Ather is reported to launch its first experience facility in Sri Lanka in the coming quarter in collaboration with Evolution Auto Pvt. Ltd., a joint venture between Sensei Capital Partners, Atman Group, and Sino Lanka Private Limited.

Ather Energy enters Sri Lanka’s EV market after Nepal

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The US election's result has observed bittersweet reactions from all over the world. Donald Trump has once again climbed up the presidential chair by riding a worldwide wave of “right” ideology. Since the inception of his 2nd tenure, Donald Trump has already taken decisions to put “America first”. One such decision by the President-elect is to put a 25% tariff on all products imported into the US from Mexico and Canada and a 35% tariff on products from China. This hard-power decision taken by Trump has been feared by many economists throughout the world. But what are they feared about? What does it mean for India? Are EVs in India going to be more expensive? Let's find out! The Decision It is safe to say that the steps taken by Trump’s administration do represent the majoritarian will of the American people as he was already advocating for a 60 per cent tariff on imports from China, and 10-20 per cent on others. According to him, high tariffs will boost manufacturing in the US which will rebalance trade with other countries, and improve government finances. The President-elect announced the tariff imposition on the top trading partners of the USA–Mexico, Canada and China on the social media platform Truth Social.&nbsp; Earlier, the Inflation Reduction Act has already introduced various tax credits for EV companies to set up their manufacturing units in the USA. In fact, according to a report by nrdc.org, the USA has already surpassed China as the most favourable country for EV investments. Now, with the tariff hanging over, it will be interesting to note the reactions of the worldwide EV companies.&nbsp; The effect&nbsp; According to research by economists at the Peterson Institute of International Economics, Trump's policies might wind up costing the average American household more than $2,600 a year. Nonetheless, it seems that both Republicans and Democrats support the concept of increasing tariffs.&nbsp; Free market analysts and advocates of globalisation have shown serious concern over Trump’s decision, as the tariff wars between countries may come at a cost of inflation and global slowdown. Amid such volatility, the comparatively nascent market of electric vehicles has also come under threat.&nbsp;Although, as per studies, the USA only accounts for 7-10% contribution to the global supply chain of EVs, the direct repercussions will be faced by the companies who have their manufacturing or assembly units in the USA.&nbsp;&nbsp; Recent reports by Bloomberg have shown that BYD intends to reduce prices to tackle tariffs and not shift the burden on consumers. The step came after Tesla offered a price cut on its Model Y in China. BYD, the Chinese giant has been in constant competition with Tesla for the rank of No1 in worldwide sales.However, communist China provides a great government intervention to absorb the losses which the company makes in order to remain in the competition. Although this policy is not designed to serve in the long run, BYD has already reported to cut down its prices.&nbsp; Trump’s decision has invoked chances of potential retaliation by Mexico and China, while Canada has started negotiations. Once an advocate of free trade, the USA seems to shift its policy towards protectionist ideas, risking a global slowdown, amid the broken dispute resolution mechanism of the World Trade Organization (WTO). The USA as the third largest EV market in the world accounts for 10% of the overall global market worth, after China accounting for 60% and Europe accounting for 25%. However, in the USA, approximately 70% of the sold EVs are domestically manufactured while $19 billion worth of electric vehicles are imported, according to the USA customs clearance website. Hence, it can be said that after the tariffs, the global EV industry may be affected by at least $19 billion. Moreover, the raw material imported from other countries to manufacture EVs may also add to the losses, taking the number to another higher value.&nbsp; Impact on India&nbsp; India is an import-oriented country whose overall trade remains in deficit, however, India has a trade surplus with the USA. That said, if the inflation in the US market rises, the demand in the market will reduce, ultimately leading to a loss of a considerable amount of India’s foreign exchange. It is also interesting to note that in Trump 1.0, India has already lost its Generalised System of Preference (GSP) status which obliged a developed nation to buy certain products from a developing country. However, as per SBI, there has been a significant rise in the trade of India with the USA despite revoking the GSP status which is a good sign for the overall Indian market.&nbsp; With bilateral trade over $120 billion in FY24, the US continues to be India's largest trading partner, marginally surpassing India's trade with China. India's dependence on the US market has increased over the last ten years; currently, 18% of India's exports go to the US, up from 10% in 2010–11. India exports a wide range of products to the US, including engineering equipment, electronics, and textiles. The EV companies planning to launch themselves in the US market might have to change their plans. On the other hand, the earlier cut in the fed rates by the USA might indicate a good time for EV companies to go global. Hence, EV companies must navigate between this opportunity and challenge to make their way to the world. Whereas, when it comes to pricing, it is highly unlikely that any Indian EV company will significantly change the cost of its EV due to this update.

Explore how Donald Trump's second-term tariff policies could impact India's EV market and global trade. Learn about potential challenges, opportunities, and the ripple effects on India's economy and electric vehicle industry.

Trump’s Second Term: Impact on the Indian EV Market and Global Trade Dynamics

Will Trump’s administration impact the Indian EV market?

Prashant

From the dawn of India’s farm mechanisation to the journey of electric vehicles, Mahindra is a well-known name in Indian markets. The company has a rich history of collaboration and teamwork shared with companies in the UK, USA, France and others which has given a legacy of customer-understanding to the company. Driving through farms, the company has entered the FIA Formula E championship as well. Keeping the pace of time, <a href="https://evindia.online/electric-vehicle-companies/mahindra" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Mahindra</a> has evolved as the world transitions to <a href="https://evindia.online/product/mahindra-xuv-400-ev-ec-pro-34.5-kwh" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicles</a> (EVs).&nbsp; When it comes to the L5 electric vehicle segment in India, Mahindra holds a dominant 41.2% market share (SIAM). Moreover, Mahindra has sold over 100,000 EVs in the past 17 months, fueled by advanced products like the Treo Plus, e-Alfa Plus, and Mahindra ZEO. Their commitment to a sustainable future is further highlighted by the UDAY NXT loyalty program, offering ₹ 20 Lakh* driver accidental insurance cover to new EV buyers.&nbsp; Today, we witness a significant milestone: the unveiling of India's first homegrown "Born Electric" SUVs – the XEV 9e and BE 6e. INGLO: The Foundation for Electric Supremacy The XEV 9e and BE 6e are based on the revolutionary INGLO Electric Origin Architecture. This platform marks a high-tech departure from the past, designed from the ground up exclusively for electric vehicles. INGLO is the "Electric Origin" philosophy which breaks away from the the limitations of existing platforms and forges a path for the future of electric mobility. A key feature of INGLO is its lightweight, skateboard structure with a flat floor. This design principle, with high-density battery technology, maximizes the interior space. The design provides a roomy, comfortable cabins offering enhanced seating flexibility. The platform's modularity allows for the creation of diverse models, catering to a range of preferences – from the athletic BE 6e to the elegant XEV 9e, without compromising on performance or quality. Passengers will have a superlative driving experience – lighter, more agile, and incredibly spacious. Range Anxiety? A Thing of the Past INGLO tackles a major challenge for EVs – range anxiety.&nbsp; With robust battery options of 59 kWh and 79 kWh, these SUVs offer a class-leading range, putting an end to worries about frequent charging. Furthermore, INGLO utilizes advanced LFP battery chemistry and standardized cell-to-pack technology. This translates to long-lasting durability, exceptional safety, and unwavering reliability. But innovation doesn't stop there. INGLO boasts fast-charging capabilities, allowing you to charge from 20% to 80% in a mere 20 minutes using a 175 kW DC charger.&nbsp; Whether you're embarking on a long road trip or navigating city commutes, INGLO ensures a seamless and stress-free experience. Safety remains paramount, and INGLO prioritizes it with features like ultra-high-strength boron steel and reinforced frontal structures. This unwavering commitment to safety ensures the XEV 9e and BE 6e are built to endure, able to withstand extreme heat and rigorous crash tests, keeping you confident on every journey. Thrilling Performance, Unmatched Handling Exciting driving experiences await in both the XEV 9e and BE 6e, with INGLO providing a compact three-in-one powertrain including motor, inverter, and transmission for great performance creating power outputs in the range of 170 kW to 210 kW for rear-wheel-drive variants. The vehicles boast a semi-active suspension system for best-in-class handling, high-power steering, and brake-by-wire technology to deliver a smooth yet thrilling ride experience. In conjunction with this, INGLO will feature intelligent drive modes for turning the SUV so that it adjusts to the terrain accordingly at the touch of a button leaving the vehicle and driver in oneness. A Glimpse into the Future: Technology and Design While full specifications remain under wraps, the XEV 9e and BE 6e are anticipated to be technological marvels offering luxurious comfort. The XEV 9e might feature a futuristic triple-screen dashboard layout, while the BE 6e could boast a dual-screen setup.&nbsp; Both models are expected to include a panoramic sunroof, a nearly square steering wheel with haptic buttons, and illuminated branding.&nbsp; Advanced Driver Assistance Systems (ADAS) controls are also expected to be integrated into the steering, along with toggle buttons and paddle shifters for regenerative braking.&nbsp; The centre console designs are likely to differ between the two models, with the XEV 9e potentially offering a third screen for the front passenger. The design language for both SUVs embraces a futuristic aesthetic, integrating sharp design elements tailored for modern EV enthusiasts.&nbsp; The XEV 9e could feature a connected LED light bar at the front, complemented by vertical lighting elements, a closed grille, and a sleek bonnet adorned with Mahindra's new EV-specific logo.&nbsp; In contrast, the BE 6e is expected to flaunt its unique identity with a BE logo at the front, alongside a design inspired by the XUV 3XO concept. Both SUVs are expected to showcase bold character lines, expansive wheel arches housing 18-inch alloy wheels, and connected LED tail lights at the rear.&nbsp; The BE 6e also distinguishes itself with a coupe-like roofline, enhancing its sportier appeal. A New Era Dawns Mahindra &amp; Mahindra Ltd. is currently keeping all eyes on upcoming products, putting aside the dwindling sales of its only electric model, the Mahindra XUV400, as expressed earlier by Rajesh Jejurikar, Executive Director, Auto and Farm Sectors, Mahindra and Mahindra Ltd. Thus, the XUV400, which sold 1,800 units, will not become the focus of the entire company in the electric vehicle market anymore. Rather, Mahindra will invest and allocate resources toward the two products, XEV 9e and BE 6e, which will have exclusive production lines at its Chakan set-up for these vehicles. These products redefine electric mobility as India steps into a future where electric mobility is celebrated. They drag on by virtue of their own innovative INGLO platform, cutting-edge technology, and stunning design, ensuring the most exciting and cleanest mobility experience on Indian roads. In no time, we will be able to witness these officially unveiled; till then, we can rest assured that Mahindra will always remain ahead of the game, bringing life into the future of electric mobility in India.

