Page 66 - Electric Vehicles

Electric mobility

EV import policy can face execution challenges

BluSmart to add 4,000 EVs of French carmaker Citroen to its fleet

As part of the initial phase, 125 Citroën ë-C3 electric SUVs were flagged off from BluSmart's EV charging superhub in Bengaluru

Xiaomi shakes up Chinese EV sector, keeping rival XPeng on its toes

Plans for the US to advance a bill that may ban Chinese biotech firms from accessing federal contracts may impact the long-term outlook for firms including WuXi AppTec Co

NexGen Energia to invest Rs 1,000 cr for setting up EV unit in J&K

Sustainable energy solutions firm NexGen Energia on Monday said it will invest Rs 1,000 crore in setting up a manufacturing unit for electric vehicles (EVs) in Jammu and Kashmir. The Noida-based company said it is currently in talks with the authorities in the Union Territory and scouting for 100-acre land either in the Kathua industrial area or in the Kashmir Valley. The move comes soon after the company announced Rs 3,000 crore investment for setting up a Compress Bio Gas (CBG) plant in Gujarat. "Along with 'Make in India', we are on the way to fulfil the dream of self-reliant India. We will establish an EV plant in Jammu and Kashmir in collaboration with the government in which we will invest Rs 1,000 crore," NexGen Energia chairman Piyush Dwivedi told PTI. "The manufacturing unit will provide direct and indirect employment to about 1 lakh people and we aim to launch NGE's most affordable electric two-wheeler on April 15 next month for just Rs 36,900 from our Noida unit," Dwived

Enough safeguards in place for domestic industry in EV space: R C Bhargava

R C Bhargava tells that we support any scheme of the government that encourages new investment and new technology to come into the country, and that is what we hope will happen

India opens doors for global EV makers; scheme to help USA's Tesla

Scheme allows EV imports by manufacturers who commit to invest Rs 4,500 cr at 15% custom duty for 3 years

New scheme for electric vehicles may put global majors in fast lane

While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla's next move will be watched carefully

Initial cost of e2W may rise 10% due to reduced subsidy, says ICRA

Credit rating agency ICRA expects the initial cost of an electric two-wheeler (e-2W) to increase by 10 per cent due to the reduced subsidy

India approves new EV policy in boost to Tesla's market entry plans

New policy mandates companies to invest a minimum of $500 million in the country and will allow them three years to set up local manufacturing for EVs

Nissan considering business partnership with Honda to make key EV parts

Nissan is considering partnering with Honda on key EV parts, as well 'kei car' - boxy vehicles that are smaller and less powerful than regular cars, primarily made for the domestic market

EVs must adhere to strict localisation rules under new e-mobility scheme

Centre introduced Electric Mobility Promotion Scheme (EMPS) as a transitional scheme, which will be in place till June 2024 after FAME-II ends on March 31, 2024

Manufacturers of electric vehicles lukewarm to new subsidy scheme

Short duration, stricter compliance pushes EV makers to consider selling vehicles sans subsidy

Electric vehicle operator BluSmart touches milestone of 7,000 EV fleet

BluSmart operates in Delhi NCR and Bangalore using car models such as Tata Tigor EV, MG ZS EV, and BYD E6

Govt announces Rs 500 crore e-mobility scheme to promote electric vehicles

The second phase of FAME-II or Faster Adoption and Manufacturing of Electric Vehicles in India programme ends on March 31, 2024

Xiaomi to deliver first batch of electric vehicles this month in China

The smartphone maker, China's fifth-largest, said in a Weibo post that 59 of its stores in 29 cities nationwide will take orders for its new Speed Ultra 7 (SU7) sedan

FAME scheme extension plan may be on Union Cabinet agenda tomorrow

The MHI has made its last efforts to secure approval for extending the scheme before the March 31 deadline for FAME-II

India will not tailor its policies to suit US EV maker Tesla: Piyush Goyal

India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than USD 40,000, and 100 per cent for cars of higher value. In an interview with PTI, Goyal said the government recognises the need for a vibrant EV ecosystem as greater use of battery-run vehicles will cut carbon emissions as well as the staggering oil import bill. But for this, it will not tailor policies that suit any one company and would rather frame ones that will encourage all-electric vehicle manufacturers from across the world to set up shop in India, he said. "We are working on several initiatives where we are having inter-ministerial (consultations) and a dialogue

Tesla's German gigafactory to restart next week, says works council head

German police said they believed a letter from a far-left organisation called the Volcano Group claiming responsibility for the fire was authentic

End of the road for FAME-II scheme for EVs drives up e2W, e3W demand

FAME-II scheme for electric vehicles to end on March 31

Nissan may bring ultra-compact EV production in-house from 2028: Report

Nissan and Mitsubishi denied the plan