Page 55 - Electric Vehicles

Electric 3-wheeler sales rise 23% in May; industry awaits FAME 3: FADA

May 2024 has witnessed a slight recovery in E3W sales after the sector saw major decline following the end of the FAME 2 scheme in March

Electric vehicle owners can soon sell surplus battery power back to grids

The vehicle-to-grid (V2G) technology, similar to rooftop solar schemes, allows EV owners to sell the electricity stored in their vehicles to the grid

Charged-up: Bengaluru takes top spot in electric car registrations

Bengaluru is enthusiastically embracing not just electric cars, but electric two-wheelers also

Citroen inks MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs

French carmaker Citroen on Monday said it will supply 2,000 units of its electric vehicle e-C3 to urban e-mobility player CAB-EEZ Infra Tech Pvt Ltd over the year. The two companies have signed a Memorandum of Understanding (MoU), under which the first 100 units of e-C3 were flagged off, Citroen India said in a statement. This further augments 200 e-C3 units already part of the Cab-E fleet taking the total to over 300 units operating across Mumbai and Pune, it added. "Cab-E has been one of the early adopters of the e-C3. Their continued choice of this product is a validation of Citroen's proposition as a key player in promoting sustainable transportation solutions," Citroen India Brand Director, Shishir Mishra said. Cab-E Director & CEO Kuldip Ghosh said, "This partnership not only benefits stakeholders but also propels Cab-E to a leadership position in the electric urban mobility market." Citroen e-C3 offers a range of 320 kilometre (ARAI-certified) per single charge and can ...

NDA's third term to intensify commitment to green mobility initiatives

Under Modi's first government, electric vehicles (EVs) were propelled into the mainstream through FAME

Norway sovereign fund opposes Elon Musk's $56 bn Tesla pay package

The vote at next week's AGM will be the second time Musk's pay package has been put before shareholders. A judge voided an initial vote that approved the package in 2018

Looking forward to 'exciting work' in India, says Musk; congratulates Modi

American tech billionaire Elon Musk on Friday said he is looking forward to his companies doing "exciting work" in India as he congratulated Prime Minister Narendra Modi on his historic election victory. Modi will be administered the oath of office on June 9, his third consecutive term as Prime Minister. Congratulations @narendramodi on your victory in the world's largest democratic elections! Looking forward to my companies doing exciting work in India, Musk said in a post on X. The congratulatory message came two months after the CEO of the electric carmaker Tesla and microblogging platform X in April postponed his proposed visit to India due to "very heavy Tesla obligations". Musk -- who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Modi -- later wrote on X that he is looking forward to coming to India later this year. In June last year, Musk met with Modi during the latter's US visit and stated that he planned to visit India in 2024 while

TVS Motor recalls select units of iQube electric two-wheeler for inspection

TVS Motor Company on Friday said it is recalling a select set of iQube electric two-wheeler units for a "proactive inspection". The company will inspect the bridge tube of units that were manufactured between July 10, 2023 and September 9, 2023 to ensure that the vehicle's ride handling is good over extended usage, it said in a statement. The company will also carry out any rectification, if required, on affected scooters at zero cost to the customer, it added. The company or its dealer partners will individually contact customers, TVS Motor said.

Wardwizard bags $1.29 bn electric vehicle order from Philippines company

This collaboration aligns with the Philippines government's PUVMP, which seeks to replace outdated gasoline and diesel vehicles with cleaner electric alternatives

Tata-owned British icon JLR is out for hunt with models assembled in India

India will supplement Range Rover's global production at its iconic manufacturing base in Solihull, which will also produce Range Rover's upcoming fully electric model

IIT-Jodhpur develops special adaptor to charge EVs using solar panels

IIT-Jodhpur has developed a special adaptor that will allow users to charge their electric vehicles using solar power. Prime Minister Narendra Modi in February said his government was aiming to create a system in which people can recharge their electric vehicles from the power they generate from rooftop solar systems. The adaptor, likely to be priced below Rs 1,000, could prove to be very effective if the solar panel initiative is a success, Nishant Kumar, Assistant Professor at the Electrical Engineering Department at IIT Jodhpur said. People are increasingly looking towards buying EVs and currently, the government is also providing subsidies for them, Kumar said. "On one side, our charging adaptor will be connected to the solar panel and on the other, to the charger provided by the company. It includes two points that will supply power according to the requirement," Kumar said. Currently, extracting maximum power from a solar panel without a power converter is challenging and a

Tripura to set up EV charging stations in Agartala, says power minister

A proposal seeking necessary funds has been placed before the Bureau of Energy Efficiency (BEE)

Electric vehicle portfolio to drive auto component maker Uno Minda growth

The management highlighted that the partnership will significantly expand Uno Minda's e-4W product portfolio, enabling it to effectively cater to the growing Indian EV market

Hero MotoCorp to acquire additional 2.2% stake in Ather for Rs 124 cr

Hero MotoCorp on Thursday said it will acquire an additional 2.2 per cent stake in Ather Energy for Rs 124 crore. Investment is being made in the form of purchase of additional shares from an existing shareholder of Ather Energy for acquisition of up to 2.2 per cent, Hero MotoCorp said in a regulatory filing. The acquisition entails an investment of up to Rs 124 crore and is expected to be completed by July 31, 2024, it added. Hero MotoCorp currently holds a 39.7 per cent stake in Ather Energy. Bengaluru-based Ather Energy is engaged in designing, manufacturing, producing, selling, servicing, software development, and software management, in relation to electric automobiles and charging infrastructure. The company is also engaged in storage, distribution, and management systems of electric power (including energy in the form of batteries) and other ancillary services. Ather Energy posted Rs 1,753.8 crore revenue in FY24.

India unveils $500 bn investment opportunities in clean energy by 2030

India offers huge investment opportunities worth over USD 500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said on Thursday. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum. The meeting, which started on Wednesday, brought together the region's top investors, clean economy companies, and start-ups to mobilise investments into sustainable infrastructure, climate technology, and renewable energy projects. The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the

Environmental and financial benefits drive EV adoption in India: Study

According to a new study by leading insurer ICICI Lombard General Insurance, environmental benefits and reduced fuel costs are the top reasons for switching to EVs

Murugappa Group's EV arm to raise Rs 310 crore from M&G Investments

It planned to raise capital to the tune of Rs 3,000 crore to fund its multiple verticals of electric vehicles

61% of EV owners find battery charging time as primary concern: survey

Environmental benefit / reduced emissions and reduced fuel cost are the top 2 reasons that made people switch from fuel to electric vehicle

A New Horizon: Expanding Footprints in the Electric Vehicle Market

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Battery Smart collaborates with Zepto for greener last-mile deliveries

Electric two-and three-wheeler battery swapping network operator Battery Smart said on Monday that it has entered into a partnership with e-grocery and quick commerce service platform Zepto as part of which it will provide delivery partners access to over 1,000 battery-swapping facilities. The tie-up will enable Zepto's two-minute battery swaps across more than 30 cities, besides helping it deploy 10,000 new electric vehicles (EVs) to its fleet in FY25, Battery Smart said. "We have partnered with Zepto to enable greener last-mile deliveries and empower more delivery partners to join the adoption of electric mobility. Zepto's growth over the past year has been remarkable, and now, with access to our growing network of swap stations, we look forward to seeing it scale even further by deploying more EVs to its fleet," said Yogiraj Gogia, Senior Director of Partnerships and fleet business, Battery Smart. Through this partnership, Battery Smart and Zepto will facilitate a seamless ...