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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 3.4 kWh

Rorr EZ 2.6 kWh

Rorr EZ 4.4 kWh

Hop Electric

OXO Prime

OXO-X

Revolt Motors EV

Revolt RV400 BRZ

Revolt RV1

Revolt Rv1 plus

Matter

AERA 5000

Pure EV

ecoDryft

VIDA World EV

V2 Plus

V2 Lite

V2 Pro

VIDA Z

VLF India

Tennis

Bajaj EV

Blue 3201 Special Edition

3201 Standard

Blue 3201 TECPAC

Blue 3201 Standard

Blue 3202 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

Local provider of automotive systems and parts, <a href="https://modernautomotives.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">Modern Automotives Ltd</a> revealed on Wednesday that it had been given the go-ahead to deliver differential pinion shafts to the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">EV </a>versions of German luxury vehicle maker BMW AG Munich, making it the first Indian company to do so. The company announced in a statement that it has been given the order to provide 2.5 million differential pinion shafts by 2034, valued at roughly Rs 150 crore. A permanent gear reduction between the engine and the turning road wheels is provided by the pinion shaft.Modern Automotives claims that this component demands exacting steel chemistry, micron controls during machining, and effectively established internal grinding procedures."For an automotive brand like BMW... developing pinion shaft matching its precise quality standard is a feather in our company's cap and a milestone for the Make in India campaign," said Aditya Goyal, Managing Director of Modern Automotives. This demonstrates the nation's position in the international auto component market.Established in 2005, Modern Automotives offers components and systems to OEMs of two-wheelers and automobiles, including Honda, Yamaha, Hero, Musashi, and TVS.In cooperation with HEF France, Modern Automotives says that its unique proprietary coating method enhances the physical and metallurgical qualities of materials. The business added that this extends the components' and parts' lives by three to four times above those of parts made normally. With a BMW export order like this, the business hopes to raise its current 5 per cent export order book to 25% by 2025. The business operates its own forge shop in Punjab's Fatehgarh Sahib.

BMW is soon to get Indian made car parts

Bentley has teased its audience with glimpses of its first electric vehicle, going to be launched in 2026. The British brand has announced that its first all-electric car will be an SUV.&nbsp; Bentley describes its first EV as the 'world's first real Luxury Urban SUV. The new EV SUV will mark the beginning of Bentley's new PEV or BEV era, with the manufacturer launching one vehicle per year for the next decade. Bentley intends to transition entirely to electric vehicles by 2035. Although Bentley has not yet revealed any technical specifications, Dr Frank-Steffen Walliser, Chairman and CEO of Bentley Motors has stated, "Four years almost to the day that Bentley first outlined its Beyond100 strategy, we adapt to today's economic, market, and legislative environment to initiate a major transformative phase for tomorrow. Beyond100+ becomes our guiding light as we expand our aspirations beyond 2030 while remaining committed to a low-carbon future, including delivering solely completely electric vehicles by 2035 and reaffirming our credentials as the British producer of remarkable automobiles for over a century and beyond," the Financial Express reported.&nbsp; Bentley intends to continue the manufacturing of plug-in hybrid electric vehicles until 2035. Bentley's Continental GT coupe, convertible, and Flying Spur will be equipped solely with the revolutionary plug-in V8 hybrid powerplant.&nbsp; At Bentley's UK headquarters in Crewe, the hand-built 12-cylinder engine was phased out in July of this year. The Bentayga, Continental GT, and Flying Spur were the last models to have the W12 engine. Since the engine's debut in the Continental GT in 2003, over 100,000 W12s have been built.

Bentley intends to continue the manufacturing of plug-in hybrid electric vehicles until 2035. Bentley's Continental GT coupe, convertible, and Flying Spur will be equipped solely with the revolutionary plug-in V8 hybrid powerplant. 

