Page 106 - Electric Vehicles

Govt support needed till EV penetration reaches desired level: Girish Wagh

Support provided by the government to promote electric and zero emission vehicles through schemes such as FAME II, need to be continued till penetration of such automobiles crosses a particular threshold with a good level of localisation, according to Tata Motors Executive Director Girish Wagh. There is also a case to consider the extension of the FAME II scheme, which will come to an end next year and include bigger electric buses to avail of subsidy, he told PTI. "The government has done a terrific job to promote, or more than promote I would say, ignite electric vehicle or zero emission vehicle demand. Whether it is FAME phase I, phase II, now PLI and state level incentives, a lot of policy measures, the government has really done a terrific job," he said. Wagh further said, "So, our expectation would be that the government continues with this till the electric vehicle penetration crosses a particular threshold where there is a good level of localisation. Once you have a particul

KTM chief says scope of electric vehicle mobility highly overrated

The head of Swiss sports bike maker KTM, which claims to be the world's No 1 premium motorbike brand and also sells tens of hundreds of e-bikes in Europe, is not confident of the capability of electric vehicles beyond a point and feels that optimism on this front is "highly overrated". KTM, which is primarily into high-end racing bikes, has a 50.1:49.9 manufacturing JV with Bajaj Auto. It will also be selling the electric model of the resurrected iconic Chetak scooters from the Bajaj stable in Europe from the first quarter of 2024. "The whole scope and capability of the concept of electric vehicle mobility is highly overrated. It's the result of mixing the laws of physics incorrectly and also by mis-reading the laws of energy," Stefan Pierer, the chief executive of Pierer Mobility that owns the KTM brand, told a select group of journalists at a media roundtable here. "I know it isn't easy to tell and convince the politicians about the sheer impracticality of attempting to make ...

Ather Energy plans to build new EV facility, produce 1 mn more 2-wheelers

Ather Energy said it is talking with several state govts for establishment of a factory to meet the demand as adoption of electric two-wheelers stabilises following several fire mishaps last year

Hero MotoCorp commences delivery of electric scooter VIDA V1 in Jaipur

Hero MotoCorp on Sunday said it has commenced deliveries of its electric scooter VIDA V1 in Jaipur with plans to introduce the brand in many other locations this year. The country's largest two-wheeler maker had earlier commenced deliveries of the model in Bengaluru. "We are now gearing up to expand our presence and further penetrate the market. Deliveries will next begin in Delhi," Hero MotoCorp Head Emerging Mobility Business Unit (EMBU) Swadesh Srivastava said in a statement. The company aims to propagate clean mobility through a seamless and hassle-free customer experience through an omni-channel approach, he added. VIDA currenty has experience centres in Bengaluru and Jaipur, and pop-up stores in Delhi-NCR, where customers can test ride VIDA V1. Deliveries in Delhi are expected to begin soon. Hero MotoCorp had launched VIDA V1 in October last year in two variants Pro and Plus. VIDA V1 competes with the likes of OLA S1 Pro, Ather 450X and TVS iQube.

Britishvolt: More evidence UK is losing race to capture growing EV market

The start-up had no track record developing technology and never confirmed how it would raise the £3.8 billion needed to start mass producing batteries, which reduces the average cost per battery

Kerala committed to implementing e-mobility policy, says CM Vijayan

He said subsidies are being offered for purchase of e-autos and for retro-fitting old diesel autorickshaws with electric motors and battery

Maharashtra govt approves M&M proposal to set up Rs 10k-cr EV plant in Pune

The two sides signed an agreement to this effect at the World Economic Forum in Davos on Wednesday, M&M Ltd said in a statement

India among top 3 auto mkts in the world, yet faces shortage of EV buyers

Over 4 million four-wheel vehicles were sold in India last year, surpassing Japan and coming in behind China and the US

Tata launches Nexon EV MAX XM at Rs 16.49 lakh; to hit market by April 2023

The automaker has also enhanced the range of its MAX variants to 453 km on a single charge

Ola Electric Profitable on Unit Sales: Chief marketing and revenue officer

"Through volume numbers and unit sales one can see, we are not making a loss," says Anshul Khandelwal

Maharashtra enters $2.5 bn partnership for EV battery-swapping stations

Maharashtra has entered a $2.5 billion partnership with Taiwan's Gogoro Inc and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state

Sundram Fasteners wins $250 mn international contract to supply EV parts

Company will invest Rs 200 cr support order it says is the largest for an Indian firm in the product range

Indian consumers concerned about residual value of EV battery: Survey

Public opinion growing in favour of EV as consumers want to save money on fuel: Deloitte

Tata Motor's Mission 2045: Electric, flex-fuel and hydrogen ICE

"Battery electric, hydrogen fuel cell and hydrogen ICE, could be the three technologies which have the potential of being zero emission and that are what we will have to work on," said Girish Wagh

Sparking the EV supply chain: India trying to reduce dependence on China

The government and private manufacturers are exploring ways to reduce dependence on China for the supply and mid-stream refining of battery raw materials

Greaves Cotton to expand electric 2-wheeler portfolio to build market share

Greaves Electric Mobility Pvt Ltd, the company's arm, has electric two-wheeler models Primus, Magnus EX and Reo Plus under the Ampere brand umbrella

Sparks will fly: Electric vehicle trade war between US, Europe heating up

The EU has launched a 750 billion-euro ($812 billion) fund to heal its pandemic-scarred economy, and not all of it is spent yet

Not just EVs, new technologies a big draw at this year's auto expo

Innovation ranging from exterior designs of vehicles to EV charger locks grabbed eyeballs at the expo

Auto Expo 2023: How the motor show found itself driven into a corner

The themes were tech and green, but many saw red

Ratan Tata-backed Repos expects to grow three-fold this fiscal to Rs 185 cr

Ratan Tata-backed energy distribution startup Repos is expected to grow by close to three-fold to Rs 185 crore in the current fiscal on account of increased traction for its service among business-to-business clients, a top official of the firm said. Repos Energy founder and CVO Aditi Bhosale Walunj told PTI at the Auto Expo 2023 that the company is in the process of raising Rs 300 crore to fund expansion of business across India as well as a platform to offer carbon-neutral fuels such as ethanol and electric vehicle chargers. "We have been fortunate enough to have Mr Ratan Tata as our initial investor. Last fiscal year we did business of Rs 65 crore. Our business has been growing multifold. This fiscal we expect our top line to be around Rs 185 crore," Walunj said. She said that the company's fuel distribution platform is mainly built around the delivery of diesel but it is now adding new fuels to the platforms to make it available at the doorsteps of end consumers with the help of