Due to tenders announced by PSUs like CESL, NTPC, IOCL, and KSEB, which are anticipated to add roughly 6,000 charging stations by 2023, the demand for EV chargers in India increased in 2022.

EV charger demand expected to grow at 65%: CAGR 

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According to the report titled "<a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">India Electric Vehicle</a> Charging Infrastructure &amp; Battery Swapping Market Overview," the market for EV chargers in India is anticipated to grow at an impressive CAGR of 65% between 2022 and 2030 to reach annual sales of 3 million units. This will be necessary to meet the demand for chargers to support the national EV scenario (NEV) by 2030. According to the statement, both private and public investments will fuel the need. The CEO of Customised Energy Solutions India and the founder and president of IESA, Rahul Walawalkar, stated that "India's electric revolution is gathering steam at an incredible rate. As a result of public policies and commercial investments, we are moving closer to a day when electric vehicles are safe and widely available." ﻿Due to tenders announced by PSUs like Convergence Energy Services Limited (CESL), NTPC Vidyut Vyapar Nigam Ltd, Indian Oil Corporation Limited (IOCL), and Kerala State Electricity Board (KSEB), which are anticipated to add roughly 6,000 charging stations by 2023, the demand for EV chargers in India increased in 2022.

EV charger demand expected to grow at 65%

Prashant

In response to safety concerns arising due to the recent damage caused by a vehicle that caught fire in an underground parking lot, South Korea intends to require electric vehicle (EV) manufacturers to reveal the brand of batteries used in their vehicles, according to a newspaper on Thursday. The transport ministry planned to change the legislation so automakers would have to disclose battery suppliers, according to a story by the Chosun Ilbo that quoted an unidentified ministry official. As per the report automakers in South Korea are presently required to reveal certain characteristics about their cars, such as their size and fuel economy, but they may only reveal restricted information about batteries, like their power capacity, without mentioning the manufacturers. Currently, the Ministry of Transportation of South Korea has declined to respond to the report. According to the reports, a Mercedes-Benz electric automobile that was equipped with batteries manufactured by Farasis Energy, a Chinese business, caught fire last week in the basement garage of an apartment building in Incheon, South Korea.&nbsp; According to Yonhap news agency, the fire took over eight hours to put out, destroyed over 140 automobiles, and sent 23 individuals to the hospital after they inhaled smoke. In a statement, Mercedes-Benz Korea stated that it was taking the situation very seriously and that it intended to work with the authorities to identify the reason. In a study released in February, the Seoul Metropolitan Fire &amp; Disaster Headquarters stated that between 2013 and 2022, 1,399 fires in South Korean subterranean parking lots occurred, with 43.7% of those incidents being caused by automobiles. It said that 53% of automobile fires in underground garages were caused by electrical sources.

According to the reports, a Mercedes-Benz electric automobile that was equipped with batteries manufactured by Farasis Energy, a Chinese business, caught fire last week in the basement garage of an apartment building in Incheon, South Korea.

EV makers to disclose battery brand in South Korea

EV makers to disclose battery brand in South Korea as EV fires raise concerns

The Ministry of Heavy Industries will convene a second round of meetings with stakeholders in a “month or two” to release guidelines on the new Indian EV policy. The new electric vehicle (EV) policy has been developed to entice international automakers like Tesla to establish manufacturing operations in India, citing a senior official The Economic Times reported. Automakers that want to take advantage of the policy's incentives will need to make new investments in accordance with the new guidelines; previous investments will not be taken into account, the report added. This has been communicated to Vinfast, a Vietnamese electric vehicle manufacturer that announced in February of this year that it will spend USD 500 million (about Rs 4,000 crore) in Tamil Nadu over a five-year period, the official added. The Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) was authorised by the government on March 15, 2024, marking a crucial step towards revolutionising the EV scene in India. An adviser representing Tesla, The Asia Group (TAG), was present at the inaugural stakeholders' meeting in April. “We possess several representatives. After studying them, we could have the second consultation meeting in a month or two. Our role is to provide guidelines," the representative said. The official stated that they would want to be issued by the government through a consultation process, saying, "We will draft the guidelines, distribute them to potential applicants, and then call another consultative meeting." He said, "We will invite all, whoever wants to come is welcome," when asked if Tesla will be invited to the second consultative meeting. According to him, import duties can be waived for qualifying companies under the SPMEPCI as long as they spend USD 500 million on greenfield projects. "The plan was informed on March 15 and it was said that the government will open the window and release its rules in no less than 120 days.

To draw manufacturers like Tesla, the MHI is now developing rules for the new EV policy. To qualify for subsidies under the March 15, 2024, authorised SPMEPCI, automakers—including Vinfast of Vietnam—must invest as per the new guidelines.

