Page 68 - Electric Vehicles

EVs adoption key for transition to low carbon economy by 2047: DPIIT secy

The vision to make India a developed nation by 2047 includes a major shift towards electric vehicles, supported by tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure, a top government official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy. "The comprehensive vision for 2047 includes a substantial shift towards electric vehicles across various segments, supported by tax incentives, Production Linked Incentive (PLI) schemes, and the mandatory provision of charging infrastructure," Singh told PTI. He said that a shift in the modal share of freight from road to rail will be an effective lever to decarbonise the freight transport sector. He added that the government's authorisation of 100 per cent Foreign Direct Investment (FDI) for

Ather Energy announces its new family-oriented electric scooter 'Rizta'

Despite the shift towards a family-centric approach, Mehta assured customers that the Rizta will uphold the quality and reliability synonymous with the Ather brand

Tata Motors to hike passenger vehicle prices, including EVs, from Feb 1

Tata Motors on Sunday said it will increase prices of its entire passenger vehicle range, including EVs, by an average of 0.7 per cent with effect from next month. This increase will be effective February 1, 2024, and is being taken to partially offset the rise in input cost, Tata Motors said in a statement. The company sells a range of passenger vehicles including Punch, Nexon and Harrier.

Zero-emission cars can tackle air pollution, cut oil imports: Tata Motors

Only zero emission cars can contribute towards a reduction in air pollution, cutting burgeoning fuel imports and attaining net zero targets, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. Amid demands from a certain section of the industry to cut taxes levied on hybrid cars, Chandra said that such vehicles do not align with the key national objectives of achieving net carbon-zero target, improving air quality levels, and reducing fossil fuel imports. He noted that hybrid and CNG technologies in cars help in improving fuel efficiency and meeting emission-related regulatory compliances but cannot be compared with pure battery electric vehicles. In an interaction with PTI, Chandra said that the government already supports hybrid vehicles in terms of lower taxation and there is no need to bring those at par with electric vehicles. He noted that hybrid cars cannot be compared with EVs as they essentially run on polluting "fossil fuel". Chandra said that

Ford reduces production of F-150 Lightning pickup truck as EV demand slows

The announcement is the latest sign of softening demand for EV trucks. General Motors in October postponed the opening of a $4 billion electric truck plant in Michigan for a year

Retrofitting saves 29% for buses, 24% for trucks compared to new EVs

According to the findings, retrofitting extends the lifespan of vehicles by 8-10 years and offers a faster payback compared to new electric vehicles (EVs)

Battery maker IBC raises $35 mn to fund manufacturing expansion in India

Company says it is developing products are safe at high temperatures and have a longer life

ESG, technology theme to dominate India Inc acquisitions in 2024

Streamlined regulatory approvals, sector-specific incentives would encourage firms to write acquisition cheques

Tata Passenger Electric Mobility nears break-even: MD Shailesh Chandra

He talks about how the company is focusing on going fully electric and moving away from petrol and diesel powertrains

Tata Motors urges India to keep hybrid tax as Toyota seeks cut -sources

The lobbying is the latest by Tata aimed at protecting its dominant EV market share. Tata is also pushing back against Tesla's attempts to secure lower levies for imported EVs, Reuters has reported

IIT Madras partners with technology firm Altair for e-mobility lab

Agreement will support the premier college's research in electric vehicles

EV industry sales growth to moderate to 40-45% this year: Tata Motors

Tata Motors expects the industry sales growth of electric vehicles in India to moderate to 40-45 per cent this year with the base becoming bigger, a top company official said on Wednesday. The company, which launched Punch.ev on Wednesday, plans to introduce four more EV models this year, Tata Motors Passenger Vehicles Ltd & Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said. It is expecting to grow faster than the industry EV growth rate, he added. "Two years back, EVs were growing on a very low base. In the last calendar year, it had a growth of nearly 100 per cent but now the base is getting bigger. By the end of this financial year, it will be around 90,000 to 1 lakh. On this high base, I think the growth (industry) would moderate to about 40 per cent to 45 per cent," Chandra said. As for Tata Motors, he said with five EV products lined up for launch, the company expects to beat the industry growth rate. When asked about EV penetration in the overall

BYD's chartered vessel sets sail with 5,000 electric vehicles for Europe

Chinese automakers including BYD, Chery Automobile and SAIC Motor have been placing orders for vessels to counter rising shipping costs as they boost exports