Discover Mahindra’s game-changing electric SUVs, XEV 9e & BE 6e, built on the revolutionary INGLO platform. With cutting-edge technology, impressive range, and futuristic design, these "Born Electric" SUVs redefine sustainable mobility in India.

Mahindra Unveils India’s First Homegrown Electric SUVs: XEV 9e & BE 6e

Mahindra

Mahindra Charges Ahead: Unveiling India's First Homegrown Electric SUVs - XEV 9e & BE 6e

Tarpan Vyas

Yakuza, a company known for its resilience and hard work, has acquired a significant position in the EV industry. Among big names in the EV market, it is very common for companies to get lost in the crowd, but by defying this common trend Yakuza with its wide offering of electric vehicles has come to be known as an underdog in the industry. As a pioneering EV company with high-end manufacturing facilities across India, <a href="https://evindia.online/electric-vehicle-companies/yakuza-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Yakuza</a> is committed to providing affordable and efficient electric mobility solutions. Their latest offering, the Karishma, is a testament to this commitment, which offers a compelling proposition for budget-conscious urban commuters. A Glimpse into Yakuza's Vision Yakuza, under the aegis of Maa Luxmi E-vehicle Pvt. Ltd., is working to provide more than just an EV to its users. The company stands on the vision and mission to revolutionise urban mobility. Meanwhile, with a dedicated engineering and design division certified by the International Centre for Automotive Technology (ICAT), Yakuza ensures the safety and reliability of its products along with being innovative and creative. Moreover, the company's focus on sustainability and reducing carbon emissions is encapsulated in its wide range of electric scooters and the company’s micro e-car. By offering a range of electric vehicles, including the Karishma, Yakuza empowers individuals to make eco-friendly choices without compromising on convenience or affordability. Introducing the Yakuza Karishma: A Compact Electric Marvel The Karishma, a compact electric car, is designed to navigate the bustling city streets with ease. Its sleek design, featuring new-generation alloy wheels, a stylish grill, and bold LED DRLs, gives it a modern and eye-catching appearance. Performance-wise, the Karishma is provided with a smart start/stop system and smart gear knob for efficient operation. The Karishma draws power from a 60V 45Ah battery and drives 50 to 60 kilometres on a single charge, hence perfect for daily commutes. Provided with a one-year warranty, its 1250W electric motor gives smooth and reliable performance. Inside the cabin, the Karishma offers a comfortable and convenient driving experience. It can carry up to three passengers with a ventilated roof for better airflow. The reverse parking camera and power steering facilitate handling, while power windows add to the luxury. Moreover, there is also a small digital screen that shows the speed and battery level. A Green Choice for Urban Living The compact size and slow pace of the Karishma are two of its main features which provide the vehicle its unique selling point as, with a top speed of about 25 to 30 km/h and no registration requirements, it's a hassle-free choice for city commuters. Additionally, this helps to cut pollutants and transportation congestion. Selecting the Yakuza Karishma is not only a cost-effective and practical way to get around, but it's also a step towards a more environmentally friendly future. In the upcoming years, we may anticipate seeing more innovative and environmentally friendly electric vehicles as Yakuza keeps developing and growing its product line.

Discover the Yakuza Karishma, a budget-friendly electric car designed for urban commuting. Compact, eco-friendly, and loaded with smart features, it's the perfect choice for sustainable city travel.

Yakuza Karishma: Affordable & Eco-Friendly Electric Car for Urban Commuters

Yakuza

Yakuza Karishma: A Budget-Friendly Electric Ride for Urban Commuters

Enjoying easily available loans for vehicles is a rare luxury. And when it comes to EVs, the lane gets more narrower. However, with the rise of EV financing institutions like Green NBFCs (Non-banking financing companies), financing your EV is now easier than ever before. Companies like <a href="https://www.ecofy.co.in/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Ecofy</a> and <a href="https://evfin.co/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">evfin by Greaves</a> many others have entered the EV financing market to offer a wholesome EV financing Ecosystem, so much so that the companies are now providing a 5-minute loan procedure! What exactly are Green NBFCs? How they are better?&nbsp; Green NBFCs are institutions that provide cheap and easy loans to any entity that has decided to reduce its carbon footprint. Green NBFCs are the answer to the problems customers generally face when they seek loans for their electric vehicles from regular banks. The main issues lie in the availability, process, and terms &amp; conditions of the loans often provided by these banks. And how NBFCs are better? Simple! Because they solve these issues. How are Green NBFCs better? The Rate of Interest by these NBFCs, generally, starts from 5.99 % only, unlike the high-rate loans given by banks. Obviously, it depends on your CIBIL score. Well, some banks do provide lower interest rates, however, on average any bank takes 1-2 days for any loan approval. In contrast, a Green NBFC only takes a minimum of 5 minutes to approve your loan. Moreover, banks charge you a significant amount in the case of foreclosure but when it comes to NBFCs these charges are next to nothing and sometimes, literally nothing. In addition, financial products by green NBFCs are optimised for EV purchases, unlike banks’ general financial products for every vehicle. Sometimes due to your CIBIL score, you might not be eligible for loans in banks but NBFCs might help you out.&nbsp; How to claim your 5-min loan? Although all Green NBFCs follow almost the same procedure, some steps might differ or vary depending on the company. But not to worry, if you are stuck anywhere in between, just call our EVGURUS at 9099900563 and we will help you navigate through this journey. To apply for any EV loan we highly recommend you thoroughly refer to the steps mentioned below–&nbsp; Step1- Login to your NBFC app After selecting your Green NBFC, open the page and log in with your phone number to create your ID. You will receive an OTP to finalise your profile.&nbsp; Step2- Select Vehicle After logging in, choose the EV which you want to buy. Assuming that you are trying to finance your EV only after selecting your preference, just search for your favourite ride for which you want to sanction your loan. Step3- Digital KYC The NBFC app will further require you to perform the “Know Your Customer (KYC)” exercise. In this, you have to upload your documents such as an Aadhar Card, PAN card, Income Proof, an additional address verification document such as an electricity bill and some other family background details. Step 4- Bureau check&nbsp; Further, the app will check your CIBIL score and customise an offer for you. Step 5- Offer Generation&nbsp; Following the Bureau Check, you will be provided with a loan offer starting from Rate Of Interest(ROI) as low as 5.99%. Moreover, you will get to know the downpayment options which you can opt as per your requirements.&nbsp; Step 6- eNACH process Electronic National Automated Clearing House or eNACH is a process to verify your bank account details from which your instalments will be paid. The NBFC will first ask customers to enter their bank details and then usually sends Rs1 to the customer’s account for verification. For further authenticity, the NBFC might also ask you to upload your Digital sign and a selfie. Following the procedure and after accepting all the terms and conditions, the user can proceed to the next step. Step 7- Sanction letter- Hurray! The Loan Approved! Following the eNACH step, the NBFC institution will take a few minutes to process all the data and will provide a hand-to-hand sanction letter of loan approval. And VIOLA, We are halfway there! Step 8- Walk into your nearest showroom Now walk into your nearest showroom and show your sanction letter to the Dealer. After crosschecking all the details, submit your downpayment amount and receive a receipt for your payment.&nbsp; If you are planning to buy your ride online, then also you don’t have to worry a bit. You can contact the dealer in virtual mode and make all transactions online. In the end, you will just need the receipt of the downpayment, either hardcopy or softcopy no worries.&nbsp; Step 9-&nbsp; Submit the receipt &amp; enter personal details The downpayment receipt received from the dealer is further needed to be uploaded on NBFC’s platform. After uploading the receipt, the user is asked to enter personal information such as address proof, income proof and some other documents. Here, the same documents that you may have uploaded for the digital KYC will be needed again to move further. Step 10- UTR generation&nbsp; And just like this, your loan will be disbursed. The NBFC platform will generate a Unique Transaction Reference(UTR) as proof of loan disbursement. The customer is required to share this UTR with the dealer in order to check the completion of the transaction.&nbsp; Step 11-&nbsp; Enjoy your ride Well done! You have hit the jackpot of EV financing deals! Now roll out your brand new EV from the showroom and make your journey more beautiful than the destination! Attaboy NBFCs!&nbsp; Switching the commute trend from conventional gasoline-powered vehicles to electric counterparts is a challenging job. This transition of trend is further pushed by the government’s subsidy and EV companies' constant effort to provide a pocket-friendly product. However, the importance of credit-providing companies is often overlooked in this sector. It is for companies like Ecofy, and evfin by Greaves and many more to carry the responsibility of bridging the transition cost for EV enthusiasts. Creating a comprehensive ecosystem is very necessary to promote EV adoption in India and Green NBFCs with their optimised and cheap EV loans are an important stakeholder in the revolution. So if you are looking to finance your EV, then these NBFCs are worth checking out!

Looking to finance your electric vehicle? Green NBFCs like Ecofy, and evfin by Greaves offer affordable, quick EV loans with easy approvals. Enjoy rates as low as 5.99% and get your loan approved in just 5 minutes!

Get Easy Green Loans for EVs in 5 Minutes with Green NBFCs | EV Financing Made Simple

Looking to finance your electric vehicle? Green NBFCs likeEcofy, and evfin by Greaves offer affordable, quick EV loans with easy approvals. Enjoy rates as low as 5.99% and get your loan approved in just 5 minutes!

