Plug-in hybrid electric cars and strong hybrid electric vehicles are eligible for a 100% registration fee waiver from the state.

EV businesses welcome UP govt’s step to ease road tax for hybrid vehicles

Home

News

To encourage the use of environmentally friendly vehicles in the state, the Uttar Pradesh government announced on Tuesday that registration taxes on strong hybrid automobiles will be completely waived. This move was welcomed by electric vehicle (EV) companies. Plug-in hybrid electric cars and strong hybrid electric vehicles are eligible for a 100% registration fee waiver from the state. The action is expected to help manufacturers of hybrid vehicles, including Maruti, Toyota, and Honda. Co-Founder and CTO of Statiq Raghav Arora told IANS that it's an important move in the direction of encouraging environmentally efficient vehicles. He said, "As an EV charging firm, we support this effort since it increases accessibility to environmentally friendly automobiles." According to Arora, "People will be encouraged to switch to electric vehicles by this proactive government effort, which is in line with India's larger goals of reducing carbon emissions and advancing the adoption of green technology." The current EV policy has been amended, thus the registration fee easing is only going to last until October 2025. Ankit Sharma, Co-Founder &amp; Director of Vidyuta Materials, states that his company supports this attempt to increase the cost of sustainable transportation because it is a business that specialises in creating Cathode Active Materials (CAM) for lithium-ion batteries in electric vehicles. In addition, Sharma stated, "These steps encourage a wider uptake of electric vehicles, supporting India's efforts to reduce carbon emissions and embrace environmentally sustainable technologies."

UP govt’s eases road tax for hybrid vehicles

Prashant

The Uttar Pradesh government has extended its policy on electric vehicle manufacturing and mobility till 2027, according to CNBC TV. From the latest update, the government has added an extra three years to the availability of the subsidies and incentives mentioned in the programme. The goal of the policy, which was introduced in October 2022, is to encourage the use of sustainable transportation options and create an atmosphere that will encourage the state to embrace EVs. The expansion follows Uttar Pradesh's decision to waive road tax and registration costs for all hybrid cars, further increasing consumer savings. The Uttar Pradesh government would provide EV customers with up to ₹1 lakh for fully electric automobiles and ₹5,000 for two-wheelers under the initiative. Additionally, the programme provides ₹20 lakh for private electric buses and ₹12,000 for each electric three-wheeler. The New Electric Vehicle Manufacturing and Mobility Policy, 2022, reduces the upfront cost of EVs making them more affordable for individual buyers. Meanwhile, on the supply side, the EV manufacturers will also get benefits as the UP government is planning to bring more investment and technology into production in the state. Moreover, the state government is also providing incentives for service providers, which benefits EV producers. Under the initiative, a subsidy of ₹5,000 is announced for electric two-wheelers and ₹1 lakh is the incentive is declared for four-wheelers. Moreover, for private electric buses and e-three-wheelers, the initiative offers a subsidy of ₹20 lakh and ₹12,000 per vehicle, respective

 On the demand side, the New Electric Vehicle Manufacturing and Mobility Policy, 2022, reduces the upfront cost of EVs meanwhile, on the supply side, the GOV is planning to bring more investment and technology into the state.

UP to extend EV subsidy scheme for 3 more years

Tata Motors recently revealed that it is bringing back the Freelander nameplate, albeit in an electric car style, during its investor day conference. JLR and the Chinese firm Chery Automobile Co. will produce electric cars under the Freelander brand. The Joint Venture has been in business for over ten years. By this new endeavour, JLR will be able to utilise Chery's Chinese production capabilities and grow into the largest electric car market globally. "Reborn as CJLR, Freelander will provide a selection of mainstream electric cars that will be sold in China through a specific network at first, but eventually will be exported worldwide." the company said. "JLR is making this significant strategic decision today to bolster our ongoing business activities in China and to show our unwavering dedication to the nation.” CEO of JLR stated. "We think that CJLR has a very exciting future ahead of it, given the attraction of the Freelander brand and our combined efforts to build new forms of collaboration for the largest and fastest-growing electric car market in the world." he further added. First offered for sale in China, the Freelander sub-brand may eventually be exported to other countries. The Freelander nameplate was first used between 1997 and 2015. The Range Rover and Range Rover Sport models will be locally assembled in India by JLR, resulting in price reductions ranging from ₹ 29 lakh to ₹ 56 lakh. Additionally, Range Rover is developing an all-electric vehicle that will be showcased this year and go on sale in 2025. First, it will be made in the United Kingdom.

