Increasing attention to the EV industry will assist TN in reaching its goal of having a $1 trillion economy:  FICCI-Deloitte

Focus on EV industry may take TN to $1-trillion economy: Report

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&nbsp;According to a recent Ficci-Deloitte analysis, increasing attention to the electric vehicle industry will assist Tamil Nadu in reaching its goal of having a $1 trillion economy by 2030–2031. According to the report "Towards One Trillion: Accelerating Tamil Nadu's Progress to Become a Trillion-Dollar Economy," the region's well-established automotive cluster in the Chennai-Kancheepuram-Chengalpattu-Tiruvallur corridor needs to be the focus of attention right now, in addition to making use of the region's already-existing auto-manufacturing infrastructure and industry presence. With the introduction of the Tamil Nadu <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV </a>policy 2023, the state has already made a solid first impression by selecting important EV cities in the state, including Chennai, Coimbatore, Trichy, Madurai, Salem, and Tirunelveli. Because this industry is still developing in the state, the government will need to get involved in social development, infrastructural development, and startup support. The research stated that Tamil Nadu might allow the establishment of significant technology nerve centres along the corridor, joining the designated cities in the strategy, in addition to the previously proposed EV park in Hosur and Manalur. Co-working spaces for start-ups might be situated next to OEM/tier-1 R&amp;D centres thanks to the ecosystem of R&amp;D nerve centres. Additionally, OEMs can buy technologies from interested start-ups and delegate new research activities to them. To encourage localization, it was suggested that OEMs and start-ups collaborate on adopting EV production technology for Indian MSMEs. In addition to supply-side interventions, citizen-centred policy reforms may be implemented to support the growth of the state's demand for electric vehicles. By 2030, the present EV program is to convert 60,000 buses, or 30% of bus fleets in public transportation and educational institutions, to electric power. Along with public transportation, the state may also take into account offering usage-based payment plans, government-backed financing assistance for auto drivers to purchase and operate electric vehicles, providing public charging infrastructure and battery swap stations to encourage private owners, and subsidizing the price of electric vehicles through reductions in the state goods and services tax. According to the paper, EV conversion can also be accomplished through EV retrofitting. The electrification of current vehicles can be aided by retrofit kits, and the standardizing of batteries through such gears can advance the infrastructure for battery swaps. These modifications will boost demand and raise public acceptance of EV adoption.

The research stated that Tamil Nadu might allow the establishment of significant technology nerve centres along the corridor, joining the designated cities in the strategy, in addition to the previously proposed EV park in Hosur and Manalur

Attention to the EV industry will assist TN in reaching its goal of having a $1 trillion economy

Prashant

India's first second-life battery-powered solar EV charging station established 1.5 km from Kempegowda International Airport, would be operational by the end of October, citing a Bescom source, Deccan Herald(DH) reported.&nbsp; The private-public cooperation between Bescom and GIZ, a German corporation, is expected to serve approximately 1,000 EVs each day, including 175 EV taxis introduced by Kempegowda International Airport. Second-life batteries are ones that have already finished their five-year life cycle. However, these batteries may still be charged and used for another five years.&nbsp; According to the report, the idea intends to eliminate the disposal of used batteries while also saving expenses.&nbsp; The facility spans 70 meters and contains 23 compartments. Each compartment is 7 meters long and 2.5 meters wide, and the station can charge up to 23 automobiles at one time.&nbsp; DH further reported that the station would be open 24 hours a day and would offer both AC and DC charging at the outlet, with each costing Rs 7.5 and 6.7 per unit, respectively. Beneficiaries can access charging stations using the EV Mitra application.&nbsp; The EV charging station, which cost an estimated Rs 4 crore, has a power capacity of 400 kV. Reportedly, the solar panels are expected to generate only 45 kV out of the required 400 kV. The remaining electricity would be provided by the Karnataka Electricity Transmission Corporation Limited (KPTCL) grid near the charging station. In a new effort to guarantee that no power generated by a solar setup is wasted, the charging station is equipped with a metering device that monitors the generated electricity. The connecting facility between KPTCL and the charging station will be used to send excess solar power to the grid.&nbsp; While Karnataka already has the most EV charging stations (nearly 5,700), it is about to become the first state to install a second-life battery-powered solar EV charger.&nbsp;

Second-life batteries are ones that have already finished their five-year life cycle. However, these batteries may still be charged and used for another five years. 

