Page 48 - Electric Vehicles

Electric vehicle startup Rivian's production chief Fallon joins Stellantis

Fallon's exit comes at a time for Rivian, which is expanding its only facility in Normal, Illinois to produce the smaller and less expensive R2 SUV that many analysts see as critical to its success

EMPS progress: Achieves 60% of revised target, supporting 334,260 vehicles

Government sources credit the turnaround to the onboarding of new players and the addition of more models by existing companies, which has driven increased disbursement

EU cuts planned import tariff on Tesla's China-made electric vehicles to 9%

Tesla had requested a recalculation of its rate to be based on the specific subsidies the company had received, according to the Commission

Can Ola's e-bike break ICE's dominance over India's motorcycle market?

Ola is offering its mobikes at a price more attractive than its scooters by taking advantage of the lower bill of materials cost for mobikes, which have fewer panels than scooters

I believe in creative destruction: Ola founder on new motorbike prices

Aggarwal said that people should already know how he is going to price the products and expressed confusion over why people are surprised

Ikea to electrify all deliveries in India by 2025, expand EV fleet by 40%

Currently, 88% of Ikea's deliveries in India are made using electric vehicles

Ikea pilots same-day delivery in Hyderabad, hits 100% EV delivery goal

As part of its sustainability strategy, Swedish furniture giant Ikea has committed to entering all new markets, including the Delhi-NCR region, with an EV-first approach

Ola Electric share price rise: Madness beyond fundamentals, say analysts

Ola Electric share price target: Since its listing on August 9, Ola Electric stock has surged 92 per cent (till August 19) over its issue price of Rs 76

Govt to impose stricter rules on electric construction vehicles from Oct 1

The Ministry of Road Transport and Highways (MoRTH) has proposed new stricter safety standards for electric powertrain construction equipment vehicles including dumpers and excavators from October 1, 2024. The ministry in a draft notification has proposed an amendment to the Central Motor Vehicles Rules, 1989 with an aim to push electric vehicles (EV) across various sectors. "On and after (1st October 2024), construction equipment vehicles fitted with electric power train shall meet requirements as specified in AIS-174, till the corresponding BIS specifications are notified under the Bureau of Indian Standard Act, 2016," the draft rule said. Electric and hybrid powertrain are being used in construction equipment vehicles. According to the notification, the objections or suggestions which may be received from any person in respect of the said draft rules before the expiry of the aforesaid period will be considered by the central government.

Ola Electric soars to $7 bn valuation on e-motorcycle launch, battery plan

The e-motorcycle launch is set to intensify competition in the world's second-largest two-wheeler market

Stringent safety norms for construction electric vehicles from October 1

The draft notification, published on August 14, proposes an amendment to the Central Motor Vehicles Rules, 1989

Electric mobility right step in right direction for country: M&M CEO

Mahindra & Mahindra on Thursday came out strongly in support of electric mobility terming it a right step in the right direction for the country. The Mumbai-based auto major noted that supporting electric mobility is in the best interest of the nation. "The right direction for the country is EV focus and we believe that is what the government should support," Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm director Rajesh Jejurikar told reporters here. He was responding to a query regarding the company's stand on the Uttar Pradesh government announcing registration waivers for hybrid vehicles. The Uttar Pradesh government has come out with a full road tax waiver on the purchase of a hybrid car in the state. The move has been opposed by various automakers investing in electric mobility fearing other states could also follow the suit. "We are at a stage where we believe that the EV roadmap can be very strong with the right product and that's in the ...

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