Page 7 - Ev Market

Will increase production to meet demand, deliver 120K EVs: Xiaomi

In China, Xiaomi's largest market for its smartphone business, shipments rose 8.6%

Kia EV3 SUV debuts with OpenAI's ChatGPT-based AI voice assistant: Details

The Kia EV3 SUV is the company's first electric vehicle to feature an artificial intelligence powered voice assistant, backed by OpenAI's ChatGPT

China's EV maker Nio strikes deal with larger rival BYD to source batteries

Nio currently buys most of its batteries from industry-leader CATL

Why is Elon Musk's Tesla Inc. suing Gurugram-based Tesla Power India?

American EV manufacturer has lodged a complaint with the Delhi High Court against Gurugram-based Tesla Power India for violating its trademark

Maruti Suzuki India plans to sell 2 million vehicles this fiscal year

The company, which is launching the new generation Swift and Dzire models later this year, is hoping to boost overall sales volume

Here's why China's EV market and BYD show the future is already here

Battery metals such as lithium, nickel and cobalt are down by, respectively, 80%, 30%, and 25% over the past year

Smartphone giant Xiaomi begins assault on Tesla, $200 bn EV market in China

Billionaire co-founder Lei Jun has called the challenge his final major endeavour, testing Xiaomi's ability to crack a crowded market for a second time with its technological capabilities

India approves new EV policy in boost to Tesla's market entry plans

New policy mandates companies to invest a minimum of $500 million in the country and will allow them three years to set up local manufacturing for EVs

Skoda Auto plans to enter mass market of electric vehicles segment in India

Czech carmaker Skoda Auto plans to enter the mass market of electric vehicles segment in India, for which it is exploring all options, including partnerships with local companies for economies of scale, company's management board member Martin Jahn said on Wednesday. The company is gearing up to enter the electric vehicles segment in India this year and is currently testing its premium electric SUV Enyaq. "We are exploring all the options. I am not at liberty to give you any details on this because no decision has been made. We are looking at everything we want to bring volume electric car to India," Jahn, who is the member of the Board of Management for Sales and Marketing Skoda Auto, said here in an interaction. He further said, "How and when we are going to do it, we do not know yet. We are looking at the options that would be the best for India. But we of course want to participate in the growth of the electric (vehicle) market in India." When asked if Skoda Auto is looking fo

India's EV revolution is spreading from auto rickshaws to motorbikes

The place where road transport is shifting most rapidly to battery power isn't Oslo or Shenzhen, but Delhi. E-rickshaws took a 54% share of India's three-wheeler market last year

Exicom Tele-Systems IPO to raise Rs 429 cr; sets price band at Rs 135-142

EV chargers maker Exicom Tele-Systems Ltd on Thursday said it has fixed a price band of Rs 135-142 per share for its Rs 429 crore Initial Public Offering (IPO). The initial share sale will be open for public subscription during February 27-29 and the bidding for anchor investors will open for a day on February 26, the company said. The maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares worth Rs 100 crore, at the upper end of the price band, by promoter NextWave Communications. At present, NextWave Communications holds a 76.55 per cent stake in the company and HFCL, part of the promoter group, owns 7.74 per cent shareholding. Overall, promoters hold 93.28 per cent stake in Exicom Tele-Systems. Proceeds of the fresh issue will be used towards setting up production lines at the manufacturing facility in Telangana, investment in R&D as well as product development, and ...

Hybrid vehicles seen racing ahead in auto battle on possible tax sop

Hybrids, which combine a battery with an internal combustion engine (ICE), usually petrol, are cheaper and suffer no range anxiety while boosting the overall fuel efficiency.

Budget 2024: What did FM Nirmala Sitharaman say on green mobility and EV

The Centre proposes mandatory blending of natural gas for transport, building a strong electric vehicle ecosystem and encouraging entrepreneurship among youth in the Interim budget 2024 speech

BYD pulls ahead as world's biggest producer of battery passenger cars

After a $12 billion selloff during November, BYD is as cheap as it has been going back to the start of 2010, despite 31 out of 32 analysts putting a Buy rating on the stock

EV golf car service begins in Ayodhya ahead of Ram Mandir inauguration

According to the government's press release, the operation of e-vehicle transport service has also started between Lucknow and Ayodhya

Electric buses penetration set to double to 8% next fiscal: Report

Despite the lingering counterparty risks and poor availability of charging stations, the share of electric buses (e-buses) is set to double to 8 per cent next fiscal, driven by supportive policy measures and favourable ownership costs, says a report. Citing the government focus on overall decarbonisation with the primary thrust being public transport as the main enabler along with favourable total cost of ownership, a Crisil Ratings report on Monday said this will drive the sales of e-buses in overall bus sales which is on course to hit 8 per cent of the new sales next fiscal from around 4 per cent this fiscal. Concerted efforts are underway to deploy e-buses via tenders already awarded under the faster adoption and manufacturing of (hybrid and) electric vehicles or the Fame scheme and the national electric bus programme (NEBP). When it comes to favourable total cost of ownership of an e-bus compared to internal combustion engine and compressed natural gas buses, the report credits

Kia India eyes 10% growth in sales volume next year: MD & CEO Tae-Jin Park

Park, however, anticipates the overall domestic passenger vehicle (PV) sales in the industry to stay "flat" in 2024, as demand primarily exists for sport utility vehicles (SUVs)

Okaya to partner with IOC to install over 2,500 EV chargers across India

Okaya EV Chargers plans to set up 2,550 electric vehicle chargers across India in collaboration with Indian Oil Corporation (IOC) at an investment of Rs 125 crore, the company said on Tuesday. As many as 362 such chargers have already been installed in over 20 states in a step towards bolstering the electric vehicle infrastructure in the country, according to Okaya EV Chargers. The chargers being set up comprise a diverse range of high-and low-voltage options, including 3.3-kw and 7.4-kw chargers, 30-kw wall-mounted CCS (combined charging system) 2 DC fast chargers, as well as 60-kw CCS2 DC fast chargers, the company said. "This partnership aligns with our vision of creating a sustainable ecosystem for electric vehicles in India. Our advanced charging solutions will empower EV users with convenient and efficient charging options, said Anshul Gupta, Managing Director at Okaya EV Chargers. The total investment for this initiative is pegged at Rs 125 crore, reflecting the substantial

Own an electric car? There is now an add-on cover for your car's batteries

The insurance add-on launched for private cars, covers expenses incurred in the repair/replacement of the batteries and any associated charges due to unexpected power surges while charging

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