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EVINDIAIndian 2W EV market observes 24% surge in February. Ola remains at top-img
Indian 2W EV market observes 24% surge in February. Ola remains at top

In February 2024, the Indian market for electric two-wheelers (E2Ws) had a notable spike in registrations, suggesting a strong 24% annual increase in high-speed scooters. Vahan data indicates that this increase is a reflection of the rising popularity of electric vehicles in the nation, where major firms are making progress in this rapidly developing industry.High-speed E2W registrations continued their consistent month-over-month trend in February, totalling 81,963 units. It's important to note that February's extra day helped to spur this expansion. The average monthly run rate for the current fiscal year is 73,190, a notable 21% increase over the average of 60,500 units for the last fiscal year.The market momentum for electric two-wheelers (E2Ws) has continued, as seen by the 5.7% penetration rate in February 2024—a minor rise from 5.6% in January.With 33,722 units registered, Ola Electric continued to lead the pack in February 2024. Ola Electric not only had the most registrations, but it also held a commanding 41.1% of the market. A calculated price decrease in the last fifteen days of the month served to reinforce this achievement even further.Notable companies including TVS Motor, which had a 17.7% market share, Bajaj Auto, which had a 14.2% share, and Ather Energy, which had an 11% share, came after Ola Electric. Three percent of the market was taken up by Greaves Electric, formerly known as Ampere.

EVINDIAVinFast unveils Klara S Electric Scooter: All you need to know-img
VinFast unveils Klara S Electric Scooter: All you need to know
VinFast filed a design patent for its all-new Klara S electric scooter in India on February 25, following the groundbreaking ceremony of its first integrated EV production plant in Thoothukudi, Tamil Nadu. This filing raises the possibility that VinFast may soon enter the two-wheeler market. The relatively new EV manufacturer, located in Vietnam and founded in 2017, offers the Klara S for VND 39,900, or around Rs 1.35 lakh, in the nation. It is to be noted that the batteries and charger are not included in the price. The vehicle comes in seven colour options.Features of VinFast Klara SThe VinFast Klara S has a hub-mounted electric motor that generates 4 bhp (3 kW) power. Moreover, the scooter can travel 194 kilometres on a single charge and has a maximum speed of 78km/hr as reported by the firm. In addition, the hub motor is powered by a 3.5kWh lithium-iron-phosphate (LFP) battery that charges in 6 hours.Exterior specificationsThe Klara S is equipped with a coil spring/damper hydraulic configuration in the back and a telescopic hydraulic setup up front. In the meanwhile, the front and back wheels of the vehicle are equipped with discs at both ends, measuring 14 inches each. The Klara S is designed to resemble a traditional scooter, much like the Bajaj Chetak, which debuted the Premium version of its 2024 model in January 2024. It has an accessible seat height of 760mm and circular LED turn indicators and headlamps. Furthermore, because the compact electric SUV's design patent has been filed, VinFast may introduce the VF3 in India in 2025. The business anticipates a range of around 201 km on a single charge, though it has not yet disclosed battery parameters.   VinFast in India Last month, VinFast and the Tamil Nadu government inked a MoU (Memorandum of Understanding) committing to an investment of almost Rs 16,600 crore for the production and export of automobiles. About Rs 4,165 crore of the total investment amount has been set aside for the project's first phase (EV facility), the groundbreaking ceremony for which was attended by Tamil Nadu Chief Minister M K Stalin.    VinFast's integrated electric vehicle (EV) facility in Tamil Nadu, which occupies 400 acres, is anticipated to create between 3,000 and 3,500 jobs and have a 1.50 lakh unit annual production capacity. 

