EV
Veera Mahasamrat EV: Veera Vahana, Exponent Energy announce the 'World's first 15-minute charging intercity bus'
Veera Vahana has teamed up with Exponent Energy to launch the Veera Mahasamrat EV, a long-haul electric bus capable of rapid charging in 15 minutes. This innovative bus aims to reduce operating expenses for fleet owners by 30% and will initially focus on the Bengaluru-Hyderabad route with dedicated charging stations along the highway.
Tesla asked Canada for lower tariff on China-made EVs, government source says
Canada has announced a 100% duty on Chinese-made electric vehicles, impacting companies like Tesla. The move follows the United States' lead and targets China's state-directed policy of over-capacity. Tesla had earlier requested a lower tariff similar to the EU's, but Canada has not adjusted its stance. Other automakers are assessing the impact.
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.
To address performance issues, Tata Motors to buy EV batteries from Chinese co: Report
Tata Motors will source battery packs for its electric vehicles from China’s Octillion Power Systems. The Indian automaker already offers several EV models and plans to introduce more. Despite a dip in EV sales, Tata Motors controls 68% of the market. Recently, the company joined the top ten most valued global automotive firms.
Servotech Power enrols with 62 discoms under PM Surya Ghar Muft Bijli scheme
In February, Prime Minister Narendra Modi announced the scheme, which aims to light up one crore households by installing rooftop solar equipment and providing up to 300 units of free electricity every month. Over 1.28 crore registrations have been made and around 14 lakh applications received under the scheme for rooftop installations.
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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.
Strong hybrids rev up to fly past EVs in green race as car sales make a pit stop
Strong hybrid vehicle sales grew 62.5% in the June quarter, driven by the Uttar Pradesh govt's incentives. In contrast, electric vehicle sales have stalled due to range anxiety and costs. Manufacturers are now exploring alternative technologies, such as hybrids and flex-fuel, to bridge the gap. The Indian EV infra remains a work in progress.
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".
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.
Can Ola's electric bikes overtake Hero's Splendor?
Ola Electric recently launched three bikes: Roadster, Roadster X, and Roadster Pro. With competitive pricing and advanced features, these models are set to rival popular brands like Hero Moto. Ola aims to boost electric vehicle adoption in India's motorcycle sector with these new offerings.
Ola becomes only EV maker to secure PLI certification for four electric scooters
Ola Electric's S1 X 3 kWh and S1 X 4 kWh scooters received certification for the Production Linked Incentive (PLI) Scheme. The company is now the sole two-wheeler EV manufacturer to achieve PLI compliance for four products. The certification underscores Ola’s manufacturing strength and commitment to India's EV vision, with shares increasing by 4.4% on this news.
EU plans 36% tariff on Chinese EVs, lower for Tesla
Brussels last month slapped Chinese EVs with hefty provisional tariffs -- coming on top of current duties of 10 percent -- after an anti-subsidy probe found they were unfairly undermining European rivals. On Tuesday the commission released a draft plan to make those tariffs definitive, subject to input from interested parties by end August, and to approval by EU member states by end October at the latest.
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.
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.
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.
How EVs are leading the way for safer two-wheelers in India
Traditionally, cars have led the way to road safety with standard features like airbags, Anti-lock Braking Systems (ABS) and Advanced Driver Assistance Systems or ADAS. These safety features are pretty much an expectation when it comes to cars. It's different with bikes, though.
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.
India saw ninefold increase in EV charging stations in last two years but why it isn't enough
India's public electric vehicle charging stations multiplied significantly from 1,800 in February 2022 to 16,347 by March 2024. However, with 50 million EVs expected by 2030, about 1.32 million chargers will be needed, necessitating 400,000 annual installations. Government initiatives and industry efforts are crucial to meet this growing demand.
Curvv effect: After Rs 1.2 lakh price cut, Tata Motors hikes discount on Nexon.ev again
Tata Motors has raised discounts on its Nexon.ev by up to ₹60,000 to boost slow sales. This comes after a ₹1.2 lakh price cut. The company's electric vehicle sales have been declining, with the Nexon.ev's sales particularly affected. The newly launched Curvv.ev may also affect Nexon.ev sales due to overlapping prices.
Tata Motors says with Curvv.ev it’s bringing price parity between EV and comparable ICE models
Tata Motors launched its new EV, the Curvy.ev, on Wednesday, marking its fifth electric vehicle since entering the battery-operated vehicle market in 2020. The SUV coupe features premium segment attributes and is priced at ₹17.49 lakh for the 45kWh battery and ₹19.25 lakh for the 55kWh battery.
Tata Curvv.ev SUV launched: Price, range, features & what's new
At present, Tata Motors boasts to have four EVs in its portfolio: Nexon.ev, Punch.ev, Tiago.ev and Tigor.ev. Today's launch of Curvv.ev, a blend of toughness of an SUV and sporty silhouette of a coupé, makes the fifth addition to its evolving EV range.
TPEML teams up with TPREL to accelerate adoption of rooftop systems, EVs
Tata Power plans to aggressively promote solar rooftop adoption through its extensive network of over 700 channel partners and retailers to cover the pan-India market. The company has installed over 1 lakh home chargers and 5,600 public chargers across India, the statement said.
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