Gujarat has become a top choice for Tesla to locate its production facility, in part due to the state government's regulations as well as the region's accessibility to ports for the company's products to be exported.

Elon Musk’s Tesla is likely to announce its Indian manufacturing unit amid Vibrant Gujarat event

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Next year, Tesla plans to open a manufacturing facility in Gujarat, India. According to media sources, the negotiations for the EV maker's first production plant in India are nearing their end and should be completed shortly. According to Ahmedabad Mirror, the state's Tesla manufacturing facility is expected to be announced at the Vibrant Gujarat Summit, which is scheduled for January 2024. Gujarat has always been regarded as a key place for the commercial world. Currently, the state is home to Maruti Suzuki and other automakers' production facilities. According to the Ahmedabad Mirror report, Sanand, Becharaji, and Dholera are potential locations for the Tesla manufacturing factory. Neither the state government nor the manufacturer of EVs has made any formal announcements on the problem up to this point. Elon Musk's involvement in Gujarat has given government spokesman Rushikesh Patel, the minister of health in Gujarat, cause for optimism. Gujarat Minister Rushikesh Patel compared Gujarat's knowledge and alignment with Tesla's broad ambitions at a Cabinet briefing on Thursday. He further underlined that negotiations to conclude the agreement to create the manufacturing unit in Gujarat between the government and the manufacturer of EVs are ongoing.&nbsp;&nbsp; Media sources claim that Gujarat has become a top choice for Tesla to locate its production facility, in part due to the state government's regulations as well as the region's accessibility to ports for the company's products to be exported. Due to their proximity to Gujarat's Kandla-Mundra port, places like Sanand might see an increase in exports from the EV manufacturer. In 2003, the dynamic Gujarat Global Summit was conceived. "20 years of Vibrant Gujarat as the Summit of Success" will be commemorated during the tenth Vibrant Gujarat Summit. The summit acts as a worldwide platform for information exchange, corporate networking, and strategic alliances for sustainable development and equitable progress.

Tesla is likely to announce its Indian manufacturing unit

Prashant

The Indian government's new electric vehicle policy is unfit for Jaguar Land Rover, Tata Motors Group CFO P Balaji told reporters on Thursday. Balaji claims that the corporation would boost JLR's localisation as its volume increases. “As far as JLR India's ambitions are concerned, I believe the company is expanding rapidly. We have seen a significant increase in orders after we have localised the production of Range Rover and Range Rover Sport. Thus, we would like to continue localising as much as volumes increase. And we will certainly consider that if the policy environment is something we can influence. It is not appropriate for us to implement that particular policy at this time. So, at this moment, we don't plan to take benefits of it,” says Balaji. “In the meantime, we'll keep an eye out for chances for CKD (completely knocked down units) manufacturing to make sure we can benefit from the 15% customs duty without taking on any more duties related to localisation or bank guarantees. We also kept the multi-vendor system in place for the successful ones. Operation is more appealing at this time, considering our size and scope in India," he continues.&nbsp; The government in April unveiled a new electric vehicle (EV) policy, requiring multinational automakers to establish manufacturing facilities in India with a minimum investment of ₹4,150 crore ($500 million) over three years. Further, the policy requires the companies to achieve 50% domestic value addition (DVA) within a maximum period of five years. The policy also mentions that a five-year period of 15% customs duty would be applicable. In the meanwhile, Tata Motors said that its net profit increased from 72.43% to ₹5,692 crore in the first quarter of FY25, compared to ₹3,301 crore in the same period last year. Moreover, the company's quarterly operating revenue increased 13% to ₹1.08 lakh crore compared to Rs 1.02 lakh crore during the same time in the previous year. Regarding JLR, the firm had a 31% year-over-year increase in sales, with 1,371 units sold in Q1. Balaji states that the business expects some production constraints as a result of the UK factory closure and the problems with the supply chain for aluminium. By FY28, the business plans to invest ₹1.9 trillion in its JLR portfolio.&nbsp;

The government in April unveiled a new electric vehicle (EV) policy, requiring multinational automakers to establish manufacturing facilities in India with a minimum investment of ₹4,150 crore ($500 million) over three years. 