EVINDIATata Electric Vehicle Unit to launch $1-2 billion IPO in FY25-26?-img
Tata Electric Vehicle Unit to launch $1-2 billion IPO in FY25-26?
Riding high on the success of India's rapidly growing EV market, Tata Passenger Electric Mobility Limited (TPEML), a division of Tata Motors and the brains behind well-known models like the Tiago EV and Nexon EV, is gearing up for a possible 12–18 month IPO. According to a report by The Hindu BusinessLine, the Tata Group is strategically pushing to monetarily maximise its investments in the rapidly expanding electric vehicle (EV) market with its public debut, which aims to earn $1–2 billion.A banker with knowledge of the situation told The Hindu BusinessLine, "The listing of TPEML is to ensure that the Tata Group is able to monetise its investments in the electric vehicles business rather than to garner funds from the market." Although the exact date of the IPO is yet unknown, the business is reportedly looking at FY25 or FY26 as a possible window, assuming excellent market circumstances for electric cars and a generally upbeat outlook for the stock market. Notably, Tata Motors has already committed to allocating $1 billion of its own funds to TPEML, and the strategy is moving along according to plan.As part of its big $2 billion investment plan for the EV sector by 2026, TPEML successfully secured $1 billion in finance from TPG in January 2023. This announcement follows, according to numerous media reports. The Tata Group's larger plan to extract value from its electric vehicle investments appears to be the main motivator, despite the fact that the IPO may strengthen its capacity for obtaining capital.

EVINDIABYD plans to enter the two-wheeler EV market-img
BYD plans to enter the two-wheeler EV market
The Chinese Original Equipment Manufacturer (OEM) BYD announced on Saturday that it will increase its investment in R&D to manufacture two-wheeler batteries. While announcing the update, the company’s wholly-owned battery subsidiary FinDream posted on WeChat that it will manufacture reliable and safe batteries for the two-wheeler electric vehicles in the upcoming years. The post reads, “Our mission is to let people use batteries without worries,”According to the reports, the company is expected to collaborate with different third-party stakeholders to produce efficient indoor batteries. At 15.8% of the worldwide EV battery market in 2023, BYD is the second-biggest manufacturer in the world. Until now their batteries were used in electric cars and stationary storages, but after the update, BYD may soon be seen in electric scooters and e-bikes segments as well. Currently in India, BYD operates only in the 4-wheeler segment and plans to further scale the business. However, the ambition to grow further in India saw an impediment when the government rejected BYD’s proposal of investing $1Bn in the Indian domestic market.  At the same time, the discussion of EV giant Tesla with the government to enter the Indian EV market has been at its peak. Although earlier, reports have suggested that BYD has overtaken Tesla in sales numbers, the “China-Factor” still holds significance in the Indian policy-making side.For the past few years, the government of India (GOI) has been actively participating to decrease the reliance of India on the import of EV’s raw components from China. The “vocal-for-local”, and “Aatm-Nirbhar Bharat” among many other initiatives have resulted in raising $4.8 billion in the EV industry, according to the latest reports.Moreover, the highly incentivised policies of the GOI  to promote local manufacturing from the supply side and subsidies for the customers on the demand side have established an EV ecosystem which BYD may find difficult to penetrate. Meanwhile, it will be interesting to note that markets like Africa where the success of Indian two-wheeler brands has already been established will be able to sustain the transition towards clean energy or not after constantly increasing competition. The update of BYD’s entry into the 2-wheeler segment may counter the unreliability of Chinese products in the world market. Earlier, in the ICE segment, Chinese products were reported to have poor customer satisfaction in the African market. However, BYD’s entry may foster new customer reliability and induce novel competitive challenges for countries like India. 
EVINDIALog9 join hands with Trinity Cleantech to establish charging networks throughout India

Log9 join hands with Trinity Cleantech to establish charging networks throughout India

calenderPrashant
25-Feb-24 01:25:14 pm IST
The 'BCA LEV DC' standard is part of the commitment to interoperability so that users may charge their batteries anywhere with confidence.
EVINDIA Volkswagen and JSW group join hands to establish EV joint venture

Volkswagen and JSW group join hands to establish EV joint venture

calenderPrashant
21-Feb-24 04:44:10 pm IST
Enhancing local sourcing, upgrading charging infrastructure, increasing manufacturing capacity, and launching a wider variety of EVs are just a few of the projects that the SAIC-JSW JV hopes to carry out.
EVINDIAA step towards battery revolution: Sodion Energy unveils sodium-ion-battery

