Mention
So Near, Yet So Faredit
“The time is right to shift to electric vehicles in India,” said Anand Mahindra, Chairman, Mahindra & Mahindra (M&M), in his address to shareholders at M&M’s 73rd annual general meeting. He also noted that there is a tectonic shift in the auto industry. Adding that the government is putting all its weight behind electric vehicles, Mahindra said the question isn’t whether or not the country will transition to EVs but how. “I see a one-time opportunity for the government and industry to work together to invest in manufactur-ing, R&D and the supply chain and make India the undisputed global hub of the EV world,” he said.
Industry
PFC looks for safer bets like e – vehicles, charging infrastructureedit
Power Finance Corporation (PFC) is looking for new sectors to fund as it wants to hedge the risks associated with lending to the nation’s ailing utilities, according to people familiar with the matter. The country’s top lender to electricity projects is exploring new areas including railway electrification, electric vehicles and charging infrastructure, as well as gas import terminals or coal mines that serve a power plant, said the people, who asked not to be identified as the plan is still under discussion.
Why Are Traditional Automobile Companies Investing In EVs?edit
A CCI (Competition Commission of India) filing revealed that South Korea-based Hyundai and its subsidiary Kia is planning to acquire a minority stake in Ola Electric Mobility. This move comes in six months after both the automobile giants invested $300 million in Ola Electric with an aim to “develop India-specific electric vehicles, infrastructure and mobility solutions”, according to Hyundai.
Insight out: Auto slowdown bitesedit
Passenger vehicle sales in the country declined for the 10th straight month as carmakers resisted increasing inventories at dealerships, signalling that it would be a muted festive season this year. Domestic sales of passenger vehicles fell 31.6 per cent year-on-year to 196,524 units in August, according to the data released by the Society of Indian Automobile Manufacturers (Siam).
Piaggio request TS Ministers for Electric auto permits in cityedit
Piaggio Vehicles Pvt Ltd (PVPL), a 100 % subsidiary of the Italian Piaggio Group (European leader of the 2Wh sector) and India’s leading manufacturer of small commercial vehicles today submitted a letter to the Transport Minister of Telangana and Home minister Mr. Mahmood Ali against the Auto Unions request for release of new 20,000 permits to 2 stroke BSIV auto-rickshaws in Hyderabad.
To have 25% EVs, Delhi will need to register 5 lakh cars in five yearsedit
Delhi will need to register approximately 5 lakh new electric vehicles (EV) in the next five years to achieve the target of having 25% EVs on the national capital’s road by 2023, according to a report by Dialogue and Development Commission of Delhi and Rocky Mountain Institute. The report ‘Accelerating Delhi’s Mobility Transition: Insights from the Delhi Urban Mobility Lab’ identifies economic and environmental benefits of an electric mobility future in Delhi.
Electric vehicles set to revolutionise our livesedit
Most people were skeptical a century ago when automobiles began replacing their horses. Now electric vehicles (EV’s) are again revolutionizing global mobility. Last year 5.6 million EV’s were sold globally of which half were sold in China. Every auto major is now investing heavily into them. The Nissan Leaf, that sold 360,000 EV’s last year, is the world leader today though the classy looking Tesla, that sold 240,000 EV’s, is perhaps the best known.
Em’Powering’ the electric vehiclesedit
Electric Vehicles (EVs) have found a new place in the heart of India as well as in the schemes and policies of the Government of India (GoI). The message from the government’s initiatives is loud and clear – they do not want to play catch-up when it comes to adopting and accepting newer sustainable technologies and undoubtedly want to give a big push to EVs in India.
Competition
The Hybrid Road To EVsedit
Two, smart hybrids where the vehicle can run either on gasoline or diesel or just on batteries for some distance. And finally, you have plug-in smart cars where the batteries have to be charged at stations. Auto companies like Maruti, Mahindra, and Hyundai have either developed or are developing hybrids cars, especially simple hybrids. Mahindra’s e-Verito sedan is a perfect combination of electric and conventional cars.(HPCL)
Electric three-wheeler space heating up, says M&M’s Pawan Goenkaedit
India’s electric three-wheeler boom has been as unorganised as it has been rapid. But a few established automakers are looking to be part of this revolution in the Indian three-wheeler market, dominated currently by many small, unorganised players.
Hero’s Munjal makes a case for shift to electric cycles, unveils Lectroedit
As the government pushes for electric mobility, food delivery firms such as Swiggy and fast food restaurants like Pizza Hut and Domino’s are looking at electric bicycles as an alternative to motorcycles and scooters. Electric cycles are yet to make an inroad into the Indian market compared to electric scooters which have attracted investments from vehicle manufacturers and startups.
International
The Shift to Electric Vehicles Propels a Strike Against GMedit
When United Automobile Workers members walked off the job at 33 General Motors sites around the US on Sunday morning, perhaps the most … striking detail was that they only numbered 46,000. The last time the UAW’s GM workers went on strike, in 2007, they were 73,000 strong. And that was a fraction of the 259,000 US hourly production workers GM employed in 1991.