The charging station, located at The One, Sales Gallery, Southern Peripheral Road (SPR), has dual gun capability, a digital display with RFID for user engagement and security, and power outputs of 120 kW, 60 kW, and 7.4 kW respectively

Evfy establishes its first EV charging station in Delhi NCR

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EVFY, an electric automotive solutions startup, has joined the EV charging infrastructure sector by establishing its first electric vehicle (EV) charging station in Sector 73, Gurgaon, Delhi-NCR.&nbsp; This is the company’s first of 100 planned charging stations in the area, aimed to boost India's electric mobility expansion. The charging station, located at The One, Sales Gallery, Southern Peripheral Road (SPR), has dual gun capability, a digital display with RFID for user engagement and security, and power outputs of 120 kW, 60 kW, and 7.4 kW respectively. These features of the station are expected to support a wide range of EV models, including two-, three-, and four-wheelers. India's public EV charging infrastructure has expanded significantly, rising from 1,800 stations in February 2022 to 16,347 by March 2024. With forecasts predicting that over 50 million EVs will be on the road by 2030, the need for charging stations is likely to grow significantly. Shikhar Yadav, the founder of EVFY, intends to add more locations to his charging network such as Dwarka Motorway, Airport Area and New Gurgaon. Additionally, the company claims to install ultra-fast chargers with a power output of 150 kW along with hyper-fast ones at 350 kW in future. The company is also seeking partnerships with EV manufacturers and plans to work together with real estate developers and housing societies to expand its network. Hritik Sharma, co-founder of EVFY said that their aim is to make ownership and charging of electric vehicles easier so as to increase usage throughout India. Furthermore, EVFY is set to introduce an app that will assist in accessing their EV charging stations while aiding the switch towards electric transport systems.

Evfy establishes its first EV charging station

Prashant

JSW MG Motor India on Friday announced joining hands with Vision Mechatronics to repurpose old electric vehicle batteries with a domestic battery management system for use in large-scale energy storage. The collaboration with Vision Mechatronics, a technology firm specialising in second-life batteries, will first focus on a UPS backup solution, with the first product already installed for an industrial site in Pune to show the adaptability and usefulness of second-life EV batteries. Under the agreement, JSW MG Motor India will offer Vision Mechatronics with EV batteries that are no longer roadworthy, which will be repurposed into a second-life large-scale energy storage application. "With Vision Mechatronics we have done a 36 kilowatt UPS, which is going to be for industrial application...This one is using the cells of a battery which is not being used as such in the cars It's perfect in terms of repurposing of the battery and so this also tells us that the life of the battery doesn't end when the car journey ends," JSW MG Motor India Chief Growth Officer, Gaurav Gupta told PTI. He went on to say that the unveiling of the project, a high-voltage second-life battery with an indigenous Battery Management System (BMS), "is indeed an innovation and makes us future-ready". This program is intended to benefit many small and medium-sized businesses and corporations searching for cost-effective sustainable energy storage options, he said. Gupta stated that this is the company's third pilot project, after the off-grid charging station with IIT Delhi and Batx, and the second pilot to deploy a 5kWh BESS in a Nainital school with Lohum and Teri. These measures were carried out as part of the company's 'Project Revive,' which reiterated its commitment to deploying creative ways to recycle EV batteries, he said. Rashi Gupta, Managing Director of Vision Mechatronics, stated that the reused batteries might be used for a variety of purposes, including UPS, diesel engine generator replacement, or backup. Right now, the focus is on "UPS because it's a low-hanging fruit," she said, adding that in six months, the applications might be expanded.

 Vision Mechatronics, will first focus on a UPS backup solution, with the first product already installed for an industrial site in Pune to show the adaptability and usefulness of second-life EV batteries.

