Page 94 - Electric Vehicles

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 .

Deadline nearing, only 41% of Centre's FAME II scheme target met so far

As the government plans no further extension of the scheme beyond FY24, the task is to achieve the unfinished target of subsidising 914,707 EVs

Nearly half of FAME electric 2-wheeler sales based on false claims: Report

An investigation done by ARAI found several firms depending on imports for key parts such as electric motors, controllers, and onboard chargers

WardWizard Innovations partners with iCreate to mentor EV startups

Gujarat-based electric two-wheeler maker WardWizard Innovations & Mobility on Monday announced stitching a strategic partnership with start-up incubator iCreate to mentor and fund promising EV startups in the country. Through this partnership, EV makers will facilitate active mentorship for entrepreneurs at iCreate's campus in Ahmedabad to enhance subject matter expertise and further their technological innovations for the accelerating EV industry, WardWizard Innovations & Mobility said in a statement. The collaboration is aligned with the Government start-up India program, which seeks to support entrepreneurs in building a robust start-up ecosystem and transforming India into a country of job creators, it stated. Through our partnership with iCreate, we are looking to foster the exchange of ideas with promising startups and help them with our market knowledge and experience to understand the industry better, said Yatin Gupte, Chairman and Managing Director, WardWizard ...

Conventional 2W makers take prime spot in EV sales, courtesy Bajaj, TVS

Ola has said it is ramping up its two-wheeler capacity from 500,000 to 2,000,000 with incremental investment

Ambani-backed EV maker aims to raise $85 mn, seeks $359 mn valuation

The company, which counts billionaire Mukesh Ambani among its backers, is seeking a valuation of around $350 million in the new round, said one of the people

Greaves Cotton sinks 10% as govt seeks to remove EV arm from FAME-2 scheme

The govt said that Greaves Electric Mobility failed to adhere to Phased Manufacturing Programme guidelines, hence it will need to return the subsidy of about Rs 124 cr claimed under the FAME-II scheme

Global EV market reaches 11 million units in 2022, China's BYD leads

The global electric vehicle (EV) market reached 11 million units last year with a penetration rate of 14 per cent, as more countries double down on electrification, connection, autonomous driving

Zypp Electric to deploy 200K vehicles in its fleet, invest $ 300 mn

Startup electric mobility services provider Zypp Electric is targetting to deploy 2 lakh vehicles in its fleet in the next three years and will need up to USD 300 million to fund its expansion, according to company CEO and co-founder Akash Gupta. The company, which is planning to enter new cities like Mumbai, Pune and Hyderabad is targeting a revenue of Rs 500 crore this year, up from Rs 125 crore last year. "For us, the expansion is that today, we have 13,500 (vehicles in the fleet). How fast we can get to 2,00,000 is what we have to go for. We are doing those partnerships, we are building that tech, we are building that team of R&D and to do this in multiple markets," Gupta told PTI. When asked for the timeline for reaching a fleet size of 2 lakh, he said it would be in three years. Zypp, which serves e-commerce and food/grocery delivery players like Swiggy, Zomato, Amazon, Myntra, Delhivery and PharmEasy, among others, is currently present in Delhi-NCR and Bengaluru. "We are ..

Tesla Model Y becomes 1st EV to earn world's best-selling car tag

The 2023 Model Y starts at $47,490, considerably more than the 2023 Corolla ($21,550) and RAV4 ($27,575), said the report

Tesla Superchargers may become the standard for EV charging: Ford CEO

Farley told CNBC that General Motors and other automakers are going to "have a big choice to make" in selecting between Tesla's EV chargers and the Combined Charging System

Investments in green energy now 70% higher than in fossil fuels: IEA

The Paris-based agency said that the war in Ukraine has accelerated momentum behind the deployment of clean energy technologies

NDMC gives green flag to setting up EV charging stations in Lutyens' Delhi

New Delhi Municipal Council on Wednesday approved the setting up of more EV charging stations in Lutyens' Delhi to promote eco-friendly transport, according to an official statement. The NDMC had a council meeting during which they approved a project for revamping the sub-transmission and distribution network to improve the quality and reliability of power supply to consumers and to ensure a financially and operationally efficient distribution sector. "The Project for revamping of Sub-Transmission & Distribution Network including feeders, distribution transformers and boundary metering under reforms-based and result linked, revamped distribution sector scheme (RDSS) for the NDMC area was approved by the council," the NDMC said in a statement. The benefits of the project include a reduction of technical and commercial losses from existing above 15 per cent to below 12 per cent, improved infrastructure of distribution company, reliability of power supply, reduction in outage time ...