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Electric Mobility

India stands as an outstanding destination for every investor looking to shape their future in the mobility sector, said Prime Minister Narendra Modi on Friday, and assured all government support to investors. Addressing the gathering after inaugurating the Bharat Mobility Global Expo 2025 at Bharat Mandapam here, the Prime Minister said India is focusing on the development of green technology, EVs, hydrogen fuel and biofuels. Emphasising that the strength of the 'Make in India' initiative fuels the growth prospects of the country's auto industry, he said sale of EVs is set to increase eight times by the end of the decade. Modi said the government is working on a mobility system which can support economy and ecology, and create a system which can reduce the country's bill on the import of fossil fuels. He said 'Make in India' initiative has played a huge role in the development of auto industry. The initiative has got a push from the PLI (production linked incentive) scheme which

Updated On: 17 Jan 2025 | 1:15 PM IST
Bs_logoIndia outstanding destination for investment in mobility sector: PM Modi

Design-led technology services provider Tata Elxsi on Friday said it plans to work with Qualcomm Technologies to accelerate the adoption of Software-defined Vehicle (SDV) for next-generation mobility, leveraging Qualcomm's Snapdragon automotive platform. Under this, the company said, it aims to utilise the Snapdragon Digital Chassis Virtual System-on-chips (VSoCs) to help revolutionise the SDV development process, enabling R&D teams to accelerate software development and validation. The company said it will showcase a live demonstration of its AVENIR SDV suite of solutions integrated with Qualcomm Technologies' Snapdragon Ride Flex SoC that implements a cloud-native and virtualised approach to automotive software development at the forthcoming Consumer Electronics Show (CES) in Las Vegas, US. Through the intended technology collaboration, which will be demonstrated at the CES 2025 Tata Elxsi will develop a virtual Electronic Control Unit (ECU) platform for automakers and tier-1 ...

Updated On: 03 Jan 2025 | 4:50 PM IST
Bs_logoTata Elxsi to partner with Qualcomm for next-gen mobility solutions

Battery electric vehicle production is projected to hit 377K units in 2025, says S&P Global Mobility

Updated On: 10 Dec 2024 | 11:18 PM IST
Bs_logoIndia's battery electric vehicle market to grow threefold next year: S&P

Data from the Federation of Automobile Dealers Associations (FADA) shows that electric two-wheeler retail sales increased from 65,554 units in April to 1,39,159 units in October

Updated On: 04 Dec 2024 | 11:06 PM IST
Bs_logoHero's Vida V2 launch intensifies competition in sub-Rs 1 lakh EV market

Hero Electric said it was willing to resolve the dispute with the ministry, which had demanded the disgorgement of Rs 133 crore paid to the company in sops, citing alleged violations of FAME II norm

Updated On: 04 Dec 2024 | 10:15 PM IST
Bs_logoNo coercive action needed against Hero Electric for now: Delhi HC to SFIO

Lectrix EV, the e-mobility arm of SAR Group, plans to raise around USD 100 million (over Rs 800 crore) from external sources next year to fund its next phase of growth, according to founder Rakesh Malhotra. The company has invested around Rs 300 crore in the business from internal accruals so far. "I would say we are within 12 months from raising a sizable round of capital (outside)," Malhotra told PTI in an interaction. When asked to elaborate, he noted that the company could raise around USD 100 million. "By the time we raise capital, we would have put in 50 million of our own capital. So the next round has to be in the in a size which is meaningful and can keep us going for another year or two," Malhotra said. The raised capital would go into developing the business across the country, he stated. The company plans to invest the capital to enhance the dealership network and set up swapping infrastructure in about 100 cities, Malhotra said. "We are at about 200 (dealerships) to

Updated On: 03 Dec 2024 | 4:58 PM IST
Bs_logoLectrix EV plans to raise $100 million to fund next phase of growth

Electric scooter registrations for the first time crossed the 1 million mark in a year in CY 2024 and stood at 1.03 million at the end of November