JSW MG Motor join hands with Vision Mechatronics

Repurposing used EV batteries: JSW MG Motor join hands with Vision Mechatronics

Foxconn is establishing a production and assembly plant for mechanical components of electric vehicles EV in Bengaluru as part of Project Cheetah, Karnataka Chief Minister Siddaramaiah announced on Aug 16. He stated, "For this project, the company has leased private land in Bengaluru Rural district." Foxconn, a significant supplier to Apple and a leader in Taiwanese electronics, has been increasing its footprint in India as tech firms look to diversify their operations outside of China. Foxconn intends to deliver 5-7 lakh electric vehicles by 2025, and it is thinking of making India its third worldwide base for EV contract manufacture. Foxconn has previously established an iPhone assembly factory in Karnataka as part of Project Elephant. "The firm has purchased 300 acres of property in the Bengaluru Rural District's Doddaballapur and Devanahalli Taluk, which is part of the ITIR Industrial Area. With a Rs 22,000 crore investment, the project is anticipated to provide jobs for around 50,000 people,” according to Siddaramaiah. Karnataka Chief Minister Siddaramaiah and Deputy Chief Minister DK Shivakumar met Young Liu, Chairman of the Taiwan-headquartered Hon Hai Technology Group (Foxconn) on Aug 16th. Over dinner, Siddaramaiah gave Liu and other senior officials of the company assurances that Foxconn would have all the support and cooperation it needed to operate in the state. Meanwhile, on the next day, Liu is expected to pay a visit to the Doddaballapur production plant. "All necessary infrastructure and support will be provided to Taiwan-based Foxconn, which is investing Rs 25,000 crore to establish a massive manufacturing plant near Doddaballapur. Foxconn will receive full backing from the state government. Everything from roads, water, and power to legal support will be provided," the CM declared. In response, Young Liu stated, "The unit in Karnataka will soon become the second-largest Foxconn plant after China's unit". Particularly for those with a middle-level education, it will directly generate 40,000 employment, and our investment won't end here. We intend to investigate more industries in the future. Everything is possible if both parties have mutual trust."

Foxconn intends to deliver 5-7 lakh electric vehicles by 2025, and it is thinking of making India its third worldwide base for EV contract manufacture.

Foxconn to set up EV production unit in Bengaluru 

Karnataka CM: Foxconn to set up EV production unit in Bengaluru under Project Cheetah

The Blue Line 2901, the most affordable version of Bajaj Auto's Chetak electric scooter, was released in the first part of June. Although the scooter's Rs 95,998 price tag attracted a lot of attention, it was not apparent what the new suffix meant. Bajaj has now stated that additional Chetak variations, including the top-spec Chetak Premium, which will shortly be called the Chetak Blue Line 3201, would also adopt this new naming nomenclature in the upcoming months. Bajaj has addressed the meaning of the names, stating that "Blue Line" refers to the fact that all of these scooters are constructed on the initial electric Chetak platform, which made its debut in 2019. This platform's derivatives in the future will all have the Blue Line suffix as well. Regarding 2901, the battery capacity is indicated by the first two digits, and the trim level is determined by the final two digits. Therefore, the trim level is 01 and the battery pack capacity of the Chetak Blue Line 2901 is 2.9 kWh. Considering that the Chetak Premium, with its 3.2 kWh battery, would likely be called the Blue Line 3201, it is possible that the mid-spec Chetak Urbane will be called the Blue Line 2902. Currently, the Blue Line 2901 (Rs 95,998) is the entry-level model in the Chetak line. The mid-spec Chetak Urbane is priced at Rs 1.23 lakh, while the Chetak Premium is priced at Rs 1.47 lakh (all prices, ex-showroom, including EMPS subsidy). The Bajaj Blue Line 2901 is over Rs 20,000 less expensive than the Urbane since it lacks a few components, such as the front storage box, which is replaced with open storage bins. The 2901 has a weaker motor, a slower peak speed of 63 kmph, and lacks the remote key fob that comes with the Chetak Premium. Instead, it uses a standard key and key slot. Currently, more than 500 dealerships around India sell the Chetak. The Blue Line 2901 costs just Rs 6,000 more than the Ola S1X Plus 3 kWh and is positioned level with the TVS iQube 2.2 kWh. With the recent expansion of its product lineup, TVS Motor Company, which is aiming to cross the sales of 25,000 electric scooters on a monthly basis, is clearly hoping to keep up with Bajaj, which has overtaken Ather Energy to become India's third-largest electric two-wheeler manufacturer in terms of monthly sales.

Bajaj has addressed the meaning of the names, stating that "Blue Line" refers to the fact that all of these scooters are constructed on the initial electric Chetak platform, which made its debut in 2019.

Bajaj decides to rename Chetak

Bajaj decides to rename Chetak to “Blue Line” series

Prashant Sha

As it expands its line of electric vehicles beyond the Rs 30 lakh price range, Chinese manufacturer BYD intends to capture 90% of the Indian EV market by the end of the year. BYD India is attempting to obtain homologation certification from ARAI for its electric SUV Atto 3, which will ease the ban on import volume of 2,500 units. BYD India debuted its electric sedan SEAL, priced between Rs 41 lakh and Rs 53 lakh. “Our goal is to service 90% of India's EV market. By the end of the year, we want to have established ourselves in both big towns and tier-1 cities” according to Sanjay Gopalakrishnan, senior vice president of BYD India's electric passenger car division. The BYD India automobile division currently sells the BYD ATTO 3 SUV and the e6 MPV through a network of 24 showrooms located in 21 locations.

