Page 81 - Electric Vehicles

Ashok Leyland marks 75 years with e-LCV launch, signs deal with 16 firms

Signs deal with 16 companies, including Amazon and Flipkart, for supply 13,000 vehicles in the new IeV series

At 75, Ashok Leyland shifts to top gear on EV business in India, overseas

Its arm Switch Mobility has captured 20% of India e-bus market within two years of inception; plans two EV products every year for next five years

Electric two-wheelers push for DBT under FAME 3 subsidy scheme to consumers

Say huge delay in government's subsidy reimbursements choking their working capital

Mahindra to use Volkswagen's MEB components for EV production in India

Mahindra to invest around Rs 10,000 crore towards its EV subsidiaries over the next 5 years

Volkswagen in 'advanced talks' with Mahindra on MEB platform for EVs

BERLIN (Reuters) - Volkswagen said on Monday that it is in advanced talks with India's Mahindra & Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles, called MEB.

PMI Electro Mobility Solutions plans to raise around Rs 250 crore: CEO

Electric bus maker PMI Electro Mobility Solutions plans to raise around Rs 250 crore to part fund doubling of production capacity and meet working capital requirements, according to company CEO Aanchal Jain. The company, which is setting up a new manufacturing unit in Pune, could put in an estimated investment of Rs 150 crore in the expansion. PMI Electro Mobility Solutions (PMI) currently has an annual manufacturing capacity of 1,500 units, which can be increased to 2,500 to 3,000 units on multiple shifts, at its plant at Dharuhera in Haryana. "We have another construction going on at Pune, which will add another 3,000 units capacity (annually) to us," Jain told PTI. She said the Pune plant is a joint venture with BeiqiFoton Motors of China, with which PMI has a technical tie-up. When asked about the investment in the new plant, she did not share a concrete figure but said it is estimated to be around Rs 150 crore from the PMI side. The land belongs to BeiqiFoton and PMI is inve

All kinds of green tech required to reduce dependence on fossil fuels: TKM

India needs all kinds of green technologies, including electric, hybrid and flex-fuel compliant powertrains in automobiles, in order to reduce dependence on fossil fuels, according to a senior executive of Toyota Kirloskar Motor. Aligning with the national goals, the automaker plans to go in for all kinds of powertrains in its cars as it looks to provide customers with a wide range of mobility options across multiple price points. "We need all the technologies to basically shift away from petrol and diesel fossil fuels. There is so much in terms of what needs to be done. Even if we have all these green technologies. there is still going to be a gap," Toyota Kirloskar Motor (TKM) Country Head and Executive Vice-President Vikram Gulati said in an interaction with PTI. TKM aims to offer wider clean energy technology choices, including hybrid, electric vehicles, fuel-cell electric and flex-fuel vehicles to align with the government's goal of reducing dependence on fossil fuels, he ...

BMW unwraps next-generation EV lineup to take on Tesla, China's BYD

The Vision Neue Klasse concept car, on display at next week's IAA show in Munich, shows off BMW's dedicated EV underpinnings due in 2025

SLMG Beverages plans to invest Rs 100 cr to increase electric vehicle fleet

Independent franchise bottler SLMG Beverages on Friday said it plans to invest approximately Rs 100 crore to increase its electric vehicle fleet to 5,000 by 2024 from 2,000 at present for its distribution network. With this investment the company will be converting its distribution entirely to EVs, SLMG Beverages said in a statement. Mahindra & Mahindra and Tata Motors will be the OEM partners for the 3-wheelers for distribution of bottles across four states, it said. SLMG Beverages will invest approximately Rs 100 crore to increase its fleet from 2000 EVs to 5000 EVs for its distribution network," the company said in the statement. SLMG Beverages claims to be India's largest independent bottler of Coca-Cola in India and South West Asia. As concerns about carbon emissions, air pollution, and resource depletion increase, the spotlight is now firmly on green transport as a critical pathway for positive change," said Vivek Ladhani, Executive Director at SLMG Beverages Pvt Ltd. The .

