Page 4 - Ev Market India

DAEWOO plans India comeback in new avatar, to launch electric bikes, cycles

The company is entering the market for the second time as it is confident of India's robust economic growth and surging consumer demand

Delhi govt may incentivise vehicle retrofitting under EV Policy 2.0: Gahlot

Delhi Transport Minister Kailash Gahlot on Thursday said the Electric Vehicles Policy 2.0 will look at incentivising retrofitting of vehicles considering its high cost. In an interview to PTI, the minister said that since the new policy is in the works, they will extend the existing policy by six months or until the new one is ready. The Delhi Electric Vehicles Policy-2020 expired on August 8 this year and the government had said that the subsidy being given under it would continue till a new policy gets notified. "We are moving a cabinet note and within this week it should be finalised. The existing policy will be extended for six months or until the new policy is notified," he said. Talking about the new policy that is in the works, the minister said the one thing that they will look at is the concept of retrofitting. "People want to convert their IC (internal combustion) engines into electric ones. The process is expensive. For converting a normal Gypsy, it takes almost Rs 5-6

Foxconn CEO Young sees India as new manufacturing hub of the world: Report

Foxconn CEO and Chairman Young Liu says India has the capacity to build the ecosystem required to become a manufacturing hub faster than China

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

Need for subsidy to come down as manufacturing gains scale: Nitin Gadkari

In the backdrop of Elon Musk-owned Tesla stepping up its India engagement, Gadkari said he was hopeful of Tesla entering the country

Orxa Energies inaugurates new facility ahead of electric bike launch

The announcement comes ahead of the launch of Mantis, the company's flagship electric performance motorcycle. It is expected to be available for bookings by the end of this year

Centre planning to stop subsidies of firms found violating FAME-II norms

Companies may be debarred from availing subsidy under FAME-II and also return the subsidy availed on the sale of vehicles in the last 15 months

Japan-based Musashi forays into Indian EV market with Rs 70-cr investment

Musashi will collaborate with BNC Motors for expansion into the EV market

Centre to come up with a master app to check EV charging stations near you

The users will be able to discover the nearest EV charging station, book a slot in advance and make payments through the app

Tesla's U-turn on India in search for new EV manufacturing destination

With plans to import and sell cars off the table, Elon Musk's flagship is exploring the challenging prospect of an assembly plant for a cheaper electric vehicle

FAME and fortune

Controversy highlights hazards of subsidy-led manufacturing

Volvo may set up its new EV manufacturing facility in India: Report

Volvo, in 2022, had announced its plans to expand its certified used-car business across India by early 2024

China's BYD plans India push, eyes 40% of world's 4th-biggest auto market

India's switch to electric vehicles is lagging behind other countries such as China and the US, hampered by high upfront costs and a lack of charging infrastructure

Between FAME and fortune, EV players worried about their investments

The prospect of the government withdrawing its signature scheme after the March 2024 deadline is likely to hurt dozens of start-ups that rode in on the back of subsidies

EV makers optimistic about delivering fire-proof experience to riders

As India goes ballistic on the electric vehicle (EV) adoption, the real test of EVs, especially two-wheelers, will happen again with the onset of summer next year

EV maker Avon Cycles denies allegations over misappropriation of incentives

India's Avon Cycles Ltd has denied any wrongdoing in a scheme granting subsidies to vehicle manufacturers to boost the sale of electric vehicles (EV)

Ather Energy, Greaves Cotton exit EV association SMEV, choose Siam

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol

TMS Ep317: EV batteries, WhatsApp UPI, Markets, Participatory notes

Can India become a global EV battery player? Is it the end of WhatsApp's UPI ambition? Will RBI policy and Gujarat polls sway markets? What are participatory notes? All answers here

Can India become a global EV battery player?

Given the capital-intensive nature of the EV sector, Indian firms will have to grab a share of the global battery demand pie to turn a profit. Can Indian industry succeed in this ambitious venture?

iVOOMi introduces new variants of electric 2-wheeler with increased speed

EV company iVOOMi Energy has introduced new variants of e-scooters for its model S1 with increased speed for consumers in India