The BYD India automobile division currently sells the BYD ATTO 3 SUV and the e6 MPV through a network of 24 showrooms located in 21 locations.

BYD seeks to touch 90% of Indian EV market

Chinese company BYD seeks to touch 90% of Indian EV market

Riding high on the success of India's rapidly growing EV market, Tata Passenger Electric Mobility Limited (TPEML), a division of Tata Motors and the brains behind well-known models like the Tiago EV and Nexon EV, is gearing up for a possible 12–18 month IPO. According to a report by The Hindu BusinessLine, the Tata Group is strategically pushing to monetarily maximise its investments in the rapidly expanding electric vehicle (EV) market with its public debut, which aims to earn $1–2 billion. A banker with knowledge of the situation told The Hindu BusinessLine, "The listing of TPEML is to ensure that the Tata Group is able to monetise its investments in the electric vehicles business rather than to garner funds from the market."&nbsp; Although the exact date of the IPO is yet unknown, the business is reportedly looking at FY25 or FY26 as a possible window, assuming excellent market circumstances for electric cars and a generally upbeat outlook for the stock market. Notably, Tata Motors has already committed to allocating $1 billion of its own funds to TPEML, and the strategy is moving along according to plan. As part of its big $2 billion investment plan for the EV sector by 2026, TPEML successfully secured $1 billion in finance from TPG in January 2023. This announcement follows, according to numerous media reports. The Tata Group's larger plan to extract value from its electric vehicle investments appears to be the main motivator, despite the fact that the IPO may strengthen its capacity for obtaining capital.

As part of its big $2 billion investment plan for the EV sector by 2026, TPEML successfully secured $1 billion in finance from TPG in January 2023.

Tata Electric Vehicle Unit to launch $1-2 billion IPO 

Tata Electric Vehicle Unit to launch $1-2 billion IPO in FY25-26?

Over 900,000 <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicle</a> sales were recorded in India in the first seven and a half months of this year, accounting for about 88 percent of all electric vehicle sales worldwide in 2022. This trend reflects customers' rising embrace of technology as their fears about it fade. 9,01,364 EVs were registered in the nation from January to August 18, 2023, according to the government's Vahan dashboard. This represents about 88 percent of the total number of EVs sold in 2022. According to the statistics, 10,24,795 electric vehicles (EVs), including buses, <a href="https://evindia.online/vehicles?type=5" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">two-wheelers</a>, <a href="https://evindia.online/vehicles?type=4" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">three-wheelers</a>, and passenger vehicles (PVs), were registered in India in 2022. In the fiscal year 2023 (April 2022–March 2023), around 4.5 percent of all two-wheelers sold in the nation were electric vehicles, compared to 1.6 percent for passenger vehicles (PV), according to Hemal Thakkar, senior practise leader and director at research firm Crisil. It was three to four percent for buses. He said, "The increase has been quite excellent as well in Q1 of FY '24 (April-June 2023). Tata Passenger Electric Mobility's chief product officer and head of high voltage projects, Anand Kulkarni, credited the success of EVs to customers' growing understanding and acceptance of the technology. According to him, a lot of the early queries and worries regarding EVs have been addressed in recent years, and as a result, more and more people are selecting EVs as their main mode of transportation. "When we started electrification, there were many concerns and a preconceived notion of how the technology would be helpful and useful, etc. I believe many of those questions have received pretty forceful responses over the last three to five years. Additionally, throughout this time, we have observed a considerable evolution in the clients' use cases, he added, according to ThePrint. He used the 2020 Nexon EV from Tata Motors as an illustration. This vehicle was first purchased as a second or, in some cases, even a third automobile for the family. "This was for folks who were interested in technology but weren't sure they wanted to buy this as their first automobile. Since Tiago's introduction in January, we've witnessed a very important development. This had been going on for a while, but the Tiago had sort of amplified it,” he said. He gave statistics, stating that 40% of their automobile purchasers were driving EVs as their primary vehicle, indicating that the technology was growing more and more popular. "EVs are no longer being looked at as a supplementary vehicle in the family," he continued. Industry insiders anticipate a significant increase in sales as infrastructural concerns are addressed, eliminated, and more options are made accessible.

