Industry
Porsche to bring electric Taycan for Rs 1.5cr in 2020edit
German sports car maker Porsche is set to drive in its electric car Taycan in India by middle of next year and is planning charging stations at high-end hotels, malls and its own service and sales outlets — apart from residences of customers — to take care of charging anxiety issues
47.86 GW of renewable energy capacity installed in India over six years: Govtedit
A total of 47.86 GW of renewable energy capacity has been installed in the country during the last six years i.e. March 2014 to October 2019,” Power and New & Renewable Energy Minister RK Singh said in a written reply to a question in the Lok Sabha. The government has set a target of installing 175 GW of renewable energy capacity by 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydropower projects, he said.
Was 2019 a year of cheer for electric vehicle industry in Indiaedit
The year began with bang for EV players with the government’s approval for Rs 10,000crore program under the FAME II scheme for promotion of electric and hybrid vehicles in the month of February. The scheme, which came into effect on 1st April 2019, is aimed to encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentive on purchase of electric vehicles and also by way of establishing necessary charging infrastructure for EV.
Solar energy—the game changer in the realm of renewable energyedit
Globally, India ranks 4th in installed wind power capacity and 5th in installed solar power capacity. The Government of India has also formed specialised bodies to push the adoption of renewable energy sources, such as the Ministry of New and Renewable Energy (MNRE) and the Solar Energy Corporation of India (SECI).
EV market set to grow at 36% till 2026; 365,920 units sold in 2018edit
The domestic electric vehicle (EV) market is projected to grow 36 percent annually between 2019 and 2026 as the market has gained traction following the implementation of the second phase of the EV incentives scheme in April. Under the governments ambitious Fame (Faster adoption and manufacture of electric vehicles) II scheme to popularize electric and hybrid vehicles, up to 1 million EV two wheelers powered by new advanced technology battery of 2KWH are pegged to get subsidy of up to Rs 20,000 each.
Automakers focus on exports to increase sales, reduce inventoryedit
Industry insiders and market watchers predict the trend to continue in the coming months to reduce the BS-IV inventory levels. As per the data furnished by the Society of Indian Automobile Manufacturers (SIAM), the sector’s exports across categories was higher by 17.60% at 411,470 units from 349,893 units shipped abroad in November of 2018.
With electric vehicle feasibility still a decade Away, India must focus on viable alternatives like Auto LPGedit
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Tata Nexon EV Teased For The First Time; To Be Unveiled On December 19edit
The structural changes will help the Nexon range in complying with pedestrian crash test standards as well. The changes have brought the Nexon EV as well as Nexon facelift closer to the Impact Design 2.0 styling philosophy debuted in the Harrier. The Nexon EV will indeed be retailed in a phased manner across the country as nine select cities will get it first.
No recovery in sight for automobile industry yet: Pawan Goenka of M&Medit
A rise in GST rates on tractors and electric vehicles could be a big blow to the auto industry, said Pawan Goenka, managing director of Mahindra and Mahindra. Even as automobile companies are bracing for the BSVI emission standard compliance, a rise in goods and services tax (GST) rates on tractors and electric vehicles could be a big blow to the industry, said Pawan Goenka, managing director of Mahindra and Mahindra (M&M) on December 12.
e-yAna taxi service introduced in Hyderabad to reduce carbon footprintsedit
We are trying to enter into Warangal and Karimnagar cities. People are really looking forward to such initiatives through an app-based platform. We have developed our own app. The beauty of our initiative or product is the batteries that are going to charge via solar power. After the ride, the customer will receive a note featuring the number of CO2 savings, so that customer feels proud that they have helped the future generation by reducing air pollution said Sandeep.