At the event, Zomato unveiled its proprietary EV Portal, a technology meant to improve operational efficiency by allowing faster reaction times and vehicle allocation from EV deployment participants.

EV Bazaar 2024: Zomato aims to achieve 100% deliveries via EV by 2030

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To achieve 100% deliveries through electric vehicles(EV) by 2030, Zomato organised EV Bazaar 2024 on Monday at Talkatora Stadium, New Delhi. The event underlined EV’s advantages which can aid delivery partners in their daily endeavours. The event also guided delivery partners to pick up the right vehicle for them by using the insights from dominant industry stakeholders like EV 2W OEMs, charge point providers, fleet operators, and financing experts such as Kinetic Green, Quantum Energy, Bounce Infinity, TVS, Lectrix, Hero, Ola, Ampere,&nbsp;Alt Mobility, Battfit, Battfit, Zypp, Yulu, Moving Urban Technologies and Kadam Mobility. The event, graced by the presence of Chief Guest Shri Kailash Gahlot, Minister of Transport, Government of the National Capital Territory of Delhi, invited key stakeholders from throughout the EV ecosystem to discuss the latest innovations and trends in the electric two-wheeler EV segment.&nbsp; Moreover, Akshima Ghate, MD, RMI India, and Karthik Ganesan, Director, CEEW, were also the guests of honour. The event by Zomato overlaps with the Delhi government's vision to make Delhi “the EV capital” through various plans like the 2023 Motor Vehicle Aggregator and Delivery Service Provider Scheme and the Delhi EV Policy. At the event, Zomato unveiled its proprietary EV Portal, a technology meant to improve operational efficiency by allowing faster reaction times and vehicle allocation from EV deployment participants. It enables EV deployers to reach out to interested delivery partners and rent out their EVs while properly controlling the EV inventory deployed for use by the delivery partner(s) onboarded with Zomato.&nbsp; The event also included important awards and recognition for the top EV riding delivery partners who received free EVs from Kinetic Green and Quantum. The Zomato team also exhibited EV-focused films to help its delivery network switch to EVs more smoothly. The EV Bazaar also consisted of a series of demonstrating workshops attended by over 1000 Zomato and Blinkit delivery partners. After the keynote address, Abhishek Dwivedi, Business Head- EV, Zomato discussed the commitment taken up by Zomato to accelerate the adoption of EVs into the Zomato and Blinkit delivery fleets to achieve the sustainable mission much before 2030. The day saw presentations on the benefits of EVs, financing alternatives from NBFC and interaction with OEM booths. The event concluded with the delivery partners participating in test drives to study the capabilities of EVs, thus having hands-on experience with them.

EV Bazaar 2024

Prashant

Reliance Industries has won a bid under an incentive scheme to encourage EV battery manufacture, according to an Indian government statement released on Wednesday. Seven businesses sought earlier this year to establish local manufacturing facilities for advanced chemistry cells, or ACCs, as part of the government's production-linked incentive (PLI) plan. According to the statement, Reliance is capable of producing up to 10 gigawatts of ACCs. The oil-to-telecom company outperformed six other contenders, including subsidiaries of battery manufacturer Amara Raja Energy and Mobility and power producer JSW Energy. ACCs are utilised as EV cells, which are important to the growth of electric vehicles in the world's third-biggest car market. The initiative, which has a maximum budget of $434.4 million and aims to enhance local battery manufacture, comes at a time when the government has set ambitious goals for EV adoption. Electric vehicles accounted for only 2% of total automobile sales in India last year, with the government aiming to boost that to 30% by 2030.

The initiative, which has a maximum budget of $434.4 million and aims to enhance local battery manufacture, comes at a time when the government has set ambitious goals for EV adoption.