A step towards battery revolution: Sodion Energy unveils sodium-ion-battery

calenderPrashant
20-Feb-24 04:24:49 pm IST
One of the key benefits of NIBs is their safety. While lithium-ion batteries (LIBs) still have a little fire anxiety, sodium-ion-based batteries have almost no fire risk when overcharged or in an accident.
EVINDIAVinFast to set up its EV unit on 400 acres of land in Tamil Nadu’s Thoothkudi

VinFast to set up its EV unit on 400 acres of land in Tamil Nadu’s Thoothkudi

calenderPrashant
17-Feb-24 06:23:51 pm IST
The VinFast investment is expected to significantly benefit Tamil Nadu, which has become India's EV centre and is responsible for more than 40% of all planned investments in the EV industry, including two-wheelers.
EVINDIATata reduces Rs 70,000 on Tiago EV: Learn variant-wise price here

Tata reduces Rs 70,000 on Tiago EV: Learn variant-wise price here

calenderPrashant
15-Feb-24 03:21:52 pm IST
There has been a price reduction of up to Rs. 1.20 lakh for the Tata Nexon EV. The automaker kept the Punch EV and Tigor EV's pricing unchanged, passing along the savings from lower battery costs to customers.
EVINDIABYD confirms launch of its all-new e-sedan- BYD SEAL

BYD confirms launch of its all-new e-sedan- BYD SEAL

calenderPrashant
14-Feb-24 02:57:16 pm IST
In India, the BYD Seal is expected to cost around Rs 60 lakh (ex-showroom). Being more affordable than the BMW i4, it will be considered a rival to the Hyundai Ioniq 5 and Kia EV6.
EVINDIATata reduces Nexon EV price by Rs 1.20 lakhs

Tata reduces Nexon EV price by Rs 1.20 lakhs

calenderPrashant
13-Feb-24 03:38:50 pm IST
The company has announced different prices for different variants of Nexon.ev MR and Nexon.ev LR. The difference between the reduced prices varies from RS 20,000 ( Nexon.ev MR Fearless+) to 1,2000 (Nexon,ev LR Fearless).
EVINDIAMahindra XUV400EL Pro VS Tata Nexon EV: Detailed review

Mahindra XUV400EL Pro VS Tata Nexon EV: Detailed review

calenderPrashant
12-Feb-24 04:12:11 pm IST
A brand-new dashboard, a 10.25-inch infotainment screen with wireless Android Auto and Apple Carplay are two upgrades for the Mahindra XUV400 EL Pro. The system now has over 50 linked functionalities that improve occupant convenience and safety.
EVINDIARiver receives USD40mn funding from Yamaha motors

River receives USD40mn funding from Yamaha motors

calenderPrashant
11-Feb-24 03:24:52 pm IST
The firm has raised USD 68 million (around Rs 565 crores) in total finance since its founding in March 2021, including its most recent capital injection.
EVINDIA Odisha to receive Rs40,000 cr from JSW for setting up EV facilities

Odisha to receive Rs40,000 cr from JSW for setting up EV facilities

calenderPrashant
10-Feb-24 05:57:10 pm IST
The agreement, highlights both the state's favourable investment climate and the government's deliberate efforts to establish Odisha as a leader in India's electric vehicle and green technology industries.
EVINDIATata confirms launch of The Curv EV in second quarter of FY 2024-25

Tata confirms launch of The Curv EV in second quarter of FY 2024-25

calenderPrashant
09-Feb-24 02:01:56 pm IST
The Curvv EV is anticipated to start at Rs 20 lakh, while the ICE Curvv will most likely have a starting price of Rs 10.50 lakh.
EVINDIAMG lowers its prices: Comet now more affordable than Tata Tiago EV

MG lowers its prices: Comet now more affordable than Tata Tiago EV

calenderPrashant
08-Feb-24 05:39:09 pm IST
The ZS EV now begins at Rs 18.98 lakh, ex-showroom, after a Rs 3.9 lakh price reduction. The ZS EV Executive is a new entry-level trim that MG has released. Therefore, the EV's pricing range is Rs 18.98 lakh to Rs 25.09 lakh.