Page 72 - Electric Vehicles

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

EVRE aims to capture 35% of commercial vehicle charging market by 2025

EVRE has set the target to secure a total of Rs 160 crore in equity by the end of 2024 to support its expansion plans

Trade department backs lower tax on hybrid vehicles in green push

India's combined sales and additional taxes on hybrid vehicles sales are as high as 43%, based on the size of the car, compared with the highest rate of 50% imposed on petrol and diesel cars

Axis Bank gives Rs 1 bn loan to Everest Fleet for 4 years to purchase EVs

Everest Fleet is one of the largest independent fleet management providers in the country. This transaction will support the fleet to accelerate the use of electric vehicles

Tesla launches restyled Model 3 in North America at unchanged prices

The move will refresh Tesla's aging vehicle line-up in its biggest market and follows a price war last year that helped the company meet its annual deliveries goal at the cost of margins

Hydrogen energy makes a comeback in vehicle conversation at CES 2024

While electric vehicles are gaining the lion's share of the attention for carbon-neutral technology at CES 2024, hydrogen energy has snuck its way back into the conversation thanks to two automotive giants. Hyundai spotlighted its plans for utilizing hydrogen energy at the sprawling tech and gadget show in Las Vegas. Beyond making vehicles powered by hydrogen-powered fuel cells, the South Korean automaker signaled that it could work toward aiding a hydrogen society by expanding into energy production, storage and transportation. It's already technologically feasible, and it will eventually make sense economically, too, Jos Muoz, president and global chief operating officer of Hyundai Motor Co., predicted Monday. Meanwhile, automotive supplier Bosch Mobility plans to launch its first hydrogen combustion engine this year another key step toward reducing global man-made carbon emissions, the company said during its CES 2024 event. Both Bosch and Hyundai say they've been encouraged to

Hero MotoCorp stake in electric scooter firm Ather Energy capped at 40%

Nikhil Kamath, founder of online stock trading platform Zerodha, who has also taken a stake in Ather, is believed to be willing to bet more in the company. But existing investors are not selling right

Renault plans 5 new cars in next 3 years, seeks regulatory clarity

Renault is planning to launch a total of five cars -- including B plus segment sport utility vehicle (SUV), a C segment SUV and an electric vehicle (EV) -- in India in the next three years

Electric vehicle sales jumps 49% to 1.52 million units in 2023: Fada

Electric vehicle sales in India jumped 49.25 per cent year-on-year to 15,29,947 units in 2023, according to a data released by the Federation of Automobile Dealers' Association (FADA) on Tuesday. The EV industry had recorded a total sales of 10,25,063 units in 2022, as per the data. The two-wheeler sales grew 36.09 per cent to 8,59,376 units in the just-concluded year against 6,31,464 units in 2022, it said. The e-three-wheeler sales volumes surged 65.23 per cent year-on-year to 5,82,793 units from 3,52,710 units sold in 2022. E-commercial vehicles sales rose 114.16 per cent year-on-year to 5,673 units in 2023 compared to 2,649 vehicles in the preceding year. Electric passenger vehicle sales grew 114.71 per cent to 82,105 units last year against 38,240 vehicles in 2022, as per the FADA data.

India, UK next round of talks for proposed free trade agreement from Wed

The next round of talks for the proposed Free Trade Agreement (FTA) between India and the UK will start here from Wednesday to resolve remaining issues and conclude the negotiations, an official said. The 13th round of negotiations for the proposed pact was held between September 18 and December 15. "The UK and India will continue to negotiate towards a comprehensive and ambitious FTA. The 14th round of negotiations will take place here from Wednesday," the official said. These negotiations would focus on complex issues in the areas of goods, services, and investment. Issues that are pending include duty cuts on electric vehicles, whiskey, and the movement of professionals. Talks are also progressing on the proposed Bilateral Investment Treaty (BIT). India and the UK launched the talks for an FTA in January 2022 with a view to boost economic ties between the two nations. There are 26 chapters in the agreement, which include goods, services, investments and intellectual property

China wants its massive EV fleet to plug in and charge the power grid

China plans to lean further into vehicle-to-grid tech.