Page 29 - Electric Vehicles In India

Electric vehicles on Indian roads to touch 50 mn-mark by 2030: KPMG

The total number of electric vehicles on Indian roads is likely to touch 5 crore by 2030, presenting an enormous opportunity for players in the charging ecosystem, according to a report by consultancy firm KPMG. A large increase in electric vehicles (EV) sales is anticipated in India due to favourable factors on demand, supply and regulatory front despite a low penetration level of about 1 per cent currently, KPMG said in its report -- Electric vehicle charging the next big opportunity. According to the report, India's electric mobility story is rapidly evolving, with EVs gradually entering the mainstream, resulting in a three-fold rise in EV sales over the last fiscal year. The growth is currently being led by two-wheeler (2W), three-wheeler (3W), and bus segments. "As of March 2022, the number of EVs on Indian roads had surpassed one million. This number is likely to grow to 45-50 million EVs on road by 2030," it said. This presents an enormous opportunity for players in the EV

Ather Energy plans to open 150 Experience Centres across India by Mar '23

Electric scooter manufacturer Ather Energy has inaugurated its third experience centre in the city as it aims to strengthen its presence in the country, the company said on Tuesday. The new retail outlet was inaugurated on the Old Mahabalipuram Road (popularly known as IT Corridor) and would sell the company's latest flagship products 450X at Rs 1.57 lakh and 450 Plus at Rs 1.35 lakh (ex-showroom) Chennai. Ather Energy has 49 retail outlets in 38 cities. The company plans to expand to 100 cities with 150 Experience Centres by March 2023, a company statement said here. "Tamil Nadu has emerged as a hub of electric vehicle manufacturing in India and Chennai is one of the key markets for Ather in the state," company chief business officer Ravneet S Phokela said. "We are confident that the improved Ather 450X will attract more EV enthusiasts in the city and the new experience centre will help us cater to this rising demand," he said. The new Experience Centre has been launched in ...

E-scooters to hit 5% of two-wheeler mkt in FY23: Greaves Electric Mobility

Greaves Electric Mobility projects that sales of electric scooters will balloon to 700,000 units in FY23 from 250,000 units in FY22

Are hybrid cars a better solution for India than EVs?

Electric vehicles are way more expensive than the traditional combustion engine vehicles. As India tries to meet clean-mobility goals, are low-cost hybrids the solution that Indian car market needs?

Are hybrid cars a better solution for India than EVs?

Electric vehicles are way more expensive than the traditional combustion engine vehicles. As India tries to meet clean-mobility goals, are low-cost hybrids the solution that Indian car market needs?

Are hybrid cars a better solution for India than EVs?

Electric vehicles are way more expensive than the traditional combustion engine vehicles. As India tries to meet clean-mobility goals, are low-cost hybrids the solution that Indian car market needs?

BYD to launch e-SUV in India; here's a list of its most sought-after models

BYD has been selling the E6 MPV in the Indian market since 2021. Since its launch last year, BYD has sold 400 units of the E6

Indian EV market to hit annual sales of 17 mn units by 2030: Report

India's electric vehicle market is expected to expand at a compounded annual growth rate of 49 per cent between 2021-2030, with the segment's volumes set to cross annual sales of 17 million by 2030, a new report said on Tuesday. This projected growth is expected to be driven by factors such as rising fuel prices, entry of new players, advancement in EV technology, continued subsidy support from both the central and state governments as well as anticipated implementation of emission standards, India Energy Storage Alliance (IESA) said in its report. The EV industry in India experienced one of the quickest recoveries from the pandemic-induced slowdown in 2020, the report observed, noting that the electric two-wheeler segment, accounted for 50 per cent of the total over 4.67 lakh EV sales in the domestic market followed by the low-speed e-three-wheelers in 2021. However, other segments also showed notable increase over the course of the year, it stated. The report said that with a ...

With EV policy in focus, Delhi to get 18,000 new charging stations by 2024

Delhi government's Department of Transport released the charging/swapping infrastructure action plan for Delhi 2022-25 on Monday, making the announcement

Firms rev up plans to build massive battery storage capacity to power EVs

The capacities committed will come from companies eligible for PLI as well as other players; the largest capacity currently from a single company would be 20 GWh

Electric hopes

Policy clarity needed for electric cars

TII gears up for EV re-entry; to focus on e-tractors, 3-wheelers, heavy CVs

The group is learning from an unsuccessful foray into e-scooters by focusing on electric tractors, three-wheelers and heavy commercial vehicles

EVs need the spark of regulation in India to accelerate transition: Experts

Mandated battery standards are becoming imperative if India is to accelerate the transition from traditional vehicles

E-scooters and buses steal show at Electric Vehicles Expo in Delhi

Around 100 e-vehicle companies -- both domestic and foreign, showcased their latest pollution-free e-vehicles at the three-day 'EV Expo', that concluded on Sunday, at Pragati Maidan in Delhi.

Andhra Pradesh seeks to attract $4 billion investment in EV segment

Andhra Pradesh is seeking to position itself as the 'lighthouse state' and attract investments to the tune of USD 4 billion in the electric vehicles segment over the next few years. As a first step in this direction, the state government on Friday conducted a day-long CEO-Ministerial Dialogue to frame a requisite policy by eliciting views and ideas from various stakeholders. This is the first such initiative by a state under the World Economic Forum-Moving India network on 'Shaping the Future of Mobility', according to AP Industries and Investment Minister Gudivada Amarnath. "The global automobile industry today is at an inflection point. The world, especially India, is eagerly waiting for the industry to deliver world-class, affordable and efficient electric vehicles. I would be eager to see e-vehicles roll out from Indian (manufacturing) plants to serve the global markets," the minister said. The automobile sector was ready for yet another technological leap with the advent of ..

15th Electric Vehicle Technology Expo 2022: EVT Expo begins in Delhi

15th Electric Vehicle Technology Expo 2022: Details, When and Where you can Watch. Know everything about the Electric Vehicle Technology Expo 2022 scheduled in Delhi from August 5-7.

EV firm River gets $11 mn in funding to set up manufacturing plant

Uber and Twitter investor Chris Sacca's fund backs Bengaluru-based company preparing its first electric scooter

Exponent Energy partners Altigreen to bring rapid charging for electric-CVs

The companies have unveiled an electric three-wheeler that rapid charges from 0-100 per cent battery capacity within 15 minutes at Exponent's e-pump network

Apollo Tyres prepares to meet demand from electric vehicles segment

Apollo Tyres expects electric vehicles' adoption to pick up pace over the next few years and is gearing up to cater to demand both in passenger vehicle and two-wheeler segments. The company, which on Monday introduced two tyre brands for electric passenger vehicles and two-wheelers, is bullish on opportunities across domestic and international markets. "The consensual view is that the electric two-wheeler segment will grow the fastest and in that too scooters will be the first followed by motorcycles. "Besides, the bus segment will also grow and four-wheeler will probably reach about 15-20 per cent (of the overall passenger vehicle sales) by 2030," Apollo Tyres President (Asia Pacific Middle East and Africa) Satish Sharma told PTI in an interaction. Electric two-wheeler sales could account for 30-35 per cent of overall sales by 2030, he suggested. "There is every reason to believe that there will be rapid expansion of electric vehicles and therefore tyres for such models," Sharma

Ola likely to lay off nearly 1,000 employees to ramp up EV plans: Reports

Media reports say that Ola's verticals like mobility, hyperlocal, fintech, and its used car operations have all been included in the process