Looking for EV? need loan? Get it in 5 mins that's too from Green NBFCs

The growing demand for cleaner, sustainable modes of transportation has fueled the rise of electric vehicles (EVs) in India. Among the front-runners in the EV two-wheeler segment is Ather Energy, a Bengaluru-based startup that has made a significant impact with its innovative electric scooters. Established in 2013 by Tarun Mehta and Swapnil Jain, <a href="https://evindia.online/electric-vehicle-companies/ather-energy-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Ather Energy</a> has introduced cutting-edge electric scooters and invested heavily in building a robust charging infrastructure across India. Ather’s fast-charging stations, branded as Ather Grid, form the backbone of its efforts to make electric two-wheelers a viable and convenient option for the Indian public. This blog explores the Ather grid charging station locations, numbers, costs associated with these stations, and how these stations play a crucial role in the country's EV revolution. Ather Energy with its wide spectrum of service plans - Ather Care, Ather Care Plus, and Ather Care Max - is designed to cater to varying customer needs. These plans cover a duration of one year or 10,000 kilometres, whichever comes first, offering extensive maintenance options to ensure a seamless ownership experience. These plans provide varying levels of service, ensuring that customers can select a package tailored to their usage and preferences. This move highlights Ather’s commitment to customer satisfaction, alongside its efforts to build a robust charging infrastructure. Where are Ather Fast Charging Stations Located? Ather Energy has strategically positioned its fast-charging stations across India to ensure convenience for electric scooter users. The Ather Grid network is primarily found in metropolitan cities, tier-2 cities, and key commercial hubs, making it easier for riders to find charging points during daily commutes or longer journeys. The company has placed these stations at malls, cafes, office spaces, tech parks, gyms, and other frequently visited locations to enhance accessibility. The goal is to ensure EV riders never experience range anxiety, a common concern for electric vehicle owners. Strategically placed, these stations offer fast and reliable charging, enabling riders to quickly recharge and get back on the road. Ather Grid stations are equipped with fast chargers that drastically reduce charging time. Using the Ather Grid app, riders can locate nearby stations, get real-time charger availability, and track their sessions remotely. Charging stations are found in cities like Bengaluru, Chennai, Hyderabad, Mumbai, Pune, Delhi, Ahmedabad, and Kolkata, with Ather expanding to smaller cities. If you are not using Ather Grid App then also it’s completely alright, just instead of blindly searching “Ather charging station near me,” explore authenticated charging offered by the company itself <a href="https://www.atherenergy.com/locate-ather-dealer?selectedTab=charging" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">(click here and find the Ather charging station near you</a>). This aligns with Ather's vision of ensuring easy access to charging facilities across India, promoting the shift to electric vehicles. How Many Fast Charging Stations Does Ather Have? As of 2024, Ather Energy boasts an extensive network of fast-charging stations. With Ather Grid, the company has established over 2700+ charging points across India which is 230+ cities, and the number continues to rise as Ather aggressively expands its network. The company plans to further expand in the years to come. This makes Ather one of the leading players in terms of EV charging infrastructure in India’s two-wheeler segment. The company has strategically chosen high-traffic locations for its charging stations, ensuring that customers have access to a reliable charging solution no matter where they are in a major city. Ather's fast chargers are designed to work seamlessly with its range of scooters, offering convenience and speed to customers. Additionally, Ather continues to partner with various establishments such as restaurants, tech parks, and malls to further expand the network, making charging even more accessible to everyday commuters. Charging Costs at Ather Fast Charging Stations One of the key advantages of Ather’s fast-charging infrastructure is its pricing model, designed to be affordable and straightforward. Initially, Ather offered free charging as a promotion for the Ather Grid network. However, as the network expanded and the adoption of electric scooters increased, Ather introduced a paid model in several locations. The charging cost typically depends on the location and type of service. As of 2024, Ather Energy offers a subscription-based model for its users, providing a set number of free charging sessions each month at Ather Grid stations. For those exceeding the free limit or without a subscription, a per-minute pricing system is in place. On average, the cost is approximately ₹15-20 per session, allowing for a top-up of about 15 km of range in 10 minutes, depending on the charge needed. Factors influencing charging costs include battery size and capacity, charging efficiency, local electricity rates, and charging speed. For frequent users, the subscription model is a cost-effective choice, while the pay-as-you-go system offers flexibility for occasional users. As Ather expands its network and more EVs hit the road, the company continuously evaluates its pricing to keep it competitive while maintaining premium charging speeds. Do Ather Fast Chargers Support Other Brand EVs? Taking the developing phase of the Indian EV industry into account, it makes less sense for companies to isolate their charging infrastructure for other electric vehicles. So, yes, you can charge other electric vehicles (EVs) that follow the IS17017 (Part 2 / Sec 7) 2023 connector standard. The standard represents a category of light electric vehicles (LEVs), vehicles i.e. electric two- and three-wheelers, and microcars. Moving a step forward, the company has also unveiled its connector technology which will enable any electric vehicle to explore “fast-charging” solutions across the country, irrespective of the brand of the electric vehicle. Moreover, in an exclusive move, Ather Energy has teamed up with Hero Vida to provide a wide range of charging stations to their users. This relationship translates into the user’s convenience in fast charging their respective electric scooter in any charging station operated by Ather or Vida. This partnership is one of its kind as the Ather Grid option does not provide the fast-charging option to other EVs; it provides just a regular charging point. However, if the user owns a Vida electric scooter, they can fast-charge their electric scooter in Ather grid.&nbsp; How Fast is Ather's Fast Charging? One of the standout features of Ather’s fast-charging network is its speed. Ather scooters are equipped with lithium-ion batteries that support fast charging, and the Ather Grid stations are capable of charging these batteries at 1.5 km of range per minute. This means that in just 10 minutes of charging, a rider can add approximately 15 km to their scooter’s range. This quick top-up feature is particularly beneficial for urban commuters who may need a fast charge during their daily travel or in emergencies. The fast-charging capability ensures that Ather owners can minimize downtime and quickly get back on the road. The fast-charging stations offer the convenience of charging up to 80% of the battery in about 40-50 minutes, depending on the model and the starting charge level. This makes Ather’s fast-charging network one of the most efficient for two-wheelers in India, offering a significant reduction in waiting time compared to home charging. Maintaining a premium image Just like Nilis Bohlin’s invention of the three-point seat belt for Volvo, who launched his product patent-free, embracing safety over profit, Ather Energy can also follow this “high road”. No doubt, the R&amp;D of Ather Energy is dedicated to promoting the charging EV infrastructure of India, the technologies like Grid Network and Connector can truly benefit the entire ecosystem. With the Ather Grid network, the company is addressing one of the key challenges in EV adoption: access to fast, reliable, and widespread charging solutions.&nbsp; As India continues to shift towards electric mobility, Ather Energy’s proactive approach to building a fast-charging network will likely serve as a blueprint for other companies aiming to establish their presence in the EV market.

Discover Ather Energy’s fast-charging network in India: 2700+ stations across 230 cities, affordable costs, and support for other EV brands. Explore Ather Grid’s strategic locations, pricing plans, and the role it plays in India’s EV revolution.

Ather Fast Charging Stations in India: Locations, Costs & Network Expansion 2024

Ather Energy EV

Ather Fast Charging Stations in India: Locations, Numbers, and Cost

From Reels’/ Short’s comment sections to Quora and WhatsApp University, the most recurring argument given against EV adoption is that the price of the battery replacement will ultimately make your EV cost equal to its ICE counterpart. But is it really true? Not surprisingly, all such claims you come across on social media are generally based on a single philosophy i.e. “I HEARD SOMEWHERE”. No doubt, the battery is the heart of an electric vehicle, which asks for replacement after 8-10 years (approx). All over the internet, you will find various articles showing varying costs of battery replacement prices. To be honest, companies do not generally reveal their battery replacement costs for whatever reasons, but you don’t have to worry because <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVINDIA </a>is at your service. From the extensive market study, we have deduced one thing for sure, the replacement cost may vary from company to company despite the battery being of the same capacity. However, it is still possible to get a specific detailed idea about any such future expenses. In this blog, we will give you a detailed analysis of the battery-replacement cost of the major companies in the 2-wheeler electric vehicle segment so that you can make an informed choice.&nbsp; Battery Type &amp; Capacity: Electric Vehicles are majorly equipped with Lithium-ion batteries whose capacities are measured in kWh (Kilowatt hours). In the two-wheeler segments, batteries generally start from 2kWh and go up to 4kWh, according to your increasing budget. As you might have suspected, the battery replacement price is higher for higher-capacity batteries.&nbsp; The main thing to note here is that, unlike the general perception, batteries do not get completely torn off overnight. Actually, batteries consist of multiple cells which in the course of time start to degrade and result in lower range and efficiency. Let me extinguish some of your worries here, these cells are repairable which in turn can extend your overall battery life. Now you might say “So what, we still would have to change our battery after some time” Well yes! But that doesn’t mean it is going to cost you more or equal than ICE vehicles. Let me make my case! Ola Battery Price: The 2-wheeler EV giant <a href="https://evindia.online/ola-electric-buyers-guide" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ola Electric</a> provides a range of electric vehicles, from 2kWh battery capacity to 4kWh. In the 2kWh battery segment, the company provides the Ola S1X model whose battery will cost you somewhere around ₹55,000. On the other hand, the battery of the company’s higher-performance vehicle, the Ola S1X 4kWh variant will cost around Rs ₹80,000 to ₹85,000. Each and every electric scooter of Ola Electric including the company’s flagship product Ola S1 Pro’s battery price also is between ₹87,000 to ₹90,000. Refer to the list below to learn in detail about Ola electric battery prices. <ul><li>Ola S1 Pro battery price: ₹87,000 to ₹90,000</li><li>Ola S1 Air battery price:&nbsp;₹70,000</li><li>Ola S1 X (4kWh) battery price: ₹80,000 to ₹85,000</li><li>Ola S1 X (3kWh) battery price: ₹70,000</li><li>Ola S1 X (2kWh) battery price: ₹55,000</li><li>Ola S1 X+ battery price:&nbsp;Similar to S1 X models, around ₹70,000</li></ul> Bajaj Chetak Battery Price: The legacy of “Humara Bajaj” in the electric version is well celebrated in the Indian EV industry. The company’s offering starts from 2.8kWh battery capacity in its <a href="https://evindia.online/product/bajaj-ev-blue-2901-standard" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Chetak 2901</a> variant and goes up to 3.2kWh in the newly launched <a href="https://evindia.online/product/bajaj-ev-3201-standard" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Chetak 3201</a>. The company provides all of its vehicles in 2 options i.e. Standard and Techpac. Techpac introduces some extra features and riding modes in your vehicle. Although the Chetak battery price does not depend on whatever option you buy, the life of the battery may vary according to the “models” on which you drive your vehicle.&nbsp; For the overall fleet, the Bajaj Chetak battery prices range from ₹60,000 to ₹80,000 depending on the model​ and its battery capacity. Ather Battery Price: The “premium” brand of the electric 2-wheeler segment, <a href="https://evindia.online/electric-vehicle-companies/ather-energy-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather Energy</a> whose market share is consistently growing in the EV industry, when it comes to its success, has something to do with its battery management strategies. The company’s robust service centres along with its 5-year warranty (8 years extended), have been able to create trust in the audience. The company provides 2.9kWh powered electric scooters such as <a href="https://evindia.online/product/ather-energy-450x-pro-ev-3.7-kwh" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather 450X</a> and high-performance scooters such as <a href="https://evindia.online/product/ather-energy-ev-rizta-z---3.7-kwh" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather Rizta</a> that are powered with 3.7 kWh battery. Concerning its cost, the Ather battery prices lie under the spectrum of ₹60,000 to ₹80,000. Moreover, to know Ather battery prices in detail refer to the list below: <ul><li>Ather 450X (2.9 kWh): ₹65,000 to ₹70,000</li><li>Ather 450X (3.7 kWh): ₹80,000</li><li>Ather 450S: ₹60,000</li><li>Ather Rizta: should follow Ather 450X pricing, between ₹65,000 and ₹80,000.</li></ul> Vida Battery Price: The <a href="https://evindia.online/electric-vehicle-companies/vida-world-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Vida electric vehicles</a>, backed by Hero Motors, are one of the top contenders in the EV industry whose products are widely appreciated and loved. So, if you too are planning to buy a Vida electric scooter and have concerns about its battery price, then don’t worry we have your back. The company provides only 2 electric vehicles, <a href="https://evindia.online/product/vida-world-v1-pro-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">V1 Pro</a> and <a href="https://evindia.online/product/vida-world-v1-plus-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">V1 Plus</a>, with 3.9 kWh and 3.4 kWh of battery capacity respectively. Both vehicles come with 2 removable batteries that can be charged at your convenience. The company provides a 5-year warranty on their electric scooter which includes 24x7 roadside assistance, Home Services and many more facilities.&nbsp; In case of replacement, the Hero Vida V1 Pro battery price will be ₹85,000 approximately. Whereas, the company’s other vehicle Hero Vida V1 Plus battery will cost you around ₹75,000. TVS Battery price: Another legacy brand in our EV list is <a href="https://evindia.online/electric-vehicle-companies/tvs-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">TVS Motors</a>. This company is an exception when it comes to battery capacity! What makes it so exceptional is its TVS iQube St electric scooter which comes with a non-conventional, unprecedented, 5.1kWh battery. The brand claims a whooping “real” range of 150km and provides a 3-year or 50,000 km (whichever arrives first) warranty. Well, but wait! There is a slight problem. This vehicle variant has not hit the roads yet! The company has already received orders, but the delivery date is yet to be announced. Therefore, we were not able to find a substantive range of its battery price. The company’s other electric vehicle variant, <a href="https://evindia.online/product/tvs-iqube-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">TVS iQube</a> (3.04 kWh) is also an embodiment of perfection whose battery replacement will cost you around Rs ₹60,000 to ₹70,000. Meanwhile, if you own or are planning to own a TVS Iqube ST electric scooter then battery replacement can cost you around ₹90,000.

