The Ather Rizta which has been seen in testing before is going to have a flat apron, much like the test mule. In comparison to the current 450 range, its side panels have very few cuts and wrinkles.

Ather unveils all-new “Ather Rizta”: Family scooter you don’t want to miss

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Official teasers for <a href="https://evindia.online/electric-vehicle-companies/ather-energy" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather Energy</a>'s next family-friendly <a href="https://evindia.online/electric-scooters" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric scooter</a> have been released. The company has planned to launch the vehicle at ACDC 24 - Ather Community Day Celebration 2024, according to the tweet by Tarun Mehta, CEO of Ather. Breaking the news, the CEO stated “With Rizta, we will be taking a big leap in comfort and safety. Our teams have been working on this for a while (this one has been on and off the table since 2019!) now and have pulled off some amazing integrations that are industry-first and will make your ride experience way better.” The Ather Rizta which has been seen in testing before is going to have a flat apron, much like the test mule. In comparison to the current 450 range, its side panels have very few cuts and wrinkles. Inside the front panel, its LED lamp is integrated horizontally. The format of the taillight is also the same. The next Ather Rizta is expected to have a larger floorboard space than the 450X. The Ather Rizta is anticipated to take inspiration from the 450 bloodline for its features, motor, and batteries. For comparison, Ather provides a 2.9kWh battery for the 450S and two different battery options (2.9kWh and 3.7kWh) for the 450X. The maximum speed for both variants is 90 kmph. But the 450S has a range of just 115 km, while the 450X 2.9kWh and 450X 3.7kWh have a range of 111 km and 150 km, respectively. Additionally, the Ather Rizta should receive the 450S's Deep View display. This will assist Ather in controlling the expenses. In addition, the next Ather EV could have a smartphone connection, numerous screen readouts, and riding modes. Ather might charge around Rs. 1.35 lakh (ex-showroom) for the Rizta electric scooter. It will compete with the TVS iQube line.

Ather unveils all-new “Ather Rizta”

Prashant

The Indian Electric Vehicle (EV) industry is predicted to develop at a CAGR of 35-40% by 2027, according to research released on Wednesday. According to research by Niveshaay, which administers the Green Energy smallcase, EV sales in India might reach 3-4 million units by 2025 and 10 million by 2030. Currently, the Indian EV industry is dominated by two and three-wheeler EVs, which account for around 80% of the total automobile market. "The Indian government aspires to increase domestic production and minimise reliance on imports. To boost local manufacturing, it has implemented Production Linked Incentive (PLI) schemes and reduced customs duties on critical minerals," said Arvind Kothari, Niveshaay's smallcase Manager and founder. In addition, the new survey also noted that EVs are likely to account for 10-15% of new vehicle sales in India (including two-wheelers, three-wheelers, and passenger cars), owing to government incentives, rising fuel prices, and growing consumer awareness. The number of electric vehicles sold annually is predicted to reach over 10 million by 2030 with a dramatic rise in electric bus deployment capacities along with that of heavy-duty trucks for commerce as well as single units such as cars. The share of EVs in overall new vehicle sales may account for 30-40%. Underlining an upcoming strong EV infrastructure, the study further predicts that India will have over two million charging stations for public use throughout the nation.&nbsp; The rise in EV adoption, infrastructure, and production can also be linked to increased budget allocations for the EV industry.

The new survey also noted that EVs are likely to account for 10-15% of new vehicle sales in India (including two-wheelers, three-wheelers, and passenger cars), owing to government incentives, rising fuel prices, and growing consumer awareness.

