Page 49 - Electric Vehicles

As Volkswagen struggles in China. Can EVs help it grow in US market?

By 2030, Volkswagen plans more than 30 new electric or hybrid models in China and hopes to boost sales to about 4 million, from about 3 million today, lifting its market share to 15 per cent

Hero MotoCorp plans to roll out affordable two-wheeler EVs in FY25

Eyeing leadership in the electric two-wheeler segment, Hero MotoCorp is looking to roll out affordable models in the current fiscal, according to CEO Niranjan Gupta. The country's largest two-wheeler maker is also hopeful of the debut of its electric range in the international markets. Addressing shareholders in the company's Annual Report for 2023-24, Gupta said the two-wheeler major has a roadmap to scale its electric vehicle business rapidly. "We want to build leadership in EV, and in order to do that, we will be creating a very powerful EV product portfolio, augmenting the VIDA V1 Pro that we have today," he noted. The company will be launching products in the mid-and affordable segments this fiscal, Gupta said. Hero MotoCorp's VIDA electric scooter range is priced between Rs 1-1.5 lakh, including state subsidies. Hero MotoCorp Executive Chairman Pawan Munjal said together with Ather Energy, VIDA has established India's largest public-charging infrastructure for two-wheeler .

Trump pledges action to end electric vehicle 'mandate' on day one in office

Trump has made no secret his disdain for electric vehicles, claiming they don't work and will benefit China and Mexico

Volvo's Q2 EBIT beats estimates, but cuts full-year forecast citing tariffs

Volvo Cars produced 211,900 cars in the second quarter, more than they sold, as demand for electric cars in Europe has dropped.

Renault's first-half sales rises on strong demand for hybrids in Europe

The company sold 1,154,700 vehicles globally compared to 1,133,478 units last year, with almost three-quarters of that volume going to Europe

New car sales in EU increase by 4.3% in June, says industry body Acea

Top European carmakers are betting on car sales to pick up over the year, despite cooling electric vehicle (EV) demand after several years of strong growth

Chinese EV giant BYD sets sights on aggressive expansion in Vietnam

Vietnam's government said last year BYD had decided to build a factory to manufacture electric cars in the north of the country but those plans have slowed

DMRC to add over 1,100 e-autos to its fleet to boost last-mile connectivity

The Delhi Metro Rail Corporation will be adding more than 1,100 e-autos to its existing fleet of electric three-wheelers to further boost last-mile connectivity, an official said on Wednesday. Of the 2,299 e-auto permits -- 1,636 general and 663 women -- allotted to the DMRC by the Transport Department, 1,183 e-autos -- 857 general and 326 women -- have been registered. These e-autos are operating from around 40 DMRC stations that are equipped with charging points and dedicated parking spaces, officials said. "Another 1,116 -- 779 general and 337 women -- e-autos are expected to be registered by the end of August," the DMRC official said. The DMRC has allotted these e-auto permits to its authorised operators at metro stations located in Chhatarpur, Dwarka, Rohini and northwest Delhi. DMRC Managing Director Vikas Kumar told PTI that ensuring last-mile connectivity for commuters is a key issue for the Delhi Metro. The Delhi government recently launched a bus service to enhance last

Refex Green Mobility signs pact with Citroen to procure 500 e-C3 EVs

French automaker Citroen has signed a memorandum of understanding with Refex Green Mobility Ltd, a subsidiary of diversified conglomerate the Refex Group, towards the procurement of 500 Citroen e-C3 electric vehicles. The largest order for Refex Green Mobility Ltd in South India signifies a major advancement in its collaboration with Citroen. "Our partnership with Refex underscores Citroen's commitment to our customers, the reliability of our products and a strong sustainable operation. The Citroen e-C3, with its efficient battery pack, advanced e-powertrain and comprehensive suite of connectivity features, continues to be the preferred choice for businesses transitioning to green mobility," said Citroen India Brand Director Shishir Mishra. "Refex eVeelz (Refex Group's Green mobility vertical) has demonstrated strong growth in the sustainable mobility space and we continue to expect great impact from the company as it expands operations across India," Mishra said. The Citroen e-C3

Ola Electric likely to drive in IPO at a lower valuation of $4.5 billion

EV maker last raised funds at $5.5 bn value

Auto industry needs 200K skilled people by 2030 to meet 30% EV target

Indian automotive industry will need up to 2 lakh skilled people by 2030 to meet the government's vision of 30 per cent electric vehicle adoption, the Society of Indian Automobile Manufacturers said on Tuesday. A total talent investment of Rs 13,552 crore is expected for hiring and training the workforce. "As we look ahead, one of the major constraints the auto industry will face is the dearth of skilled electric vehicle capable manpower," Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said while addressing a workshop on empowering EV-ready workforce in the Indian auto industry. Aggarwal, who is also MD & CEO, Volvo Eicher Commercial Vehicle Ltd, pointed out the need for specialised domain skills in the areas of battery technology, powered electronics and motor design. "To keep the pace of global trends and make our auto industry a globally competitive industry, there is an urgent need that our workforce be equipped with new skills by upskilling, ...

EV ride-hailing service provider BluSmart raises $24 million in funding

BluSmart has raised $109 million across its seed and Series A rounds to date

Affordable models take Bajaj, TVS closer to Ola Electric in e2W market

In July, their combined share surges past Ola's

Are Americans ready for the US-China trade war?

Despite what many in the US may think, economic decoupling is not a viable option

Global electric vehicle sales up 13% in June, decline 7% in Europe

China accounted for over 60 per cent of the total, as rising availability of electric vehicles and strong sales by BYD contributed to an increase

Vidyut launches offline pre-owned EV sales and financing platform

The company also plans to launch an online marketplace in the next six months to reach a wider audience

Biden administration to award $1.1 bn to Stellantis, GM for EV production

Donald Trump has harshly criticised Biden's EV policies and vowed to reverse them if he takes office

Only 19 of 137 Chinese EV brands to be profitable by decade's end

While the average sale price of cars in China fell 13.4% in the past year, the average margin of automakers rose to 7.8% in 2023 from 6.3% the previous year

EMPS 2024: OEMs can claim incentives twice a month, Aadhaar mandatory

EMPS, which replaced FAME, struggles to take off, just 3.6% target met

Xiaomi to showcase its first electric car SU7 EV on June 9 in India

Chinese technology company Xiaomi might not proceed with launching SU7 EV in the Indian market just yet, reports suggest. It aims to gauge the interest of Indian consumers in its electric cars