Page 31 - Electric Vehicles
UK's BII, M&M to invest $500 million in new EV entity valued at $9 billion
The total capital infusion for the EV Co. is envisaged to be approximately Rs 8,000 cr/$1 billion between FY24 and FY27
 "UK's BII, M&M to invest $500 million in new EV entity valued at $9 billion")
Chhattisgarh govt approves electric vehicle policy to create employment
The state government will allocate 500-1,000 acres for developing an EV park, which will have an incubation centre for start-ups
 "Chhattisgarh govt approves electric vehicle policy to create employment")
Tata Chemicals has no EV plant plan, lines up Rs 5,000-crore capex
Tata Chemicals' consolidated turnover for financial year 2021-22 (FY22) grew 24 per cent to Rs 12,622 crore over the previous year
 "Tata Chemicals has no EV plant plan, lines up Rs 5,000-crore capex")
EV maker Rivian's deliveries nearly quadruple as it ramps up production
The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to 4,401 vehicles in the quarter
 "EV maker Rivian's deliveries nearly quadruple as it ramps up production")
Tata Motors wins case against firm that won contract to supply e-buses
Tata Motors had challenged the tender Brihanmumbai Electric Supply & Transport awarded to Evey for supplying 2,100 electric buses
 "Tata Motors wins case against firm that won contract to supply e-buses")
Godi India to set up lithium-ion cell giga factory; gets BIS certification
Godi India is the first in the country to have certification from the Bureau of Indian Standards' for lithium-ion cells made using its home-grown technology
 "Godi India to set up lithium-ion cell giga factory; gets BIS certification")
Bajaj Auto looks to sell its e-scooter Chetak from 75 locations in FY23
Witnessing a robust demand for its electric scooter Chetak, Bajaj Auto plans to scale up the sales infrastructure for the model to 75 locations across the country in the current fiscal.
 "Bajaj Auto looks to sell its e-scooter Chetak from 75 locations in FY23")
Centre sends show cause notice to Ola Electric, Okinawa, others on EV fires
Alarmed at the unabated EV fire incidents, the Centre has now sent show cause notices to EV manufacturers like Ola Electric, Okinawa Autotech and Pure EV, among others
 "Centre sends show cause notice to Ola Electric, Okinawa, others on EV fires")
Govt mulls penalising companies for EV fire as voluntary recall begins
Nearly 7,000 e-two-wheelers taken off the roads; show-cause notice to companies sent based on findings of a report by a DRDO laboratory
 "Govt mulls penalising companies for EV fire as voluntary recall begins")
Electric vehicles brace for trial by fire as firms remain optimistic
Between January-June, the eight players registered collectively a total of 212,000 electric scooters
Tata Motors targets five-fold rise in electric vehicle sales by FY24
Will look to sell 100K units by next year, said Tata Motors chairman N Chandrasekaran
 "Tata Motors targets five-fold rise in electric vehicle sales by FY24")
143 EVs registered in Delhi daily till June 30; over 25,000 sold in 6 mnths
The account of the electric vehicles in overall vehicle registration was 9.3% in the first half of 2022, against 5.6% recorded in the whole of 2021
 "143 EVs registered in Delhi daily till June 30; over 25,000 sold in 6 mnths")
HM-European co JV likely to launch two-wheeler EVs by next year
With a current employee strength of around 300, Bose said people will be chosen for the new project according to suitability
 "HM-European co JV likely to launch two-wheeler EVs by next year")
Ola Electric slips to 4th spot as EV registrations fall amid fire fears
As customers delay purchasing electric two-wheelers amid fire incidents, Ola Electric again saw its registration dipping in the month of June, taking the company to 4th place in the overall category
 "Ola Electric slips to 4th spot as EV registrations fall amid fire fears")
Karnataka CM calls for affordable electric vehicles for common people
Karnataka Chief Minister Basavaraj Bommai on Friday said manufacturers should focus more on making affordable electric vehicles for the common people
 "Karnataka CM calls for affordable electric vehicles for common people")
Toyota Kirloskar drives in first mass-market hybrid car in India
Japanese carmakers taking the hybrid route for cleaner mobility in India
 "Toyota Kirloskar drives in first mass-market hybrid car in India")
Tribunal allows Hero MotoCorp to use 'Hero' trademark for its EVs
Electric two-wheeler maker Hero Electric had sought an injunction against Hero MotoCorp using the 'Hero' trademark for its electric vehicles
 "Tribunal allows Hero MotoCorp to use 'Hero' trademark for its EVs")
Road fuel demand peaks in 2027
In just five years from now, global road fuel demand is seen peaking
Govt probe panel finds safety flaws behind electric two-wheeler fires
The expert committee has found that the EV manufacturers offered no mechanism to identify overheating of cells and isolate failed battery cells
 "Govt probe panel finds safety flaws behind electric two-wheeler fires")
Australian govt prioritizes reducing greenhouse emissions and cheaper EVs
The new center-left Labor Party government expects EVs will account for 89 per cent of Australian new car sales by 2030
 "Australian govt prioritizes reducing greenhouse emissions and cheaper EVs")