Reliance bags govt incentives

Reliance bags govt incentives for EV battery manufacturing

Announcing a women’s day special offer, Ola Electric on Friday rolled out a Rs 2000 cashback benefit for its women customers on the purchase of Ola S1X+, S1 Air, and S1 Pro. Considering the registration and purchase process, the offer is reported to end by Sunday. Moreover, along with the women’s day offer, the company has also announced a limited-time discounted price for the same set of vehicles. The relatively new EV in the fleet of Ola, the S1X+ will be available at ₹79,999 against its original price of ₹1,09,999. Meanwhile, the most affordable ride offering of the company- S1 Air whose original value is ₹119999 will be available at a discounted price of ₹99,999. Ola Electric’s flagship product- S1 Pro will also be available for the customers at a discounted price of ₹1,24,999 against its original price of ₹147499.&nbsp; The limited-time offer available for everyone is set to expire by the end of March with the conclusion of the FAME-II subsidy.&nbsp; It is to be noted that the women’s special offer is an additional cashback benefit for women customers over the limited-time discounted prices.<img src="https://lh7-us.googleusercontent.com/wVsRxLylBiYNf8AQiH1BgzQiXCBS8FaMcjzP42GWgtwrVSzg0RaIJgK36CiGtvyAoQ3mWxFWaWmGiJ-HbGnnEMYZrAKWONg-2HnnbutOsqfc5Ybz3Itk7eiTRE_H5oyssPd-sNoA2I1-KRh1-tZzRDg" height="1069" width="602">What else does the offer include? Finance offers- &nbsp;While purchasing their Ola electric scooter customers can enjoy 5% off up to ₹5,000 on Credit Card EMI (Applicable on BOB, IDFC, Yes Bank, Federal Bank and Onecard). Additionally, based on their portfolio, Ola Electric also provides a zero downpayment option making the deal even more financially viable. As per the company’s guidelines, IDFC account holders will be exempted from the processing fees. Extended warranty- Countering the battery health dilemma, Ola Electric previously announced an 8-year battery warranty on their products which stands as the longest warranty available in the Indian EV market.&nbsp; Exchange value- Interested customers can exchange their used petrol scooter with a value of up to ₹40,000. The exchange will require a set of ownership documents ensuring a smooth transition to clean energy.&nbsp; To claim your Ola electric offer visit <a href="https://evindia.online/electric-vehicle-companies/ola-electric-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVINDIA OLA Page</a> and bring your futuristic ride home

Ola Electric offers S1X+ at ₹79,999 (down from ₹1,09,999), S1 Air at ₹99,999 (down from ₹1,19,999) & S1 Pro at ₹1,24,999 (down from ₹1,47,499). 

Ola electric offer

Ola 72hr electric rush from 8-10 march: Buy S1 EV at discounted price before FAME-II ends

The <a href="https://evindia.online/electric-vehicle-companies/tata-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Tata</a> Punch EV is scheduled to be launched on January 17. Although the EV's specifications have not been released officially yet, the leaked specifications of the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">EV</a> have recently come to light.&nbsp; Specifications of Tata Punch EV With the Punch EV, Tata will provide two different battery packs: a 35 kWh long-range battery and a 25 kWh medium-range battery. So let's start by discussing the long-range version. The extended-range battery pack is expected to have a stated range of 421 km. It will include electric motors that can generate 190 Nm of torque and 118 horsepower. Additionally, this version will have a peak speed of 140 kmph.&nbsp; Regarding the medium-range Punch EV, its stated range is 315 km. This version's electric motors will have a maximum torque of 114 Nm and 78 horsepower. The Punch EV's medium-range model can reach a peak speed of 110 kmph. In each of these versions, the Punch EV's charging time and capacity will be 3.3 kW AC, 7.2 kW AC, and 50 kW DC fast charging. To start with, the 3.3 kW AC charger for the extended range type would fully charge a battery from 10 to 100% in around 13.5 hours. The 7.2 kW AC charger, meanwhile, would do the same task in five hours. But in just 56 minutes, the 50kWDC rapid charger will reach 10-80%. The 3.3 kW AC will charge the medium-range Punch EV from 10 to 100% in 9.4 hours, while the 7.2 kW AC charger would take 5 hours. Regarding the 50 kW DC rapid charging, the SUV will reach 10-80% capacity in 56 minutes, in line with the long-range model. Apart from the recently disclosed details regarding battery packs and motors, we already know about the unique characteristics the SUV will have. It will have several high-end features from the existing Tata SUV series, such as an illuminated Tata logo on the steering wheel and a touch panel for the AC settings. In terms of features, the Punch EV will have a 10.25-inch touchscreen system, an electronic parking brake with auto hold, ventilated front seats, cruise control, an air purifier, a rotary drive mode selector, six airbags, ESP, and multi-mode regen. What will be the price? Tata has added a lot of additional features to the Punch EV, so the price will likely increase. Pricing (on-road, Mumbai) is anticipated to begin at Rs 13 lakh and go up to Rs 18 lakh. It has the potential to become the nation's best-selling EV in this price category.&nbsp;

The Punch EV will have a 10.25-inch touchscreen system, an electronic parking brake with auto hold, ventilated front seats, cruise control, an air purifier, a rotary drive mode selector, six airbags, ESP, and multi-mode regen

Upcoming Tata Punch EV specifications 

Upcoming Tata Punch EV specifications leaked?