The Range Rover and Range Rover Sport models will be locally assembled in India by JLR, resulting in price reductions ranging from ₹ 29 lakh to ₹ 56 lakh.

Land Rover to brain back The Freelander brand with an EV makeover

The Range Rover and Range Rover Sport models will be locally assembled in India by JLR, resulting in price reductions ranging from ₹ 29 lakh to ₹ 56 lakh. 

Tata Motor’s Land Rover announces to brain back The Freelander brand with an EV makeover

Prashant Sha

International institutional investors have contributed $2 million to ProsParity, a fintech platform that distributes loans in the electric mobility industry. BEENEXT, All In Capital, Sparrow Capital, Huddle Ventures and DeVC, are some names among these investors. A venture capital fund called BEENEXT is run by serial entrepreneurs. The end-to-end financing platform for electric mobility, ProsParity, was established by Saurabh Khodke and Anirudh Dhakar. To facilitate financing for its end consumers, it focuses on compliance, scalability, and agility for lenders while making it easier for OEMs and EV dealers to enter into financing partnerships. The firm wants to combine the financing demand into one platform so lenders can direct their resources into the developing EV financing asset class. It does this by using its unique platform and origination strategy. This round included participation from angel investors such as Abhishek Goyal (co-founder of Tracxn), Nitin Kaushal (co-founder of Country Delight), Dhyanesh Shah (co-founder of Mosaic Wellness), Raj Dugar (ex-Eight Roads Ventures), and Ashish Gupta (co-founder of Junglee and Helion Ventures). It is anticipated that the money received would go towards developing technology and proof of concept as well as growing origination networks, with a focus on Central India. In order to support EV financing in the mass market, ProsParity is also establishing a broad network of partnerships with Original Equipment Manufacturers (OEMs), Fleet Operators, Dealerships, and Lenders. The company hopes to reach an Asset Under Management (AUM) of INR 100 crore in the next two years by catering to both new-to-credit customers and the larger market. According to NITI Aayog, India's yearly loan market for electric vehicles is expected to reach INR 3.7 lakh billion by 2030. Although there is a significant possibility in EV financing, lenders are hesitant to lend in the segment because of their lack of knowledge about the underlying assets, and the usual origination method utilised in the case of ICEs may be less cost-effective. Electric vehicle finance is a new asset class as of right now. The electric vehicle (EV) industry in India has the potential to develop rapidly, and this shift will require accessible finance options. According to Saurabh Khodke, CEO and co-founder of ProsParity, "the current landscape is catered by very few large NBFCs and private banks, primarily serving a limited customer base."&nbsp; "ProsParity's technology platform and omni channel footprint together with our experienced team and lender network, will contribute to developing and expanding the nascent EV financing landscape in India," he stated. "ProsParity is tackling a significant impediment to the country's EV adoption acceleration and India's objective of having 30% of all vehicle sales be electric by 2030. The long-term goal of the founding team is to level the playing field between EVs and ICE cars by democratising dealer and consumer access to financing,” according to Anirudh Garg, Partner at BEENEXT. ProsParity's founding team, with over 50 years of combined expertise in building platforms, retail, and liability franchises, has developed a unique, tech-led origination strategy that enables them to reach customers across sales channels, credit profiles, and regions. In addition to ensuring scalable distribution, ProsParity's B2B collaborations with ecosystem actors build a long-term moat of "asset risk models" for underwriting asset risks. Additionally, the business customises its solutions to effectively match client profiles with asset end-use, quality, and utility.

