Page 125 - Electric Vehicles

Electric vehicles on Indian roads to touch 50 mn-mark by 2030: KPMG

The total number of electric vehicles on Indian roads is likely to touch 5 crore by 2030, presenting an enormous opportunity for players in the charging ecosystem, according to a report by consultancy firm KPMG. A large increase in electric vehicles (EV) sales is anticipated in India due to favourable factors on demand, supply and regulatory front despite a low penetration level of about 1 per cent currently, KPMG said in its report -- Electric vehicle charging the next big opportunity. According to the report, India's electric mobility story is rapidly evolving, with EVs gradually entering the mainstream, resulting in a three-fold rise in EV sales over the last fiscal year. The growth is currently being led by two-wheeler (2W), three-wheeler (3W), and bus segments. "As of March 2022, the number of EVs on Indian roads had surpassed one million. This number is likely to grow to 45-50 million EVs on road by 2030," it said. This presents an enormous opportunity for players in the EV

Ather Energy plans to open 150 Experience Centres across India by Mar '23

Electric scooter manufacturer Ather Energy has inaugurated its third experience centre in the city as it aims to strengthen its presence in the country, the company said on Tuesday. The new retail outlet was inaugurated on the Old Mahabalipuram Road (popularly known as IT Corridor) and would sell the company's latest flagship products 450X at Rs 1.57 lakh and 450 Plus at Rs 1.35 lakh (ex-showroom) Chennai. Ather Energy has 49 retail outlets in 38 cities. The company plans to expand to 100 cities with 150 Experience Centres by March 2023, a company statement said here. "Tamil Nadu has emerged as a hub of electric vehicle manufacturing in India and Chennai is one of the key markets for Ather in the state," company chief business officer Ravneet S Phokela said. "We are confident that the improved Ather 450X will attract more EV enthusiasts in the city and the new experience centre will help us cater to this rising demand," he said. The new Experience Centre has been launched in ...

China's BYD Auto pips Tesla to become top-selling EV brand globally

Global passenger electric vehicle sales grew 61% to reach 2.18 million units in the second quarter this year, a new report said

Mahindra launches new cargo electric 3-wheeler Zor Grand for Rs 3.6 lakh

Mahindra Electric Mobility Limited (MEML), part of the Mahindra Group, has launched its all-new cargo electric three-wheeler Zor Grand. The vehicle is priced starting at Rs 3.60 lakh, ex-showroom Bengaluru. Mahindra has 12,000-plus bookings of the Zor Grand through Memoranda of Understanding with logistics companies like Mahindra Logistics, Magenta EV Solutions, MoEVing, EVnow, Yelo EV, and Zyngo, a company statement said.

India's shaky energy security and growing dependency on foreign fuels

New Delhi is yet to announce a comprehensive and detailed policy across the energy spectrum to tackle this very real threat to economic growth

Ashok Leyland adds to Bada Dost range, will launch e-LCVs in six months

With superior power, mileage, payload, load body length and loading space, the Bada Dost i1 and Bada Dost i2 help customers earn more profit per trip

E-scooters to hit 5% of two-wheeler mkt in FY23: Greaves Electric Mobility

Greaves Electric Mobility projects that sales of electric scooters will balloon to 700,000 units in FY23 from 250,000 units in FY22

Top Headlines: RIL AGM today; Suzuki Motor to set up EV battery unit & more

Reliance Industries (RIL) will hold its 45th Annual General Meeting (AGM) via video conferencing today at 2 pm on Monday, August 29

Suzuki Motor to invest Rs 18K cr for setting up EV battery unit, car plant

During an event at Mahatma Mandir in Gandhinagar on Sunday, Modi laid foundation stones for the EV battery unit at Hansalpur and Maruti Suzuki's upcoming manufacturing plant in Kharkhoda, Haryana

Future of electric vehicles sector bright in India, says PM Modi

Prime Minister Narendra Modi on Sunday said that the future of the electric vehicles sector in India appears bright

