Page 16 - Electric Vehicles In India

Skoda Auto plans to enter mass market of electric vehicles segment in India

Czech carmaker Skoda Auto plans to enter the mass market of electric vehicles segment in India, for which it is exploring all options, including partnerships with local companies for economies of scale, company's management board member Martin Jahn said on Wednesday. The company is gearing up to enter the electric vehicles segment in India this year and is currently testing its premium electric SUV Enyaq. "We are exploring all the options. I am not at liberty to give you any details on this because no decision has been made. We are looking at everything we want to bring volume electric car to India," Jahn, who is the member of the Board of Management for Sales and Marketing Skoda Auto, said here in an interaction. He further said, "How and when we are going to do it, we do not know yet. We are looking at the options that would be the best for India. But we of course want to participate in the growth of the electric (vehicle) market in India." When asked if Skoda Auto is looking fo

India's EV revolution is spreading from auto rickshaws to motorbikes

The place where road transport is shifting most rapidly to battery power isn't Oslo or Shenzhen, but Delhi. E-rickshaws took a 54% share of India's three-wheeler market last year

MG Motor India, JSW Group joint venture may go live in a few weeks

MG expects EV penetration in India to hit 4% in CY24

Bajaj Auto enhances stake in Yulu Bikes with Rs 45.75 cr investment

Bajaj Auto on Thursday said it has invested an additional Rs 45.75 crore in electric bike-sharing platform Yulu Bikes. Post the fresh investment, the company's shareholding in Yulu Bikes stands at 18.8 per cent of the paid up equity share capital of the electric bike-sharing platform, Bajaj Auto said in a regulatory filing. In 2019, Bajaj Auto announced an investment of USD 8 million (around Rs 66 crore) in Yulu to boost electric vehicle adoption in India.

VinFast Auto to break ground for Tamil Nadu EV facility on February 25

The establishment of VinFast's integrated electric vehicle facility in Tamil Nadu is anticipated to generate approximately 3,000 to 3,500 employment opportunities locally

Zoomcar, SPARKCARS to develop EV self-drive, aim to add 1,000 cars in 2 yrs

Car sharing marketplace Zoomcar on Tuesday said it has partnered with electric vehicles self-drive rental firm SPARKCARS with a plan to introduce over 1,000 EVs on its platform across India within the next two years. The partnership will help increase the supply of EV cars available for self-drive to meet the growing needs of convenient and independent travel, the company said in a statement. "Zoomcar and SPARKCARS will introduce over 1,000 electric vehicles to Zoomcar's platform across India within the next two years. These additions will include popular models such as the TATA Nexon, Mahindra XUV 400, Citroen eC3, and many others, offering users a diverse array of eco-friendly options for their mobility needs," it said. Zoomcar CEO and Co-Founder Greg Moran said the partnership follows the direction of the government's growing focus on boosting the EV ecosystem. "We are not just adding EVs to our platform; we are empowering our guests with a variety of sustainable choices and ...

JSW Group, Volkswagen in talks for electric vehicle joint venture in India

This proposed project with Volkswagen would be distinct from the joint venture already underway with SAIC Motor Corp, wherein JSW Group holds a 35% stake

Jindal-owned JSW plans to produce EVs in Rs 40,000 cr investment push

Sajjan Jindal keen to produce Made in India electric car/CVs

LG Energy plans to sell batteries to more electric scooter makers in India

LG Energy's India unit dominates the supply of battery cells to domestic e-scooter makers such as Softbank Group-backed Ola Electric and domestic rival TVS

