Page 128 - Electric Vehicles

Ashok Leyland Q1 profit at Rs 68 cr Q1 on strong volumes vs year-ago loss

The company is planning to invest Rs 750 crore in each of the next two years and is in the final round of talks to raise funds for its EV arm Switch Mobility

'India needs to set up 46k EV stations by 2030 to match global benchmark'

India needs to set up 46,000 electric vehicle charging stations by 2030 to reach global benchmark, suggests a white paper released on Friday. EV charger ratio is 6 both for China and the Netherlands, 19 for the US while it stands 135 for India. That means there is one charger per 135 EVs in India compared to 6 in China, the white paper by Alvarez and Marsal, a global professional services firm, stated. The paper was launched at an electric vehicle conference, The EVConIndia 2022, here. The paper highlighted some key challenges affecting EV adoption and talked about six key issues of affordability, range anxiety, supply chain, product safety & quality, and inadequate access to financing. With a large automotive industry and pollution issues, India is ripe for innovation and rapid adoption of EVs in times to come, it said. Sub-segments of the industry can grow at a compounded average growth rate of of 50-100 per cent over the next five years if supply chain, product safety, product

Ola Electric suspends production at Tamil Nadu plant citing maintenance

Ola Electric has suspended its production of electric scooters at Tamil Nadu's Krishnagiri plant for almost a week, a news report said

Goa discontinues electric vehicle scheme; AAP says learn from Kejriwal

Tilve said that more than 2,300 charging stations have been made available by AAP in less than two years (in Delhi), and many more are currently being built.

Apple gets Lamborghini veteran onboard to help boost EV programme

With an aim to boost its electric autonomous vehicle programme, tech giant Apple has onboarded a veteran Luigi Taraborrelli of car maker Lamborghini, media reports say.

EV industry may create 50 mn indirect jobs by 2030: IVCA-EY-Induslaw report

The industry attracted $6 billion in investments in 2021; this is expected to grow to $20 billion by 2030

Manganese and a Chinese company might help India grab a slice of the EV pie

After effectively popularizing safer and cheaper lithium iron phosphate, or LFP, chemistry for EV batteries, China's Contemporary Amperex Technology Co. Ltd. is now adding manganese to the mix

EV fire incidents: Consumer protection regulator issues notices to 4-5 cos

Central Consumer Protection Authority Chief Commissioner Nidhi Khare said the authority will commence the hearing on this matter soon

Volvo drives in locally assembled XC40 Recharge SUV at Rs 55.9 lakh

"The launch of the XC40 Recharge and its assembly at our Bangalore plant further reinforces Volvo Car's long-term vision and commitment to India and the Indian consumer," Volvo MD Jyoti Malhotra said

Hybrids vs Electric vehicles battle to hot up in India's car market

The strong hybrids offer a great solution over pure EVs, as they take care of all the barriers of the pure EVs, maintain Japanese carmakers

Auto component industry to see 9-11% revenue from EV parts by 2027: Crisil

This growth will come even as the supply of parts for the conventional internal combustion engine-driven vehicles will also grow during the period, it said.

Volvo XC40 Recharge EV to be launched in India on July 26; check details

The XC40 Recharge is likely to be priced between Rs 60 lakh and Rs 70 lakh and it is expected to compete against Kia EV6, and the Hyundai Ioniq 5

Moto Business Service to manage electric vehicles of Chennai-based FullFily

Moto Business Service India, a leasing firm of Yamaha Motors, announced a partnership with Chennai-based FullFily, marking its foray into electric two and three-wheelers asset management services

eBikeGo to set up manufacturing plant through subsidiary Vajram Electric

The facility will develop powertrain as well as multiple product portfolios for both domestic and international markets, eBikeGo said in a statement.

Top Headlines: Inflation impact on India Inc profit, new SEZ law, and more

The early-bird results for the April-June 2022 quarter hinted at a decline in earnings, even as corporate revenue continued to grow at a fast clip

India's battery storage potential to be 600 GWh by 2030: Niti report

India will have a battery storage potential of 600 gigawatt hour (GWh) by 2030, and demand for electric vehicles, stationary storage and consumer electronics will mainly drive adoption of battery storage, a Niti Aayog report said. The report further said a coherent regulatory framework incentivising all stakeholders to participate in the recycling process will help in the development of a battery recycling ecosystem in the country. "Based on our analysis, the total cumulative potential for battery storage in India will be 600 GWh by 2030 considering a base case scenario and with segments like EVs and consumer electronics projected to be major demand drivers for the adoption of battery storage in India," it said. According to the report, the current deployment of lithium-ion batteries (LIBs) in India is dominated by consumer electronics, which comprises smartphones, laptops, notebooks, tablets and is further expected to grow with the digitalisation of platforms and the integration

Exploration, imports, private firms: India's search for lithium spreads out

'White gold' need for electric car batteries is scarce in the country and getting expensive internationally

Tesla rally a $1-billion headache for its army of shorts: Report

Shares of the company wrapped up a seven-day winning streak to close at $815.12, the highest level since May 6

The missing link: India's EV revolution is waiting for charging stations

The scarcity and poor viability of charging stations remains a major obstacle to the government's green mobility ambitions

Tesla could start Cybertruck deliveries in mid-2023, says Elon Musk

After getting delayed several times, CEO Elon Musk has now said that its electric vehicle company Tesla could start deliveries of its upcoming Cybertruck in mid-2023.