Page 50 - Electric Vehicles

Tata Motors, MG offer free charging, battery rentals to lure EV buyers

The price cuts and other offers were a 'step towards mainstreaming EVs and accelerating EV adoption'

Vedanta plans to expand nickel sulphate production, to tap overseas demand

Unlike Japan and South Korea, India's electric vehicle market is still in its nascent stage

China asks its carmakers to keep advanced EV technology within country

The instructions come as companies from BYD Co. to Chery Automobile Co. firm up plans to build factories in Spain to Thailand and Hungary as their innovative EVs make inroads in foreign markets

26-yr-old arrested after setting Ola Electric's showroom ablaze in K'taka

The incident comes amid growing public ire over servicing at Ola Electric, India's no.1 e-scooter maker

Cabinet meet: Widened net for Ayushman Bharat, renewed EV subsidy, more

Cabinet clears Rs 5 lakh health cover under Ayushman Bharat for those 70 years and above

EV promotion schemes great for making green transportation accessible: Siam

Auto industry body SIAM on Wednesday welcomed the government's decision to approve two schemes with a total outlay of Rs 14,335 crore to promote electric vehicles, saying the forward thinking initiative will make clean and green transportation more accessible to all. The Union Cabinet on Wednesday approved two schemes -- PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. Reacting to the announcement, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra termed the move as "progressive step that underscores the firm commitment towards promoting sustainable mobility". He further said, "It will undoubtedly help accelerate the adoption of electric vehicles (EVs) across the country, making clean and green transportation more accessible to all." This forward-thinking initiative reflec

Beyond the road: The rising cybersecurity challenge for electric vehicles

While these companies are taking steps to enhance cybersecurity, the growing complexity of E2Ws and the evolving threat landscape make it challenging to guarantee complete immunity from attacks

Delhi govt plans proposal for transitioning Gramin Seva autos to EVs

The Delhi government is planning to inject a new lease of life into the Gramin Seva autos by issuing guidelines to ensure their transition to electric vehicles, officials said. Launched in 2010, the Gramin Seva is a para-transit scheme wherein high capacity three-wheelers with a seating capacity of six passengers were given permits to ply in the rural areas, unauthorised, resettlement colonies and the JJ clusters of Delhi. "These vehicles are an important means of last-mile connectivity in rural areas. We have received representations from their union requesting us to issue guidelines for ensuring their transition into electric vehicles. The union has held meetings with the Transport Department officials and urged them to take steps to inject a new life into the services," said an official. According to the officials, there were around 6,000 registered Gramin Seva autos. However, many of them have gone off roads with the passage of time. At present, there are around 2,000 to 3,000 .

Govt approves Rs 10,900 cr PM E-DRIVE scheme to push electric mobility

The Union Cabinet on Wednesday approved the PM E-Drive Scheme with an outlay of Rs 10,900 crore for two years to boost adoption of electric vehicles in India, replacing the flagship FAME programme that ran for nine years till March. The decision on PM Electric Drive Revolution In Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was taken at the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi, Information and Broadcasting Minister Ashwini Vaishnaw told reporters here. The scheme will support 24.79 lakh electric two-wheelers, 3.16 lakh e-three wheelers, and 14,028 e-buses. The PM E-DRIVE will also support 88,500 charging sites, Vaishnaw said. The new scheme offers subsidies/demand incentives worth Rs 3,679 crore to incentivise adoption of electric two-wheelers, electric three-wheelers, e-ambulances, e-trucks and other emerging elecric vehicles (EVs). A sum of Rs 4,391 crore has also been provided for procurement of 14,028 e-buses by state transport undertaking

Mail meets mileage: India Post stamps out range anxiety, enters EV charging

Ties up with ThunderPlus to deliver EV charging to Sainikpuri PO in Hyderabad and beyond

JSW MG to move away from conventional vehicles, focus on NEVs: MD Jindal

JSW MG Motor India intends to move away from conventional internal combustion engine vehicles as it focuses on new energy vehicles for the future, company Director Parth Jindal said on Wednesday. The company, which on Wednesday launched its electric crossover utility vehicle 'MG Windsor' -- the first launch after JSW Group invested in MG Motor India -- has set a target to introduce a new car every four to six months and is eyeing over 50 per cent of its total sales to come from electric vehicles in 2024. "We want to bank on the new energy vehicles (NEVs). So, whether that is strong hybrid, plug-in hybrid, or battery electric vehicles, these will be the cornerstone of MG going forward," Jindal said in an interaction with reporters on the sidelines of the launch. He further said, "The traditional ICE (internal combustion engine), as we call it, without even a mild hybrid option, is something that we want to do away with. We are not very keen on bringing that into the country." Howeve

Cabinet likely to approve new scheme for promoting electric vehicles

Scheme outlay expected to be Rs 10,900 cr, new name to be coined in place of 'FAME'

Thailand's EV makers seek to renegotiate incentives as sales slow down

The scheme helped lure investment of more than $1.44 billion in new production facilities from Chinese EV car makers, such as BYD Motors and Great Wall Motor, making

Govt prioritising charging infra for e-mobility growth: HD Kumaraswamy

Kumaraswamy urged the industry to collaborate and put forth dedicated efforts to help India achieve its sustainability goals while staying on track for growth

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