Bentley to add EV in its vehicle portfolio

Bentley to add EV in its vehicle portfolio, plans to launch e-SUV in 2026

Revfin, an EV finance giant, has acquired 15,000 vehicles working on the SUN Mobility platform.&nbsp;The ₹100 crore acquisition comes as a significant step for Revfin’s mission to increase&nbsp; EV adoption and expand its fleet operation throughout the nation. The statement, jointly made by Sameer Aggarwal, Founder &amp; CEO of Revfin, and Anant Badjatya, CEO of SUN Mobility, underlines the two firms' combined efforts to accelerate India's transition to electric transportation. This update would dramatically expand Revfin's operations in India, notably in the fleet sector. Revfin intends to improve its position in the EV fleet market by merging SUN Mobility's vehicle portfolio, with a particular emphasis on last-mile mobility and two-wheeler EVs. In addition to these vehicles, its portfolio will allow the business to double its two-wheeler fleet, solidifying its market leadership. From key partnerships with major fleet operators like Shadowfax, Log9, Evera, and Shoffr, Revfin has already become a major player in the Indian EV market. In the last six months alone, the company has financed a total of 65,000 vehicles with loans amounting to ₹900 crores. The acquisition will further trigger the rapid growth path that Revfin is on, putting greater focus on making access to EVs easier for more people. The update will position Revfin to extend its footprint in the rapidly developing Indian EV sector. With the demand for electric mobility going up, such collaborations will prove very crucial in helping India transition toward a greener, cleaner transportation system.

The ₹100 crore acquisition comes as a significant step for Revfin’s mission to increase  EV adoption and expand its fleet operation throughout the nation.

Revfin acquires 15,000 vehicles

Revfin acquires 15,000 vehicles on SUN Mobility’s platform

Zero Motorcycles, an electric vehicle partner of Hero Motocorp, is developing a new electric motorbike which seems to be a mini bike designed for urban markets, according to a report by Bikewale. According to the report, the leaked patent photos indicate that the bike's overall dimensions seem similar to the Honda Grom, a tiny motorbike recognised for its size and urban placement. The update seems indicative of the American EV manufacturer’s intention to enter into the low-cost electric vehicles segment.&nbsp; The patents indicate that the corporation intends to add detachable batteries to the vehicle. The motorbike will be one of its first kind, as currently, all Zero e-bikes have fixed batteries,For urban bikes, replaceable batteries make sense since the user can charge them in several locations if the riding range runs out. There are no specifics about the bike's specifications or features yet. However, as the launch date approaches, the company is expected to release additional details.&nbsp; Based on the vehicle's size, the report, taking precedent of the Honda Navi as a failure in the market, assumes that the Hero’s new electric motorbike is unlikely to be imported into India.

The leaked patent photos indicate that the bike's overall dimensions seem similar to the Honda Grom, a tiny motorbike recognised for its size and urban placement. 

Zero designing a mini electric bike

Zero, Hero Motocorp's EV partner designing a mini electric bike

Following the upcoming conclusion of the Electric Mobility Promotion Scheme 2024 (EMPS) on July 31, Ola Electric on Thursday announced an additional ₹ 5000 off on Ola S1 Pro and Ola S1 Air.&nbsp; After the additional price reduction, the total discount including subsidy will amount to ₹ 15000 making the ex-showroom price of Ola S1 pro ₹128,999 and S1 Air ₹101,499. The pan India Offer will remain active from 18th to 22nd July in states like Rajasthan, Delhi, Maharashtra, Madhya Pradesh, and Gujarat among others.&nbsp; The customers can also enjoy ₹10,000 off on S1 X+ through the EMPS which is scheduled to end on July 31. Meanwhile, customers will be able to buy S1 X+ at an ex-showroom price of ₹84,999 until the subsidy ends.&nbsp; It is to be noted that customers can only enjoy the holistic benefit of the ongoing offer if they purchase their new Ola Electric scooter before July 22nd and register on or before July 31st which further may get delivered later. The recent update will not change the company’s ongoing finance offer of 5% off on credit card EMI or cashback up to ₹5k (whichever is lower). The finance offer is only applicable on the credit cards of IDFC, Federal Bank, OneCard, and Yes Bank.&nbsp;

The customers can also enjoy ₹10,000 off on S1 X+ through the EMPS which is scheduled to end on July 31. Meanwhile, customers will be able to buy S1 X+ at an ex-showroom price of ₹84,999 until the subsidy ends. 

Rs15000 off on S1 Pro and S1 Air:

Rs15000 off on S1 Pro and S1 Air: Ola Electric rolls out offer amidst EMPS ending

After reducing the prices of the Nexon EV, Tata Motors has announced heavy pocket-friendly adjustments on the company’s next electric genius- the Tiago EV. The New RatesThe <a href="https://evindia.online/product/tata-motors-ev-tiago-xe-19.2-kwh" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Tata Tiago EV's XE</a> medium range model has the largest price reduction of Rs. 70,000, with revisions of Rs. 35,000 and Rs. 30,000 for the medium range and long range, respectively. All other variations' pricing has been lowered by Rs. 20,000. <img src="https://lh7-us.googleusercontent.com/gBTzC3eS1Im2ZpseC7Zy2rCvsvp2p2gnbVH-zuQmkNabuB-pJkpiCiP873-F43lr-VwN32qIXMhKwWZf8L92zuEcnEk_5ZNa_sITtnLGfDB6FQB2eqhWEqMZ8c8KzXOEpIuRtIfzCnid4lEodlHs2tM" height="451" width="602"> In contrast, there has been a price reduction of up to Rs. 1.20 lakh for the Tata Nexon EV. The automaker kept the Punch EV and Tigor EV's pricing unchanged, passing along the savings from lower battery costs to customers. <a href="https://evindia.online/news/tata-reduces-nexon-ev-price-by-rs-120-lakhs" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">(Read more)</a>