VinFast, a Vietnamese company that makes <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a>, is moving forward with plans to open its first EV battery manufacturing factory in India, according to Reuters news agency. According to three people with knowledge of the situation, cited in the paper, the electric vehicle (EV) industrial facility is planned to be located in Thoothukudi, in the southern state of Tamil Nadu. The development of batteries intended for electric vehicles is reportedly the main emphasis of this industrial facility. It's important to note that this project differs from VinFast's previous intentions, which called for assembling vehicles using parts that were delivered from Vietnam. VinFast, a vehicle manufacturer that competes with the likes of Tesla and China's BYD, has chosen not to comment on the development and has remained silent about it. The business did, however, issue a statement on Wednesday indicating that it will reveal the full scope of its intentions at "an appropriate time." Citing a source who is a senior official directly involved in the case, Reuters reported "Many VinFast executives paid a visit to Thoothukudi district in Tamil Nadu to check out sites," on Tuesday. According to another story by Reuters, VinFast started hiring in India for positions in sales, law, and back office, looking for those who "dare to think, dare to do, and dare to face difficulties." The extent of the investment and the anticipated date of the Tamil Nadu VinFast factory's opening are still unknown. In October, VinFast announced that it will construct assembly plants in Indonesia and India, each capable of producing up to 50,000 vehicles annually and requiring an initial capital investment of up to $200 million. It also said that manufacturing will start in 2026. In addition, in October, Reuters also reported VinFast CEO Le Thi Thu Thuy’s intention to open Green SM, an EV taxi company mostly owned by VinFast's founder, in India, the third-largest automobile market in the world.

VinFast CEO Le Thi Thu Thuy’s also intents to open Green SM, an EV taxi company mostly owned by VinFast's founder, in India, the third-largest automobile market in the world.

 Vinfast to establish its battery manufacturing unit in India

Vietnam-based EV manufacturer Vinfast to establish its battery manufacturing unit in India

In a funding round headed by Omidyar Network, electric vehicle finance company Revfin has secured $14 million, or around Rs 115 crore. Omidyar Network contributed $5 million of the total, accompanied by contributions from the Asian Development Bank, Companion Capital, and already-investing parties Green Frontiers Capital and LC Nueva. With this fundraising, Revfin has now raised a total of Rs 625 crore in debt and equity. The business noted in a statement that this latest round of funding is Revfin's second sizable investment in the previous 12 months. Omidyar's support came shortly after the investment group left India. It had stated earlier in December that it would meet its obligations for follow-up rounds even though it would cease making new investments and fully exit the market by the end of 2024. The money will be utilised to grow Revfin's business, which finances EVs of all kinds, including two- and three-wheelers. "In addition, the funding will support different parts of the EV ecosystem, which involve charging stations and batteries," added the announcement. "Non-traditional data such as biometrics, psychometrics, and gamification" is how Revfin, which was founded in 2018, delivers finance. It plans to finance 20 lakh electric automobiles in the next five years, and it claims to have sponsored approximately 35,000 electric vehicles to date. Due to a significant decrease in FAME 2 subsidies, the field of EV financing has opened for new NBFC players. In this newly found playground, Revfin will compete against companies like Eversource Capital and other NBFCs in the climate financing sphere.

Revfin will compete against companies like Eversource Capital and other NBFCs in the climate financing sphere.