Alibaba-backed EV maker IM Motors weighs raising fresh funds: Report

The Shanghai-based company is working with advisers including China International Capital Corp. as it seeks to raise about 6 billion yuan ($828 million), the people said

JSW Group in talks with Chinese carmaker Leapmotor for EV technology

JSW is likely to use a single platform on which it can build at least three mid-sized sport-utility vehicles (SUVs), one of the sources said

Hero Electric to diversify into premium space under A2B brand

Hero Electric on Thursday said it will diversify into premium segment under the A2B brand as it aims to create differentiated brands to cater to multiple segments in the electric mobility space. Under the A2B brand, the company will introduce a diverse portfolio of premium products including electric bikes, scooters, and other new variants in the category. "We are embarking on a de-aggregation strategy with specific brand offerings in different segments. This tactical move aims to focus on our traditional turf with the Hero Electric brand, while allowing us to break into newer segments as competition builds up in this sector," Hero Electric MD Naveen Munjal said in a statement. Hero Electric CEO Sohinder Gill said the company believes that differentiation is key to market dominance. "Going forward we will enter categories under specialist brand entities to bring focus to the market segments they represent, complementing the Hero brand as a legacy player in the mass mobility segment

JSW group keen to launch car in EV segment at Rs 15-20 lakh price tag

In talks with several Chinese players for tech partnership; in race to buy stake in MG Motor

Centre plans to announce Rs 57K cr PM e-Bus Sewa guidelines within a month

Unlike FAME-II, the PM-eBus Sewa scheme proposes a kilometre-based incentive structure spanning a decade

Reliance Industries gigafactory may power EV industry transformation

Current dominant battery tech making way for LFP batteries, say experts

Tata Motors unit unveils new brand identity for electric vehicles

Tata.ev reflects 'values of sustainability, community, and technology'

SnapE cabs looking to double its fleet in FY'24, expand to smaller cities

Ride-hailing app SnapE, which operates EV cabs, is planning to more than double its current fleet by the end of FY'24, and venture into smaller cities, a company official said on Tuesday. The company also plans to induct more women drivers in its workforce, said Mayank Bindal, the managing director of EC Wheels, which operates under the SnapE brand. "Besides expanding in the greater Kolkata region, which is our base, we plan to venture into smaller cities such as Bhubaneswar, Guwahati, Varanasi, Raipur, Indore, Bhopal, Jaipur and Ahmedabad over the next few years because of the potential of the untapped market," he told PTI in an interview. "We also want to provide affordable green vehicles to tourists, and are targeting the Varanasi-Ayodhya-Chitrakoot and Puri-Bhubaneswar-Konark-Chilika circuits initially," he said. The company plans to increase its fleet strength from 400 at present to 1,000 by the end of this financial year, Bindal said. "We intend to hire more women as drivers

Bullish on green mobility, Tata Motors unveils new identity for EV biz

Tata Passenger Electric Mobility on Tuesday unveiled a new brand identity as it gears up to introduce ten new battery electric vehicles by 2026. As the EV offering grows, spurred by surging consumer demand and a robust, thriving product lineup, customers expect a unique experience across all touchpoints, from the brand to the product and its ownership cycle, Tata Passenger Electric Mobility, a unit of Tata Motors, said in a statement. TATA.ev, the new brand identity for the company's electric business, is the first step towards providing differentiated and meaningful experiences for customers in the form of a collective initiative to move towards an electric future, it added. Tata Passenger Electric Mobility Head Marketing, Sales and Service Strategy Vivek Srivatsa said the automaker is entering a new era with TATA.ev. "Our new brand identity for electric vehicles underlines our commitment to accelerate the adoption of clean energy mobility solutions," he noted. With a dominating

BYD reports its weakest revenue as auto price war takes a toll in China

Revenue rose 67 per cent to 140 billion yuan ($17.8 billion) in the three months ended June, the smallest gain since the first quarter of 2022, according to Bloomberg calculations

Next EV policy to boost charging infra: Delhi transport commissioner

Delhi Transport Commissioner Ashish Kundra on Monday said the next electric vehicle policy will be focussed on enhancing the charging infrastructure and expanding the financing basket for rolling out purchase incentives. The EV policy expired on August 8 after which the Delhi government extended the Delhi Electric Vehicle (EV) Policy, 2020. Kundra was speaking at a summit on clean transport organised by the International Council on Clean Transportation (ICCT) along with the Indian G20 Secretariat. The commissioner said the government will now go in for an electrification target under which by 2025, 80 per cent of the bus fleet would be electric. He said that the newer vehicle segment that could be targeted in the next EV policy could be light and medium-duty trucks or goods vehicles that are into intra-city operations. "For instance, garbage tippers or tankers or even school buses could be thought of," he said at the event.