Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
(Reuters) - India's Exicom Tele-Systems, a supplier for car makers such as Mahindra & Mahindra and MG Motor, expects its electric vehicle charger business to bring in half of its annual revenue by 2030, its chief executive told Reuters.
Sales of EVs during April-June contracted 7 per cent year-on-year to 346,024 units, data from the Ministry of Road Transport and Highways' VAHAN portal showed
The place where road transport is shifting most rapidly to battery power isn't Oslo or Shenzhen, but Delhi. E-rickshaws took a 54% share of India's three-wheeler market last year
The EV charging infrastructure is expanding rapidly in Delhi with power distribution companies setting up over 4,500 charging points and battery-swapping facilities across the city and hundreds more to be installed by the end of the current fiscal, discom officials said on Wednesday. The number of charging points and battery-swapping facilities in the city will cross the 5,000-mark in the next few months, they said. According to the latest report of the Central Electricity Authority (CEA), Delhi consumes 55 per cent of the power consumed at EV charging points across the country. The BSES discoms -- BYPL and BRPL -- have installed over 3,100 charging points and battery-swapping stations at more than 1,200 locations across South, West, East, and Central Delhi. These include 1,260 (40 per cent) private, 1,220 (39 per cent) public and 485 (15 per cent) captive category, said a spokesperson of the company. In the current financial year, BSES will facilitate installation of over 1,200 E
Electric two-wheeler maker Motovolt Mobility and German climate-tech firm Swobbee have joined hands to establish 200 battery-swapping stations across India, officials said on Wednesday. This partnership aims at boosting the affordability of two-wheeler EV owners, an official said. The initial phase will see the installation of at least two pilot stations by March 2024, one each in Delhi and Kolkata, funded by Motovolt. "Making EV ownership affordable is crucial for driving growth, especially with the uncertainty surrounding the continuation of subsidies under the FAME 3 policy. Battery swapping stations address this issue, as batteries contribute significantly to the total cost, around 40 per cent," Motovolt Mobility CEO Tushar Choudhary said. Choudhary also stated that Motovolt will initially fund the pilot project, and both partners will then explore a deeper collaboration, potentially through a joint venture, to roll out the remaining 198 stations within the next two years. Th
Tata Power on Tuesday said it has ramped up Electric Vehicle (EV) charging infrastructure on the Chandigarh-Shimla route to facilitate eco-friendly travel. The route connects two major cities -- Chandigarh and Shimla -- serving as a crucial link for travellers and businesses alike. "Tata Power, one of India's largest and leading EV charging solutions providers announced the activation of its EV charging infrastructure along the Chandigarh- Shimla highway, covering a total distance of 111 kms and addressing the demand for reliable charging options on this popular route," a company statement said. The strategically positioned charging stations at Hotel Falcon Crest on the Chandigarh-Shimla Highway around Kandaghat and The Oberoi Cecil, Chaura Maidan Road near Shimla, enhance the feasibility of EV travel on the route, as per the statement. The first charging point is 83 km from Chandigarh to Hotel Falcon Crest, and the other is 26 km from Hotel Falcon Crest to The Oberoi Cecil. Consu
Delhi Transport Minister Kailash Gahlot on Thursday said the Electric Vehicles Policy 2.0 will look at incentivising retrofitting of vehicles considering its high cost. In an interview to PTI, the minister said that since the new policy is in the works, they will extend the existing policy by six months or until the new one is ready. The Delhi Electric Vehicles Policy-2020 expired on August 8 this year and the government had said that the subsidy being given under it would continue till a new policy gets notified. "We are moving a cabinet note and within this week it should be finalised. The existing policy will be extended for six months or until the new policy is notified," he said. Talking about the new policy that is in the works, the minister said the one thing that they will look at is the concept of retrofitting. "People want to convert their IC (internal combustion) engines into electric ones. The process is expensive. For converting a normal Gypsy, it takes almost Rs 5-6
India has about 84,600 fuel retail outlets, of which 8,900 offer alternative fuels such as CNG, auto LPG or EV charging facilities
Over the past 6 months, several auto majors and component suppliers have chosen Tamil Nadu to set up electric vehicle manufacturing facilities to produce about 4.5 million EV two-wheelers cumulatively
Tata Motors had last September won a mega government contract for supplying 10,000 electric vehicles to state-owned Energy Efficiency Services Ltd (EESL)