Page 4 - Electric Vehicles In India
13 states have approved, notified dedicated EV policies: Minister
As many as 13 states, including Andhra Pradesh, Delhi and Karnataka, have approved or notified dedicated policies to promote the adoption of electric vehicles (EVs), Parliament was informed on Monday. In a written reply to the Rajya Sabha, Minister of State for Heavy Industries Krishan Pal Gurjar said that as per information received from the Automotive Research Association of India (ARAI), battery is an important part of electric vehicles and it is estimated that battery price is around 30-40 per cent of the vehicle price. "Thirteen states (Andhra Pradesh, Delhi, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, Meghalaya, Gujarat, West Bengal) have approved/notified dedicated EV policies to promote adoption of electric vehicles," he said. In a separate reply, he said the National Electric Mobility Mission Plan (NEMMP) 2020 is a national mission document providing the vision and the road map for the faster adoption of electric vehicl
 "13 states have approved, notified dedicated EV policies: Minister")
You won't see Teslas in India anytime soon: Elon Musk will tell you why
The country's age-old, protectionist instincts have kept out international auto companies for decades.
 "You won't see Teslas in India anytime soon: Elon Musk will tell you why")
e-Nexon to contribute 5% of company's PV sales soon: Tata Motors CFO
Firm plans to launch 10 electric vehicles by 2025, N Chandrasekaran, chairman, Tata Motors said in a letter to shareholders
 "e-Nexon to contribute 5% of company's PV sales soon: Tata Motors CFO")
About 90% consumers in India willing to pay a premium for buying EV: Survey
The top reason for buying an EV is environmental concern
 "About 90% consumers in India willing to pay a premium for buying EV: Survey")
Analysts prefer auto ancillary stocks over OEMs as states push EV policies
Nomura believes that if new players' vehicles sell well, multiples of incumbent OEMs like Hero MotoCorp and Bajaj Auto may de-rate
 "Analysts prefer auto ancillary stocks over OEMs as states push EV policies")
Magenta sets up largest public EV charging station in Navi Mumbai
EV solutions provider Magenta announced setting up of the country's largest public EV charging station in Navi Mumbai as part of its plans to provide 4,000 charging facilities by March next year.
 "Magenta sets up largest public EV charging station in Navi Mumbai")
India's electric vehicle sales to grow at 26% in FY21-23: Fitch Solutions
The recently announced EV incentives by India along with high fuel prices will be supporting factors for stronger adoption over 2020-2023, leading to an average annual growth rate of 26%, Fitch said
 "India's electric vehicle sales to grow at 26% in FY21-23: Fitch Solutions")
TVS Motor slashes price of iQube electric scooter by Rs 11,250
The electric scooter is now priced at Rs 1,00,777 in Delhi
 "TVS Motor slashes price of iQube electric scooter by Rs 11,250")
Delhi Govt to begin single window facility for EV-charging scheme
The electric vehicles scheme of Delhi government was launched last year aiming to reduce fuel-running vehicles up to 25 per cent by 2024.
 "Delhi Govt to begin single window facility for EV-charging scheme")
Status check: Are there enough charging points to make EVs viable?
With one-fourth the range of gasoline powered vehicles on a full tank, EVs have seldom been the primary vehicles of choice and evoke, what is called, "range anxiety"
 "Status check: Are there enough charging points to make EVs viable?")
These entrepreneurs are turning their fleet into e-scooters after Covid hit
Bounce has crossed six million km on its electric scooters fleet, using a network of kirana owners, who have enabled over 150,000 battery swaps
 "These entrepreneurs are turning their fleet into e-scooters after Covid hit")
Ola Electric to set up world's largest EV two-wheeler charging network
Ola Hypercharger Network will also be the densest network, spread over 400 cities with more than 100,000 charging points
 "Ola Electric to set up world's largest EV two-wheeler charging network")
Sales of electric vehicles in India fell 20% to 236,802 units in FY21: SMEV
Society of Manufacturers of Electric Vehicle (SMEV) on Thursday said sales of EVs in India fell 20 per cent in the financial year 2020-21 to 2,36,802 units
Hyundai Motor to phase out Kona EVs in domestic market amid recalls
The firm looks to shift its focus to Ioniq 5 EVs
 "Hyundai Motor to phase out Kona EVs in domestic market amid recalls")
Bajaj puts brakes on bookings of e-scooter Chetak due to high demand
Attributes move to supply chain uncertainties, receives 'overwhelming' response for model
 "Bajaj puts brakes on bookings of e-scooter Chetak due to high demand")
Can EV manufacturer Tesla win India? Most US carmakers have failed
Most American car-makers have failed in making their gambit one to watch
 "Can EV manufacturer Tesla win India? Most US carmakers have failed")
EV start-ups feel the spark of recovery, kick-start post-pandemic biz plans
Overall, the past year has forced the EV industry to think differently in terms of sourcing components
 "EV start-ups feel the spark of recovery, kick-start post-pandemic biz plans")
ReadyAssist plans to provide EV assistance across 5,000 locations in India
Start-up roadside assistance firm ReadyAssist on Monday said it plans to provide its service to electric vehicles (EV) across 5,000 locations in India.
Oye Rickshaw raises Rs 24 cr from Alteria Capital to expand EV energy infra
Electric vehicle energy solutions firm Oye Rickshaw on Monday said it has raised Rs 24 crore from Alteria Capital to expand smart lithium-ion batteries swapping stations across India
 "Oye Rickshaw raises Rs 24 cr from Alteria Capital to expand EV energy infra")
Explained: What attracts electric vehicle makers to Tamil Nadu
Over the past 6 months, several auto majors and component suppliers have chosen Tamil Nadu to set up electric vehicle manufacturing facilities to produce about 4.5 million EV two-wheelers cumulatively