To facilitate financing for its end consumers, ProsParity founded by Saurabh Khodke and Anirudh Dhakar focuses on compliance, scalability, and agility for lenders while making it easier for OEMs and EV dealers to enter into financing partnerships.

ProsParity receives investment of $2Mn

ProsParity receives international investment of $2Mn in pre-seed reound

Tata Motors is moving its emphasis in the electric vehicle (EV) sector from early adopters to wider market growth tactics, citing the group CFO PB Balaji, Moneycontrol reported. The plan is to concentrate on removing obstacles that electric vehicle purchasers must overcome, such as the total cost of ownership and the availability of charging infrastructure. The business is hopeful about reaching this milestone in the current fiscal year, even though it missed its goal of selling one lakh passenger electric vehicles in FY24. Balaji said that Tata Motors is leaving its options open with regard to production decisions for its subsidiary Jaguar Land Rover (JLR) and incentives under India's new EV policy. Balaji underlined Tata Motors' dedication to EV development during a conference call for results, including intentions to introduce the Curvv EV as part of their approach. While the number of early adopters is decreasing, he pointed out that a new generation of consumers needs assurances about things like total cost of ownership, model diversity, and charging infrastructure.

Balaji underlined Tata Motors' dedication to EV development during a conference call for results, including intentions to introduce the Curvv EV as part of their approach

