Page 93 - Electric Vehicles

Hyundai, Shell sign MoA to expand charging network for electric vehicles

The two companies signed a Memorandum of Agreement at Hyundai's headquarters in Gurugram, Haryana in the presence of their senior management

Electric scooter companies divided on impact of FAME II subsidy cutback

However, premium electric scooter players feel that the market will consolidate with the premium end dominating the play

Senior executives at Bhilai Steel Plant to get EVs in Chhattisgarh

The EVs will be replacing petrol-driven vehicles

Top Toyota scientist warns against ditching gasoline too soon ahead of G7

While Toyota and other Japanese carmakers pioneered hybrid technology, they have been slow to ramp up EV output

Top headlines: India EV penetration at 1.1%, RBI surplus to surpass targets

Business Standard bring you top news at this hour

Stakeholder consultation for next phase of Delhi EV policy on May 24

The Delhi government has begun work on drafting a revised electric vehicle (EV) policy for the national capital, since the existing one will expire in August. The Delhi EV Cell of the Transport Department will hold a stakeholder consultation on May 24 for the second phase of the policy, in collaboration with Climate Trends. The consultation aims to bring together stakeholders, international sectoral experts and academicians to share achievements, learnings and experiences, and make recommendations towards the development of the next phase of the policy, according to its website. The Delhi EV policy -- introduced in August 2020 -- aims at increasing the EV share in total vehicle sales to 25 per cent by 2024. According to official data, over 1.12 lakh EVs have been sold under the policy.

EV penetration: At 1.1%, India is far behind Asian average of 17.3%

The countries covered in the region include China, Japan, South Korea, India, Indonesia, Malaysia, the Phili­ppines, Singapore, Thailand, Vietnam, the greater China region, and Pakistan

Govt plans to increase outlay for e-2-wheelers under FAME II scheme

The Heavy Industries Ministry is planning to increase the outlay for e-two-wheelers from the current level of Rs 2,000 crore under its flagship FAME-II scheme and reduce the subsidy per vehicle. There is no proposal at present for an extension of FAME-II beyond March 2024 or introduction of FAME-III, the official said on the condition of anonymity. A stakeholders' meeting with 24 electric two-wheeler OEMs registered under FAME-II was called on Tuesday and the consultation reached a consensus that the demand incentive may be kept at Rs 10,000 per kWh of battery capacity, along with a cap of 15 per cent of the ex-factory price from 40 per cent at present, the official said. A proposal in this regard will be placed before the Programme Implementation and Steering Committee (PISC), which is an empowered panel to effect changes in the Rs 10,000 crore FAME-II Scheme shortly, the official added. Speaking on the issue, Union Minister of Heavy Industries Mahendra Nath Pandey said that as th

FAME-II subsidy on EVs cut to Rs 10,000/KWh, max 15% of ex-factory price

Move comes as outlay for E2Ws was about to get exhausted months before scheme's Mar 2024 deadline. Govt has already disbursed subsidies to 80% of targeted one million E2Ws under the scheme

Tesla plans to build EV plant in India for domestic sales, exports

Senior Tesla executives are in India this week to meet the government to discuss local sourcing of parts and other issues, Reuters reported on Tuesday

Hyundai ties up with Shell to install 60 kW fast chargers at 36 dealerships

Hyundai Motor India on Wednesday said it has tied up with Shell India to install 60 kW fast chargers across 36 of its dealerships in the country. The company has signed a memorandum of agreement with Shell India Markets Pvt Ltd in this regard, the automaker said in a statement. The strategic partnership aims to increase the expansion of charging infrastructure for battery electric vehicles in the country, it added. "Such strategic partnerships are fundamental in accelerating the adoption of electric vehicles by customers to achieve the national goal of carbon neutrality," Hyundai Motor India MD & CEO Unsoo Kim said. Hyundai currently has an existing network of 72 electric vehicle dealers in 45-cities. Shell India Director Sanjay Varkey said the strategic partnership with Hyundai aims to improve the charging infrastructure for battery electric vehicles in India by offering easy access and dynamic availability for a safe, reliable, and seamless charging experience.

Will India be an all-electric or a hybrid market for Toyota Motor?

Green mobility drives Toyota's India plans: With 10 pure electric cars planned by 2026 in its global portfolio, the world's largest car maker hopes to move beyond its SUV mainstays in the country

Kia to build new electric vehicle plant in Mexico, likely to invest $1 bn

Hyundai Motor and Kia aim to sell around 2 million and 1.6 million all-electric vehicles, respectively, by that year

Senior Tesla executives to visit India this week in pivot beyond China

The executives are scheduled to meet govt representatives including those from the office of Prime Minister Narendra Modi to discuss local sourcing of components for Tesla's models

India ripe target for EV companies but domestic take up slow: Report

India is a ripe target for electric vehicle firms as the third-largest auto market in the world but due to slow domestic takeup, no Indian company is likely to have a meaningful global share of electric vehicles in the foreseeable future, according to a report by S&P Global Ratings. Asia is set to keep its place as the world's biggest producer of, and market for electric vehicles (EVs), EV batteries, and EV battery materials and the continent will be at the centre of the EV era, it said. "As the world's third-largest auto market, India is a ripe target for EV firms. Sales of EVs more than doubled last year in the country. This was, however, off a low base. EV sales represented less than 2% of the total light-vehicle sales in the last 12 months," the report said. Moreover, it said 90 per cent of the EVs in India are in the two- and three-wheeler segment. "While there is strong growth potential, the development of adequate charging infrastructure will be key to EV adoption. Given ...

Electric E2W manufacturer Hero Electric to go public by FY26: CEO

To target 2 million vehicle sales before listing

Ola Electric expanding fast, to cross 1,000 experience centres this year

As part of that strategy, the SoftBank-backed electric vehicle company on Saturday opened its 500th experience centre (EC) in Srinagar, Jammu & Kashmir

Volvo Car AB says software issues will delay output of flagship EV

Output of the EX90 is now expected to begin in the first half of 2024, Volvo said Thursday

Delhi to get more EV charging stations, battery swapping facilities

The NDMC is planning to increase the number of EV charging stations in Lutyens' Delhi and even provide battery swapping facilities at some of these points, a senior official said on Wednesday. With Delhi being among the most polluted capitals in the world, the New Delhi Municipal Council (NDMC) has been making a push for electric vehicles to nudge residents to opt for cleaner vehicle options. There are around 100 electric vehicle (EV) charging stations across the national capital at present and this would be the first time that some of them would have battery swapping facilities, which is quite prominent in Western countries, he said. The official said the aim is to provide easy accessibility to charging stations and to save time by providing swapping facilities. This will give a major push to EVs in the city. Various PSUs, including the Rajasthan Electronics and Instruments Limited (REIL) and the Kerala State Electronics Development Corporation Limited (KELTRON), have approached t

Hyundai signs deal with Tamil Nadu for Rs 20,000 cr investment in EV space

Car manufacturer will set up battery pack assembly unit with an annual capacity of 178,000 units