ETO Motors bags order to deploy 500 EV 3-wheelers in UP, focus on Ayodhya

ETO Motors on Monday said it has bagged an order to deploy 500 electric three-wheelers in Uttar Pradesh, with special focus on Ayodhya. The Letter of Award (LoA) given by the Uttar Pradesh government has given the company the responsibility to deploy and manage the electric three-wheelers in Lucknow, Ayodhya, Varanasi, Prayagraj, Agra, Mathura, and Gorakhpur, ETO Motors said in a statement. Notably, ETO Motors has received authorisation to initiate the deployment with a special focus on Ayodhya, coinciding with the inauguration of the Ram Temple, it said. The strategic launch in Ayodhya aims to facilitate devotees visiting the sacred site, marking a beginning for the integration of electric mobility into cultural and religious events, the company said. "Our e-three-wheelers are not just vehicles but carriers of change, driving economic growth and social empowerment while upholding our commitment to environmental stewardship," ETO Motors Director Karthik S Ponnapula said. ETO Moto

CM Adityanath flags off 75 EVs in Ayodhya ahead of Ram temple consecration

Uttar Pradesh Chief Minister Yogi Adityanath on Sunday flagged off 75 electric vehicles in Ayodhya, a week ahead of 'Pran Pratishtha' ceremony of the Ram temple. Adityanath also launched the official website of Ayodhya Police and a Digital Tourist App, the UP government said in a statement. The e-vehicles flagged off by the chief minister include 50 buses and 25 auto-rickshaws. Addressing the people on the occasion, Adityanath said the Ayodhya Municipal Corporation and Ayodhya city have created e-services in order to provide the best facilities of public transport to the devotees coming before the 'Pran Pratishtha' (consecration) programme in Ayodhya Dham to be held on January 22. The chief minister said January 22 is a date to honour India's faith and belief and is also a sacred date to restore India's self-respect and honour. "When Lord Shri Ram will be seated in his grand temple after 500 years, then not only in Ayodhya Dham but also in the state and the entire country the work

Tesla gets $94 billion market cap reality check as EV winter sets in

The hit to Tesla's market capitalization to start the year is the biggest the company has seen over a similar period since it went public in 2010

Tenders floated to procure e-buses under Central scheme: Hardeep Puri

The government has floated tenders for procuring electric buses under the PM-eBus Sewa scheme, Union Housing and Urban Affairs Ministry Hardeep Singh Puri said on Friday. Under the scheme, 10,000 electric buses will be provided to 169 cities under the public-private partnership model. Addressing a press conference, Puri said his ministry's officials were in touch with bus manufacturers. "Tenders have been floated to procure buses. The bidding will be completed by the end of January." According to the plan, people travelling in these buses can buy tickets through an automatic fare system while the operators will be paid based on the travel distance. The scheme, which will continue till 2037, will have an outlay of Rs 57,613 crore, of which Rs 20,000 crore will be provided by the Central government and the remaining will be borne by the states. The government said priority will be given to cities which do not have an organised bus service. Talking about his ministry's achievements

Toyota to roll out solid-state battery EVs in couple of years: Report

Solid-state batteries promise to dramatically improve the driving range of electric vehicles (EVs)

Toyota to roll out solid-state battery EVs globally in a couple of years

Last year, Toyota and oil refiner Idemitsu Kosan said they would tie up to develop and mass produce all-solid-state batteries, which they aim to commercialise in 2027 and 2028

Maruti Suzuki plans to start exports of EVs, lithium-ion battery this year

Maruti Suzuki India plans to start exporting Electric Vehicles (EVs) from India this year after launching them in the country, a senior company official said on Thursday. The company also expects to export lithium-ion battery cells and modules worth around Rs 750 crore this fiscal. "This year itself we will start exports of EVs to countries like Europe and Japan," Maruti Suzuki India Executive Director Rahul Bharti said at the Vibrant Gujarat Global Summit here. On the export of battery cells and modules, Bharti said, "We are exporting it to advanced countries like in Europe. We will be touching almost Rs 750 crore of lithium-ion advanced chemistry cells, battery packs and module exports this financial year." Automotive Electronics Power Private Ltd (AEPPL) -- a joint venture between Japan's TOSHIBA Corporation, Denso Corporation and Suzuki Motor Corporation, has a lithium-ion battery plant at Hansalpur in Gujarat. Maruti Suzuki procures the cells and models from the JV and export