Okaya launches electric scooter Freedum at Rs 69,900

2021-09-16 16:18:45

Energy storage solutions provider Okaya Group’s EV arm on Thursday launched a new electric scooter Freedum with a price starting at Rs 69,900.

The company already sells two electric scooters — the AvionIQ series and ClassIQ series. Freedum, which would be available with both lithium-ion and lead-acid battery options, will be the company’s third product in the market.

Okaya said the new scooter is being rolled out from its Baddi (Himachal Pradesh) based manufacturing plant.

The Freedum will

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Tata Motors drives in XPRES-T EV for fleet segment at Rs 9.54 lakh

2021-09-15 16:34:06

on Wednesday said it has launched its first electric sedan under XPRES brand – the XPRES-T EV, exclusively for fleet customers, with a price starting at Rs 9.54 lakh (net price after FAME subsidy).

The sedan would come in two trims — XpresT 165 and XpresT 213, with a range of 165 km and 213 km, respectively.

The two variants of XpresT 165 are tagged at Rs 9.54 lakh and Rs 10.04 lakh, while the XpresT 213 trims

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Tata Motors drives in XPRES-T EV for fleet segment at Rs 9.54 lakh

2021-09-15 16:34:06

on Wednesday said it has launched its first electric sedan under XPRES brand – the XPRES-T EV, exclusively for fleet customers, with a price starting at Rs 9.54 lakh (net price after FAME subsidy).

The sedan would come in two trims — XpresT 165 and XpresT 213, with a range of 165 km and 213 km, respectively.

The two variants of XpresT 165 are tagged at Rs 9.54 lakh and Rs 10.04 lakh, while the XpresT 213 trims

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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

Continue Reading

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
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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
Continue Reading

Tesla sold 44,264 China-made vehicles in August, local deliveries up

2021-09-08 16:57:47

U.S. electric vehicle maker Tesla Inc in August sold 44,264 China-made vehicles, including 31,379 for export, the China Passenger Car Association (CPCA) said on Wednesday.

Local sales of China-made vehicles jumped to 12,885 cars last month from 8,621 cars in July. Tesla’s sales in the first month of each quarter are usually lower than the following two months.

The company, which makes Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 32,968 China-made

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Tesla sold 44,264 China-made vehicles in August, local deliveries up

U.S. electric vehicle maker Tesla Inc in August sold 44,264 China-made vehicles, including 31,379 for export, the China Passenger Car Association (CPCA) said on Wednesday.

Local sales of China-made vehicles jumped to 12,885 cars last month from 8,621 cars in July. Tesla’s sales in the first month of each quarter are usually lower than the following two months.

The company, which makes Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 32,968 China-made vehicles in

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TVS Motor-backed EV maker Ultraviolette to set up manufacturing plant in Bengaluru

2021-09-08 11:30:24

TVS Motor-backed electric vehicle (EV) startup Ultraviolette said Wednesday that it was setting up a new manufacturing facility in Bengaluru with the target of selling its performance motorcycles in the market in the next six months.

Spread over 70,000 square feet of land at Electronics City in Bengaluru, the new plant will have an annual capacity of manufacturing 120,000 vehicles.

Construction on the new site has already begun and the plant should be operational by the

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Xiaomi prepares to ride the EV wave

2021-09-03 21:39:54

Smartphone giant Xiaomi has officially registered its electric vehicle business and said the division has entered a “substantial development phase”.

According to CNBC, the name of the subsidiary is Xiaomi EV, Inc. and it has been set up with previously-announced registered capital of 10 billion yuan ($1.55 billion).

The company said that it now has 300 employees and the business is led by the group’s founder and CEO Lei Jun.

In March, the Beijing-headquartered firm announced plans

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EV infra startup Revos bags $4 million in funding

2021-09-02 06:00:00

Electric vehicle (EV) infrastructure startup Revos has received $4 million from venture capital firms, US-based Union Square Ventures (USV) and Bengaluru-headquartered Prime Venture Partners (PVP), as part of its Series A round.

