Page 28 - Electric Vehicles

Global EV sales up 18% in January; growth in Europe, US outpaces China

Global sales of fully electric vehicles and plug-in hybrids (PHEV) rose 17.7 per cent year on year to 1.3 million in January, the third consecutive month of slowing growth

Simple Energy unveils upgraded electric scooter, seeks aggressive expansion

Bengaluru-based EV startup says its product is India's longest-range electric scooter

Ensuring there are no speed bumps in ties: USISPF President, CEO Aghi

Both countries are expected to discuss the deportation of illegal Indian immigrants by the US government

PE/VC pullback brings dark clouds over Indian climate-tech companies

Funding fell 61% to $1.3 bn in 2024

Maruti Suzuki to boost charging infra to position e VITARA as primary car

Maruti Suzuki India aims to bolster charging infrastructure in the country before it drives in e VITARA with plans to establish the model as a primary vehicle in a household, according to a senior company executive. The auto major also plans to boost after-sales support, bring in a leasing model and more finance options to encourage customers to buy the model. "One of the major concerns for the customer is the adequacy of the public infrastructure in terms of the chargers. So we are planning to have a fast charger at a frequency of 10 kilometers in the top 100 cities," Maruti Suzuki India (MSI) Senior Executive Officer (Marketing & Sales) Partho Banerjee told PTI in an interaction. Currently top 100 cities in the country account for almost 97 per cent of the total EV sales, he stated while elaborating on the plan. "We believe that the customer who will be buying the car will be moving out of the city as well so we want to make our e VITARA as the primary car, not the secondary car

Kerala to draw more tax from Rs 15 lakh+ EVs to charge up revenue

The lifetime road tax on EVs costing above Rs 15 lakh was raised to 8 per cent of the vehicle's price, from the current 5 per cent

Electric vehicle sales surge in January on renewed subsidy push: Fada

Second Half of 2024 saw higher EV sales, peaking in Oct at 219,482 units

Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%

Its revenue from operations in Q3FY25 dropped 19.36 per cent to Rs 1,045 crore, down from Rs 1,296 crore in the same period last year (YoY)

Will not pay Northvolt for battery joint venture stake, says Volvo Cars

The automaker last week agreed with Northvolt to take over its stake in the venture, which included a planned Gothenburg battery cell factory, without disclosing the amount involved

HCLTech partners with ChargePoint to drive EV charging technology

IT services company HCL Technologies (HCLTech) on Thursday announced a collaboration with ChargePoint, a provider of networked charging solutions for electric vehicles, to drive innovation in EV charging software. According to a release, HCLTech has set up an advanced research and development centre for ChargePoint in Bengaluru. The centre, inaugurated on Thursday by leadership from both companies, will serve as a central hub for ChargePoint's software development efforts in India. It aims to leverage HCLTech's engineering capabilities by way of an agile, product-focused operating model, to help ChargePoint deliver scalable and customisable EV charging experiences. "India has long been vital to our success, and this is a critical region for our software development. We aim to recruit the brightest talent for this new facility, developing the products which will shape the future of our industry," Rick Wilmer, CEO of ChargePoint, said. Ajay Bahl, Chief Growth Officer, Americas, ...

Ola Electric enters EV motorcycle segment with launch of Roadster X series

Deliveries for the Roadster series are set to begin in mid-March. The company has been teasing the launch of its electric motorcycles multiple times

Ola Electric forays into e-bike segment with Roadster X series

Ola Electric on Wednesday said it has forayed into the electric motorcycle segment with the launch of its Roadster X series. Built on the company's scalable motorcycle platform, the all-new Roadster X series comes with 2.5kWh, 3.5kWh and 4.5kWh variants priced at Rs 74,999, Rs 84,999 and Rs 94,999, respectively. The Roadster X+ 4.5kWh is priced at Rs 1,04,999 and Roadster X+ 9.1kWh (with 4680 Bharat Cell) that offers a range of 501 km per charge is tagged at Rs 1,54,999, the Bengaluru-based company said in a statement. "Motorcycles are at the heart of India's mobility landscape. With our electric motorcycles, we're driving the EV revolution deeper into the core of Indian mobility," its Chairman & Managing Director Bhavish Aggarwal said. After transforming the scooter market and making EVs mainstream, the company's futuristic Roadster series of motorcycles is here to accelerate the EV adoption further and make electric the first choice for every rider in India, he added. "The ...

