Media
Electric cars may take 3 years to hit inflection point in India: Report
- September 29, 2022
Source: The Hindu Business Line
A report by BNP Paribas sees FY22 as the year of accelerated EV adoption in the two-wheeler segment, helped by incentives, wider availability, model launches, a rise in crude prices, and improved general awareness. The two-wheeler industry crossed the inflection for EV adoption in 2021, while it is at least three years away from the inflection point for the passenger vehicle segment, says the report.
Tata Motors disrupts EV market with new Tiago
- September 29, 2022
Source: The Economic Times
Tata Motors, already the biggest in India's EV space, expects the share of the powertrain to be in double digits of total before FY23 winds down, with incremental buyers for the new Tiago EV leading the march. Tata Motors, the country's biggest automotive company by revenues, has sought to democratize the adoption of electric vehicles (EV) by introducing the Tiago at a price point sufficiently disruptive for mainstreaming the powertrain hitherto associated largely with luxury cars.
Delhi Skill and Entrepreneurship University in tie-up with automobile firm for EV innovation
- September 27, 2022
Source: The Times of India
Delhi Skill and Entrepreneurship University, in partnership with an automobile company, has launched ‘EVitalize 2022-Powering What’s Next’, a showcase of electric vehicle (EV) innovation to bring the young minds solve the real-world challenges to address major barriers in mass adoption of EVs.
Chandigarh’s electric vehicle policy: Incentives for first 10 startups ensuring zero-emission mobility
- September 27, 2022
Source: Hindustan Times
On the recommendation of the Chandigarh Renewal Energy and Science and Technology Promotion Society (CREST), a provision has been made to provide infrastructure incentives and patent fees to promising start-ups in the union territory's EV Policy. To promote research and innovation in electric mobility, the Chandigarh administration under its electric vehicle policy will be providing a slew of incentives to the first ten startups promising zero-emission mobility.
Hero Electric to set up Rs 1200 crore electric vehicle manufacturing plant in Rajasthan
- September 26, 2022
Source: Business Today
Two-wheeler maker Hero Electric will set up a mega electric vehicle (EV) manufacturing plant with an investment of Rs 1200 crore in Rajasthan. The proposed unit will be located in Salarpur industrial region in the Alwar district. The production is expected to start by the end of 2023.
Volvo Car India aims to sell 1,000 EVs in 2023
- September 23, 2022
Source: The Economic Times
Volvo Cars is aiming to sell 900-1000 luxury electric vehicles in 2023, as demand for zero-emission vehicles increases in India. Globally, Volvo is aiming to be fully electric by 2030, and has plans to make EVs to account for at least half its sales volume by 2025. Malhotra, however, set a steeper target for its India business: 80% of sales from EVs by 2025.
Air India, AirAsia India and Vistara sign MoU with CSIR-IIP
- September 22, 2022
Source: Air India
Air India, AirAsia India and Vistara (Tata SIA Airlines) and signed a Memorandum of Understanding with the Council of Scientific and Industrial Research – Indian Institute of Petroleum to collaborate and work together on the research, development and deployment of sustainable aviation fuels (SAFs). The focus of the MoU is the exploration of Single Reactor HEFA Technology for Drop-in liquid Sustainable Aviation and Automotive Fuel (DILSAAF).
India, World Bank looking to spur lending for electric vehicles
- September 21, 2022
Source: ET Energy World
Government of India and the World Bank are in talks to introduce a risk-sharing mechanism to compensate banks giving loans for electric vehicle purchases, an official said, as the country seeks to decarbonize the transport sector. The risk instrument will help banks hedge against loan defaults and cut the cost of financing EVs.
Chandigarh to phase out fuel-based vehicles
- September 21, 2022
Source: Indian Express
Declaring itself a model electric vehicles (EV) city, the Chandigarh administration, while notifying the EV policy, stated that within two years from now, they will entirely stop the registrations of petrol-based two wheelers. The administration havs approved the policy to make UT a ‘Model EV City’ with highest zero emission vehicles (ZEV) among Indian cities, in five years. The policy comes into force with immediate effect.
E-Mobility becomes easier as Tata Power creates pan India EV charging infrastructure
- September 21, 2022
Source: News18
Tata Power has joined hands with News18 Network to launch ‘Sustainable is Attainable’ - An Initiative to fast-track India’s GreenEnergy transition by raising mass awareness about green technologies, clean energy and sustainable lifestyles for the common man via wide-scale adoption of green products and solutions.