Page 4 - Electric Vehicles In India

River Mobility plans to scale up ops; aims to open 100 stores by March

Bengaluru-headquartered electric vehicle startup River Mobility Pvt Ltd backed by marquee investors Yamaha Motor Corp, Mitsui & Company Ltd, aims to open 100 showrooms by March 2026, a top official said. The company under its expansion drive inaugurated its first store in Chennai and plans to open 15 more stores by November and 50 stores by March 2025 Chief Executive Officer, Co-Founder Aravind Mani said here. "We are very excited about the Chennai store. We have a lot of people from Tamil Nadu working in our facility (located outside Bengaluru). Chennai is a big EV market. The first store in Chennai is also the company owned operated store." Mani told PTI. Elaborating about the expansion plans, he said the company would open more retail showrooms in Chennai over the next one year and the second store in Tamil Nadu would come up in Coimbatore. "That is getting ready and Chennai will have at least four stores in the next one year." he said. Briefing about the company which ...

JSW MG Motor India christens first electric CUV model as MG Windsor

JSW MG Motor India on Thursday said it has named its first CUV electric vehicle as MG Windsor. In November, China's largest automaker SAIC Motor inked a joint venture agreement with JSW Group to accelerate the transformation and growth of MG Motor in India. MG Motor is a British brand that is owned by Shanghai-headquartered SAIC Motor. "We are excited to reveal the name of our upcoming CUV (Crossover Utility Vehicle) as MG Windsor. Windsor Castle is renowned worldwide. "The advanced tech offerings and the futuristic aerodynamic exterior further add to the appeal of the car. The MG Windsor caters to consumers who seek the best of both worlds comfort of a sedan and the expanse of an SUV," Satinder Singh Bajwa, Chief Commercial Officer at JSW MG Motor India, said.

EV startup Simple Energy raises $20 million in series A funding round

The funds will be used to scale up the production of Simple Energy's e-scooters, the Simple One and Simple Dot One

Jio Things launches MediaTek-powered 4G Android Cluster, Module for 2W EVs

Jio Things smart digital cluster is based on AvniOS, an Android Open Source Project-based operating system designed to offer real-time data analytics, customisable interfaces, and voice controls

Auto industry needs 200K skilled people by 2030 to meet 30% EV target

Indian automotive industry will need up to 2 lakh skilled people by 2030 to meet the government's vision of 30 per cent electric vehicle adoption, the Society of Indian Automobile Manufacturers said on Tuesday. A total talent investment of Rs 13,552 crore is expected for hiring and training the workforce. "As we look ahead, one of the major constraints the auto industry will face is the dearth of skilled electric vehicle capable manpower," Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said while addressing a workshop on empowering EV-ready workforce in the Indian auto industry. Aggarwal, who is also MD & CEO, Volvo Eicher Commercial Vehicle Ltd, pointed out the need for specialised domain skills in the areas of battery technology, powered electronics and motor design. "To keep the pace of global trends and make our auto industry a globally competitive industry, there is an urgent need that our workforce be equipped with new skills by upskilling, ...

Only 19 of 137 Chinese EV brands to be profitable by decade's end

While the average sale price of cars in China fell 13.4% in the past year, the average margin of automakers rose to 7.8% in 2023 from 6.3% the previous year

Xiaomi to showcase its first electric car SU7 EV on June 9 in India

Chinese technology company Xiaomi might not proceed with launching SU7 EV in the Indian market just yet, reports suggest. It aims to gauge the interest of Indian consumers in its electric cars

'Tesla's loss, not India's': Ola CEO Bhavish Aggarwal on Tesla's pullback

Elon Musk's Tesla has not responded to inquiries from officials in New Delhi and is no longer expected to invest in India

Is govt's new EV policy seeing a muted response from car companies?