Updated On: 01 Dec 2024 | 10:17 PM IST

Hero MotoCorp and its US-based partner Zero Motorcycles are in the advanced stage of developing a mid-sized performance segment electric motorcycle, according to a top company executive. California-based Zero Motorcycles specialises in electric motorcycles and powertrains. In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in the company. In 2023 the companies announced collaboration for the development of premium electric bikes. "As far as EV motorcycles ... we are developing in partnership with Zero Motorcycles..it (bike) will be coming in the middle-weight segment," Hero MotoCorp CEO Niranjan Gupta said in an analyst call. He further said: "I would say it's in the advanced stage. We haven't announced the timeline as yet, but we would be looking at something which would not be too far off." The bike will come in the performance segment, Gupta stated. The company is also expanding its electric scooter range covering multiple price segme

Updated On: 24 Nov 2024 | 1:25 PM IST

SpeedForce, which operates in over 350 locations and services around 150 vehicles per outlet monthly, will now provide sales and service support for Joy e-bikes

Updated On: 18 Nov 2024 | 6:48 PM IST

This funding comes at an opportune time as Refex continues to innovate in logistics for ash management, addressing environmental challenges associated with thermal power plant operations

Updated On: 03 Oct 2024 | 5:29 PM IST

European automakers have called on Brussels to reconsider key climate targets including 2025 fleet-emissions goals that could lead to billions of euros in fines

Updated On: 30 Sep 2024 | 12:10 PM IST

The mobility sector in emerging markets of South and Southeast Asia is growing so rapidly that it could absorb up to USD 1.3 trillion in green capital by 2030, mirroring China's phenomenal electric vehicle (EV) growth, according to a report. The Powering an affordable EV revolution in emerging Asia report, released on Friday -- ahead of the Climate Week NYC by investors LeapFrog Investments and Temasek alongside electric mobility companies Mahindra Last Mile Mobility Limited and Battery Smart -- showed affordable entry points for electric mobility across the low-income markets of emerging Asia. An analysis of the lifetime cost of owning an electric vehicle versus fossil-fuel powered vehicles highlighted how electric scooters and electric three-wheelers have hit price tipping points across the region, spiking demand for green mobility even amongst first-time vehicle buyers. Case studies from Mahindra Last Mile Mobility Limited and Battery Smart also found that manufacturing and ...

Updated On: 20 Sep 2024 | 1:42 PM IST

Live streaming of the grand launch can be viewed today at 05:00 P.M. on Youtube

Updated On: 17 Sep 2024 | 5:53 PM IST

PM E-DRIVE and PSM schemes instil confidence among e-bus manufacturers

Updated On: 14 Sep 2024 | 12:11 AM IST

BYD plans to expand its sales touchpoints, aiming to double their number within the next 6 to 8 months, Rajeev Chauhan said

Updated On: 12 Sep 2024 | 10:29 PM IST

Rs 3,435 crore PSM gets nod; will support deployment of more than 38,000 e-Buses

Updated On: 11 Sep 2024 | 11:59 PM IST

Cabinet clears Rs 5 lakh health cover under Ayushman Bharat for those 70 years and above

Updated On: 11 Sep 2024 | 11:19 PM IST

Last week, Kumaraswamy indicated that FAME-III would be launched within the next two months

Updated On: 09 Sep 2024 | 11:20 PM IST

The Electric Mobility Promotion Scheme 2024, that provides incentives to electric two-wheelers and three-wheelers, will be extended till FAME III is finalised, Union Minister HD Kumaraswamy said on Monday. Speaking at the sidelines of the annual session of Automotive Components Manufacturers Association (ACMA), Kumaraswamy, the Minister of Heavy Industries said it will take some more time to finalise the third phase of the 'Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle' (FAME) scheme. "It will be extended for another one or two months," he said when asked if the Electric Mobility Promotion Scheme (EMPS), which is coming to an end this month, would be extended. Asking the industry not to panic, he said "it will be extended till the FAME-III is announced." The EMPS was launched in April and was extended till September 30. It was announced in March this year, to be applicable from April 1 to July 31, with an outlay of Rs 500 crore. Later it was extended till ...

Updated On: 09 Sep 2024 | 1:14 PM IST

Move aims to highlight Centre's electric mobility schemes and ensure greater transparency

Updated On: 07 Sep 2024 | 12:10 AM IST