Page 9 - Electric Vehicles

Akio Toyoda set to remain a force at Toyota, even as he bows out as CEO

Market reaction to Toyoda's announcement was muted - the automaker's stock price was little changed on Friday

India's electric vehicle dawn fans expectations fuel demand may peak early

The faster-than-anticipated industry growth means India's gasoline consumption will peak sooner than previously thought, some analysts and industry participants say

Maruti to roll out its first EV next fiscal, five more by FY30: Suzuki

EVs to constitute 15% of Maruti's total production by FY30

Govt subsidy halt pushes OEMs to drive electric vehicle prices up

A few, such as Hero Electric, keep the status quo on prices

Mumbai Airport plans to deploy over 100 EVs at facility by FY24: MIAL

Adani Group-owned Mumbai Airport has said it is looking to deploy more than 100 electric vehicles at the facility by FY24 to reduce its carbon footprint and promote sustainable transportation. As part of the plan, the airport operator on Wednesday rolled out 45 EVs at the facility, Mumbai International Airport Ltd (MIAL) said in a statement. The private airport operator also said it intends to replace all its ICE-powered vehicles with EVs as part of its Operational Net Zero mission by 2029. In addition to the 45 EVs being introduced in January, the airport is also exploring the deployment of 60 more EVs in the next fiscal year, including ambulances, forward command posts, security and airside operations and maintenance utility vehicles, it said. The remaining vehicles will be replaced in a phased-wise manner, the private airport operator added. Recently, the airport commissioned 12 DC fast EV charging stations at multi-level car parking and both Terminals 1 and 2, as well as the .

'Back to Bharat' trend picking up in EV, Hitech sectors, says CIEL

With the West facing economic recession, job losses happening and while the Indian economy is predicted to grow, "Back to Bharat" is gaining ground in the executive placement segment, said CIEL

Honda Motorcycle set to join two-wheeler EV race by March next year

It also announces 100cc bike to compete with Hero MotoCorp, Bajaj Auto & TVS Motor in low-end segment

TaMo, ICICI Bank tie up to offer financing solutions to its EV dealers

Tata Motors on Monday said it has partnered with ICICI Bank to offer financing solutions to its authorised passenger electric vehicle dealers. Under the partnership, ICICI Bank will provide inventory funding to the authorised passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models, Tata Motors said in a statement. "Our dealer network forms a part of our core support pillars, and through their constant effort, we ride the electrification wave in India. "We are confident that through this tie-up, we will make EVs more accessible and the EV purchase process a seamless and memorable experience for our customers," Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said. The EV dealers can avail flexible repayment tenures through the partnership, the company said. ICICI Bank Executive Director Rakesh Jha said the electric vehicle industry is growing at a rapid pace with the rising consumer

Automakers focus on low-cost battery powered SUVs in budding EV market

Homegrown manufacturers Tata Motors Ltd. and Mahindra & Mahindra Ltd. are now jostling with Chinese giants BYD Co. and SAIC Motor Corp

Govt support needed till EV penetration reaches desired level: Girish Wagh

Support provided by the government to promote electric and zero emission vehicles through schemes such as FAME II, need to be continued till penetration of such automobiles crosses a particular threshold with a good level of localisation, according to Tata Motors Executive Director Girish Wagh. There is also a case to consider the extension of the FAME II scheme, which will come to an end next year and include bigger electric buses to avail of subsidy, he told PTI. "The government has done a terrific job to promote, or more than promote I would say, ignite electric vehicle or zero emission vehicle demand. Whether it is FAME phase I, phase II, now PLI and state level incentives, a lot of policy measures, the government has really done a terrific job," he said. Wagh further said, "So, our expectation would be that the government continues with this till the electric vehicle penetration crosses a particular threshold where there is a good level of localisation. Once you have a particul

KTM chief says scope of electric vehicle mobility highly overrated

The head of Swiss sports bike maker KTM, which claims to be the world's No 1 premium motorbike brand and also sells tens of hundreds of e-bikes in Europe, is not confident of the capability of electric vehicles beyond a point and feels that optimism on this front is "highly overrated". KTM, which is primarily into high-end racing bikes, has a 50.1:49.9 manufacturing JV with Bajaj Auto. It will also be selling the electric model of the resurrected iconic Chetak scooters from the Bajaj stable in Europe from the first quarter of 2024. "The whole scope and capability of the concept of electric vehicle mobility is highly overrated. It's the result of mixing the laws of physics incorrectly and also by mis-reading the laws of energy," Stefan Pierer, the chief executive of Pierer Mobility that owns the KTM brand, told a select group of journalists at a media roundtable here. "I know it isn't easy to tell and convince the politicians about the sheer impracticality of attempting to make ...

Ather Energy plans to build new EV facility, produce 1 mn more 2-wheelers

Ather Energy said it is talking with several state govts for establishment of a factory to meet the demand as adoption of electric two-wheelers stabilises following several fire mishaps last year

Hero MotoCorp commences delivery of electric scooter VIDA V1 in Jaipur

Hero MotoCorp on Sunday said it has commenced deliveries of its electric scooter VIDA V1 in Jaipur with plans to introduce the brand in many other locations this year. The country's largest two-wheeler maker had earlier commenced deliveries of the model in Bengaluru. "We are now gearing up to expand our presence and further penetrate the market. Deliveries will next begin in Delhi," Hero MotoCorp Head Emerging Mobility Business Unit (EMBU) Swadesh Srivastava said in a statement. The company aims to propagate clean mobility through a seamless and hassle-free customer experience through an omni-channel approach, he added. VIDA currenty has experience centres in Bengaluru and Jaipur, and pop-up stores in Delhi-NCR, where customers can test ride VIDA V1. Deliveries in Delhi are expected to begin soon. Hero MotoCorp had launched VIDA V1 in October last year in two variants Pro and Plus. VIDA V1 competes with the likes of OLA S1 Pro, Ather 450X and TVS iQube.

Britishvolt: More evidence UK is losing race to capture growing EV market

The start-up had no track record developing technology and never confirmed how it would raise the £3.8 billion needed to start mass producing batteries, which reduces the average cost per battery

Kerala committed to implementing e-mobility policy, says CM Vijayan

He said subsidies are being offered for purchase of e-autos and for retro-fitting old diesel autorickshaws with electric motors and battery

Maharashtra govt approves M&M proposal to set up Rs 10k-cr EV plant in Pune

The two sides signed an agreement to this effect at the World Economic Forum in Davos on Wednesday, M&M Ltd said in a statement

India among top 3 auto mkts in the world, yet faces shortage of EV buyers

Over 4 million four-wheel vehicles were sold in India last year, surpassing Japan and coming in behind China and the US

Tata launches Nexon EV MAX XM at Rs 16.49 lakh; to hit market by April 2023

The automaker has also enhanced the range of its MAX variants to 453 km on a single charge

Ola Electric Profitable on Unit Sales: Chief marketing and revenue officer

"Through volume numbers and unit sales one can see, we are not making a loss," says Anshul Khandelwal

Maharashtra enters $2.5 bn partnership for EV battery-swapping stations

Maharashtra has entered a $2.5 billion partnership with Taiwan's Gogoro Inc and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state