Page 75 - Electric Vehicles

US considering hiking tariffs on China EVs, solar products: Report

US is considering raising tariffs on Chinese electric cars and other goods as it tries to limit reliance on Asia's biggest economy and shield its own green industry, the Wall Street Journal reported

EU, UK approve 3-year postponement of tariffs on electric vehicles

The European Union and the UK approved a three-year postponement of tariffs on electric vehicles, giving carmakers more time to make necessary changes to comply with local content requirements

Tesla faces inquiry by Norway's safety regulator over suspension failures

A decision is expected by Christmas. The agency has the authority to order a recall if an automaker refuses

Electric cars expected to see volume growth of 30-40% in 2024: Chandra

He said that more electric car models at different price points -- between Rs 8 lakhs and Rs 30 lakhs -- have to come in the Indian market so that people have more options

BluSmart raises $24 million via issue of equity rights to fund expansion

Electric vehicle ride-hailing service and charging infrastructure network operator BluSmart on Thursday said it raised USD 24 million (Rs 200 crore) through issue of equity rights to its existing investors for funding the company's expansion. The latest funding round saw participation through over-subscription of equities by existing investors, founders and the leadership team, BluSmart said in a statement. Currently, the platform operates over 5,500 electric vehicles in the domestic market. It owns and operates over 4,000 EV chargers across its 34 charging superhubs. The platform said it aims to scale to a fleet size of around 8,000 EVs across Delhi-NCR and Bengaluru by next year. "BluSmart has raised USD 24 million (Rs 200 crore) in a new equity round in December 2023," the company said in a statement. "We will continue to expand our brand promise of zero ride denials, on time service and clean mobility to more geographies. The overwhelming support for the rights issue by our ..

Auto sector to take a V-turn in FY25 on election winds, new models

Luxury car segment will continue to rise its EV penetration. However, the tipping point is still a few years away. Customers require convincing on ownership benefits and hassle-free experience

BluSmart raises $24 mn in new equity round, will expand charging infra

Ride-hailing company says it aims to have a fleet of 8,000 EVs in Delhi and Bangalore by next year

OEM, dealers to play Santa during year-end for EV passenger vehicles

Carmakers, dealers offering discounts up to Rs 4 lakh

Delhi nears 5,000 EV charging, battery-swapping facilities: Discoms

The EV charging infrastructure is expanding rapidly in Delhi with power distribution companies setting up over 4,500 charging points and battery-swapping facilities across the city and hundreds more to be installed by the end of the current fiscal, discom officials said on Wednesday. The number of charging points and battery-swapping facilities in the city will cross the 5,000-mark in the next few months, they said. According to the latest report of the Central Electricity Authority (CEA), Delhi consumes 55 per cent of the power consumed at EV charging points across the country. The BSES discoms -- BYPL and BRPL -- have installed over 3,100 charging points and battery-swapping stations at more than 1,200 locations across South, West, East, and Central Delhi. These include 1,260 (40 per cent) private, 1,220 (39 per cent) public and 485 (15 per cent) captive category, said a spokesperson of the company. In the current financial year, BSES will facilitate installation of over 1,200 E

Ford Motor cancels deal to sell its Tamil Nadu plant to JSW Group

The JSW Group had finalised an agreement to buy the Ford plant for around $100 million, but Ford called off the deal as it is no longer looking to sell the factory

Tesla analysts eyeing electric vehicle slowdown turn more cautious on 2024

Some of the EVs made by Tesla may no longer qualify for government subsidies in the US and in some European countries in 2024, putting further pressure on the company's revenue

More than 800k EVs registered between June and December 2023; up 19% YoY

In order to increase the sale of EVs in India, the Centre notified Phase-II of FAME India Scheme for a period of five years, effective April 2019 with a total budgetary support of Rs 10,000 crore

India cautious as Tesla yet to share electric vehicle launch pricing

The Texas-headquartered electric vehicle (EV) manufacturer has not disclosed pricing details for the introduction of its cars in the Indian market

Gujarat attracting big investments since automobile sector took off in 2009

Gujarat's automobile sector took off in 2009 when Tata Motors set up its Nano manufacturing plant in Sanand, about 50 km from Ahmedabad, and the state has been attracting some big ticket investments from both domestic and international players since then. Now, with the global shift tending towards electric mobility, the Gujarat government seeks to position itself as a leading electric vehicles (EV) manufacturing hub. To this effect, it signed an MoU with the Tata Group worth Rs 13,000 crore in June this year. The 10th edition of the Vibrant Gujarat Global Summit will be held from Jan 10 to 12, 2024 in Gandhinagar. The biennial summit serves as a platform for businesses and governments to explore investment opportunities and establish partnerships. Experts believe that future-ready infrastructure such as the Dholera Special Investment Region and the Delhi-Mumbai industrial corridor are bound to change the state's outlook in the auto sector. Ratan Tata, former chairperson of the Ta

India-UK to resolve visa, EV issues under proposed free trade agreement

India and the UK are trying to resolve issues concerning visas for domestic professionals and duty concessions on British electric vehicles (EVs) as part of the proposed free trade agreement, and talks on them are at the last leg, an official said. An Indian team is in the UK to iron out differences over these issues, besides some others in the services sector and customs duty cut on British whiskey. The two countries are looking at tariff rate quota (TRQ) type arrangements for EVs. Under TRQ, a fixed number of goods are allowed at concessional duty, and beyond that, normal duty applies. The UK has sought customs duty concessions on exports of electric vehicles to India under the proposed free trade agreement. "India is seeking a liberal visa regime for its services companies as those firms need to send skilled professionals to the UK. So, visa regime should be facilitative for them," the official said. However, the UK is arguing that one of the main issues that led to Brexit was

Maruti Suzuki's 2024 launches: Know about new cars, prices, specs, and more

Maruti will also join the EV bandwagon with its first born-electric SUV, the eVX, which is slated to be launched in India towards the end of 2024

Hero MotoCorp raises stake in Ather Energy, to buy shares worth Rs 140 cr

Ather, the manufacturer of electric two-wheelers, is also aiming to list on the Indian stock market

Charging growth

India must increase its presence in critical minerals

Pawan Munjal-backed Exponent raises $26.4 million in Series B round

The fund would help the firm to deploy 1,000 e-pumps (charging stations) and have 25,000 EVs powered by Exponent by 2025

Audi, ChargeZone inaugurate ultra-fast charging station in Mumbai

German luxury car manufacturer Audi on Thursday inaugurated an ultra-fast charging station, conceptualised and developed in collaboration with ChargeZone, in Bandra Kurla Complex (BKC) here. Claiming to be India's first ultra-fast charging station, it has a total capacity of 450 KW, which delivers 360 KW of power to an electric vehicle, Audi India said in a statement. Currently, Audi India has the luxury EV portfolio with six electric cars -- ?Q8 50 e-tron, Q8 55 e-tron, Q8 Sportback 50 e-tron, Q8 Sportback 55 e-tron, e-tron GT and RS e-tron GT -- in India. According to the company, this charger can charge Audi Q8 55 e-tron with a 114 KWH battery from 20 per cent to 80 per cent in just 26 minutes. "The inauguration of India's first, ultra-fast charging station by Audi India is a significant milestone in our ongoing efforts to develop a comprehensive electric vehicle ecosystem for our valued customers," Balbir Singh Dhillon, Head of Audi India, said. The company said its e-tron ...