Page 114 - Electric Vehicles

Hero MotoCorp opens first VIDA experience centre; commences test rides

Hero MotoCorp on Monday said it has opened its first experience centre in Bengaluru for its electric two-wheeler brand VIDA. The country's largest two-wheeler maker said it has also commenced customer test-rides of the VIDA V1 electric scooter from Monday. VIDA plans to open experience centres next in Jaipur and then Delhi with customer deliveries of the V1 scooter expected to commence from the second week of December, it added. "This experience centre is a manifestation of our vision to build experiences that create curiosity, meaningfulness and that people connect with, Hero MotoCorp , Head Emerging Mobility Business Unit (EMBU Swadesh Srivastava) said in a statement. This centre is one of the many physical assets of our omnichannel approach. Our tech-stack and physical assets are built to uplift the customer experience from just entering into a space of retail to a space where they can be part of a larger story, Srivastava said. In October , Hero MotoCorp introduced two trims

Tesla opens electric vehicle connector design to other automakers

It is half the size, twice as powerful, and has no moving parts compared to Combined Charging System (CCS) connectors

Ashok Leyland may dilute 15% stake in Switch Mobility, raise up to $250 mn

The company is raising the funds for a new plant planned in Spain

AAI to encourage induction of electric vehicles at airports, develop infra

India is among a handful of countries that support the global EV30@30 campaign, which targets to have at least 30 per cent new vehicle sales be electric by 2030

Hyundai to introduce global battery electric platform in India with Ioniq 5

Hyundai Motor India on Thursday said it will introduce its global dedicated battery electric vehicle platform in the country with its upcoming model Ioniq 5, slated to debut in the Auto Expo in January next year. The Ioniq 5 will be the company's first model in the country based on the electric Global Modular Platform (E-GMP). "With the introduction of E-GMP to India, we will be able to provide customers with advanced battery electric vehicles, derived from a platform that is modular, scalable and versatile," Hyundai Motor India MD & CEO Unsoo Kim said in a statement. Conceptualised and engineered to pivot the future transformation of electric mobility, E-GMP will usher in a new league of electric vehicles for the new age customers in India, he added. The automaker currently sells a single electric model -- Kona Electric in the domestic market. Last year, the South Korean auto major had announced plans to invest around Rs 4,000 crore to drive in six electric vehicles in India by .

Elon Musk's Tesla loses 2 years of gains amid Twitter saga, demand fears

The stock closed down 7.2% at $177.59 in New York on Wednesday, dropping to its lowest since November 2020

Covid curbs increased in China factory hub Guangzhou as outbreak balloons

In-person classes in eight of the city of some 19 million people's 11 districts will be halted from Thursday, officials said late Wednesday

Carmaker SEAT to build Spain's first electric vehicle battery plant

Spanish carmaker SEAT said on Wednesday that it plans to build Spain's first electric car battery plant as part of a 10-billion-euro investment in the country's electric car initiative. The Spanish government said last year that it would convert the country's car manufacturing industry, the second-largest in Europe, with funds from the European Union's post-pandemic recovery plan. SEAT, which is part of the Volkswagen Group, plans to build the battery plant in Sagunto, a town near the eastern city of Valencia. The company said the Volkswagen Group would also electrify SEAT's existing car plants in the northern city of Pamplona and Martorell, a town near Barcelona. SEAT President Wayne Griffiths said the 10 billion-euro investment would allow the company to make electric cars for both domestic sales and the European export market. SEAT had already committed to producing an electric car in the 20,000- to 25,000-euro (USD 20,000-25,000) range. This project will democratise access to

Retail sales of electric vehicles soar 185% to 111,971 units in Oct: FADA

The overall retail sales of electric vehicles (EVs), including passenger vehicles, in the country surged nearly 185 per cent year-on-year to 1,11,971 units in October, automobile dealers' body FADA said on Wednesday. EV sales stood at 39,329 units in October 2021. The total passenger EV sales rose 178 per cent to 3,745 units in October 2022 as against 1,346 PEVs retailed in the same month a year ago. Electric commercial vehicle sales grew 125.64 per cent to 274 units, as per the data released by the Federation of Automobile Dealers Association of India (FADA). Electric two-wheeler sales in October 2022 stood at 73,169 units as compared to 19,826 units in the same month of 2021, registering a year-on-year growth of 269.06 per cent. Electric three-wheeler sales jumped 92.87 per cent to 34,793 units as against 18,040 units in October 2021.

Qualcomm's venture capital arm planning to pick up stakes in EV startups

The company is also open to mergers and acquisitions in the auto tech space

Amazon, TVS Motor announce arrangement to scale up EV deployment

Companies will examine using electric vehicle for the network and logistical requirements of Amazon business groups

Mahindra ties up with three EV infra players for charging solutions

Mahindra & Mahindra on Wednesday said it has tied up with three electric vehicle infrastructure partners -- Jio-bp, Statiq, and Charge+Zone -- to offer charging solutions for its upcoming range of passenger electric vehicles. With these partnerships, Mahindra EV users will get seamless access to a robust fast charging infrastructure and e-mobility solutions spanning across discovery, availability, navigation and transactions, the Mumbai-based automaker said in a statement. Mahindra unveiled its first all-electric SUV -- XUV400 -- recently. Earlier this year, the company also unveiled a range of new electric vehicles in an event in the UK, which it plans to introduce in India over the next few years. "We look forward to bringing sustainable, profitable and efficient EV solutions to accelerate the mass adoption of battery electric vehicles in India, and we are delighted to have joined hands with all our partners for our upcoming range of electric vehicles in India," Mahindra & ..

EV rates will come down once lithium batteries are made in India: Minister

Dhavalikar, after disbursing subsidy to owners of EVs here, said that a tender will be floated for the installation of charging stations within the next two weeks.

French car maker Renault splits in five businesses to boost profit

Renault said it targeted operating margins of 8 per cent for 2025 and rising to more than 10 per cent in 2030, from 5 per cent expected this year

The opaque world of climate reporting

Investors, lenders, and stakeholders need a basis to accurately assess the impact of climate change on company operations. Sebi's climate change-reporting framework is well-intended but not adequate

New Tamil Nadu policy seeks Rs 75,000 cr investments in aerospace, defence

State targets 100,000 jobs in the sector as it seeks to be trillion-dollar economy by 2031

Central African Republic seeks Indian investors to mine gold, uranium

Landlocked in the heart of Africa, the Central African Republic is seeking Indian investors to mine its abundant natural resources ranging from oil, uranium and lithium to gold, diamonds, iron ore and copper. The African nation's Minister for Economy Lea Doumta, who led a delegation on a two-day visit here, said her country is "mighty impressed" with India's growth and development model and is keen to emulate it. "We see India as a role model and are keen to partner with its government and companies in our economic progress," she told PTI here. Bordered by Cameroon, Chad, the two Congos, and the two Sudans, the Central African Republic is one of the poorest nations despite its abundant natural resources. According to the World Bank, the former French colony has 470 minerals, with oil, gold and diamonds having the greatest potential. Diamonds account for nearly half of the country's total export earnings. A nation comparable to the size of Ukraine has the largest reserve of iron or

Tata Motors beats target, becomes India's first to roll out 50,000 EVs

The firm which entered EV market in 2020, is now focusing on a three-phased architecture approach for such vehicles and plans to launch 10 EVs in five years

54% Indians consumers concerned about EV quality, not range: Report

India's EV charging infrastructure is accelerating, with more public EV charging stations coming up

Cost, loan, tax: What to consider before buying an electric car

EVs are expensive but economical on the long run; they are likely to become more popular as charging infra improves