New EV policy unfit for Jaguar Land Rover:

New EV policy unfit for Jaguar Land Rover: Tata Motors

Jio, an Indian conglomerate, has partnered with MediaTek, a massive fabless semiconductor company in Taiwan, to provide digital dashboards to the rapidly expanding electric vehicle sector. The collaboration, unveiled on Thursday at a New Delhi industry event, would enable Jio-developed hardware, an Android-based operating system, and MediaTek processors to be used in electric scooters in India and maybe other growing countries. These instrument clusters, which show the driver's information, are powered by MediaTek MT8766 and MT8768 system-on-chips and run the Android-based AvniOS operating system. The partnership may benefit the two companies. By 2030, India, one of the largest two-wheeler marketplaces in the world, wants all two-wheeler sales to be powered by electric vehicles. By selling 4G subscriptions to vehicle owners and providing value-added services like cloud and mapping solutions, Jio hopes to increase its income through the agreement. The telecom may eventually make money from the information gathered from its 4G modules and clusters. Since at least last year, TechCrunch has learnt, that Jio Things, a division of Reliance Industries' Jio Platforms that creates Internet of Things devices for the telecom behemoth, has been developing its two-wheeler clusters. For the past few months, the company's Android-based operating system for EVs has been under development by a devoted team in Bengaluru.

By selling 4G subscriptions to vehicle owners and providing value-added services like cloud and mapping solutions, Jio hopes to increase its income through the agreement. 

Jio join hands with Taiwan’s MediaTek 

Jio join hands with Taiwan’s MediaTek to debut in the 2W EV market

The Indian government stated on Saturday that it anticipates a positive reaction from several automakers to its electric-vehicle (EV) policy, which was unveiled in March in an effort to draw in major international players like Tesla. Rajesh Kumar Singh, secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), stated that the government has utilised tariff adjustments in the strategy without really investing any money to ask firms to commit to establishing a base in India. While addressing the CII's annual business summit, Singh while not mentioning Tesla directly, said that they are expecting responses from many companies on their new policy and not just from any one company. The government's March 15 electric vehicle policy aims to attract major foreign companies like Tesla by lowering tariffs for companies who set up production facilities in the country with a $5,000,000.0 minimum investment. The policy stipulates that an enterprise has three years to establish production plants in India, begin producing e-vehicles for sale, and achieve fifty per cent domestic value addition (DVA) in a maximum of five years. A restricted quantity of automobiles at a reduced customs/import charge of 15% on vehicles costing USD 35,000 and higher will be imported by the firms that establish manufacturing facilities for electric vehicle passenger cars. This approval will be valid for five years from the day the government issues the letter of approval. Currently, the customs charge on automobiles imported as completely built units (CBUs) ranges from 70 to 100 per cent, based on the engine size and cost, insurance and freight (CIF) value of USD 40,000 or more. The goal of the policy is to draw in investment from reputable international EV manufacturers and market India as a location for EV manufacturing. Subject to certain requirements, the firm will be able to import CBUs of e-4W that they manufacture at a discounted customs charge of 15% under the plan. Singh said that they have secured pledges for investments in the Indian tyre industry from two significant international corporations. "Imports of certain goods that were put on a limited import list were requested by two major multinational firms, who came to us with their requests. We told them that although we will allow imports, we would rather see these product lines made in India. After they gave us those guarantees, we allowed such indulgences." Singh said. To promote local production, India has placed particular tyre types on the licencing list and enforced rigorous quality control standards for them. Further citing Singh Zee News reported, "There are other ways to ensure that the kind of goals that we have under the PLI (production linked incentive) scheme for investments can be met even by prudent use of tariff-and non-tariff policies". The secretary discussed India's involvement in the March signing of the four-nation European bloc EFTA (European Free Trade Association) free trade deal, stating that it is the first of its type to include investment pledges. He noted that the authorities are monitoring those plans and assured the audience that there are provisions to reclaim market access in case of obligation failure. India and the European Free Trade Association (EFTA) inked a free trade agreement (FTA) on March 10th, under which New Delhi was promised an investment of USD 100 billion over the course of 15 years by the organisation. In exchange, many items, including chocolates, Swiss watches, and cut and polished diamonds, were allowed lower or no duty rates.

Singh while not mentioning Tesla directly, said that they are expecting responses from many companies on their new policy and not just from any one company.

