Page 120 - Electric Vehicles

Ola does a u-turn: Plans more experience centres to take count to 200

At present the company has 20 experience centres; move is in contrast to company's earlier gameplan to disrupt traditional auto distribution channels by selling directly to customers

Bridgestone looks to scale up manufacturing capacity by 10% next year

Japanese tyre maker Bridgestone is looking to scale up its manufacturing capacity by over 10 per cent next year amid the demand surge in both OEM and aftermarket segments, the company's India head, Parag Satpute has said. He also said that the company is working on rolling out its EV tyre technology in the domestic market, which is expected to see a higher penetration of electric vehicles amid the government's increasing push for green mobility. Bridgestone already has tyres catering to the EV segment in Europe, Japan and the US. A wholly-owned subsidiary of Bridgestone Corporation, the Pune-based Bridgestone India caters to both passenger and commercial tyre segment with as much as 20 per cent market share in the aftermarket domestic passenger car tyre market. The total size of the aftermarket domestic car tyre segment stands at around 2-million tyres per month. "We are running at a very healthy capacity utilisation across our both plants as in the last three years we have been .

Hero MotoCorp to enter EV segment, will launch 1st model under Vida brand

The country's largest two-wheeler maker Hero MotoCorp is all set to foray into the electric segment next month with the launch of its first model in the domestic market. In a regulatory filing, the company said that "a new era in mobility is about to begin" alluding to an event under its Vida brand on October 7, 2022. The two-wheeler major has issued invites to its dealers, investors and global distributors for the event to be held in Jaipur, Rajasthan. Industry sources confirmed that the company will launch its first EV product at the event. In March this year, Hero MotoCorp had said it has lined up a USD 100 million (around Rs 760 crore) global fund to nurture over 10,000 entrepreneurs on ESG (environmental, social and governance) solutions, including its upcoming electric vehicles (EVs). The two-wheeler maker plans to introduce emerging mobility solutions under the Vida brand. Sources said the company has developed the product at its Jaipur-based R&D hub, the Centre of ...

Restructuring at Ola group likely to take away 200 engineering jobs

Aim is to minimize redundancy and centralise operations, says company

85 EV charging stations installed in 82 areas; 92 more to be up by Dec: MCD

The Municipal Corporation of Delhi has installed 85 electric vehicle charging stations at 82 locations and 92 more such facilities are to be set up by December, officials said on Friday. The Government of India is promoting EVs adoption in India and has recently announced its target to reach 25 per cent EV adoption by 2030, the MCD said in a statement. Several state governments are also working towards accelerating EV adoption in their respective states, it added. "The MCD has installed 85 EV charging stations at 82 locations and all 85 EV charging stations have become operational for the public usage," the MCD said. Officials said 92 more such facilities are to be set up by December. The MCD has been taking necessary steps to create an optimal EV ecosystem in the city, it said. Four government of India public sector undertakings -- Telecommunications Consultants India Limited (TCIL), Energy Efficiency Services Limited (EESL) and Broadcast Engineering Consultants India Limited ..

Mercedes Benz to roll out EQS 580 from Sept 30; here's what to expect

EQS 580 will be offered with a dual-motor set-up, one on each axle. It develops 516 bhp and 856 Nm of peak torque and is paired with a 4Matic all-wheel-drive system.

Govt to provide subsidy to set up EV-charging infra, says power secy

'We would give subsidy to firms setting up EV charging infrastructure to pay the discoms or utilities setting up upstream infrastructure'

Tata Motors expects 20% of domestic PV sales to come from EVs in 3 years

Tata Motors expects 20 per of its total passenger vehicle sales in the domestic market to come from electric vehicles in the next three years, a senior company official said on Thursday. The company, which has electric models such as Nexon EV and Tigor EV, expects to touch 50,000 units mark in total EV sales this year. It is also working on flex-fuels and expects its product portfolio to be E20 (20 per cent ethanol) compliant by 2025. "Right now, it (electric vehicles penetration) is between 8-8.5 per cent and the models in which we have electric, it is roughly 25 per cent," Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Managing Director Shailesh Chandra told reporters on the sidelines of the annual session of SIAM here. He was responding to a query on the level of EV sales of Tata Motors. "Last year, we ended at 5 per cent. Before that we were at 2 per cent and the year before that it was 1 per cent," he said. This fiscal itself the company expects to reach

Govt working on linking vehicle tax with emissions, says official

In India, Electric Vehicles (EVs) attract a GST of 5 per cent, while hybrids attract a much higher 43 per cent

States want e-buses, but manufacturers worry about repayment: Official

After more than 5,000 electric buses were readied in five states as part of the Grand Challenge scheme, there is a demand from other states for an additional 15,000

