Page 24 - Electric Vehicles

Mahindra lines up new products; firms up investments for electric future

Mahindra & Mahindra is lining up new products and investments while firming up production plans as it remains "very optimistic" about gradual evolution of electric vehicle penetration in the country over the next few years. According to a senior company official, the Mumbai-based automajor expects transition towards electric mobility to happen step wise with fleet and sports utility segments expected to lead the transformation in the domestic market. "Our internal research tells us that 25 per cent of the existing SUV buyers would like to consider an electric SUV as their next purchase. The research also tells us that over the next 2-3 years we will see this kind of transition happening," Mahindra & Mahindra Executive Director (Auto and Farm sectors) Rajesh Jejurikar told PTI in an interaction. He noted that five years from now the company expects about 20-30 per cent of its SUVs to be electric. Betting big on green mobility, Mahindra has lined up five new electric Sports ...

40% of electric vehicles in Delhi purchased after 2020 policy: Govt

The sales of electric vehicles have shot up since the implementation of the 2020 EV Policy in the national capital with over 40 per cent of these vehicles sold after the policy came, according to official data. Since 2020, September 9 is celebrated as World EV Day. According to official figures, the total number of electric vehicles in the national capital stands at over 1.64 lakh, out of which 67,063 electric vehicles -- till August 31 -- were purchased after the official EV policy was implemented in 2020. The major chunk of EV vehicles now being purchased are two-wheelers, for their being economical and pocket-friendly, according to officials. Delhi Transport Minister Kailash Gahlot in a video message lauded the Delhiites for adopting electric vehicles. He said that the more the electric vehicles on the roads of Delhi, the more will be the decline in pollution. The minister said that ever since the policy has been implemented, thousands of people have availed subsidy and road ta

MBSI to invest Rs 5,000 crore by 2025-end, says MD Shoji Shiraishi

MBSI has 3,300 units in its fleet and it expects to grow up to 9,500 units by the end of this year, Shiraishi told Business Standard in an interview.

Tata Motors expands EV range, to drive in Tiago's electric model this month

Tata Motors on Friday said it will roll out the electric version of its entry-level model Tiago later this month, in a step towards making environmentally friendly vehicles more accessible to customers. The Tiago EV would be the company's third product in the electric space after Nexon and Tigor, the Mumbai-based auto major announced on the World EV Day. Nexon EV and Tigor EV currently cater to the personal segment, while Xpres T is for the fleet segment. Tata Motors has set a target of introducing 10 electric models over the next five years. "Today, is a momentous occasion for us, as we announce the expansion of our EV portfolio further with a new mainstream intervention from the stable of Tata Motors, the Tiago EV," Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said. Earlier this year, the company had unveiled a three-phase approach towards building a comprehensive EV portfolio, he said. As the automaker accelerates its future journey, it is committed to lau

Tube Investments hits record high, up 22% in six trading sessions

On September 06, TI Clean Mobility (TCM), a subsidiary of Tube Investments of India, launched it electric vehicle - Montra Electric 3W Auto in Chennai.

Kinetic to launch Luna in electric avatar, expands capacity with new plant

Charts aggressive plans in its comeback trail

Easing commodity prices, supply snags to lift auto ancillary stks: Analysts

Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent.

India needs to move away from lithium-ion battery tech for EVs: V K Singh

India needs to get out of lithium-ion battery technology for electric vehicles at the earliest, as the country has no control over the commodity, union minister V K Singh said on Wednesday. In future, the country could also graduate to hydrogen fuel cells in its journey of green mobility and players in the sector need to work simultaneously on these technologies from now onwards, the minister of state for road transport and highways, Singh said here at the inauguration of EV India 2022, an electric vehicle motor show. There is a lot of work happening in the battery segment in India on how to reduce dependency on lithium-ion batteries, he said. Different researches are going on regarding the usage of sodium-ion and zinc-ion "because we would like to get away from lithium-ion", he added. India neither produces lithium nor does it have control over it and the country has to import it, the minister said. "There is a problem where lithium is concerned and the earlier we get out of it,

Volkswagen to list Porsche in one of biggest IPOs in years: Report

The offering could value Porsche at between 60 billion euros and €85 billion, equivalent to between $59.8 and $84.6 billion, according to analyst estimates