Get the latest battery replacement prices for top EV scooters in India. Explore costs for Ola, Ather, Vida, Bajaj Chetak, and TVS, ranging from ₹55,000 to ₹90,000 in 2024.

2024 Battery Prices for Top Electric Scooters in India: Ola, Ather, Vida, Chetak & More

Ola Electric EV

Battery Prices of Top EV Two-Wheelers in India: Ola, Ather, Vida, Chetak, TVS  (2024 Update)

IntroductionAs the electric vehicle (EV) revolution gains momentum, OLA Electric Vehicles is leading the charge with some fantastic flat discount offers. If you're considering making the switch to electric, now is the perfect time to take advantage of these deals. In this post, we’ll break down the ongoing discounts available for various <a href="https://evindia.online/ola-electric-buyers-guide" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">OLA models</a> across different states and cities in India.Overview of OLA Electric VehiclesOLA offers a range of electric scooters designed to cater to diverse needs. From the sporty <a href="https://evindia.online/product/ola-electric-s1-pro-ev-2nd-generation" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">S1 Pro</a> to the budget-friendly <a href="https://evindia.online/product/ola-electric-s1-x+-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">S1 X series</a>, there’s something for everyone. With impressive features such as long-range batteries, smart connectivity, and eco-friendly designs, OLA EVs are paving the way for sustainable commuting.Current Offers and DiscountsHere’s a detailed breakdown of the ongoing flat discounts for various models across states and cities:&nbsp;Tamil Nadu (incl. Puducherry)<ul><li>Chennai:</li><li class="ql-indent-1">S1 Pro: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li>Coimbatore:</li><li class="ql-indent-1">S1 Pro: ₹7,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹7,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹10,000</li><li>Tirupur:</li><li class="ql-indent-1">S1 Pro: ₹7,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹5,000</li><li>Rest of State:</li><li class="ql-indent-1">Discounts range from ₹5,000 to ₹10,000.</li></ul>Uttar Pradesh<ul><li>Lucknow:</li><li class="ql-indent-1">S1 Pro: ₹7,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹5,000</li><li>Agra:</li><li class="ql-indent-1">S1 Pro: ₹10,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹8,000</li><li>Rest of State:</li><li class="ql-indent-1">Offers range from ₹5,000 to ₹10,000.</li></ul>Maharashtra (incl. Goa)<ul><li>Pune:</li><li class="ql-indent-1">S1 Pro: ₹15,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹12,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹8,000</li><li>Mumbai:</li><li class="ql-indent-1">S1 Pro: ₹5,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹8,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹8,000</li><li>Rest of State:</li><li class="ql-indent-1">Discounts available from ₹8,000 to ₹15,000.</li></ul>Karnataka<ul><li>Bengaluru:</li><li class="ql-indent-1">S1 Pro: ₹20,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹10,000</li><li>Rest of State:</li><li class="ql-indent-1">Discounts up to ₹10,000.</li></ul>Gujarat<ul><li>Ahmedabad:</li><li class="ql-indent-1">S1 Pro: ₹10,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹7,000</li><li class="ql-indent-1">S1 Air: ₹7,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹10,000</li></ul>&nbsp;<ul><li>Rest of State:</li><li class="ql-indent-1">Discounts range from ₹3,000 to ₹10,000.</li></ul>Additional States<ul><li>Rajasthan, Madhya Pradesh, Haryana, Kerala, and more: Discounts vary, typically between ₹5,000 and ₹20,000.</li></ul> Additional Offers (Applicable to All Regions)At OLA, they're not just about great flat discounts; they’re committed to enhancing your electric vehicle experience with a range of exciting benefits! Here’s what you can look forward to when you choose OLA Electric Vehicles.Accessory DiscountsWhy not personalize your ride? Enjoy a 20% discount on a fast charger, ensuring your OLA vehicle stays powered up and ready to go. Plus, when you purchase a buddy step, you’ll receive free accessories worth ₹1,500, which include a stylish scooter cover and a practical floor mat. It’s a great way to keep your vehicle looking sharp!Smart BenefitsOLA believes in giving our customers more than just a great vehicle. With OLA, you get lifetime free access to MoveOS+, their advanced operating system that keeps your vehicle up-to-date with the latest features. Plus, their 8-year / 80,000 KM battery warranty ensures peace of mind, letting you focus on the road ahead.And let’s not forget about charging credits! You’ll receive ₹7,000 in credits for the S1 Pro and ₹5,000 for other models—perfect for keeping your charging costs low. As a bonus, enjoy 50% off on Care+, our comprehensive vehicle maintenance plan, available at your discretion.Flexible Financing OptionsOLA recognizes that purchasing a vehicle is a significant investment, which is why they provide an instant 5% discount, up to ₹5,000, when using select bank credit card EMIs. Additionally, eligible buyers can take advantage of a no down payment option, making it more convenient than ever to drive home in your new OLA Electric Vehicle.How to Avail the DiscountsTo make the most of these offers, follow these simple steps:<ol><li>Contact our EVGuru on WhatsApp at 9099900547.</li><li>Select your desired model and check the specific offers available in your area.</li><li>Complete the inquiry process while ensuring to ask about any additional benefits or financing options.</li></ol> Tips for Buying an Electric Vehicle<ul><li>Research thoroughly: Understand the differences between models and choose one that suits your needs.</li><li>Check service infrastructure: Ensure you have access to service stations in your area.</li><li>Take a test drive: Experience the ride and handling of the scooter firsthand.</li></ul>ConclusionNow is the perfect time to consider switching to an OLA Electric Vehicle, especially with these incredible flat discount offers available across various states and cities. Don’t miss out on the opportunity to save while making an eco-friendly choice.

Discover flat discounts on OLA Electric Vehicles this Diwali! Offers up to ₹20,000 off on models like S1 Pro and S1 X. Plus, enjoy accessory discounts, financing options, and more.

Exciting Diwali Offers on OLA Electric Vehicles – Save Big on EVs Across India

Exciting Diwali Dhamaka Offers on OLA Electric Vehicles!

