Page 22 - Electric Vehicles In India

BYD India partners Bajaj Finance for dealer finance, vehicle loans

Chinese electric vehicle maker BYD's subsidiary BYD India has signed an initial pact with Bajaj Finance for access to finance to its dealers and customers in the country, the company said on Wednesday. The strategic partnership aims to provide comprehensive vehicle financing solutions to BYD dealers and customers across India, fostering the widespread adoption of electric vehicles (EVs) in the country, BYD India said. "The partnership with Bajaj Finance is aimed at offering our customers and dealers access to a diverse range of financing solutions. We understand the vital role they play in our business, and this new alliance allows us to provide support to our customer base, said Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business - BYD India. Electric vehicles have seen a surge in popularity in recent years and BYD has been a major player in this space. Auto financing market has begun to shift with customers expecting hassle-free access to credit, said ..

Delhi has become India's electric vehicle capital: CM Arvind Kejriwal

Chief Minister Arvind Kejriwal on Tuesday said the cost of using electric vehicles in Delhi is the minimum across the country, while stressing that the city has become the nation's "EV capital". Kejriwal inaugurated 42 new ultra-low-cost EV charging stations at an event at GTB Nagar. The chief minister said with the addition of these 42 facilities, Delhi now has a total of 53 ultra-low-cost EV charging stations. With an increase in the number of EVs in the national capital in the recent years, air pollution has also been on the decline, he pointed out. "Data shows that compared to 2014, the levels of PM2.5 and PM10 are lower by 30 per cent. Earlier in the year, we had several days where the AQI (Air Quality Index) was in the severe category. These were days with very high pollution levels. But now, there are hardly any such day," Kejriwal said. He said besides curbing air pollution, the EV policy was formulated by the city government as the "future belongs to electric vehicles".

Third edition of electric vehicle innovation challenge by iCreate launched

The third edition of the iCreate's electric vehicle innovation challenge -- EVangelise 23 -- was launched here on Tuesday to identify and nurture startups, which can help solve real-life challenges of the EV ecosystem by providing indigenous solutions. This time, the focus is to identify startups which can develop EV components for four-wheelers, heavy-duty mining and construction vehicles like mining trucks, earthmovers and crawler drill machines, said iCreate CEO Avinash Punekar. iCreate, or International Centre for Entrepreneurship and Technology, is a state-government-supported innovation-based startup incubator having its campus near the city. "The aim of EVangelise 23 is to identify and nurture game-changing innovations, which can help solve real-life challenges in our EV eco-system. One of the main challenges is our dependence on foreign technology and components for all classes of electric vehicles," Punekar told PTI ahead of the launch event here on Tuesday. Thanks to the

GO EC Autotech announces installation of 1,000 EV charging stations

Kerala-based start-up GO EC Autotech Pvt Ltd has announced the installation of 1,000 electric vehicle (EV) super-fast charging stations across the country. The company is currently operating 70 charging stations in Kerala and over 33 across India. "With the new project, we plan to expand our footprint by strategically positioning the charging stations in capitals, state highways, and national highways along with Tier-2, and Tier-3 cities and rural places in the country," the company said in a release. The company also aims to cater to the needs of customers residing in remote locations, making it easier for them to adopt electric vehicles, it said. "This momentous project marks a significant milestone for the startup, which has already established a remarkable track record by deploying over 103 charging stations within a year in India. GO EC is committed to transforming the EV charging experience and has partnered with major restaurants and shopping malls, to ensure that EV users .

Auto parts maker Musashi enters India's EV space, to invest Rs 70 cr

Japanese auto parts maker Musashi on Friday announced its entry in the electric mobility space in India in collaboration with BNC Motors and said it will invest Rs 70 crore in the first phase of the business. Musashi India, a wholly-owned subsidiary of Musashi Seimitsu Industries, manufactures transmission components for IC engine-powered two and four wheelers. The company said it will use its platform of design and engineering capability to manufacture its new EV unit consisting of a motor, PCU, and gear box, it said. The company said it will manufacture the e-Axle at its Bengaluru plant, starting October. Musashi will spend Rs 70 crore in phase-1 to set up an assembly line for the product at its manufacturing facility in Bengaluru, it said. We are bringing Musashi's expertise and advanced technology to the electric mobility sector in India. Our focus is to provide components that are essential for the growth and success of electric vehicles, said Toshihisa Otsuka, CEO India and

Chandigarh to stop registration of non-electric two-wheelers by July

The policy is part of the Chandigarh administration's plan to reduce pollution and move towards green mobility

Ignition of change in electric vehicle battery ecosystem in India

Manufacturers are gradually emerging in a business dominated by assembly operations

Foreign automakers get a second chance as India transitions to EVs

But with the advent of EVs, firms like MG Motor India Pvt, the local unit of China's SAIC Motor Corp., Renault SA, Nissan Motor Co. and Volkswagen AG may finally gain a better foothold

EV battery manufacturing will require 2,400 acres of land by 2030: CBRE

The EV market is expected to cross annual sales of 17 million units by 2030; Uttar Pradesh and Maharashtra lead the charging infrastructure manufacturing in India

Govt to prepare public transport policy with focus on electric vehicles

India has set ambitious targets of making 30% and 70% penetration in private and commercial mobility respectively by 2030

Honda Cars to launch first EV in India within three years: CEO Tsumura

Company launches premium SUV called Elevate for Indian market, plans 4 more such vehicles by 2030

Top headlines: 233 dead in Odisha train crash, Tata's EV battery plant deal

Business Standard brings you top news at this hour

Automakers to invest $10 billion for enhancing EV manufacturing capacity

The capital expenditure will be allocated towards building green-field plants for EVs, better research and investment in battery plants, and support for grid charging infrastructure

As govt cuts down subsidy, EV two-wheelers may get costlier from June 1

The government earmarked Rs 10,000 crore for a period of three years under the FAME-II scheme. The scheme ended in June 2021 and was extended for a period of two years

Why is Tesla so confused about Indian market? Challenges and opportunities

Top Tesla officials are visiting India this week to speak with government officials and discuss local sourcing of parts and other issues

Hyundai, Shell sign MoA to expand charging network for electric vehicles

The two companies signed a Memorandum of Agreement at Hyundai's headquarters in Gurugram, Haryana in the presence of their senior management

MG starts bookings for Comet at Rs 11,000, deliveries to start soon

In its press release, MG said that more than 80 customisation options of extended vehicle warranty and service packages are available for customers

MG Motor 3.0 to push for Indianisation, green tech, capacity expansion

MG entered the Indian market in September 2017 by taking charge of General Motors' old plant in Halol. The plant has acted as MG's manufacturing hub for the last four to five years

Focusing on budget-oriented buyers, Ather to launch 450S to gain mkt share

The new electric scooter is likely to miss on features like the 7-inch TFT touchscreen and auto-hold. The feature of riding modes may also be omitted to bring costs down

As CNG and EVs expand in cities, fuel retailers look at the rural market

In the last three financial years, 88 per cent of the 16,190 new fuel pumps set up by Indian Oil, Hindustan Petroleum, and Bharat Petroleum were located in rural areas and highways