Toyota announces EV, battery push in China, US as quarterly profit surges

Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government. Toyota Motor Corp. also announced it will start producing batteries for EVs, hybrids and plug-ins at a new USD 14 billion facility in North Carolina, with shipping starting for North American models in April. The moves highlight Toyota's aggressive push in electric cars, a sector where some critics have said it's fallen behind rivals like Tesla and BYD at a time when the Chinese EV market is booming and the world's concerns about sustainability are increasingly crucial. Toyota is setting up a company in Jinshan district in southwest Shanghai for that effort, with production of the new Lexus EVs starting in 2027. Initial production capacity there totals 100,000 vehicles a year, which will create about 1,000 jobs, the world's top automaker said. The battery plant in the US will create some 5,000 jobs, according to ..

Shriram Finance bets on green financing, targets Rs 5,000 cr AUM in 3 years

The green financing vertical will finance EVs, renewable energy products, energy-efficient machinery, and other sustainable solutions

Budget 2025: Tax relief, policy push to boost electric two-wheeler demand

The Budget also placed a strong emphasis on the gig economy, a sector that plays a crucial role in last-mile deliveries using electric two-wheelers

Ola Electric unveils S1 Gen 3 portfolio, launches 8 new scooters

Ola Electric said the Gen 3 platform delivers the next level of performance, efficiency, safety, and reliability

China's big EV push into Europe fizzles out on EU tariffs and slowdown

Brands led by SAIC Motor Corp.'s MG registered 3.5 per cent fewer EVs in the region for all of 2024, according to data from automotive researcher Dataforce

Analysts bullish on Maruti Suzuki post Q3, positive on CNG, EV growth

The Maruti Suzuki's e-Vitara electric vehicle (EV) is expected to fuel long-term growth, especially with strong export potential, analysts said.

Ola set to unveil electric scooter based on Gen 3 platform on Jan 31

Ola Founder Bhavish Aggarwal on Wednesday said electric scooter based on Gen 3 platform will be unveiled later this week. "Ringing the 'Next Level' with @OlaElectric Gen 3 scooters! We've significantly surpassed Gen 2 products in every way -- much higher performance, more features, great design! And a surprise to change the industry all over again," he stated on X. The Bengaluru-based Ola Electric will unveil the product range on January 31. Ola Electric expects the new platform to bring in around 20 per cent margin savings. Some savings will come in in January and then many more every quarter as all of the Gen 3 technologies come into play, he stated during the Q2 call with analysts. "In terms of gross margin, we expect about a 20 point improvement as Gen 3 plays out over the next 12 months step-by-step," he noted. During the call, Aggarwal had mentioned that in Gen 3 upgrade, the company is doing re-architecture of the motor platform which reduces cost, increases power ...

Automakers want support for green tech, EVs, consumer spending boost

Automakers want the government to provide merit-based policies to support a full range of green technologies and alternative fuels besides allocations to facilitate electric vehicle ecosystem like charging infrastructure to further accelerate sustainable mobility in the upcoming Union Budget. With the automobile industry showing early signs of growth slowing down, they said budgetary initiatives to boost the disposable income of consumers are necessary to support robust growth. "We request the government for appropriate merit-based policies that support and help in popularising full range of greener technologies and alternative fuels thereby helping in faster and greater adoption of multiple sustainable mobility solutions," Toyota Kirloskar Motor Country Head and Executive Vice President - Corporate Affairs and Governance - Vikram Gulati said. Further, he said measures to encourage the scrapping of old vehicles through the budget will also boost demand for newer generation vehicles