Indian EV market may grow by more than 40% CAGR

Indian EV market may grow by more than 40% CAGR by 2027: Report

Vinfast, a Vietnamese manufacturer of electric vehicles, is planning to accelerate construction at its 400-acre plant site within the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate. Vinfast broke ground on its integrated EV plant at Thoothukudi (formerly Tuticorin) in Tamil Nadu on February 25, 2024. The integrated EV facility of VinFast India in Thoothukudi is the company's second international location (after the US) and its third plant overall, following those in Vietnam and the USA. With a projected annual production capacity of 150,000 electric vehicles, the plant is anticipated to create jobs for as many as 3,500 individuals. The CEO of VinFast and Chairman of Vingroup, Pham Nhat Vuong, has recently presented the company's ambitious growth goals, which include a focus on expanding into Asian markets. Vuong is still optimistic about the future of EVs worldwide. Vinfast, which is renowned for building new facilities quickly, currently projects that its India EV facility will open in the first part of CY2025, six months ahead of schedule. In the meanwhile, within the next several months, work is expected to start on a new facility in Indonesia. VinFast would have gone from inception to manufacturing in just 15 months if the Tamil Nadu factory began to stream by June 2025. This would be quicker than VinFast's main plant in Hai Phong, Vietnam, which took 21 months. VinFast plans to launch two fully imported cars into the Indian EV market before localized manufacture starts: a crossover hatchback (VF 5) and a compact SUV (VF e34). The VF e34 electric crossover underwent its first round of testing in India at the beginning of June this year. The VF e34 faces off against the Tata Curvv EV, Hyundai Creta EV, and Maruti eVX, which are all forthcoming models. The Vietnamese Original Equipment Manufacturer debuted the new VF 3 electric SUV in its native market in May 2024. The VF 3 may be considered for our market even though there is no official word regarding its arrival in India. This is because the model's design was patented there a few months ago. The demand for electric vehicles, SUVs, and two- and three-wheelers in India reached a record high in FY2024, with EV sales rising 42% YoY to 1.67 million units. This country may be the Asian and worldwide growth engine VinFast is searching for. VinFast may benefit from an increase in EV exports due to the plant's location and the rising demand for EVs in India. The Thoothukudi (formerly Tuticorin) Port is next to the VinFast India factory, giving the business quick access to shipping facilities. Moreover, VinFast will benefit from the well-established automotive components sector, which now produces a wide range of EV parts for vehicles across segments, providing the possibility of a high degree of vehicle localization in India. VinFast is undoubtedly putting a lot of effort into its India program. In less than two months, from the signing of the Memorandum of Understanding to the start of plant construction, VinFast has likely accelerated the pace at which an international automaker has expanded its global manufacturing presence in India. VinFast's decision to operate in India, the third-largest car market in the world and one of the fastest-growing economies in the world, is part of a strategic plan to serve both the Indian domestic market and made-in-India EV exports to South Asian, Middle Eastern, and African markets. Furthermore, VinFast's broader objective to fortify its supply chain in preparation for international expansion includes the India project as a critical component, given the strength of the Indian ecosystem for the manufacturing of automotive components. VinFast's primary plant, located on Cat Hai Island, close to Hai Phong, Vietnam, demonstrates the company's rapidity in establishing production facilities. In September 2017, the business began construction of its 828-acre plant. In under 21 months, it completed the construction of a paint shop, press shop, assembly shop, and engine shop, enabling it to build electric buses, two-wheelers, and passenger cars. With up to 90% automation, the Hai Phong plant is planned to produce about 9,50,000 electric vehicles annually by 2026.

With a projected annual production capacity of 150,000 electric vehicles, the plant is anticipated to create jobs for as many as 3,500 individuals.

infast accelerates establishing EV facility

 Vietnam’s OEM Vinfast accelerates establishing EV facility at Tamil Nadu

Prashant Sha

Wardwizard Innovations &amp; Mobility, an electric mobility company, said on Friday that its standalone profit after tax (PAT) for the March 2024 quarter increased by more than two times to INR 4.27 crore. In a statement, the business stated that its standalone PAT for the March quarter of FY23 was INR 1.44 crore. As opposed to INR 50.76 crore in the fourth quarter of the previous fiscal year, the total revenue for the period under review was INR 128.2 crore, the statement stated. Its sales increased by 32.7% to INR 317.57 crore from INR 239.28 crore in FY23, the company reported. "FY24 has been a year of strengthening our position in the market while driving innovations and celebrating new accomplishments," stated Yatin Sanjay Gupte, the company's chairman and managing director. "We want to successfully work towards improving our portfolio, growing our footprint, and fortifying our research and development skills in FY25. We anticipate releasing more electric car models soon, and we're ready for even more innovation and expansion," he continued.

Wardwizard sales increased by 32.7% to INR 317.57 crore from INR 239.28 crore in FY23

Wardwizard Innovations register 2 times growth in profit

Wardwizard Innovations register 2 times growth in profit to INR 4.27 Cr. 

