Industry
The charge of the e-brigadeedit
The recent Budget has a lot to say about EV — duty exemptions for imported lithium-ion batteries, move towards reduction of GST on EVs from 12 to 5 per cent, ?1.5 lakh tax deduction for interest paid on loans borrowed for buying electric vehicles and investment-linked incentives for manufacturing the vehicles (under Section 35AD of the Income Tax Act.)
A green raceedit
Will electric cars soon be within the reach of the average Indian car buyer? Hyundai has declared plans to invest ₹2,000 crore in India to roll out a ₹10-lakh electric car. Mahindra is expected to launch a micro SUV in the ₹8-9 lakh range next year.
Electric cars the future but cost a deterrentedit
While app-based cab aggregators have changed the way the city travels, the change has done nothing to ease the city’s growing air pollution woes. Electric vehicles are the most obvious solution but the shift is a major one and requires a change in consumer attitudes and the factors that influence them. These are complex questions and the factors that spur change are many, ranging from practical to cognitive.
No plan to completely ban petrol, diesel vehicles: Dharmendra Pradhanedit
The government has no plans to ban petrol and diesel vehicles in the near future but will continue to push for greater use of electric vehicles with a view to cut oil imports and save the environment, Oil Minister Dharmendra Pradhan said Tuesday.
Govt invites proposals for deployment of EV charging infra under FAME-IIedit
The government has invited proposals from entities for the deployment of electric vehicle charging infrastructure in big and smart cities. Proposals are invited from entities that intend to develop EV charging infrastructure in million-plus cities as per the 2011 census; and smart cities as notified by the Ministry of Housing and Urban Affairs, the Ministry of Heavy Industries said.
The e-revolution is here, but is the consumer ready?edit
FAME – II, range anxiety, compromised performance, expensive products, charging infrastructure – these are familiar terms, phrases and questions that are being thrown at the electric vehicle industry today. 2025 is suddenly the big year everyone is curious about.
Government invites proposals for deployment of EV charging infra under FAME-IIedit
The government has invited proposals from entities for the deployment of electric vehicle charging infrastructure in big and smart cities. Proposals are invited from entities that intend to develop EV charging infrastructure in million-plus cities as per the 2011 census; and smart cities as notified by the Ministry of Housing and Urban Affairs, the Ministry of Heavy Industries said.
Competition
Volkswagen says electric vehicles unviable for Indian market at the momentedit
Despite the government’s monetary and policy incentives for buyers and makers of electric vehicles (EVs), the world’s largest automaker Volkswagen feels that the business case between a conventional internal combustion (IC) engine and an electric engine is still not positive.
Indus plans to host EV charging units across its vast network of telecom towersedit
Indus Towers Ltd, India’s largest mobile tower company, plans to utilize its vast base of telecom towers to charge electric vehicles as part of a strategy to tap this fledgling industry and morph into an overall infrastructure provider. The move will allow the company to secure a unique revenue stream outside the traditional model of renting out its towers to mobile phone operators. It would also help Indus Towers reduce dependence on the troubled domestic telecom sector.
Vakrangee to set up EV charging infrastructure pan Indiaedit
Technology-driven Vakrangee company said on Tuesday it will set-up electric vehicle (EV) charging infrastructure facility through its outlets across the country. Vakrangee has 3,504 kendras or centres spread across 19 states, 366 districts and 2,186 postal codes. More than 68 per cent of outlets are in tier 5 and tier 6 cities. Its planned target is to have at least 75,000 outlets by 2021-22 and three lakh by 2024-25.
EV, petrol engines, connected vehicles among key tech focus areas: M&Medit
Electric vehicles, petrol engines and connected vehicles will be among the key technology focus areas for Mahindra & Mahindra in the wake of changing business landscape, the company has said. In its annual report for 2018-19, the company’s board told the shareholders that Mahindra & Mahindra (M&M) has earmarked Rs 500 crore for its electric vehicle (EV) project under the new EV policy of Maharashtra government.
International
Jaguar Land Rover gets UK loan guarantee for e-vehiclesedit
Tata Motors owned Jaguar Land Rover (JLR) on Tuesday said it will receive a 500 million pound guarantee from the UK government to underwrite a planned 625 million pound loan facility from commercial banks to develop the next generation electric vehicles and future mobility solutions.