Page 104 - Electric Vehicles

'Lithium discovery vital for EV push but mining poses environmental risks'

The discovery of lithium in Jammu and Kashmir is significant for India's push towards electric vehicles but any environmental gains could be negated if it is not mined carefully, say experts, citing risks such as air pollution and soil degradation in the fragile Himalayan region. The Geological Survey of India recently identified a potential deposit of 5.9 million tonnes of lithium in Reasi district's Salal-Haimana area, the first such anywhere in India, which imports lithium. GSI said the site is an "inferred resource" of the metal, which means it is at a preliminary exploration stage, the second of a four-step process. The discovery of lithium deposits can be a potential "game changer" for the country's clean energy manufacturing ambitions in several ways, said Siddharth Goel, senior policy advisor at the International Institute for Sustainable Development (IISD). "First of all, the scale of the reserves is significant, and can -- if proven to be commercially viable -- reduce ...

Chinese EV maker showcases world's first car powered by sodium-ion battery

Chinese EV maker JAC has showcased the world's first electric vehicle (EV) that is powered by a cheaper sodium-ion battery which could help reduce the cost of future EVs by 10 per cent

Maruti will have six EVs by 2030, working to bring down battery costs

Senior exec says cost of acquisition is a key factor impeding EV adoption in India

Tata Motors in talks to raise $1 bn via stake sale in EV business: Report

Indian carmaker, Tata Motors has begun discussions with soverign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division

India a great use case for 2-wheeler EV market: Dassault Systemes

Suchit Jain said that battery development and battery management for EVs as well as safety consumption are areas that will play a crucial role in India

Top headlines: Mega push for Jal Jeevan mission, India inks pact with UAE

Business Standard brings you the top headlines at this hour

Andhra Pradesh goes all out to woo investors ahead of investment summit

The key focus areas will be green energy, electronics and information technology, bulk drugs and pharmaceuticals, automobiles and electric vehicles, besides innovation and start-ups

Two-wheeler electric vehicle sales may fall short of 1-million target

Still FY23 sales figure, so far, is up 146%; FY24 outlook is bright, say experts

Delhi govt plans to allow only electric two-wheelers to ply as bike taxis

The aggregator policy being finalised by the Delhi government proposes to allow only electric two-wheelers to ply as bike taxis, officials said on Tuesday. The aggregator policy for two-, three- and four-wheelers is in its final stages and will be rolled out soon, Transport Minister Kailash Gahlot said on Monday. A senior official said, "The aggregator policy, which is being finalised, plans to bring in norms to regularise these vehicles. The policy will make it mandatory for aggregators to on-board electric two-wheelers and encourage sustainable transportation, which is our focus. "The policy should be finalised soon but of course there will be a long route ahead." The Delhi government's Transport department has launched a crackdown against two-wheelers with private registration marks being used for commercial purposes. In a public notice, the department has cautioned bike taxis against plying in Delhi and warned that violations would make aggregators liable for a fine of up to R

EV charging revenue likely to exceed $300 bn globally by 2027

The global electric vehicle (EV) charging revenue is likely to exceed $300 billion by 2027, up from $66 billion in 2023, a report showed on Tuesday.

Tata Motors bags India's largest electric vehicle fleet order from Uber

To deliver 25,000 XPRES-T EVs in a phased manner

5,500 km highways to be turned into e-ways via public-private partnership

The National Highways for Electric Vehicles will have 111 stations across 23 cities in project under annuity hybrid e-mobility model

SAS' capex need is much lower than our traditional business: Motherson

SAMIL announced it is buying SAS Autosystemtechnik (SAS), which manufactures automobile cockpit modules, from French company Faurecia at an enterprise value of Rs 4,790 crore

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

Ola Electric plans to build world's largest EV hub in India for Rs 7,610 cr

The hub, spanning 2,000 acres (809 hectares) in the southern Indian state of Tamil Nadu, will be used for manufacturing electric two-wheelers, cars and battery cells

Tata Motors to supply 25,000 XPREST electric vehicle units to Uber

Tata Motors on Monday said it will supply 25,000 XPREST electric vehicle units to Uber in one of the largest deals in the green mobility space till date. As per a memorandum of understanding inked between the two entities, Uber will utilise the electric sedans in its premium category service, the companies said in a joint statement. The electric fleet would be operational across Delhi NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad, it added. The Mumbai-based automaker will begin the deliveries of the cars to Uber fleet partners in a phased manner, starting this month. The companies did not provide the financial details of the deal. The price of a single unit of XPREST starts from Rs 13.04 lakh (ex-showroom Delhi). A single unit of X-Pres-T (ex-showroom), with a range of 315 km, is priced at Rs 14.98 lakh and entails a FAME subsidy of Rs 2.6 lakh. "In line with our commitment to grow sustainable mobility in the country, we are delighted to partner with Uber, In

EV manufacturer Greaves Electric eyes first annual net profit in FY25

Company likely to see net losses for FY23 & FY24

Hero plans to expand electric two-wheeler range over next 12-18 months

The country's largest two-wheeler maker Hero MotoCorp plans to expand its electric two-wheeler range over the next 18-24 months as it looks to cater to demand across multiple customer segments, according to a senior company official. The company, which has already commenced sales of its electric scooter under Vida brand across Delhi, Bengaluru and Jaipur, plans to introduce the existing range in other cities as well in the next fiscal before it starts to roll out the new products. "With the launch in the three cities -- Delhi, Bengaluru and Jaipur -- where the customers are really taking up to the product and the overall sales and pre-sales experience...we are really ready to now multiply into many cities going into FY24 to establish ourselves wider into the market," Hero MotoCorp Head - Emerging Mobility Business Unit (EMBU)- Swadesh Srivastava said during an analyst call. Hero MotoCorp had launched VIDA V1 electric scooter in October last year in two variants Pro and Plus. The ..

Samvardhana Motherson to buy SAS from Faurecia for Rs 4,790 crore

EV business constitutes almost half of the total net revenues of SAS. It manufactures cockpit modules and other components for EVs of European companies such as Volkswagen, Skoda, Mercedes, Porsche

Ban on non-electric 2-wheeler registration in Chandigarh put buyers in fix

Hundreds of customers are in a fix due to the Chandigarh administration's policy of stopping registration of petrol-powered two-wheelers for the rest of the 2022-23 fiscal, according to sources. As per the notice by the Registration and Licensing Authority (RLA), the registration of ICE (internal combustion engine) two-wheelers in the city has been stopped since February 10 for this fiscal ending March. According to industry sources, people who have bought two-wheelers are now unable to get their High-Security Number Plates (HSRP) and physical RC copies, and use their new vehicles as dealers are not able to complete the registration process on the Vahan portal. A dealer on the condition of anonymity said, "Such a rule is arbitrary and takes the choice out of the customer's hands. People who have already bought their 2-wheelers or are about to buy are now stuck. Two-wheelers are a source of livelihood for many of those people. "The policy is drafted without considering practical ...