Mention
SoftBank is transforming Ola into an electric carmaker with Toyota: Sourceedit
Japanese tech conglomerate Softbank wants its Indian investee company and cab-hailing platform Ola Cabs to pivot into becoming an electric car manufacturer working together with Toyota, the world’s second largest car maker, said a source close to the development.
Publication: Factor Daily
Industry
Hero Future Energies to set up solar charging stations for electric vehiclesedit
Hero Future Energies Pvt. Ltd, a company promoted by the Munjal family, plans to enter the battery storage business and set up charging stations to tap India’s emerging electric vehicles (EV) market, chief executive officer Sunil Jain said.
Publication: Live Mint
Special tariffs for charging electric vehicles only way to promote them: Tata Power-DDL’s Praveer Sinhaedit
Charging stations are critical to the mass adoption of electric vehicles, and given the government’s commitment to encouraging electric and hybrid vehicles, various companies are stepping forward. One of them is Tata Power Delhi Distribution Ltd, which is planning to invest Rs100 crore to set up 1,000 charging stations across Delhi. In an interview, the company’s chief executive officer and managing director Praveer Sinha speaks of the challenges and requirements of setting up charging stations.
Publication: Live Mint
GST Council may clarify on tax rate for solar modules at 3 June meetingedit
The goods and services tax (GST) Council is likely to clarify on the tax rate applicable to solar modules at its next meeting in early June, which might reverse a decision to set an 18% rate on the key component of solar energy infrastructure, company executives say.
Publication: Live Mint
‘Mah to frame policy to set up electric vehicle charging stns’edit
The Maharashtra government has plans to frame a policy for setting up electric vehicle charging stations across the state considering the future needs in the transport sector. This was disclosed by Chief Minister Devendra Fadnavis here yesterday after inaugurating the country’s first multi- modal electric vehicle project and Ola electric charging station, in the presence of Union minister Nitin Gadkari.
Publication: The Asian Age
E-taxi policy may incentivise both aggregators and driversedit
The government may soon drive in a separate electric taxi policy for cab aggregators, under which fleet owners as well as driver partners will be incentivised for running cabs on electric mobility. Incentives may be in the form of tax waivers, zero toll on highways and no permits under the policy, which will also be applicable for electric bus shuttle and auto-rickshaw services.
Publication: ET Auto
Nagpur is first city with electric mass mobility systemedit
Nagpur today earned the distinction of becoming the country’s first city with electric fleet of 200 electric vehicles, including taxis, buses, e-rickshaw and autos. “Promoting electric vehicles is our priority. We want electric buses, autorickshaws and other vehicles to ply in the country. We are engaged in initial talks with SoftBank for loans at low interest rate for a green project.
Publication: The Asian Age
Ola’s electric -vehicles yet to hit roadsedit
Even though Ola’s electric vehicles were launched at the hands of union transport minister Nitin Gadkari and chief minister Devendra Fadnavis with great fanfare on Friday, not a single vehicle was plying on city roads on Saturday. Nagpur is the first city in the country to have electric vehicles as public transport.
Publication: The Times of India
How Nagpur is driving India’s green public transport missionedit
When Union transport minister Nitin Gadkari and Maharashtra chief minister Devendra Fadnavis inaugurated India’s ‘first multi-modal electric vehicle project’ in Nagpur last week, it was the city’s latest contribution to the country’s green public transport mission.
Publication: Live Mint