Tata Motors all set to develop Indian EV market

Tata Motors all set to develop Indian EV market, plans to overcome impediments

After making its premiere in India at the Auto Expo 2023, <a href="https://evindia.online/electric-vehicle-companies/byd-india-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">BYD</a> has now officially announced that its <a href="https://evindia.online/electric-cars" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">all-electric car</a>- BYD Seal will go on sale in India on March 5, 2024. The BYD e6 MPV and the BYD Atto 3 SUV are the company's previous two offerings in India; the upcoming Seal will be its third. Let's examine the products that BYD Seal plans to sell in India. The Style Statement The BYD Seal has a simple, aerodynamic design with a few amusing design elements mixed in. It has a U-shaped headlight cluster up front with LED DRLs at the bottom and linked all-LED taillights with a dot matrix LED pattern at the back. It also has aerodynamic elements on the front and back bumpers, which give it a slightly sporty look.<img src="https://lh7-us.googleusercontent.com/a2w6aW1zfOVrzLfEAikWtB_Fe7g-dQpjGeQsH74xALnawJRwIDyfaRHYV5iXlBs75uy5j0dEu_2vaYWmcqxSG28ETw1uYZkoc28P9qEeJa16RDTtf4Wiy3zidRLvqRaLzKs7JAju0AvXCp7QzjBPIms" height="339" width="602"> The BYD Seal seems to be a fastback from the side thanks to its gently sloping roofline that combines into a short rear end. Its 19-inch dual-tone alloy wheels support its 0.219 air drag coefficient. Cell to Body technology&nbsp; The BYD Seal makes use of CTB (Cell-To-Body) technology, which enhances the handling and driving characteristics of the sedan by directly integrating the battery pack into the vehicle's structure. The Atto 3 electric SUV is constructed on the same e-Platform 3.0 upon which it is based. Speaking of the interior, the BYD Seal has sporty seats and a dual-tone dashboard style. Its massive 15.6-inch rotating touchscreen infotainment system, which is even larger than the ones included with the Atto 3 and e6 MPV, is the primary feature inside. Further, the EV features a 12-speaker Dynaudio sound system. <img src="https://lh7-us.googleusercontent.com/4DDjfkOQZmfoul3cIFALtQsGxaWddACtca4EY_dz6QhIiyn3tqxsAunp75CUc6L8ZcAyxIJqlacKSDSRaEVi47-vvdjPceTQuZ0-oLE4T_vBN_of23wshxlMoI0B2YxNW3Vd6rmtUWYSsGJZbLl-pMs" height="451" width="602"> A 10.25-inch digital driver's display, a panoramic sunroof, an 8-way electrically adjustable driver's seat with memory function, a 6-way electrically adjustable co-driver seat, ventilated and heated front seats and dual-zone air conditioning are among the other high-end equipment available on the global-spec Seal.&nbsp; The vehicle-to-load (V2L) function, which utilises the car's stored energy to power your external gadgets, is another feature included with the Seal. Specifications The global-spec Two powertrain choices are available for the BYD Seal, which employs an 82.5 kWh battery pack. These alternatives are shown in the table below. <img src="https://lh7-us.googleusercontent.com/J-qXCQs7MuQOL9Ob4DSutyPRD93nXCwSItBOpo_2-QsVQuvaCr8EKy0QK_shnSfUe_b5CAiC_GutVXra_jYGvtbj023puAneHYj48LJC5S5ItkZ-obiq8_v6X2-wALBJlmC1rU08kg2QFJcTTVpMJ8I" height="181" width="602"> Both versions have a maximum speed limit of 180 kmph. The table below lists the many charging options that the BYD Seal is compatible with. <img src="https://lh7-us.googleusercontent.com/vsCT2TKK6xfXJ7zCCnPQMpkySm2zBeBIznXBEsKgoYxX1ab6zKWYLfFyeRiGzr9_cBJG70XcbDHPUKNRnjN3Z_3K4iIMOZB29vcfod4owCI7ZTcVVFDlbiDppayJ0PAKDmBJVTKPgKAVjxdBQPyk0O8" height="164" width="602"> The 82.5 kWh battery pack in both versions is the same, hence the charging time is the same. After undergoing crash testing in 2023, the BYD Seal received a complete 5-star safety certification for both adult and kid passenger protection from Euro NCAP. The comprehensive crash test report for the electric car may be found by clicking on this link. In addition to a tyre pressure monitoring system (TPMS), a 360-degree camera, seven airbags, and a comprehensive suite of advanced driver assistance systems (ADAS) with features like automated emergency braking, adaptive cruise control, and lane change and departure aid are all part of its safety package. Cost &amp; CompetitorsIn India, the BYD Seal is expected to cost around Rs 60 lakh (ex-showroom). Being more affordable than the BMW i4, it will be considered a rival to the Hyundai Ioniq 5 and Kia EV6.&nbsp;

In India, the BYD Seal is expected to cost around Rs 60 lakh (ex-showroom). Being more affordable than the BMW i4, it will be considered a rival to the Hyundai Ioniq 5 and Kia EV6. 

