Mention
E-rickshaws witness strong growth amid auto slowdownedit
When automotive sales are tanking, e-rickshaws are witnessing a strong growth — growing at 16% CAGR — as it has emerged as a cheap last mile commute in smaller towns and cities. The e-rickshaw market, currently 4 lakh units is expected to grow to a million units by 2025, a study on Wednesday said. “Because the cost of operation of an e-rickshaw is much cheaper (than other fuel options) , there is higher demand when the market is in a crunch,” Chetan Maini, co-founder, Sun Mobility said. However non-commercial vehicles don’t have the same advantage.
Industry
Now, KSRTC issues tender for 250 e-busesedit
Tapping green energy, the transport corporation will induct 250 electric buses to its fleet for services in intercity routes. The tender for e-buses has been reissued by the KSRTC, following poor response to the previous bid. The non-AC e-buses, to be procured on wet lease, will be operated in different zones — 100 in Thiruvananthapuram zone, 100 in Kochi zone and 50 in Kozhikode zone of the KSRTC.
States rule out GST rate cut on automobilesedit
Punjab, too, is of the view that the rate cut was not feasible and had resisted a rate reduction on electric vehicles (EVs) in the last Council meeting. The rate on EVs was cut to 5 per cent from 18 per cent in July.
Maruti says Ola & Uber not a big factor for current slowdownedit
Millennials opting for ride hailing services like Ola and Uber may not be that strong a factor for the current slowdown in auto sales and a detailed study is needed to arrive at any conclusion in the contrary, according to a top official of the country’s largest carmaker Maruti Suzuki India. Ownership pattern in India still has not changed and people purchase cars with an “aspirational aspect”, MSI Executive Director (Marketing and Sales) Shashank Srivastava told PTI in an interview here.
Strategy of tackling air pollution is a complete eyewashedit
This refers to “EV no answer to air pollution: Chicago prof” (September 11). An interesting comment from Michael Greenstone regarding the insufficiency of electric vehicles (EVs) to bring down air pollution levels prompts one to pause and ponder over the whole issue of air pollution. The article captures that one of the richest nations in the world is also not ready to target complete electrification of its plying vehicles before 2045. It’s surprising that our policy makers do not review such details before setting the ambitious target.
Outside-In Perspective Of The Drive Ahead For Auto Industryedit
For 10 straight months now, Auto Industry has had de-growth. Millions of blue and white collared employees are going to lose jobs from the Sector. Industry experts have attributed several reasons for the unabated fall and the measures to revive the sector.
Competition
BVR Subbu appointed Ampere Vehicles board chairmanedit
Ampere Vehicles, electric mobility arm of Greaves Cotton Limited, has announced the induction of industry veteran BVR Subbu to its board as chairman. In his role as chairman, Subbu, ex-president of Hyundai India, will steer the board to stay ahead of the complex challenges presented by a competitive Indian e-mobility transformation and support Ampere’s strategic growth ambitions, according to a release.
BVR Subbu appointed Ampere Vehicles board chairmanedit
Ampere Vehicles, electric mobility arm of Greaves Cotton Limited, has announced the induction of industry veteran BVR Subbu to its board as chairman. In his role as chairman, Subbu, ex-president of Hyundai India, will steer the board to stay ahead of the complex challenges presented by a competitive Indian e-mobility transformation and support Ampere’s strategic growth ambitions, according to a release.
Top 5 Electric Vehicle startups to watch out foredit
The harmful effects of air pollution and the related health issues we are facing due to exhaust emissions is well understood. It is time to act on it soon before it’s too late. As consumers, we can play our part. The solution to this is to adopt a sustainable mobility option – an Electric Vehicle which is non-polluting.
Kinetic Green signs MoU with MahaMetro for last mile connectivity using e-rickshawsedit
Kinetic Green Energy and Power Solutions signed an MoU with the MahaMetro to provide last mile connectivity with e-rickshaws to commuters. As part of this, MoU Kinetic Green will be providing its electric 3 wheeler ‘Kinetic Safar’ which is ideally suited for last mile connectivity and urban commuting.
International
Carmakers are rolling out more electric vehicles, but who is buying?edit
It only took a decade for traditional automakers to take electric cars seriously and offer more than a smattering of test-the-water models. Now comes the hard part: Getting consumers to buy them. At Frankfurt’s 2019 car show, Volkswagen AG Chief Executive Officer Herbert Diess laid it on thick, calling on governments to give up coal-fired power as he unveiled the electric ID.3 car-for-the-masses.