Page 41 - Electric Vehicles

China's BYD on track to top 2024 sales goal and outsell Ford, Honda

Aided by robust sales in China, BYD is on course to top its annual sales target of 4 million vehicles, which would put it ahead of Japan's Honda and Detroit-based Ford for 2024

Over 100 global firms to showcase innovations at Bharat battery show in Jan

Over 100 global firms from countries like the US, Japan, China and India will showcase cutting-edge innovations at the Bharat Battery Show in January 2025. The second edition of the Bharat Battery Show (as part of the Bharat Mobility Global Expo 2025) is shaping up very well with the global participation of companies from various countries, a statement said. According to the statement, a Singaporean delegation will visit the global expo to explore Indian market opportunities. Bharat Mobility, led by the Ministry of Commerce and Industry, is a landmark event. It is set to bring together over 1,000 exhibitors and attract more than 5,00,000 visitors from over 50 countries, it added. Over 100 global companies from the US, Japan, Korea, Singapore, China, and India will showcase cutting-edge innovations at the Bharat Battery Show, the statement said. The India Energy Storage Alliance (IESA), a prominent industry partner for the mega event, will play a key role by hosting the Bharat Batt

Kinetic Green, Jio Things to launch digital display platform, analytics

Electric vehicle maker Kinetic Green Energy and Power Solutions on Monday said it has forged a technical collaboration with Jio Platforms Limited's subsidiary JioThings to launch a suite of digital display platforms and analytics. As part of this collaboration, Kinetic Green is unveiling an innovative Smart TFT-based digital and connected display platform to revolutionise the riding experience for its consumers on its E2W platforms, the company said. This advanced display integrates essential features, including real-time navigation, notifications for incoming calls, and information on nearby charging stations, Kinetic Green Energy added. The collaboration will also introduce key features like a built-in Bluetooth and telematics-enabled device to ensure seamless connectivity. This allows users to monitor and manage essential vehicle functions through their smartphones. Riders can access information on navigation, speed, battery charge status, and distance to empty, creating a highl

Hyundai Motor to set up 600 charging stations for EVs over next 7 years

India's second-largest carmaker is set to launch its first mass-market electric car, the Creta EV, in the coming months

BYD on track to beat 2024 sales goal of 4 mn vehicles, outsell Ford, Honda

During August to October, BYD added nearly 200,000 units in production capacity and hired 200,000 workers for auto and part manufacturing

Donald Trump's EV skepticism threatens $54 billion in Korean investments

Trump has long criticised President Joe Biden's efforts to subsidize EVs through his landmark energy bill

e2W companies charge up service network amid increasing complaints

Ather plans to convert all its 215 service centres into Gold service centres. Additionally, Ather's ExpressCare ensures vehicles are serviced and ready within 60 minutes

U'khand to impose green cess on out-of-state vehicles; EVs, bikes exempted

The Uttarakhand government will soon impose a green cess on out-of-state vehicles, an official said on Saturday. The amount ranges from Rs 20 to Rs 80 and will apply to commercial and private vehicles alike, he said. Two-wheelers, electric and CNG vehicles, those registered in Uttarakhand and those engaged in essential services like ambulances and fire brigades will be exempted, the official said. The tendering process for implementing the cess levying system has been initiated, Joint Commissioner (Transport) Sanat Kumar Singh said. "Our target is to operationalise the system by the end of December," he said. Automatic number plate recognition cameras will identify vehicles registered outside Uttarakhand and the amount will be deducted directly from the FASTag wallet of the vehicle owners, the official said. Three-wheelers will be charged Rs 20, four-wheelers Rs 40, medium vehicles Rs 60 and heavy vehicles Rs 80, the Joint Commissioner said. The cess will be charged based on ...

Chinese automakers pivot to hybrids for Europe to counter EV tariffs

Some manufacturers are also shifting production and assembly to Europe to lower the cost around tariffs

India's Exicom expects EV charger business to bring 50% revenue by 2030-end

(Reuters) - India's Exicom Tele-Systems, a supplier for car makers such as Mahindra & Mahindra and MG Motor, expects its electric vehicle charger business to bring in half of its annual revenue by 2030, its chief executive told Reuters.

Nissan boss Uchida races to save the struggling company and his job

Uchida's tenure has coincided with a tectonic shift in the automotive landscape, as new EV makers challenge decades-old manufacturers

Honda to launch three new models in India in 2026-27: CEO Tsumura

The electric car market is set to become increasingly competitive in 2025, with several carmakers, including Mahindra & Mahindra, Maruti Suzuki, Hyundai, and Kia, planning to launch their EVs

Maharashtra aims $1 trillion GDP with growth in manufacturing, services

Maharashtra plans to double its GDP to $1 trillion by 2030, focusing on manufacturing, EVs, semiconductors, and power reforms while maintaining its lead in FDI inflows and boosting infra development

Lectrix EV plans to raise $100 million to fund next phase of growth

Lectrix EV, the e-mobility arm of SAR Group, plans to raise around USD 100 million (over Rs 800 crore) from external sources next year to fund its next phase of growth, according to founder Rakesh Malhotra. The company has invested around Rs 300 crore in the business from internal accruals so far. "I would say we are within 12 months from raising a sizable round of capital (outside)," Malhotra told PTI in an interaction. When asked to elaborate, he noted that the company could raise around USD 100 million. "By the time we raise capital, we would have put in 50 million of our own capital. So the next round has to be in the in a size which is meaningful and can keep us going for another year or two," Malhotra said. The raised capital would go into developing the business across the country, he stated. The company plans to invest the capital to enhance the dealership network and set up swapping infrastructure in about 100 cities, Malhotra said. "We are at about 200 (dealerships) to

Wedding season sparks 2-wheeler boom but passenger vehicles hit the brakes

As passenger vehicle retail sales slowed in November, companies are anticipated to maintain high discount levels to attract buyers

Electric vehicle sales down 12% in November after festival-driven rush

In the e2W category, which accounts for more than 60 per cent of total EV sales, volumes fell 15 per cent to 118,944 units in November, compared to 139,787 units in the previous month

FAME-II violations: SFIO conducts search operations at 3 companies

Hero Electric, Benling India, Okinawa Autotech alleged to have wrongfully claimed Rs 297 cr subsidies

After festival inventory buildup, two-wheeler dispatches fall in November

Exports grow in strong double digits

JSW plans entry into EV market, to launch in-house electric vehicle brand

JSW had earlier announced a $1.5 billion joint venture with SAIC Motor, the Chinese automaker behind the MG brand, to produce and sell MG EVs in India

Blaze in Mercedes-Benz helps South Korea to reshape it's EV policy

Mercedes-Benz blaze was undoubtedly an unfortunate event, but it cast a much-needed spotlight on the issue and sparked calls for stricter regulations