Page 65 - Electric Vehicles

Electric two-wheeler companies to bear the brunt of paused FAME sops

Companies likely to lose Rs 20k per vehicle if they are not registered on time and subsidy not granted

Tata Motors unit, HPCL partner to install 5,000 EV charging stations

Tata Passenger Electric Mobility on Wednesday said it has tied up with Hindustan Petroleum Corporation Ltd to set up 5,000 public charging stations across the country by the end of the year. The collaboration will leverage Hindustan Petroleum Corporation Ltd (HPCL's) fuel station network and company's insights from over 1.2 lakh Tata EVs on Indian roads, to set up chargers at locations frequently visited by Tata EV owners, Tata Passenger Electric Mobility (TPEM), a unit of Tata Motors, said in a statement. Both entities have inked an Mou in this regard, it added. The companies are also exploring the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free. HPCL has a nationwide network of over 21,500 fuel stations and aims to install 5,000 electric vehicle charging stations by December 2024. "This strategic partnership with HPCL emphasises our dedication to advancing India's EV ecosystem in which the growth of

Nissan will invest in Renault EV unit even though IPO scrapped: CEO

"Therefore, regardless of the IPO whatsoever, we are looking at Ampere. We are already discussing about Ampere, our investment."

China set to challenge US electric vehicle plans at WTO, says report

China said it was contesting 'discriminatory subsidies' under the US Inflation Reduction Act that it said resulted in the exclusion of goods from China and other WTO countries

Slippery road: India's clean energy drive faces a tricky patch of taxation

The elephant in the room is Rs 7.5 trillion a year in revenues to the exchequer

New electric vehicle scheme links lower import duty with FDI

EVs attract a BCD of 100 per cent for those priced above $40,000 per unit and 70 per cent BCD for those priced at $40,000 or less

India's push for EVs may lead to entry of Chinese firms in mkt: GTRI

The Indian government's push to boost domestic manufacturing of electric vehicles (EVs) may lead to large-scale entry of Chinese auto firms in the local market, a report by think tank GTRI said on Sunday. China's automotive industry, buoyed by substantial state support, has grown rapidly in electric vehicle technology, making it a leading exporter of EVs and related components, the Global Trade Research Initiative (GTRI) said. The renewed policy push to make India a hub for e-vehicle manufacturing and efforts of the private sector will lead to a sharp increase in dependence on auto component imports from China, the report said. India's auto component imports were USD 20.3 billion in 2022-23 of which 30 per cent came from China. As the EVs are getting greater focus in the country, the auto component imports from China may increase further because it has a greater hold over the EV components' global supply chain. According to estimates, China has 75 per cent of the world's battery .

Uno Minda partners with Starcharge Energy to manufacture, sell EV chargers

Auto components maker Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. "This collaboration further strengthens our dedication to 'Make in India' and for accelerating the nation's transition to a sustainable and electrified future," Uno Minda Group CMD Nirmal K Minda said in a statement. StarCharge, a global leader in electric vehicle charging infrastructure and microgrid solutions, operates in 67 countries and regions with manufacturing facilities in the US, Vietnam, and China. "We are optimistic about the outlook for EV adoption in India and believe there will be tremendous opportunities for home charging solutions," StarCharge Chairperson Shao Danwei stated.

EMPS 2024: Electric two-wheeler makers fear Rs 300 cr blow from new scheme

OEMs meet ministry officials, flag four key concerns

M&M, Adani Total Energies join to set up EV charging infra across India

Mahindra & Mahindra on Thursday said it has tied up with a unit of Adani Total Gas to establish electric vehicle charging infrastructure across the country. The auto major and Adani Total Energies E-Mobility Ltd (ATEL) have inked a memorandum of understanding (MoU) in this regard. The MoU sets a roadmap for the creation of an expansive EV charging infrastructure across the country, it added. Moreover, the partnership will also entail rolling out e-mobility solutions to provide seamless access to the charging network for the customers covering discovery, availability, navigation, and transactions, the Mumbai-based automaker said. With this association, electric vehicle XUV400 customers will now have access to more than 1,100 chargers, it added. "This alliance is a cornerstone in enhancing the EV charging infrastructure, ensuring our customers enjoy seamless access to charging network and digital integration for an unparalleled EV experience," M&M President - Automotive ...

Is new EV policy doing enough to lure Tesla to make electric cars in India

Domestic players such as Tata Motors and Mahindra & Mahindra opposed any move to reduce duties on fully-built cars

Local chip design firms can cater to e2Ws worldwide: Cadence's India MD

He points out, moreover, that there are two clearly different markets in the semiconductor sweepstakes

JSW MG Motor India plans to sell a million electric vehicles by 2030

'The percentage of stake we hold is not as important as bringing the highest and best-available technology cars into India', says Sajjan Jindal

JSW MG Motor India to invest Rs 5,000 cr; focus on new energy vehicles

One of the key targets of JSW MG Motor India would be to bring down prices of NEVs closer to that of ICE vehicles

FAME II not getting extension is setback for industry: Switch Mobility CEO

Switch Mobility, the electric vehicle arm of commercial vehicle major Ashok Leyland, recently obtained its FAME II certificate, and the scheme is ending for them on March 31

EV policy to encourage production of premium electric cars: Audi official

The new electric vehicle policy unveiled by the Indian government would encourage local production of premium electric cars in the country, a senior Audi AG executive said on Tuesday. Audi AG Vice-President, Sales Overseas, Andre Konsbruck said the Indian government is taking the right steps to accelerate the adoption of EVs in the country. "The government seems to be very committed to sustainability and to the electric future," he said in an interaction here while referring to the new electric policy. Konsbruck said that India is perhaps the first market where a specific regulation is targeted towards premium cars. "So it might really accelerate the localisation of premium electric cars, which will automatically then also drive the demand," he stated. Last week, the Indian government approved an EV policy, under which import duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at ...

Auto component makers to gain from new 4-wheeler electric vehicle policy

Currently Indian ancillary makers are not all capable of supplying EV-specific components but some component makers are suppliers to global EV OEMs

Centre likely to drag defaulters of FAME scheme to Delhi High Court

In addition to taking legal action in court, the ministry is also "debarring" these OEMs from participating in any other government schemes administered by the ministry

New EV policy to help launch many premium-quality SUVs: VinFast Auto

Vietnam's electric car maker VinFast Auto on Monday said India's new electric vehicle policy that provides import duty concessions for companies setting up manufacturing units in the country with a minimum investment of USD 500 million will allow it to introduce a wide variety of eco-friendly premium-quality SUVs at inclusive prices. The Indian government's new electric vehicle (EV) scheme aims to drive large investments in manufacturing, create competencies and upskilling, set up a robust supply chain and offer consumers world-class, zero-tailpipe emission vehicles, VinFast India CEO Pham Sanh Chau said in a statement. "This forward-looking policy helps us introduce a wide variety of smart, green, premium-quality SUVs, at inclusive prices, along with outstanding aftersales policies," he added. Chau further said, "With a long-term growth commitment in India, we have pledged an expenditure of USD 500 million, which includes the electric vehicle manufacturing facility in Tamil Nadu."

E-Luna turns an instant hit in electric vehicle two-wheeler market

The E-Luna brand is considered as one of the most affordable electric two-wheelers from an Indian manufacturer, priced between Rs 69,990 and Rs 74,990