Mumbai's iconic double-decker buses all set for comeback in electric avatar

Mumbai's iconic double-decker buses are set for a comeback in an electric avatar with a Brihanmumbai Electric Supply and Transport Undertaking official stating that their numbers will match the highs of the 1990s by next year. The financial capital is the last urban area where these double-deckers are still running, though they were once found in robust numbers in Kolkata, Bengaluru, Delhi, Thiruvananthapuram and Chennai, among other cities, officials said. According to officials, BEST had the highest number of double decker buses in 1990, before the figures started dipping post 1995. By 2006, the city's premier road transport utility had 225 double-deckers as losses began to mount and operating costs went north. There are some 50 left in Mumbai, most of these plying in the southern part of the city and some being used to give heritage tours to tourists. This existing batch was introduced in 2007 and would soon go off the roads at the end of their codal (operational) life, officials

Punjab CM Mann approves draft of EV policy, promises cash incentives

Punjab Chief Minister Bhagwant Mann on Saturday gave nod to a draft of new electric vehicle policy which proposes waiving of registration fee and road tax and cash incentives for buying electric vehicles. Mann in an official statement said the draft policy aims at reducing environmental pollution by checking carbon emission through promotion of electric vehicles. According to the draft policy, EVs will be pushed in the state's major cities such as Ludhiana, Jalandhar, Amritsar, Patiala, and Bathinda which collectively have more than 50 per cent of the state's vehicles, the statement said. The new draft policy envisages registration of 25 per cent more electric vehicles in these cities, Mann said. He said electric charging points infrastructure will be set up across the state for private and public electric vehicles. Mann also said it will be the government's focus to establish the state as a hub for manufacturing EVs, their components, and electric batteries. A centre of excellen

Top Headlines: NDTV-Adani ownership battle, sugar exports, and more

New Delhi Television (NDTV) can prevent a takeover by the group if it can buy more shares from public shareholders, corporate lawyers told Business Standard

BYD to launch e-SUV in India; here's a list of its most sought-after models

BYD has been selling the E6 MPV in the Indian market since 2021. Since its launch last year, BYD has sold 400 units of the E6

Mercedes set to lead India's luxury EV market as Tesla stays out

"Now, we are really starting our aggressive offensive into the EV market. In the next five years, 25% of our sales (in India) will be electric," Martin Schwenk said.

With EV policy in focus, Delhi to get 18,000 new charging stations by 2024

Delhi government's Department of Transport released the charging/swapping infrastructure action plan for Delhi 2022-25 on Monday, making the announcement

Auto LPG policy running on fumes as policymakers ignore fuel's potential

The government is largely ignoring this least polluting fuel in favour of diesel, petrol and electric vehicles

Naveen Jindal group weighs aluminium foray, plans depend on mine

Company sees consumption rising as electric vehicles increase and light metals become more important

Ford cuts 3,000 jobs in North America, India as it pivots to EVs, software

Rising prices for batteries, raw materials and shipping are putting additional pressure on Ford and other automakers

Delhi to have one charging point for every 15 EVs by 2024: Policy document

The Delhi government's charging plan for electric vehicles has incentives for battery swapping facility operators and one public charging point for 15 EVs by 2024, a new policy document has said. The government will also have the power distribution companies, or the discoms, studying the impact of EV charging on the grid. Delhi government on Monday released the charging action plan' for electric vehicles on completion of two years of its EV Policy that was first launched in 2020. The plan said that the biggest hindrance to the large-scale adoption of electric vehicles is inadequate charging infrastructure. Titled Charging/Swapping Infrastructure Action Plan for 2022-25', the document said that the national capital will operationalise the incentive provided to battery swapping facility operators in the Delhi EV policy. The plan said that if the battery is not sold with the vehicle, up to 50 per cent of the purchase incentive would be provided to energy operators to ensure that the