Page 79 - Electric Vehicles

Tesla to import completely made electric cars from Germany into India

Earlier this month, Reuters reported that Tesla is planning to build a $26,838 car at its factory near Berlin

India proposes slashing EV import taxes to clinch UK free trade deal

The UK's demand for import concessions on electric vehicles is one of the few outstanding issues in the free trade talks

Electric three wheelers' sales pick up speed but a mixed bag overall

NITI Aayog FY26 goal: question marks on E2Ws, e-buses and passenger cars

Ultraviolette Automotive forays into Europe with focus on five nations

Electric bike maker Ultraviolette Automotive on Wednesday announced its foray into the European market as it looks to tap growth opportunities in the international markets. The Bengaluru-based company launched its flagship electric bike F77 in Europe with deliveries expected to commence in the second quarter of 2024. The bike is set to be priced between 9,000 to 11,000 euro in Europe, subject to federal/state government incentives and taxes. In an interaction with PTI on the sidelines of EICMA two-wheeler motor show here, Ultraviolette Founder and CEO Narayan Subramaniam said the company will focus on five countries in the continent in the first phase. "In Europe our immediate focus is Italy, Spain, France, Germany and the UK. These five countries would be our immediate target. And then of course, we can look at scaling to other countries as well," he noted. Subramaniam said the company is in active conversation with multiple distributors and dealers in the five geographies. "It

Amazon launches programme for deliveries via electric vehicles in India

E-commerce company Amazon has launched its last-mile fleet programme in India with 100 per cent electric vehicles, under which it will provide its delivery service providers with access to customized EVs suitable for last-mile deliveries. In the initial phase of the programme, the company has introduced Mahindra Zor Grand three-wheeler EVs, each equipped with specialised enhancements for Amazon's last-mile deliveries. The programme will help more than 300 delivery service partners (DSPs) to make customer deliveries with zero tailpipe emissions, the company said. "Amazon's fleet programme is launching for the first time with entirely custom-designed EVs in India, making it convenient for DSPs to access safe, high-quality zero-emission vehicles for last mile deliveries," Amazon said in a statement. The all-electric fleet programme in India provides DSPs with access to customized EVs suitable for last-mile deliveries, with maintenance, charging, and parking also provided, the statemen

Hero MotoCorp to foray into European market with EV range next year

The world's leading two-wheeler maker Hero MotoCorp on Tuesday said it will foray into the European market with its electric scooter range next year. The company plans to introduce the VIDA V1 electric scooter range in Spain, France and the UK by mid-2024. "With this foray into Europe with our electric vehicles, I am confident that Hero MotoCorp will soon emerge as a trusted brand in key markets in the region, just as it has done in other parts of the world," Hero MotoCorp Executive Chairman Pawan Munjal said at EICMA motor show here. The company's philosophy to have a clean, equitable and hospitable planet for future generations is enacted through its products, and services, he added. Hero MotoCorp CEO Niranjan Gupta said the company is collaborating with credible partners in the UK, Spain, and France to start commercial operations in each of these markets by mid 2024. "We will first introduce our electric scooter VIDA V1 in these countries and then expand our offerings with ...

Hero unveils 3 production-ready, 3 concept vehicles at EICMA 2023

Hero MotoCorp, India's largest two-wheeler maker, also announced that it will enter Europe with its electric vehicle brand Vida

CHARGE+ZONE, Evnnovator partner with Mercedes-Benz for charging solution

Electric vehicle charging infra platform CHARGE+ZONE and Evnnovator, an end-to-end EV charging aggregator, have partnered with Mercedes-Benz for providing a vertically integrated charging solution in the country. Mercedes-Benz's existing charging network is now seamlessly integrated with over 150 DC fast charging stations and over 100 type 2 chargers already operating on Evnnovator's eMSP platform, as per a statement. Going forward, the integration would result in a robust network of approximately 500 charging points accessible nationwide to all EV customers through the FICH app, it added. The German premium car maker has the largest luxury-OEM backed charging infrastructure in the country. "We have collaborated with Evnnovator, onboarding the charging infrastructure of our franchise partners across India, on their FICH application. This application ensures seamless access to our pan-India fast charging solutions," Santosh Iyer, Managing Director and CEO at Mercedes-Benz India said

Himanshu Patel Foresees Electric Commercial Vehicles Market Soaring to $558bn by 2031