9,01,364 EVs were registered in the nation from January to August 18, 2023, according to the government's Vahan dashboard. This represents about 88 percent of the total number of EVs sold in 2022

EV sales show 88% rise from 2022

EV sales show 88% rise from 2022: Industry heals from 7 months down

Ahead of the forthcoming Auto Expo 2023, MG Motor India has showcased the revolutionary <a href="https://www.mg.co.uk/new-cars/mg4-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">MG 4 EV</a> hatchback to pique public interest. In addition to other foreign designs, the Chinese-owned British manufacturer will display the MG 4 EV at the next Auto Expo 2023. The MG 4 EV is an electric hatchback built on the business's innovative Modular Scalable Platform (MSP), which is ostensibly designed expressly to meet the needs of electric cars. It's also important to note that SAIC, the principal firm of MG, owns this fully Electric foundation. This innovative platform's initial version has the following dimensions: 4,287mm in length, 1,836mm in width, 1,506mm in height, and 2,705mm for the wheelbase. In addition, the MG 4 has a dramatic, crossover-like appearance with LED lights, aggressive alloy wheels, and main body outlines. <img src="https://lh3.googleusercontent.com/fUr8hwpsVatyerKLaQJczl9UN4_vcQ1id0Rph1AI0mHQ7NlDd3qUGYsSCM1NYJK3iyGjokCWmcvDZUoWIoMOHPqL0T9GDjR4nbn7ZLKnPT1o8dKdpsRTbhCiX5-1sbVw4Erm_cXYyc99v50Sdh7dMBpjPkP4XHOAz2vt_hVMSYlpsPw_IlLIRsHF5ur2mg" height="339" width="602"> Regarding the MG 4 EV's features, the electric hatchback features two battery pack choices, each with its electric motor and a primary electric motor that drives the back axle. There are two different battery package choices: a respectable 51 kWh battery capacity and a substantially bigger 64 kWh battery capacity. In terms of the electric powertrain, the MG 4 EV with the smaller 51kWh battery pack has a 168bhp electric powertrain. In contrast, the <a href="https://evindia.online/company/mg-motor-india-private-limited" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">MG 4 EV</a> with the larger 64kWh battery capacity has a 201bhp electric powertrain. Nevertheless, the combined power of the two electric motors is 250Nm. The MG 4's interior will have a simple layout with straight lateral stripes and hanging screens. The EV's center display unit measures 10.25 inches, while the digitized instrument panel has a 7-inch touchscreen. A small center panel with a rotary dial and a cordless charging point also protrude from the front. Seats with ventilation, 360-degree cameras, ADAS, and other features are included. <img src="https://lh3.googleusercontent.com/tH9DY13W5QizUDV0vDz0lu5UaNfzb7Kv89Xs-iobDE_P8855CUfNNSOYRAFj4nFBniQNj8vDVDZNXVnpU8k0ZGPOEagiCpsSpp8fGDZioSsu7TeB4r0yezBlf_DY4d5n-JrrCkx2FYqKTek5uKxxu-_Z7PT8Haa3ZMD6KYVgafQZOhJOTp35o__zBrArEg" height="339" width="602"> Aside from that, the <a href="https://evindia.online/company/mg-motor-india-private-limited" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">MG 4 EV</a> achieved 83% in the Adult Occupant Protection collision test with 31.6 out of 38 points, earning a perfect 5-Star safety certification from Euro New Car Assessment Program. When delving into the specifics of that same Euro NCAP safety testing, the MG 4 EV achieved 78 % with a rating of 12.6 out of 16 in its safety equipment collision testing and 39.5 out of 49 in the child seat safety collapse testing.Rear-wheel drive hatchbacks are things people could be intrigued by, and the upcoming MG 4 EV has one of those configurations. That said, the MG 4 EV has every requirement to be a competitive Electric Car in India. <img src="https://lh4.googleusercontent.com/comcF9pJlI_WEM5F_KFguPc--rUrS0wB09AZPCN8X0s_SYV52ihtldFIlO5ZoqrSm7opXnqYIM15z8vOrDe7CGjIBt9tF-cd-zDhqiKH8nLZV2A5B1IZsuO-_RJ-YWAP-yeZGgfd-jhucaJZP-Z7F2dAUsfF_XdVq38mlpokd-BwEObVT4diZ2_2YbcJyw" height="339" width="602"> Starting on January 11, the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric car</a> will be displayed at MG India's booth at the India Expo Mart. The business is now introducing the MG 4 EV hatchback to India to see how Indian consumers would respond to it after officially being released on the international market. The revolutionary 2023 Hector and the MG Air City EV are two further variants on exhibit at the MG booth.

