Page 33 - Electric Vehicles

China's BYD chalks up new record in EV sales, narrows gap with Tesla

The Shenzhen-based carmaker, which stopped making vehicles entirely powered by fossil fuels in 2022, hit a new monthly sales record in December, spurred on by subsidies

Electric two wheelers, premium bikes set to dominate market in 2025

Honda will kick off January 2025 with the highly anticipated launch of the Activa e: and QC1 electric scooters

BII to make Rs 650 cr in final tranche of investment on M&M's EV arm

Automaker Mahindra & Mahindra Ltd on Monday said British International Investment Plc will make a final tranche investment of Rs 650 crore, as against earlier planned investment of Rs 725 crore, in its electric vehicles arm. Earlier this year in May, the company had intimated that it and British International Investment Plc (BII) have mutually agreed to extend the timeframe for the final tranche of BII's planned investment of Rs 725 crore in Mahindra Electric Automobile Ltd (MEAL) and would jointly assess whether additional investment is required by December 31, 2024, M&M said in a regulatory filing. In this connection, M&M said the company and BII have jointly assessed the funding requirement for MEAL on the basis of which it has been "mutually agreed that the final tranche of BII Group's (i.e. BII and/or BII India EV LLP) investment would be Rs 650 crore to be completed by March 31, 2025, as against earlier planned investment of Rs 725 crore". "Consequently, the total ...

JSW group in talks with Geely, BYD for electric car production plans

JSW Group is in talks with Chinese automakers Geely and BYD to launch electric vehicles and e-trucks in India, aiming to establish an integrated mobility company under its JSW Green Mobility division

EV sales in India up 27% in 2024, miss 2 million mark by a whisker

In 2024, an average of 12.43 petrol, diesel, CNG, or hybrid vehicles were sold for every EV- an improvement from 15.67 in 2023 and 21.05 in 2022

Driving sustainability: Ride-hailing firms accelerate EV growth plans

As BluSmart strengthens its presence, other platforms in the ride-hailing and electric mobility segment are also putting their expansion plans in fast lane

Why is Tata Motors thirsting for competition despite losing EV market share

Chandra says when the market expands, one benefits from a wider portfolio, but when the market is not growing, products start cannibalising among themselves

Tata Motors' new EVs promise over 500 km range on a single charge

This has been made possible by declining global costs of battery cells for EVs

Motorcycle maker Ultraviolette to accelerate commercial operations in 2025

Electric premium motorcycle maker Ultraviolette is scaling up its commercial operations, targetting monthly sales of 1,000 units a month by the second half of 2025 while also gearing up to enter European and other international markets next year, according to top company officials. The company plans to increase its sales network to 30 cities next year from 12 cities at present, having put in place the technology base for its product and validated through real-world testing, Ultraviolette CTO and co-founder Niraj Rajmohan told PTI. "This year (2025) is where we are starting to scale up from a commercialisation point of view. The product and technology are very stable. It also gives us that ability to sustainably produce and be economically viable from a company operating standpoint," he said. When asked about the volume target, Rajmohan said the company's objective is to clock about 1,000 units a month by the second half of 2025. So far, the company has sold a total of 1,000 units o

Workers at BYD construction site victims of human trafficking: Brazil

BYD and contractor Jinjiang Group have agreed to assist and house the 163 workers in hotels until a deal to end their contracts is reached, Brazil's Labour Prosecutor's Office said

Ola Electric Powers Up: Expands to 4,000 stores, share price zooms 6%

The rally in Ola Electric share price came after the company announced that it has expanded its network to 4,000 stores nationwide, registering a four-fold increase from the existing network

Just 12 OEMs achieve 50% domestic value addition target in PLI-Auto

The champion OEMs include Tata Motors, Mahindra & Mahindra, Ola Electric Technologies, Eicher Motors, TVS Motor Company, and Bajaj Auto

Ola marks 4,000-store milestone with tier-3 town EV network expansion

The electric vehicle company said it is committed to driving large-scale EV adoption enabling deeper penetration beyond tier-1 and tier-2 cities to almost every town and tehsil across India

Honda, Nissan merger deal may be key in fight against China's BYD

Honda and Nissan are both having trouble contending with ascendant domestic automakers in China

Toyota global production down for 10th month despite rising sales

The world's biggest automaker manufactured 869,230 vehicles globally in November, down 6.2 per cent from the same month last year

GST on caramel popcorn sold in theatres to stay at 5%, govt clarifies

Change in sale of old EVs a simplification measure

EV-maker Greaves Electric Mobility files IPO papers, seeks Rs 1,000 crore

The IPO includes a fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale of up to 189.3 million equity shares by Greaves Cotton Limited and Abdul Latif Jameel Green Mobility Solution

GST on old used cars only when sale price higher than depreciated value

A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the selling price is higher than the depreciation adjusted cost price of the vehicle, sources said. The GST Council in its meeting last week decided to prescribe a single rate of 18 per cent on sale of all old and used vehicles including EVs, earlier leviable at different rates. If an individual sells old and used car to another individual, GST would not be applicable. Sources said where the registered person has claimed depreciation under Section 32 of the Income Tax Act 1961, GST is payable only on the value representing the margin of the supplier, that is the difference between consideration received for the supply of such goods and the depreciated value of such goods on the date of supply. "Where such margin is negative, no GST is payable," a source said. For example, if a registered person is selling an old and used vehicle to any person at Rs 10 lakh, whe

Chinese workers found in 'slave-like conditions' at BYD's Brazil facility

BYD has cut ties with its contractor Jinjiang Construction Brazil Ltd, and pledged to protect the rights of all subcontracted workers

Here's all you need to know about auto industry's journey for 2025

Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR. With India making its presence felt in the global automotive landscape, automakers are expected to showcase their new models with varied powertrain technologies across multiple price points, catering to different sets of customers at the expo as the adoption of environment-friendly cars is slated to gather pace in 2025. While electric .