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Changes likely in India's new EV policy, may benefit legacy car companies

  • July 08, 2024

Source: The Economic Times

India is likely to make changes to its new electric vehicle (EV) policy to incentivise automakers that have already made investments in the country. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments.

Electric vehicle registrations in India grew by 16% in H1 2024, with a positive outlook for future growth

  • July 07, 2024

Source: The Hindu Business Line

According to Vahan data, which tracks vehicle registrations in the country, 8,42,396 electric vehicles were registered between January and June 2024. Electric vehicle registrations in India witnessed a 16 per cent growth in H1 in 2024 year-on-year.

Policy and market synergy required for EV sector to thrive

  • July 05, 2024

Source: Deccan Herald

The Indian electric vehicle (EV) ecosystem anticipates the rollout of the third phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME), which has in the previous phases along with state government policies steered the EV uptake.

BIS introduces new safety standards for EVs in India

  • June 23, 2024

Source: The Economic Times

The Bureau of Indian Standards (BIS) introduced two new guidelines aimed at enhancing the safety of electric vehicles in the L, M, and N categories. These new sets of rules, called IS 18590: 2024 and IS 18606: 2024, focus on the main parts of electric cars, buses, and trucks, especially the powertrain (which includes parts like the motor and transmission).

Indian Oil and Sun Mobility form JV to expand battery swapping network in India

  • June 06, 2024

Source: EV Reporter

The joint venture plans to expand to over 10,000 battery swapping stations across 40+ cities in next three years and aims to to establish and deploy one of the largest battery swapping infrastructure networks by 2030.

NSE Indices launches India’s first Electric Vehicle Index

  • May 30, 2024

Source: Mint

The Nifty EV & New Age Automotive Index is designed to monitor the performance of businesses within the electric vehicle (EV) sector and those engaged in the advancement of new-age automotive vehicles and associated technology. The index aims to track the performance of companies which form a part of the EV ecosystem or are involved in the development of new age automotive vehicles or related technology.

India leads in electric vehicle sales amid global slowdown

  • May 25, 2024

Source: The Economic Times

Global electric vehicle sales growth faces challenges like capital costs and election uncertainty. US EV sales outpaced Europe, where EV sales declined due to Easter holidays. Germany saw a 29% drop in EV sales, while India's EV market share doubled to 4% in 2023.

Centre aims to train 600,000 workers to power Green H2 goal

  • May 16, 2024

Source: The Economic Times

Government aims to develop 600,000 skilled workers for National Green Hydrogen Mission by 2030, identified by Ministry of Skill Development and Entrepreneurship and MNRE.

India explores incentives to boost lithium processing

  • May 10, 2024

Source: Manufacturing Today

India is reportedly contemplating incentives to prompt private firms to establish lithium processing plants, aiming to enhance its lithium mining sector and bolster electric vehicle (EV) battery metal supplies. Under a forthcoming critical minerals policy, the government intends to incentivize companies to set up processing facilities, encompassing beneficiation and refining stages.

NCRTC first EV charging station at Sahibabad starts operation

  • May 06, 2024

Source: The Pioneer

he National Capital Region Transport Corporation (NCRTC) has started operating the first Electric Vehicle (EV) Charging Station at Sahibabad RRTS station. Situated at Gate No. 1 of the Sahibabad RRTS station, the newly operational EV charging station boasts a comprehensive array of charging units catering to various electric vehicle models