Murugappa enters EV mkt with TI Clean Mobility's Montra e-three-wheeler

Launch is part of the group's strategy to focus aggressively on EVs, with e-3W under the brand Montra Electric, electric tractors under Cellestial Egat, electric HCVs under Rhino 5536 brand

With $2 bn IPO in sight, this Chinese EV battery firm is a giant in making

CALB makes battery cells, modules and packs for electric vehicles and industrial-scale energy systems - both in high demand

HOP Electric to establish 60-acre EV park in Neemrana: CEO Mehta

Company will raise money for the project by taking debt and through equity sale, he says

Delhiites in favour of EV transition for delivery, e-commerce firms: Survey

A new consumer survey shows strong support from Delhi consumers for the proposed aggregator scheme of the city government which requires a time-bound transition to electric vehicles by last-mile delivery and e-commerce companies. The proposed scheme sets an April 30, 2030 deadline for the complete transition of Internal Combustion Engines (ICE) to electric vehicles (EV) among e-commerce, delivery and transport logistics service providers. Commissioned by the Sustainable Mobility Network and conducted by CMSR Consultants, the survey shows that 80 per cent of the 1,508 respondents in Delhi attributed last-mile delivery vehicles as one of the reasons for rising air pollution in the city. According to the survey, 95.2 per cent of the respondents agreed that a switch to EVs by delivery companies is important for addressing air pollution issues and mitigating climate change. The survey, conducted through a mix of offline on-ground interviews (70 per cent) and online survey responses (30

M&M to unveil Mahindra XUV 400 EV this week; here's what we know so far

The model, which is basically the electric version of the XUV300 sub-company SUV, was first showcased in 2020 at an Auto Expo

HOP Electric Mobility to invest up to Rs 200 cr for capacity expansion

HOP Electric Mobility plans to invest up to Rs 200 crore in next one year on new products, setting up charging infrastructure and in creating additional production capacity, according to company Founder & CEO Ketan Mehta. The startup, which on Monday launched its high-speed electric-motorcycle HOP OXO with prices starting at Rs 1.25 lakh, is also setting up an electric vehicle park at Neemrana in Rajasthan, jointly with its component suppliers. "Cumulatively, till now we've invested close to Rs 50 crore in this business and going forward we are ready to put in up to Rs 200 crore in less than next 12 months," Mehta told PTI. The fresh investments will go into setting up of charging network for the company's products, which will later be opened up to other brands. The investments will also be used on new products, including upgrading of HOP's low-speed electric scooters to high speed, besides the EV park which will also have a new production unit, he added. The new plant at Neemrana

Top Headlines: Unrealistic deadlines for EVs, Mistry's demise, and more

Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday.

'Unrealistic': Electric vehicle makers on new safety features deadline

The standards were discussed during a meeting hosted by Automotive Research Association of India (ARAI) last week

Automakers maneuvering with different gears to shift towards EV

Automakers are stepping on different roads towards eco-friendly mobility with home-grown firms like Tata Motors and Mahindra betting on electric vehicles, Japanese majors such as Toyota, Honda and Suzuki looking at hybrids as the bridge to reach the goal. The shift globally includes a family of electrified vehicle technologies (xEVs) which consists of SHEV (Strong Hybrid Electric Vehicle), FCEV (Fuel cell Electric Vehicle), BEV (Battery Electric Vehicle) and PHEV (Plug-in Hybrid Electric Vehicle). In India, it is mainly the battery electric vehicles (BEVs) and hybrids which are being rolled out by the leading automakers. Tata Motors and Mahindra & Mahindra have lined up massive resources to drive in multiple BEVs over the next few years. Similarly, Hyundai, Kia and MG Motor have also introduced battery electric models in the market. The country's largest carmaker Maruti Suzuki on the other hand is preparing to launch its first electric vehicle only in 2025. The auto major in the

Global EV powertrain systems market to reach $107 billion by 2029

As more countries adopt electric vehicles (EVs), the EV powertrain systems Market is set to reach $107 billion by 2029, according to a new industry report

Fire-safety norms for Li-ion battery could push up e-scooter prices by 10%

The government on September 1, through a notification, mandated additional safety requirements for lithium-ion batteries, to come into effect on October 1