Page 22 - Electric Vehicles

Analysts remain bullish on Tata Motors as company drives in Tiago EV

Analysts at Nomura expect the Tiago EV to sell 3,000 - 5,000 units per month, and its overall EV sales to touch 60,000/ 96,000 in FY23/24

Godi India manufactures super capacitors to improve battery life in EVs

Market for device that can store a large amount of energy is expected to be worth $25 billion by 2030 globally

Top Headlines: FinMin won't exhaust forex for rupee; govt extends PMGKAY

Amid fast-depleting forex reserves, the Finance Ministry signalled that it was not in favour of selling the dollar to defend any particular level of the rupee

TaMo takes a shot at mainstreaming EVs with sub-Rs 10-lakh priced e-Tiago

India's first electric car is acknowledged to be the Lovebird, from Eddy Current Controls (India) in 1993

Tata Motors lines up electric models; drives in Tiago EV at Rs 8.49 lakh

Betting big on electric mobility, Tata Motors is gearing up to drive in a range of models across multiple price points as it expects the portfolio to account for more than 30 per cent of its overall sales by the end of this decade. The home-grown auto major also aims to keep investing on new models with conventional (petrol, diesel) and CNG powertrains as it expects the demand to remain robust even after 2030. On Tuesday, the company expanded its electric vehicle portfolio in the country with the launch of Tiago EV with introductory prices for first 10,000 customers ranging between Rs 8.49-11.79 lakh (ex-showroom). The company said 2,000 units will be reserved for the current owners of Nexon EV and Tigor EV. Tiago EV is now the most accessible electric passenger vehicle brand in the country and also the most affordable in the company's electric vehicle range. Tata Motors already sells Tigor EV and Nexon EV in the domestic market priced between Rs 12.49-19.84 lakh (ex-showroom) Wi

Jaguar Land Rover to train 29,000 workers, dealers for EV transition

Jaguar Land Rover said it would retrain thousands of highly skilled automotive engineers and production employees, who previously worked on the development of internal combustion cars

Oops! Wrong Hyundai. Govt's industrial policy misfires again with PLI gaffe

Picking the wrong Hyundai is just embarrassing. Going down a protectionist path reminiscent of the country's own, impoverished socialist past is the bigger folly

EV battery makers get more time to comply with new safety norms

New standards now applicable in two phases --- December 2022 and March 2023

Motovolt Mobility plans to invest Rs 200 crore next year for expansion

Electric two-wheeler maker Motovolt Mobility on Tuesday said it plans to invest Rs 200 crore next year on new products and to expand its manufacturing footprint and sales network. The company, which on Tuesday launched its electric bike URBN in two variants priced at Rs 49,999 and Rs 54,999, is looking to set up satellite manufacturing units to be closer to the market. "We have a plant at Kolkata now. We are looking to set up satellite manufacturing units in North and South India so that we can be closer to the market," Motovolt Mobility Founder and CEO Tushar Choudhary told PTI here. The Kolkata plant has an annual capacity of 50,000 units. "In the next phase, we are looking at capacity of one lakh annually for which we are considering a new unit, preferably in North India as Delhi is an attractive market for us considering the incentive we are getting for the URBN e-bike," he added. The company is targeting sales of 50,000 units by March 2023, he added. When asked about investm

Omega Seiki Mobility to supply over 5K electric cargo 3-wheelers to Porter

Omega Seiki Mobility (OSM) will supply over 5,000 electric cargo three-wheelers to Porter for last-mile delivery under a collaboration with the logistics operator, the company said on Tuesday. The vehicles are to be delivered to Porter by 2023. The logistics firm already has 1,000 EVs in its fleet and it is looking to expand it five times by next year, it said. Consumers across the world, including in India, have been shopping online in much larger numbers than earlier, increasing the demand for green mobility in the last-mile delivery solutions. The collaboration with Porter is aimed at catering to the surging demands in this space, the company said. According to a recent report, India's e-commerce firms are expected to see 28 per cent year-on-year sales growth at USD 11.8 billion during the festive month with a spurt in the fashion category. "We are seeing the last and middle-mile segment for the trucks growing significantly stronger with demand coming in not just from the ...

NITI Aayog-led $1 billion fund for two-, three-wheeler EV financing soon

The fund will be used to provide guarantees against defaults on loans taken to buy electric two-, three-wheelers

Centre freezes subsidy of EV makers for violating PMP norms under FAME-II

Under the FAME-II scheme, the government releases incentives for various categories of EVs to OEMs. It has an outlay of Rs 10,000 crore

LML plans to raise up to Rs 500 cr; first product in 2nd half of 2023

LML Electric plans to raise up to Rs 500 crore to fund setting up of its own manufacturing plant and scale up business, according to company MD and CEO Yogesh Bhatia. The company is gearing up to launch its first product in the Indian market in the second half of 2023 to mark the return of one of the popular two-wheeler brands of yesteryears, LML in an electric reincarnation. LML Electric has already entered into a partnership with Saera Electric Auto Pvt Ltd, which had acquired American cult bike maker Harley Davidson's manufacturing plant at Bawal in Haryana, to roll out its products in the initial phase. "We are planning to launch three products and all are in different categories. Our first product, an electric bike (bicycle), is coming in the first half of 2023 for the European and the US market. Our second and third products will be launched in the second half of 2023 for India and other markets," Bhatia told PTI. The second product will be a "hyper bike" -- a crossover betwe

Tesla recalls 1.1 mn vehicles to prevent drivers from pinching by windows

Elon Musk-run Tesla has recalled around 1.1 million vehicles to prevent drivers from getting pinched by the windows while being rolled up

M&M in talks to raise up to $500 mn for EV push, says report

Mahindra is in early talks with global green funds and private equity firms, says a source with direct knowledge of the matter

Chinese automaker launches Tesla-inspired electric car at just $26,000

Chinese automaker Changan Automobile has unveiled a new electric vehicle that resembles the Tesla Model 3

Govt takes PLIs back to the drawing board amid critical challenges

With this signature manufacturing scheme facing critical challenges, the government is reworking parts of the programme in consultation with companies

Electric planes: Short-hop regional flights may run on batteries soon

Electric planes are coming: Short-hop regional flights could be running on batteries in a few years

Over half of US car sales will be electric by 2030 fuelled by Biden's push

Just over half of passenger cars sold in the US will be electric vehicles by 2030, according to a report from BloombergNEF

Why are electric vehicles still so expensive? Blame the manufacturers

EVs are built with fewer parts than regular cars, and they're often sourced from other companies