Expecting response from many EV companies and not just one

Expecting response from many EV companies and not just one: DPIIT Secretary

Prashant Sha

Through its home charging division, <a href="https://www.evindia.online/company/tata-motors" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Tata</a> Power has identified a potential market niche in the <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicle</a> (EV) charging industry. The company's cost-plus pricing approach and service fees are to thank for its success in this market.Within Tata Power's EV charging business, this specific niche has grown to become a pillar of profitability. As published by&nbsp;CNBC-TV18, Tata Power's Managing Director and CEO, Praveer Sinha, said that the company's cost-plus pricing strategy is the reason for the excellent profits in home charge. In this approach, Tata Power charges a fee for both the related services and the EV chargers. This all-encompassing strategy, which addresses both the hardware and services, ensures the business will maintain a profit margin. The home charging market has enormous development potential, according to Sinha, who said "Currently, we have 50,000 home chargers, and we anticipate this quantity to grow substantially in the five years to come." Tata Power's dedication to supplying the rising demand for at-home EV charging solutions is demonstrated by this expansion. “It's crucial to keep in mind, though, that one of the three essential elements of EV charging is home charging,” Sinha stressed that there are three different types of EV charging: fleet charging, home charging, and public charging. Tata Power has found success with its home charging business, but it also actively participates in fleet charging for commercial vehicles and public charging infrastructure to accommodate a variety of EV consumers. The public charge, which is now a very small component, is the only area where returns have not yet materialised, according to Sinha. The EV market in India seems to have a bright future, and Tata Power is establishing itself as a major participant. The expansion of the home charging and other EV charging segments is anticipated to play a crucial role in promoting the adoption of electric vehicles across the nation as the country continues its transition towards sustainable transportation. Tata Power is committed to assisting India's renewable energy revolution, as seen by its emphasis on profitability and its plans to increase its charging infrastructure.

The expansion of the home charging and other EV charging segments is anticipated to play a crucial role in promoting the adoption of electric vehicles across the nation as the country continues its transition towards sustainable transportation.

Tata to grow in the home EV charging 

Tata Power aims to grow in the home EV charging segment

When <a href="https://evindia.online/company/tvs" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">TVS Motors</a> introduces its new electric model in India on Wednesday, the market for <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric scooters</a> will have a new competitor. On social media, the teasers for the new electric scooter have already started to go around, giving some information about the impending vehicle. Four squares piled vertically in the original teaser image led some to believe it was an e-scooter.&nbsp; The teaser displays the speedometer for the new electric scooter. It is easy to see the word "Xonic" at the bottom of the dash. The new EV that will be presented on August 23 may go by this name. The fastest riding mode may be referred to as "Xonic" and there will be other riding modes available.&nbsp; The following teaser displayed the athletic-appearing panels that resembled the Creon-based scooter. Last but not least, the last teaser hinted that the scooter will be loaded with features. The scooter's speedometer reads up to 105 kph, which is faster than 100 kph. The range of the scooter is also hinted at in the teaser. The instrument console shows a range of 63 kilometres at 60% charge. The teaser films claim to upend the current state of electric transportation and shatter milestones. One of the advertisements also highlights capabilities that let you share your live location with friends and family right from the dashboard. Additionally, it offers a daring new form with a tonne of features and thrills. After the 2020 introduction of the TVS iQube Electric, this will be the second electric scooter produced by TVS Motor Company. Since Ola just unveiled its new lineup of scooters and bikes at the Independence Day event at Ola FutureFactory, the electric scooter market has been heating up.

The new EV that will be presented on August 23 may go by the name Xonic. The fastest riding mode may be referred to as "Xonic" and there will be other riding modes available. 

 New TVS Electric Scooter launch

 New TVS Electric Scooter launch: All you need to know

The <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a> version of the CURVV series from <a href="https://evindia.online/product/tata-motors-tigor-ev-xe" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Tata Motors</a> will be on sale first in Q1 FY24, with the ICE model following shortly after. The business wants to get the first-mover advantage in the Coupe SUV market as its main competition, CRETA EV, has no estimated debut date and Elevate EV, the only other verified rival, won't be available until 2026. Although the CURVV EV will cost more than its ICE equivalent, the price premium will be justified by its unique characteristics. Despite these differences, both editions will have the same layout, materials, and level of quality. Due to its substantially cheaper pricing than the EV variant, the ICE CURVV will provide a compelling value proposition. As per the report, the vehicle production is about to start. The EV and ICE variants of CURVV will start to be produced soon. The price differential between the two models should be comparable to that of the Nexon variants, with the Nexon EV Prime beginning at Rs. 16.49 lakh for the entry-level petrol MT and just under Rs. 8 lacks for the Nexon EV Prime (both prices, ex-showroom). This unveiling will undoubtedly generate a lot of buzz in the Indian car industry.

The CURVV EV will cost more than its ICE equivalent, the price premium will be justified by its unique characteristics. Despite these differences, both editions will have the same layout, materials, and level of quality.

