Electric Vehicles In India

Hero Electric, India's first e-scooter maker, enters insolvency under IBC with Rs 301 crore in admitted claims; bidders invited as creditors decide its fate amid EV market growth

Electric commercial vehicle maker Euler Motors on Monday said it has tied up with Tata Power Renewables for fast chargers. As per the long-term Memorandum of Understanding (MoU), Tata Power Renewables will provide fast chargers for the customers of Euler Motors, the company said in a statement. With this, Euler Motors customers will be able to access fast chargers at important high demand locations along their daily routes, it added. The company customers will receive smart cards, allowing seamless and easy access to Tata Power Renewables charging stations, Euler Motors stated. Through this MoU, Tata Power Renewables will install, operate, and maintain fast chargers, ensuring high uptime and reliability, while Euler Motors will facilitate rent-free spaces for Tata Power's chargers, reinforcing the mutual commitment to advancing India's EV ecosystem, it said. "Charging infrastructure is a key ingredient to enable EV adoption, and fast charging is a customer preference as it enables

EV sales growth in India slowed in 2024. About 99,165 electric cars were sold last year, marking a 20 per cent year-on-year (Y-o-Y) increase, according to the FADA

If linking trains to EVs seems odd, that's only because the complementary nature of the two modes of transport has gone unexplored

The total number of operational electric vehicles (EVs) in India is likely to cross the 28 million-mark by 2030 fuelled by increasing demand and incentives, the India Energy Storage Alliance (IESA) said in a report. India continues to make significant and sustained inroads in its decarbonization journey, with rapid increase in sales of EVs, supported by demand and supply incentives, growing consumer demand, and a focus on developing charging infrastructure, IESA said in a statement. The outlook for electric vehicle sales continues to be positive, driven by increasing environmental awareness, customer interest, advancements in battery technology, and readily available and easily accessible EV charging infrastructure, it said. India's cumulative electric vehicle (EV) sales crossed 4.1 million units in the fiscal year 2023-2024. IESA, a leading alliance focussed on e-mobility, energy storage, and hydrogen, forecast that the cumulative number of EVs in operation will likely cross 28 ..

After prolonged speculation about Tesla's entry into the Indian market, the Elon Musk-led EV major has begun the process of setting up its manufacturing unit in India

In its initial phase, Tesla is likely to introduce the Model 3 and Model Y in India. However, both models are currently priced way above $25,000 in international markets

Matel Motion & Energy Solutions on Wednesday said it has partnered with Honda Power Pack Energy India to integrate its ePowertrain with the latter's swappable battery solution. This collaboration aims to provide electric vehicle (EV) manufacturers with swappable battery solutions, Matel Motion & Energy Solutions Pvt Ltd (Matel) said in a statement. "This initiative will play a crucial role in driving EV adoption across India by providing a practical and cost-effective solution for vehicle manufacturers and users alike," Matel Co-founder and Director of Business Development & Partnerships, Netaji Patro said. The introduction of swappable battery technology addresses challenges of range limitations and lengthy charging time, particularly in the commercial segment where operational downtime translates to lost revenue, by enabling users to exchange depleted batteries for fully charged units at designated swapping stations in minutes. Honda's swappable battery, backed by ...

Electric commercial vehicle manufacturer PMI Electro Mobility Solutions on Friday said it has secured a Rs 250-crore strategic investment from a consortium of investors through a preferential allotment of equity shares, in its second round of private equity funding. The consortium led by Authum Investment & Infrastructure Limited (Authum), includes Antique Securities and associated HNI family offices and Nikhil Kamath-backed Gruhas, the company said. The fresh capital infusion will enable the company to accelerate its strategic initiatives, including the development of innovative solutions, technological advancements in production capabilities, and scaling of operations, PMI Electro Mobility said. These advancements will further strengthen the company's position in India's burgeoning electric vehicle (EV) sector and contribute significantly to sustainable urban mobility, it added. Incorporated in 2017, the eCV maker has a 2,500 unit annual capacity production facility in ...

