Page 112 - Electric Vehicles

Ather Energy, Greaves Cotton exit EV association SMEV, choose Siam

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol

FAME II: E2W makers want govt to delay localisation norms by 12-18 months

The supply chain for electric two-wheelers (E2Ws) is coming into shape but still not ready, argues the industry association SMEV

Net zero transition for $7 trillion

The world's decarbonisation journey will trigger a massive demand for investments

Apple delays launch of its electric vehicle 'Apple Car' until 2026

The vehicle won't have a fully autonomous driving or self-driving feature, but it will be able to drive itself on highways

EV charging biz may require up to Rs 1.05 trn investment by 2032: Report

Electric vehicle (EV) charging station business may require an investment to the tune of Rs 1.05 lakh crore by 2032 as the country is expected to need 2.30 lakh such facilities during this period, a report said on Wednesday. This massive investment will be required to cater to the growing demand for EVs, which is expected to grow at a compounded annual growth rate (CAGR) of 39 per cent, and the resultant requirement of power, credit ratings agency India Ratings and Research (Ind-Ra) said in its report. It also said that commercial EV charging stations are expected to be a major contributing factor in the penetration of these vehicles. Ind-Ra also believes EV penetration for the overall automobile industry would reach 40 per cent by FY32 from about 4 per cent this fiscal. According to the report, government's incentive schemes such as the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) and PLI (Production Linked Incentive) schemes for advanced chemistry cel

Ola Electric scales up as it plans to gain a lead over competitors

Company will be adding in-house manufacture of motors as well as cells, which account for the bulk of the cost of a scooter

More than 1.8 million electric vehicles registered in India: Gadkari

Union Minister Nitin Gadkari on Wednesday said more than 18 lakh electric vehicles are registered in the country, with Uttar Pradesh, Delhi and Maharashtra emerging as the leading states in EV sales. The road transport and highways minister, in a written reply in the Rajya Sabha, said the maximum number of electric vehicles has been registered in Uttar Pradesh (4,14,978), followed by Delhi (1,83,74) and Maharashtra (1,79,087). Gadkari further said Maharashtra has the maximum number of operational public EV charging stations (PCS) at 660, followed by Delhi (539) and Tamil Nadu (439). A total of 5,151 public EV charging stations are operational in India, he added. Replying to a separate question, Gadkari said with implementation of the electronic fee collection system, traffic congestion at fee plazas at highways has been reduced significantly. "In order to eliminate any congestion along National Highways, National Highways Authority of India (NHAI) is working on implementation of .

Rising battery prices threaten to derail arrival of affordable EVs

There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel and lithium

Mulling an IPO for Ola ride-share business next year, says Bhavish Aggarwal

'Looking at synergies with EV business, will announce details soon'

In 'white gold' rush, India kick-starts talks with lithium-rich nations

Move to help local cell manufacturing, boost EVs

Transition of India's entire 2/3-wheeler fleet to electric needs financing

The complete electrification of India's entire fleet of two and three-wheelers, the largest in the world, will require financing to the tune of USD 285 billion (nearly Rs 23 lakh crore), according to a new white paper. Published in collaboration with NITI Aayog, the World Economic Forum (WEF) paper said the last-mile and urban delivery fleets are leading the adoption of electric two-and three-wheelers in India and are likely the first segments to transition completely to electric. But driver-cum-owners are hesitant to make the transition to electric due to higher upfront cost of acquisition, lack of confidence in new technology, unassured reliability, and unestablished resale value, it added. Two-wheelers and three-wheelers account for over 80 per cent of vehicle sales in India and the adoption of electric vehicles has been steadily rising in the past few years. There are about 45 certified vehicle manufacturers of electric two-and three-wheelers in India in an otherwise consolidat

E-scooter race: TVS, Bajaj all charged up, notch up 10K registrations

The two key incumbent players, TVS Motors and Bajaj Auto, now account for around 15 per cent share of registrations in the month of November

Centre steps up audit of EV firms taking subsidies after complaints: Report

The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received, CNBC TV 18 reported on Wednesday, citing sources.

IIT Madras launches electric racing car; mulls driverless vehicle by 2025

The racing car will be featured at student-led formula championships like Formula Bharat in India in January and Formula Student Germany next August

Silver has got its lustre back but beware the volatility, say experts

After underperforming for 2 yrs, silver has risen in line with benchmark indices but one should limit exposure to it to 5-10 per cent of portfolio

Passenger vehicle makers to spend Rs 65,000 cr on capacity expansion: Icra

Higher production is to cumulatively jack up overall capacity utilisation rate in PV industry to 74% by FY23-end from 59% in FY22

Ola Electric on track to open 200 experience centres by end of 2022

The experience centres will enable customers to touch and feel Ola scooters, clarify their queries, and avail support both before and after purchase

Castrol to pick up 7.09% stake in TVS family's Ki Mobility for Rs 488 cr

With this deal, which is Castrol's largest all-cash transaction, the firm aims to expand its presence in service and maintenance of ICE vehicles and EVs

Tesla to integrate Dolby Atmos in its electric cars to deliver better sound

The feature adds some voice effects to whatever you say, and that would be played to your surroundings through the external speakers

EV company Motovolt Mobility raises Rs 16 cr in per-series A funding

The funds raised will primarily be used for new product introduction, marketing initiatives, and growing Motovolt's presence through more retail points pan India