Page 7 - Electric Vehicles In India

China's dominance in EV supply chain a concern, says Economic Survey

Between April and October 2024, China emerged as India's largest import partner, with imports rising by 9.8 per cent to $65.89 billion, according to data from the Ministry of Commerce

Ola Electric leads with a 25% market share in e-scooters: Bhavish Aggarwal

Ola Electric on Friday said it has reclaimed market leadership in the electric two-wheelers segment with 22,656 registrations recorded in January. On the back of the strong S1 portfolio and the recently expanded sales and service network to 4,000 stores across India, the company witnessed a 65 per cent growth month-on-month and improved its market share to 25 per cent this month, the Bengaluru-based firm said in a statement. The company on Friday launched eight scooter models under the S1 brand, developed on its Gen 3 platform, priced between Rs 79,999 and Rs 1,69,999. "With Gen 3, the company is taking a big leap forward in performance, safety, efficiency reliability," it noted. With a new range based on the Gen 3 platform and the recent journey back to the top of the leaderboard, the company hopes to increase the gap with the legacy automakers, Ola Electric said.

Automakers want support for green tech, EVs, consumer spending boost

Automakers want the government to provide merit-based policies to support a full range of green technologies and alternative fuels besides allocations to facilitate electric vehicle ecosystem like charging infrastructure to further accelerate sustainable mobility in the upcoming Union Budget. With the automobile industry showing early signs of growth slowing down, they said budgetary initiatives to boost the disposable income of consumers are necessary to support robust growth. "We request the government for appropriate merit-based policies that support and help in popularising full range of greener technologies and alternative fuels thereby helping in faster and greater adoption of multiple sustainable mobility solutions," Toyota Kirloskar Motor Country Head and Executive Vice President - Corporate Affairs and Governance - Vikram Gulati said. Further, he said measures to encourage the scrapping of old vehicles through the budget will also boost demand for newer generation vehicles

TVS Motor plans to enter electric 3-wheeler cargo vehicle segment in Q4

TVS Motor, a leading player in the two and three-wheeler segment, is planning to make a foray into the electric cargo vehicle space, an official said on Monday. The company, which launched its electric three-wheeler passenger vehicle in the eastern metropolis, is hoping to roll out the cargo variant during the last quarter of the current financial year. "We launched the electric three-wheeler in Kolkata along with UP, Bihar, J&K and Delhi in the passenger segment. The company aims to make a foray into the electric cargo three-wheeler segment during the fourth quarter of the current financial year", TVS Motor's business head, commercial mobility, Rajat Gupta said. He said that the adoption of electric vehicles in the three-wheeler segment is growing. "The market share of TVS in the three-wheeler alternate fuel segment (CNG, LPG and electric) is at ten per cent at the moment and is growing", Gupta said. He said the company manufactures three wheelers at its Hosur plant in Tamil Nadu

Kia to launch two locally manufactured EVs in India, starting this year

Kia India is planning to launch the electric derivatives of the Kia Carens MPV and Syros subcompact SUV, one of which will be launched in 2025

Citroen India extends standard warranty period on its ICE car models

The new standard warranty policy extends to the Citroen C3, C3 Aircross, Basalt, and C5 Aircross. The warranty on the e-C3 electric hatchback remains unchanged

Tata Motors teams up with Saraswat Bank to offer competitive interest rates

Tata Motors Passenger Vehicle division and Tata Passenger Electric Mobility have signed a MoU with Saraswat Bank to offer their models at competitive interest rates

EV sales must reach 50% by 2030 to achieve net zero goal: Bhupender Yadav

He urged the auto industry to participate in the government's Green Credit programme to incentivize voluntary environmental actions

EVs on anvil, part of multi-tech approach to combat emission: Toyota

Japanese auto major Toyota will launch electric vehicles in India, as part of its multi-technology approach towards combating carbon emission in the country, which EVs alone cannot tackle, according to top officials of the company's Indian arm. The company feels that under the current circumstances, strong hybrid is the most practical solution supplemented by other technologies, including electric, flex fuel, electrified flex fuel, and plug-in hybrid in India, Toyota Kirloskar Motor & Lexus India, Deputy Managing Director - Sales-Service-Used Car, Tadashi Asazuma told PTI. "India itself is one of the most important country markets that we recognise. So in terms of the technologies, we are thinking of how to contribute to the Indian auto market, what will best suit India. "However, as of now, we think that the strong hybrid is a kind of practical answer to start with," he said here in an interview on the sidelines of the Auto Expo held as part of the Bharat Mobility Global Expo ...

