Page 28 - Electric Vehicles In India

NITI Aayog-led $1 billion fund for two-, three-wheeler EV financing soon

The fund will be used to provide guarantees against defaults on loans taken to buy electric two-, three-wheelers

Fisker to sell electric SUV in India with view to local production

Sales of electric cars in India will gather pace by 2025-26, Henrik Fisker said and added that the company wants to secure a first-mover advantage

Hero Electric to set up Rs 1,200 crore manufacturing unit in Rajasthan

The greenfield facility by Hero Electric will be spread over 170 acres and have an annual capacity of manufacturing 2 million units

Govt takes PLIs back to the drawing board amid critical challenges

With this signature manufacturing scheme facing critical challenges, the government is reworking parts of the programme in consultation with companies

Suzuki Motor Corp's India arms gear up for long electrified journey

TDSG's facility - the first in the country to make batteries with cell-level localisation - has an aggressive export target for the next three years

States want e-buses, but manufacturers worry about repayment: Official

After more than 5,000 electric buses were readied in five states as part of the Grand Challenge scheme, there is a demand from other states for an additional 15,000

Govt working on developing electric highways, says Nitin Gadkari

The government is working on developing electric highways powered by solar energy, that will facilitate the charging of heavy duty trucks and buses, Union road transport and highways minister Nitin Gadkari said on Monday. Addressing an event organised by the Indo-American Chamber of Commerce (IACC), Gadkari reiterated that the government wants to develop India's public transport system on electricity. "The government is strongly encouraging solar and wind energy-based charging mechanisms for electric mobility. "We are also working on developing electric highways, which will be powered by solar energy and this will facilitate charging of heavy duty trucks and buses while running," he said. An electric highway generally refers to a road which supplies power to vehicles travelling on it, including through overhead power lines. Gadkari said that the government is also encouraging toll plazas to be powered by solar energy. The minister said the road ministry has conducted route ...

Mahindra lines up new products; firms up investments for electric future

Mahindra & Mahindra is lining up new products and investments while firming up production plans as it remains "very optimistic" about gradual evolution of electric vehicle penetration in the country over the next few years. According to a senior company official, the Mumbai-based automajor expects transition towards electric mobility to happen step wise with fleet and sports utility segments expected to lead the transformation in the domestic market. "Our internal research tells us that 25 per cent of the existing SUV buyers would like to consider an electric SUV as their next purchase. The research also tells us that over the next 2-3 years we will see this kind of transition happening," Mahindra & Mahindra Executive Director (Auto and Farm sectors) Rajesh Jejurikar told PTI in an interaction. He noted that five years from now the company expects about 20-30 per cent of its SUVs to be electric. Betting big on green mobility, Mahindra has lined up five new electric Sports ...

What drives Suman Mishra, a woman leading the charge in male bastion

Mishra, the first professional CEO in an industry that's largely been a male bastion, talks to Shally Seth Mohile about things that drive her

MBSI to invest Rs 5,000 crore by 2025-end, says MD Shoji Shiraishi

MBSI has 3,300 units in its fleet and it expects to grow up to 9,500 units by the end of this year, Shiraishi told Business Standard in an interview.

Tata Motors expands EV range, to drive in Tiago's electric model this month

Tata Motors on Friday said it will roll out the electric version of its entry-level model Tiago later this month, in a step towards making environmentally friendly vehicles more accessible to customers. The Tiago EV would be the company's third product in the electric space after Nexon and Tigor, the Mumbai-based auto major announced on the World EV Day. Nexon EV and Tigor EV currently cater to the personal segment, while Xpres T is for the fleet segment. Tata Motors has set a target of introducing 10 electric models over the next five years. "Today, is a momentous occasion for us, as we announce the expansion of our EV portfolio further with a new mainstream intervention from the stable of Tata Motors, the Tiago EV," Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said. Earlier this year, the company had unveiled a three-phase approach towards building a comprehensive EV portfolio, he said. As the automaker accelerates its future journey, it is committed to lau

Mahindra XUV 400 EV launch: Where to watch, time, features and price

Mahindra XUV 400 EV is ready to be launched today, September 8, 2022. Read this detailed report on features, specifications and expected prices in India

Kinetic to launch Luna in electric avatar, expands capacity with new plant

Charts aggressive plans in its comeback trail

Murugappa enters EV mkt with TI Clean Mobility's Montra e-three-wheeler

Launch is part of the group's strategy to focus aggressively on EVs, with e-3W under the brand Montra Electric, electric tractors under Cellestial Egat, electric HCVs under Rhino 5536 brand

HOP Electric to establish 60-acre EV park in Neemrana: CEO Mehta

Company will raise money for the project by taking debt and through equity sale, he says

Delhiites in favour of EV transition for delivery, e-commerce firms: Survey

A new consumer survey shows strong support from Delhi consumers for the proposed aggregator scheme of the city government which requires a time-bound transition to electric vehicles by last-mile delivery and e-commerce companies. The proposed scheme sets an April 30, 2030 deadline for the complete transition of Internal Combustion Engines (ICE) to electric vehicles (EV) among e-commerce, delivery and transport logistics service providers. Commissioned by the Sustainable Mobility Network and conducted by CMSR Consultants, the survey shows that 80 per cent of the 1,508 respondents in Delhi attributed last-mile delivery vehicles as one of the reasons for rising air pollution in the city. According to the survey, 95.2 per cent of the respondents agreed that a switch to EVs by delivery companies is important for addressing air pollution issues and mitigating climate change. The survey, conducted through a mix of offline on-ground interviews (70 per cent) and online survey responses (30

EV maker Ather Energy raising up to $250 mn to march past rivals: Report

Electric scooter manufacturer Ather Energy is reportedly raising up to $250 million in a new funding round, as the debate on EV fires appears to be finally settling

M&M to unveil Mahindra XUV 400 EV this week; here's what we know so far

The model, which is basically the electric version of the XUV300 sub-company SUV, was first showcased in 2020 at an Auto Expo

Sharp rise in e-scooter registrations, penetration close to inflexion point

Ather Energy leads with a 4x increase in registrations in August; Hero Electric crosses the 10,000 mark once again, after a gap of over four months

How will EV adoption affect auto component makers?

Transition to EVs is one big step towards turning to non-polluting machines. But how will this transition affect the auto component sector which depends on internal combustion engines? Let us find out