Shell to install over 10,000 EV charging points across India by 2030

Energy giant Shell plans to set up more than 10,000 electric vehicle (EV) charging points in India by 2030. Shell launched its first EV chargers in India, for the four-wheeler and two-wheeler segments in Bengaluru on Thursday. India is the first market for Shell to launch chargers for two-wheelers. "The company plans to set up more than 10,000 charging points across India by 2030 and aims to provide safe, green, and integrated mobility solutions to its customers through the Shell Recharge Stations," Shell said in a statement. In the first phase of its launch, Shell plans to set up charging stations in Bengaluru across its fuel stations located in Yeshwantpur, Marathalli, Old Madras Road, Brookefield and Kanakapura. The company said it has plans to expand its EV charging infrastructure beyond its existing retail markets of Karnataka, Tamil Nadu, Maharashtra, Gujarat, Telangana, Assam and Andhra Pradesh. Shell will provide customised charging solutions at on-the-go locations such a

India must target full electrification of 2, 3-wheelers in 4 years: Kant

80% of vehicle sales are in those segments, says the country's G20 Sherpa as he hails 'electric revolution'

Disclosing end-use of goods must while claiming concessional import duties

Move aimed at enabling tracking of goods to ensure they don't end up in replacement market

Magna invests $77 mn in EV startup Yulu to enter micromobility market

Magna will own a stake and hold a seat on the board of the Bangalore based company, it said. The two companies have established a new battery swapping entity.

LML looking at comeback with e-scooters, may use Harley unit in Manesar

Company reportedly looking to launch three two-wheeler concepts later this month

Mahindra lines up new products; firms up investments for electric future

Mahindra & Mahindra is lining up new products and investments while firming up production plans as it remains "very optimistic" about gradual evolution of electric vehicle penetration in the country over the next few years. According to a senior company official, the Mumbai-based automajor expects transition towards electric mobility to happen step wise with fleet and sports utility segments expected to lead the transformation in the domestic market. "Our internal research tells us that 25 per cent of the existing SUV buyers would like to consider an electric SUV as their next purchase. The research also tells us that over the next 2-3 years we will see this kind of transition happening," Mahindra & Mahindra Executive Director (Auto and Farm sectors) Rajesh Jejurikar told PTI in an interaction. He noted that five years from now the company expects about 20-30 per cent of its SUVs to be electric. Betting big on green mobility, Mahindra has lined up five new electric Sports ...

40% of electric vehicles in Delhi purchased after 2020 policy: Govt

The sales of electric vehicles have shot up since the implementation of the 2020 EV Policy in the national capital with over 40 per cent of these vehicles sold after the policy came, according to official data. Since 2020, September 9 is celebrated as World EV Day. According to official figures, the total number of electric vehicles in the national capital stands at over 1.64 lakh, out of which 67,063 electric vehicles -- till August 31 -- were purchased after the official EV policy was implemented in 2020. The major chunk of EV vehicles now being purchased are two-wheelers, for their being economical and pocket-friendly, according to officials. Delhi Transport Minister Kailash Gahlot in a video message lauded the Delhiites for adopting electric vehicles. He said that the more the electric vehicles on the roads of Delhi, the more will be the decline in pollution. The minister said that ever since the policy has been implemented, thousands of people have availed subsidy and road ta

MBSI to invest Rs 5,000 crore by 2025-end, says MD Shoji Shiraishi

MBSI has 3,300 units in its fleet and it expects to grow up to 9,500 units by the end of this year, Shiraishi told Business Standard in an interview.

Tata Motors expands EV range, to drive in Tiago's electric model this month

Tata Motors on Friday said it will roll out the electric version of its entry-level model Tiago later this month, in a step towards making environmentally friendly vehicles more accessible to customers. The Tiago EV would be the company's third product in the electric space after Nexon and Tigor, the Mumbai-based auto major announced on the World EV Day. Nexon EV and Tigor EV currently cater to the personal segment, while Xpres T is for the fleet segment. Tata Motors has set a target of introducing 10 electric models over the next five years. "Today, is a momentous occasion for us, as we announce the expansion of our EV portfolio further with a new mainstream intervention from the stable of Tata Motors, the Tiago EV," Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said. Earlier this year, the company had unveiled a three-phase approach towards building a comprehensive EV portfolio, he said. As the automaker accelerates its future journey, it is committed to lau

Tube Investments hits record high, up 22% in six trading sessions

On September 06, TI Clean Mobility (TCM), a subsidiary of Tube Investments of India, launched it electric vehicle - Montra Electric 3W Auto in Chennai.