ELECTRIC VEHICLE
Ather Energy, Google collaborate to give real-time information on 2-wheeler fast charging stations
Ather Energy has teamed up with Google to offer real-time data on fast charging stations for electric two-wheelers, the company announced Wednesday. Users can locate 'Ather Grid' fast chargers via Google Maps with live status updates. This move aims to encourage the broader adoption of electric vehicles in India, with 1,973 chargers already available nationwide.
Hyundai to double hybrid lineup; announces $3 billion buyback
Hyundai Motor Co. plans to double its hybrid car lineup amid slowing demand for pure electric vehicles and has announced a 4 trillion won share buyback to boost investor returns. The company will increase its hybrid models to 14 and maintain its target of selling 2 million EVs annually by 2030.
Canada slaps 100% tariffs on Chinese electric vehicles
Prime Minister Justin Trudeau introduced significant tariffs on Chinese electric vehicles and steel and aluminum products to counter state-subsidized imports. The measures include a 100 percent tariff on EVs starting October 1 and a 25 percent surtax on steel and aluminum from October 15, aiming to foster fair trade practices and protect Canada’s green transition.
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles
Canada announced a 100% tariff on Chinese-made electric vehicles and a 25% tariff on Chinese steel and aluminum. Prime Minister Trudeau's move aims to address China's unfair global market practices. The decision aligns with recent actions by the US and EU, ensuring Canada does not become a dumping ground for Chinese oversupply.
Auto Inc seeks policy boost for faster transition to green vehicles
India's adoption of electric and hybrid vehicles is significantly lower than China's, with EV penetration at 2.5% compared to China's 49%. Experts recommend incentivising plug-in hybrid electric vehicles (PHEVs) to address economic and infrastructural barriers. Major automakers support this strategy as a vital step towards promoting cleaner mobility solutions.
Lower taxes needed to help grow luxury EV segment: Audi India
Balbir Singh Dhillon, head, Audi India, said while the company is considering introducing more electric car models in the domestic market, and exploring the possibility of assembling them locally, policy continuity is required to make investments viable. He emphasised that subsidies are needed to drive growth in the EV segment, "till the time we reach a decent penetration level".
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Centre charges up EV space with PLI approvals
The approvals on Wednesday are likely to help the companies partially offset losses they are incurring in manufacturing EVs due to low volumes currently. Among the companies, Bajaj Auto is the sole automaker to get approvals for all the 13 applications filed for its electric scooter Chetak and three-wheelers.
Audi India bats for reduced GST of 5% on EVs till penetration in luxury vehicles reaches 50%
India currently levies GST of 5%, plus cess, on hybrids. The tax incidence on hybrid vehicles in the country totals 43%, while battery electric vehicles attract a tax of about 5%.
IKEA plans to increase the EV fleet used for good deliveries by 40% by 2024-25
IKEA announced intentions to increase its fleet of electric delivery vehicles by 40% by 2024-25, aiming for greater sustainability in its supply chain. Already utilizing 200 EVs in cities including Bangalore and Hyderabad, the company plans to adopt an EV-first approach in new markets such as Delhi NCR, set to launch in 2025.
Ford slows EV plans, delaying pickup and axing three-row SUV, to cut costs
Ford reshuffled its electric vehicle plans, cancelling its three-row SUV and delaying its new pickup, emphasizing pickups and commercial vans. Ford aims to cut costs, focusing on hybrid vehicles and bringing affordable EVs to market. They will relocate battery production to meet U.S. incentives and lower costs.
Tesla to recall more than 9,000 Model X SUVs, NHTSA says
Tesla is recalling 9,136 Model X SUVs because the roof trim might detach, posing a potential road hazard. This recall stands out as Tesla usually addresses issues through software updates. The company has pledged to reattach the trim at no cost to owners. Earlier this year, Tesla had recalled nearly 2.6 million vehicles for various safety concerns.
Tata Motors ties up with two firms to expand charging infra for electric CVs
On Wednesday, Tata Motors revealed its partnership with Delta Electronics India and Thunderplus Solutions to install 250 new fast-charging stations for electric commercial vehicles in over 50 cities, including Delhi, Mumbai, and Bengaluru. This initiative aims to enhance the country's charging infrastructure, encouraging more commercial EV adoption and fostering a greener environment.
Ultraviolette elevates Vinayak Bhat as chief product officer
Vinayak Bhat has been appointed as chief product officer at Ultraviolette, an electric vehicle and battery technology firm. He previously held the positions of technical director and principal engineer. Bhat's role will involve expanding the product portfolio and he played a key part in the F77 and F77 Mach 2 launches. His career commenced at ISRO in 2013.
Foxconn working on plans to set up battery energy storage system unit in India
Foxconn's chairman, Young Liu, disclosed the company's intention to set up a Battery Energy Storage System unit in India, targeting the electric vehicle market. With an existing plant in Taiwan, Foxconn has invested USD 10 billion in India and plans to increase this. Liu met with Indian ministers to explore collaboration opportunities, particularly in Tamil Nadu.
TVS Motor Co to expand electric 2W sales in both developing, developed markets: CEO KN Radhakrishnan
TVS Motor Company aimed to broaden its electric vehicle sales in both developing and developed markets, betting on India's potential as a major export hub. The company used its Indonesian plant for the ASEAN region, reporting increased sales. They expanded their EV network in India and planned further product launches.