Govt plans 2nd stakeholders meet 

New EV policy in making: Govt plans 2nd stakeholders meet 

Prashant Sha

<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> has said that by the end of the next year, it will expand its <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">EV</a> showrooms significantly, covering the majority of tier 1 and tier 2 cities. At present the nation has 97 tier 2 and 8 tier 1 cities. These areas now account for the majority of EV demand, so it seems reasonable that Tata would concentrate its efforts here before experimenting in smaller cities. Tata will also open specialised service facilities for its EV line as part of the development. This should make it possible for many of the new showrooms to instantly become 3S(sales service and spare) hubs. On December 21, the automaker officially inaugurated its first two EV dealerships in Gurugram. Compared to ICE showrooms, these spaces are entirely different in terms of layout and decor. Tata has also said that it would run entirely without paper and will use a new criterion for choosing staff for these showrooms. Its current lineup includes the Tiago EV, Tigor EV, and Nexon EV. In 2024–2025, the Harrier/Safari EV, Punch EV, Sierra EV, and Curvv EV will all join this.

Tata has also said that it would run entirely without paper and will use a new criterion for choosing staff for these showrooms. Its current lineup includes the Tiago EV, Tigor EV, and Nexon EV.

Tata to expand over tier 1 and tier 2 cities

Tata plans to expand its EV footprint over tier 1 and tier 2 cities

<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);">Ola Electric</a> announced on Thursday that Temasek-led investors and State Bank of India (SBI) have contributed Rs 3,200 crore to the company. The business declared the successful conclusion of the investment round led by State Bank of India and Temasek. The company stated in a statement that the money raised would be used to establish India's first lithium-ion cell manufacturing facility in Krishnagiri, Tamil Nadu, as well as to expand Ola's electric vehicle business. The Bengaluru-based company has stated that it plans to fast-track the building of a gigafactory, increase its two-wheeler manufacturing capacity, and introduce electric motorbikes and automobiles in order to expedite its growth. At Ola Electric, we want to put an end to the ICE (internal combustion engine) era in cars. Our future gigafactory will significantly advance India's efforts to become a global powerhouse for electric vehicles," Bhavish Aggarwal, the founder and CEO of Ola Electric, said. "We are dedicated to developing core technologies in <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVs</a> and cells and are rapidly scaling up manufacturing to further accelerate the transition to sustainable mobility." Under the government's ambitious cell PLI project, Ola Electric was chosen and granted a maximum capacity of 20 GWh.

The money raised would be used to establish India's first lithium-ion cell manufacturing facility in Krishnagiri, Tamil Nadu, as well as to expand Ola's electric vehicle business.

Ola Electric raises Rs 3,200 cr

Investors, SBI shows confidence on Ola Electric: EV firm raises Rs 3,200 cr 

Seven <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric two-wheeler</a> businesses in India have combined lost over 9,000 crores due to unpaid debts and a downturn in the market since their subsidies were discontinued last year, the Society of Manufacturers of Electric Vehicles (SMEV) reported. <a href="https://evindia.online/company/hero-electric" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Hero Electric</a>, <a href="https://evindia.online/company/okinawa" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Okinawa</a> Autotech, <a href="https://evindia.online/company/ampere" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ampere EV</a>, <a href="https://evindia.online/company/revolt-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Revolt Motors</a>, <a href="https://evindia.online/company/benling" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Benling India</a>, Amo Mobility, and Lohia Auto have all been ordered by the government to pay back their subsidies. According to an audit done by SMEV's chartered accountants, the total damages suffered by these businesses may reach 9,000 crore. The losses include unpaid fees, interest, debt, diminished market share, harm to reputation, cost of capital, and probable recapitalisation as a result of the Ministry of Heavy Industries' 2022 suspension of their subsidies. Some businesses would never be able to recoup from these losses, according to SMEV. Sanjay Kaul, the chief evangelist for SMEV, has emphasised the need of finding a solution to this problem and called attention to the irony that, even as the Indian EV industry is in negotiations with prospective investors to invest $1 billion there, the losses incurred by these firms already equal that sum. Kaul has suggested that the ministry establish a Sinking Fund to offer lenient loans, grants, or other tools to help the faltering OEMs. According to a Ministry of Heavy Industries inquiry, these businesses took advantage of the program's tax benefits by breaking the rules. To be eligible for subsidies, they were intended to employ "Made in India" components, however, it was discovered that these seven enterprises had reportedly used imported components. The delivery of subsidies was therefore postponed. With a budget of 10,000 crores, the government introduced the FAME-II initiative in 2019 to encourage electric and hybrid vehicles in India.

