Page 24 - Electric Vehicles In India

Centre likely to discontinue second phase of Fame-II scheme after FY24

Instead of the Fame-II scheme, the benefits may be given through the production-linked incentive (PLI) scheme

Foxconn seeks cooperation with India in new areas like EVs, chips

Major Apple Inc supplier Foxconn said on Saturday it was seeking cooperation in India in new areas like chips and electric vehicles (EVs) after a visit to the country by its chairman, Liu Young-way

Low penetration of electric cars in India? Hybrids may be the answer

In India, it's the hybrid market that Maruti Suzuki is understandably targeting

Uber to introduce EVs in India for ride-sharing in push to clean cars

Uber has set a 2040 target for 100% of its rides to be in zero-emission vehicles, public transport or with micro-mobility, including in India

EV manufacturer Greaves Electric eyes first annual net profit in FY25

Company likely to see net losses for FY23 & FY24

Judgement reserved

Too early to celebrate the lithium find

Indian electric scooter maker Ather installs over 1000 fast-charging units

The Ather Grid App allows scooter owners to locate and check the availability of the nearest charging stations in real-time

FAME-II: Centre pushes state govts to place more electric bus orders

FAME-II was launched with an outlay of Rs 10,000 crore for a three-year period, but was extended till March 2024

Explained: How J&K's lithium find can be India's white oil moment

The current demand of lithium ion batteries, around 3 gigawatt hour (GWh), is projected to touch around 20 GWh by 2026 and 70 GWh by 2030

Tamil Nadu's new EV policy offers various incentives for the sector

Reimbursement of state goods and services tax (SGST), investment and turnover based subsidy, advanced chemistry cell subsidy, electrification of public and commercial transport.

FAME subsidy violation: Two-wheeler EVs under fire for pricing breach

The ex-factory price norm was added to the FAME scheme to make E2Ws affordable for buyers and also boost sales

Turning India into a green mobility hub

While almost all cars that fell into that category cost less than larger sedans or even mid-size SUVs, the underlying truism led to two realities

Subsidy halt, price rise and supply-chain bottlenecks hit EV sales in 2023

The dip comes after sales hit an all-time monthly high of 119,483 units in November

CNG, EVs, hybrid vehicles to comprise 30% of total auto sales: ICRA

CNG, EVs and hybrid vehicles may grab up to 30 per cent share in total auto sales in next five years even as petrol cars are likely to dominate passenger vehicle volumes in medium-term, a report said on Tuesday. Demand for Electric Vehicles (EVs) has increased exponentially in the last two years with the government's push, increasing awareness, and new launches, domestic rating agency Icra said in its report. However, the share of EVs in the overall PV (passenger vehicle) industry remains low, at 1 per cent currently, it stated. On the other hand, CNG vehicles have also gained prominence in recent years, aided by favourable running costs, improving penetration of CNG dispensing stations across the country, and enhanced product offerings by OEMs, Icra said and added, lower emissions in CNG vehicles would also help OEMs (original equipment manufacturers) comply with the impending Corporate Average Fuel Economy (CAF) norms. Noting that a cohesive approach from all stakeholders is ...

BluSmart to break even by March; two mfg units on cards: Anmol Jaggi

The EV ride hailing service plans to double its fleet by year end; to explore quick hail

Future tech: I truly believe this is India's decade, says Bhavish Aggarwal

The Finance Minister's Budget speech today clearly laid down the pathways towards India entering its 'Amrit Kaal', strengthening the foundation of a technology-driven and knowledge-based economy

Govt subsidy halt pushes OEMs to drive electric vehicle prices up

A few, such as Hero Electric, keep the status quo on prices

Suzuki Motor Corp to launch 6 battery electric vehicles in India by FY2030

Japan's Suzuki Motor Corporation on Thursday said it will introduce six battery electric vehicles in India by FY2030 as part of its growth strategy and achieve carbon neutrality by 2070 as per the target set by the government. In the growth strategy for FY2030 shared on BSE by its Indian arm Maruti Suzuki India, Suzuki Motor Corporation (SMC) said in India, it will provide not only battery EVs but also carbon-neutral internal combustion engine vehicles using CNG, biogas and ethanol mixed fuels. On its battery EV introduction plan, SMC said, "In India, we will introduce the SUV battery EV announced at the Auto Expo 2023 in FY2024, with six models to be launched by FY2030". By FY2030, the company said battery EVs will account for 15 per cent of its total product portfolio, while internal combustion engine vehicles will be 60 per cent and hybrid electric vehicles at 25 per cent. The company's arm Maruti Suzuki India is the largest passenger vehicle maker by sales in the country. At th

Budget 2023-24: Manufacturing sector eyes revised taxations, new PLIs

Manufacturing sector contributes 15% to India's GDP and hence the expectation of experts are high from the government

Sparking the EV supply chain: India trying to reduce dependence on China

The government and private manufacturers are exploring ways to reduce dependence on China for the supply and mid-stream refining of battery raw materials