The Ministry of Heavy Industries, responsible for automotive industry matters, has conducted one round of consultations with carmakers but has not yet secured significant commitments

In a first, Tesla deliveries expected to dip 6% for second straight quarter

Tesla has hit a speed bump after years of rapid growth that helped make it the world's most valuable automaker

EV sales drop 14% to 106,081 units in June, signalling challenges ahead

Sector experts suggest that the sharp decline could be due to a combination of factors such as changes in government policies and customers shifting interest towards hybrids

From US to Japan, here's how strongest car unions deal with EV job losses

In South Korea, Hyundai Motor Co. and Kia Corp.'s moves toward electrification are provoking similar anxieties in that country's highly active and organised labour movement

Argentina about to unleash four new projects to churn out lithium

So far in Argentina, the lithium industry has centered on the provinces of Jujuy, Salta and Catamarca

BII bullish on Indian EV ecosystem, expects to invest $300 mn in 3 yrs: MD

British International Investment, UK's development finance institution, is betting big on the Indian electric vehicles ecosystem and expects to invest another USD 300 million in the next three years, according to its MD and Head of Technology & Telecoms, Abhinav Sinha. The company, which has backed Mahindra group's electric vehicles (EV) arm besides other startups like Euler Motors, Turno and Battery Smart, has already invested around USD 300 million in the Indian EV sector and sees further investment opportunities in EV manufacturing, components and financing segments in the country. "India has quite an evolved auto market... On the EV side, the penetration right now lags the rest of the world... The (overall) penetration of EVs in India is something like 6 per cent and we see it quite easily expand, double and more than double quite quickly," Sinha told PTI in an interview. He further said, "the leader today is China, but for India to be significantly ahead of where it is ...

Indian e-two wheelers better than other nations: Ather Energy co-founder

Indian electric two-wheelers are better than any electric two-wheeler in the world and the country can outpace their global counterparts in terms of design and technology, said Ather Energy co-founder Swapnil Jain on Saturday. Speaking at the 'Meet Rizta' event in Nagpur, which saw the attendance of Union Minister of Road Transport & Highways Nitin Gadkari, Jain highlighted the strides made by Indian manufacturers and stressed the country has a unique opportunity to become a technology exporter. During the event, Ather showcased its latest family scooter, Rizta, and the innovative Halo helmet to an audience of community members and electric vehicle enthusiasts. Addressing journalists, Jain emphasised the government's supportive role, despite a reduction in subsidies. "Even with decreased subsidies, we are thriving thanks to the 'Made in India' initiative," he stated. Indian electric two-wheeler is better than any electric two-wheeler in the world, he said, adding that the country

Eye on the green future, auto companies line up over Rs 2 trillion

Last week Tata Motors, the country's market leader in electric vehicles (EVs), said it was planning to spend Rs 16,000-18,000 crore as capital expenditure on its EV arm till FY30

Electric 3-wheeler sales rise 23% in May; industry awaits FAME 3: FADA

May 2024 has witnessed a slight recovery in E3W sales after the sector saw major decline following the end of the FAME 2 scheme in March

Electric vehicle owners can soon sell surplus battery power back to grids

The vehicle-to-grid (V2G) technology, similar to rooftop solar schemes, allows EV owners to sell the electricity stored in their vehicles to the grid

Citroen inks MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs

French carmaker Citroen on Monday said it will supply 2,000 units of its electric vehicle e-C3 to urban e-mobility player CAB-EEZ Infra Tech Pvt Ltd over the year. The two companies have signed a Memorandum of Understanding (MoU), under which the first 100 units of e-C3 were flagged off, Citroen India said in a statement. This further augments 200 e-C3 units already part of the Cab-E fleet taking the total to over 300 units operating across Mumbai and Pune, it added. "Cab-E has been one of the early adopters of the e-C3. Their continued choice of this product is a validation of Citroen's proposition as a key player in promoting sustainable transportation solutions," Citroen India Brand Director, Shishir Mishra said. Cab-E Director & CEO Kuldip Ghosh said, "This partnership not only benefits stakeholders but also propels Cab-E to a leadership position in the electric urban mobility market." Citroen e-C3 offers a range of 320 kilometre (ARAI-certified) per single charge and can ...

Looking forward to 'exciting work' in India, says Musk; congratulates Modi

American tech billionaire Elon Musk on Friday said he is looking forward to his companies doing "exciting work" in India as he congratulated Prime Minister Narendra Modi on his historic election victory. Modi will be administered the oath of office on June 9, his third consecutive term as Prime Minister. Congratulations @narendramodi on your victory in the world's largest democratic elections! Looking forward to my companies doing exciting work in India, Musk said in a post on X. The congratulatory message came two months after the CEO of the electric carmaker Tesla and microblogging platform X in April postponed his proposed visit to India due to "very heavy Tesla obligations". Musk -- who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Modi -- later wrote on X that he is looking forward to coming to India later this year. In June last year, Musk met with Modi during the latter's US visit and stated that he planned to visit India in 2024 while