Bhavik

Growth in the <a href="https://evindia.online/electric-vehicles" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV</a> industry in India has been accompanied by a wide information gap between users and companies. Though many companies have come up with a number of offerings, the same was not always crystal clear and easy to understand for the customer eyeing a particular product. This challenge was further exacerbated by the fact that new technology and its applications were completely a new foray for the Indian automobile industry, hence requiring explaining to the audiences. The government subsidies at both the demand and supply end created an initial boom in the EV sector, resulting in a plethora of new EV companies entering the market. The problem had changed from "What's the choice?" to "What to choose?" With new EV companies sprouting without end at home and abroad, the challenge of making sense of the market and the decisions one must make in purchasing a vehicle became increasingly difficult. Consumers were bombarded with so much scattered and confusing information. With this glut of information, selecting the right EV turns into searching for a needle in a haystack.&nbsp; This is where <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVINDIA</a> steps into the picture acting as a bridge between EV companies and prospective customers, empowering consumers in their electric-mobility journey by conducting extensive research and putting in a tireless effort to build the much-needed information bridge. We dive deep into the world of <a href="https://evindia.online/electric-vehicles" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVs</a>, bringing hands-on, in-depth knowledge on every conceivable <a href="https://evindia.online/electric-two-wheelers" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric two-wheeler</a> that exists in today's marketplace. This ensures a thrilling ride while transitioning from Internal Combustion Engines to EVs, and assures well-informed and smooth sailing. EVINDIA does not stop at specifications – we go beyond the technicalities to advice that speaks to individual needs which makes your EV buying journey blemish-free. Covering every fine point like battery life, charging infrastructure, performance metrics, and which ones are more cost-effective can boggle the minds of consumers. EVINDIA breaks down these complex elements into understandable information so that the consumer may make well-informed decisions. EVINDIA, by comparing models side by side, allows any potential buyer to weigh pros against cons; hence, the right EV that will fit a purchaser's particular lifestyle or needs is acquired. Because we know that every customer's needs are different and that we must assist you in finding the best E2W, which will truly complement your day-to-day commutes, budget, and way of life. Industry Insights and Future Trends Apart from reviewing products, EVINDIA offers insight into the industry together with future trends. Being India’s largest EV marketplace, EVINDIA provides a wide array of <a href="https://evindia.online/electric-vehicles" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a> to its audience with their specifications broken down to a child-understanding level.Dynamic developments in the EV space in India impart sufficient reason for consumers and stakeholders in the industry to update themselves with changing times and relevant regulatory provisions. EVINDIA offers timely updates, professional analyses of government policies, state-of-the-art technological innovations, and market dynamics in its News as well as Blog section. This foresight allows consumers to be informed not only about available products at present but also about impending trends in the EV industry. User Experiences and Community Engagement <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdNDLaHlHB3ZykJCnICCejHGZZ_sR7asVfSJziZdKdf7lNfFViKPKYBIs18GPR-yzS2sNIo8Mn7KH0x5SY1n9TvstK9eILaHU2XlVPLViuiqMfYvD7CMlFR3H-bDczsU24f-qiqZ3x5mXq1FjTNxSW-vKNB?key=Ky0D3e3ehZqA-f4-NsKBig" height="401" width="602"> EVINDIA also nurtures community among the EV users and hence is used to share everyday user experiences and encourage community engagement. Testimonials/case studies from current owners give real insights about the benefits and challenges of owning an EV to the prospective buyer. EVINDIA provides users with the ability to share their stories and build a network of support for one another. One such example, of community engagement, is “community drives” conducted by the EVINDIA, where, people from various walks of life come together just to travel. And what’s common between them? THEY ARE ALL EV LOVERS, obviously! By creating such a user-driven community, people will not only be in a position to share knowledge but will also work at a cross-functional level in realizing sustainable transportation. Industry Leader Partnerships and registered supplier <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfb_yl9jUU9iCStGkamLPhO92-iI-BgLk8hL-93_9ODgx3s2OjBOClsBixpuRsxSOs_RKkqE54ujufkR5C1ct6bll0FHKmPdoeJwVij3ZMnXrentDS8uOtVqRE6tSJrGSbD3kXQixvc7GlMbS5k8ibu-5rA?key=Ky0D3e3ehZqA-f4-NsKBig" height="467" width="602"> EVINDIA collaborates with EV industrial leaders to be a certified supplier of revolution-inducing EVs such as Ola Electric. Being a certified supplier helps EVINDIA provide readers with authoritative information and exposure to the latest sector developments. From collecting insights from manufacturers and analysing policymakers,&nbsp; EVINDIA collaborates with every other update of the EV industry to keep its patrons ahead of the EV revolution.&nbsp; Such partnerships would not only enable EVINDIA to provide cutting-edge insights and recommendations to the audience but also further cement its reputation as a trusted resource in the EV landscape. Advocacy of Sustainable Transport Beyond the information provision, EVINDIA is also an active advocate of sustainable transport solutions. Their mission includes the promotion of the environmental and economic gains of adopting EVs.&nbsp; EVINDIA envisions contributing to a greater change in society into sustainable living, having brought out the impact of electric vehicles on carbon emissions and dependency on fossil fuels to light. EVINDIA with its EV community advocates public awareness and participation aimed at the conservation of the environment. These initiatives at once inform and inspire towards a greener future. Conclusion: Join the Revolution of EVs EVINDIA has turned out to be one of the biggest milestones in India's electric vehicle revolution. This is where information gaps, like those mentioned above, are covered by the invaluable resources from EVINDIA. Therefore, customers get the power to make informed decisions and adopt green mobility with open arms. Their detailed reviews, learning materials, and community building set EVINDIA at the forefront of the EV world. While the industry of EVs continues to evolve, EVINDIA does the same for its audience, which will always be at the forefront of this transformative journey. EVINDIA has played a critical role with respect to awareness in terms of bridging this gap and also facilitating mass adoption of electric vehicles to ensure that Indians live in a greener and more sustainable future.

EVINDIA bridges the gap in India's EV market with in-depth reviews, expert insights, and community-driven initiatives, empowering consumers to make informed decisions and promote sustainable transportation. Join the EV revolution with EVINDIA!

EVINDIA: Leading India's Electric Vehicle Revolution with Expert Insights and Community Engagement

The Rise of EVINDIA: Leading the Electric Vehicle Revolution in India

India is all set to play a pivotal role in the rapid transformation of the global electric vehicle (EV) market. The global market for EVs is estimated to be at $255 billion, according to a report just published by Axis Securities and is seen to take off to $2,108 billion by 2033. This would mean that it will have recorded a CAGR of around 23% during the period from 2023 to 2033. It tells us about the rising demand for mobility solutions to meet the need for cleaner alternatives, especially in countries like India, as rapid urbanisation and rising environmental concerns form the basis of their demands. Indian Electric Vehicle Market Growth The Indian electric vehicle market is going to grow dramatically in the coming years. Annual volume will reach as high as 10 million units by 2033 from 1.7 million units during the financial year 2023-24. This growth will be governed by various factors in the form of government policies, new product launches, cost reduction of raw materials to manufacture, and rapid technological developments. The country's EV revolution will not only be limited to 2W and 3W. In the coming decade, the adoption of electric buses, passenger vehicles, and even heavy-duty trucks is expected to pick up pace. Infrastructure improvement coupled with affordable electric vehicle models in the market are the root cause of this projected growth. Government Support The Indian government has played an important role in pushing EV adoption across the nation. Replenishing the exhausted FAME, which stood for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India, the new PM E-Drive Scheme is part of several electric two-wheelers and three-wheeler subsidies totalling ₹10,900 crore, all to be released within the next two years, for a push on selling electric two, three, and four wheelers. The proposal will support the sale of 24.79 lakh two-wheelers, 3.16 lakh three-wheelers, and 14,028 e-buses by 2025. The government's new tax-friendly policy has made EVs affordable. Electric cars are taxed at a mere 5%, while hybrid vehicles pay a 28% tax, and the heavy tax of 49% is borne by the ICE vehicles. So, all these incentives have levelled the playing field for EVs, and consumers will find them increasingly accessible, driving further growth. Infrastructure Development: The Driver of Growth The best part that would lead to widespread EV acceptance is the robust charging infrastructure. Keeping in view this very demand, the Indian government is going to spend ₹2,000 crores in developing public EV charging stations. Of course, these funds would support the installation of 22,100 fast chargers for electric four-wheelers, 1,800 for electric buses and 48,400 for electric two and three-wheelers. This infrastructure development is even more necessary because range anxiety remains one of the most significant concerns of potential EV buyers. For example, to promote electric trucks and ambulances, ₹ 500 crores have been put towards supporting the adoption of electric trucks. Similarly, ₹ 500 crores have been allocated for hybrid and fully electric ambulances. These are not only meeting the high-rising demands for clean commercial and emergency vehicles but also indicate the long-term vision of the government as the sector-wide supports EVs. Rising Semiconductor Industry in India By far, the biggest challenge for the EV industry is indeed the availability of semiconductors. Electric vehicles are essentially run by semiconductors- everything from battery efficiency to vehicle safety systems. India has made its strides here: the country has been working relentlessly to develop its own semiconductor manufacturing capacities. The collaborations with the US, Japan, and Australia provide India a platform to establish itself as a major leader in the semiconductor sector. An example can be cited in the form of awarding the government project of setting up the semiconductor manufacturing plant to 3RrdiTech Inc., the leader in a technology house. This is very important because the government feels that for these few vital elements of electric vehicles demanded increasingly, control over the supply chain must be independently warranted. For this purpose, entry into semiconductor manufacturing can be seen as a forward-looking approach not just for the EV sector but all other dependent sectors on the technology, such as telecom and consumer electronics. If such initiatives work out well, India plans to restrict its reliance on imports and will ensure that the EV sector keeps growing free from interference by outside forces. EV Revolution in India - A Reality, Not a Myth India's electric vehicle revolution is no more a dream, but increasingly real. At a time when the world EV market is projected to touch more than $2 trillion by 2033, India is gaining momentum in becoming one of the leaders in this space. India government policies such as the PM E-Drive Scheme, along with investment in subsidies, lowering taxes and more emphasis on infrastructure development, will see more EVs emerging on the roads in the years to come. This focus on making semiconductors domestically in India will be crucial to keeping the momentum of the Indian EV industry going. Association with global partners and further local supply chain development will reduce the costs of manufacturing even further and help India reach its ambitious targets. The future of India's EV industry is promising. Growth there has been achieved through innovation and policy support. The country continues to embrace sustainable mobility solutions, and thereby the figure for EVs on Indian roads will continue to rise, doing its part for global carbon emissions reduction and fighting climate change. The EV revolution is here, and it's only going to get bigger.

Representative Image (credit- Innovation News Network)

The Indian electric vehicle market is going to grow dramatically in the coming years. Annual volume will reach as high as 10 million units by 2033 from 1.7 million units during the financial year 2023-24.