Bengaluru to inaugurate -2nd-life solar battery

Bengaluru to inaugurate India’s first 2nd-life solar battery-powered EV charging station

IKEA India underlined its commitment to sustainability by transitioning its delivery operations in Bangalore, Hyderabad, and Pune to all-electric vehicles (EVs). This marks a significant step in the company's efforts to decrease its carbon footprint and adopt greener practices. The update emphasises IKEA India's commitment to environmental responsibility and innovation, according to a LinkedIn post. The transition to electric vehicles is part of IKEA's larger effort to improve its environmental activities and help India's drive for greener mobility alternatives. In addition to switching towards electric vehicles, IKEA is also enhancing their infrastructure to facilitate this change. Moreover, to promote the wider use of electric transportation, the business is installing additional charging stations for heavy vehicles across India. As per the report, IKEA intends to expand this green project to other places as well, with Mumbai being next on its list. This move towards electric delivery by IKEA is aligned with the company's global objective of having zero carbon impact by 2030.

In addition to switching to EVs IKEA is also enhancing their infrastructure to facilitate this change. To promote the wider use of electric transportation, the business is installing additional charging stations for heavy vehicles across India.

IKEA transitions to all-EV deliveries 

IKEA transitions to all-EV deliveries in Hyderabad, Bangalore, Pune

Accomplishing the impossible, MG has bowled over the market competition by lowering costs across its portfolio, while all other automakers have upped their pricing.&nbsp;In addition to the pricing revision, the business has introduced the new ZS EV Executive model, which is Rs 1 lakh less expensive than the ZS EV Excite. The cost of the complete Comet EV range has been lowered by MG Motor. There is a deduction of Rs 99,000 price on the entry-level Pace trim, which begins at Rs 6.99 lakh. The last two variants, called Play and Push, are priced at Rs 7.88 lakh and Rs 8.58 lakh, respectively, and are discounted by Rs 1.4 lakh. Not only it is claiming to be the most affordable electric car in the nation, but it is also fully equipped with electric features and built from the bottom up. It produces 41.4 horsepower and 110 Nm and is run by a 17.3 kWh battery. MG claims that the Comet EV has a 230 km driving range on a single charge. The four-seater EV requires 7.7 hours to fully power and 5.5 hours to get from 0% to 80% with a 3.3kW charger. Meanwhile, the newly updated price is likely to compete with the Tata Tiago EV which is priced at Rs. 8.69 lakh ex-showroom.&nbsp; <img src="https://lh7-us.googleusercontent.com/tYWhqgVOIK2O8AIl-P_VC1L6Ce0eGzzFvo3BCxsZLAstsynsw6ymQmp-U_Sq5Ypw3WGJ6GNT8e3bXkaYWIwhlPrLdlD2HuOa1qG0JrdjaALB4NvjxPySGr51u2WGjPlu-RNx-7oJWwFJOFewA33T_aI" height="159" width="602"> MG Motor price revised price of ZS EV The ZS EV now begins at Rs 18.98 lakh, ex-showroom, after a Rs 3.9 lakh price reduction. The ZS EV Executive is a new entry-level trim that MG has released. Therefore, the EV's pricing range is Rs 18.98 lakh to Rs 25.09 lakh. A 50kWh battery with 174bhp and 280Nm powers the ZS EV. MG claims that the ZS EV has a 461 km range on a single charge.

The ZS EV now begins at Rs 18.98 lakh, ex-showroom, after a Rs 3.9 lakh price reduction. The ZS EV Executive is a new entry-level trim that MG has released. Therefore, the EV's pricing range is Rs 18.98 lakh to Rs 25.09 lakh.

