Industry
Passenger vehicle sales rise marginally in Octoberedit
Domestic passenger vehicle sales witnessed a marginal increase of 0.28 per cent to 2,85,027 units in October from 2,84,223 units in the year-ago period. Domestic car sales were down 6.34 per cent to 1,73,649 units as against 1,85,400 units in October 2018, according to data released by the Society of Indian Automobile Manufacturers (Siam).
BMTC, city’s lifeline, needs to be revitalised to reduce congestionedit
After Mumbai and New Delhi, Bengaluru is finally waking up to the demand for augmenting its bus fleet and reducing fares. The city, which once boasted of one of the best bus services in the country, is now struggling with fall in ridership which has dipped to 35.8 lakh in 2018-19 from 51.3 lakh in 2014-15. At 55 lakh, Bengaluru is also home to the second-highest two-wheelers in the country.
Agra to get electric bus depot; UP govt approves planedit
The Government of Uttar Pradesh has approved a plan to develop an electric bus depot at Runkata under the Agra smart city project. Runakta is a small town on the outskirts of Agra. It is situated on the NH19, earlier NH2, popularly known as the Grand Trunk Road.
Lithium Urban plans to foray into logistics businessedit
Electric cab services firm Lithium Urban Technologies plans to foray into the logistics segment and plug gaps in the last-mile connectivity area, head of external relations of the company Vikash Mishra said. In line with the government’s push for electric mobility, the corporate transport service provider, which has a fleet comprising four-wheelers also plans to provide pick and drop services to corporate employees by offering bus services.
Top 10 Electric Vehicle Myths Bustededit
The last decade of human history has witnessed a phenomenal push towards sustainable growth and serious pushback against environmental pollution on all fronts. This has led to the recent uptake of electric vehicles (EVs), positioned to be the cornerstone of the next generation of transportation and human society. From cargo delivery in automated truck fleets, to electric vehicles on martian and lunar colonies – EVs are making a strong entry into the market.
Competition
Robust charging infra key to India’s EV ambitionsedit
If you search for “E-mobility Conference in India between 2017 to 2019” Google throws 14.40 million search results in 0.86 second. This is amazing. It shows that India has started talking seriously about adoption of electric mobility.
Even 8% margin not enough for EV dealers to sustain: Sohinder Gilledit
At a time when 200 electric two-wheeler showrooms faced shutdown this fiscal, Hero Electric is trying to ensure dealer viability for the long-term by offering them 8 per cent margins (where an average margin is 5 per cent) coupled with other incentives. However, Sohinder Gill, CEO, Hero Electric and Society Of Manufacturers Of Electric Vehicles (SMEV) believes despite high margins, EV dealers bleed.
International
Teslas = 77.7% of US Electric Vehicle Salesedit
The US electric vehicle market is … not the most interesting. Unfortunately, we have only one mass-market electric vehicle on the market, and there are very few models available across the nation. Actually, aside from Tesla’s offerings, I think there are only two fully electric models available at dealers in all 50 states — the Chevy Bolt and Nissan LEAF. I’ll discuss them a bit more later in this article in order to try to explain why their sales are so dismal despite that wide availability.
China electric-car makers hit by new threat of subsidy cutsedit
Shares of Chinese electric-car makers fell in the wake of a Bloomberg News report that said regulators may cut subsidies further on the embattled industry. BYD Co., China’s biggest maker of new energy vehicles, slid 2.8% in Hong Kong. BAIC BluePark New Energy Technology Co., the country’s biggest maker of pure electric cars, retreated 2.9% in Shanghai, while Contemporary Amperex Technology Co. Ltd., the world’s biggest car-battery maker, dropped 2.5%. Hong Kong’s Hang Seng Index fell 2.6% and the Shanghai Composite Index fell 1.8%, their biggest losses in three and four months, respectively.
Electric vehicles won’t be mainstream, says Honda CEOedit
Electric vehicles won’t be mainstream, despite the push from the governments and the auto manufacturers across the world towards e-mobility, claims a media report quoting Honda CEO Takahiro Hachigo. The report further quotes Hachigo saying, “The hurdles to battery electric vehicles and complete autonomous driving are still quite high.