Page 78 - Electric Vehicles

Servotech Power, EMCOR to set up 1,000 EV charging stations in India

Servotech Power Systems and EMCOR Power Solutions have entered into an agreement to develop 1,000 EV charging stations at various locations in India. EMCOR Power Solutions is part of Kuwait-based EMCOR International which is in the business of oil and gas, Servotech Power Systems said in a statement on Thursday. "Under the memorandum of understanding (MoU), EMCOR Power Solutions commits to provide 1,000 charging power operators (CPO) sites in India. These sites will serve as the foundation for the installation of EV chargers, as outlined by the agreement," the statement said. Servotech Power Systems will manufacture and install 30kW to 60kW and higher capacity DC fast EV chargers to cater to the varying power requirements. The project will be executed in a phased manner. Initially, 100 DC fast EV chargers will be installed at different locations in South India and later scaled up to other parts of the country. Raman Bhatia, MD of Servotech Power Systems said the MoU aims to accele

SUN Mobility partners Bluwheelz to deploy over 16,000 EVs in 1 year

Battery-swapping solutions provider SUN Mobility on Thursday said it has partnered with electric vehicle fleet operator Bluwheelz to deploy over 16,000 EVs in the next 12 months. Under the partnership, the companies are looking to deploy over 15,000 electric two-wheelers and 1,000 electric three-wheelers in all metropolitan cities through the next 12 months, SUN Mobility said in a statement. Besides, the company also plans to retrofit over 1,000 existing 4-wheeler loader fleets of BluWheelz into electric over the next 12 months, it added. "We are now doing more than 1 million swaps every month and with partners like Bluwheelz we will empower more people to choose sustainable transportation options, making our cities cleaner and more liveable," SUN Mobility CEO Anant Badjatya said. Bluwheelz Chairman Sanjiv Gupta said, "Our collaboration with Sun Mobility perfectly resonates with our mission to pave the way for a more sustainable and eco-friendly future in the realm of mid-mile and

Toyota and energy company Idemitsu to cooperate on EV battery technology

Japan's top automaker Toyota agreed on Thursday to work with Idemitsu, a major Japanese oil company, on technology for mass production of solid-state batteries that promise to be a key component in future electric vehicles. The deal is an important step for Toyota Motor Corp., which has promised to speed up its battery EV offerings and catch up after having fallen behind rivals like Tesla and China's BYD. Toyota lags partly because of its success in hybrids, like the Prius, that are equipped with both gasoline engines and battery-powered motors. Toyota, with its production finesse, and Idemitsu, which owns technologies in materials, said they are aiming for successful commercialisation of all-solid-state batteries in 2027 or 2028, followed by full-scale mass production. With repeated efforts involving trial and error, we have succeeded in developing a material that is more stable and less prone to crack, Toyota Chief Executive Koji Sato told reporters in Tokyo, after shaking hands .

Snap-E Cabs increases electric vehicle fleet size to 600 cars in Kolkata

App-based on-demand electric cab services provider Snap-E Cabs on Tuesday said it has expanded its fleet size to 600 cars in Kolkata, aided by significant collaborations with multiple players. The company has formed alliances with Mufin Green Finance, Mahindra & Mahindra Finance, ICICI and HDFC that are in line with the platform's expansion plans for this fiscal, the company said in a statement. Snap-E-Cabs, which is currently present in Kolkata, is also aiming at entry into newer markets like Bhubaneswar and Raipur while doubling the fleet count as well, it said. "These partnerships align with our vision to provide environmentally conscious transportation options to our customers while expanding our reach and enhancing our service offerings, said Mayank Bindal, Founder and CEO of Snap-E-Cabs. The company said its partnership with Mufin entails a fleet of 100 Tata Tigor cars on lease for five years. These vehicles will be utilized as cabs in Kolkata, effectively increasing its ...

Bridgestone ties up with Tata Power to install EV chargers for 4-wheelers

Tyre maker Bridgestone India on Tuesday said it has joined hands with Tata Power to install EV chargers for four-wheelers at its dealerships across the country. Under the collaboration, Tata Power will instal 25/30 Kwh capacity DC fast chargers that are capable of charging a four-wheeler within one hour, allowing 20-24 vehicles being charged in a day, Bridgestone India said. The chargers will be operational on a 24x7 basis, the company said in a statement. "At Bridgestone, being a globally trusted partner in the mobility space, we always endeavour to provide solutions for journeys. This joint initiative with Tata Power is a reflection of this commitment," Bridgestone India Chief Commercial Officer Rajarshi Moitra stated. The chargers will be accessible to Bridgestone customers and all EV owners. "Our partnership with Bridgestone India exemplifies our dedication to facilitating the electric vehicle revolution by fostering innovation and collaboration," Tata Power Head Business ...