MG lowers its prices

MG lowers its prices: Comet now more affordable than Tata Tiago EV

Andhra Pradesh is leading the way in bringing about the revolution of <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a> in line with the Union government's target of achieving net-zero emissions by 2070. The state has made the decision to offer one lakh EMI-based electric automobiles to state government workers. Benefits like free registration and no road tax will be included with this. In addition, the state government is creating over 400 charging stations for electric vehicles in a variety of locations in an effort to promote an atmosphere that is favourable to electric mobility. At the moment, 265 stations are in service, with the remaining ones being developed. Furthermore, the government plans to place EV charging stations every three miles inside city borders and every 25 kilometres along national routes. There were already over 4,000 sites set aside for this use. Vishal Kapoor, CEO of Energy Efficiency Services Limited (EESL), described the company's national electric bus plan as a huge undertaking with the goal of distributing thousands of electric buses across the country. “To optimise procurement while reducing expenses, EESL uses a demand aggregation approach. As a product, E-bus operators throughout the nation may now operate profitably, ” stated Kapoor. During a webinar with a few CEOs, Vishal Kapoor discussed the projects, their outcomes, and their future objectives. He stated that EESL and CESL both emphasise the critical role that public-private partnerships have played in India's electrification revolution." By integrating government initiatives with private sector innovation and investment, they highlight the effectiveness of this collaborative approach," stated Vishal Kapoor. India's aspirational goal is to have 30% of electric vehicles on the road by 2030. As a result, it is anticipated that 346 million tonnes of CO2 emissions and 474 million fewer types of oil imports will occur. Programmes and regulations like FAME (rapid adoption and manufacture of hybrid and electric cars) are helping to fulfil this objective. Remarkably. With 6,500 active public charging stations as of March 2023, the country is strengthening its EV infrastructure. The two- and three-wheeler categories account for over 80% of all EV sales in 2023. Officials claim that partnerships with international partners spur innovation and provide bespoke solutions that perfectly meet India's specific needs, from buttery switching to smart charging networks.&nbsp;Sustainable public transit is anticipated to be advanced by the national electric bus initiative. This is in line with India's environmentally aware goal of a more eco-friendly and productive period for public transit.

The state government is creating over 400 charging stations for electric vehicles in a variety of locations in an effort to promote an atmosphere that is favourable to electric mobility

Gov employees to receive EV 2-wheeler 

Andhra State government employees likely to receive EV 2-wheeler on EMI

In the Indian market, Jeep India, a division of the Stellantis automobile business, is giving electric vehicles a lot of attention. As it strives to complete its strategy for the domestic market, the corporation is now evaluating a range of choices.&nbsp; Additionally, Jeep India has the objective of localising its small SUV, the Jeep Compass, to more than 90% during the following three years. Through a 50:50 joint venture with Tata Motors, the company has a production facility in Ranjangaon, a district of Pune. We are now researching electrification options for automobiles since the consumer is always at the core of our work and his or her wants must be addressed. Globally, the <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a> portfolio has significantly increased. Aditya Jairaj, Head of Jeep India Operations and Deputy Managing Director of Stellantis India told PTI on the sidelines of the launch of the new Jeep Compass nine-speed Diesel in a 4x2 configuration on Saturday that "We are evaluating various options for India." The car was created and introduced only in India. He emphasised the relevance of electrification in Jeep's Indian operations and said it is a main focus, despite the fact that the business is still working to complete its EV plan. The corporation wants to boost localization for the following generation of goods by 40% from the present level of 70%. This enhanced localisation is crucial and reflects one of the company's main priorities. In addition to localising for India, he added, "India must also localise for the rest of the world." Additionally, he emphasised how important exports will be to the company's long-term plan. Exporting gives businesses an advantage over rivals in terms of cost-effectiveness in addition to helping them scale their operations. Compass, Meridian, Wrangler, and Grand Cherokee are the four vehicles that makeup Jeep India's current product line. The firm sells the Jeep Compass and Jeep Meridian among others to markets in Japan and Australia. These automobiles are currently being sent to industrialised nations including Japan, Australia, and New Zealand.

 Jeep India has the objective of localizing its small SUV, the Jeep Compass, to more than 90% during the following three years. Through a 50:50 joint venture with Tata Motors, the company has a production facility in Pune.

Jeep India focuses its attention on EV 

Jeep India focuses its attention on electric vehicles: Plans for 90% localisation 

A new premium <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV</a> product, the X, has been presented by <a href="https://evindia.online/company/tvs" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">TVS Motor Company</a> for the Indian market after the company debuted its first electric scooter, the iQube, in 2020. Priced at INR 2,49,990 (ex-showroom, Bengaluru) and described as a 'crossover' between an <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric scooter</a> and a <a href="https://evindia.online/bike" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">motorbike</a>, X is not eligible for FAME subsidy. The new <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">two-wheeler </a>comes with a 4.44kWh twin battery pack. A turning point in TVS's made-in-India journey has been reached with this launch. At the inaugural ceremony held in the United Arab Emirates (UAE) on Wednesday, Sudarshan Venu, Managing Director, TVS Motor Company, stated that X has been created for "global citizens, who are trendsetters and visionaries with an enthusiasm for technology." With X, TVS hopes to improve its globalisation plan and put more of an emphasis on foreign markets. In keeping with this, a new two-wheeler was unveiled in Dubai while facing the Burj Khalifa. The world's tallest structure briefly lighted up as the business unveiled the car to highlight the EV. Latin America, the Middle East, Europe, and Southeast Asia are among the countries X is aiming to sell its products abroad. Next fiscal year, exports are anticipated to start. From the ground up, TVS built X on the brand-new platform 'Xleton'. Internally created components include the software architecture, infotainment system, electric motor, and Battery Management System (BMS). The firm, situated in Chennai, claimed to have invested INR 250 crore in this initiative and has ambitions to create over 100 new EVs every day.