There has been a price reduction of up to Rs. 1.20 lakh for the Tata Nexon EV. The automaker kept the Punch EV and Tigor EV's pricing unchanged, passing along the savings from lower battery costs to customers.

Tata reduces Rs 70,000 on Tiago EV

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

<a href="https://evindia.online/electric-vehicle-companies/tata-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Tata Motors</a> has announced a strategic relationship with its signature brand, Jaguar Land Rover, to share the latter's born-electric Electrified Modular Architecture (EMA), as part of the company's acceleration of its transition to electric vehicles. Tata Motors Group CFO, P B Balaji, stated that the company's next premium EV, the Avinya, will adopt this EMA design. A Memorandum of Understanding (MoU) has been signed by Tata Passenger Electric Mobility Ltd, the company's <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicle</a> subsidiary, and Jaguar Land Rover to licence JLR's Electrified Modular Architecture (EMA) platform in exchange for a royalty fee. This royalty fee will cover the development of Tata's upcoming born-electric vehicles as well as the electrical architecture, electric drive unit, battery pack, and manufacturing know-how. Balaji clarified that this is a component of Tata Motors' plan to ultimately switch to Gen 3 goods or skateboard electric vehicles. "As you may recall, we previously discussed our aspirations to have three types of architecture: Gen 1 being converted, Gen 2 being adaptable ICE and BEV architecture, and Gen 3 being pure EV architecture. We discovered that JLR architecture matches well for Avinya, which was always intended to be a luxury vehicle when searching for a platform for pure EVs," continued Balaji. He went on to explain, “Avinya is more than simply an automobile; it's an architecture that will probably eventually give rise to a line of electric cars. When the Avinya idea was originally unveiled in 2022, Tata Motors intended to take it worldwide. It will consequently be substantially more expensive than any of Tata's current models, possibly placing it similarly to its JLR equivalent.” "It will shorten the time it takes for us to develop new products, propel Tata Motors into the forefront of electrical and electronic architecture, and position the company for the rise of autonomous cars. Balaji continued, "It's a major win-win plan for JLR and Tata Motors.” JLR’s EMA architecture&nbsp; In 2021, JLR initially revealed the born-electric EMA architecture, eventually giving rise to the next-generation Discovery Sport, Evoque, and Velar models. The Velar is scheduled to make its debut by late 2024 and will be the first of them to arrive. The EMA platform from Jaguar Land Rover will be built from the ground up to support substantial cloud connection and cutting-edge driver assistance technologies. According to JLR, it will be able to communicate with other vehicles as well as infrastructure, such as traffic control networks. The EMA platform's flat floor allows for the most internal room since it is "engineered around the battery." Additionally, it will support batteries with various chemistries. It is also said that the platform supports Feature Over The Air (FOTA), Level 2+ autonomy, and Software Over The Air (SOTA). A fully integrated propulsion system including cell-to-pack battery technology, battery management, and a charging system will be included in the EMA platform. Additionally, the platform will be qualified for rapid charging technologies for high-performance automobiles and a 5-star safety certificate. The first batch of cars built on the EMA platform will be manufactured at JLR's Halewood factory in the UK when they start production in late 2024. Ford originally opened the facility, which is currently being converted to produce battery-electric cars. But to keep prices reasonable while maintaining a premium posture, Tata Motors will localise the EMA architecture for the Avinya series of cars, which is scheduled to launch in 2025, here in India. Therefore, Tata Motors and JLR have unveiled their second significant collaborative project. The Jaguar Land Rover Freelander D8 platform is the foundation for the SUVs Harrier and Safari. However, the relationship between Tata Motors and JLR has advanced significantly with the agreement on the EMA for a comprehensive car development programme.

The EMA platform from Jaguar Land Rover will be built from the ground up to support substantial cloud connection and cutting-edge driver assistance technologies.

 Avinya EV will equip JLR’s EV platform

The EMA platform from Jaguar Land Rover will be built from the ground up to support substantial cloud connection and cutting-edge driver assistance technologies. 