BYD confirms launch of BYD SEAL

BYD confirms launch of its all-new e-sedan- BYD SEAL

Kinetic Energy has shown signs of launching the electric counterpart of the Luna Moepad very soon. The business has claimed to be working on “something extraordinary”&nbsp;and “something iconic” which will be unveiled in the upcoming months, according to the company’s official announcement. It is anticipated that the E-Luna will come under the Non-RTO categories of EV that will not require a license. The feature that is expected to be the most unique in the upcoming vehicle is its Non-lithium ion, lead-acid battery which will be available at the most affordable rate possible. The company’s traditional approach to delivering its services to the last man standing has raised the hopes of the customers. In the first quarter of the ongoing year, the electric Luna will be available for purchase, citing Sulajja Firodia Motwani, the founder of Kinetic Green, the Financial Express reported last month. The update came as the CEO was speaking on the sidelines of the introduction of their newest electric two-wheeler, Zen. Kinetic Green's CEO and founder, Motwani, said, "It is coming in the first quarter." It already possesses all required official licences, including state and FAME approvals, and we are already conducting pilots in various locations. We are thrilled at the positive feedback we have received. Our goal is to recreate the enjoyment of owning Lun. That's not all, though. Over the next five years, Kinetic has mapped out a product launch offensive. Given the high development trajectory in the markets where Kinetic Green is present—electric two- and three-wheelers, the fastest-growing sectors of the electric vehicle space—Motwani states, "We expect the next five years to be quite disruptive in terms of growth." It is anticipated to increase from 6% penetration to 30–40% penetration and have a total CAGR growth rate of 70–75%. The creator of Kinetic Green disclosed that they are "working on a high-performance scooter which will come in a slightly larger wheel-base, a high-performance capacity vehicle more suited for big city riding with speed between 80-90 kilometres/hour" to take advantage of the potential presented by this. "Thus, it is our primary emphasis at the moment, and we are also developing our L5 passenger carrier," he further stated. Selling "1 million electric vehicles in FY30 would yield approximately Rs 10,000 crores worth of topline and would mean about 90–100% CAGR per year, which we have been doing in reality," according to Kinetic Green's aim. Rapid incremental increase will occur, with two-wheelers accounting for around 60% of that growth, three-wheelers for about 30% to 35%, and golf carts for about 10%. Reiterating that they are "focusing on e-Luna and scooters, we're not looking at motorcycles," she was forceful.

It is anticipated that E-Luna will come under the Non-RTO categories of EV that will not require a license. The feature that is expected to be the most unique in the upcoming vehicle is its non-lithium ion, lead-acid battery

E-Luna-most affordable EV?

Reaching the last mile to the last man standing: E-Luna-most affordable EV?

The introduction of the new Mini Cooper electric hatchback, together with the new Mini Countryman, signals the beginning of a significant redesign and lineup extension for the British manufacturer as it strives to become an <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV-only</a> brand. The new three-door electric hatchback is built on a custom EV chassis, in contrast to the previous Mini Electric, which was just an ICE to EV conversion. This was created by Spotlight Automotive, a joint venture between Great Wall Motor and BMW, the parent company of Mini. Exterior Elegance&nbsp; Mini's new Characteristic Simplicity design language, which creative leader Oliver Heilmer described as concentrating "on the essentials of the brand," is on display in the new Cooper Electric. The Cooper Electric builds on Mini's recognisable design cues with circular headlamps that lack bezels and a new, larger-than-before octagonal front grille with blanked-out surfaces.&nbsp; <img src="https://lh4.googleusercontent.com/dyydiVBLf6r7KjnIxl0S0bPBQtNs2mpdoOmqMpOsXsRlGoLnF4kcq7nAUYJ8ABMpEmUgZJSrulRBx41AVALxUomEDS4bPizj8sgvdhCDMYH7aTx8wepmrvJVN50CZdtmhh9ZENQM0F0AWX3Of6tPHO4" height="399" width="602"> The door handles now lie flush, the wheel-arch mouldings have been taken off, and the exterior is chrome-free. For a Mini-malistic design, as the company likes to refer to it, even the distinctive false air vent on the front fenders has been skipped.&nbsp;The tail lights at the back have undergone a thorough revamp and now feature a new triangle form with customizable internals. The blacked-out pillars give the roof a floating appearance, and in terms of measurements, the wheelbase has expanded to make room for the battery, but the total length has decreased. Interior design and features A spherical instrument cluster sits atop a bar of toggles in the minimalist cabin, which is reminiscent of the 1959 BMC Mini. The 9.4-inch OLED infotainment display on the curving dashboard, which is said to be the first circular one installed in a production <a href="https://evindia.online/car" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">car</a>, is covered in knitted material. The earlier Cooper featured a circular information display casing as well, but it had a regular landscape screen. The software is the most recent Android-based operating system created by Samsung and Mini.&nbsp; The instrument cluster has been completely eliminated to keep with the minimalist style, but instead, you get a reflective screen for the head-up display in front of the steering wheel, which is also brand-new and much more streamlined than before. Additionally, the cabin has several textured surfaces that give it a unique flair.&nbsp; Range and Power Two versions of the Cooper Electric will be offered. A basic Cooper E with an 184hp, 290Nm front-mounted engine and a 40.7kWh battery offers a stated range of 305km, which is a significant improvement over the previous Electric.&nbsp; A 54.2kWh battery gives the Cooper SE's higher-spec model 218hp and 330Nm of power, which is good for a 0-100kph speed of 6.7 seconds and a stated range of 402km. Only 95kW may be used to charge them at their quickest, with 10 to 80 per cent charging in less than 30 minutes. Both variations will have different Mini Experience modes, including a new Go-Kart Mode, which will bring its own displays and engine characteristics. New digital driving noises are also included to go along with the different driving modes. Notably, the new Cooper EV will coexist with a new Cooper hatchback powered by a petrol engine that will be manufactured in Oxford, but otherwise be outwardly identical and be based on the present ICE Mini chassis.

