Page 15 - Electric Vehicles

Bharat Forge: Diversification, lower input costs should reap benefits

Bharat Forge is the largest exporter in forgings components globally, with around 60 global customers and about 68 per cent of its revenue from exports

Stellantis to shut key Jeep Cherokee plant in US, lay off 1,200 in EV era

Stellantis said that the plant, which produces the Jeep Cherokee SUV, will cease production as of February 28

Not worried about being late in launching e-scooter: Yamaha India Chairman

Eishin Chihana tells Business Standard that his company wants to ensure quality and safety first

MIAL announces setting up of 6 fast EV charging stations at Mumbai airport

Mumbai International Airport said on Friday it has set up six fast Electric Vehicle (EV) charging stations at the facility as part of its plan to become carbon neutral. These public charging stations, installed at Terminal-1 and Terminal-2 will cater to both the passengers as well as the guests visiting the CSMIA, Mumbai International Airport Limited (MIAL) said in a statement. It also said that Chhatrapati Shivaji Maharaj International Airport Ltd (CSMIA) has commissioned these charging facilities at the multi-level car parking at Terminal 1 and Terminal 2 as well as on the airside. For privately owned EVs, commuters using the charging facility in the two parking areas would be billed only for charging sessions, it added.

Tesla to suspend output at its China factory partly due to slowing demand

Consumer demand for cars in China has been dented by the country's still strict approach to Covid

Top Headlines: No census before LS polls, HUL's health and wellbeing foray

Business Standard brings you the top headlines at this hour

Ather Energy, Greaves Cotton exit EV association SMEV, choose Siam

SMEV was set up primarily for electric two-wheeler players and start-ups in this space. Its membership restricts the entry of companies that have ICE operations and use petrol

FAME II: E2W makers want govt to delay localisation norms by 12-18 months

The supply chain for electric two-wheelers (E2Ws) is coming into shape but still not ready, argues the industry association SMEV

Net zero transition for $7 trillion

The world's decarbonisation journey will trigger a massive demand for investments

Apple delays launch of its electric vehicle 'Apple Car' until 2026

The vehicle won't have a fully autonomous driving or self-driving feature, but it will be able to drive itself on highways

EV charging biz may require up to Rs 1.05 trn investment by 2032: Report

Electric vehicle (EV) charging station business may require an investment to the tune of Rs 1.05 lakh crore by 2032 as the country is expected to need 2.30 lakh such facilities during this period, a report said on Wednesday. This massive investment will be required to cater to the growing demand for EVs, which is expected to grow at a compounded annual growth rate (CAGR) of 39 per cent, and the resultant requirement of power, credit ratings agency India Ratings and Research (Ind-Ra) said in its report. It also said that commercial EV charging stations are expected to be a major contributing factor in the penetration of these vehicles. Ind-Ra also believes EV penetration for the overall automobile industry would reach 40 per cent by FY32 from about 4 per cent this fiscal. According to the report, government's incentive schemes such as the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) and PLI (Production Linked Incentive) schemes for advanced chemistry cel

Ola Electric scales up as it plans to gain a lead over competitors

Company will be adding in-house manufacture of motors as well as cells, which account for the bulk of the cost of a scooter

More than 1.8 million electric vehicles registered in India: Gadkari

Union Minister Nitin Gadkari on Wednesday said more than 18 lakh electric vehicles are registered in the country, with Uttar Pradesh, Delhi and Maharashtra emerging as the leading states in EV sales. The road transport and highways minister, in a written reply in the Rajya Sabha, said the maximum number of electric vehicles has been registered in Uttar Pradesh (4,14,978), followed by Delhi (1,83,74) and Maharashtra (1,79,087). Gadkari further said Maharashtra has the maximum number of operational public EV charging stations (PCS) at 660, followed by Delhi (539) and Tamil Nadu (439). A total of 5,151 public EV charging stations are operational in India, he added. Replying to a separate question, Gadkari said with implementation of the electronic fee collection system, traffic congestion at fee plazas at highways has been reduced significantly. "In order to eliminate any congestion along National Highways, National Highways Authority of India (NHAI) is working on implementation of .

Rising battery prices threaten to derail arrival of affordable EVs

There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel and lithium

Mulling an IPO for Ola ride-share business next year, says Bhavish Aggarwal

'Looking at synergies with EV business, will announce details soon'

In 'white gold' rush, India kick-starts talks with lithium-rich nations

Move to help local cell manufacturing, boost EVs

Transition of India's entire 2/3-wheeler fleet to electric needs financing

The complete electrification of India's entire fleet of two and three-wheelers, the largest in the world, will require financing to the tune of USD 285 billion (nearly Rs 23 lakh crore), according to a new white paper. Published in collaboration with NITI Aayog, the World Economic Forum (WEF) paper said the last-mile and urban delivery fleets are leading the adoption of electric two-and three-wheelers in India and are likely the first segments to transition completely to electric. But driver-cum-owners are hesitant to make the transition to electric due to higher upfront cost of acquisition, lack of confidence in new technology, unassured reliability, and unestablished resale value, it added. Two-wheelers and three-wheelers account for over 80 per cent of vehicle sales in India and the adoption of electric vehicles has been steadily rising in the past few years. There are about 45 certified vehicle manufacturers of electric two-and three-wheelers in India in an otherwise consolidat

E-scooter race: TVS, Bajaj all charged up, notch up 10K registrations

The two key incumbent players, TVS Motors and Bajaj Auto, now account for around 15 per cent share of registrations in the month of November

Centre steps up audit of EV firms taking subsidies after complaints: Report

The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received, CNBC TV 18 reported on Wednesday, citing sources.

IIT Madras launches electric racing car; mulls driverless vehicle by 2025

The racing car will be featured at student-led formula championships like Formula Bharat in India in January and Formula Student Germany next August