Ola Electric, TVS Motor, Bajaj Auto, Hero MotoCorp, and Ather Energy have successfully obtained manual certifications from the Ministry of Heavy Industries (MHI) to be eligible for subsidies under the Electric Mobility Promotion Scheme (EMPS) 2024, just in time for Navratri and the next high-sale season. While the online gateway for completing the application procedure for EMPS subsidies is not yet available, enterprises are nevertheless receiving a "go ahead" certificate in manual format from the Ministry of Heavy Industries (MHI). "These enterprises applied for certificates during the final week of March, and the MHI began manually issuing the certificates on April 2 in the evening. Although the online site is not yet complete, it is anticipated to be live within the next ten days, at which point these paper forms will also be posted there,” citing a person with direct knowledge of the situation Businessline reported. “Businesses and automobiles produced as of April 3 are relieved since they will qualify for the program's incentives,” the source stated. To get advantages under the EMPS 2024 plan, the source said, Mahindra Last Mile Mobility and Piaggio Vehicles must also have obtained the certifications to market their electric three-wheelers (e3Ws). A maximum ₹10,000 subsidy per electric two-wheeler (e2W) and ₹25,000 for e3W is available under the EMPS 2024. Additionally, the programme grants heavy e3Ws (autos and commercial units) up to ₹50,000. In a March 13 Gazette notice, the government informed the EMPS of a ₹500 crore expenditure, allowing the Faster Adoption and Manufacturing of (Hybrid &amp;) Electric Vehicles in India (FAME) project to continue till July in a different capacity.

While the online gateway for completing the application procedure for EMPS subsidies is not yet available, enterprises are nevertheless receiving a "go ahead" certificate in manual format from the MHI.

 Ola, TVS, and others get EMPS certificates as Navratri approaches

Still time to get EV subsidy? Ola, TVS, and others get EMPS certificates as Navratri approaches

The Chandigarh Renewable Energy and Science and Technology Promotion Society (CREST) has already begun building the <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV </a>charging stations which were earlier rejected by the Chandigarh Municipal Corporation. The proposal was to install the e-chargers in the paid parking spaces. The MC House had requested further information regarding the proposal during its meeting in July. Since then, despite CREST's efforts to install charging stations in specific parking lots, this issue has remained dormant. The administration once more instructed the civic organisation to offer sites at parking lots later in August. The MC House will now discuss the subject during its meeting, which is slated to take place on October 17. According to its proposal, the Municipal Corporation was asked to grant 32 parking spaces at six different locations on the basis of a revenue-sharing plan. “The project is being worked on by CREST. Simply put, official consent must be obtained. Since the plan has been submitted in writing to the MC, as opposed to before when we were just orally asked to provide locations, it will be approved at this month's meeting,” an MC official said. The Administration has made significant efforts to promote the use of electric vehicles, although the city's infrastructure is still insufficient. Despite the rise in charging stations over the past few months, many of them are still inactive. The electric vehicle policy implemented by the UT Administration on September 20 of last year has encountered a number of difficulties. In the second week of this month, it will be examined.

The MC  will now discuss the subject during its meeting, which will take place on October 17. According to its proposal, the MC was asked to grant 32 parking spaces at six different locations.

CREST starts building EV charging stations 

CREST starts building EV charging stations as authorities take time to give approval 

Continental Device India Private Limited (CDIL) became the first Indian business to begin producing Silicon Carbide devices for <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles (EVs</a>) on Thursday, giving India's semiconductor industry a boost. The facility's overall capacity for CDIL will rise to 600 million units yearly with the addition of the new surface-mount semiconductor packaging line. Rajeev Chandrasekhar, Union Minister of State for Electronics and IT, virtually opened the new Surface Mount Semiconductor Packaging Line at the CDIL facility in Mohali, Punjab. According to the business, pilot production of 50 million units has already begun, and its first shipment has been made to clients in both the home and foreign markets. This will aid CDIL in preparing for the imminent increase in solar panels, power management equipment, and electric vehicles. In order to turn Mohali into the nation's end-to-end semiconductor centre, CDIL also inked an MoU with the Semi-Conductor Laboratory (SCL), a research facility there run by the IT Ministry. They will collaborate to create a thorough framework that will make use of SCL's specialist expertise and wafer fabrication resources to build indigenous wafers for CDIL's semiconductor devices utilising CDIL's own manufacturing techniques. Both the federal government and the state governments place a high priority on India's semiconductor mission, and the industry has seen several advancements. "It's encouraging to see CDIL leading the way in discrete semiconductor device packaging. CDIL is capable of packaging, design, and R&amp;D. Additionally, they once possessed a fabrication facility. In the future, I believe CDIL would also think about establishing a discrete fab in the nation with financial assistance from the "Semicon India" plan. Silicon Carbide (SiC) products have been identified and are the focus of CDIL. Specifically in high-power charging applications and battery management systems, SiC is an emerging technology that enables significantly better efficiency and power-handling capabilities. To gain expertise and aid in the transition to EVs, CDIL invested R&amp;D resources in discrete SiC technology. At the Mohali factory, CDIL has also set up an advanced testing and reliability laboratory. "We have invested time and money to perfect SiC devices, despite the fact that they are challenging to fabricate at scale. Large multinational clients in export markets have overwhelmingly praised CDIL for its ability to innovate on the brittleness and complexity surrounding the manufacture of SiC devices, according to Prithvideep Singh, General Manager of CDIL.

