Page 82 - Electric Vehicles

Hyperdrive: Here's why 'black mass' is latest buzzword for EV industry

There's growing interest in battery recycling as the global electric-vehicle industry expands, and as carmakers and Western governments aim to build supply chains that bypass China

Sugar body ISMA seeks 5% GST on flex-fuel vehicles in line with EVs

Sugar industry body ISMA on Monday sought GST rate of 5 per cent for vehicles using flex fuels, same as that on electric vehicles, in order to accelerate adoption of blending of ethanol with petrol as fuel for automobiles. Flex fuel vehicles (FFVs) use a mix of petrol and ethanol at various degrees. India has achieved E10 (10 per cent ethanol in petrol) and is targeting E20 by 2025. In a statement, Indian Sugar Mills Association (ISMA) said that presently, FFVs are levied with a GST rate of 28 per cent while the GST is 5 per cent on electric vehicles (EVs). This move will directly contribute to reducing India's fuel bill while simultaneously curbing carbon emissions from the transportation sector, it said. ISMA has made a representation to Ministry of Road Transport and Highways for a relaxation in Goods and Services Tax (GST) on FFVs. "Presently, FFVs are levied with a GST rate of 28 per cent, a notable contrast to the 5% GST rate applicable to electric vehicles. We request pari

Amazon now has over 6,000 electric vehicles in its India delivery fleet

Amazon is among many e-commerce firms and consumer goods manufacturers, that are scaling up EV deployment efforts to reduce costs and meet carbon emission targets

Economies of scale to take electric-bus penetration above 70% by 2030

India is expected to become one of the world's major electric vehicle markets by 2030, growing at a 49 per cent compound annual growth rate (CAGR) between 2021 and 2030

E-commerce, FMCG demand for electric vehicles doubles in FY24

Companies are also increasing their focus on electric commercial vehicles to save fixed operating costs and reduce logistics costs

CSM Tech, IIT-M to build autonomously driven electric race car by 2025

CSM Tech is backing Raftar, a motorsports team run by the students of IIT Madras, which has won the Formula Bharat thrice, more than any other peer

SMEV seeks clarity from Heavy Industries Ministry over refund of subsidies

Electric two-wheeler makers body SMEV on Friday sought clarifications from the Ministry of Heavy Industries about its claim for refund of subsidies from some OEMs who did not comply with phased manufacturing programme (PMP) norms. Pointing out that the basis for refund would only mean that the processing of subsidies and the official reimbursement was done faultily, it has asked for the ministry (MHI) to clarify if it intends to thus cancel all subsidy claims during this period for all OEMs (Original Equipment Manufacturers), SMEV said in a letter to Heavy Industries Secretary Kamran Rizvi. The letter also sought the legal basis for the refund amounts since they do not conform to any stated mechanism in the rules. SMEV had earlier offered a solution to the issue through recovery from customers directly which would have cleaned off the subsidy slate completely. "The Ministry is in debt to OEMs to the tune of Rs 1,200 crore. If their demand for refund of earlier paid subsidies to the

JBM Auto gears up to participate in PM-eBus Sewa scheme worth Rs 57,613 cr

JBM Auto is gearing up to participate in the recently announced scheme under which 10,000 electric buses will be deployed in 169 cities under the public-private partnership model, a top company official said on Friday. The company, which already has orders for 5,000 electric buses from across the country in its kitty, is looking to go through the policy fine print before deciding its future course of action. "We are very well positioned with our product range, manufacturing capacity and technology to execute this but definitely we are waiting for further clarity on the policy in the next few weeks," JBM Group Vice Chairman and Managing Director Nishant Arya told PTI on the sidelines of the B20 Summit here. He noted that the company is already the largest electric bus maker in the country with a manufacturing capacity of 20,000 electric buses per annum. "Having over 30 per cent market share and an order book of more than 5,000 electric buses we're delivering buses across India," Ary

JSW Group working on plans to make its own EVs, says Sajjan Jindal

JSW Group, which is in talks with MG Motor India to enter the EV space, is also working on a parallel plan to make its own electric vehicles, Chairman Sajjan Jindal said on Friday. Discussions are underway with MG Motor, Jindal said. "We are extremely serious about entering the EV space. MG would be our preferred choice. If it happens, otherwise we are also working parallely to develop our own EV cars," he said on the sidelines of B20 Summit India 2023. EV is an area where JSW Group must enter as it is the future and this is a good time to make foray into this space, Jindal said. In January, JSW Group Chief Financing Officer Seshagiri Rao had told PTI that manufacturing of electric vehicles was being discussed actively at the group level. The group was looking to manufacture electric four-wheelers, Rao had said. JSW Group has a significant presence in sectors like steel, energy, infrastructure, cement, paints, venture capital and sports.

