Page 45 - Electric Vehicles

Honda Motorcycle and Scooter to launch its first EV by March: Yogesh Mathur

In the last 12-18 months, India's old major two-wheeler makers such as TVS Motor, Bajaj Auto, and Hero MotoCorp have solidified their positions in the electric scooter market

HMSI to enter EV space in FY25; eyes 33% sales from segment by 2030

Honda Motorcycle & Scooter India is looking to enter the electric vehicle segment this fiscal and eyes one-third of its overall sales to accrue from the segment by 2030. Speaking to reporters on the sidelines of 64th SIAM annual session here, HMSI Director (Sales and Marketing) Yogesh Mathur said the company will be entering the EV segment this fiscal. He noted that the contribution of electric two-wheelers in overall two-wheeler sales was continuing to grow. "And what we understand is that by 2030 there will be a major shift towards EVs and we have announced that by 2030 in our lineup also..one-third at least will be coming only from EV models," Mathur said. The EV model is being developed jointly by HMSI and Honda teams, he added. On capacity utilisation at its plants, Mathur said the company's plants were currently running at full capacity. The company will be tweaking the production capacity further in terms of per day basis, he said. HMSI has an installed production capacit

Tata Motors reduces prices of its EV model range by up to Rs 3 lakh

Tata Motors on Tuesday said it has reduced prices of its electric vehicle model range by up to Rs 3 lakh. The Mumbai-based automaker said it has reduced the price of Nexon EV by up to Rs 3 lakh, Punch EV by 1.2 lakh, and Tiago EV by Rs 40,000. "With these special, limited period prices, we are breaking the high acquisition cost barrier for EVs, and bringing EV prices closer to similar petrol and/or diesel-powered vehicles," Tata Passenger Electric Mobility Chief Commercial Officer Vivek Srivatsa said. The company's singular purpose is to mainstream EVs, by breaking barriers and making EVs more accessible to regular car buyers, he added. Tata Motors has already announced a price cut ranging between Rs 65,000 and Rs 1.8 lakh on its internal combustion engine powerd range which includes models like Tiago, Nexon, Harrier and Safari.

Chinese EV maker BYD aims to sell 4 mn vehicles this year: Report

BYD attributed the extra sales growth to this year's introduction of new models with its latest plug-in hybrid technology known as DM-i 5.0, which would also contribute a better margin

Maruti Suzuki looks to establish holistic ecosystem for EV buyers

The country's largest carmaker Maruti Suzuki India is looking to establish a holistic ecosystem for electric vehicle buyers as it gears up to introduce its first battery-powered model early next year. The company will look at setting up charging infrastructure for EVs and also other critical elements like having resale avenues for such models. "We are not only going to launch the product, we are going to basically provide a complete ecosystem for the customers who are going to be part of the electric vehicle family," Maruti Suzuki India (MSI) Senior Executive Officer (Marketing & Sales) Partho Banerjee told reporters on the sidelines of the 64th SIAM annual session here. He noted that the biggest concern for EV users is regarding the range. "Secondly, it is the EV infrastructure and thirdly it is about the residual value of the vehicle after five years," Banerjee said. He stated that the company's first EV model, a mid-sized SUV, would be unveiled at the Bharat Mobility show in ..

South Korea antitrust regulator probes Mercedes-Benz unit after EV fire

The investigation came after a fire involving a Mercedes-Benz electric vehicle broke out in the city of Incheon on August 1

EMPS to continue till FAME-III launch, says MHI Minister Kumaraswamy

Last week, Kumaraswamy indicated that FAME-III would be launched within the next two months

I am not against incentives on EVs, but its not my call: Nitin Gadkari

Within two years, the cost of an EV will be the same as petrol and diesel vehicles. They don't need subsidies as there already is an advantage with electric as a fuel, he says

Tata Power has set up 50,000 home chargers for EVs since April 2023

Tata Power said on Monday it has set up 50,000 home chargers for electric vehicles pan-India besides over 500 charging points for electric buses across metropolitan cities in the country since April last year, strengthening electric vehicle charging infra in the country and helping faster adoption of e-mobility. Overall, since 2018, a total of one lakh EV chargers have been set up at different locations across the country along with over 1,100 chargers for electric buses in the last five years, it said. These one-lakh chargers are present across remote corners of the country and are enabling e-mobility adoption through a seamless and reliable charging experience for its customers at the convenience of their homes. Tata Power's focus on strengthening EV charging infrastructure in the country through public, semi-public, and home chargers underscores its commitment to environmental responsibility, propelling India's transition to a cleaner transportation future, it stated. The compan

