Mention
Pi Beam Funding : Raises 5 crore from GAIL Indiaedit
In COP 21, 2015 India and France initiated the idea of Solar Alliance with headquarter based in Gurugram. Electric Vehicles; products operating with solar energy are in high demand. We have some good examples of electric and solar vehicles in India like Emflux Motors, Anther Energy, Sun Mobility, Storm Motors, etc.
India: The Emergence Of The Electric Vehicle Sector In Indiaedit
Key players like SmartE have battery swapping stations at Delhi NCR and are working in partnership with Delhi Metro, Sun Mobility, Panasonic, Exicom and Amara Raja batteries to operate swapping stations.
Electric vehicles maker Pi Beam raises bridge funding from GAILedit
Last month, electric and autonomous tractor builder AutoNxt Automation Pvt. Ltd raised an undisclosed sum of money from the founders of SUN Mobility Pvt. Ltd: brothers Chetan and Sandeep Maini invested in the company through Virya Mobility 5.0 LLP.
Industry
India leads in adoption of new energy technologies: IEEFAedit
In October 2019, the Ministry of New and Renewable Energy had asked all state owned enterprises (SOEs) to prioritise renewable projects in their investment plans as part of a larger effort to reduce carbon emissions and assist India to meet its ambitious renewable energy targets.
Electric energy or petrol power: What should you chooseedit
The Government has implemented the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, or FAME 2 scheme. It offers incentives for electric buses, three-wheelers and four wheelers to be used commercially. It also encourages the setting up of charging stations for an electric vehicle in India. OEMs are also offered incentives to make their vehicles more affordable and accessible to the masses.
Telangana: Evehicle taxi service launchededit
We started our parent company Arcedo in 2016 through which we provide solar power solutions to corporates and other entities. About a year ago, we started working on the concept of electric vehicles and that’s how eyAna came into being.
SIAM suggests ways to revive market sentiment: New launches, GST reduction and moreedit
The Indian auto market has been on a slump for quite some time. 12 months to be precise. However, there are now signs of revival. The four-wheeler industry is now picking pace while the two-wheeler, as well as commercial, are on their way too. SIAM, on asked revival tactics for the Indian auto market, said that there are multiple ways. One is the approach that manufacturers have now taken.
Shared electric mobility space has immense potentialedit
Given the strong government focus to shift from fossil fuel to electric vehicles, upstart Eto Motors is developing a business of its own in the shared electric mobility space. The company plans to invest `400 crore to pursue its longterm plan of providing fully electric transportation across 100 Indian cities, Biju Mathews, CEO, ETO Motors tells Sunitha Natti in an interview. Excerpts:
2019 Roundup: Auto sector takes a hit, only 1 stock gave positive returns this yearedit
The governments push to increase electric vehicles (EVs) also hurt the sector in the year. The GST Council has cut the rate on EVs and chargers, while the government proposed to increase taxes on traditional automobiles.
Gemopai Electric launches first dealership in Puneedit
Electric scooter manufacture Gemopai Electric has launched its first dealership in Pune, informed the company in a release. It aims to strengthen footprint across the region with more than 50 stores in Maharashtra.
Evera An All Electric Cabs Alternative In Delhi, With No Surge Pricing, Cancellation Feeedit
Several entities are pushing to bring more and more electric vehicles on the Indian roads. A majority of this transition is observed in the national capital region. To build on this, a new startup has emerged in Delhi-NCR that promises to introduce 500 electric cabs soon.
MP to set up 2000 MW solar power park in Bundelkhand and Chambal regionsedit
To increase Madhya Pradesh’s production of renewable energy, the Kamal Nath government will start a 2000 MW solar power park in the Bundelkhand and Chambal regions, minister for renewable energy Harsh Yadav told reporters on Tuesday.
Passenger vehicle sales slip again in negative territory in Novemberedit
Domestic passenger vehicle sales slipped into negative territory once again in November after registering a slight recovery in the preceding month, as muted demand conditions forced companies to reduce their dispatches to dealers. According to data released by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) sales declined 0.84 per cent to 2,63,773 units in November from 2,66,000 units in the year-ago period.
November sales plunge ‘worrisome’: SIAMedit
Automobile sales declined again in November after a month of positive numbers and the poor market sentiment forced companies to reduce their dispatches to dealers. The trend, the Society of Indian Automobile Manufacturers (SIAM) said, was ‘worrisome’.
The e-car tipping pointedit
There are now seven million electric vehicles on the road globally. Sales this year are seen at 2.2 million, with China accounting for over half of the market. Digital ride hailing companies like Uber and Ola are increasing the share of electric vehicles in their fleets, and there are hundreds of models of electric vehicles set to be in the market soon.
Gahlot flags off 100 new busesedit
The Delhi government is also procuring 1,000 Electric buses in phases. In the 1st phase, the tender for 300 Electric Buses was floated on October 15. These buses will be in addition to 1,000 cluster e-buses, which are already scheduled to be added to the existing fleet. The tendering process is likely to be completed by December 15, 2019.
International
Indonesia targets starting up EV battery plants in 2023edit
Indonesia is aiming to start making lithium batteries for use in electric vehicles in 2023, alongside plants that are already slated to produce chemicals used in the batteries, according to the minister who oversees the energy and mining ministry.
Chinas electric car sales slump, squeezing automakersedit
BAIC says it sold 160,000 pure electric vehicles last year and BYD Auto says it sold 152,000.Battery supplier CATL Ltd. is competing with Japans Panasonic and South Koreas LG Chem to be the industry’s biggest global producer.