Page 169 - Electric Vehicles

Hero Electric slashes prices for its popular models by up to 33%

The decrease in prices ranges from 12 per cent for single battery variants to 33 per cent for the triple battery Nyx HX model

Kazam raises Rs 7 cr in seed round led by Inflection Point Ventures

In a short span of 5 months, Kazam has built the hardware & software tech for affordable and smart EV charging infrastructure

Electric vehicle makers laud Gujarat policy, terming it progressive

Various companies like Tata Motors, Mahindra and Hero Electric on Tuesday lauded the Gujarat government for bringing a new electric vehicle policy in the state. Gujarat Chief Minister Vijay Rupani unveiled the 'Gujarat Electric Vehicle Policy 2021', which, according to him, has been designed to see at least two lakh electric vehicles on the state roads in the next four years. To encourage people to turn to e-vehicles, the state government will provide subsidies ranging from Rs 20,000 to Rs 1,50,000 on the purchase of vehicles under this policy, which will remain effective for four years. It is estimated that around 1.10 lakh electric two-wheel vehicles, 70,000 three-wheelers and 20,000 four-wheelers will be used in the state in the next four years following the implementation of this policy. The state government will provide a subsidy of up to Rs 20,000 on the purchase of an electric two-wheeler, Rs 50,000 for a three-wheeler and Rs 1,50,000 on the purchase of a four-wheeler. We .

Gujarat announces EV policy, predicts 110,000 vehicles on road by 2023

To encourage people to turn to e-vehicles, the state government would provide subsidies ranging from Rs 20,000 to Rs 1,50,000 on the purchase of vehicles under this policy

India's electric vehicle sales to grow at 26% in FY21-23: Fitch Solutions

The recently announced EV incentives by India along with high fuel prices will be supporting factors for stronger adoption over 2020-2023, leading to an average annual growth rate of 26%, Fitch said

Recent changes in FAME II scheme to boost demand for e-vehicles: FICCI

Industry chamber FICCI on Monday said the recent changes in the FAME II scheme, including enhanced subsidies for electric two-wheelers, are expected to accelerate demand for electric vehicles

Indians show higher preference for hybrid than for pure EVs: Survey

The trend comes as a stark contrast for a market like India, where EVs and not hybrids are getting the massive subsidy push from policymakers under the FAME scheme

Automaker Kia to expand sales of electric vehicles in Europe with Uber

Kia is planning to strengthen the partnership by offering electric cars to Uber drivers in 20 Europe countries.

Okinawa cuts price of electric scooter range by up to Rs 17,892

Electric two-wheeler firm Okinawa Autotech on Wednesday said it has reduced prices of its entire product portfolio, ranging between Rs 7,209 and Rs 17,892, in the wake of changes in the FAME II policy

TVS Motor slashes price of iQube electric scooter by Rs 11,250

The electric scooter is now priced at Rs 1,00,777 in Delhi

Delhi Govt to begin single window facility for EV-charging scheme

The electric vehicles scheme of Delhi government was launched last year aiming to reduce fuel-running vehicles up to 25 per cent by 2024.

Ashok Leyland arm acquires EV manufacturer Switch Mobility Automotive

Commercial vehicles major Ashok Leyland on Tuesday said its subsidiary Switch Mobility has fully acquired electric vehicles maker Switch Mobility Automotive Ltd, India.

Electric 2-wheeler to become cheaper with higher incentives under FAME II

Depending on the model and the variant, some manufacturers have cut prices by Rs 15,000-28,000; others will announce price cuts this week

Higher subsidy under FAME II to be key in adoption of EVs, say makers

In the latest modification, the department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier.

India to require 400,000 charging stations for 2 mn EVs by 2026: Report

As per EV industry body - Society of Manufacturers of Electric Vehicles - there are 1,800 charging stations in India as of March 2021

Bitcoin believers have nothing to worry about; their crypto is here to stay

Other investments require even greater leaps of faith. You can do a lot worse than Bitcoin.

Tesla's heavy trucking unit chief Jerome Guillen leaves company

Tesla Inc's chief of heavy trucking unit, Jerome Guillen, has left the company, the electric-car maker said on Monday, barely three months after taking over the role

China's best selling EV maker betting on cult status to sell a million cars

Hongguang Mini outsells bigger players and even Tesla almost every month with a tiny, bare-bones EV that starts at $4,500.

Country's first e-vehicles-only area to be developed in Gujarat's Kevadia

The Statue of Unity Area Development and Tourism Governance Authority (SOUADTGA) on said it will develop the "country's first electric vehicles-only area" in Gujarat's Kevadia.

Haryana formulating policy to manufacture electric vehicles: Chautala

Chautala said the Haryana government will formulate a policy to manufacture electric vehicles and convert petrol-diesel vehicles into electric vehicles in the state