BYD to keep focus on launching EVs in Rs 25-45 lakh range: India Head

Chinese EV manufacturer unveiled Sealion 7 for Indian market at Bharat Mobility Global Expo

Price parity with ICE-run cars important for EV boom: Kia's Hardeep Brar

About 99,165 electric cars were sold in India in 2024, recording 20 per cent year-on-year growth, according to FADA

Electric vehicle sales in India crossed 1.4 mn units in 2024: Kumaraswamy

Electric vehicle sales in India crossed 14.08 lakh units in 2024, achieving a market penetration rate of 5.59 per cent, up from 4.44 per cent in the previous year, Union Minister H D Kumaraswamy said on Saturday. The minister asserted that the upward trend in EV adoption underscores the growing public trust in electric vehicles, as well as the positive impact of government incentives and industry innovation. "Total EV sales in calendar year 2024 reached 14,08,245 - a penetration of 5.59 per cent, up from 10,22,994 in calendar year 2023, which stood at 4.44 per cent," the minister for Heavy Industries and Steel said at a Federation of Automobile Dealers Association (FADA) event here. He observed that despite global uncertainties, the country's automotive sector has continued on a growth trajectory. "In the calendar year 2024, the industry collectively retailed 26.1 million vehicles, marking a robust 9 per cent year-on-year increase," Kumaraswamy said. Talking about the Production

Tesla rival VinFast lines up premium SUVs VF 7 & VF 6 for Indian market

These two models are expected to meet the electrification needs of consumers and set a new benchmark in the green transportation industry in India

Vietnam's VinFast to launch 2 premium electric SUVs in India in 2025

Vietnam's electric vehicle maker VinFast Auto on Saturday said its two electric SUVs -- VF 7 and VF 6 -- will hit the Indian market later this year to mark its foray into the country, which it says has a huge growth potential. The company, which is investing USD 500 million to set up its manufacturing plant at Tuticorin in Tamil Nadu, expects completion of the facility in the second half of 2025 after which it will launch the products. It is also in talks with the government for its investment in India to be considered for incentives under the new EV policy and is looking to export EVs produced in India to the Middle East and African markets. "We hope that it (Tuticorin plant) will be completed by the end of H1 or H2 beginning of 2025, then we can launch our cars," VinFast Asia CEO Pham Sanh Chau said here in an interaction. "This year, we will launch two products," he said when asked about the product launch plans of the company in India. Stressing that the premium SUVs VF 7 and

Future of mobility belongs to India, PM Narendra Modi tells auto majors

Bharat Mobility Expo 2025 kicks off: PM says EV sales likely to grow eightfold by the decade's end

Interest for electric vehicles from Tier-II,- III cities surprising: M&M

M&M launched the BE 6e at a starting price of Rs 18.9 lakh (ex-showroom), as well as the XEV 9e at a starting price of Rs 21.9 lakh (ex-showroom), in November last year

Maruti plans fast charging boost, battery rentals at India auto show

Maruti is also considering battery rental services as a solution to address what many experts view as a pain point that hinders EV adoption in India

India to become EV production hub, aims for small electric cars: Suzuki

Japan's Suzuki Motor Corporation plans to enter the electric small car segment in future after gathering experience from its first EV, SUV e VITARA which will make its global debut in India which will be the company's production hub, its Representative Director and President Toshihiro Suzuki said on Thursday. The Japanese carmaker also believes that despite declining sales, small cars will not cease to exist in India, where its subsidiary Maruti Suzuki India is the market leader, as "one billion people" who are likely to upgrade from two-wheelers to four-wheelers in future would still need affordable cars, Suzuki told reporters here in an interaction. Maruti Suzuki India will unveil the e VITARA on Friday at the Bharat Mobility Global Expo 2025 being held at Bharat Mandapam. "Although we are launching our first EV, e VITARA, my personal feeling is that the compact vehicles will be the best for EVs... (but) I think first one has learn and master properly the manufacturing techniques

Carmakers in India plan EV onslaught in 2025 despite slowing global demand

Electric cars will take centre stage at India's five-day auto show in New Delhi starting Friday with models from new Vietnamese entrant Vinfast shown alongside Maruti Suzuki and Mahindra & Mahindra

Euler Motors secures $20 mn in debt funding from responsAbility Investments

Commercial electric vehicle maker Euler Motors on Wednesday said it has secured up to USD 20 million in debt from responsAbility Investments AG to ramp up production and distribution networks as well enhance research and development capabilities. The fresh capital infusion comes close on the heels of the company closing its Series C funding round, raising an additional Rs 200 crore from investors including British International Investment, Blume Ventures, and Piramal Alternatives India Access Fund, Euler Motors said in a statement. The USD 20 million in debt funding from responsAbility Investments will help accelerate Euler Motors' mission to electrify India's commercial vehicle segment, supporting the growth of the recently-launched four-wheeler Storm EV for logistics and e-commerce clients, it said. "This new funding will boost us to scale further, expand our reach, and continue delivering sustainable, high-performance solutions that meet India's unique logistics needs," said ...