Page 65 - Electric Vehicles

EV startup Vidyut raises $10 million, aims to expand to 40 cities

Vidyut to deploy new funds to scale its new offerings include EV insurance, lifecycle management, and EV resale

Zoomcar, SPARKCARS to develop EV self-drive, aim to add 1,000 cars in 2 yrs

Car sharing marketplace Zoomcar on Tuesday said it has partnered with electric vehicles self-drive rental firm SPARKCARS with a plan to introduce over 1,000 EVs on its platform across India within the next two years. The partnership will help increase the supply of EV cars available for self-drive to meet the growing needs of convenient and independent travel, the company said in a statement. "Zoomcar and SPARKCARS will introduce over 1,000 electric vehicles to Zoomcar's platform across India within the next two years. These additions will include popular models such as the TATA Nexon, Mahindra XUV 400, Citroen eC3, and many others, offering users a diverse array of eco-friendly options for their mobility needs," it said. Zoomcar CEO and Co-Founder Greg Moran said the partnership follows the direction of the government's growing focus on boosting the EV ecosystem. "We are not just adding EVs to our platform; we are empowering our guests with a variety of sustainable choices and ...

JSW Group, Volkswagen in talks for electric vehicle joint venture in India

This proposed project with Volkswagen would be distinct from the joint venture already underway with SAIC Motor Corp, wherein JSW Group holds a 35% stake

40% consumers want EV range to be above 400 kms per charge: Deloitte survey

The preference for an internal combustion engine-run vehicle fell to 49 per cent in 2024 from 53 per cent in 2023. In India, the survey polled 1,000 consumers

US to soften tailpipe rules, slow electric vehicle transition through 2030

The Environmental Protection Agency in April 2023 proposed requiring a 56% reduction in new vehicle emissions by 2032

Is 2024 the year when electric cars finally come to the automotive party?

Most of the big carmakers are eligible for PLI. It will help them reduce their costs. Carmakers also see India as a potential hub for electric car exports

Rs 10 trn projects in UP: Urgent need to make farmers market-ready, says PM

His remarks are particularly significant given the ongoing protests by Punjab farmers, who are demanding a law guaranteeing the minimum support price (MSP) mechanism

Pure EV raises $8 mn from consortium of investors in latest funding round

Electric two-wheeler firm Pure EV on Monday said it has raised USD 8 million (around Rs 66 crore) from a consortium of investors. The funding was led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Pvt Ltd, existing investors and high net-worth individuals, Pure EV said in a statement. The Hyderabad-based company said it is currently in the final stage of concluding its Series A1 funding round, amounting to USD 25 million with the participation of a foreign institutional investor. Concurrently, ongoing discussions are taking place with potential investors from Dubai, Hong Kong, and Singapore for Series A2 funding, targeting an infusion of USD 15 million, it added. "We will be rapidly expanding our pan-India sales network from 140 to 300 dealers in the next six months," Pure EV Co-Founder & CEO Rohit Vadera stated. The company sells a range of electric motorcycles and scooters and has already sold over 70,000 units.

It is not about EV vs hybrid but reducing emission: Maruti's RC Bhargava

Maruti Suzuki chairman said electrification may not lead to reduced carbon emission

Mahindra partners with Volkswagen to get electric components, battery cells

BERLIN (Reuters) -Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker's open platform for electric vehicles (EVs), the companies said in a statement on Friday.

Ola Electric slashes prices of three S1 models by up to Rs 25,000

Besides Ola Electric, several EV players such as Ather, Okaya, and Bajaj have slashed the prices of their products to make electric vehicles more affordable and accelerate their adoption in India

BYD to launch Seal EV Sedan in India on March 5, check full update here

Tesla's rival, BYD, is launching its third model Seal EV Sedan in India on March 5, 2024. The Seal EV dimensions are 4,800 mm in length, 1,875 mm in width and 1,460 mm in height

Battery capacity lowered due to electric vehicle target scale-down

The government has earmarked Rs 250 crore for incentives under the PLI scheme for batteries in FY24-FY25

Ather hiring investment banks for IPO this year, eyes raising Rs 3,300 cr

Ather competes with players such as Ola Electric, Bajaj, Ampere, Hero MotoCorp, and TVS Motor Company. It has been making efforts to achieve profitability as it prepares for the IPO

Tata group considering spinoff of battery business Agratas Energy Storage

A listing may value Agratas at $5 billion to $10 billion depending on its growth and market sentiment, they said. A representative for Tata declined to comment

Billionaire Birla's Hindalco Industries bids for critical minerals leases

India currently needs to import most critical minerals, and access to local mines is important for the growth of the electric vehicles market and the renewable-power sector.

Tata cuts EV prices by up to Rs 1.2 L to pass on battery price reduction

Indian automaker Tata Motors' electric vehicle (EV) unit on Tuesday said it reduced prices of its cars by up to 1,20,000 rupees ($1,445.54) to pass on battery price reduction benefits to its customers

Explained: How China built electric vehicle company BYD, its Tesla killer

The leading Chinese EV company has posted two years of million-car growth in sales

Jindal-owned JSW plans to produce EVs in Rs 40,000 cr investment push

Sajjan Jindal keen to produce Made in India electric car/CVs

No supply chain concerns, 40% biz expected from domestic market: GFL CEO

GFL discusses the company's plans to deploy their existing backend supply chain of flourspar and its Moroccan mines with new age technology to develop modern battery solutions