Page 26 - Electric Vehicles In India

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

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

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

Top headlines: Commercial LPG cylinder price cut, WEF on India's job market

Business Standard brings you top news at this hour

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

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

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.

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"

Independent houses, charging infra boosting EV popularity in non-metros

25 per cent of Tata Tiago EV buyers are first-time buyers and include customers from states such as Bihar, Madhya Pradesh, Uttar Pradesh, and Andhra Pradesh

Electric vehicle adoption levels in India to see exponential growth: Report

The growth in electric vehicle sales in India is likely to continue for the rest of the decade, with two and three-wheelers expected to dominate EV sales in the near future, according to a report. The jointly prepared report by KPMG and CII, released on Monday, also said that EV adoption is expected to see an inflexion point once all vehicle segments show significant ownership savings over the vehicles powered by internal combustion engines. The shift to EVs is no longer an uncertainty but only a question of when, the report said. Adoption levels are expected to see exponential growth in future with developing infrastructure, government incentives and the launch of new EV models, KPMG said in a release. Technology is at the forefront of the EV revolution. The shift from ICE to EV has increased the electronics content from 16 per cent to 55 per cent in a vehicle with the addition of new features and controls, it said. Many of these technologies are going to become standard offering

Government incentives to drive EV penetration in India, says Moody's

Government incentives, including those to consumers, local battery manufacturing, state-level subsidies and cut in GST rates would help drive EV penetration in India, Moody's has said. In a report, Moody's Investors Service said India has the fourth-largest car market globally, but electric vehicle (EV) penetration is currently only around 1 per cent. The pace of increase in EV sales and towards the government's target of 30 per cent by 2030 will also depend on the country's charging infrastructure, and consumers' readiness to switch to EVs from traditional ICE vehicles, or those traditional engines powered by petrol, diesel, or natural gas. "We expect various government incentives will drive an increase in EV penetration. These include consumer incentives, production-linked incentives for advanced battery storage to drive local cell manufacturing, goods and services tax (GST) rate cuts, and other state-level subsidies," Moody's said. India has beaten Japan to become the third-larg

Govt catching up, plans to develop infra to assess new-tech vehicles

Latest technology vehicles refers to test vehicles that feature internet-enabled technologies