Page 39 - Electric Vehicles

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 .

MG teases Cyberster EV specs ahead of 2025 debut at Bharat Mobility Expo

The new MG Cyberster will be equipped with a 77 kWh battery pack powering two electric motors on each axle, making it an all-wheel-drive model

EV maker Greaves Electric Mobility files IPO papers to raise Rs 1,000 cr

Greaves Electric plans to invest the IPO proceeds into product research and development and build battery assembly capabilities, with a smaller portion earmarked to boost manufacturing capacity

Lohia Auto targets 300k sales by 2027 with new E3W brand 'Youdha'

Earlier, Lohia Auto had announced an investment of Rs 20 crore to support its expansion plans, which include both passenger and cargo electric vehicle models

Do you need to pay 18% GST on 'loss margin' of EV resale? Explained

GST on resale of used vehicles by businesses has been raised to 18% from 12%, bringing the used EV market at par with other petrol and diesel vehicles

With new launches, expansions, every fifth scooter may be electric in FY26

E-scooters are projected to end FY25 with a penetration rate of 13-15 per cent

Shriram Finance consolidate green finance biz under Shriram Green Finance

Building on its existing expertise in financing electric vehicles, Shriram Green Finance will provide sharper focus and clarity to its sustainability efforts

Shriram Finance targets Rs 5,000 cr AUM for green lending in 3-4 years

Shriram Finance's total AUM was 2.43 trillion rupees as of September end and its green financing portfolio is currently around Rs 6 billion- Rs 7 billion, the company said at a press conference