The All-new MG 4 Electric Hatchback Teased in India: Read to Know More

Ahead of the forthcoming Auto Expo 2023, MG Motor India has showcased the revolutionary MG 4 EV hatchback to pique public interest. Let's see what we know until now.

Somsubhra Chowdhury

<h4>According to the Ministry of Heavy Industry <a href="https://fame2.heavyindustries.gov.in/ModelUnderFame.aspx" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">website</a> the Fame II subsidy of two market leaders of the segment has been put on hold. Information about their adherence to localization requirements under the government's flagship EV promotion program to a few OEMs was sent a notice and a subsequent site inspection was carried out by ARAI in the past few months. As per other sources, it has been claimed that many other <a href="https://evindia.online/companies" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">EV manufacturers</a> were also sent these notices. The sources include names such as Rahul Sharma's <a href="https://evindia.online/company/revolt-motors" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Revolt motors</a> &amp; Chennai-based <a href="https://evindia.online/company/ampere" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Ampere</a> Vehicle.</h4><h4> </h4><h4>Several people in the know said that during the past few months, representatives from the Automotive Research Association of India (ARAI), an organization that accredits autos in India, have visited the manufacturing facilities of several EV manufacturers to audit their component sourcing. ARAI's findings significantly influenced the decision to remove <a href="https://evindia.online/company/hero-electric" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Hero Electric</a> and <a href="https://evindia.online/company/okinawa" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Okinawa</a>'s subsidies.</h4><h4>&nbsp;</h4><h4>To be re-eligible for the incentives offered under the FAME-II program, also known as the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME-II) scheme, the ministry is requesting them to present documentation to support their claims. The government has suspended the incentives for the two EV manufacturers. The subsidy will be reinstated if the two businesses present the required documentation as evidence of satisfying the regional value-addition requirements.</h4><h4> </h4><h4>Regardless of how big the player is, the minister stated that if they are discovered to be in breach of the guidelines, "all necessary steps" will be taken against them. The minister chose not to mention the names of the two automakers.</h4><h4>&nbsp;</h4><h4>&nbsp;</h4><h2>&nbsp;</h2><h2>So, What is FAME?</h2><h4>&nbsp;</h4><h4>A program called Fame India has been introduced to promote the purchase of <a href="https://evindia.online/vehicles" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Electric Vehicles</a>. The government will offer incentives through this program to encourage the purchase of new electric vehicles, which will advance electric mobility in India. This plan will also set up the essential infrastructure for electric vehicle charging. The Fame India program was established to address the problems of environmental pollution and fuel scarcity. The government has upped the subsidy incentives under this program from Rs. 10,000 per kWh to Rs. 15,000 per kWh. The main emphasis of the scheme is to promote the "Make in India" idea. The companies that benefit from this scheme are directed to use local products while manufacturing the vehicles. A total of Rs 10000 crores has been relocated to support EV growth in India under this scheme. Until now, 78045 electric vehicles in full, including 59984 electric two-wheelers, 16499 electric three-wheelers, and 1562 electric four-wheelers, have been sold through the Fame India program as of June 26.</h4><h4>&nbsp;</h4><h4>&nbsp;</h4><h2>What Led to This?</h2><h4>&nbsp;</h4><h4>There have been several cases of EVs catching fire during the previous several months. News of EV battery fires has become a weekly occurrence, starting with a <a href="https://nexonev.tatamotors.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Tata Nexon</a> Electric SUV that caught fire last week and continuing with <a href="https://okinawascooters.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Okinawa</a> and <a href="https://evindia.online/company/ola-electric" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Ola electric</a> scooters. Why have even the dealerships for electric vehicles caught fire? The worried Indian government launched an investigation to get to the root cause of this incident. This investigation was given to the reputable government-run Defence Research Department of India (DRDO). The investigation panel's conclusions are public and quite harsh. Through alluring incentives aimed at both manufacturers and consumers over the past couple of years, the Indian government has significantly pushed for a speedier adoption of electric vehicles in the nation. Along with growing fuel prices, these incentives have inspired a plethora of new electric vehicle manufacturers, some of which have little to no background in creating any form of transportation system. But after the uncertain incidents throughout the country, the government has come under pressure and started to review the incidents to halt certain regulatory practices causing such issues.