Ola Electric announces integration of its 'Made in India' cells in own EVs by Q1 FY26
Ola Electric revealed plans to use its newly developed 'Bharat cell' lithium batteries in its electric vehicles by Q1 FY26 and announced the upcoming launch of new electric motorcycles. The company reported a 34.32% rise in revenue and record vehicle deliveries, reaching 1,25,198 units in the recent quarter.
How anti-dumping duty on Chinese EVs affects India
Inventory pile-up has clogged an already stretched logistics network. Siddharth Jairaj, CEO, TVS SCS global forwarding solutions said, “Because of the anti-dumping duties, China has been shipping out huge numbers of electric vehicles since April and May to beat the duty deadlines. So global nodal ports like Singapore and Colombo and clogged.”
Electric mobility right step in right direction: M&M's Rajesh Jejurikar
Mahindra & Mahindra endorsed electric mobility, deeming it essential for India’s progress. The firm's CEO, Rajesh Jejurikar, emphasized the national priority of EVs, responding to opposition against Uttar Pradesh's tax waiver for hybrid vehicles. Hybrid manufacturers demanded tax parity with electric cars given the significant tax difference between the two.
The rise of a technological powerhouse: China threatens trade war with electric car dominance
China's rise to dominance in the electric vehicle sector, especially in battery technology, stems from groundwork laid in the United States decades ago. Chinese companies have enhanced these early innovations, leading to world-leading production capabilities. This development, supported by vast investments in education and research, has sparked global economic and political debates on future industrial strategies.
Tesla’s missing Cybertruck is a problem for the EV revolution
Tesla's Cybertruck offering has shifted, leaving only expensive models, signaling issues in producing affordable EVs. This mirrors broader struggles in the US electric vehicle market, with companies like Ford, Rivian, and Lucid grappling with high production costs and weak demand, impacting profitability and market growth.
Toyota bets big on hybrid-only models as EV demand slows
Toyota, historically slow in developing electric vehicles (EVs), is considering transitioning most of its lineup to hybrid-only models. This shift follows decades of hybrid innovation, with Toyota aiming to phase out gasoline-only vehicles, reflecting its commitment to hybrids alongside its EV and alternative energy strategies.
View: Automaker Ola Electric’s IPO is putting Modinomics to the test
Ola Electric, a significant Indian automaker, saw its IPO shares soar by 42% early on. The company's future success is closely tied to government policies and subsidies for electric vehicles. Past reductions in incentives impacted demand, indicating the challenges ahead in relying on state support for sustained growth.
Electric Luna maker Kinetic Green raises US$25 mn for aggressive growth in its e2W, e3W biz
Kinetic Green has received a $25 million investment from Greater Pacific Capital as part of its Series A fundraise. This company aims to scale production, expand dealership networks, and accelerate research and development in the EV sector.
EV and Hybrid subsidies to continue for now, reiterates Uttar Pradesh
The Uttar Pradesh government will maintain incentives for electric and hybrid cars to mitigate low market penetration. Automakers express concerns about these incentives affecting the transition to full electric vehicles. Officials stressed that the policy is flexible and could change, aiming to encourage a shift away from conventional fuel vehicles.
Amara Raja sign MoU with Piaggio India to develop lithium-ion cells for electric vehicles
Amara Raja has signed a Memorandum of Understanding (MoU) with Italian motor vehicle manufacturer Piaggio India to develop and supply LFP (Lithium Iron Phosphate) Lithium-Ion (Li-ion) cells and chargers for its electric vehicles, the company said in its stock market filing on Saturday.
China files WTO complaint against EU over tariffs on electric vehicles
China has filed a complaint with the World Trade Organisation over the EU's provisional tariffs of up to 37.6% on Chinese-made electric vehicles. The EU claims these tariffs counteract unfair subsidies, while China insists its practices adhere to WTO guidelines. The two parties are expected to resolve the issue by early November to avoid further economic tensions.
FAME Scheme Violation: Govt starts reinstating subsidies to EV makers that paid FAME penalties
The government reinstated subsidies for companies following stricter localization rules under EMPS, 2024. Revolt Motors and Greaves Electric Mobility paid back Rs 170 crore in penalties and awaited future sales subsidy approvals. The scheme received Rs 778 crore to support 5.61 lakh electric vehicles, aiming to boost the local EV industry.
Electric vehicles, hybrids form 50% of China's vehicle sales
NEV sales accounted for just 7% of total vehicle sales in China three years ago, but its heavy investments in EV supply chains have propelled the growth of domestic EV industry, leaving many established foreign brands scrambling to catch up.
Electric vehicle sales rose 55.2 pc to 1.79 lakh units in July: FADA
Electric vehicle sales saw a significant 55.2 per cent year-on-year increase in July, totaling 1,79,038 units. The growth was driven by a 96 per cent surge in e-two-wheeler sales. Electric two-wheelers sales stood at 1,07,016 units and three-wheelers at 63,667 units. Commercial vehicle sales doubled to 816 units. Passenger vehicles, however, declined by 2.92% to 7,541 units.
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