Mahindra & Mahindra on Friday said it has secured 30,179 bookings for its two new electric models -- XEV 9e and BE 6. The Mumbai-based auto major claimed the booking number translates to a value of Rs 8,472 crore (at ex-showroom price). The company commenced bookings for the complete lineup of XEV 9e and BE 6 on Friday. "Mahindra Electric Origin SUVs create a new record in EV category by clocking 30,179 Bookings on Day 1 with booking value of ?8,472 crore (at ex-showroom price)," Mahindra Group Chairman Anand Mahindra said in a tweet. The split between the XEV 9e and BE 6 is 56 per cent and 44 per cent respectively, the company said. The top-end Pack Three, featuring a 79 kWh battery, accounted for 73 per cent of the total bookings across both brands, it added. The two models are priced between Rs 18.9 lakh and Rs 30.5 lakh (ex-showroom). Electric passenger vehicle sales in India stood at around 1 lakh units last year.

The 'Mega Charger' network, which the company said would feature 120-kilowatt fast-charging guns, will be open for use to other EV manufacturers

Bengaluru-based EV startup says its product is India's longest-range electric scooter

Between April and October 2024, China emerged as India's largest import partner, with imports rising by 9.8 per cent to $65.89 billion, according to data from the Ministry of Commerce

Ola Electric on Friday said it has reclaimed market leadership in the electric two-wheelers segment with 22,656 registrations recorded in January. On the back of the strong S1 portfolio and the recently expanded sales and service network to 4,000 stores across India, the company witnessed a 65 per cent growth month-on-month and improved its market share to 25 per cent this month, the Bengaluru-based firm said in a statement. The company on Friday launched eight scooter models under the S1 brand, developed on its Gen 3 platform, priced between Rs 79,999 and Rs 1,69,999. "With Gen 3, the company is taking a big leap forward in performance, safety, efficiency reliability," it noted. With a new range based on the Gen 3 platform and the recent journey back to the top of the leaderboard, the company hopes to increase the gap with the legacy automakers, Ola Electric said.

Automakers want the government to provide merit-based policies to support a full range of green technologies and alternative fuels besides allocations to facilitate electric vehicle ecosystem like charging infrastructure to further accelerate sustainable mobility in the upcoming Union Budget. With the automobile industry showing early signs of growth slowing down, they said budgetary initiatives to boost the disposable income of consumers are necessary to support robust growth. "We request the government for appropriate merit-based policies that support and help in popularising full range of greener technologies and alternative fuels thereby helping in faster and greater adoption of multiple sustainable mobility solutions," Toyota Kirloskar Motor Country Head and Executive Vice President - Corporate Affairs and Governance - Vikram Gulati said. Further, he said measures to encourage the scrapping of old vehicles through the budget will also boost demand for newer generation vehicles

TVS Motor, a leading player in the two and three-wheeler segment, is planning to make a foray into the electric cargo vehicle space, an official said on Monday. The company, which launched its electric three-wheeler passenger vehicle in the eastern metropolis, is hoping to roll out the cargo variant during the last quarter of the current financial year. "We launched the electric three-wheeler in Kolkata along with UP, Bihar, J&K and Delhi in the passenger segment. The company aims to make a foray into the electric cargo three-wheeler segment during the fourth quarter of the current financial year", TVS Motor's business head, commercial mobility, Rajat Gupta said. He said that the adoption of electric vehicles in the three-wheeler segment is growing. "The market share of TVS in the three-wheeler alternate fuel segment (CNG, LPG and electric) is at ten per cent at the moment and is growing", Gupta said. He said the company manufactures three wheelers at its Hosur plant in Tamil Nadu

Kia India is planning to launch the electric derivatives of the Kia Carens MPV and Syros subcompact SUV, one of which will be launched in 2025

The new standard warranty policy extends to the Citroen C3, C3 Aircross, Basalt, and C5 Aircross. The warranty on the e-C3 electric hatchback remains unchanged

Tata Motors Passenger Vehicle division and Tata Passenger Electric Mobility have signed a MoU with Saraswat Bank to offer their models at competitive interest rates

He urged the auto industry to participate in the government's Green Credit programme to incentivize voluntary environmental actions