Ather Energy to make international foray in Nepal with flagship model 450X

Electric two-wheeler maker Ather Energy on Monday said it is foraying into the international market. The company plans to enter the international market with the export of its flagship model, 450X, to Nepal, it said in a statement. The plans to export the 450X model comes at a time when Nepal is shifting towards more clean mobility options. A relatively smaller market as compared to its neighbours India and China, Nepal, however, presents a promising proposition for companies like Ather to understand new markets in terms of product performance and acceptability, the company said. "While we continue growing domestically, we are really excited about expanding our business footprint to international markets. We have had incredible in-bound demand from multiple markets, and Nepal is the first step in our journey of going international," Ather Energy Chief Business Officer Ravneet Phokela said.

Capex till 2030-31 could be Rs 1.25 trn on product expansion: Maruti Suzuki

Maruti Suzuki India's capex till 2030-31 could be around Rs 1.25 lakh crore as it plans to enhance product range to 28 models from 17 currently and expand production capacity, according to a regulatory filing. The country's largest carmaker is lining up capex to expand its total production capacity to 40 lakh units per annum by 2030-31. "The regular capex in the existing plants at Gurgaon, Manesar and Gujarat will continue. The amount in 2022-23 was around Rs 7,500 crore. Total capex till 2030-31 could be as much as Rs 1.25 lakh crore," Maruti Suzuki India (MSI) said. In a presentation for shareholders, analysts and proxy advisors, the auto major stated that it will need about Rs 45,000 crore to create a capacity of 20 lakh units. This is based on current costs and a small amount for cost escalation, it noted. Elaborating on the benefits of issuing shares on a preferential basis to Suzuki Motor Corporation (SMC) rather than utilising cash for the acquisition of Suzuki Motor Gujar

Ather Energy planning to set up new manufacturing plant to expand capacity

Apart from this, Ather Energy is also looking at the possibility of expanding to the global markets

'Industrial coup': How China grabbed pole as the world kept napping

Was it happenstance, or reflective of an already acquired manufacturing might, or strategic foresight, or that the West was caught napping? The full story is that it is all of these, writes T N Ninan

Gabriel India gains 7% to hit new high; up 60% in 2 mths on strong outlook

Operating margins are seen around 8-9%; the improvement is likely to be driven by stable RM prices, positive operating leverage benefits and cost optimization measures by the firm, said CRISIL

GST Council likely to consider 'zero tax' on millet mix in meeting

Council may maintain status quo on reducing tax rates on EV batteries to 5% from 18%

Reliance unveils swappable, multipurpose batteries for EVs for clean energy

The idea is that a person can use one battery for mobility as well as for powering appliances at home, company executives at the event said

BYD set to race past Tesla as world's biggest electric car seller: Report

China's best-selling car brand came within a whisker of toppling Tesla last quarter after factory downtime led to the US automaker's first delivery decline in more than a year

India caught between Davids & Goliaths in global clean energy face-off

The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product

Tesla Inc's sales drop brings BYD the closest ever to global EV crown

Including hybrids, Shenzhen-based BYD sold a total 822,094 vehicles for another record quarter, helping it cement its lead as China's best-selling car brand

India Inc's electric vehicle battery-making plans hinge on China imports

The processing, as well, remains heavily dependent on China for more than 90 per cent of the requirements, industry executives point out

Tesla misses market estimates for quarterly deliveries, shares fall 3.7%

The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. 30, down nearly 7% from the preceding quarter

EV maker Rivian beats Q3 delivery estimates after raising production

The Irvine, California-based startup said it was on track to produce 52,000 vehicles in 2023 - a target it raised in August from 50,000 vehicles as supply-chain bottlenecks eased

JLR aims to roll out 8 battery electric vehicles in India by 2030: Official

Tata Motors-owned Jaguar Land Rover (JLR) aims to launch eight battery electric vehicles (BEVs) in India by 2030, according to a senior company executive. The company currently sells one electric model -- Jaguar I-Pace -- in the country. In an interaction with PTI, JLR Chief Commercial Officer Lennard Hoornik said the automaker will commence taking orders for the Range Rover BEV for the Indian market next year with deliveries expected to begin in 2025. "We are planning to introduce at least 8 BEVs by the end of the decade in India," he noted. The British automaker, a wholly-owned subsidiary of Tata Motors since 2008, aims to become a net-zero carbon business globally by 2039. Terming the Indian market a "big strategic priority" for the automaker, Hoornik noted that the country is in the right direction when it comes to transitioning into electric mobility. He said subsidy push in the initial phase, setting up the right amount of charging infrastructure and having a great product

L&T Finance to provide up to 100% loan on Ather EV's on-road price

The amount of loan being financed will be determined based on the credit profile of the customer of Ather Energy