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EVINDIAMake in India boost: JSW to launch its own EV brand -img
Make in India boost: JSW to launch its own EV brand

Following the $1.5 billion joint venture of JSW group with China’s SAIC Motor to engineer and sell Morris Garages' electric vehicles, JSW Group is all set to launch its own brand of EVs, Economic Times reported. JSW Chairperson Sajjan Jindal, in an interview with The Financial Times, has said that the company does not wish to work as an “outpost of a Chinese company.”. Jindal said. “We want to manufacture the products in India, value-add in India, and sell in India,” ET reported. The steel giant acquired a 35% stake in MG Motor India from SAIC, earlier this year. The Chinese company partnered with JSW for its Indian operations after facing difficulties securing funds due to India’s strict controls on Chinese investments which were, introduced in 2020 following border clashes between the two countries.Earlier this year, the JSW group secured a 35% stake in MG Motor India from SAIC. Following border hostilities in 2020, India imposed severe limits on Chinese investments, which made it difficult for the Chinese company to secure funding. As a result, the company partnered with JSW to conduct its activities in India.JSW's proposed auto plant in Aurangabad, Maharashtra, will be devoted to this new EV-focused endeavour, Jindal further disclosed.Aurangabad Industrial City welcomed JSW's projected Rs 27,200 crore investment in commercial cars and EVs in October. The project is anticipated to generate 5,200 jobs.However, the FT report stated that Jindal did not offer further information regarding the particular models or investment plans.

EVINDIALamborghini will not postpone Lanzador EV launch-img
Lamborghini will not postpone Lanzador EV launch
Lamborghini will not postpone its EV plans like Aston Martin and Bentley. For as long as possible, the Italian supercar manufacturer will continue to market its current three hybrid versions, Autocar reportedUnlike Aston Martin and Bentley, Lamborghini has decided not to postpone its plan for EVs. The Italian automaker will continue its three hybrid versions currently available in the market, for as long as possible. In an interview with Autocar, Stephan Winkelmann said, “When we decided to do the first step of our strategy, to have all the line-up new and hybridised, this was a big effort for the company. For the last four years, we have worked very hard on this, and now we see that this was – you never know, but – the right decision. Therefore, we think that to be very focused on a step-by-step approach on [electrification] was the right decision,” the report addedWinkelmann stated that Lamborghini's first electric vehicle, which was derived from the past year's segment-bending Lanzador concept, is a brand-new model rather than a substitute for any existing vehicle. It is less likely to have an effect on the company's sales volumes, and it may even boost them.Citing Winkelmann Autocar further reported, “We have enough time to decide if we need to accelerate or delay the introduction of the electric cars,” he said. “So far, we are not thinking about delaying anything. We said we want to have our first electric car by the end of this decade, and this is something which we will continue to foster because we said it has to be an additional car - a fourth model.”Although Winkelmann recognised that the EV adoption curve is not "as steep as forecasted," he added that this is "even more" true for Lamborghini's super-sports vehicle market, meaning the company's plan to "stay hybrid as long as possible is really the right one," the report said. 
EVINDIAGovt’s serious fraud unit investigates Hero Electric, Okinawa for violation of FAME-2 -img
Govt’s serious fraud unit investigates Hero Electric, Okinawa for violation of FAME-2
On suspicion of fraudulently flouting localisation norms to avail subsidies under the FAME-2 scheme, Hero Electric Vehicles Pvt Ltd, Okinawa Autotech International Pvt Ltd and Benling India Energy have been investigated by the Serious Fraud Investigation Office, livemint reported.The Center's EV subsidy program, FAME 2, allowed manufacturers to apply for government subsidies and allowed consumers to purchase EVs at reduced costs. However, the Orignal Equipment Manufacturers (OEMs) have to fulfil the scheme’s localization norms to enjoy the benefit of the government’s scheme.  According to the corporate affairs ministry, all three companies were found to have violated the FAME 2 phased manufacturing program (PMP) standards in order to receive subsidies of ₹297 crore. Mandating the localisation norms for EV OEMs, PMP guidelines give a list of vehicle components that are allowed to be imported, and the time period in which these imports should be phased out. According to the ministry, SFIO investigations showed that several parts that were prohibited by the PMP rules were either directly or indirectly imported from China.There was no quick response to emails sent to Okinawa Autotech and Navin Munjal, managing director of Hero Electric. No one could be reached for comment from Benling India.The update comes after the Ministry of Heavy Industries took proceedings against these corporations for two years. In 2022, MHI began pursuing EV manufacturers who were allegedly violating PMP regulations and sought reimbursement for the subsidies they had been given.In total, 13 companies were being investigated by the ministry including AMO Mobility, Okinawa Autotech, Benling India, Lohia Auto and Hero Electric.Within a few months, AMO Mobility, Greaves Electric Mobility, and Revolt—three of these six automakers—returned the subsidies along with interest. Benling, Okinawa, and Hero Electric, however, did not return the subsidy funds.According to a report by the Economic Times citing government sources, Hero Electric made an attempt to pay the debt with MHI in October of this year while the company's request was being considered.
NewsNovember EV sales data: OLA and TATA on top, MG Motors at No. 2

November EV sales data: OLA and TATA on top, MG Motors at No. 2

calenderPrashant
02-Dec-24 06:46:53 pm IST
After hitting a new sales record of 2.19 lakh units in Oct, the total registration of EVs (in all segments) in November stood at 1.92 lakh units, marking an increase of 25% from November 2023.
NewsGOI to increase incentives to boost domestic EV manufacturing

GOI to increase incentives to boost domestic EV manufacturing

calenderPrashant
30-Nov-24 07:50:08 pm IST
To attract manufacturers to establish EV plants with an investment commitment of at least $500 million, the Centre had already drastically lowered import taxes in March.
NewsDelhi cabinet decides to extend EV policy by March 2025

Delhi cabinet decides to extend EV policy by March 2025

calenderPrashant
28-Nov-24 06:38:17 pm IST
Hailing the decision, Arvind Kejriwal posted on X “Congratulations to the people of Delhi. The Delhi Electric Vehicle Policy is being restarted.”
NewsPresident-elect Trump’s “America first” policy may hamper EV trade

President-elect Trump’s “America first” policy may hamper EV trade

calenderPrashant
28-Nov-24 06:34:36 pm IST
With 75% of the world's battery cells and 85% of its anodes produced, China is the market leader in batteries worldwide. Proposed tariffs may more than quadruple the cost of lithium-ion batteries.
NewsMahindra launches India’s first born e-SUVs– Be 6e, XEV 9e

Mahindra launches India’s first born e-SUVs– Be 6e, XEV 9e

calenderPrashant
28-Nov-24 06:29:58 pm IST
Powered by lithium iron phosphate battery packs, the BE 6e and XEV 9e have ranges of 682 km and 656 km, respectively. Using a 175kW DC charger, the EV can get charged from 20% to 80% in 20 minutes.