancements will further strengthen the company's position in India's burgeoning electric vehicle (EV) sector and contribute significantly to sustainable urban mobility, it added. Incorporated in 2017, the eCV maker has a 2,500 unit annual capacity production facility in ...