How Indian future EV industry looks like

How Indian future EV industry looks like: Post PM E-Drive Expectations

The festival season is the ideal time for consumers to splurge since manufacturers dangle varieties of discounts and offers. Continuing this spree, <a href="https://evindia.online/electric-vehicle-companies/ola-electric-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Ola Electric</a>, India's fastest-growing electric vehicle manufacturer, announced their biggest festival sale under the banner of BOSS - Biggest Ola Season Sale. This sale promises big announcements, bigger launches, and the biggest deals, which all lead the way for consumers to embrace the electric revolution by switching over to eco-friendly electric vehicles (EVs). With this initiative, Ola is not just expecting to advance its market position but also enable customers to ride home the "BOSS" of all EVs - the <a href="https://evindia.online/ola-electric-buyers-guide" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Ola S1</a> series. This festive sale is particularly crucial as Ola Electric is entering a phase of high-simmering competition in the electric two-wheeler market and also sales decline. The continuous loss of market share by the company makes the time of this offer crucial for the company. However, this BOSS sale could turn out to be quite strategic enough to revive the interest of consumers and therefore the demand for these electric two-wheelers. Here's what the BOSS sale has in store, and why now is the perfect time to go electric with Ola: Big Announcements and Bigger Deals Ola Electric has lined up some of the most attractive deals the EV market has ever seen under its BOSS sale. The most eye-catching announcement of all is the cut on the much-in-demand <a href="https://evindia.online/product/ola-electric-s1-x-ev-2kwh" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Ola S1X 2kwhr</a> variant which now stands at ₹49,999 (terms and conditions applied). As this offer brings up to ₹25,000 off on the market price, it marks a new benchmark for affordable electric scooters in India. The Ola S1 X boasts impressive styling, intelligent features, and a robust performance. Thus, it is a great option for any first-time EV buyer. There is much more play with the Ola S1 range, given the sign of the biggest discounts across its portfolio beyond the S1 X. Moreover, the earlier pricey Ola S1 Pro is now available with a ₹20,000 discount and goes for ₹1,14,999. S1 Pro is the flagship from Ola and comes with more speed, more range, and more features, and this deal will appeal a lot to performance-centric electric scooter seekers. For the mid-range-seeker, there's also the Ola S1 Air available with a discount of ₹1,00,499. That cuts the original price tag by ₹7,000. This model has a light design and, with a decent on-paper range, is suitable for an urban commute. And yet more benefits for an all-rounded experience Sale does not mean cutting prices alone. Ola Electric has taken it further by offering trade-in benefits of up to ₹25,000 across its S1 range. So, an exchange bonus will reward the existing two-wheeler owners as well as trade in their old vehicle for a discount on a new Ola scooter. Additionally, access features of smart technology are also available in more advanced forms through app connectivity, navigation, and over-the-air updates for maximum user experience. Ola is also offering an extended warranty of 8 years on select models to give further peace of mind to consumers. This approach gives full confidence to the company on the durability and reliability of its electric scooters. If such concerns about charges remain, Ola to its credit has introduced fast-charging credits that could be a game-changer for city riders. With such advantages, the BOSS sale is no longer discounted but a complete package designed to make the switch to electric as convenient and inexpensive as possible.&nbsp; It's also a response to falling sales. It is a crucial time for Ola Electric, which has seen sales drop for months. In September 2024, the company recorded its lowest monthly sales of the year at 23,965 units, marking the second straight month of month-on-month decline. In addition, the market share for the company is as modest as 27% in September, having declined from more than 50% in April, indicating the growing level of competition in the EV space. Several factors have led to this collapse: greater competition from the traditional two-wheeler stalwarts like TVS Motor and Bajaj Auto, who came out with more modern models at competitive prices. The above companies gradually and consistently ate into the market share of Ola, so a major promotional thrust in the form of the BOSS sale was all the more imperative. The company's CEO Bhavish Aggarwal announced the BOSS sale through microblogging platform X, formerly Twitter, as a clear indicator that the company is eager to return to the market. The sale has been touted as an opportunity not only to bring new customers on board but also to reactivate old ones through special referral programs.&nbsp;Referral program and customer reactivation Besides these discounts and benefits, the Referral Program of Ola Electric continues, where it has been very popular among its customers. Any owner can refer friends or family to buy an Ola electric scooter, from which both the referrer and the new buyer will benefit. A referrer receives a reward worth ₹2,000, and a new customer receives a discount worth ₹1,000. Through this process, the brand promotes community engagement around the brand while offering an incentive to existing users through monetary rewards to further the sales of electric scooters from Ola. Time to Make the Switch This will be the perfect time for those interested in switching to electric, and they can ride home in the "BOSS" of all EVs. Whether the eco-conscious commuter or the new, cost-effective ride, something is there in Ola's BOSS for everybody. The BOSS sale represents a perfect combination of festival delight and trust-building measures by the company. No doubt, it marks an important ambition for Ola Electric in its journey to success despite strong competition in the market. Innovative models and attractive prices through a customer-first approach would help Ola Electric achieve a good bounce back during the festival season.

Moreover, the earlier pricey Ola S1 Pro is now available with a ₹20,000 discount and goes for ₹1,14,999. S1 Pro is the flagship from Ola and comes with more speed, more range, and more features

Buy Ola S1 @49,999: Introducing BOSS

Moreover, the earlier pricey Ola S1 Pro is now available with a ₹20,000 discount and goes for ₹1,14,999. S1 Pro is the flagship from Ola and comes with more speed, more range, and more features.

Buy Ola S1 @49,999: Introducing BOSS – The Biggest Ola Season Sale

Oben Electric EV

Rorr EZ 2.6 kWh

Rorr EZ 3.4 kWh

Rorr EZ 4.4 kWh

Hop Electric

OXO-X

OXO Prime

Revolt Motors EV

Revolt RV400 BRZ

Revolt RV1

Revolt Rv1 plus

Matter

AERA 5000

Pure EV

ecoDryft

VIDA World EV

V2 Pro

V2 Plus

V2 Lite

VIDA Z

VLF India

Tennis

Bajaj EV

Blue 3201 TECPAC

Blue 3201 Special Edition

Blue 3202 Standard

Blue 3201 Standard

3201 Standard

V1 PLUS

S1 X (2kWh)

TVS EV

iQube 3.4 kWh

V1 PRO

S1 Pro (2nd Generation)

iQube S 3.4 kWh

S1 Air EV

Joy e-bike

Mihos

S1 X+

Ampere EV

Magnus EX

Following the&nbsp;$1.5 billion joint venture of JSW group with China’s SAIC Motor to engineer and sell&nbsp;Morris Garages' electric vehicles, JSW Group is all set to launch its own brand of EVs, Economic Times reported.&nbsp; 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.”.&nbsp; Jindal said. “We want to manufacture the products in India, value-add in India, and sell in India,” ET reported.&nbsp; 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.

JSW's proposed auto plant in Aurangabad, Maharashtra, will be devoted to this new EV-focused endeavour.

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

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 reported Unlike 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.&nbsp; 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 added Winkelmann 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.&nbsp;

inkelmann 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. 

Lamborghini will not postpone Lanzador EV launch

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.&nbsp;&nbsp; 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.&nbsp; 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.&nbsp; 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.&nbsp; 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.

According to the corporate affairs ministry, companies were found to have violated the FAME 2 phased manufacturing program (PMP) standards in order to receive subsidies of ₹297 crore. 

Govt’s serious fraud unit investigates Hero Electric, Okinawa for violation of FAME-2 

Following heavy sales in the festive season of October, the registration of total electric vehicles in November remains moderate. However, the momentum of sales has continued to remain robust due to traditional manufacturers giving hard competition to market giants like Ola, The Hindu Businessline reported.&nbsp; According to the report, MG Motors, with its new product offering, has replaced&nbsp;Mahindra &amp; Mahindra by acquiring second position in monthly sales. Meanwhile, Tata Motors secured the top rank. 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, citing Vahan data, the report added.&nbsp; Meanwhile, in the two-wheeler segment, electric scooters and bikes achieved sales of 1.19 lakh units, marking a 29% increase from November 2023 but registering a decline from 1.40 lakh units in October. Although sales of electric two-wheelers fell from 41,775 units in October to roughly 29,200 units in November, Ola Electric maintained its leading position in the market. In spite of Bajaj's intense battle, TVS Motor managed to maintain its second-place ranking. Bajaj came in second with 26,163 units (down from 28,360 in October), while TVS sold about 26,980 units (down from 30,074 in October). The sales difference between TVS and Bajaj, two more established competitors, and Ola Electric has been progressively closing. The difference is probably going to close as both TVS and Bajaj bring their electric scooters to additional areas. Hero MotoCorp's sales of electric two-wheelers decreased slightly to 7309 from 7337 units the previous month, while Ather's sales were approximately 12,750 units (16,156 units). The volumes of Greaves were around 4470 units (3900 units). Activity in the electric vehicle market has surged since the introduction of the MG Windsor, a new electric vehicle from JSW MG Motor. Approximately 8,585 electric passenger vehicles (PVs) were registered overall in November, after reaching a record 11,150 in October. Despite having fewer numbers than October, November's monthly total was still the second-highest of this fiscal year.&nbsp;

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.

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

In an effort to boost the electric vehicle (EV) industry in India, the Centre plans to offer increased incentives to automakers manufacturing electric models in their existing units. The update seeks to boost domestic EV manufacturing while attracting domestic and international businesses to increase their investments in the industry. The government's larger goal under the initiative is to promote a sustainable EV ecosystem in India. The ambition of India's continuing EV policy is to attract international manufacturers, like Tesla, to establish their production facilities in India. 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. These initiatives are viewed as a step towards positioning India as a major force in the world market for electric vehicles. Automakers will now be able to manufacture electric vehicles in their current production sites thanks to recent regulation modifications. These businesses must, however, fulfil specific requirements, such as manufacturing electric models on different production lines and making sure local sourcing standards are followed. It is anticipated that these adjustments will draw capital from multinational behemoths like Toyota and Hyundai, increasing India's capacity to produce EVs. Meanwhile, industry participants have been asked by Union Commerce and Industry Minister Shri Piyush Goyal to accelerate the shift to electric mobility. The goal of the government's drive is to assist India in realising its goal of becoming a country that only uses electric vehicles. The future of electric vehicles in India is anticipated to be significantly shaped by these activities as the nation prepares for this transition.

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.

GOI to increase incentives to boost domestic EV manufacturing

Following the expected expiration of the Delhi EV policy on June 30, the cabinet has decided to extend the policy till March 2025, Chief Minister Atishi stated. “Subsidies for electric vehicles sold after January 1, 2024, will be transferred to buyers’ accounts, and road tax exemptions will be provided to EV buyers,” citing Atishi Hindustan Times reported. Hailing the decision, Arvind Kejriwal posted on X “Congratulations to the people of Delhi. The Delhi Electric Vehicle Policy is being restarted.” The state government initiated the Delhi Electric Vehicle Policy in August 2020 to provide subsidies for the purchase of EVs. Atishi said, “The result of this policy was that, in 2019-20, the number of EVs registered in Delhi was less than 4% of total vehicles. After the implementation of this policy, by 2023-24, more than 12% of registered vehicles in Delhi were electric, the highest in the country and double the national average of 6%,” HT reported.&nbsp;

Hailing the decision, Arvind Kejriwal posted on X “Congratulations to the people of Delhi. The Delhi Electric Vehicle Policy is being restarted.”

Delhi cabinet decides to extend EV policy by March 2025

The expanding momentum of the US EV market which recently crossed the milestone of selling more than a million EVs may get disrupted after the Trump administration’s policy changes, CBT news reported. As the EV prices continue to drop while competing with the ICE counterparts, the "America First" policy of Donald Trump will impose high import duties which may invite repercussions.&nbsp; When he assumed office on January 20, President-elect Donald Trump promised to sign an executive order imposing a broad 25% tariff on all goods imported from Canada and Mexico. The update may hamper the import of steel, which originates in nations like Canada and Mexico and is essential for constructing solar farms, wind turbines, and other renewable energy infrastructure, frequently. U.S. businesses may have to pay an extra $1.1 billion to $4.2 billion for steel as a result of tariffs. The plan, which Trump unveiled on Monday on his social media site Truth Social, has the potential to harm the U.S. EV sector and disrupt international trade, a report by InsideEVs stated. 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, which U.S. companies imported from China for $4 billion in 2022.&nbsp; The U.S. is the biggest importer of EVs, with $44 billion in imports last year, thus the market for EVs would also be negatively impacted. Trump's planned tariffs, which would mostly affect cars from Mexico, which exports EVs manufactured by Ford and GM, may raise the price of EVs by $4.4 billion to $8.8 billion, depending on the duty rate.

