Page 83 - Electric Vehicles

Govt may bring incentive scheme to push R&D in auto component sector

Auto industry is investing in R&D, more needs to be done, especially as the pace of electrification accelerates

Delhi govt to allow diesel, petrol vehicles to be converted into EVs

The process of converting internal combustion engine (ICE) vehicles into an EV involves changing the original engine and other related components and installing a new alternative powertrain

Development of sustainable mobility ecosystem need of the hour: PM to Siam

PM Modi also said that India's auto industry has been both a catalyst as well as a beneficiary in its value-creation cycle

India charges ahead on the global electric vehicle map, shows Gartner data

Electric buses and vans will record 0.2 million shipments each in 2023, according to the forecast for this year

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'