Page 47 - Electric Vehicles

Ola Electric Q1 results: Loss widens to Rs 346 cr, revenue at Rs 1,644 cr

The company further announced plans to incorporate its own cell technology into its vehicles starting from Q1 of FY26

Ather's $450 mn IPO: The next big spark in India's electric revolution

The move to go for an IPO is well timed as it comes on the heels of a successful debut in the stock market by its start up rival Ola Electric just few days ago when it raised Rs 5500 crore

EV maker Euler Motors unveils Rs 100 cr mfg, R&D facility in Haryana

Electric commercial vehicle manufacturer Euler Motors on Tuesday unveiled its manufacturing and R&D facility at Palwal in Haryana, which has been set up with an investment of Rs 100 crore to cater to the rising demand. Spanning 5 lakh square feet, the plant has the capacity to produce 36,000 vehicles per annum and will serve as Euler Motors' national manufacturing hub, catering to the rising demand for its three-wheeler, the company said. Euler Motors said it plans to expand footprint to 40 cities by FY25 from 26 cities now. "Our new factory represents a significant leap in manufacturing commercial 3-wheeler EVs. This facility will enhance our production capacity, and help us deliver locally manufactured vehicles that meet the evolving needs of our customers and the industry," said Gaurav Kumar, head of supply chain and manufacturing at Euler Motors. The new plant has an automated assembly line connected via a proprietary manufacturing execution system (MES), which drives ...

Gentari joins hands with Amazon India to achieve target of 10K EVs by 2025

Amazon India on Monday said that it has formed a strategic partnership with electric mobility firm Gentari for its EV deployment programme as it targets a fleet of 10,000 electric vehicles for last-mile deliveries by 2025. Under the collaboration, Gentari Green Mobility Business will procure and deploy electric vehicles for the company in the next three years besides providing comprehensive fleet management services to the delivery service partners (DSPs) to ensure the seamless operation and upkeep of the EV fleet, Amazon India said. The partnership will provide Delivery Service Providers (DSPs) access to more electric three-wheelers for Amazon deliveries, it added. "We aim to empower our delivery service partners by providing them access to the right electric vehicles, end-to-end vehicle life cycle management services, as well as charging and parking facilities," said Abhinav Singh, VP (Operations) at Amazon India. The company deployed more than 7,200 EVs in India at the end of 20

Mercedes, BMW reveal names of EV battery makers amid fire fears in Korea

At a meeting Tuesday, the government said it planned to advise all EV makers to voluntarily disclose the names of battery suppliers

Kinetic Green secures $25 million investment from Greater Pacific Capital

The investment will be used to scale production at Kinetic Green's manufacturing facility in Supa, Maharashtra, and to enhance marketing, distribution, and R&D efforts

Uttar Pradesh backs hybrid tax waiver; win for Toyota, blow for Tata, M&M

LUCKNOW (Reuters) - India's most populous state Uttar Pradesh will not reverse a decision to waive registration taxes for hybrid cars, two sources said on Monday, handing a win to Toyota but dealing a blow to Tata Motors and Mahindra & Mahindra.

South Korea holds emergency meeting as EV fires raise consumer fear

Early this month, Kia Corp's electric crossover EV6 with South Korean battery maker SK On's batteries caught fire

Hero Electric resumes production, seeks up to Rs 200 crore to rev up output

Sources close to the firm indicate that Hero Electric has rejected claims from a segment of its 800 dealers, who allege that the company owes Rs 500 crore in advances for electric two-wheelers

M&M in talks with Kerala govt to set up electric vehicle manufacturing unit

Earlier in the day, M&M issued a clarification, calling the reports on its Gujarat plans untrue

How 2W market incumbents Bajaj and TVS are flexing their electric muscle

Bajaj and TVS appear to have picked up the gauntlet, taking on Ola in the sub-Rs 1 lakh e2W market - a segment they had kept away from and where Ola reigned supreme

South Korea to require EV makers to disclose battery brands after fire

Automakers in South Korea currently need to disclose certain information about vehicles, including size and fuel efficiency

Valuations factor in strong earnings growth, better margins for TVS Motor

The strong earnings growth and margin improvement are reflected in the current valuation of 44 times price to price-to-earnings ratio on FY25 earnings

Epsilon Advanced Materials seeks US trade pact for EV battery compliance

The IRA offers various incentives to accelerate EV adoption in the automotive industry. If signed, the agreement could position India as a key hub for global battery material exports

EVs, hybrid vehicles set to exceed China's 50% car sales for first time

Sales of electric vehicles and plug-in hybrids, which are counted under the category of new energy vehicles in China, rose to 879,000 units, making up 50.8 per cent of total sales

Tesla recalls 1.68 mn EVs in China to repair faulty latches free-of-cost

Tesla's recall notice says that an unlocked trunk lid could open during driving, interfering with the driver's vision

Tata Motors, Tata Power partner to boost EVs, solar power adoption

Two Tata Group companies will provide comprehensive solutions that include the purchase of an electric vehicle and the installation of a solar rooftop system

EV sales rose 55.2% to 179,000 units in July led by two-wheelers : FADA

Electric vehicle sales registered a 55.2 per cent on-year growth at 1,79,038 units in July driven by a massive 96 per cent jump in e-two-wheeler sales, automobile dealers' body FADA said on Tuesday. The total electric vehicles sales for July 2023 were at 1,16,221 units, according to the monthly sales data from Federation of Automobile Dealers' Association (FADA). The electric two-wheelers sales during the previous month stood at 1,07,016 units, up 95.94 per cent, from 54,616 units sold in July last year, while the electric three-wheeler sales grew 18.18 per cent at 63,667 units, from 58,873 units year earlier, as per FADA. The commercial vehicle sales during the reporting month was also on an upward trajectory, growing two-fold on a year-on-year basis to 816 units, from 364 commercial vehicles sold in July 2023, it stated. Passenger vehicles, however, declined 2.92 per cent at 7,541 units in July, as against 7,768 units in the same month of last year, as per data. "The rising mark

As EV subsidies transition from FAME to EMPS, how is the industry coping?

The industry witnessed a decline after the expiry of FAME-II, despite the introduction of EMPS

River Mobility plans to scale up ops; aims to open 100 stores by March

Bengaluru-headquartered electric vehicle startup River Mobility Pvt Ltd backed by marquee investors Yamaha Motor Corp, Mitsui & Company Ltd, aims to open 100 showrooms by March 2026, a top official said. The company under its expansion drive inaugurated its first store in Chennai and plans to open 15 more stores by November and 50 stores by March 2025 Chief Executive Officer, Co-Founder Aravind Mani said here. "We are very excited about the Chennai store. We have a lot of people from Tamil Nadu working in our facility (located outside Bengaluru). Chennai is a big EV market. The first store in Chennai is also the company owned operated store." Mani told PTI. Elaborating about the expansion plans, he said the company would open more retail showrooms in Chennai over the next one year and the second store in Tamil Nadu would come up in Coimbatore. "That is getting ready and Chennai will have at least four stores in the next one year." he said. Briefing about the company which ...