Page 91 - Electric Vehicles

After Centre's demand, Tesla agrees to set up vendor base in India: Report

After relocation to India, vendors will be required to form joint ventures with Indian companies as India does not support 100% Chinese investments post-2020 Galwan clashes

MRPL shelves plans of refinery expansion to focus on chemicals bet

A shifting energy landscape primarily driven by the uptake of electric vehicles has prompted MRPL to focus its efforts on increasing output of chemicals that can be used for plastics and paints

Simple Energy begins delivery of e-scooter Simple ONE in Bengaluru

Electric vehicle maker Simple Energy has started delivering its first e-scooter Simple ONE to its customers in Bengaluru on Tuesday, almost 22 months after its unveiling. The company unveiled its maiden offering on August 15, 2021, but launched it officially on May 23 this year at Rs 1.45 lakh (ex-showroom), around Rs 35,000 higher than the price it had announced at the time of pre-bookings. Announcing the commencement of deliveries in a statement on Tuesday, the company said it plans to facilitate deliveries in a phased manner starting from Bengaluru. "We have commenced the deliveries of the Simple ONE, starting with customers in Bengaluru. We have created a holistic product that is both sustainable and an efficient transportation option for our customers," Suhas Rajkumar, Founder and CEO of Simple Energy, said. The company said it is working closely with authorised dealers to ensure timely deliveries and efficient after-sales support and it plans to expand its retail footprint to

India to have 87% EVs by 2047 with policy boost: FICCI-YES Bank report

For cost alleviation and investment drive, the report suggests demand incentives till significant xEV penetration and emissions-based taxation, while also creating credit pathways for financing xEVs

Tesla recalls nearly 140 Model Y EVs over serious steering wheel issue

Elon Musk-run Tesla has recalled 137 Model Y electric vehicles (EVs) in the US in response to an issue with the fastener for the steering wheel.

EV startup River raises $15 mn in funding round led by Dubai's Al Futtaim

Bengaluru-headquartered EV startup River on Tuesday said it has raised USD 15-million capital in a funding round led by Dubai-based Al Futtaim Group. Besides, other investors including Lowercarbon Capital, Toyota Ventures, Maniv Mobility, and Trucks VC also participated in the investment round, River said in a release. The fresh capital infusion will help the company boost its manufacturing capabilities and also in the upcoming market launch of its maiden product -- Indie. "River raised a USD 15 million investment round led by Dubai's multinational powerhouse, Al Futtaim Group," River said in the statement. The diversified group has five operating divisions -- automotive, retail, real estate, healthcare, and financial services -- spread across over 20 countries, as per the statement. This is the third fund raised by the startup founded by Aravind Mani and Vipin George in March 2021, following a USD 2-million seed round in March 2021 and a USD 11-million Series A round in July ...

India to offer $455 mn in incentives for battery storage projects: Report

The scheme is intended to boost battery storage projects critical to India's ambitious plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030

Vedanta deploys Volvo electric off-road machines at its iron ore mines

Vedanta Iron Ore Karnataka (IOK) will deploy Volvo's electric off-road machines at its mines in Chitradurga on a trial basis

Ola Electric likely to cross $1 billion revenue-mark: CBO Ankush Aggarwal

The firm is leading in the electric two-wheeler segment and has sold over 35,000 units in May. Riding on its highest-ever monthly sales in May, Ola has captured a market share of over 30 per cent

Climate tech push: EV start-ups set to power India's next unicorn club

Corner a hefty chunk of investments despite ongoing funding winter; at present, Ola is the only unicorn among 970 homegrown enterprises in the EV space

Tata Group signs Rs 13,000-crore EV battery plant deal with Gujarat

Initial capacity of Sanand factory could be 20 GWh

Weekend Bites: Electric shock on two wheels, and why Musk is no absolutist

In which we munch over the week's platter of news and views

Tata Motors total sales decline YoY, electric cars give firm a boost

Tata Motors sold 74,973 vehicles in May 2023, down 2 per cent year-on-year (YoY) as the automaker made gains in the electric cars (EV) market

