Page 3 - Electric Vehicles

Electric 2-wheeler maker Ultraviolette forays into Spain, Portugal markets

Premium electric two-wheeler maker Ultraviolette Automotive on Thursday announced its entry into Spain and Portugal, enhancing its presence to 12 European nations. By entering Spain and Portugal, the company is strategically positioning itself at the heart of Europe's booming EV landscape, it said in a statement. Rhino Electric Motor, its exclusive importer and distributor partner, will sell the F77 MACH 2 and F77 SuperStreet models in Spain and Portugal, it added. "The response from our first customers across France, Germany, the Netherlands, and other European markets has been absolutely phenomenal. Building on that momentum, we are thrilled to announce the launch of the Ultraviolette F77 performance electric motorcycles in Spain and Portugal," Narayan Subramaniam, CEO & Co-founder of Ultraviolette, said. Rhino Electric Motors Spokesperson Jorge Bialade said Ultraviolette is a game-changer for the Iberian electric motorcycle market.

Celcius to invest ₹100 cr in 3.5-ton EV reefer fleet with Switch Mobility

Celcius will invest ₹100 crore in refrigerated electric trucks and charging infra; launches 'Celcius Green' vertical to create a zero-emission cold logistics network.

China moves WTO over India's EV, battery subsidies, cites 'unfair edge'

In a statement, China's Ministry of Commerce said it will take 'firm measures' to effectively safeguard the legitimate rights and interests of its domestic industries

Ola Electric shares jump 5% on likely foray into energy storage market

According to a report by PTI, Ola Electric is likely to enter the energy storage market, which is expected to reach over $30 billion by 2030

Volkswagen, JSW back at the table for EV venture as M&M deal stalls

Earlier in February 2024, Volkswagen and JSW Group were in talks to form a joint venture for EV manufacturing in India. The discussions have now resumed after VW's stalled pact with M&M

Electric, strong hybrid car sales slow down in UP as road tax returns

As there are no car manufacturing plants in UP at present, all buyers of electric and strong hybrid cars in the state now face the usual 9-11 per cent road tax

BMW India expects EVs to make up 30% of overall sales before 2030

Luxury carmaker BMW expects its electric vehicle sales to surge over the next few years, accounting for around 30 per cent of the overall sales before 2030, driven by new products and enhanced adoption of green vehicles in the country, according to company's President and CEO Hardeep Singh Brar. The German luxury carmaker's electric vehicle portfolio in India currently accounts for around 21 per cent of the overall sales. In an interaction with PTI, Brar said the company would like to have electric models in every vehicle segment it operates in the country. "We have done well in the electric segment, and we would like to build on that further. We are today, 21 per cent and I think at this rate, we may do 30 per cent even before 2030, which is mandated by the government," he noted. Between January and September, BMW Group India retailed 2,509 electric BMWs and MINIs, a growth of 246 per cent year-on-year. The share of EVs in total sales increased to 21 per cent with iX1 becoming th

UP to offer EV incentives only to locally manufactured vehicles from Oct 14

Starting October 14, Uttar Pradesh will provide EV incentives only to vehicles that are manufactured, sold, and registered within the state, aiming to boost local production and employment

UP govt to hold global roadshows to attract manufacturing investments

The Yogi Adityanath-led government is targeting ₹3 trillion in manufacturing investments in 2025-26, up from ₹2.81 trillion in FY25

India, Korea to explore joint initiatives in electronics and EV components

India and Korea have agreed to explore joint initiatives in electronics and electric vehicle (EV) components, and digital supply chains, the commerce ministry said on Friday. It was discussed between the Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo. "In discussions...the focus areas included collaboration in manufacturing, digital technologies and clean technologies. The two sides agreed to explore joint initiatives in electronics, EV components, and trusted digital supply chains," it said. He also held bilateral meetings with ministers from Japan, South Africa, the Netherlands and discussed ways to boost trade and investments. The meeting was held on the sidelines of the G20 Trade and Investment Ministers' Meeting (TIMM) in Gqeberha, South Africa. In the discussions on the WTO (World Trade Organisation), Prasada called for the restoration of a fully functional, two-tier dispute settlement system with an operational appellate ...

