Electric Cars In India

Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, according to company founder and CMD Bhavish Aggarwal. The company, which forayed into the electric motorcycle segment last week, will build products that Indians need, which are by a vast majority two-wheelers and three-wheelers, he said in an interaction with PTI editors at the agency's headquarters here. In the first quarter of this fiscal, Ola Electric's automotive segment EBITDA was almost break-even but for a one-time reversal of about Rs 30 crore it had to pay for a change in standard operating procedure in the government for PLI rules, he said, adding the cell segment is at a different stage of evolution. Ola Electric's net loss widened in the first quarter to Rs 347 crore, from Rs 267 crore in the corresponding period a year ago. In FY24, the company's net loss was at Rs

The Maruti Suzuki chief said that his company has been capitalising on this SUV surge, adding that MSIL's introduction to the EV market is unlikely until the end of FY25

Car sharing marketplace Zoomcar on Tuesday said it has partnered with electric vehicles self-drive rental firm SPARKCARS with a plan to introduce over 1,000 EVs on its platform across India within the next two years. The partnership will help increase the supply of EV cars available for self-drive to meet the growing needs of convenient and independent travel, the company said in a statement. "Zoomcar and SPARKCARS will introduce over 1,000 electric vehicles to Zoomcar's platform across India within the next two years. These additions will include popular models such as the TATA Nexon, Mahindra XUV 400, Citroen eC3, and many others, offering users a diverse array of eco-friendly options for their mobility needs," it said. Zoomcar CEO and Co-Founder Greg Moran said the partnership follows the direction of the government's growing focus on boosting the EV ecosystem. "We are not just adding EVs to our platform; we are empowering our guests with a variety of sustainable choices and ...

Electric vehicle maker EKA Mobility on Wednesday said it has entered into a partnership with Japan's Mitsui & Co., Ltd and VDL Groep of the Netherlands with a proposed joint investment of over USD 100 million (around Rs 850 crore) in phases. Under the cooperation, EKA Mobility will receive significant and strategic investments from Mitsui and technological support and an equity partnership from VDL Groep, a leading Dutch technology firm, the company said in a statement. It, however, did not elaborate on the financial details of the partnership. "With a joint investment of over USD 100 million in phases, the cooperation will position India as the global manufacturing and sourcing hub for electric vehicles," the statement said. EKA Mobility Founder & Chairman Sudhir Mehta said, this partnership represents a significant step toward making India a global hub for electric vehicle manufacturing. Mitsui & Co India GM Mobility Business Division, Nobuyoshi Umezawa said, "Through ..

Likely to be driven by increasing penetration in rural areas

Comet EV will be one of the most affordable electric cars on the market and is expected to be in direct competition with Tata Tiago EV

If MG Motor achieves the sales volume target, it would become the second-largest player in the segment with a market share of 20-24 per cent

Pure play electric car maker BYD targeting a sales of 15,000 units next year is launching a new model, increasing its distribution network and expanding production capacity if needed

India needs to set up 46,000 electric vehicle charging stations by 2030 to reach global benchmark, suggests a white paper released on Friday. EV charger ratio is 6 both for China and the Netherlands, 19 for the US while it stands 135 for India. That means there is one charger per 135 EVs in India compared to 6 in China, the white paper by Alvarez and Marsal, a global professional services firm, stated. The paper was launched at an electric vehicle conference, The EVConIndia 2022, here. The paper highlighted some key challenges affecting EV adoption and talked about six key issues of affordability, range anxiety, supply chain, product safety & quality, and inadequate access to financing. With a large automotive industry and pollution issues, India is ripe for innovation and rapid adoption of EVs in times to come, it said. Sub-segments of the industry can grow at a compounded average growth rate of of 50-100 per cent over the next five years if supply chain, product safety, product

'White gold' need for electric car batteries is scarce in the country and getting expensive internationally

The scarcity and poor viability of charging stations remains a major obstacle to the government's green mobility ambitions

Registrations are down, and ranking too. But the player insists it is ready for the many challenges staring it in the face

The total capital infusion for the EV Co. is envisaged to be approximately Rs 8,000 cr/$1 billion between FY24 and FY27

Both two- and four-wheeler EVs are available at various price points to suit your budget; you can also expect a slew of new models a few months down the line

Comes close on the heels of order signed with BluSmart for 3,500 Xpres-Ts

The BMW i4 is expected to be available in two variants - the eDrive40 and the M50 xDrive

The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat

While improvements in mileage and battery capacity have been made and are ongoing, issues of high price points and availability of charging infrastructure are also being addressed

Evolution of successful business models in electric mobility, as electric vehicles gain ground and BS VI norms for internal combustion vehicles come into place, will separate men from boys in sector

However, the actual number of electric vehicles could be much more as a lot of e-rickshaws operate without any registration