To gain expertise and aid in the transition to EVs, CDIL invested R&D resources in discrete Silicon Carbide technology.

CDIL unravels its new packaging units 

To gain expertise and aid in the transition to EVs, CDIL invested R&D resources in discrete Silicon Carbide  technology.

CDIL unravels its new packaging units for EV semiconductors in India

After purchasing $1 billion worth of components last year, electric vehicle (EV) manufacturer Tesla aims to purchase components worth $1.7 billion to $1.9 billion this year from local vendors. "Last year, Tesla already spent $1 billion on purchasing components from every one of you settled here. I have the list of suppliers for Tesla." Speaking at the 63rd annual meeting of the Automobile Component Manufacturers Association of India, Union Commerce Minister Piyush Goyal stated that this year's aim for the organisation was close to $ 1.7 billion or $ 1.9 billion. The remarks come as Tesla has been developing plans to set up a manufacturing site for <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EVs in India</a>. Goyal and senior business officials met last month to examine ideas for establishing a factory that would build inexpensive electric vehicles (EVs) that cost around $24,000.&nbsp; The government intends to develop a new strategy to entice EV global companies and stimulate investment in the automotive industry, which was another key takeaway from his address. Goyal added that before formulating the policy, the Centre would consult with the appropriate parties.&nbsp;(<a href="https://evindia.online/news/india-is-all-set-to-legislate-new-policies-for-increasing-investment-in-evs" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">read more</a>) Goyal stated, "We will start benefiting from the economies of scale of new technologies when we attain large-scale production. This information was made public about a month after it was reported that Indian officials were drafting an EV policy that may provide import tax refunds to EV manufacturers that move some of their manufacturing to India. Goyal responded to the claim made by international automakers that they bring investments to India by adding that these investments come to the nation due to the size of its market. He continued by saying that attracting investments does not obligate businesses to keep importing high-quality, competitively priced items that are already accessible domestically. Goyal also drew attention to the practice used by certain businesses, which is to route their investments via one country and import parts and inputs from other nations that are "not very" favourable to India. He said that because of the free trade agreement, the nation may reconsider components imported at no charge.&nbsp; Overall, Tesla's attempt to nearly triple the amount of components it would import from India this year is indicative of its ongoing India efforts. The carmaker reportedly leased a 5,850-square-foot office facility in Pune last month, according to reports. The union government and Tesla are now in negotiations, and Tesla is hoping to take advantage of the lucrative production-linked incentives (PLIs) to diversify its manufacturing away from China and create a facility there.&nbsp;

 Tesla's attempt to nearly triple the amount of components it would import from India this year is indicative of its ongoing India efforts. The carmaker reportedly leased a 5,850-square-foot office facility in Pune last month.

Tesla to purchase $1.7 Bn-$1.9 Bn worth of EV components from India

Tesla to purchase $1.7 Bn-$1.9 Bn worth of EV components from India: Piyush Goyal

Royal Enfield is in the process to launch its first electric bike by 2025, as the company has recorded significant success in the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV industry</a> up till now. The Chennai-based manufacturers are anticipating high volume for this year, too, the Chief executive of the company, B Govindarajan, stated. We are moving forward with our EV journey and have several concepts that are already far along in the testing process. We have taken a very different strategy to our journey into electromobility, and it has taken us some time to fully grasp the market and trends, he told ET. According to Govindarajan, the motorcycle division of Eicher Motors is actively developing its EV technology and trying to produce a "differentiated motorcycle" with a broad market appeal. According to reports, the first electric bicycle built on its L-platform, code-named L1C, is anticipated in 2025 with an initial volume estimate of 5,000 units annually. With a market share of more than 93 percent in the middle-weight motorcycle category, Royal Enfield is the first traditional motorcycle manufacturer to publicly announce its EV intentions.

Royal Enfield is in the process to launch its first electric bike by 2025

Royal Enfield plans to launch its 1st E-bike.

Shubham

The Ather Rizta which has been seen in testing before is going to have a flat apron, much like the test mule. In comparison to the current 450 range, its side panels have very few cuts and wrinkles.  | EV Marketplace

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