Page 22 - Electric Vehicles In India
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
 "Foreign automakers get a second chance as India transitions to EVs")
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
 "EV battery manufacturing will require 2,400 acres of land by 2030: CBRE")
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
 "Govt to prepare public transport policy with focus on electric vehicles")
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
 "Honda Cars to launch first EV in India within three years: CEO Tsumura")
Top headlines: 233 dead in Odisha train crash, Tata's EV battery plant deal
Business Standard brings you top news at this hour
 "Top headlines: 233 dead in Odisha train crash, Tata's EV battery plant deal")
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
 "Automakers to invest $10 billion for enhancing EV manufacturing capacity")
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
 "As govt cuts down subsidy, EV two-wheelers may get costlier from June 1")
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
 "Why is Tesla so confused about Indian market? Challenges and opportunities")
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
 "Hyundai, Shell sign MoA to expand charging network for electric vehicles")
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 starts bookings for Comet at Rs 11,000, deliveries to start soon")
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
 "MG Motor 3.0 to push for Indianisation, green tech, capacity expansion")
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
 "Focusing on budget-oriented buyers, Ather to launch 450S to gain mkt share")
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
 "As CNG and EVs expand in cities, fuel retailers look at the rural market")
Statsguru: Six charts explain road ahead for electric vehicles in India
The two-wheeler segment, which helped propel sales in 2022, was also the reason for the slowdown in April
 "Statsguru: Six charts explain road ahead for electric vehicles in India")
Centre plans to tweak allocation of FAME funds for electric buses
Unutilised Rs 2,000 cr under E3W category may be used to sponsor 3,000 e-buses
 "Centre plans to tweak allocation of FAME funds for electric buses")
Top headlines: Commercial LPG cylinder price cut, WEF on India's job market
Business Standard brings you top news at this hour
 "Top headlines: Commercial LPG cylinder price cut, WEF on India's job market")
Centre extends EV battery safety certification deadline by 6 months
The certification was compulsory for manufacturers from April 1, 2023, if they wanted subsidies under various EV-promotion schemes
 "Centre extends EV battery safety certification deadline by 6 months")
MG's Comet enters EV space at Rs 7.98 lakh, all that you need to know
The Comet EV will be available for test drives from today, April 27 and the bookings will open on May 15
 "MG's Comet enters EV space at Rs 7.98 lakh, all that you need to know")
IOCL petrol pumps to sell vehicle batteries in new marketing push
IOCL's 'tyre battery accessories' marketing concept aims to make its 36,000 pumps one stop shop for vehicle owners.
 "IOCL petrol pumps to sell vehicle batteries in new marketing push")
BluSmart seeking to challenge Uber, Ola with an all-electric taxi fleet
A confidential BluSmart investor deck from March, reviewed by Reuters, stated "Uber is losing drivers, riders and market share in India"
 "BluSmart seeking to challenge Uber, Ola with an all-electric taxi fleet")