Page 28 - Electric Vehicles

Blue Energy to invest Rs 3,500 cr to set up Maharashtra electric truck unit

LNG-powered truck maker Blue Energy Motors on Wednesday said it plans to invest Rs 3,500-crore for setting up an electric trucks production plant in Maharashtra to fuel the state's green energy transition. Under the terms of an initial pact, announced at the World Economic Forum in Davos, Blue Energy Motors will establish a dedicated facility for advanced electric (EV) trucks that will house advanced R&D capabilities, battery-pack line, motor manufacturing unit and set up charging stations as well, the company said. The proposed projects are slated to commence in the next financial year, Blue Energy Motors said. This investment, according to the company, is expected to generate direct employment for over 4,000 people. "Our investment will not only reaffirm Maharashtra's position as a global hub for advanced clean mobility solutions but also will contribute to job creation and economic growth," said Anirudh Bhuwalka, CEO of Blue Energy Motors. The new inter-connected facility will

Here's why China's EV makers have a good reason to delay paying bills

The biggest producer of electric cars last year was a high accounting risk because of the unprecedented scale of financing from its supply chain, analyst Nigel Stevenson wrote

Budget 2025: e2W makers call for GST rate cuts, relook at PM E-DRIVE plan

Industry stakeholders have also highlighted the need for consistent policy support and investments in skill development to ensure the sector's long-term sustainability

Multiple launches prove EVs sole alternative for decarbonisation: Merc

About 99,165 electric cars were sold in India in 2024, recording 20 per cent year-on-year growth, according to FADA

Exicom TeleSystems sees a boost as major auto brands go for EV expansion

Electric vehicle charging solutions maker Exicom TeleSystems sees a boost to its business from the expansion in EV portfolios by major brands and uptake of the technology in overseas markets as well, a top official of the company said. While speaking at the Bharat Mobility International Expo, Exicom managing director Anant Nahata told PTI that the company is on expansion spree and expects its third EV charger manufacturing unit in Hyderabad to become operational within four months. He said that electric mobility has seen huge success in India, but in terms of cars, it is still between 3-4 per cent penetration. "As we have seen at the Bharat Mobility Show, all the big brands, whether it's Tata, Mahindra, Maruti Suzuki, or a host of foreign brands, have launched electric vehicles for India. We expect this penetration to rise much more rapidly in the next few years compared to the past. This growth creates significant opportunities for all the companies in the electric vehicle ecosyste

Citroen India extends standard warranty period on its ICE car models

The new standard warranty policy extends to the Citroen C3, C3 Aircross, Basalt, and C5 Aircross. The warranty on the e-C3 electric hatchback remains unchanged

Tata Motors teams up with Saraswat Bank to offer competitive interest rates

Tata Motors Passenger Vehicle division and Tata Passenger Electric Mobility have signed a MoU with Saraswat Bank to offer their models at competitive interest rates

India's auto sector at crossroads: Adapting to EVs and global competition

The auto-component sector must also be given time to evolve, through the creation of alternative ecosystems

TVS launches King EV MAX electric three-wheeler, targets pan-India rollout

Priced at Rs 2,95,000 (ex-showroom), TVS King EV MAX will be available at select dealerships in the initial phase

EV sales must reach 50% by 2030 to achieve net zero goal: Bhupender Yadav

He urged the auto industry to participate in the government's Green Credit programme to incentivize voluntary environmental actions

VinFast readies India drive for export hub, plans first stop in Tamil Nadu

Scouts for co-investors in charging firm V-Green in India

South Korean auto major Hyundai partners TVS to roll out e3Ws, micro 4Ws

Hyundai Motor is exploring the potential to offer design, engineering and technology, while TVS Motor will explore manufacturing and marketing of the vehicles

EVs on anvil, part of multi-tech approach to combat emission: Toyota

Japanese auto major Toyota will launch electric vehicles in India, as part of its multi-technology approach towards combating carbon emission in the country, which EVs alone cannot tackle, according to top officials of the company's Indian arm. The company feels that under the current circumstances, strong hybrid is the most practical solution supplemented by other technologies, including electric, flex fuel, electrified flex fuel, and plug-in hybrid in India, Toyota Kirloskar Motor & Lexus India, Deputy Managing Director - Sales-Service-Used Car, Tadashi Asazuma told PTI. "India itself is one of the most important country markets that we recognise. So in terms of the technologies, we are thinking of how to contribute to the Indian auto market, what will best suit India. "However, as of now, we think that the strong hybrid is a kind of practical answer to start with," he said here in an interview on the sidelines of the Auto Expo held as part of the Bharat Mobility Global Expo ...