Tata releases timeline for CURVV's EV 

Tata Motors releases estimated timeline for CURVV's EV 

The TN Government recently issued a directive stating that Passenger Vehicles (PVS) falling under the category of battery-operated vehicles, including E-rickshaws, E-taxis, and electric motor-powered buses, will be granted permits by the Transport Department without any associated fee in an effort to greatly promote the adoption of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">electric vehicles </a>in Tamil Nadu. The most recent order also applies to passenger vehicles that use methanol or ethanol as fuel. As a consequence, the state will immediately begin the registration procedure for EVs used in passenger transport, increasing total EV adoption. Previously, the permits were not required for PVs that used batteries or were powered by methanol or ethanol. In 2018, the Indian government's Ministry of Road Transport and Highways said that battery-operated PVs, including those powered by methanol or ethanol, were exempt from acquiring permission.On June 16, 2023, Dr TRB Rajaa, the Minister for Industries, was made aware of this specific problem by leaders from the electric vehicle (EV) industry during a roundtable discussion hosted by Guidance Tamil Nadu. The minister went to Chief Minister Thiru MK Stalin, who commanded that the required instructions be issued right once to develop the enabling laws that would permit the use of battery-operated shared passenger vehicles on the roadways. Dr Rajaa commented on the development by saying, “This shows how accommodating this administration is to business demands. We are able to implement policy changes rapidly because of the Honourable CM Thiru MK Stalin's capable leadership, which enables us to address issues as they arise.” P Amudha, Principal Secretary to the Government, Transport Department, issued an order earlier this week on June 28th, 2023, highlighting that the Transport Department must issue a permit to all battery-operated transport vehicles as well as vehicles using methanol or ethanol fuel (except goods vehicles whose Gross Vehicle Weight is below 3000 kgs) without charging a fee. This has been viewed as a significant milestone in the state of Tamil Nadu's embrace of electric vehicles. By putting this legislation into effect, the government would have more ability to hasten Tamil Nadu's adoption of electric vehicles (EVs). The administration wants to encourage the widespread adoption and use of EVs throughout the state, hence it is assisting this modification. "We are also striving to improve the infrastructure for EV charging throughout Tamil Nadu based on feedback from the industry. The demand for EVs in the state will undoubtedly increase dramatically as a result of all these actions,” according to Dr Rajaa.

Passenger Vehicles (PVS) falling under the category of battery-operated vehicles, including E-rickshaws, E-taxis, and electric motor-powered buses, will be granted permits by the Transport Department without any associated fee

The most recent order also applies to passenger vehciles that use methanol or ethanol as fuel

TN government amends policy to ease registration of E-Rickshaw and E-taxis

As the worldwide demand for <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a> grows faster than anticipated by the industry, <a href="https://www.hyundai.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Hyundai Motor</a> Company announced it intends to sell 2 million of them by 2030. To hit the sales goal, the corporation would spend nearly $85 billion over the following ten years. Utilising the current internal combustion engine (ICE) factories, Hyundai would expand production capacity while cutting costs and time by establishing new facilities that will be completely dedicated to EV manufacture. Hyundai Motor Way was the name of the South Korean automaker's new mid- to long-term business strategy and financial plan, which were unveiled on June 20 during the 2023 CEO Investor Day held at the Conrad Hotel in Seoul. There will be 130,000 more units than the previous targets of 1.87 million in 2030 and 840,000 in 2026, respectively. If achieved, Hyundai Motor's EV sales will rise from 8% this year to 34% by 2030, a fourfold increase. According to Hyundai President and CEO Jaehoon Chang, "The value of developing human-focused innovation by further developing technology acquired from the past is the distinct heritage that an organisation with a rich legacy can offer." In order to achieve high energy density and improve battery safety, the business is also focusing on the development of next-generation batteries, including those based on lithium-ion and solid-state batteries, in the mid-to-long-term. The business stated that a wider range of vehicle classes would be able to be built in a "standardised manner" with the second generation of the Electric Global Modular Platform (E-GMP), which primarily targets mid-size Sports Utility Vehicles (SUVs). The Hyundai Motor Group plans to use the E-GMP platform to build 13 cars between 2025 and 2030, including four for Kia Corp. According to the firm, these vehicles will come in a variety of sizes, including compact SUVs, large SUVs, pickup trucks, and high-end luxury sedans. In the U.S. market, where the transition to EVs is proceeding swiftly, Hyundai Motor claimed that it also seeks to improve localization rates by increasing the proportion from the current 0.7 percent to 75 percent. By raising the percentage in Europe from the current 7% to 54%, it will also boost electrification in line with market realities. The firm plans to increase the percentage of EV manufacturing in other locations from the current 2 percent to 16 percent in response to market needs.

The Hyundai Motor Group plans to use the E-GMP platform to build 13 cars between 2025 and 2030

If achieved, Hyundai Motor's EV sales will rise from 8% this year to 34% by 2030

Hyundai looks forward to increase its EV sales by 2 million by 2030  

Gujarat has become a top choice for Tesla to locate its production facility, in part due to the state government's regulations as well as the region's accessibility to ports for the company's products to be exported.  | EV Marketplace

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