The losses include unpaid fees, interest, debt, diminished market share, harm to reputation, cost of capital, and probable recapitalisation as a result of the Ministry of Heavy Industries' 2022 suspension of their subsidies

E2W companies looses Rs 9,000 crore

Halt on EV subsidy leads to loss of Rs 9,000 crore for E2W companies

Another time, with some design changes, the <a href="https://www.tatamotors.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Tata</a> Punch <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">EV</a> has been observed testing. The electric micro SUV's appearance and inside may both be viewed, providing further information about it. TATA Punch Exterior The Tata Punch EV now has a reprofiled LED DRL up front, which is probably Curvv's full-width model. It appears that the headlight units below it have also migrated somewhat upward. It also has a casing for the 360-degree camera system and mirrors from the 2023 Harrier. According to the spy photographs, the alloy wheels on the Punch EV will be different from those on the ICE-powered Punch. The new electric Punch test mules will feature a five-spoke configuration as opposed to prior models, which were made with the same design as the ICE punch. On the new test vehicle, rear disc brakes have also been seen. The details of the Tata Punch EV are yet unknown. Like the majority of Tata EVs, the Punch EV is anticipated to be offered in Standard and Long Range versions. We predict that the Standard form of the Tigor EV will come with a 26kWh battery, and the Long Range model will use a 30.2kWh battery from the Nexon EV. TATA PUCNH - Interior The updated two-spoke steering wheel for the Punch is seen inside. All next Tata vehicles are expected to feature the redesigned steering wheel design, which made its debut with the Curvv SUV Concept last year. Spy photos of the Nexon also revealed a two-spoke steering wheel in addition to the Punch. Because the infotainment system portion is hidden, we assume that it is the 10.25-inch touchscreen infotainment system that is now in use. The Nexon EV Max's rotary gear selector with a display, automatic parking brake, adjustable regenerative braking, wireless phone charging, and the sunroof would also be included in the Punch EV. It is anticipated that the Tata Punch EV would cost between Rs 12 lakh and Rs 16 lakh.

The new electric Punch test mules will feature a five-spoke configuration as opposed to prior models, which were made with the same design as the ICE punch

The Tata Punch EV now has a reprofiled LED DRL up front, which is probably Curvv's full-width model

Tata Punch EV spied testing with updated interior and exterior

Manufacturers of electric scooters who have been found guilty of fraudulently claiming subsidies under the FAME II scheme are going to face punishment from the Indian government. The government is reportedly considering a number of penalties, including forbidding these businesses from obtaining subsidies in the future and halting the subsidy on automobiles sold during the previous 15 months. According to reports, the Ministry of Heavy Industries will consult with other government agencies before deciding on the fines since they would affect investments. In order to collect roughly Rs 500 crore, the government previously served warnings to seven <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">EV</a> manufacturers, including Hero Electric, Okinawa Autotech, Ampere EV, Revolt Motors, Benling India, Lohia Auto, and AMO Mobility. The centre has also stopped paying subsidies totalling Rs 1,400 crore to 13 businesses that the ARAI was looking into. Companies that have been found to be innocent should start receiving subsidies by the end of this month. A government official claims that Rs 200 crore has already been paid and that the remaining claims would be resolved by the end of the month.

The government is reportedly considering a number of penalties, including forbidding these businesses from obtaining subsidies in the future

The government previously served warnings to seven EV manufacturers

Government to take action against FAME II violating EV manufacturers

The <a href="https://play.google.com/store/apps/details?id=com.mahindra.driverapp&amp;hl=en_IN&amp;gl=US" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">NEMO Driver App</a> is built on the acclaimed internal additional options architecture of Mahindra. By addressing important problems like range concerns and assisting the client in planning charging sessions, it improves operational effectiveness. It is dynamic and provides real-time important Mahindra <a href="https://evindia.online/vehicles?type=4" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric 3-wheeler data</a>, like driving and charging information (Treo auto, Treo Zor, and Zor Grand). The NEMO Driver Application was developed as a result of considerable consumer input. The company created the app to improve the connectivity, practicality, and hassle-freeness of electric mobility. Using the Play Store on Android phones, users can easily download the software for free. There are also plans for an iOS launch. The NEMO software, which a user can install on their Smartphone, has a number of functions, among which is the Keyless entry function, which allows individuals to remotely disable an <a href="https://evindia.online/vehicles?type=5" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicle</a> (EV) through the application in the event of a breach. Users can travel the quickest route with the aid of some other function in simple Navigation, allowing for more journeys and hence more benefits. The NEMO application also helps the Mahindra Customer locate his motor and travel to its precise location and provides automotive status updates such as state of charge (SoC), distance to empty (DTE), and time to charge (TTC). In aspects of maintenance, it enables technical support and provides notifications for service reminders, service scheduling, and easy accessibility to the customer service center for quicker problem-solving. The NEMO Driver Application is ready to support the new era of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a> with greater than 11 key functions, with the aim of giving a cutting-edge range of interconnected navigation services. A cloud-based system called the NEMO Driver App enables the creation of a new breed of linked and shareable solutions to enhance urban ev adoption.

Mahindra Launches Nemo Driver App for 3-Wheeler vehicles

Mahindra has recently launched its Nemo Driver app to assist its 3-wheeler commercial fleet. Read further to know more.

Somsubhra Chowdhury

Due to tenders announced by PSUs like CESL, NTPC, IOCL, and KSEB, which are anticipated to add roughly 6,000 charging stations by 2023, the demand for EV chargers in India increased in 2022.  | EV Marketplace

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EV charger demand expected to grow at 65%: CAGR

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