Electric Vehicles

MG teases Cyberster EV specs ahead of 2025 debut at Bharat Mobility Expo

The new MG Cyberster will be equipped with a 77 kWh battery pack powering two electric motors on each axle, making it an all-wheel-drive model

EV maker Greaves Electric Mobility files IPO papers to raise Rs 1,000 cr

Greaves Electric plans to invest the IPO proceeds into product research and development and build battery assembly capabilities, with a smaller portion earmarked to boost manufacturing capacity

Lohia Auto targets 300k sales by 2027 with new E3W brand 'Youdha'

Earlier, Lohia Auto had announced an investment of Rs 20 crore to support its expansion plans, which include both passenger and cargo electric vehicle models

Do you need to pay 18% GST on 'loss margin' of EV resale? Explained

GST on resale of used vehicles by businesses has been raised to 18% from 12%, bringing the used EV market at par with other petrol and diesel vehicles

With new launches, expansions, every fifth scooter may be electric in FY26

E-scooters are projected to end FY25 with a penetration rate of 13-15 per cent

Shriram Finance consolidate green finance biz under Shriram Green Finance

Building on its existing expertise in financing electric vehicles, Shriram Green Finance will provide sharper focus and clarity to its sustainability efforts

Shriram Finance targets Rs 5,000 cr AUM for green lending in 3-4 years

Shriram Finance's total AUM was 2.43 trillion rupees as of September end and its green financing portfolio is currently around Rs 6 billion- Rs 7 billion, the company said at a press conference

EV growth faces charging woes even as carmakers push ahead with launches

India's charging infrastructure lags behind EV demand despite policy incentives

Raising taxes on EVs will make electrification path difficult: Kia India MD

Increase in tax on electric vehicles will make it difficult for the electrification journey of the Indian automotive industry, Kia India Managing Director and CEO Gwanggu Lee said on Thursday. The company, which unveiled its new company SUV Syros, is looking at around 17 per cent sales growth next year at 3 lakh units as compared to 2.55 units expected this year. A big burden for EVs is still the high price, Lee told PTI here in an interaction. "So without any tax incentive from the government it is very difficult," he said when asked about the impact on possible increase in tax on EVs. New EVs at present attract 5 per cent GST. There has been speculation that the GST rate on used EVs, currently taxed at 12 per cent, may be reclassified into the higher 18 per cent tax slab. Kia India currently sells two EV models -- EV6 with price starting at Rs 60.96 lakh and EV9 tagged at Rs 1.3 crore. Lee cited the example of Canada where sales of EVs crashed when the incentives on EVs were .

Indian EV market to touch Rs 20 trn by 2030, to create 50 mn jobs: Gadkari

Union minister Nitin Gadkari on Thursday said the Indian electric vehicle market potential is likely to touch Rs 20 lakh crore and will create around 5 crore jobs across the entire EV ecosystem by 2030. Addressing the '8th Catalyst Conference on Sustainability of E-Vehicle Industry - Evexpo 2024', Gadkari said estimated electric vehicles finance market size will be around Rs 4 lakh crore by 2030. "The Indian electric vehicles market potential is of Rs 20 lakh crore by 2030, creating five crore jobs across the entire EV ecosystem," he said. The road transport and highways minister said 40 per cent of air pollution in India is because of the transport sector. "We import fossil fuels worth Rs 22 lakh crore, that is a big economic challenge. And this import of fossil fuels is creating a lot of problems in our country," Gadkari said. According to Gadkari, the government is concentrating on green energy as 44 per cent of India's power basket is solar power. "We are giving highest prior

Behind Honda and Nissan tie-up, existential threat posed by Chinese EVs

Like other foreign carmakers, both Honda and Nissan have lost ground in China

European car sales decline in November, led by France and Italy: ACEA

The slowdown in electric vehicle (EV) sales was only partly offset by the growth of hybrid-electric car registrations

Auto OEMs likely to invest $323 billion by 2070 on EVs: CSI report

The report further projected that EVs could add $9.6 trillion in OEM revenues by 2070, with cars being the major contributor from 2030 onwards

EV launches in India to double in 2025, SUVs dominate new lineups

Industry leaders such as Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai, and MG Motors are gearing up to introduce a range of EVs in India

LG Energy Solution, JSW discuss $1.5 bn EV battery manufacturing venture

The two companies have signed an initial agreement to form an equal partnership in which LGES will contribute the technology and equipment for making batteries and JSW will invest money

VW, unions resume last-ditch round of talks for the year on cost cuts

Talks ended after around 13 hours of negotiation in the early hours on Tuesday without a deal but would resume mid-morning, a spokesperson for IG Metall union said

Delhi EV policy woes: Registrations drop in capital while other states grow

Sector experts say that a lack of clarity and unannounced halts in the policy have deterred customers from buying EVs in Delhi

Magenta Mobility to add 10,000 EVs over next FY; to expand to new cities

Electric mobility firm Magenta Mobility on Monday said it plans to add 10,000 electric vehicles -- both three and four-wheelers -- over the next financial year and is also looking at expanding into new cities such as Nashik, Nagpur, Vijayawada, Indore and Kolkata, among others. The company also said that after establishing a strong presence in the electric three-wheeler space, it is now aggressively expanding into the four-wheeler category. With a fleet exceeding 500 electric cargo four-wheelers, Magenta Mobility is transforming urban and intercity logistics, it said. Building on its leadership in the three-wheeler EV segment, where it serves major clients in the e-commerce space, Magenta Mobility is now aggressively expanding into the four-wheeler category, the company said. The company has launched interstate services across key corridors, including Rajasthan-Haryana-Delhi, spanning over 180 kilometres, and Delhi-Haryana-UP, covering more than 140 kilometres, it said, adding, ...

LICO Materials opens 'zero-liquid-discharge' battery recycling facility

Lithium-ion battery recycling and refurbishing firm LICO Materials on Friday announced the inauguration of a battery recycling facility in Bengaluru and said it will invest Rs 250 crore in its downstream hydrometallurgy plant in next two-three years. The 4 GWh per annum in-feed capacity plant in Bengaluru will address the challenges of securing a stable supply of critical materials and contribute to India's ambition of achieving 30 per cent electric vehicle (EV) adoption by 2030, LICO said. The company said it aims to scale up capacity at the facility to 10 GWh in the next 3-4 years. With India's EV industry expected to grow by 250 per cent and energy storage sector to reach 42GW by 2032, recycling of used batteries will play a crucial role in recovering critical minerals to support the battery circular economy, according to the company. "The new facility marks a significant milestone in our journey to redefine lithium-ion battery recycling and repurposing in India. As we scale up

China leads global EV sales as it hits third consecutive record high

China continued to lead sales growth, accounting for almost 70 per cent of total EV sales in the month, while registrations in Europe showed a marginal decline