Page 17 - Electric Vehicles

Global majors keen to make electric cars in India; Elon Musk's Tesla quiet

The window for applications under the scheme will be open in the next one to two weeks

Govt cuts EV import tax for firms investing in local manufacturing

The application window for new government scheme will likely open within the next few weeks and will remain open for a minimum of 120 days

Govt to open EV making policy with duty cuts to lure global manufacturers

The policy offers to slash duty to 15 per cent on any imported electric car priced from $35,000 if they invest at least ₹4,150 crore, or about $500 million, to set up a local plant within three years

Rare earth supply pinch puts India's EV makers on a six-week clock

China controls 92 per cent of global REM magnet production, with other players like Japan (7 per cent) and Vietnam (1 per cent) contributing marginally

Delhi govt to provide subsidies to promote e-vehicles, says CM Gupta

Delhi government will provide subsidies to people to promote electric vehicle adoption in Delhi in its new policy, Chief Minister Rekha Gupta said on Saturday. Delivering a valedictory address at Aironomics, 2025 convention, she highlighted Delhi government's different initiatives to combat air pollution. Transformation of all the vehicles, including private ones, into electric vehicles (EVs) is a big vision for which Delhi government is coming up with a new EV policy, she said. "We will urge people to purchase electric vehicles for which they will be provided subsidies," she said. Gupta also said that air pollution is a year long problem that required sustained efforts for which her government is hiring 1000 water sprinklers to be used to combat dust on the roads through out the year. "In view of traffic, these sprinklers will operate in early morning and late night hours so that no congestion is there on the roads," she said. Further, the government is also deploying integrated

KG Motors looks to kickstart Japan's electric-vehicle market with Mibot

KG Motors has developed a battery-powered one-seater that more resembles a futuristic golf cart than it does a modern EV, much less a traditional car

Schaeffler to invest €500 million in India, opens fifth plant in Tamil Nadu

German firm Schaeffler will invest €500 million in India over five years to grow EV, rail, and renewable businesses and deepen localisation amid global shifts

Terra Motors launches electric auto to boost presence in L5-EV segment

Electric vehicle maker Terra Motors on Tuesday expanded its electric vehicle range in the country as it looks to strengthen its presence in the country. The Japanese firm, which introduced the electric three-wheeler KYORO+ to cater to the passenger segment, already has a sizable presence in electric rickshaws (L3) in India having sold over 1.5 lakh units so far. With the new model, the company aims to bolster its position in the electric three-wheeler segment (L5). Terra Motors India Managing Director Go Suzuki said the company aims to garner around 5-8 per cent market share in the segment which sees sales of around 1.5-1.6 lakh units per annum. The company also has ambitious plans to scale up the sales network and production capacity in the country, he noted. "We aim to establish 100 dealerships across the country and scale up production capacity of the electric auto-rickshaws to around 5,000 units per month," Suzuki said. The company currently has a manufacturing capacity of ar

India core to global automakers' plans, but EV adoption still slow: Moody's

Moody's sees India's car sales growing at Asia's fastest rate, but says EV transition faces challenges due to limited infrastructure and cost pressures

Chinese electric trucks, machines set to build global cities of future

Work vehicles have tended to fly below the radar in discussions of urban emissions, but their vast size and power requirements give them a disproportionate share of engine pollution

Govt may offer spare e-buses under PM E-DRIVE for religious tourism

This consideration follows the allocation of 10,900 e-buses to five cities: Delhi, Bengaluru, Hyderabad, Ahmedabad, and Surat

Maharashtra unveils new EV policy aiming for 30% adoption by 2030

The new Electric Vehicle (EV) policy of the Maharashtra government seeks to achieve 30 per cent EV penetration in the state by 2030, officials said on Saturday. Among other things, the policy lays down that new residential buildings must provide EV charging facilities, and also offers incentives such as toll waiver for these eco-friendly vehicles. The transport department on Friday issued a government resolution announcing the new policy which will be in effect from April 1, 2025, to March 31, 2030. It aims to make Maharashtra a leading hub for EVs in India through incentives, infrastructure expansion and manufacturing support, said an official release. By implementing this policy, the state wants to prevent 325 tonnes of PM 2.5 emissions and 1000 tonnes of Greenhouse Gas (GHG) emissions from the transport sector by 2030 as part of the Clean Mobility Transition Model, the GR said. The policy proposes incentives of up to Rs 2 lakh for electric four-wheelers used for transport and R

Tata Motors demerger to give shareholders long-term returns: Chandrasekaran

Tata Motors chairman N Chandrasekaran has said that the demerger will enhance agility, boost EV focus, and integrate AI to deliver long-term value

Hybrid vehicles complementing growth of EVs in India: HSBC report

Hybrid vehicles have complemented the growth of electric vehicle sales in India rather than competing with the latter, according to a report by HSBC Global Research. Reiterating that the Indian automotive landscape will remain a multi-powertrain industry over the medium to long term, HSBC Global Research said hybrids, CNGs, and biofuels are practical medium- to long-term solutions, while the country moves towards eventual electrification. "We think Strong Hybrid Electric Vehicles (SHEVs) and Battery Electric Vehicles (BEVs) are not cannibalising each other but, rather, are attracting different sets of customers," the report said. In states where incentives are offered for SHEVs, BEV sales have also seen strong growth, it added. "In FY25, the growth in EV sales was similar to the growth in SHEV sales, despite incentives being offered on SHEVs by Uttar Pradesh, the largest PV-selling state in India. This trend suggests that SHEV adoption is having a positive effect on BEV sales," the

BYD supasses Tesla in Europe for the first time with 169% surge in sales

Until recently, BYD and its Chinese peers had prioritized selling fully electric cars in Europe, spurred by the region's ambitious targets to lower tailpipe emissions and transition the industry

Strong hybrids and BEVs cater to distinct buyers, says HSBC report

HSBC report says BEVs and strong hybrids are not cannibalising sales in states with dual incentives; both segments are growing independently with new launches

Honda to come up with electric two-wheeler plant in India by 2028

Company to also focus on capturing growing demand for hybrids with new models

Chinese EV battery maker CATL debuts on Hong Kong exchange, raises $4.6 bn

CATL's listing, the largest globally this year, could be a nudge for other major mainland China firms that are already eyeing Hong Kong's equity markets

MCA aims to complete Gensol Engineering probe in three to five months

Authorities including NFRA and ICAI are examining Gensol's books and audit trail; SFIO probe likely if MCA finds sufficient evidence of fund diversion

How China's slow approval of rare earths is threatening supply chains

China's delay in approving export licences threatens manufacturing, EVs, and defence tech worldwide