Page 40 - Electric Vehicles

Ola Electric posts revenue of Rs 1,240 crore in Q2FY25, up by 38.5%

The firm's consolidated loss narrowed to Rs 495 crore compared with Rs 524 crore in last quarter

Vajram Electric Ltd. gears up for major fundraising to expand manufacturing facility, targeting global brands

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Sterling Tech-Mobility partners with Chinese firm to set EV component plant

Sterling Tech-Mobility Ltd on Monday said it will set up a manufacturing facility in collaboration with Chinese firm Kunshan GLVAC Yuantong New Energy Technology for advance high-voltage DC contactors and relays for electric and hybrid vehicles in Bengaluru at an investment of Rs 40 crore. The collaboration, which is aimed at the domestic production of these auto parts, is expected to generate Rs 250 crore in business by FY30 and Sterling Tools will bring the niche technology to manufacture and assemble HVDC contactors and relays locally at a new facility in Bengaluru, a release said. Sterling Tech-Mobility Limited is a wholly-owned subsidiary of Sterling Tools Partners while GLVACYT is 100 per cent-owned by Kunshan GuoLi Electronic Technology Co Ltd. The development will empower Indian OEMs, tier-I companies, and other suppliers to access advanced technology right at home, building a self-reliant ecosystem for the electric vehicles (EV) and hybrid electric vehicles (HEV) sectors, t

Suzuki Motor unveils battery EV model e-Vitara; to start production in 2025

The e-Vitara is based on the concept model 'Evx,' which was showcased at the Auto Expo in India in January 2023. It represents Suzuki's first global strategic BEV model

Royal Enfield reveals first EV brand Flying Flea-C6, to hit markets next yr

Royal Enfield, a division of Eicher Motors, forayed into electric bike space on Monday with the unveiling of its first model under the all-new Flying Flea brand

China's messy EV dispute with European Union keeps trade tensions in check

China has incentives to contain the dispute: Its economy is slowing and it needs to find buyers for its EVs to ward off deflationary pressures

China files complaint at WTO over EU anti-subsidy tariffs on Chinese EVs

China has moved forward with a complaint at the World Trade Organisation that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it strongly opposes the measures and insisted its move was designed to protect the EV industry and support a global transition toward greener technologies. The European bloc announced last month it was imposing import duties of up to 35% on electric vehicles from China, alleging the Chinese exports were unfairly undercutting EU industry prices. The duties are set to remain in force for five years, unless an amicable deal can be struck. Electric vehicles have become a major flashpoint in a broader trade dispute over the influence of Chinese government subsidies on European markets and Beijing's burgeoning exports of green technology to the bloc. China alleged that the EU move amounted to an abuse of trade remedies that violates WTO rules, and amount

Royal Enfield enters a new era with launch of electric vehicle brand

The first model under Flying Flea to hit the road next year will be the FF-C6

Suzuki Motor unveils first battery electric SUV, 'e Vitara' in Europe

Suzuki Motor Corporation on Monday unveiled its first mass-production battery electric vehicle -- the e Vitara -- in Europe. Production of the model is slated to commence at Suzuki Motor Gujarat in India in spring 2025, with sales expected to begin in various countries, including Europe, India, and Japan, around summer 2025, the Japanese automaker said in a statement. Maruti Suzuki India plans to launch the model next year. Suzuki has about 58 per cent stake in Maruti Suzuki India. The e VITARA is based on the concept model "eVX", which was showcased at the Auto Expo held in India in January 2023, and at the Japan Mobility Show in October same year. The model marks Suzuki's first global strategic BEV model. "The e Vitara is our first BEV, developed through repeated trial and error to create an easy-to-use BEV for our customers," Suzuki Motor Corporation President and Representative Director Toshihiro Suzuki said. To realise a carbon-neutral society, the company will provide a var

China's Nio plans to sell its first hybrid car model overseas only by 2026

Development of the extended range hybrid, under the Firefly brand, stems from suggestions by Nio's main investor, Abu Dhabi investment vehicle CYVN Holdings

China's EV success isn't all about subsidies, it's time rivals compete

Given the nationalistic and secretive nature of Beijing's government, the absence of confirmation can serve as further proof of just how devious its industrial policy is

India's EV market sees festive season boost, reversing recent slump

This year has seen the EV sector on a roll, as it took only 10 months to hit the 1.5 million mark-a feat that took a full 12 months last year

Ola Electric sells over 50,000 units, registers 41,605 units in Oct

With a market share of 30 per cent, the company said it continues to dominate the EV 2W segment in India

Ather Energy sets monthly record with over 20,000 scooters shipped in Oct

The recently launched family scooter, Rizta, has been a significant contributor, accounting for approximately 60 per cent-70 per cent of this month's total volume

EKA Mobility lands Rs 3,000 cr deal to manufacture 1,500 electric buses

Plans to expand operations with Rs 650-cr outlay

EU to increase tariffs on Chinese EVs to protect its car industry: Report

The extra tariffs on China-made electric cars will go ahead as planned, despite ongoing talks with China and will apply as of Wednesday

BLive EZY deploys 1,000 premium electric vehicles to cater festive demand

BLive EZY on Wednesday said it has deployed 1,000 units of premium EVs to cater to the festive demand in the quick commerce segment. As the festive season drives a surge in online shopping, India's quick commerce market is set for exponential growth, Blive EZY said. Moreover, during peak times, consumers expect their orders in as little as 10-15 minutes, making ultra-fast delivery essential, it added. "With festive demand for quick commerce deliveries at an all-time high, BLive EZY has deployed 1,000 premium electric vehicles (EVs) tailored to meet the dynamic requirements of this growing industry," it said. "Our customised EV fleet solution is a perfect answer that addresses both the rapid delivery challenges of today's consumers and the sustainability goals of modern businesses," said Samarth Kholkar, CEO and co-founder of BLive. Driven by platforms like Swiggy Instamart, Blinkit, and Zepto, the sector is projected to reach USD 5.5 billion by 2025, according to the strategy ...

Toyota to Launch Maruti Suzuki eVX-based Electric SUV in India by 2025

EV unit and platform used for this model were jointly developed by SMC, TMC, and Daihatsu Motor Corporation, leveraging each company's strengths

Electric scooter makers under lens over 12K after-sales service complaints

The scrutiny follows a recent announcement from Ola Electric, which claimed to have resolved almost all of its complaints registered with the CCPA

Ola Electric expands service by 30%; adds over 50 centres, 500 technicians

India's biggest e-scooter maker Ola Electric has ramped up capacity at its service centres across the country by over 30 per cent to transform its service and elevate the after-sales experience of customers, sources said. The Softbank Group-backed firm, which commands nearly a third of the market share in India's e-scooter market, has added more than 50 service centres and has hired over 500 service technicians across new and existing service centres to streamline operations and clear all backlogs. The company reportedly has also onboarded Ernst & Young for service transformation, strategy, and optimisation of overall service processes. The development comes in the backdrop of some centres reporting backlogs as demand outstripped their workforce. A senior company executive, who requested not to be named, said, "The company has added over 50 centres to its service network and has onboarded more than 500 service technicians across new and existing centres across the country". "The .