electric vehicles | Page 6

Tesla is said to have committed USD 2 billion to its upcoming plans in India. The company has been looking at multiple locations, including Gujarat and Maharashtra, for setting up the plant.

Building on the features of its predecessor, the VO.2 takes Tresa Motors' 18-tonner closer to its engineering, reliability, efficiency, and manufacturing goals.

A digital platform will be launched to facilitate a seamless customer experience, covering discovery, user authentication, charging, and billing settlement through a dedicated mobile application.

Despite the growing demand of electric two-wheelers (E2Ws) in the Tier 2 and Tier 3 cities, the penetration is low and there several challenges which are hindering the further growth of E2Ws in these cities.

According to Counterpoint Research, India's EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, driven by rising consumer interest, government initiatives and infrastructure development.

The customers pay almost 40 per cent less and get 100 per cent of an EV as it offers customers the option to subscribe to the battery separately, thereby providing greater flexibility and cost-effectiveness.

Kant's words come at a time when the central government has reduced the budget allocation for the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme by nearly 44 per cent to INR 2,671 crore for FY25.

The start-up introduced India's first digital solar-based EV charging platform, enabling EV charging using solar credits anytime, anywhere.

Tesla officials have been in talks with government officials over the last year, with Musk meeting Prime Minister Narendra Modi in June.

The new age company are building technology and products. However, there is lack of belief in this space, said, Uday Narang, Founder and Chairman, Omega Seiki Mobility.

The partnership between Servotech Power Systems and Electra EV will enable advancement of the EV industry across India and other countries adopting the GB/T Bharat DC 001 standard.

LTO batteries boast enhanced safety due to their inherent thermal and chemical stability, minimising the risk of fire or explosion compared to conventional lithium-ion batteries.

The two companies are also exploring the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free.

India's initiative to permit Chinese carmakers and lower import tariffs on EVs is poised to directly benefit Chinese manufacturers, particularly due to their dominant role in supplying EV.

This strategic alliance signifies a significant stride towards enhancing sustainable transportation solutions, especially in the last-mile delivery sector.

As part of the initial phase, 125 Citroen e-C3 were flagged off from BluSmart's EV charging superhub in Bengaluru.

The company owns and operates over 4,400 EV chargers across its 36 EV charging super-hubs in densely populated megacities of Delhi NCR and Bangalore.

These chargers hold ISO 9001, 14001, and 5001 certifications and are further evaluated and endorsed by the ARAI and iCAT, government-certified associations.

While government aims to have 30% of 2030 car sales as EVs in the country, the vision seems unattainable unless the number of public charging stations substantially go up from mere 12,000 at present.

The company had also listed a four-wheeled vehicle as an "intangible asset under development" in its draft IPO papers.

The facility will have a production capacity of 2,000 electric three-wheelers per month, positioning itself as a significant player in the global electric vehicle market. The estimated private investment for the new plant is assessed at more than INR 400 crore.