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.

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

Mahindra and Mahindra have launched India’s first born sport utility electric cars, the BE 6e and XEV 9e. Made from the ground up, the BE 6e will cost ₹18.9 lakh and the XEV 9e is priced at ₹21.9 lakh.&nbsp; The vehicles are reportedly part of the company’s plan to launch 6 electric vehicles under the XEV and BE brands, with the rest of the vehicles scheduled to be launched by 2028.&nbsp; The company will start the delivery in the fourth quarter of this fiscal year. Ahead of the two new EVs' release, the SUV manufacturer is also updating its dealer network in major international cities. The pricing of the vehicles is set to compete against the well-known mid and premium ICE SUVs. To compete with impending EV releases like Hyundai's Creta EV, the strategy aims to draw in budget-conscious consumers while providing a premium feature set. Both the vehicles are engineered on Mahindra’s INGLO platform Powered by lithium iron phosphate battery packs, the BE 6e and XEV 9e have ARAI (Automotive Research Association of India)-certified ranges of up to 682 km and 656 km, respectively. Using a 175kW DC charger, the fast charging option enables the batteries to move from 20% to 80% in 20 minutes. From its ₹16,000 crore EV budget for FY22–FY27, the company is investing ₹4,500 crore, with an emphasis on advanced technologies, product development, and production scaling. Mahindra is aiming to produce 10,000 EVs from the ground up in its Pune factory by March 2025. The BE 6e and XEV 9e's mentioned prices are for their 59kWh battery versions. The blade cells in the battery packs' cell-to-pack design use lithium iron phosphate (LFP) chemistry that is obtained by BYD Auto, a Chinese original equipment manufacturer.

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.

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

Followed by their launch in Nepal in Nov 2023, Ather Energy is now all set to expand into Sri Lanka as its second overseas market. Ather is reported to launch its first experience facility in Sri Lanka in the coming quarter in collaboration with Evolution Auto Pvt. Ltd., a joint venture between Sensei Capital Partners, Atman Group, and Sino Lanka Private Limited. Evolution Auto Pvt Ltd will take charge of Ather Energy’s distribution throughout Sri Lanka. The company will handle all sales and servicing operations in the region. Furthermore, Ather has plans of establishing several fast-charging infrastructures throughout the country which will fasten the transition to electric vehicles while making it easier for consumers who are changing from gasoline or diesel-powered cars. While addressing the press, Ravneet Singh Phokela – Chief Business Officer for Ather Energy said, “We are happy to enter into this new market”. He emphasized that the update is an extension of their overseas market after Nepal where the company had earlier inaugurated as their first stride in the global EV market. He said, “The costs associated with running fuel vehicles are becoming higher levels and demand for electric vehicles (EVs) keep growing in light of their economic advantage and environmental considerations”. Ather inaugurated its first Experience Centre (EC) last year in Nepal and has since expanded to three Experience Centres and seven fast-charging grids around the nation. As of March 31st, 2024, Ather had a retail sales network in India that included 208 Experience Centres and 1973 fast-charging stations under the Ather Grid. Ather's entrance into Sri Lanka is consistent with its strategy of targeting regions where there is a growing desire for electric vehicles due to rising fuel costs and environmental concerns. The company's renowned performance and design are intended to appeal to current consumers who respect high-quality items. Ather Energy's strategic move demonstrates its dedication to expanding its international footprint and supporting sustainable transportation solutions throughout the world.

Ather Energy enters Sri Lanka

To continuously push and promote environmentally friendly transportation throughout the state, the Uttar Pradesh government is planning to build a strong network of electric vehicle (EV) charging stations. The project will be carried out by Uttar Pradesh Renewable and EV Infrastructure Limited (UPREV), a designated corporation focused on accelerating electric vehicle adoption and developing state-wide charging infrastructure. Citing officials, the statesman reported on Sunday that the extensive network of EV charging stations would make it easier for citizens to switch to electric vehicles. This effort not only corresponds with the state's aim of lowering carbon emissions but also promotes a green and energy-efficient future for Uttar Pradesh. According to the report, the state administration has come up with a plan to establish EV charging stations throughout Uttar Pradesh.&nbsp; Moreover, UPREV will establish charging stations in significant cities, along major roads, and in metropolitan areas. The proposal would employ a Public-Private Partnership (PPP) approach, which will stimulate private investment and accelerate infrastructure development. Officials stated that state government land will be made accessible for these charging stations in coordination with other government agencies, allowing EV charging points to be installed at distribution company (discom) offices, substations, and public areas. Additionally, the UP government has reduced power costs expressly for EV charging. According to new rules from the Uttar Pradesh Energy Regulatory Commission (UPERC), public charging stations will now have charges that are even lower than the average energy cost. This decision will make EV charging more inexpensive for vehicle owners, encouraging more individuals to use electric vehicles. The government's focus on offering improved EV charging rates is projected to expand the usage of green energy in transportation and the number of EV users across the state. Furthermore, in collaboration with the national government, UPREV has secured a Rs 2,000 crore subsidy under the Pradhan Mantri E-Drive Yojana to build a network of charging stations. The update seeks to establish Uttar Pradesh as a major hub for electric cars, representing a significant step towards lowering carbon emissions and promoting self-reliance in transportation.

In collaboration with the national government, UPREV has secured a Rs 2,000 crore subsidy under the Pradhan Mantri E-Drive Yojana to build a network of charging stations.

UP to set up robust EV charging stations

UP to set up robust EV charging stations throughout state

Porsche has introduced two new Macan EV models to the Indian market, with prices starting at Rs 1.23 million. The upscale e-SUV made its debut in this market with a single Turbo grade, which has also seen a price increase. In addition to the new entry-level Macan, EV Porsche has introduced a new 4S version, priced at Rs 1.39 crore. The pricing of the Macan EV Turbo is now Rs 1.69 crore instead of Rs 1.65 crore. Porsche's first rear-wheel drive SUV is the entry-level model, which has a single electric motor located in the back. The Macan EV can accelerate from 0 to 100 miles per hour in 5.7 seconds with its motor's 360 horsepower and 563 Nm of torque. Its maximum speed is electronically regulated at 220 mph.&nbsp; Porsche has also introduced an available 20-inch Macan S alloy wheel and a new exterior colour choice called Slate Grey Neo. For the whole range, an optional new off-road design package is also offered, which improves the ground clearance by 10mm and raises the approach angle. A 100kWh battery pack is included with each of the three trim levels. The Macan 4S EV reaches 606 km on a single charge, the entry-level model reaches up to 641 km, while the range-topping Macan Turbo EV gives 591 km. Because it is built on the PPE platform, the e-SUV has an 800V charging design that allows for DC charging of up to 270kW. The Macan EV's battery can be charged from 10 to 80 per cent in 21 minutes with the right fast charger. Luxury electric SUVs like the Mercedes EQE SUV, BMW iX, and Audi Q8 e-tron compete with the Porsche Macan EV. The two new models are now accepting reservations, and delivery is scheduled to start later this year.

The Macan 4S EV reaches 606 km on a single charge, the entry-level model reaches up to 641 km, while the range-topping Macan Turbo EV gives 591 km.

Porsche launches Macan EV RWD

Porsche launches Macan EV RWD in India: All you need to know

The registration of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a> has resumed, according to Delhi Transport Minister Kailash Gahlot, who also highlighted that the current policy's subsidy advantages will remain till a new one is introduced. According to clause 31 of the Delhi Electric Vehicle Policy, which was published on August 7, 2020, the policy "shall stay effective for a period of three years from the day of issue." With the policy's expiration on August 7 of this year, the registration of new automobiles was halted. Gahlot, however, stated in an official message that the draught Cabinet note has been authorised and the procedure for extending the electric car policy has begun. The registration of electric vehicles at RTOs has resumed, Gahlot tweeted on Wednesday. Until the new policy is announced, the present Delhi EV policy's subsidy advantages will remain in effect. We are devoted to serving Delhi's residents under the direction of Chief Minister Arvind Kejriwal. The transport department reported in May that the electric vehicle policy in Delhi had so far met almost 86% of its goals and objectives. A stakeholder consultation was also held in May by the transport department and the Delhi Electric Vehicle Cell as part of the process of revising the "Delhi EV Policy 2.0."

The transport department reported in May that the electric vehicle policy in Delhi had so far met almost 86% of its goals and objectives.

Delhi resumes registration of EV

Delhi resumes registration of electric vehicle: Delhi transport minister

In addition to previously stating that ICE and EV <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">two-wheelers</a> would coexist, Siddhartha Lal, the managing director of Eicher Motors Limited (EML), has now disclosed that the company's bike-making subsidiary, Royal Enfield, will introduce its first electric bike in India in 2025. "The electric motorbike won't be available for sale for almost two years. We are driving our test vehicles. We will need some time, though. Lal said at a press conference with reporters following the release of the company's Q1 results that we don't want to disclose anything that isn't fully developed to the market. "Our plan is to be totally disruptive," he continued. “Therefore, it is not about putting something in and hoping, facing off against rivals, or outperforming them. In terms of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a>, the paradigm we're striving towards is completely different. Creating anything truly amazing takes time.” Earlier this year, it was revealed that the venerable bike manufacturer has started working on electric vehicle (EV) research. To give a more concentrated emphasis on the EV sector, Eicher Motors established a specialised arm for its EV project, the business has already assembled a committed team of over 100 individuals under the direction of CTO Umesh Krishnappa. "We have hired someone who is establishing a team and managing the commercial aspect of the EV business. Although there is a lot of work being done”, Lal cautioned that it will still be a few years away. For this fiscal year, Royal Enfield has set aside more than Rs 1,000 crore in capital expenditures, the majority of which will be used to create goods and sales infrastructure for electric vehicles. Before moving into a new, greenfield plant in Cheyyar, the company is in the midst of setting up a specialised assembly line with a capacity of around 1.5 lakh units annually for its electric vehicles. Regarding the argument that EVs fall under the purview of "Royal Enfield and Eicher Motors," Lal responds, "We do study all alternatives, we look at what others are doing, but we are not trend followers. The primary business must also be considered; is it a sunset business? You further dilute yourself if you put your eggs in something else. There is absolutely no attempt or activity to modify that the EV will remain inside Eicher Motors and be the future growth engine for Eicher Motors and Royal Enfield.” According to Govindarajan, CEO of Royal Enfield, the business is developing a strong team that is focused solely on EV projects because the product strategy is an extremely "elaborate process" that requires knowing "consumers' requirements." "We are putting up some capacity, testing the mules, and registering with the supply partners. But it's only one car; there are other components, such as battery management systems and motor control unit systems, that must be made for electric vehicles. The partners have all been created. Therefore, we are operating at full throttle in terms of execution”, said Govindrajan. Following the release of its June quarter results, which Lal referred to as its "best ever," Eicher Motors' stock price increased by about 1.6 per cent.