Revfin receives Rs 115 crore

EV Financing Startup Revfin receives Rs 115 crore of fresh investment

<a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Electric vehicles</a> are far more cost-effective to operate than conventional vehicles, but what may be more intriguing is the fact that India is the third-cheapest place in the world to charge an EV. According to research by Australian data aggregator Compare the Market, Denmark, Italy, and Germany had some of the highest EV charging costs, while Argentina, Malaysia, and India had the lowest rates worldwide. The study examined the cost of charging the most recent Hyundai Kona EV in 50 nations and rated them according to the price of energy used per 100 kilometres of driving. It also computed how much money a person would save on fuel if they switched from an ICE vehicle to an EV India stands third in EV running cost According to the study, the cost of completely charging the Kona EV in India is Rs 231, placing it third overall after Argentina and Malaysia, which cost Rs 113 and Rs 157, respectively. The United Arab Emirates, Vietnam, China, and Turkey were the nations that came after us in offering inexpensive EV charging rates. The most costly nations, on the other hand, were Denmark and Italy, where a full charge for a Hyundai Kona EV costs Rs 1,823. The Netherlands, Germany, Belgium, Lithuania, and Austria (tied for fourth), and these nations were the most costly for EV charging. The study also found that, of all the countries it examined, charging an electric vehicle tended to be more expensive in Asia than in Europe. According to the study, driving an EV in India costs Rs 76 in power expenses per 100 km, compared to Rs 647 in petrol prices for a comparable automobile. Driving an EV instead of a petrol vehicle in India can therefore result in a savings of 88.26% on one's prospective fuel expense. Furthermore, among all the countries considered, the savings % was the second-best result. The study also found that due to the greatest price disparity between electricity and fuel, Norway and Iceland claim the most net savings when comparing battery charging to petrol filling. In both countries, one may save more than Rs 8,318 for every refill or recharge. Italy, on the other hand, was the country where one saves the least per mile relative to the cost of fuel. For every 100 kilometres driven, EVs cost an average of Rs 267 to charge, compared to Rs 763 for a fuel equivalent across all investigated countries. As a result, refilling an identical petrol vehicle costs just around one-third of what it does to charge an EV. The study demonstrates that the operating cost reductions vary greatly depending on the nation and the price differential between gasoline and electricity, with EV drivers saving anywhere between 27.63 per cent and 92.59 per cent of their fuel expenditure every km (compared to an identical petrol vehicle). Research Methodology The most recent Hyundai Kona model was the vehicle utilised to evaluate operating expenses. It was chosen for a comparable foundation of comparison since it is available in both petrol and electric varieties, the latter of which has even been on sale in India in its previous-gen appearance. The petrol version featured a 148hp, 2.0-litre, four-cylinder petrol engine with a 50-litre fuel tank, while the electric version had a 39.2kWh battery with 136hp of power (the same as the India-spec vehicle). Please be aware that operating expenses were estimated based on stated fuel economy and range estimates, and that actual costs and differences may change depending on actual operating circumstances. Additionally, GlobalPetrolPrices.com was used to obtain the most recent publicly accessible data for both measures (September 2022) for the fuel and power price data.

Driving an EV in India costs Rs 76 in power expenses per 100 km, compared to Rs 647 in petrol prices for a comparable automobile. Driving an EV instead of a petrol vehicle in India can therefore result in a savings of 88.26%.

India ranks third in world’s cheapest EV charging

India ranks third in world’s cheapest EV charging: Study

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

The Delhi Government, on 28th July announced that the state plans to set up 1000 charging stations and 103 battery swapping stations in the next few weeks. The first set of charging stations is expected to be inaugurated in the next month.&nbsp; The new battery swapping stations are required heavily in the current situation of electric two-wheelers, it becomes really easy for a rider to commute easily without having to stop to charge their EV every time the range drops down near the single digits. These battery swapping stations will ease the minds of those who have range anxiety when riding their electric two-wheelers. As per the e-vahaan portal, there are a total of 1,32,302 electric vehicles registered in Delhi for which 234 battery swapping stations and 2,356 EV charging stations is very less (1 charging station for nearly 56 EVs), the decision taken by the Delhi government is a step towards electrification of transport in Delhi. The Delhi Government announced, that they will be partnering up with discoms and civic bodies to make a coordinated strategy to ramp up the infrastructure for electric vehicle charging to accommodate more EVs in the state. The decision was taken at the fifth meeting of the government’s Electric Vehicle (EV) charging infrastructure working group. The charging stations and battery swapping stations will be set up by Delhi Transco Limited (DTL). The working group was chaired by the vice-chairperson, of the Dialogue and Development Commission of Delhi (DDC), where Jasmine Shah plays an important role in guiding the strategy for rolling out public and private EV charging stations in the State. Different agencies had given their inputs which were discussed and planned for the same, is set to be launched in the fourth Delhi EV forum on August 10 which will mark the 2-year anniversary of the EV policy in Delhi. There are currently 2,356 EV charging stations and 234 battery swapping stations operational at 1,892 locations in Delhi. Setting up a cost-effective, and efficient network of EV battery swapping stations and charging stations requires a large number of stakeholder departments in full coordination.

The Delhi Government, on 28th July announced that the state plans to set up 1000 charging stations and 103 battery swapping stations in the next few weeks.

Delhi government Announces 1,000 Charging Stations And 100 Battery Swapping Stations 

The Delhi Government announced, that they will be partnering up with discoms and civic bodies to make a coordinated strategy to ramp up the infrastructure for electric vehicle charging to accommodate more EVs in the state.

At the event, Zomato unveiled its proprietary EV Portal, a technology meant to improve operational efficiency by allowing faster reaction times and vehicle allocation from EV deployment participants.  | EV Marketplace

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EV Bazaar 2024: Zomato aims to achieve 100% deliveries via EV by 2030

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