With X, TVS hopes to improve its globalisation plan and put more of an emphasis on foreign markets. In keeping with this, a new two-wheeler was unveiled in Dubai while facing the Burj Khalifa.

TVS Motor unveils X EV 

TVS Motor unveils X EV in India, aspire to acquire  significant share in global markets 

Log9 Materials, a startup in the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0);">EV </a>battery industry based in Jakkur, Bengaluru, has opened the nation's first commercial lithium-ion cell production plant. The new EV call manufacturing line will produce LTO and LFP cells and initially has a 50 MWh capacity.&nbsp;The new production line can produce large form factor cylindrical cells in the 22 Series to 66 Series range. According to Log9's five-year cell manufacturing timeline, the LTO TIB cells will help reduce carbon emissions by 90T per vehicle for a total annual CO2 reduction of 147 KT.Dr. Akshay Singhal, co-founder and CEO of Log9 Materials spoke at the occasion and stated, "We are extremely proud to commission India's first commercial Li-ion cell production line on the second Day Zero. We take this opportunity to inform you that Log has installed about 3000 batteries in electric vehicles that have traveled approximately 5.5 million kilometers. Additionally, Log has increased its presence in more than 20 cities around the nation, including Delhi, Bangalore, Chennai, etc.Singhal further said, "Our cells are developed from the bottom up in India, for India; to fit Indian operating circumstances, environment, and consumers, and are thus going to play a major part in making India self-reliant while assisting the country in realizing its ambitious electric mobility goal.

The new EV call manufacturing line will produce LTO and LFP cells and initially has a 50 MWh capacity.

 India opens the nation's first commercial lithium-ion cell production plan

India welcomes its first lithium-ion battery manufacturing facility

After experiencing a protracted difficult period due to the COVID-19 aftermath as the world struggled with supply issues, particularly semiconductors, <a href="https://www.bajajauto.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">Bajaj Auto</a> has shown improvement in its operations in the month of March. Rakesh Sharma, Executive Director of Bajaj Auto, claims that the company's revenue peaked in February 2023. He claimed that "we probably hit the bottom in February and started to see recovery in March." Citing Sharma, CNBC-TV18 reported this information as well as the fact that demand for Bajaj Auto's products is increasing, which is positive news for the business. “Demand is increasing again”, he declared. This recovery includes the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">electric vehicle</a> (EV) market as well as conventional gasoline-powered cars. In March 2023, Bajaj Auto's <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">electric car</a> segment experienced strong sales, and the business is upbeat about the future. Sharma claims that the business intends to offer 10,000 electric vehicle units per month at some point in the upcoming three to six months, which is a significant goal in India's expanding <a href="https://evindia.online/companies" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">EV market</a>. "March was a fantastic month for us. Between February and March, there was almost a three-fold increase in the number of retail sales + bookings that we had gotten. As the year goes on, we observe figures at 10,000 or higher.&nbsp; It is challenging to predict with certainty which month this will take place. We were producing 3,000–3,500 pieces, but there will be a ramp-up period before we reach 10,000. Therefore, in the near future, over the course of the next three to six months, there will be that kind of build-up, he said. Nigeria, the biggest export market for Bajaj Auto, has also experienced a remarkable turnaround recently. In March 2023, the business sold 24,000 units in Nigeria, which is a significant sign of the market's recovery."In February, we sold 4,000 units in Nigeria; typically, we ship 50,000 units there throughout the year, but in March, we sold almost 24,000 units. He claimed that a large part of it was because the new administration had made it possible to use outdated banknotes. Moreover, over the past month, Bajaj Auto stock has increased by about 8%.

 Bajaj Auto has shown improvement in its operations in the month of March

In March 2023, Bajaj sells 24000 units of EV in Nigeria

Export of Bajaj Auto revives as EV sales accelerate

The research stated that Tamil Nadu might allow the establishment of significant technology nerve centres along the corridor, joining the designated cities in the strategy, in addition to the previously proposed EV park in Hosur and Manalur  | EV Marketplace

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Focus on EV industry may take TN to $1-trillion economy: Report

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