Upcoming Avinya EV will equip JLR’s EV platform: Tata motors

Elon Musk-led electric company Tesla's much-awaited India plan suddenly seems to be building up pace after stalling for a time. The discussions are reportedly being spearheaded by India's Ministry of Trade and Industry. The objective of the government is to offer a "good deal" while maintaining parity. The goals Tesla has for India are consistent with the "Make in India" programme of the government. The company plans to produce 500,000 cars yearly in India, with a starting price of roughly Rs. 20 lakhs, according to sources. If Tesla can achieve its production goals, it would have a significant positive impact on the Indian automotive industry. The company's investment would result in the creation of thousands of jobs across the country. In addition to building automobiles in India, Tesla intends to invest in the country's charging infrastructure. The company reportedly intends to build a network of Superchargers around the country. A Tesla presence in India would be a huge step forward for the electric vehicle industry there. The establishment of the company will hasten the adoption of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVs</a> in India. In addition to using China as an export base, the company reportedly aims to leverage India to reach consumers in the Indo-Pacific region. According to sources, Tesla has supplied us with a bold plan that involves both local manufacturing and exports, so "we are optimistic that the outcome is going to be positive this time around." The company's plans to invest in India have recently changed as a result of Musk's conversation with PM Modi during the latter's recent visit to the US on official business. Musk, who had previously described himself as a "fan of Mr Modi," admitted that the PM had been urging him to grow his stake in India after their meeting. It is obvious that Mr Modi cares about India since he is pressing us to make significant investments there, which is something we want to do. Only the ideal time is being sought. "I am confident that Tesla will launch in India and will do it as soon as humanly possible," said Musk on June 21.

The company plans to produce 500,000 cars yearly in India, with a starting price of roughly Rs. 20 lakhs, according to sources. If Tesla can achieve its production goals, it would have a significant positive impact on the Indian automotive industry

Tela is all set to enter India

Tela is all set to enter India: EV may cost around Rs20 Lakhs

In order to install EV charging stations in public parking lots around the city, Tata Power, one of the industry's top companies, teamed up with the Ayodhya Development Authority. The Memorandum of Understanding (MoU) was signed in the presence of Virendra Goyal, Head- Business Development (EV Charging), Tata Power, Vishal Singh, VC, Ayodhya Development Authority, and Gaurav Dayal, Divisional Commissioner of Ayodhya. Under the agreement, Tata Power offers to install EV charging points at several important points accessible to the public, including Guptar Ghat, Parking Survya Kund, Kaushesh Kunj MLCP parking near the Ayodhya railway station, Amaniganj multi-level parking (MLCP) in front of the Jalkal Department, collectorate Office parking in Ayodhya and the Tedhi Bazar MLCP parking on the east and west sides of Ayodhya. These locations have been carefully chosen to provide EV drivers with easy and easily accessible charging alternatives, ensuring a seamless charging experience across the city.&nbsp; The government of Uttar Pradesh has made substantial efforts to encourage the use of electric vehicles (EVs) in the state. The government provides a 3-year tax and registration fee exemption in order to encourage the purchase of EVs. Additionally, EVs made in the state are exempt from taxes for five years, which helps the local EV industry expand and the state's economy. These policies seek to increase the availability and affordability of EVs in the state of Uttar Pradesh. According to Virendra Goyal, "Our strategy includes a thorough focus on infrastructure development, technical innovation, and strategic partnerships. We are totally dedicated to creating a smooth and easily accessible charging ecosystem for electric vehicle users in Ayodhya through our relationship with the Ayodhya Development Authority. We are committed to supporting the city's sustainable mobility goals and advancing the transition to a cleaner and more environmentally friendly future for the city and the country by utilising our significant knowledge and skills in modern technology. Tata Power has currently set up 110 public and semi-public charging stations all throughout Uttar Pradesh. The business claims to have more than 40,000 home chargers, 4,000 public and semi-public charging stations, 250 bus-charging points, and a market share of around 60% in India's EV charging market.

Tata Power offers to install EV charging points at Guptar Ghat, Parking Survya Kund, Kaushesh Kunj MLCP parking, Amaniganj multi-level parking (MLCP) , collectorate Office parking in Ayodhya and the Tedhi Bazar MLCP parking 

UP government has made substantial efforts to encourage the use of EVs in the state

Tata Power signs MOU with Ayodhya Development Authority to set up EV charging facilities 

Indian Company Modern Automotives Ltd is all set to deliver car parts to BMW  | EV Marketplace

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BMW’s EV powertrain, first time equips Indian-manufactured car parts

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