Page 18 - Electric Vehicles

The opaque world of climate reporting

Investors, lenders, and stakeholders need a basis to accurately assess the impact of climate change on company operations. Sebi's climate change-reporting framework is well-intended but not adequate

New Tamil Nadu policy seeks Rs 75,000 cr investments in aerospace, defence

State targets 100,000 jobs in the sector as it seeks to be trillion-dollar economy by 2031

Central African Republic seeks Indian investors to mine gold, uranium

Landlocked in the heart of Africa, the Central African Republic is seeking Indian investors to mine its abundant natural resources ranging from oil, uranium and lithium to gold, diamonds, iron ore and copper. The African nation's Minister for Economy Lea Doumta, who led a delegation on a two-day visit here, said her country is "mighty impressed" with India's growth and development model and is keen to emulate it. "We see India as a role model and are keen to partner with its government and companies in our economic progress," she told PTI here. Bordered by Cameroon, Chad, the two Congos, and the two Sudans, the Central African Republic is one of the poorest nations despite its abundant natural resources. According to the World Bank, the former French colony has 470 minerals, with oil, gold and diamonds having the greatest potential. Diamonds account for nearly half of the country's total export earnings. A nation comparable to the size of Ukraine has the largest reserve of iron or

Tata Motors beats target, becomes India's first to roll out 50,000 EVs

The firm which entered EV market in 2020, is now focusing on a three-phased architecture approach for such vehicles and plans to launch 10 EVs in five years

54% Indians consumers concerned about EV quality, not range: Report

India's EV charging infrastructure is accelerating, with more public EV charging stations coming up

Cost, loan, tax: What to consider before buying an electric car

EVs are expensive but economical on the long run; they are likely to become more popular as charging infra improves

Tesla's former India policy chief to join e-scooter start-up Ather

Manuj Khurana, who quit his post as Tesla's local head of policy and business development in June, will start next week at Ather Energy

Ola Electric crosses 1 lakh production mark, says CEO Bhavish Aggarwal

The company sells three models of Ola electric scooters, Ola S1, Ola S1 Pro and Ola S1 Air

Ola Electric will miss target to fully utilise production capacity

Ola Electric will miss its target to fully utilise installed production capacity in next six to eight months and will achieve only 50 per cent of it by November 2023, founder and CEO Bhavish Aggarwal said on Friday. At the time of launch of the new S1 Air electric scooter ahead of Diwali last month, he had said the company was already producing more than 1,000 a day at its 'future factory' and would be scaling it up significantly beyond that. "We feel that in the next six to eight months we will exhaust the (current) installed capacity and we are also in parallel expanding our capacity in the future factory," he had said. Company officials had insisted that Ola Electric has a current capacity of 20 lakh units per annum at its factory and it would be exhausted in the next six to eight months. However, in a post on Twitter on Friday sharing the company's production targets, Aggarwal wrote, "Our cumulative production numbers: Dec 2021: 0; Nov 2022: 1,00,000; Nov 2023: 10,00,000; Nov .

Servotech Power Systems bags Rs 46 cr order from BPCL to supply EV chargers

Servotech Power Systems has bagged a Rs 46.2 crore order from Bharat Petroleum Corporation Ltd (BPCL) for supplying and installing a series of EV Chargers at different locations across the country in the next four months. The project to supply and install 800 units of DC fast EV Chargers has already been initiated from Delhi and is expected to be completed by March 31, 2023, a company statement said. The project will span across the country, equipping petrol pumps in major Indian cities with EV Charging capabilities on its course. As part of this project, Servotech will take care of installation, commissioning, and maintenance of DC fast chargers at a range of locations involving BPCL's retail sites and fuel and gas stations, as suggested by BPCL. The project will help ensure the deployment of e-mobility touchpoints that address transactions, availability, discovery, and navigation in order to give users of electric vehicles easy access to the charging network. "This project will

India's electric two-wheeler market may miss 1-million unit target

Supply-side glitches, impending govt regulations, fires, and delay in FAME II subsidy handout have forced start-ups to mothball ramp-up plans

Hero Electric to invest Rs 2,500 crore to launch 4 million units by 2026

The first stage of investment will roll out this year for a new factory in Rajasthan, where vendor units will invest another Rs 400 crore

A first for industry: Hyundai may ink pacts for direct power purchase

Such direct contracts will assist the carmaker in getting cheap power

Q2 results: Hero MotoCorp net profit falls 9% YoY to Rs 682 crore

Hero MotoCorp's consolidated net profit fell by 8.63 per cent YoY to Rs 682.28 crore in the second quarter of FY23 amid weakening rural demand

Indian EV makers 'not doing it right', says Gogoro CEO Horace Luke

Luke on Thursday launched Gogoro in India with a pilot project in collaboration with ZyppElectric

Europe leans on Asian firms for 'homegrown' electric vehicle batteries

French battery startup Verkor, for example, announced on Wednesday that it had raised 250 million euros ($249 million) to fund a megafactory

EV start-up MoEVing raises $2.5 mn from JSW Ventures for e-mobility biz

Funding will also support firm's expansion across multiple cities in India and team building across functions; current round brings MoEVing's total funding to $10 million

Switch Mobility aims to be in EV markets around the globe: CEO

Markets will come back after geopolitical turbulence and each company will have to make its own strategy, says Mahesh Babu

Tata Power and Indian Army to set up EV charging points in Delhi Cantt

Charging points for electric vehicles were inaugurated at Delhi Cantonment by Lt General Dhiraj Seth, general officer commanding of the area, on Wednesday. Power discom Tata Power Delhi Distribution Limited (TPDDL) has collaborated with the Indian Army for installing 17 fast charging points for EVs at Delhi Cantt. All the chargers are operational now, said a TPDDL statement. The chargers will be used for charging personal and official electrical vehicles of the Indian Army and the employees working in the Delhi Cantonment area. This is a unique initial step by Indian Army and TPDDL towards implementation of Government of India's National electric Mobility Mission Plan (NEMMP) and Indian Army's go green initiative, Lt Gen Seth said. He urged everyone to contribute towards the eco-friendly initiatives to maintain an emission free environment, a bounden duty mankind has towards future generations. The TPDDL is pleased to work with the Indian Army to set up convenient fast charging

BEL's sales trajectory will sustain on multiple growth opportunities

Investors may consider buying the stock on dips, say experts