EV firms need 13 mn sq ft real estate space by 2030 to meet output target

Electric vehicle manufacturers will need around 13 million square feet of real estate space by 2030 to make targeted 23 million units of two-wheelers and 4 million units of four-wheelers, according to CBRE. Real estate consultant CBRE South Asia released a report, 'Electric Vehicles in India - New Wheels on the Roads', on Thursday that focuses on the trends, growth, and influence of electric vehicles (EVs) on the real estate sector in India. "Real estate requirements of manufacturing facilities of 4-wheeler and 2-wheeler (4W and 2W) electric vehicles is estimated to be around 13 million square feet by 2030 as a result of the government's EV adoption targets," it said. Moreover, EV battery manufacturing facilities would require 2,400 acre of land to accommodate the production of 200 GWh of batteries by 2030. By 2030, this real estate requirement will allow a production capacity of about 4 million units of 4Ws and 23 million units of 2Ws. The Indian EV market is expected to grow at

FAME II subsidy impact: TVS revises IQube prices by Rs 17,000-20,000

Ola Electric, Ather Energy have reportedly slashed prices too after the government revised support programme

E2W firms look to rejig prices and features to cope with subsidy cut

Of the 300-odd e2W makers in India, 28 were registered on the FAME portal.

Jaguar recalls I-Pace electric vehicles due to fire risk in batteries by LG

Jaguar is recalling more than 6,000 I-Pace electric SUVs in the US due to the risk of the high-voltage battery overheating and catching fire. The recall is the latest in a series of electric vehicle battery recalls because of the potential for fires. Documents posted on Wednesday by the US National Highway Traffic Safety Administration say the recall covers all of the SUVs from the 2019 through 2024 model years. The documents say the vehicle batteries were made by LG Energy Solution, which is under investigation by the NHTSA after five automakers issued recalls due to possible defects that could cause fires or stalling. The NHTSA opened the probe in April of 2022 covering more than 138,000 vehicles with the South Korean company's lithium-ion batteries. General Motors, Mercedes-Benz, Hyundai, Stellantis and Volkswagen have issued recalls since February of 2020, most due to internal battery failures that can increase the risk of fires. The agency says it will write to LG and other

Delhi to get 1,500 electric buses by end of 2023; says Kailash Gahlot

The minister further added that three bus depots- Rajghat, Mundela Kalan, and Rohini Sector 37 are already operational with charging and parking facilities for electric buses

Battery startup Log9 Materials signs MoU with EV maker Quantum Energy

Battery-tech startup Log9 Materials on Tuesday announced signing a Memorandum of Understanding (MOU), with Hyderabad-headquartered electric vehicle maker Quantum Energy for a long-term strategic partnership in the EV space. As a part of this collaboration, the two companies also jointly unveiled a two-wheeler commercial electric vehicle (CEV)-- 'Bzinesslite-- powered by Log9's RapidX 2000 batteries, enabling it to go zero to zip within 12 minutes, Log9 Materials said in a release. Going forward, both Log9 and Quantum Energy will be working hand-in-hand to deploy 10,000 InstaCharged two-wheelers for a wide variety of use-cases, including e-commerce, food delivery, courier services, among others, in the domestic last-mile logistics sector, pan-India by March 2024, it said. The joint initiative is going to be kicked off soon by deploying 200 Bzinesslite e-2Ws in Hyderabad through Whizzy Logistics a logistics fleet service provider enabling hyperlocal deliveries, it stated. * * * *

Wardwizard inks pact with Dogra Regiment to offer upskilling opportunities

Wardwizard Innovations & Mobility has inked an initial pact with the Dogra Regiment of the Indian Army to provide 'Agniveers' and other retired army officers specialised skill development and upskilling opportunities in the EV space. The Vadodra-headquartered electric two-wheeler, in a statement, also announced setting up an EV Centre of Excellence for skill development of defence personnel at Dogra Regimental Centre in Ayodhya Cantt (Faizabad). Equipped with technical equipment -- including part display tables, low-speed scooters, battery and charging facilities, chargers and e-rickshaws -- the facility will serve as a hub for immersive learning and hands-on experience, Wardwizard Innovations said. As part of the Enable to Empower project, Wardwizard Innovations, in partnership with the Dogra Regiment, will conduct an immersive 5-6-day training workshop for select retired officers/personnel. The training programme is meticulously designed to equip participants with the necessary .