What will it take to make price-conscious Indians switch to electric vehicles?

2021-09-16 10:43:34

India’s long-awaited transition to electric vehicles is finally gaining traction. The increased attention on electric vehicles is largely because of two factors: to combat the rising menace of air pollution, and reduce India’s over dependence on crude oil imports. Moreover, support to domestic R&D, tax cuts, subsidies on import of raw materials and other incentives are also acting as catalysts in this transformation. As the market is becoming more competitive, it is imperative to think what it will
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Government targets full switch over of urban freight vehicles to EVs

2021-09-16 00:05:27

In a massive exercise to accelerate the adoption of and create an ecosystem for electric vehicles in the country, government think-tank Niti Aayog Wednesday launched the ‘Shoonya’ initiative, which will target fully electrifying fleet vehicles in the urban freight sector in the next two years.

In an exclusive interaction, Niti Aayog chief executive officer Amitabh Kant told ET, “India is at the cusp of a mobility revolution which will be shared, connected, green and the delivery sector must

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PLI scheme for auto sector worth Rs 26,000 cr to incentivise electric, hybrid and fuel cell vehicles

2021-09-15 20:18:50

The government on Wednesday approved the Rs 25,938-crore production linked incentive (PLI) scheme for the automobile and auto ancillary sectors to promote domestic manufacturing of green vehicles to enable India to be a part of the global supply chain. What are the fine prints of this scheme. ET’s Nehal Chaliawala with details. Watch


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Rs 26,000-crore PLI scheme to steer automotive sector towards electric, hybrid and fuel cell vehicles

2021-09-15 15:59:33

The government on Wednesday approved the production linked incentive (PLI) scheme for the automobile and auto ancillary sectors with an outlay of Rs 25,938 crore to promote domestic manufacturing of green vehicles and enable India to become a part of the global supply chain.

Petrol and diesel vehicles have not been included in this scheme. The focus is instead to promote the transition to clean automotive technologies such as electric and hydrogen fuel cell vehicles, which are

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Rs 26,000-crore PLI scheme to steer automotive sector towards electric, hybrid and fuel cell vehicles

2021-09-15 15:59:33

The government on Wednesday approved the production linked incentive (PLI) scheme for the automobile and auto ancillary sectors with an outlay of Rs 25,938 crore to promote domestic manufacturing of green vehicles and enable India to become a part of the global supply chain.

Petrol and diesel vehicles have not been included in this scheme. The focus is instead to promote the transition to clean automotive technologies such as electric and hydrogen fuel cell vehicles, which are

Continue Reading

Apple supplier Foxconn halts EV project with China’s Byton

2021-09-15 12:32:28

Bengaluru: Apple supplier Foxconn‘s electric vehicle project with Byton has been put on hold due to the Chinese startup’s worsening financial situation, the Nikkei newspaper reported on Wednesday citing unidentified sources with knowledge of the matter.

“The project is not officially terminated yet, but it is very challenging to proceed at this moment,” one of the sources told Nikkei Asia.

Foxconn said in January that the Apple assembler and the Nanjing Economic and Technological Development Zone had

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How to buy the right electric car for yourself

2021-09-15 09:34:07

Electric vehicles (EVs) have made quite a huge impact in the last couple of years and many have rightfully termed them as the future of mobility. Besides offering notable benefits to their users, electric cars are also good for the environment. To further motivate people to buy e-cars, the Indian government offers various subsidies under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME) Scheme.

It looks a win-win situation in more ways than

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Leasing options build highway to EV adoption

2021-09-15 05:57:25

The vehicle subscription and leasing model may not have really picked up in India, but in the nascent electric vehicle market, big bets are being placed on it to be a game changer.

A number of startups, mobility solution providers and financiers have come up with customised options that allow customers to have a vehicle for their personal use for a monthly fee, without owning it. These schemes come with zero down payment and no hassle

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Leasing options build highway to EV adoption

2021-09-15 05:57:25

The vehicle subscription and leasing model may not have really picked up in India, but in the nascent electric vehicle market, big bets are being placed on it to be a game changer.

A number of startups, mobility solution providers and financiers have come up with customised options that allow customers to have a vehicle for their personal use for a monthly fee, without owning it. These schemes come with zero down payment and no hassle

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MetroRide introduces e-autos from Indiranagar Metro Station to EGL in Bengaluru

2021-09-14 13:25:45

AI-driven electric mobility platform MetroRide on Tuesday launched electric autos between Indiranagar metro station and Embassy Golf Links (EGL) in Bengaluru. The cost of these rides starts at Rs 10.

The electric shared mobility platform enables the customers to make their daily metro commute Affordable, quick and carbon-free, the company said in a press release.