Keen to have mfg in India, visa issue not affecting operations: BYD

China's electric vehicle major BYD is keen to have manufacturing operations in India as soon as 'all factors' suggest a 'go ahead' and the plan is under constant evaluation, according to a top official of the company's Indian arm. Despite the political tension between India and China resulting in visa issues, the company has not felt any impact of it on its operations in the country and has also found acceptance of its products from the 'pragmatic' Indian customers, BYD India Head of Electric Passenger Vehicles (EPV) Business Rajeev Chauhan told PTI. In an interaction on the sidelines of the Auto Expo held as part of the Bharat Mobility Global Expo 2025, he said the company, which unveiled its premium electric SUV SEALION 7, will be considering the homologation route for more models to be able to sell more vehicles in India. "These kinds of plans, manufacturing plans are constant evaluation which we are doing...We are keen, we would love to do that as soon as all factors suggest tha

BYD to keep focus on launching EVs in Rs 25-45 lakh range: India Head

Chinese EV manufacturer unveiled Sealion 7 for Indian market at Bharat Mobility Global Expo

Price parity with ICE-run cars important for EV boom: Kia's Hardeep Brar

About 99,165 electric cars were sold in India in 2024, recording 20 per cent year-on-year growth, according to FADA

Entry of more players to help break barriers: Auto industry leaders

The entry of more players in the EV segment will help in breaking barriers and accelerate adoption of electric mobility in the Indian market, according to leading automobile manufacturers. More product introductions will help in catering to diverse customer needs with competition leading to expansion of the market, they noted. The announcements by passenger vehicle market leader Maruti Suzuki India with its e VITARA and Hyundai Motor India's Creta Electric will help change the negative narrative regarding EVs in India and a unified voice from the Indian automotive industry across players and segments will help in better transformation and acceleration towards electric adoption, top executives of different automakers said. "The general narrative on EV (earlier) was a bit more on the negative side, with a lot of question marks. Today, with all Original Equipment Manufacturers now having a credible EV portfolio, and they're all wanting to sell, I think the narrative on EVs will change,

SML Isuzu forays into EV segment with Hiroi.ev, bullish on govt schemes

Commercial vehicle maker SML Isuzu has forayed into the electric vehicle business with the launch of Hiroi.ev platform for commercial buses that are expected to be rolled out in the April-June quarter this year, a senior company official said. While admitting the continuing dominance of diesel, petrol, CNG-based vehicles, the company expects the government's sustainability targets and programmes to push demand for EV buses and bring down cost of production with large volumes. "As we introduced our first ever EV bus, I think technology is available and we are ready for implementation. We think this is the right time to roll out EVs. India is one of the most promising markets in the world. Indian government plans for 30 per cent EV penetration in total sales by 2030 will provide us strong support for growth in EV buses," SML Isuzu, MD and CEO, Junya Yamanishi said at Bharat Mobility Global Expo. The company's Hiroi.ev bus platform has been designed for intra and inter-city ...

Electric vehicle sales in India crossed 1.4 mn units in 2024: Kumaraswamy

Electric vehicle sales in India crossed 14.08 lakh units in 2024, achieving a market penetration rate of 5.59 per cent, up from 4.44 per cent in the previous year, Union Minister H D Kumaraswamy said on Saturday. The minister asserted that the upward trend in EV adoption underscores the growing public trust in electric vehicles, as well as the positive impact of government incentives and industry innovation. "Total EV sales in calendar year 2024 reached 14,08,245 - a penetration of 5.59 per cent, up from 10,22,994 in calendar year 2023, which stood at 4.44 per cent," the minister for Heavy Industries and Steel said at a Federation of Automobile Dealers Association (FADA) event here. He observed that despite global uncertainties, the country's automotive sector has continued on a growth trajectory. "In the calendar year 2024, the industry collectively retailed 26.1 million vehicles, marking a robust 9 per cent year-on-year increase," Kumaraswamy said. Talking about the Production

MG Windsor EV sees Rs 50,000 price increase, new range Rs 14-16 lakh

The MG Windsor EV was priced between Rs 13.50 lakh and Rs 15.50 lakh and now the prices have seen an upward revision of Rs 50,000