Page 54 - Electric Vehicles

Hyundai lines up Rs 4,000 cr investment to drive in 6 EVs in India by 2028

South Korean auto major Hyundai plans to invest around Rs 4,000 crore to drive in around six electric vehicles in India by 2028. The company is planning to roll out a mix of models based on its existing range as well as completely new vehicles based on its global platform 'E-GMP' over the next few years. In an interaction with PTI, Hyundai Motor India MD & CEO S S Kim said that the company is gearing up to expand its presence in the EV space in the country in a big way with the first of the six new products being expected to debut next year. The company would invest around Rs 4,000 crore in the R&D towards the six-model line up till 2028. "As we continue to redefine the mobility space, today we are yet again showcasing our commitment towards Indian customers with the announcement of expanding our BEV line-up to six vehicles for the Indian market by 2028," Kim said. The company is taking experiences beyond mobility and are strongly focusing on intelligent technology, ...

Hyundai plans six electric vehicles by 2028, to invest Rs 4,000 crore

The company plans to have an EV presence in all segments -- from the mass market to SUVs

Ather Energy expands Guj retail biz; starts 1st experience centre in Surat

The new experience centre will be the brand's second retail outlet in Gujarat. The expansion is driven by strong consumer demand for the Ather 450X and 450 Plus electric scooters in the State

EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore

To roll out its first two-wheeler in H1 of 2022, inks MoU in electric mobility and energy storage solutions

Goa CM launches Electricity Mobility Promotion Policy to promote e-vehicles

The policy's main objective to launch the policy is to promote use of battery-driven vehicles and create jobs for the people of the state, Sawant said

Tata Power, ama Stays & Trails tie up to set up EV charging stations

Tata Power has collaborated with am Stays & Trails, India's first branded homestay portfolio by Indian Hotels Company Ltd, to set up EV charging stations at over 30 of its villas and heritage bungalows across 11 destinations. A rising demand for sustainable transport infrastructure has resulted in an increasing number of hospitality brands investing in electric vehicle (EV) charging points, a statement said. The collaboration is a step forward in catering to the evolving needs of environmentally-conscious customers by reducing their travel carbon footprint and embracing a more sustainable future. This marks an important step for both flagship Tata Group companies in furthering their commitment towards adopting more sustainable and cost-efficient business practices. Under the partnership, Tata Power EZ Charge has established EV chargers for guests staying at the am Stays & Trails homestays. Tata Power has deployed an extensive EV charging infrastructure with over 1,000 EV ...

EV maker Etrio expands footprint to Maha; sets up dealership in Mumbai

At its Mumbai dealership, Etrio will showcase and sell its wide range of electric vehicle models

Bounce launches Infinity E1 electric scooter, priced at Rs 68,999

Vehicle will be offered with a unique 'Battery as a service' option--the first in Indian market; firm is setting up another plant in the south, has kept $100 million for EV biz over the next one year

Musk's Tesla enters India in 2021, still remains in test mode

Tesla in 2021 was busy testing Model 3 at several locations, but concrete steps are yet to be taken to finally roll out the most coveted electric car for its fans in India

Bounce launches Infinity E1 e-scooter at starting price of Rs 45,099

The scooter with battery and charger is priced at Rs 68,999 (Delhi Ex-showroom)

If given PLI, we'll make India a hub, say electric cycle companies

The Indian cycle industry (including e-cycles) is estimated to be 22 million units pa with revenues of $1.3 billion.

Nissan to spend $17.6 billion over 5 years in electrification push

Nissan will be spending twice as much as it did in the previous 10 years for a share of the EV market

E-two wheeler boom: Existing ones ramp up, more starts-ups get set to enter

Most manufacturers have seen the demand far outstrip the supplies prompting them to undertake expansion sooner than they had planned

Ather Energy commissions second plant, to invest Rs 650 cr in 5 years

The firm sees 4x growth in bookings in the first seven months of the fiscal, claims to be the largest e-2 wheeler maker by value

Nupur Recyclers to set up 200 EV charging points, battery swapping stations

Nupur Recyclers on Monday said it plans to set up 200 charging points and several battery swapping stations in association with EVI Technologies

Nissan to spend $17.6 bn over 5 years to increase vehicles' electrification

Nissan Motor Co announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification

Nissan Motor say to spend $17.6 billion to accelerate electrification

The company in a press release said it will introduce 23 electrified vehicles by 2030

Scooter rental startup Bounce partners with Park+ for battery swap infra

Electric scooter rental startup Bounce announced its collaboration with parking solution platform Park+ for setting up battery swapping infrastructure at more than 3,500 locations

Xiaomi auto plant reportedly to have 300,000-unit capacity

The firm has pledged to invest $10 billion in the EV business over the next decade

CESL inks pact with IIT Bombay to establish EV charging infrastructure

State-owned CESL on Friday signed a Letter of Association with the Indian Institute of Technology Bombay (IIT-B) to implement electric vehicle charging infrastructure across the country. Convergence Energy Services Ltd (CESL) is a wholly-owned subsidiary of Energy Efficiency Services Ltd. Under this association, both parties will collaborate to work on technological advancements in the electric vehicle charging domain by development of flagship products, standardization of technical specifications, solutions for meeting EV charging capabilities, and customized solutions for Indian EV charging ecosystem. The letter of association (LoA) was signed by Mahua Acharya, MD and CEO, CESL and Professor AM Pradeep, Associate Dean of Research & Development, IIT-B. "Developing a viable landscape with strong EV infrastructure is the key to cultivate consumer confidence in electric vehicles and CESL is proud to be progressively spearheading initiatives to promote e-mobility in India. Our