Page 93 - Electric Vehicles

FAME-II subsidy block: SMEV reaches out to govt for Rs 3K-crore rehab fund

The industry body has maintained the subsidies withheld and due to various electric two-wheeler (E2W) manufacturers amount to over Rs 1,200 crore

BluSmart places order for 500 units of MG's ZS EV electric vehicle

The move comes as BluSmart intensifies its battle against Uber Technologies Inc and Ola Cabs

As lithium prices head north, salt might soon end up powering EV's

"Sodium-ion batteries are an alternative technology that can release some pressure on lithium's complex and growing supply chain"

Hero MotoCorp to drive in mid, budget-range EVs in FY25: CEO Gupta

Will launch an ICE premium motorcycle in every quarter of FY24, says CEO

Tata Motors looking to increase localisation of electric vehicles to 85%

The group has outlined an investment of Rs 13,000 crore to set up India's first lithium-ion cell manufacturing giga-factory in Gujarat last week

RAMP Global inks partnership with Hala Mobility to foray into EV biz

RAMP Global, a cloud-based ecosystem for automotive aftermarket services, has inked a strategic partnership with Hala Mobility to foray into the electric vehicles' maintenance, management, leasing and tracking business. As part of this collaboration, RAMP will automate Hala's complex backend operations for maintaining an EV fleet of approx 15,000 vehicles, bringing in improvement in operations and enough growth opportunities, the company said in a statement. The company said the tie-up is its first move that aims to drive efficiency and reliability of solutions for EV adoption as a clean mobility alternative. RAMP provides comprehensive automotive aftermarket solutions for enterprises operating large fleets, extending their expertise to electric vehicles. "Our solutions are capable of handling any kind of fleet including two, three and four-wheelers, commercial vehicles and construction equipment fleet. We already manage more than three million fleet on our platform. We are now ...

EV battery manufacturing will require 2,400 acres of land by 2030: CBRE

The EV market is expected to cross annual sales of 17 million units by 2030; Uttar Pradesh and Maharashtra lead the charging infrastructure manufacturing in India

Govt to prepare public transport policy with focus on electric vehicles

India has set ambitious targets of making 30% and 70% penetration in private and commercial mobility respectively by 2030

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