Page 3 - Electric Vehicles In India

EV promotion schemes great for making green transportation accessible: Siam

Auto industry body SIAM on Wednesday welcomed the government's decision to approve two schemes with a total outlay of Rs 14,335 crore to promote electric vehicles, saying the forward thinking initiative will make clean and green transportation more accessible to all. The Union Cabinet on Wednesday approved two schemes -- PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. Reacting to the announcement, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra termed the move as "progressive step that underscores the firm commitment towards promoting sustainable mobility". He further said, "It will undoubtedly help accelerate the adoption of electric vehicles (EVs) across the country, making clean and green transportation more accessible to all." This forward-thinking initiative reflec

Govt approves Rs 10,900 cr PM E-DRIVE scheme to push electric mobility

The Union Cabinet on Wednesday approved the PM E-Drive Scheme with an outlay of Rs 10,900 crore for two years to boost adoption of electric vehicles in India, replacing the flagship FAME programme that ran for nine years till March. The decision on PM Electric Drive Revolution In Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was taken at the meeting of the Union Cabinet chaired by Prime Minister Narendra Modi, Information and Broadcasting Minister Ashwini Vaishnaw told reporters here. The scheme will support 24.79 lakh electric two-wheelers, 3.16 lakh e-three wheelers, and 14,028 e-buses. The PM E-DRIVE will also support 88,500 charging sites, Vaishnaw said. The new scheme offers subsidies/demand incentives worth Rs 3,679 crore to incentivise adoption of electric two-wheelers, electric three-wheelers, e-ambulances, e-trucks and other emerging elecric vehicles (EVs). A sum of Rs 4,391 crore has also been provided for procurement of 14,028 e-buses by state transport undertaking

Cabinet likely to approve new scheme for promoting electric vehicles

Scheme outlay expected to be Rs 10,900 cr, new name to be coined in place of 'FAME'

Indian EV market potential likely to touch Rs 20 trillion by 2030: Gadkari

Union Minister Nitin Gadkari forecasts India's EV market could hit Rs 20 trillion and 10 million annual sales by 2030. He expects the sector to create 5 million jobs

Tata Power has set up 50,000 home chargers for EVs since April 2023

Tata Power said on Monday it has set up 50,000 home chargers for electric vehicles pan-India besides over 500 charging points for electric buses across metropolitan cities in the country since April last year, strengthening electric vehicle charging infra in the country and helping faster adoption of e-mobility. Overall, since 2018, a total of one lakh EV chargers have been set up at different locations across the country along with over 1,100 chargers for electric buses in the last five years, it said. These one-lakh chargers are present across remote corners of the country and are enabling e-mobility adoption through a seamless and reliable charging experience for its customers at the convenience of their homes. Tata Power's focus on strengthening EV charging infrastructure in the country through public, semi-public, and home chargers underscores its commitment to environmental responsibility, propelling India's transition to a cleaner transportation future, it stated. The compan

Mahindra & Mahindra unveils commercial electric four-wheeler 'e-ZEO'

Mahindra & Mahindra announced that it would invest Rs 12,000 crore over the next three years, into its EV unit Mahindra Electric Automobile

EV maker Wardwizard Innovations to form joint venture in Saudi Arabia

The EV cell plant will be dedicated to manufacturing electric vehicle cells. The company did not disclose the cost associated with entering into the joint venture

FAME-III will be rolled out in next two months: Union minister Kumaraswamy

The minister mentioned that the government is taking a comprehensive approach to boost the EV ecosystem

Reliance Industries wins bid for govt incentives to make EV batteries

The oil-to-telecom conglomerate beat six other competitors, which included units of battery maker Amara Raja Energy and Mobility and power producer JSW Energy

Sales of electric vehicles in August decline 13% to 156,199 units

But, despite this decline, August sales still represented the third-highest monthly total this year, following March and July

Mahindra, Volkswagen near joint venture agreement for electric SUVs: Report

The proposed joint venture will concentrate primarily on the development of battery-powered SUVs for both the Indian and international markets, although it will also encompass fossil fuel-based models

JBM Auto climbs 6% on signing pact with LeafyBus to supply 200 e-buses

The rise in JBM Auto share price came after its subsidiary JBM Electric Vehicles inked a pact with LeafyBus to supply 200 electric intercity luxury buses.

