Page 12 - Electric Vehicles In India

In a first, Tesla deliveries expected to dip 6% for second straight quarter

Tesla has hit a speed bump after years of rapid growth that helped make it the world's most valuable automaker

EV sales drop 14% to 106,081 units in June, signalling challenges ahead

Sector experts suggest that the sharp decline could be due to a combination of factors such as changes in government policies and customers shifting interest towards hybrids

From US to Japan, here's how strongest car unions deal with EV job losses

In South Korea, Hyundai Motor Co. and Kia Corp.'s moves toward electrification are provoking similar anxieties in that country's highly active and organised labour movement

Argentina about to unleash four new projects to churn out lithium

So far in Argentina, the lithium industry has centered on the provinces of Jujuy, Salta and Catamarca

BII bullish on Indian EV ecosystem, expects to invest $300 mn in 3 yrs: MD

British International Investment, UK's development finance institution, is betting big on the Indian electric vehicles ecosystem and expects to invest another USD 300 million in the next three years, according to its MD and Head of Technology & Telecoms, Abhinav Sinha. The company, which has backed Mahindra group's electric vehicles (EV) arm besides other startups like Euler Motors, Turno and Battery Smart, has already invested around USD 300 million in the Indian EV sector and sees further investment opportunities in EV manufacturing, components and financing segments in the country. "India has quite an evolved auto market... On the EV side, the penetration right now lags the rest of the world... The (overall) penetration of EVs in India is something like 6 per cent and we see it quite easily expand, double and more than double quite quickly," Sinha told PTI in an interview. He further said, "the leader today is China, but for India to be significantly ahead of where it is ...

Indian e-two wheelers better than other nations: Ather Energy co-founder

Indian electric two-wheelers are better than any electric two-wheeler in the world and the country can outpace their global counterparts in terms of design and technology, said Ather Energy co-founder Swapnil Jain on Saturday. Speaking at the 'Meet Rizta' event in Nagpur, which saw the attendance of Union Minister of Road Transport & Highways Nitin Gadkari, Jain highlighted the strides made by Indian manufacturers and stressed the country has a unique opportunity to become a technology exporter. During the event, Ather showcased its latest family scooter, Rizta, and the innovative Halo helmet to an audience of community members and electric vehicle enthusiasts. Addressing journalists, Jain emphasised the government's supportive role, despite a reduction in subsidies. "Even with decreased subsidies, we are thriving thanks to the 'Made in India' initiative," he stated. Indian electric two-wheeler is better than any electric two-wheeler in the world, he said, adding that the country

Eye on the green future, auto companies line up over Rs 2 trillion

Last week Tata Motors, the country's market leader in electric vehicles (EVs), said it was planning to spend Rs 16,000-18,000 crore as capital expenditure on its EV arm till FY30

Electric 3-wheeler sales rise 23% in May; industry awaits FAME 3: FADA

May 2024 has witnessed a slight recovery in E3W sales after the sector saw major decline following the end of the FAME 2 scheme in March

Electric vehicle owners can soon sell surplus battery power back to grids

The vehicle-to-grid (V2G) technology, similar to rooftop solar schemes, allows EV owners to sell the electricity stored in their vehicles to the grid

Citroen inks MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs

French carmaker Citroen on Monday said it will supply 2,000 units of its electric vehicle e-C3 to urban e-mobility player CAB-EEZ Infra Tech Pvt Ltd over the year. The two companies have signed a Memorandum of Understanding (MoU), under which the first 100 units of e-C3 were flagged off, Citroen India said in a statement. This further augments 200 e-C3 units already part of the Cab-E fleet taking the total to over 300 units operating across Mumbai and Pune, it added. "Cab-E has been one of the early adopters of the e-C3. Their continued choice of this product is a validation of Citroen's proposition as a key player in promoting sustainable transportation solutions," Citroen India Brand Director, Shishir Mishra said. Cab-E Director & CEO Kuldip Ghosh said, "This partnership not only benefits stakeholders but also propels Cab-E to a leadership position in the electric urban mobility market." Citroen e-C3 offers a range of 320 kilometre (ARAI-certified) per single charge and can ...

Looking forward to 'exciting work' in India, says Musk; congratulates Modi

American tech billionaire Elon Musk on Friday said he is looking forward to his companies doing "exciting work" in India as he congratulated Prime Minister Narendra Modi on his historic election victory. Modi will be administered the oath of office on June 9, his third consecutive term as Prime Minister. Congratulations @narendramodi on your victory in the world's largest democratic elections! Looking forward to my companies doing exciting work in India, Musk said in a post on X. The congratulatory message came two months after the CEO of the electric carmaker Tesla and microblogging platform X in April postponed his proposed visit to India due to "very heavy Tesla obligations". Musk -- who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Modi -- later wrote on X that he is looking forward to coming to India later this year. In June last year, Musk met with Modi during the latter's US visit and stated that he planned to visit India in 2024 while

Tripura to set up EV charging stations in Agartala, says power minister

A proposal seeking necessary funds has been placed before the Bureau of Energy Efficiency (BEE)

India unveils $500 bn investment opportunities in clean energy by 2030

India offers huge investment opportunities worth over USD 500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said on Thursday. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum. The meeting, which started on Wednesday, brought together the region's top investors, clean economy companies, and start-ups to mobilise investments into sustainable infrastructure, climate technology, and renewable energy projects. The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the

BluSmart launches 100% all-electric premium limousine service in UAE

Ride-hailing app said that its chauffeur-driven luxury service in Dubai will commence with a premium Audi e-tron car fleet

Ola Electric planning to layoff 400-500 employees to streamline operations

Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)

Post FAME-II: EV sales dip on incentive cuts, polls, and hybrid shift

Sector experts suggest that the sharp decline could be due to a combination of factors such as changes in government policies, customers shifting interest towards hybrids, and general elections

EV incentive scheme FAME 3 to roll out with Rs 10,000 crore outlay

Companies seeking incentives for the sale of electric vehicles will be required to apply for fresh certification under FAME-III

Volkswagen to develop low-cost electric car to tackle Chinese rivals

The target is to produce electric vehicles for the European market priced at around 20,000 euros ($21,746), Volkswagen said, adding that a world premiere was planned for 2027

Top EV ride-hailer BluSmart seeks $300 million in 3 yrs to expand car fleet

Part of the funding it raises will go toward the company's expansion beyond Delhi and the southern Indian city of Bengaluru. BluSmart will launch in Dubai next month with about 100 Audi EVs

Zypp Electric raises $15 million funding from Japanese firm ENEOS

EV-as-a-service platform Zypp Electric on Monday said it has raised USD 15-million funding from Japanese firm ENEOS. The series C funding comprises USD 15-million in equity closure, as part of its ongoing USD 50-million round, which comprises USD 40-million in equity and USD 10-million in debt, the company said in a statement. The fresh capital raised under Series C, in which other investors existing investors 9unicorns, IAN fund, venture catalysts, WFC and others also participated, will be utilised to expand Zypp's fleet from 21,000 to 2-lakh electric scooters and extend its services to 15 cities across India by 2026, it added. The fresh investment will help Zypp in the last-mile delivery space with sustainable EV solutions, said Akash Gupta, Co-founder and CEO of Zypp Electric. "We are eager to expand our fleet and enhance our tech platform, driving significant growth across India. These funds will be utilised to drive the company towards the full path of growth along with earni