MetroRide CEO Girish Nagpal said the company will actively work with the government, Namma Metro and traffic authorities to ensure

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The next best electric car battery is here, cheaper than ever

2021-09-14 11:19:03

There’s no shortage of excitement for electric vehicle battery startups or multibillion dollar investments in the industry, as companies, backers and scientists look for the winning play. China, though, is already moving on to the next leg in the race — one that isn’t dependent on a big, bold breakthrough — with sodium-ion batteries. Done right, this technology could lead to widespread adoption in a market largely dependent on subsidies and where EV sales are still a fraction
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Ola | Bhavish Aggarwal: Ola Futurefactory to be run entirely by women: CEO Bhavish Aggarwal

2021-09-13 17:51:11

Bengaluru: Ola Electric Mobility Pvt Ltd’s CEO Bhavish Aggarwal on Monday said the company’s electric scooter plant Ola Futurefactory will be run entirely by women.

Ola Electric, the Bengaluru-based ride-hailing startup’s e-mobility business, is manufacturing electric scooters at a 500-acre site near Krishnagiri in Tamil Nadu. The factory is expected to have an annual capacity of 10 million vehicles.

“Aatmanirbhar Bharat requires Aaatmanirbhar women! Proud to share that the Ola Futurefactory will be run entirely by women, 10,000+

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China to consolidate overcrowded electric vehicle industry

2021-09-13 15:33:14

Beijing: China has “too many” electric vehicle makers and the government will encourage consolidation, Industry & IT Minister Xiao Yaqing said on Monday, adding that the country will improve its charging network and develop EV sales in rural markets.

The government’s promotion of greener vehicles to cut pollution has prompted electric car makers such as Nio Inc., Xpeng Inc and BYD Co. Ltd. to expand manufacturing capacity in China. Xiao said the ministry was speeding up alternative solutions

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Winning new business a constant endeavour for Endurance Technologies: Ramesh Gehaney

2021-09-13 13:44:57

Ramesh Gehaney, , shares his outlook for the EV business. Edited excerpts:


ET Now: Tell us of your outlook on the EV space, and what is brewing between Endurance and Ola

Ramesh Gehaney: EVs are catching up, going by the level of interactions that everybody is having with the EV startups and even the OEM-backed EVs. The intensity of discussions is definitely going up. Ola is likely to make a large positive impact on the industry as
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Winning new business a constant endeavour, won’t shy away from any order: Ramesh Gehaney, Endurance Technologies

2021-09-13 13:44:57

Ramesh Gehaney, , shares his outlook for the EV business. Edited excerpts:


ET Now: Tell us of your outlook on the EV space, and what is brewing between Endurance and Ola

Ramesh Gehaney: EVs are catching up, going by the level of interactions that everybody is having with the EV startups and even the OEM-backed EVs. The intensity of discussions is definitely going up. Ola is likely to make a large positive impact on the industry as
Continue Reading

View: Top-down approach won’t suffice, India’s EV story has to be for the masses

2021-09-13 12:49:55

Last month, the Indian tricolour was hoisted, and the national anthem played as Mahindra Racing’s Alex Lynn took the top step of the podium at the London e-prix. It was a remarkable achievement for a team that has been in the fray from the very first Formula Electric Race in 2014.

Formula E is the pinnacle of motorsport. Learning from Formula E, when transferred to road-going cars, leads to the creation of apex e-predators like the Pininfarina Battista.

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Can a green economy boom town be built to last?

2021-09-13 12:12:48

When he bought a construction contractor called Weber Electric in 2018, Josh Mosier inherited about 20 employees. By the end of the next year, he was up to about 100 employees. By the spring of 2021, the number was over 225.

“Because of this boom,, said Mosier, whose company often works on large building projects, “we’ve grown exponentially.,

The epicenter of that boom is an electric-vehicle-maker named Rivian, which brought in Mosier’s company and others in the

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Sansera’s growth prospects, new area focus make IPO a good bet

2021-09-12 23:55:33

ET Intelligence Group: Sansera Engineering, a maker of precision forged and machine components, is planning to raise Rs 1,283 crore from an initial public offer. The entire issue is an offer for sale by private equity investors (Rs 1,002 crore) and the company’s founders.

Long-term investors may subscribe to the IPO, given the company’s track record of outperforming two-wheeler industry growth, and a rising share of technology-agnostic


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Centre wants Tesla to first start production in India before any tax concession

2021-09-11 15:45:31

New Delhi: The heavy industries ministry has asked US-based electric car major Tesla to first start manufacturing its electric vehicles in India before any tax concessions can be considered, government sources told PTI.

According to the sources, the government is not giving such concessions to any auto firm and giving duty benefits to Tesla will not send a good signal to other companies that have invested billions of dollars in India.

The electric car manufacturer has demanded reduction

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What a 5th floor kitchen of a Bengaluru apartment tells you about India’s electric vehicle story

2021-09-11 14:33:09

A Bengaluru executive hauled his EV scooty up all the way to his 5th-floor kitchen to charge it after losing a fight with his RWA to install a charging point in his locality’s parking. The kitchen ‘jugaad’ made quite a buzz, first on LinkedIn and then in the Electrical Vehicle world — on a day when Ola was supposed to roll out its EV scooter.

(The bookings of Ola scooty have been delayed by a week due to
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