Honda Power Pack Energy, Bhago Mobility partner for green fleet services

Honda Power Company on Monday said its subsidiary Honda Power Pack Energy has partnered with sustainable transportation solution provider Bhago Mobility to offer green fleet management services for last-mile delivery in the electric vehicle segment. Under the collaboration, Bhago Mobility will deploy Honda e: Swap-powered electric vehicles at strategic locations in Bangalore and Delhi, benefiting the e-commerce fleets as well as vehicles engaged in passenger mobility, the company said. Bhago Mobility will launch 100 vehicles within the next few months of 2024 and aims to reach 10,000 vehicles in the next three years, it said. Honda Power Pack said that Bhago Mobility's dedicated hubs will provide electric cargo vehicles round the clock. These vehicles with swappable battery packs will be stationed within a 10-km radius of every metro station, it said. Bhago Mobility's electric cargo vehicles powered by Honda e:Swap's technology offer quick battery swaps resulting in higher levels o

Mahindra & Mahindra unveils commercial electric four-wheeler 'e-ZEO'

Mahindra & Mahindra announced that it would invest Rs 12,000 crore over the next three years, into its EV unit Mahindra Electric Automobile

Despite rise in exports, Chinese car sales fall for fifth straight month

Sales fell 1.1 per cent from the same month a year earlier to 1.92 million vehicles, data from the China Passenger Car Association showed

EVs can maintain cost without subsidies but won't oppose incentive: Gadkari

With falling lithium-ion battery prices, electric vehicles can now maintain cost without subsidies but it is for the finance and heavy industries ministries to decide if incentives need to be given to electric vehicles, Union Minister Nitin Gadkari said on Monday. Speaking at the annual session of Automotive Components Manufacturers Association (ACMA), Gadkari, the Minister for Road Transport and Highways, said within two years, the cost of EVs will be the same with their petrol and diesel counterparts. "First of all, I am not against any subsidies. I don't have any problem," Gadkari said when asked if more incentives were needed to accelerate electric mobility as adoption in India has not been as expected. Elaborating his views, he said at one point the price of the lithium ion battery was USD 150 per kilowatt hour. Now it is something USD 108 to 110 per kilowatt hour. "I am confident it will come to USD 100," he asserted. Moreover, he said the manufacturing of EVs has witnessed

Japan's Panasonic energy unit finalises prep for 4680 EV battery production

The bigger 4680 cells will allow automakers to extend the driving range of electric vehicles and use fewer cells to achieve the same battery pack capacity, Panasonic Energy said in a statement

Losing spark: Delhi's electric vehicle adoption to hit speed bump

The removal of road tax waiver in the city estimated to make such vehicles about 10% costlier for its residents

FAME-III likely to see vehicles sporting government subsidy branding

Move aims to highlight Centre's electric mobility schemes and ensure greater transparency

EV maker Wardwizard Innovations to form joint venture in Saudi Arabia

The EV cell plant will be dedicated to manufacturing electric vehicle cells. The company did not disclose the cost associated with entering into the joint venture

GTRI flags concern against India of becoming 'EV colony' for China

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. India faces unique challenges not faced by other countries in adopting EVs (electric vehicles) at large scale, it added. These challenges include 80 per cent of electricity generated from fossil fuels like coal, frequent power cuts, and dependency on imports for making EVs in the country like batteries and critical minerals, the Global Trade Research Initiative (GTRI) said. "Considering these challenges, instead of rushing into the fray with heavy incentives or falling into dependence on Chinese imports, India has the opportunity to let its EV sector evolve naturally. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global EV landscape," it added. It also said the global EV market is undergoi

Reliance Infra plans to manufacture electric cars, taps ex-BYD executive

It is also looking at the feasibility of building a battery plant starting with 10 gigawatt hours (GWh) of capacity and scaling up to 75 GWh over a decade, the person added

Japan's Toyota Motor slashes 2026 global EV output plans by a third

Earlier this week, Swedish automaker Volvo Cars scrapped its target of going all electric by 2030, saying it expects to still be offering some hybrid models in its lineup at that time