A 54.2kWh battery gives the Cooper SE's higher-spec model 218hp and 330Nm of power, which is good for a 0-100kph speed of 6.7 seconds and a stated range of 402km.

New Mini Cooper EV 

Launch of new Mini Cooper EV in India in Q1 2024

A wholly-owned subsidiary will be established by sustainable energy solutions supplier Servotech Power Systems in response to the increasing demand for batteries for <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a> (EVs). It will primarily be involved in the production and trade of batteries. The subsidiary is known by the name Techbec Green Energy Private Limited. Notably, the battery is one of the most crucial components of EVs. As demand for EVs has increased due to an increase in EV adoption, supported by the government's drive, several major companies in the market have been experiencing supply issues. Servotech Power Systems, a top manufacturer of EV chargers, will own 99.99% of the newly formed subsidiary. When preparing to charge a vehicle, considering several elements such as charging time and rate, charging standard, and the capacity of chargers is necessary. It's vital to keep in mind that not all vehicle types depend on charging infrastructure in the same ways when it comes to EV charging. As a result, batteries play a critical part in driving the vehicle. It is important to note that EV range, their usage for long-distance travel, and the lengthy charging time are issues that affect vehicle drivers all around the world. The problem can be overcome by creating a dependable and widely used charging infrastructure. Even though EV adoption in India is still in its infancy, the country has a lot of opportunity for the development of charging infrastructure, which calls for a specific emphasis from the industry's key players and the government in order to be deployed on a broad scale. In the June quarter, Servotech Power Systems said last week that its consolidated net profit had increased to Rs 4.10 crore, helped by increasing revenues. The business said in an NSE filing that it earned a net profit of Rs 35 lakh during the same time period the previous year. In comparison to the same quarter last year, the company's overall income more than quadrupled to Rs 79.81 crore from Rs 32.06 crore. Servotech Power Systems is well known for being a leading producer of solar, EV chargers, power backup, and other intelligent power solutions.

Servotech Power Systems is well known for being a leading producer of solar, EV chargers, power backup, and other intelligent power solutions.

Servotech establishes new subsidiary for battery manufacturing 

Fueling up non-fueling ecosystem: Servotech establishes new subsidiary for battery manufacturing 

Plug-in hybrid electric cars and strong hybrid electric vehicles are eligible for a 100% registration fee waiver from the state.  | EV Marketplace

Home

Companies

Compare

Blogs

News

Saved vehicles

Contact Us

Home

Companies

Compare

Blogs

News

Saved vehicles

Contact Us

EV businesses welcome UP govt’s step to ease road tax for hybrid vehicles

Home

E- Vehicles

Companies

Compare

Blogs

News

Saved vehicles

Contact Us

E- Vehicles

EV businesses welcome UP govt’s step to ease road tax for hybrid vehicles

Like these kind articles? Help us by contributing yours!