</h4><h4>&nbsp;</h4><h4>A few hundred degrees Celsius are needed for an Electric Vehicle (EV) with lithium-ion (Li-ion) cells to experience a "thermal runaway episode," which results in EV fires. Extreme heat can not cause fires, but improper thermal management of the battery can have a detrimental effect on performance and shorten life. These fires are a national concern, possibly due to something overlooked during the design phase. The pack assembly procedure may not be the most reliable, weather patterns for various target geographies may not have been taken into account, or limited testing may not have shown weaknesses in the defenses. One thing we have observed in the past year is the explosive demand for EVs, particularly 2-wheelers, and the ensuing sales of these vehicles. The recent year's rapid scale-up of battery and electric vehicle assembly. It isn't a procedure that can be accelerated, especially not at the rate it has in the past 12 months. Production magnitude can be disruptive and cause QC nightmares if not done properly. Variations in quality may occur due to the hasty expansion of cell manufacturing sites and component manufacturing/vendor development. The recent Covid-19 lockdown has also incited production to slow down and pile up over time. All these reasons can be an influential factor in such major QC concerns.</h4><h4>&nbsp;</h4><h4>Also, the rise in demand at a national scale is responsible for such issues. Many recent manufacturers are switching over to global products during the manufacturing process. Such practices are in direct violation of the FAME scheme. Moreover, the growth of <a href="https://evindia.online/vehicles" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Electric Vehicle</a> manufacturers across India is also a result of the simple accessibility of Chinese electric vehicle kits. These kits can be held liable for inciting fires in the vehicles as they are cheap and can be adopted quickly, making production faster.&nbsp;</h4><h4>&nbsp;</h4><h2>Conclusion</h2><h4>&nbsp;</h4><h4>Until the subsidy resumes, it will be essential to assess whether businesses like <a href="https://heroelectric.in/" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Hero Electric</a> and <a href="https://evindia.online/company/okinawa" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Okinawa</a> can modify their supply networks with a focus on making them indigenous. If not, players like <a href="https://evindia.online/company/tvs" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">TVS</a>, <a href="https://evindia.online/company/ola-electric" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Ola</a>, <a href="https://evindia.online/company/ather-energy" rel="noopener noreferrer" target="_blank" style="color: rgb(14, 16, 26);">Ather</a>, and the forthcoming Hero MotoCorp may benefit from a rise in these vehicles' prices in the interim. The increase in the prices because of the cut of such subsidies can also directly affect the market. A loss to the rising EV industry is undeniable, as per the current situation.&nbsp;</h4><h4> </h4><h4><img src="https://api.evindia.online/uploads/blog/2022-10-12-12-10-37-IMG-20221011-WA0030.jpg"></h4><h4> </h4><h4>Here is how the updated price will look post-subsidy removal. Per our discussion with several Okinawa &amp; hero dealers, it is highly unlikely that both giants will pass on the price burden to the end consumer. In hindsight, both companies have increased the price of their product in the range of 10 to 20% in the past six months. However, one more price 10 to 20% increment is expected in ex-showroom price posts in fresh inventory, which will be passed on to the dealers.&nbsp;</h4><h4>&nbsp;</h4><h4>Additionally, to avoid further incidents causing such chaotic outcomes, The government is implementing a new digital process that requires OEMs to calculate and store domestic value addition data in their ERP (enterprise resource planning) systems. It will be necessary to upload this data to the FAME-II portal.</h4><h4> </h4><h4>As Hero MotoCorp prepares to introduce its line of electric vehicles following its success with petrol two-wheelers, the EV market in India is heating up. Ola Electric recaptured the lead position in September with 9,616 units, according to the most recent two-wheeler EV registration statistics. There was a 2.3% increase in two-wheeler EV registrations overall in the month.</h4>

In an intresting update - Ministry of Heavy Industries halt the FAME-II subsidy for Okinawa and Hero Electric which together holds more than 30% of Market share in Electric twowheeler segment.

Govt Halts FAME-II subsidy for Okinawa and Hero Electric - The Timeline and in-depth analysis.

The charging station, located at The One, Sales Gallery, Southern Peripheral Road (SPR), has dual gun capability, a digital display with RFID for user engagement and security, and power outputs of 120 kW, 60 kW, and 7.4 kW respectively  | EV Marketplace

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Evfy establishes its first EV charging station in Delhi NCR

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