Revos has raised about $4.5 million so far, including the latest round.

The company will use the capital to deploy EV chargers across the country and strengthen its technology team, its founders told ET. It plans to expand its network to one million chargers

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EV infra startup Revos bags $4 million in funding

2021-09-02 06:00:00

Electric vehicle (EV) infrastructure startup Revos has received $4 million from venture capital firms, US-based Union Square Ventures (USV) and Bengaluru-headquartered Prime Venture Partners (PVP), as part of its Series A round.

Revos has raised about $4.5 million so far, including the latest round.

The company will use the capital to deploy EV chargers across the country and strengthen its technology team, its founders told ET. It plans to expand its network to one million chargers

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Tatas push back on slashing EV import duty for Tesla

2021-09-01 11:18:42

The Tata group, electric car market leader in India has resisted any reduction in the import duty levied on electric cars, as infamously demanded by Elon Musk, CEO Tesla.

Tatas are of the belief that cutting import duty ‘goes contrary’ to Indian Government’s FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicle) which promotes indigenisation of green vehicles and localisation.

Efforts should be made against subsidised imports as localisation is key to drive adoption of

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HOP Electric Mobility starts construction work on second unit in Jaipur

2021-08-31 22:45:55

EV maker HOP Electric Mobility has started construction work on its second unit manufacturing in Jaipur, which is expected to be completed by February next year, the company said on Tuesday. At present, the company has its sole production unit in the Rajasthan’s capital city. Spread over in 40,000 sq ft, the facility has a capacity of 50,000 units per annum.

Further with the upcoming new launches and anticipated demand, the company has started work on another facility

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To push EV adoption, Karnataka eyes sops for companies making retrofit kits

2021-08-30 06:00:00

The Karnataka government is planning to offer sops to electric vehicle (EV) startups to retrofit petrol-powered two- and three-wheelers to make them electric.

“We want to look at it from the demand side, and give a policy push to drive demand,” a senior government official, who is part of negotiations with stakeholders, told ET. By policy push, the officials hinted at offering incentives to startups, but they added that the talks are at a very early

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To push EV adoption, Karnataka eyes sops for companies making retrofit kits

2021-08-30 06:00:00

The Karnataka government is planning to offer sops to electric vehicle (EV) startups to retrofit petrol-powered two- and three-wheelers to make them electric.

“We want to look at it from the demand side, and give a policy push to drive demand,” a senior government official, who is part of negotiations with stakeholders, told ET. By policy push, the officials hinted at offering incentives to startups, but they added that the talks are at a very early

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R​​enewable can stand on its own but the nature of power is intermittent: Debasish Mishra, Deloitte India

2021-08-27 18:25:00

In a conversation with ET Now, Debasish Mishra, Partner, Energy, Resources and Industrials Leader, Deloitte India talks about the shift to renewables, policy changes, the linkages with the auto sector, storage capacities and more. Edited excerpts:

India has set a renewable energy target, a target for solar, a target for wind, so on and so forth. How practical is it to reach these targets in a certain timeframe? How feasible is it given on ground challenges, given

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India on track of achieving energy independence: Debasish Mishra, Deloitte India

2021-08-27 18:25:00

In a conversation with ET Now, Debasish Mishra, Partner, Energy, Resources and Industrials Leader, Deloitte India talks about the shift to renewables, policy changes, the linkages with the auto sector, storage capacities and more. Edited excerpts:

India has set a renewable energy target, a target for solar, a target for wind, so on and so forth. How practical is it to reach these targets in a certain timeframe? How feasible is it given on ground challenges, given

Continue Reading

Power Ministry sets up regulatory compliance wing

2021-08-26 18:02:54

The Union Power Ministry has set up a regulatory compliance division to monitor the various regulatory parameters and their compliances by power distribution companies as well as state commissions, an official statement said.

ET had on April 13 reported the union power ministry will soon have a separate wing to watch over compliance by all regulatory commissions. The monitoring wing will also look at the pendency of cases and delays in judgments in each body. The report mentioned

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