Page 20 - Electric Vehicles

GreenCell Mobility gets govt's letter of award for 472 e-Buses in MP

Eversource Capital-backed electric mobility firm GreenCell Mobility on Wednesday said it has received the Letter of Award (LOA) for the supply and deployment of 472 e-buses in Madhya Pradesh under the PM e-Bus Sewa Scheme. The company said it has partnered with VE Commercial Vehicles (VECV) to deploy electric buses across six cities in Madhya Pradesh. Additionally, the company said it has also joined hands with EKA Mobility for the supply and deployment of 750 e-buses across 11 cities in Andhra Pradesh. PM e-Bus Sewa Scheme is part of the Central Government's initiative to deploy 10,000 e-buses nationwide and support the Government of India's mission to electrify public transport. In FY 2024-25, CESL (Convergence Energy Services Ltd) introduced a tender for 4,588 electric buses under the PM e-Bus Sewa scheme, according to GreenCell Mobility. The company already has some 900 e-buses operational in UP, Gujarat and Maharashtra. These new contracts will see GreenCell Mobility expand

Electric vehicle charging app with real-time data, pay system on cards

New app aims to tackle limited availability, non-functional stations, and inconsistent standards

Next stop for BluSmart's electric vehicles could be Everest Fleet

Company plans to purchase BluSmart EVs and integrate them under Uber Green; talks underway with multiple lenders; decision based on pricing and quality

Ather Energy Q4 results: Loss narrows to Rs 234.4 crore on higher revenue

The company reported a revenue of ₹676.1 crore in the fourth quarter, rises 29 per cent year on year(YoY) from last year's Q4 revenue of ₹523.4 crore

Envision Energy unveils India's first race car built entirely from e-waste

Envision Energy and EarthDay.org launch the Recover-E, India's first race car made from discarded electronics, to raise awareness of e-waste and circular design

Delhi HC orders seizure of another 129 EVs tied to Gensol and BluSmart loan

Delhi HC restrains Gensol and BluSmart from selling or transferring 129 hypothecated EVs after STCI Finance alleges ₹15 crore loan default and risk of asset dissipation

Smartphones, electric vehicles off limits in India-UK free trade agreement

Government officials said that while the deal was concluded on Tuesday, implementation could take over 15 months

BP Ventures in talks to acquire Anmol Singh Jaggi's stake in BluSmart

BP Ventures is exploring a buyout of Anmol Jaggi's 25.14 per cent stake in BluSmart as part of efforts to resolve governance issues and restart suspended operations

'Short-sighted move': 17 states sue Trump admin over $3.3 bn EV funding

Attorneys general from 17 states allege Donald Trump admin unlawfully froze EV charger funds approved under Biden-era law; say only Congress can block the $3.3 billion in infrastructure aid

Bengaluru-based Routematic raises ₹340 cr, defies electric vehicle dip

The move is important as it comes at a time when the app-based mobility space - both business-to-business (B2B) and business-to-consumer (B2C) - has been under a cloud

Delhi HC bars Gensol & BluSmart from transferring or selling over 220 EVs

Delhi HC bars BluSmart and Gensol from creating third-party rights over 220 EVs leased by SMAS Auto and Shefasteq, taking total restricted vehicles to 490

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Company targets 1,000 fleet, 39,000 customers in its expanded June run

Electric vehicle sales down 17.6% at 167,455 units in April: Fada

Bajaj Auto, Ather Energy, and Hero also recorded double-digit declines in their monthly sales. Only Kinetic Green Energy and Power Solutions reported a rise in their m-o-m e2W sales, up 55.1 per cent

China's EV battery waste boom sparks gold rush in recycling sector

Battery recycling of electric vehicles (EV) is essential for sustainability, cost-efficiency, and resource security

Evera Cabs to acquire 500 BluSmart EVs, expand Delhi airport services

Brand to absorb 500 BluSmart vehicles through lenders, with plans to expand EV cab fleet to 1,000 and step up presence across NCR's high-demand airport corridors

Evera Cabs initiates repossession of BluSmart-operated 500 electric cabs

App-based electric taxi service provider Evera Cabs (Prakriti Mobility) on Monday said it has initiated the repossession of 500 electric cabs earlier operated by troubled BluSmart. Already 220 vehicles have been acquired and the remaining 280 are set to be reclaimed in the coming days, Evera Cabs said in a statement. The company is looking to enhance its position as a leading electric cab service provider, with a strong focus on airport mobility, it added. Evera claimed that alongside the fleet integration, "a big chunk of BluSmart drivers" are queuing up to join it with 10 per cent of them being women. Around 150 drivers have started doing trips and recruitment efforts are ongoing to ensure service readiness as the fleet scales up. "What we're executing is not just a scale-up, it is a realignment of the electric mobility narrative in India. As key players recalibrate, Evera is stepping forward with clear intent, absorbing proven EV assets and trusted drivers to ensure uninterrupte

Maruti Suzuki making production lines flexible to roll out ICE, EV models

Maruti Suzuki is making its production capabilities flexible so that more models, including electric vehicles, could roll out from the same manufacturing set-up, according to a senior company official. The country's largest carmaker Maruti Suzuki India is looking to add another 20 lakh units-production capacity by 2030-31 with about 28 different models in the market. Currently, the auto major has a production capability of around 26 lakh units per annum across its manufacturing plants in Haryana and Gujarat. The two plants in Haryana at Gurugram and Manesar roll out around 16 lakh units per annum. The new plant in Kharkhoda has also commenced production. To begin with, the new facility will have an annual production capacity of 2.5 lakh units and produce the compact SUV Brezza. Suzuki Motor Gujarat, a unit of the company, has also set up a facility in Gujarat with an installed production capacity of 7.5 lakh units per year. "In terms of production planning, increasingly we are ma

Tesla chair denies report that EV maker seeks new CEO to replace Musk

Musk said on X the report was a 'deliberately false article'. Activist investors have long accused Tesla's board of lacking independence and failing to rein in Musk

Early EV adopters pull ahead in sales; post twice the sales of latecomers

In FY25 alone, India recorded 1.96 million EV sales, with a penetration rate of 7 per cent, says Gagan Sidhu

Ather Energy IPO manages to scrape through; achieves 1.4x subscription

High net-worth individuals (HNIs) subscribed only 66 per cent, while retail and employee portions fared better at 1.78x and 5.4x, respectively