EKA Mobility enters into strategic pact with IKEA for EV vans supply

Commercial electric vehicle maker EKA Mobility on Tuesday said it has formed a strategic partnership with Swedish furniture retailer IKEA for supply of electric delivery vans in India. Under the partnership, Eka has already delivered 10 such vehicles to IKEA, with plans to expand the fleet across multiple regions in the country, EKA Mobility said. The collaboration is a part of IKEA's plan to electrify its last-mile delivery fleet in the country, it said. The transition to electric delivery vans is expected to significantly reduce IKEA's carbon footprint, contributing to a more sustainable and environmentally friendly logistics operation, EKA mobility said. "By supplying IKEA with our advanced electric delivery vans, we are not only contributing to a cleaner environment but also showcasing the potential of electric vehicles in transforming the logistics industry," said Rohit Srivastava, Chief Growth Officer at EKA Mobility. "As we grow in India with an EV first approach, IKEA Indi

Why restrictive trade responses fail to halt China's export juggernaut

US and Europe should understand the issues and discuss them with China, tailoring responses to the underlying diagnosis, rather than taking knee-jerk protectionist measures that only stoke tensions

Tata Motors teams with Delta, Thunderplus to grow India's EV charging grid

Tata Motor's partnership aims to expand the availability of EV charging stations on high-traffic routes in India, especially in the commercial sector

EV maker Euler Motors unveils Rs 100 cr mfg, R&D facility in Haryana

Electric commercial vehicle manufacturer Euler Motors on Tuesday unveiled its manufacturing and R&D facility at Palwal in Haryana, which has been set up with an investment of Rs 100 crore to cater to the rising demand. Spanning 5 lakh square feet, the plant has the capacity to produce 36,000 vehicles per annum and will serve as Euler Motors' national manufacturing hub, catering to the rising demand for its three-wheeler, the company said. Euler Motors said it plans to expand footprint to 40 cities by FY25 from 26 cities now. "Our new factory represents a significant leap in manufacturing commercial 3-wheeler EVs. This facility will enhance our production capacity, and help us deliver locally manufactured vehicles that meet the evolving needs of our customers and the industry," said Gaurav Kumar, head of supply chain and manufacturing at Euler Motors. The new plant has an automated assembly line connected via a proprietary manufacturing execution system (MES), which drives ...

Uttar Pradesh backs hybrid tax waiver; win for Toyota, blow for Tata, M&M

LUCKNOW (Reuters) - India's most populous state Uttar Pradesh will not reverse a decision to waive registration taxes for hybrid cars, two sources said on Monday, handing a win to Toyota but dealing a blow to Tata Motors and Mahindra & Mahindra.

With new launch, Tata Motors takes on ICE vehicles in mid-size SUV segment

Priced Rs 17.49 lakh onwards, electric Curvv looks to take on Creta, Seltos

EV sales rose 55.2% to 179,000 units in July led by two-wheelers : FADA

Electric vehicle sales registered a 55.2 per cent on-year growth at 1,79,038 units in July driven by a massive 96 per cent jump in e-two-wheeler sales, automobile dealers' body FADA said on Tuesday. The total electric vehicles sales for July 2023 were at 1,16,221 units, according to the monthly sales data from Federation of Automobile Dealers' Association (FADA). The electric two-wheelers sales during the previous month stood at 1,07,016 units, up 95.94 per cent, from 54,616 units sold in July last year, while the electric three-wheeler sales grew 18.18 per cent at 63,667 units, from 58,873 units year earlier, as per FADA. The commercial vehicle sales during the reporting month was also on an upward trajectory, growing two-fold on a year-on-year basis to 816 units, from 364 commercial vehicles sold in July 2023, it stated. Passenger vehicles, however, declined 2.92 per cent at 7,541 units in July, as against 7,768 units in the same month of last year, as per data. "The rising mark

Awaiting policy on hybrids, green tech: Maruti Chairman R C Bhargava

Japanese giants like Maruti Suzuki and Toyota are pushing for tax cuts on hybrids, arguing that electric vehicles (EVs) alone can't carry the emissions reduction load