To give a more concentrated emphasis on the EV sector, Eicher Motors established a specialised arm for its EV project, the business has already assembled a committed team of over 100 individuals under the direction of CTO Umesh Krishnappa

Royal Enfield's first EV in 2025

Indian EV market seeks entry of Royal Enfield's first EV

The union government has ordered seven <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">two-wheeler EV</a> manufacturers to repay INR 469 Cr in subsidies for violating localization requirements under the Faster Adoption and Manufacturing of <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Electric Vehicles</a> (FAME)-II plan.&nbsp; According to sources cited by The Hindu Businessline, the Centre has ordered significant domestic companies like Hero Electric, Okinawa, Ampere, and Revolt, among others, to repay the subsidies. Citing a government official the report stated, if the money is not refunded, the offending firms will be removed from the programme in the following seven to ten days, and they won't be permitted to take part in the programme again.&nbsp; As per the research, Hero Electric would be required to pay the largest amount—INR 133.48 Cr—while Ampere would be the second-highest—INR 124.91 Cr. Okinawa is responsible for reimbursing subsidies of INR 116.85 Cr.&nbsp; The crackdown follows a Ministry of Heavy Industries (MHI) inquiry that showed the seven EV producers took advantage of "fiscal incentives under the scheme by violating the norms," according to MHI, which is the nodal organisation for the scheme. According to the Scheme's regulations, incentives were permitted to be used to produce EVs using parts produced in India. However, it was discovered during the inquiry that these seven enterprises had utilised imported parts, an MHI official informed the magazine.&nbsp; The Prime Minister's Office (PMO) was encouraged by Hero Electric, Benling Motors, and Ammo Mobility the previous day to pressure the MHI to settle the issue since the fines might force EV OEMs to declare bankruptcy. The FAME-II programme, introduced in 2019 with a total investment of INR 10,000 Cr, sought to increase EV adoption in the nation by providing subsidies for 55,000 <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric four-wheel</a> passenger vehicles, 7,000 electric buses, 10 lakh electric two-wheelers, and 5 lakh <a href="https://evindia.online/vehicles?type=4" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric three-wheelers</a>. The government discovered, however, that several EV two-wheeler producers submitted claims for subsidies without following the laws requiring localization.&nbsp; After then, the government stopped giving several of the players subsidies. Since then, EV industry organisations and individual individuals have written to the government to complain about its actions, claiming they are harming the nation's EV goals. The administration, though, has persisted in its position. After wrongdoings were discovered, the MHI also reduced incentives under the FAME-II plan from 40% to 15% of the ex-factory price of an EV two-wheeler. The demand incentive was also lowered from INR 15,000 per kWh to INR 10,000 per kWh.

According to the Scheme's regulations, incentives were permitted to be used to produce EVs using parts produced in India. However, it was discovered during the inquiry that these seven enterprises had utilised imported parts

Govt plans to recover Rs469 Cr from EV players

Govt plans to recover Rs469 Cr from Okinawa, Hero Electric and other EV players under FAME-II fiasco

Earlier this month, Fisker was supposed to make its debut in India. The US-based <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0);">EV</a> manufacturer has already announced that it would indeed arrive in September. Fisker said that it will initially only sell 100 Ocean electric SUVs. The business said that it will begin doing local manufacturing in the upcoming years. The electric vehicle manufacturer claims that it can begin shipping the Ocean EV to India in the fourth quarter of the year, which begins around the holiday season. The Ocean Extreme Vigyan will be the name of the forthcoming Fisker electric SUV. The pricing of the restricted quantities will be in line with the European market. The price of the electric SUV is 69,950 euros, which, after an approximate conversion and exclusion of taxes, comes to around 65 lahks. The pricing of the electric SUV starts at $37,499 (about 731 lacks) in the US. The Fisker Ocean SUVs that would be sold in India are going to be made in Austria. Later, the California-based EV firm aims to work with Foxconn to produce its smaller five-seater electric vehicle PEAR in India. The <a href="https://evindia.online/product/ola-electric-ola-s1-air-3kwh" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0);">Ola S1 Air</a> electric scooter is now being tested in preparation for its July debut. The longest-range Fisker Ocean Extreme SUV comes with a single-charge range guarantee of 563 km, while Ocean Ultra makes a 547 km range claim. On the other hand, the Tesla Model Y has a 531 km range on a single charge. There are three main variations of the SUV. The high-end versions Extreme and Ultra employ nickel-based battery chemistry, while Ocean Sport is the entry-level model and uses iron-based battery chemistry.&nbsp; The range of Ocean Sport is 402 km per charge. Recent News The high-range Fisker Ocean vehicles come equipped with all-wheel drive as standard. The SUVs have a chic appearance and a variety of distinctive characteristics. The top-tier Ocean Extreme electric SYV has a solar roof that is said to be able to power 3,218 kilometres of driving annually. The big 17.1-inch touchscreen entertainment system of the SUV has a Hollywood Mode that flips it from landscape to portrait mode.&nbsp; A US-based EV manufacturer will launch in India with a Tesla-competing electric SUV that has a 563 km range. Tesla Cybertruck might have a strong debut with a range of over 560 km and eventually add an 800 km trim. learn more Additionally, according to Fisker, its Ocean line of SUVs will be able to charge other electric cars and power the owner's home in an emergency.

The Ocean Extreme Vigyan will be the name of the forthcoming Fisker electric SUV. The pricing of the EV will be 69,950 euros, which, after an approximate conversion and exclusion of taxes, comes to around 65 lahks

US-origin EV manufacturer enters India

US-origin EV manufacturer enters India’s market with an SUV

After experiencing a protracted difficult period due to the COVID-19 aftermath as the world struggled with supply issues, particularly semiconductors, <a href="https://www.bajajauto.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">Bajaj Auto</a> has shown improvement in its operations in the month of March. Rakesh Sharma, Executive Director of Bajaj Auto, claims that the company's revenue peaked in February 2023. He claimed that "we probably hit the bottom in February and started to see recovery in March." Citing Sharma, CNBC-TV18 reported this information as well as the fact that demand for Bajaj Auto's products is increasing, which is positive news for the business. “Demand is increasing again”, he declared. This recovery includes the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">electric vehicle</a> (EV) market as well as conventional gasoline-powered cars. In March 2023, Bajaj Auto's <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">electric car</a> segment experienced strong sales, and the business is upbeat about the future. Sharma claims that the business intends to offer 10,000 electric vehicle units per month at some point in the upcoming three to six months, which is a significant goal in India's expanding <a href="https://evindia.online/companies" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">EV market</a>. "March was a fantastic month for us. Between February and March, there was almost a three-fold increase in the number of retail sales + bookings that we had gotten. As the year goes on, we observe figures at 10,000 or higher.&nbsp; It is challenging to predict with certainty which month this will take place. We were producing 3,000–3,500 pieces, but there will be a ramp-up period before we reach 10,000. Therefore, in the near future, over the course of the next three to six months, there will be that kind of build-up, he said. Nigeria, the biggest export market for Bajaj Auto, has also experienced a remarkable turnaround recently. In March 2023, the business sold 24,000 units in Nigeria, which is a significant sign of the market's recovery."In February, we sold 4,000 units in Nigeria; typically, we ship 50,000 units there throughout the year, but in March, we sold almost 24,000 units. He claimed that a large part of it was because the new administration had made it possible to use outdated banknotes. Moreover, over the past month, Bajaj Auto stock has increased by about 8%.

 Bajaj Auto has shown improvement in its operations in the month of March

In March 2023, Bajaj sells 24000 units of EV in Nigeria

Export of Bajaj Auto revives as EV sales accelerate

The US Treasury Department announced on Wednesday that it would publish guidelines the following week on the sourcing requirements for tax subsidies for batteries used in <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a> under President Joe Biden's climate change legislation. This is the first of a series of eagerly awaited regulations that will establish how widely the credits can be applied. The <a href="https://www.whitehouse.gov/cleanenergy/inflation-reduction-act-guidebook/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Inflation Reduction Act</a>, which was signed into law last year, contains hundreds of billions of dollars worth of incentives. The car, battery, and renewable energy sectors have been waiting for clarification on complicated issues governing eligibility. The Treasury will issue guidance on bonus tax credits for clean energy projects located in communities dependent on fossil fuels, those constructed using domestic equipment, and those paying workers prevailing wages and hiring apprentices after outlining battery sourcing rules, according to officials. Additionally, it will provide instructions on how to offer tax credits and make them refundable so that organizations without a tax liability can utilize them. When the announcements for the future guidelines would be made was not made clear by the Treasury. Many of the regulations are intended to reduce American reliance on China, which controls the global supply networks for goods like solar panels and EV batteries. These sectors are essential to achieving Biden's objectives of decarbonizing the US economy and combating global warming. For instance, the IRA specifies that a $7,500 electric vehicle tax credit is only applicable to North American-built cars that adhere to certain regional standards for battery production and mineral extraction processing. Treasury decided in December to delay issuing proposed guidelines on battery sourcing rules until March. As a result, some <a href="https://evindia.online/vehicles" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVs</a> that do not meet the new requirements will still be eligible for purchase in 2023 for a few months before the battery rules go into effect. That choice, according to Senate Energy Committee Chairman Joe Manchin, "created an opportunity to circumvent strict supply chain requirements." Half of the EV tax credit is contingent on at least 40% of the value of the critical minerals in the battery having been extracted or processed in the United States or a country with a US free-trade agreement or recycled in North America.

US treasury plans to provide bonus tax credits for clean energy 

US treasury plans EV battery sourcing rules to combat climate change.

After being accountable of 25 per cent of world's CO2 emission, US treasury has decided to combat climate change with promoting EVs in the nation

Ather is reported to launch its first experience facility in Sri Lanka in the coming quarter in collaboration with Evolution Auto Pvt. Ltd., a joint venture between Sensei Capital Partners, Atman Group, and Sino Lanka Private Limited.  | EV Marketplace

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Ather Energy enters Sri Lanka’s EV market after Nepal

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