Page 6 - Electric Vehicles

Samvardhana Motherson to buy SAS from Faurecia for Rs 4,790 crore

EV business constitutes almost half of the total net revenues of SAS. It manufactures cockpit modules and other components for EVs of European companies such as Volkswagen, Skoda, Mercedes, Porsche

Ban on non-electric 2-wheeler registration in Chandigarh put buyers in fix

Hundreds of customers are in a fix due to the Chandigarh administration's policy of stopping registration of petrol-powered two-wheelers for the rest of the 2022-23 fiscal, according to sources. As per the notice by the Registration and Licensing Authority (RLA), the registration of ICE (internal combustion engine) two-wheelers in the city has been stopped since February 10 for this fiscal ending March. According to industry sources, people who have bought two-wheelers are now unable to get their High-Security Number Plates (HSRP) and physical RC copies, and use their new vehicles as dealers are not able to complete the registration process on the Vahan portal. A dealer on the condition of anonymity said, "Such a rule is arbitrary and takes the choice out of the customer's hands. People who have already bought their 2-wheelers or are about to buy are now stuck. Two-wheelers are a source of livelihood for many of those people. "The policy is drafted without considering practical ...

Ola to invest Rs 7,614 cr in TN to make electric cars, lithium-ion cells

On Saturday, Ola Electric Mobility signed the deal through its subsidiary companies Ola Cell Technologies (OCT) and Ola Electric Technologies (OET)

Delhi, Maha, Haryana, UP have most comprehensive EV policies: Report

Delhi, Maharashtra, Haryana, and Uttar Pradesh have the most comprehensive electric vehicle policies with the widest range of parameters, including budget allocations, charging infrastructure and job creation, according to a new study. The study by Climate Trends, 'Analysis Of State Electric Vehicle Policies And Their Impact', assesses the comprehensiveness of EV policies of 26 states and Union territories based on 21 parameters. Arunachal Pradesh, Manipur, Himachal Pradesh, Ladakh, Kerala, and Uttarakhand offer between three to seven of the 21 defined parameters in their policies, making them the least comprehensive, it said. Of the 26 states and UTs which have released EV policies over the last five years, 16 of them have been released between 2020 and 2022, it said. None of the eight states -- Andhra Pradesh, Bihar, Karnataka, Kerala, Madhya Pradesh, Tamil Nadu, Telangana and Delhi -- that released their policies before October 2020 are on track to meet their targets of EV ...

Indian electric scooter maker Ather installs over 1000 fast-charging units

The Ather Grid App allows scooter owners to locate and check the availability of the nearest charging stations in real-time

Ather Energy aims to install 2,500 charging stations by this year-end

Electric two-wheeler maker Ather Energy on Thursday said it plans to install over 2,500 charging stations by this year-end to facilitate a hassle-free transition to EVs. The company has already installed over 1,000 fast charging stations across 80 cities in the country. The Ather Grid (charging station) is today the biggest fast-charging network for two-wheeler EVs in the country with 60 per cent of current installations in Tier-II and Tier-III cities, the Bengaluru-based company said in a statement. "A robust charging infrastructure is one of the major drivers in accelerating faster adoption of electric vehicles. As a brand focused on building a vibrant EV ecosystem, we have made strong investments in building what is already India's largest public fast-charging network," Ather Energy Chief Business Officer Ravneet Phokela said. The company is accelerating its scale up, and also adding Neighbourhood Charging - a charging solution focused on semi-private spaces such as apartment ..

Ford stops production, halts shipment of electric F-150 after battery fire

Ford Motor Co. has suspended production and halted shipments of the F-150 Lightning electric pickup after a battery caught fire during a pre-delivery quality check. Production at Ford's Rouge Electric Vehicle Center in Dearborn, Michigan, has been stopped until at least the end of next week. The automaker said in a statement Wednesday night it has no reason to believe electric pickups already in use by customers are affected by the battery issue. By the end of next week, we expect to conclude our investigation and apply what we learn to the truck's battery production processes, Ford spokeswoman Emma Berg said in the statement. This could take a few weeks. The fire happened at an outdoor lot nearby in Dearborn where vehicles are held for quality checks. The truck with the battery problem and two nearby vehicles were damaged by the fire, Berg said. No injuries were reported. The company believes it has identified the root cause of the battery problem, including the likely population

