Page 42 - Electric Vehicles

LG Energy Solution plans to cut capex on slowing EV demand after Q4 loss

The company, which makes batteries for Tesla, General Motors and Volkswagen, reported an operating loss of 226 billion won ($158 million) for the October-December period

Ather Energy launches multi-language dashboard for Rizta electric scooter

The new feature will allow riders to view their scooter's information and interact with the dashboard

Used car market overtakes new car sales in India: CARS24's report

Maharashtra, Uttar Pradesh, and Delhi emerged as key drivers of the used-car boom, reflecting diverse regional demands

Maruti Suzuki to offer short-term petrol, hybrid leases for EV customers

MSIL currently has a subscription service that allows customers to lease its petrol-run and strong hybrid vehicles on a flexible, long-term basis without ownership commitments

Tata Motors bets on locally manufactured EV batteries as competition rises

Tata's EV market lead shrunk to 62 per cent in 2024 from 73 per cent a year ago as rival JSW MG Motor gained share with its new cars

Blue Energy to invest Rs 3,500 cr to set up Maharashtra electric truck unit

LNG-powered truck maker Blue Energy Motors on Wednesday said it plans to invest Rs 3,500-crore for setting up an electric trucks production plant in Maharashtra to fuel the state's green energy transition. Under the terms of an initial pact, announced at the World Economic Forum in Davos, Blue Energy Motors will establish a dedicated facility for advanced electric (EV) trucks that will house advanced R&D capabilities, battery-pack line, motor manufacturing unit and set up charging stations as well, the company said. The proposed projects are slated to commence in the next financial year, Blue Energy Motors said. This investment, according to the company, is expected to generate direct employment for over 4,000 people. "Our investment will not only reaffirm Maharashtra's position as a global hub for advanced clean mobility solutions but also will contribute to job creation and economic growth," said Anirudh Bhuwalka, CEO of Blue Energy Motors. The new inter-connected facility will

Here's why China's EV makers have a good reason to delay paying bills

The biggest producer of electric cars last year was a high accounting risk because of the unprecedented scale of financing from its supply chain, analyst Nigel Stevenson wrote

Budget 2025: e2W makers call for GST rate cuts, relook at PM E-DRIVE plan

Industry stakeholders have also highlighted the need for consistent policy support and investments in skill development to ensure the sector's long-term sustainability

Multiple launches prove EVs sole alternative for decarbonisation: Merc

About 99,165 electric cars were sold in India in 2024, recording 20 per cent year-on-year growth, according to FADA

Exicom TeleSystems sees a boost as major auto brands go for EV expansion

Electric vehicle charging solutions maker Exicom TeleSystems sees a boost to its business from the expansion in EV portfolios by major brands and uptake of the technology in overseas markets as well, a top official of the company said. While speaking at the Bharat Mobility International Expo, Exicom managing director Anant Nahata told PTI that the company is on expansion spree and expects its third EV charger manufacturing unit in Hyderabad to become operational within four months. He said that electric mobility has seen huge success in India, but in terms of cars, it is still between 3-4 per cent penetration. "As we have seen at the Bharat Mobility Show, all the big brands, whether it's Tata, Mahindra, Maruti Suzuki, or a host of foreign brands, have launched electric vehicles for India. We expect this penetration to rise much more rapidly in the next few years compared to the past. This growth creates significant opportunities for all the companies in the electric vehicle ecosyste

Citroen India extends standard warranty period on its ICE car models

The new standard warranty policy extends to the Citroen C3, C3 Aircross, Basalt, and C5 Aircross. The warranty on the e-C3 electric hatchback remains unchanged

Tata Motors teams up with Saraswat Bank to offer competitive interest rates

Tata Motors Passenger Vehicle division and Tata Passenger Electric Mobility have signed a MoU with Saraswat Bank to offer their models at competitive interest rates

India's auto sector at crossroads: Adapting to EVs and global competition

The auto-component sector must also be given time to evolve, through the creation of alternative ecosystems

TVS launches King EV MAX electric three-wheeler, targets pan-India rollout

Priced at Rs 2,95,000 (ex-showroom), TVS King EV MAX will be available at select dealerships in the initial phase

EV sales must reach 50% by 2030 to achieve net zero goal: Bhupender Yadav

He urged the auto industry to participate in the government's Green Credit programme to incentivize voluntary environmental actions

VinFast readies India drive for export hub, plans first stop in Tamil Nadu

Scouts for co-investors in charging firm V-Green in India

South Korean auto major Hyundai partners TVS to roll out e3Ws, micro 4Ws

Hyundai Motor is exploring the potential to offer design, engineering and technology, while TVS Motor will explore manufacturing and marketing of the vehicles

EVs on anvil, part of multi-tech approach to combat emission: Toyota

Japanese auto major Toyota will launch electric vehicles in India, as part of its multi-technology approach towards combating carbon emission in the country, which EVs alone cannot tackle, according to top officials of the company's Indian arm. The company feels that under the current circumstances, strong hybrid is the most practical solution supplemented by other technologies, including electric, flex fuel, electrified flex fuel, and plug-in hybrid in India, Toyota Kirloskar Motor & Lexus India, Deputy Managing Director - Sales-Service-Used Car, Tadashi Asazuma told PTI. "India itself is one of the most important country markets that we recognise. So in terms of the technologies, we are thinking of how to contribute to the Indian auto market, what will best suit India. "However, as of now, we think that the strong hybrid is a kind of practical answer to start with," he said here in an interview on the sidelines of the Auto Expo held as part of the Bharat Mobility Global Expo ...

Keen to have mfg in India, visa issue not affecting operations: BYD

China's electric vehicle major BYD is keen to have manufacturing operations in India as soon as 'all factors' suggest a 'go ahead' and the plan is under constant evaluation, according to a top official of the company's Indian arm. Despite the political tension between India and China resulting in visa issues, the company has not felt any impact of it on its operations in the country and has also found acceptance of its products from the 'pragmatic' Indian customers, BYD India Head of Electric Passenger Vehicles (EPV) Business Rajeev Chauhan told PTI. In an interaction on the sidelines of the Auto Expo held as part of the Bharat Mobility Global Expo 2025, he said the company, which unveiled its premium electric SUV SEALION 7, will be considering the homologation route for more models to be able to sell more vehicles in India. "These kinds of plans, manufacturing plans are constant evaluation which we are doing...We are keen, we would love to do that as soon as all factors suggest tha

BYD to keep focus on launching EVs in Rs 25-45 lakh range: India Head

Chinese EV manufacturer unveiled Sealion 7 for Indian market at Bharat Mobility Global Expo