Page 18 - Electric Vehicles In India

Servotech Power Systems to instal 5,000 EV charging stations across India

Servotech Power Systems on Tuesday announced plans to instal 5,000 EV-charging stations across the country. In this regard, Servotech Power Systems said it has incorporated a subsidiary, Servotech EV Infra, which will do the business as a Charge Point Operator (CPO) for these EV chargers. "Servotech Power Systems is foraying into the EV CPO business by establishing its wholly owned subsidiary. It will manufacture and supply EV chargers to Servotech EV Infra which will do business as a CPO for these EV chargers," the company said. On the rationale behind the move, the company said the EV charging market is expected to grow rapidly in the coming years as the government is targeting 30 per cent of all vehicles to be electric by 2030. Servotech EV Infra is well positioned to capitalise on this growth, with its strong track record and expertise in the EV charging technology, the company said. "This will prove to be a significant game changer. The expansion into the EV CPO business with

'My apologies': Elon Musk unable to meet Piyush Goyal at Tesla facility

Elon Musk was unable to meet with Piyush Goyal in person as he was unwell and could not travel to California

Centre to seek bids for $960 million EV battery production program

The government will seek bids from potential investors next month, they said

Full charge ahead: Kerala becomes the new electric two-wheeler hub

Reasons include customer awareness and government incentives

Electric three wheelers' sales pick up speed but a mixed bag overall

NITI Aayog FY26 goal: question marks on E2Ws, e-buses and passenger cars

Developers seek to cash in on soaring EV sales with residential chargers

India is aiming to make EVs account for a third of total vehicle sales by 2030, but scarcity of public charging stations could derail these ambitions

India's sparse EV-charging network stumbles on strategy, state support

India has less than 3 per cent of the EU's PCS network, and received only 15 per cent of FAME-II EV subsidy scheme's Rs 10,000-crore budget

Finmin questions rationale for extending FAME scheme beyond current fiscal

The Heavy Industries Ministry proposed an extension to subsidies for EVs under FAME III with a higher allocation for five more years to support the growth of electric and alternate fuel vehicles

Hybrid vehicles take lead in realm of eco-friendly mobility solutions

Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in CY22 to 7.2 per cent this year

Wardwizard to invest Rs 2,000 cr to develop EV ancillary cluster in Gujarat

Vadodara-based electric vehicle (EV) maker Wardwizard Innovations & Mobility on Thursday signed an initial pact with the Gujarat government to invest Rs 2,000 crore to develop an EV ancillary cluster by 2024. The proposed investment will be on research and development of electric two-and three-wheelers, setting up a motor assembly unit at the company's Vadodara manufacturing facility, lithium-ion (li-ion) cell production and the development of ancillaries for raw material manufacturing, Wardwizard Innovations & Mobility said in a statement. The initiative is expected to generate over 5,000 employment opportunities in the state, it said. According to the company, the agreement will help in fostering the growth of the EV industry and align with the government's vision of enhancing green mobility in the state. "This memorandum of understanding (MoU) solidifies our commitment to electric mobility," Yatin Sanjay Gupte, Chairman and Managing Director of Wardwizard Innovations & .

Can electric vehicle maker BYD Auto put its India dreams back on track?

To reach anywhere close to the 30% target, BYD will have to introduce affordable electric cars that can generate substantial volumes, and back it up with a strong network

North trails South in electric scooter sales, Maharashtra miles ahead

As many as 8,417 units were sold in Maharashtra in September. Bajaj Auto's contribution was 4,048 vehi­c­les and that of TVS was 3,389

Production of 50 GWh battery cells to start in early 2024: MHI Minister

Currently, batteries are only assembled in India, with cells imported primarily from China, Taiwan, and European nations

Govt mulling another PLI scheme for batteries to bring down cost: Singh

The government will bring out another production-linked incentive scheme for batteries to bring down cost and boost the adoption of electric vehicles in India, union minister R K Singh said on Monday. Speaking at the EV (electric vehicles) Ready India Dashboard of OMI Foundation, the Union Power and New & Renewable Energy Minister said, "We are coming out with another production-linked incentive (PLI) to increase the volumes (of storage or battery)." He was of the view that the price of storage will come down with (higher) volumes. "Price of storage will come down only if you add volumes. That is why there is a production-linked incentive (PLI) for storage," he said. He pointed towards limited battery manufacturing capacity in the world and termed it as a reason for high prices. The minister opined that higher cost and lower driving range are issues in adopting EVs. The central government had approved the (PLI) scheme for manufacturing advanced chemistry cell (ACC) batteries at an

Rush hour: Why automakers are pouring Rs 1.75 trn into their factories

One reason for the rush to increase capacity is that automakers do not want to miss the bus on electric vehicles

Govt mulls subsidising carmakers investing in local EV production

The government plans to extend incentives to carmakers based on the investments they make to manufacture cars locally, an official aware of the development said

SUN Mobility partners Bluwheelz to deploy over 16,000 EVs in 1 year

Battery-swapping solutions provider SUN Mobility on Thursday said it has partnered with electric vehicle fleet operator Bluwheelz to deploy over 16,000 EVs in the next 12 months. Under the partnership, the companies are looking to deploy over 15,000 electric two-wheelers and 1,000 electric three-wheelers in all metropolitan cities through the next 12 months, SUN Mobility said in a statement. Besides, the company also plans to retrofit over 1,000 existing 4-wheeler loader fleets of BluWheelz into electric over the next 12 months, it added. "We are now doing more than 1 million swaps every month and with partners like Bluwheelz we will empower more people to choose sustainable transportation options, making our cities cleaner and more liveable," SUN Mobility CEO Anant Badjatya said. Bluwheelz Chairman Sanjiv Gupta said, "Our collaboration with Sun Mobility perfectly resonates with our mission to pave the way for a more sustainable and eco-friendly future in the realm of mid-mile and

Ather Energy planning to set up new manufacturing plant to expand capacity

Apart from this, Ather Energy is also looking at the possibility of expanding to the global markets

M&M eyeing global expansion, diversifying ops to boost revenue growth

M&M's product line has reached a stage of maturity where we can go and compete around the world, a company official said

Indian EV charger maker Exicom Tele-Systems files for $48 million IPO

The company proposes to utilise the proceeds for partially financing the cost of setting up production lines at its planned manufacturing facility in Telangana