Revolt Intellicorp returns Rs 50 cr claimed under FAME for flouting rules

Revolt Intellicorp, one of the seven companies accused of violating phased manufacturing programme guidelines under the Rs 10,000-crore FAME-II scheme, has repaid the subsidy claimed, along with interest, amounting to Rs 50.02 crore to the government. Joint Secretary in the Ministry of Heavy Industries Hanif Qureshi confirmed the repayment and said the ministry will give "a few weeks more" to six other companies found violating the Phased Manufacturing Programme (PMP) norms. He said while notices were issued to the firms after giving them a hearing, more time will be given as some of them maintain that they have not violated norms and will be required to submit documents validating their claims. Apart from Revolt Intellicorp, the six other companies found violating the norms were Hero Electric, Okinawa Autotech, Ampere Vehicles (Greaves Cotton), Benling India, Amo Mobility, and Lohia Auto. "We'll give them a few weeks more. Still giving them 2-3 chances in case they want to furnish

SMEV appoints Yulu Bikes co-founder R K Misra as new President for 2023-24

Society of Manufacturers of Electric Vehicles (SMEV) on Thursday said it has appointed R K Misra, Co-Founder of Yulu Bikes and Director at Magna Yuma, as its new President for 2023-24. The electric two-wheeler body also named Akshay Kashyap, Umesh Balani and Anadi N Sinha as Vice President, Secretary and Treasurer, respectively. Kashyap is Managing Director of Greenfuel Energy Solutions; Balani is Managing Director of Rotomag Group; Sinha is Director, Group Corporate Affairs at UNO Minda. Last month, SMEV had temporarily suspended its present constitution while appointing former BJP spokesperson Sanjay Kaul as its Chief Evangelist to help revise the agenda of the association. Kaul will continue in his role as Chief Evangelist.

Revolt repays Rs 50 crore to govt, PMP violators begin compliance

Last year, the MHI commenced an investigation into alleged PMP guideline violations based on whistleblower complaints

Tata Power, Zoomcar join hands to push electric vehicle adoption in India

The collaboration aims to promote Tata Power's EZ Charge points on the Zoomcar platform and will focus on supporting existing and aspiring EV owners along with Zoomcar's existing customers

Revolt Motors launches limited edition RV400 electric motorcycle: Details

The limited edition RV400 is available in stealth black colour and comes with high-end golden upside-down front forks

China's Xiaomi wins state planner nod to make EVs amid glut in autos

While NDRC's nod brings Xiaomi closer to mass production of EVs more than two years after it first announced the plans, the venture still needs clearance from the Ministry of Industry and Information

Fanuc Corp's road to redemption runs through India and the US Fed

India is looking hot, though. Revenue growth at its wholly owned Fanuc India Private Ltd. doubled over the past two years, according to data filed with the Ministry of Corporate Affairs

Freezing out ICE

EVs have a long way to gain traction

Logistics operator Maersk plans to add 300 EVs to its fleet in India by Oct

Global integrated logistics operator Maersk on Monday said it is planning to add more than 300 electric vehicles to its fleet in India by October. Maersk has already deployed over 200 Electric Vehicles (EVs) across 15 cities in the country, and is planning to expand to another 11 cities, taking its overall EV fleet to over 500, the company said. The company plans to be net-zero across businesses and provide customers 100 per cent green solutions by 2040. In September last year, the company unveiled its three-wheeler and four-wheeler EVs in Mumbai, which was followed by the rollout in the National Capital Region. Maersk said it has recently tied up with a large e-commerce platform in India to support its distribution requirements with a dedicated fleet of EVs that range in the capacity of 550-700 kg with a driving range of over 120 kilometres. India is a large market with a constantly growing demand for distribution logistics, Maersk South Asia Managing Director Vikash Agarwal ...

Electricity usage by EVs in Maha rises to 14.44 mn units in July: MSEDCL

The power usage for electric vehicles (EVs) rose more than three-fold from 4.56 million units in September last year to 14.44 million units in July 2023, the Maharashtra State Electricity Distribution Company Limited said on Monday. State-run MSEDCL, also called Mahavitaran, is the nodal agency for providing charging stations for EVs, as well as other works like helping the private sector come up with such infrastructure, and assisting the government in policies regarding the sector, an official release said. Quoting MSEDCL CMD Lokesh Chandra, the release said the power usage for EVs in Maharashtra was 4.56 million units in September 2022, which rose to 6.10 million units in March and further to 14.44 million units in July this year. The sale of power for EVs took place from 3,214 public and private charging stations statewide, it said, adding that the sale of EVs in Maharashtra increased from 4,643 in 2018 to 1,89,698 in 2022 and 2,98,838 as on March 31 this year. Two-wheelers ...

Tata Sons seek partnerships for UK battery plant to supply JLR EVs

The collaborations for the battery plant, capable of supplying cells for at least 500,000 vehicles a year, could range from a joint venture and sharing of knowledge to experimentation