Page 31 - Electric Vehicles

All eyes on EV launches, Chinese 'presence' at expanded Auto Expo

Nearly 40 new products expected to be showcased or launched at the biennial event

Pakistan cuts charging stations' power tariff by 45% to boost EV adoption

The government is also planning to introduce financing schemes for e-bikes and the conversion of two- and three-wheeled petrol vehicles

Euler Motors secures $20 mn in debt funding from responsAbility Investments

Commercial electric vehicle maker Euler Motors on Wednesday said it has secured up to USD 20 million in debt from responsAbility Investments AG to ramp up production and distribution networks as well enhance research and development capabilities. The fresh capital infusion comes close on the heels of the company closing its Series C funding round, raising an additional Rs 200 crore from investors including British International Investment, Blume Ventures, and Piramal Alternatives India Access Fund, Euler Motors said in a statement. The USD 20 million in debt funding from responsAbility Investments will help accelerate Euler Motors' mission to electrify India's commercial vehicle segment, supporting the growth of the recently-launched four-wheeler Storm EV for logistics and e-commerce clients, it said. "This new funding will boost us to scale further, expand our reach, and continue delivering sustainable, high-performance solutions that meet India's unique logistics needs," said ...

64% consumers may choose EV as their next vehicle in 2025: TCS study

Among the challenges, cost of vehicles, maintenance, charging time, charging infrastructure, and range were identified as key factors influencing consumer decisions when considering purchasing an EV

Global EV sales jump 25% in 2024 as China leads and Europe stabilises

Incentives and emission targets pushed EV sales in China and aided Britain in overtaking Germany as Europe's biggest battery-electric market in 2024

Hyundai Motor India expects passenger EV market to double in 2 years

Hyundai India's Chief Operating Officer Tarun Garg says an improving ecosystem may help passenger EV penetration touch 17 per cent by 2030 from the current 2.4 per cent

Kinetic Green partners with Yuma Energy to deploy 100K EVs in 4 years

Kinetic Green Energy & Power Solutions on Monday said it has collaborated with battery-as-a-service operator Yuma Energy, for deploying 1 lakh electric vehicles over the next four years to accelerate last-mile e-mobility in the country. The rollout will start from Pune next month with approximately 1,000 E- Luna being offered under the strategic partnership to select fleet operators, the company said. The E-Luna caters to various last-mile delivery applications such as food, groceries, e-commerce and quick commerce delivery. The partnership will then be scaled nationally to 1 lakh electric two-wheelers and three-wheelers in next four years. The company said that as part of the partnership it will integrate its various swap-ready EVs into Yuma Energy's BaaS network to maximise convenience to customers including EV fleet operators and riders while subscribers to Yuma Energy's BaaS network will have access to over 200 existing swapping stations, with more locations being continuously

Okaya EV plans market expansion, to launch 4 electric two-wheelers in 2025

OPG Mobility plans to raise around Rs 400 crore in the next 24 months which will be utilised for product development and market expansion. It targets semi-urban markets for growth

Luxury electric vehicle retail sales in 2024 clock 6.7% growth: Fada

Top luxury OEMs together sold 2,809 EVs in 2024, against 2,633 units in 2023

Hyundai Creta Electric interiors revealed ahead of Jan 17 launch: Details

Hyundai India has been gradually revealing details of Creta Electric ahead of its launch, giving us an idea of what the new EV will look like on the inside and its feature offerings

OPG Mobility to raise Rs 400 crore, gets into product portfolio expansion

Electric vehicle maker OPG Mobility, formerly Okaya EV, is seeking to raise around Rs 400 crore within the next 18-24 months to fuel its growth plans as it embarks on product portfolio and network expansion drive, according to its Managing Director Anshul Gupta. The company, which underwent a rebranding exercise recently, will house its two-wheeler division under the 'Ferrato' brand and plans to launch two new electric scooters and one electric motorcycle with two variants this year, Gupta told PTI. Besides, the three-wheeler division under 'OTTOPG' will see foray into electric passenger segment this year and the company is working to enhance its sales and service network expansion across India as it prepares to rope in investors to prepare for the long term, he added. "The idea will be to get a private equity, either strategic investor or non strategic investor, either of the two, and then build from there, and eventually, succeed in the long race," Gupta said when asked if OPG ..

LICO Materials aims to triple revenue to Rs 100 cr in FY26, says CEO

LICO Materials, a battery recycling and repurposing company, is looking to triple its revenue to over Rs 100 crore in FY26 on the back of growing EV and energy storage demand in India, its CEO Gaurav Dolwani said. "This year, we're expecting about Rs 30 crore...In a commodity upswing, doing the same business, we could probably cross Rs 100 crore," Dolwani said. The company was hoping for a better revenue in the current financial year but the decline in lithium, cobalt, and nickel prices has impacted the numbers, even though the company has hit its desired quantities. Last month, it inaugurated a battery recycling facility in Bengaluru, which has the capacity to process about 17,500 tonne of battery input per annum. LICO Materials, which plans to set up its own downstream chemical facility in two-three years is committing Rs 250 crore for the same. Asked how does the company plan to fund the unit, the CEO said it will be a mix of equity and debt. The company also plans to open anot

Tata launches 2025 Tiago and Tiago EV ahead of Bharat Mobility Expo unveil

The updated Tata Tiago and Tiago EV will be showcased at the Tata Motors pavilion, alongside other models such as the production-ready Tata Harrier EV and Tata Sierra EV

Hyundai launches $18,000 compact EV in Japan to penetrate EV-wary market

The Japan launch of the Hyundai Inster follows attempts by foreign brands such as Tesla to enter a country which has seen a slow take-up of EVs

Flying taxis startup ePlane partners with TCS to ease urban mobility

Together, they aim to create transformative solutions that address pressing urban challenges, such as congestion, inefficiency, and environmental sustainability

Lessons learned from the pandemic: M&M chip-ready for BE 6, XEV 9e EVs

Starting with 5000 pm sales and annual 90k capacity, M&M says it can expand it by adding shifts

Robust charging infra key to achieving India's ambitious EV targets

The Ministry of Heavy Industries has identified 40 cities for electric four-wheeler charging-points with Delhi, Bengaluru, Mumbai, and Hyderabad leading way, and 40 highway corridors for e-bus transit

Numeros Motors to launch electric two wheeler in Bharat Mobility Expo

Engineered to redefine clean mobility, the platform is available in three variants: Diplos Max, Diplos Pro and Diplos I-Pro

Honda Motor cautious about new EV production ahead of Trump presidency

Honda will also be cautious about its battery plant plans in Canada, mindful of government regulations and EV market trends

BYD brought hundreds of Chinese workers to Brazil on irregular visas

A total of 163 of those workers, hired by BYD contractor Jinjiang, were found last month to be working in what Brazilian authorities said were slavery-like conditions