Kinetic relaunches iconic Luna after 2 decades in electric avatar

Luna was launched in 1972 and it went out of production in 2000

Rooftop solar charges up electric vehicle boom in India's smaller cities

Rajasthan, Gujarat, and Kerala see more users

Snap-E Cabs raises $2.5 million, plans to add 300-400 EVs by FY24

Electric vehicle ride-hailing platform Snap-E Cabs on Monday said it has secured USD 2.5 million in a pre-series A round led by Inflection Point Ventures (IPV). The fresh funds will fuel talent acquisition, technology upgrades, new services and geographical expansion, officials said. It will enable Snap-E Cabs to add 300-400 EVs and expand to two-three new cities by the end of the current fiscal year, they said. Kolkata-based Snap-E Cabs, which was founded in 2022 by Mayank Bindal and Jaydip Mukherjee, aims to operate 1,500-2,000 EVs across five cities by the 2024-25 fiscal. At present, it operates 600 EVs in Kolkata. "India's ambitious EV goals can significantly impact global oil markets... and transition to sustainable development," Bindal said. Rahul Wagh, Managing Director of IPV, said: "Climate change is a global threat... and EVs are crucial for decarbonising transportation. This investment aligns with India's goal of 30 per cent electric vehicle penetration by 2030, he sa

Eicher enters small commercial vehicles segment, unveils 'EV-first' truck

The vehicle is scheduled for customer trials in April 2024, with a commercial rollout expected in the first quarter of 2025

BMW eyes India's emerging electric car mkt with focus on affluent consumers

BMW, which introduced battery-powered vehicles in India last year, currently sells five electrified models, the most among all carmakers

Budget 2024: Govt to bolster EV ecosystem in the country, says Sitharaman

Sitharaman announced that the government will continue its support for manufacturing and charging infrastructure

Budget 2024: What did FM Nirmala Sitharaman say on green mobility and EV

The Centre proposes mandatory blending of natural gas for transport, building a strong electric vehicle ecosystem and encouraging entrepreneurship among youth in the Interim budget 2024 speech

Tesla to take shareholder vote on shifting incorporation to Texas: Musk

Tesla Inc will move immediately to hold a shareholder vote to transfer the electronic vehicle (EV) maker's state of incorporation to Texas from Delaware, Musk said

Odisha clears JSW's Rs 40,000 cr proposal to set up EV manufacturing units

The Odisha government on Monday approved 14 proposals including the JSW Group's plan to set up electric vehicles and component manufacturing units in Cuttack and Jagatsinghpur districts with an investment of Rs 40,000 crore, a senior official said. The proposals were approved at the Cabinet meeting chaired by Chief Minister Naveen Patnaik. "The Cabinet approved a special incentive package for the JSW Group's ambitious EV and component manufacturing projects at Naraj in Cuttack, and Paradip in Jagatsinghpur district", chief secretary Pradeep Kumar Jena told reporters. These projects, with a combined investment of over Rs 40,000 crore and employment potential of over 11,000, are set to usher in a new era of industrial growth and job creation in the state, he said. The JSW Group has proposed to set- up an EV & EV battery manufacturing project at Naraj, Cuttack. The company is also planning to set up an original equipment manufacturing (OEM) plant for EVs and components in the same ...

Tata Motors to commence EV production at Sanand plant from April 2024

Tata Motors plans to commence production of electric vehicles at the Sanand plant, acquired from Ford India, from April this year, as per a top company official. Tata Passenger Electric Mobility Ltd, a unit of Tata Motors, acquired the facility from Ford India for Rs 725.7 crore in January last year. "We are planning to commence electric vehicle production at Sanand with Nexon EV from April," Tata Motors Passenger Vehicles MD Shailesh Chandra told PTI. The company has already commenced production of internal combustion engine-powered versions of the Nexon at the manufacturing plant with an installed capacity of 3 lakh units per annum. It can be further scaled up to 4.2 lakh units per annum. Chandra said the company is also looking to produce upcoming models at the facility. When asked about the company's product pipeline, he said that Curvv EV would be introduced around the second or third quarter of this calendar year. "We are also hoping that by the fag-end of this year, we sh

EVs adoption key for transition to low carbon economy by 2047: DPIIT secy

The vision to make India a developed nation by 2047 includes a major shift towards electric vehicles, supported by tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure, a top government official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy. "The comprehensive vision for 2047 includes a substantial shift towards electric vehicles across various segments, supported by tax incentives, Production Linked Incentive (PLI) schemes, and the mandatory provision of charging infrastructure," Singh told PTI. He said that a shift in the modal share of freight from road to rail will be an effective lever to decarbonise the freight transport sector. He added that the government's authorisation of 100 per cent Foreign Direct Investment (FDI) for