Delhi govt may double two-wheeler EV subsidies in upcoming policy

Delhi government's upcoming EV policy is expected to double two-wheeler subsidies, expand charging infrastructure, and offer tax perks for scrapping ICE vehicles

Indofast Energy joins hands with e-Sprinto to deploy 20k EVs by 2026

Battery-swapping solutions provider Indofast Energy on Thursday said it has tied up with e-Sprinto to deploy 20,000 electric two-wheelers in the country by 2026. The collaboration will integrate e-Sprinto's electric vehicles with Indofast Energy's battery-swapping network expanding across the country. The strategic rollout will revolutionize delivery operations across the quick commerce, e-commerce, and food delivery sectors by establishing crucial battery-swapping infrastructure along high-demand corridors, Indofast Energy said in a statement. "By integrating e-Sprinto's high-quality vehicles with our network, we are expanding our reach across diverse customer segments and accelerating our ambitious EV deployment targets," Indofast Energy CEO Anant Badjatya said. Indofast Energy, a 50:50 joint venture between IndianOil Corporation Ltd and SUN Mobility, has also tied up with Zypp, Omega Seiki Mobility, Shadowfax, Triev, Wickedride, Green Drive etc.

Electrifying shift: Hatchbacks to luxury wheels, India's EV moment is here

As EV market matures, Indian consumers now have clear choices across budget, mid-range, and premium segments - and the first Tesla buyer in the country signals that aspiration has joined affordability

Electric PV sales more than double in September; Tata Motors leads

New entrant Tesla also retailed 64 vehicles in September, data from the Federation of Automobile Dealers Associations (Fada) showed

JSW MG aims to secure top spot in India's luxury EV market by 2026

JSW MG Motor India is eyeing the number one position in the country's luxury electric vehicle (EV) segment, banking on technological innovation, product launches and a shift in consumer preferences, a senior company official said on Wednesday. The company has already emerged as the second-largest player in India's luxury EV market and aims to take the top position by 2026, he said. "The Indian luxury car market is about 700 units a month. Our aim is to be number one in both luxury and mass categories. The luxury EV market is evolving fast, and our target is to become the number one player in 2026. In September, we sold 213 units," Milind Shah, Head of MG Select, told PTI on the sidelines of the launch of its experience centre in Kolkata, the first in the eastern region. MG Select is a designated retail channel and showroom network for luxury cars under the MG brand. Based on current industry volumes, reaching 350-plus units per month would help the company achieve the goal, he ...

Gadkari inaugurates India's first EV truck battery swapping, charging hub

Union Minister of Road Transport and Highways Nitin Gadkari on Wednesday inaugurated the country's first commercial electric truck battery swapping-cum-charging station built by Energy in Motion at Delhi International Cargo Terminal Private Limited (DICT) in village Panchi Gujran here. Calling this initiative by Energy in Motion historic, Gadkari said India spends nearly Rs 25 lakh crore annually on fuel imports. If we save this money by using alternative energy, it will be invested in India's development and help us move faster towards the dream of a developed India. An official release quoting Gadkari said special focus is being laid on reducing the country's logistics cost. The government's target is to bring it down to single digits (below 9 per cent) by December 2026. To achieve this, the highway network is being strengthened and multi-modal infrastructure is being developed by integrating waterways, rail and road transport, he stated. Lower logistics costs will not only benef

Skoda Auto India plans electric car launch by 2027-28 with local suppliers

Skoda Auto India, part of the Volkswagen group, is evaluating the launch of electric car in the country with localised supplier base, an official said on Wednesday. The company plans to enter the fast-growing Indian electric car market by 2027-28, according to the official. Skoda has a global portfolio of electric cars positioned in the premium segment. "We are evaluating to launch the electric car in India during 2027-28 after setting up a localised supplier base. By this time, we will get the time to set up the supplier base, and the charging infrastructure would also develop", brand director of Skoda Auto India Ashis Gupta told reporters here. He said that the electric car industry comprises 10 per cent to 12 per cent of the total segment and is growing very fast. By 2027-28, the right policy framework for electric cars would also be in place, Gupta said. With four models in India, three sedans and one in the small SUV segment, Skoda Auto India has a market share of 1.7 per cent

Tesla launches cheaper versions of 2 EVs in bid to win back market share

Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales but investors dumped its stock anyway. The new Model Y, costing just under USD 40,000 with a stripped-down interior, comes in a brutal year for Tesla as it tries to attract more customers despite an aging lineup, stiff competition from foreign EV makers and anti-Elon Musk boycotts targeting the company. The reaction from the stock market after the news broke suggests the new models are not expected to help much. Investors were looking for something truly different, not an iteration of a old product, said Edmunds analyst Ivan Drury, speaking as Tesla stock dropped sharply in the last minutes of trading. I can't imagine this will bring levels back to what they want. Tesla also announced a cheaper version of its Model 3 for under USD 37,000. For New York residents taking advantage of a state rebate, the price was below USD 35,000. Tesla has talked

Electric vs petrol cars: Gadkari says prices to equalise within six months

Gadkari said India's heavy dependence on fossil fuels is both an economic strain and an environmental challenge, noting that the country spends ₹22 trillion annually on fuel imports