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Commercial EV-maker Euler Motors raises Rs 120 cr in funding round

Commercial electric vehicle maker Euler Motors on Monday said it has raised Rs 120 crore in a funding round from a bunch of investors. The ongoing series-C extension round saw commitment from British International Investment (BII), the UK government's development finance institution and impact investor, which is co-investing with Blume Ventures in the company, Euler Motors said in a statement. The company said it has also onboarded Green Frontier Capital, India's first investment firm focused on growth companies as part of this fundraising round along with existing investors, it said. The freshly raised capital from the ongoing series-C extension round will be deployed strategically to drive Euler Motors' pan-India expansion initiatives, as it plans to enter 40 cities by the end of FY 2023-24, the company said in a statement. The extension round takes the tally of total investments to about Rs 690 crore, it said. "Euler Motors successfully raised Rs 120-crore in the ongoing series

Developers seek to cash in on soaring EV sales with residential chargers

India is aiming to make EVs account for a third of total vehicle sales by 2030, but scarcity of public charging stations could derail these ambitions

India's sparse EV-charging network stumbles on strategy, state support

India has less than 3 per cent of the EU's PCS network, and received only 15 per cent of FAME-II EV subsidy scheme's Rs 10,000-crore budget

Gensol Engineering's first electric vehicle to roll out by January 2024

3W, 2-seater Reverse Troika to be introduced in the BluSmart fleet

Olectra Greentech's PAT nearly triples to Rs 19 cr in Q2 on higher revenues

Electric vehicles manufacturer Olectra Greentech's profit after tax nearly tripled to Rs 18.58 crore in September quarter 2023-24 mainly on the back of higher revenues. In the year-ago period, the PAT was Rs 7.42 crore, a company statement said. Revenue for Q2 FY24 was Rs 307.16 crore as against Rs 177.34 crore earlier. It said the revenue grew due to increase in vehicle deliveries. During the quarter under review, Olectra delivered 154 electric vehicles, against 111 delivered in the same period of 2022-23, it stated. The company has delivered over 1,437 electric vehicles till date. Strong demand continues with the total number of bus orders on hand at 8,208 units, it stated. The company reported Earnings Per Share (EPS) of Rs 4.40 for the half year ended September 30, 2023, compared to Rs 2.95 for the year-ago period. During the first half of 2023-24, the PAT was Rs 36.65 crore, up 52 per cent, compared to the same period a year ago. Revenue was Rs 523.18 crore, up 14 per cent

Cooling electric vehicle sales have Tesla, GM & Ford rethinking investments

While the battery-powered vehicle market is still expanding, the pace of growth has slowed considerably

Raymond Group to acquire 59% stake in Maini Precision for Rs 682 crore

The acquisition will be concluded through Ring Plus Aqua, a subsidiary of JK Files and Engineering

Electric planes, once a fantasy, are beginning to take to the skies

The first will be the CX300, a sleek plane with a 50-foot wingspan, large curved windows and a rear propeller

Raymond Group to acquire 59.25% stake in Maini Precision for Rs 682 cr

With this acquisition, Raymond's engineering business will emerge as a large‐scale provider of engineering, automotive, electric vehicle (EV), aerospace and defence components

Finmin questions rationale for extending FAME scheme beyond current fiscal

The Heavy Industries Ministry proposed an extension to subsidies for EVs under FAME III with a higher allocation for five more years to support the growth of electric and alternate fuel vehicles

Tata Motor's electric vehicle arm ties up with JLR for Avinya range

Tata Motors on Thursday said its electric vehicle arm has inked a licensing pact to source electrified architecture from Jaguar Land Rover for the development of 'Avinya' range of cars. Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover (JLR), both 100 per cent subsidiaries of the auto major, have entered into a Memorandum of Understanding (MoU), Tata Motors said in a statement. The pact envisages TPEM licensing JLR's electrified modular architecture (EMA) platform for a royalty fee for the development of Avinya series, it added. TPEM and JLR will also enter into an engineering services agreement (ESA) to support former's content requirements for the first vehicle development. JLR's EMA platform will underpin the automaker's next generation of electric mid-sized SUVs for international markets, to be launched from 2025 onwards. The platform is optimised for native Battery Electric Vehicle (BEV) proportions to maximise interior space, comfort and vision along with ...