Mufin raises $7 million in green bond from Symbiotics Investments

Electric vehicle financing firm Mufin said on Wednesday it has raised USD 7 million (around Rs 58 crore) in green bond from Symbiotics Investments. With the issuance of this green bond, the company plans to strengthen its retail EV portfolio for two- and three-wheelers (mainly electric-rickshaw and electric three-wheeler vehicles) across the country, Mufin said in a statement on Wednesday. The bond forms part of the USD 75-million green basket bond programme structured by Symbiotics Investments in partnership with British International Investment (BII). Mufin said it has set a goal to initially connect with 5,000 consumers and then increase its reach to surpass 1,00,000 by expanding this partnership. "Mufin has received green bonds from Symbiotics Investments that will help us achieve our green financing goals. With the acquired funds, we strive to remove the roadblocks for e-rickshaw drivers, sellers and dealers to shift to electric vehicles," said Kapil Garg, founder of Mufin Gre

Electric vehicle manufacturer EKA Mobility bags order of 310 electric buses

With this order, EKA Mobility's order book has grown significantly, with more than 500 electric buses and over 5,000 electric light commercial vehicle orders in the pipeline

EU formally bans gas, diesel car sales from 2035 to boost EV transition

In a move to boost the transition to electric vehicles (EVs), the European Parliament has approved the law to ban the sale of new gas and diesel cars in the EU, starting in 2035.

FAME: Electric 2-wheeler manufacturers deny allegations of non-compliance

Allegations have been made that the manufacturers are availing subsidy benefits without complying with the localisation requirements

TVS Motor in talks with ADIA, Goldman, Carlyle for EV investment: Report

The $300 million to $350 million investment would value TVS at about $3 billion to $3.5 billion, likely making it India's most valuable EV two-wheeler manufacturer, ET said

Supply uncertainty, EV push bring challenges to city gas distributors

Apart from hardships for domestic consumers using it for cooking, the rise in CGD prices indirectly has an impact on the government's goal of achieving 15% share of natural gas in the energy basket

Govts must speed up investments in EV charging infra: Volvo Cars

Some customers will hold back from buying EVs due to lack of such infra

Tamil Nadu's new EV policy offers incentives for manufacturers, users

State offers subsidies and tax breaks, will declare six cities as EV cities

Tamil Nadu's new EV policy offers various incentives for the sector

Reimbursement of state goods and services tax (SGST), investment and turnover based subsidy, advanced chemistry cell subsidy, electrification of public and commercial transport.

Piaggio Vehicles announces entry of Ape Electrik 3-wheeler in Philippines

Piaggio Vehicles Pvt Ltd (PVPL), the Indian subsidiary of Italian auto major Piaggio Group, on Tuesday announced the entry of its electric three-wheeler Ape Electrik in the Philippines for last-mile mobility. The electric three-wheeler will be manufactured at PVPL's Baramati manufacturing facility in Maharashtra. "For Piaggio Vehicles, entry into the Philippines is a stepping-stone towards accelerating the adoption of EVs across the world and towards a sustainable planet. "We see huge export potential to the market and also aim to meaningfully contribute to their EV ambitions," said Diego Graffi, Chairman and Managing Director, Piaggio Vehicles Pvt Ltd. These vehicles will be powered by the SUN Mobility's advanced battery-swapping technology. To be available in the Philippines through a subsidiary of Rusco Motors Inc, the vehicle will be the country's first electric three-wheeler for last-mile mobility, it said. SUN Mobility has further strengthened its association with Piaggio a

Ford to build $3.5 bn EV battery plant in Michigan, employ 2,500 people

Ford Motor Co. plans to build a $3.5 billion electric vehicle battery plant about 100 miles (160 kilometers) west of Detroit that would employ about 2,500 people. The plant was revealed Monday at a meeting of the Michigan Strategic Fund, which approved a large tax incentive package for the project near the city of Marshall. It will be built on a site that's being readied for industrial development near the junction of Interstates 94 and 69. Gabby Bruno, director of economic development for Ford, said there was no lack of competition for this project. She said Michigan competed against numerous states and countries to secure the investment. Ford has scheduled press conferences later Monday to make electric vehicle announcements. About $210 million for the Ford plant came from Michigan's Strategic Outreach and Attraction Reserve Fund, known as SOAR, set up to lure industry and jobs to the state. But the total size of the incentive package wasn't clear. The SOAR Fund has received n

Nissan, Renault to invest Rs 5,300 cr in India to make 6 new models

Alliance announces country plan to increase production, scale up research and shift to carbon-neutral manufacturing

New 'diverse' management team at Toyota Motor has no woman

Firm to accelerate shift in EV strategy