The PM E-DRIVE initiative, which was launched by the Union Cabinet last week, intends to accelerate EV adoption by providing significant upfront incentives and developing critical charging infrastructure.

India to establish sufficient charging infrastructure to boost EV adoption

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India will provide sufficient charging infrastructure to encourage the widespread adoption of electric vehicles (EVs), Union Heavy Industries Minister H D Kumaraswamy said on Wednesday. The minister stated that the Ministry of Heavy Industries would soon issue e-vouchers for electric vehicle (EV) customers to take advantage of incentives under the recently authorised PM E-DRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) program. According to a report by ANI, While speaking in the seminar on FAME's Success in Transforming India's EV Landscape organised by FICCI and the Ministry of Heavy Industries, the Minister underlined that the government is raming up the charging infrastructure fastly.&nbsp; He stated that the government intends to deploy 10,763 public charging stations nationwide as part of the FAME-II initiative. The use of e-vouchers marks a significant shift in the government's strategy to encourage EV use. "This is a unique new feature of this new scheme," Kumaraswamy stated. He continued, "The modalities of this are in an advanced stage and will be shared with you soon," the ANI report further stated.&nbsp; The PM E-DRIVE initiative, which was launched by the Union Cabinet last week, intends to accelerate EV adoption by providing significant upfront incentives and developing critical charging infrastructure. The new PM E-DRIVE scheme includes several novel elements, such as a dedicated fund of&nbsp;Rs 500 crore to encourage the adoption of electric trucks, an allocation of Rs 500 crore to deploy e-ambulances, and Rs 2,000 crore to install 22,000 fast chargers for electric four-wheelers, 1,800 for e-buses, and 48,400 for e-two and three-wheelers. Regarding the performance of FAME II, Kumaraswamy stated that around 92% of the Rs 11,500 crore allotted under the initiative has been used. The project has also made substantial progress in public transport, with 4,853 e-buses delivered out of a total of 6,862 sanctioned for intra-city operations as of July 31, 2024.

India to establish sufficient charging infrastructure

Prashant

Kia Motors has teased its Indian audience with earlier glimpses of its upcoming EV9 electric SUV. The teaser comes ahead of the vehicle's official launch on Oct. 3. The company is reported to import a completely built-up (CBU) vehicle and offer it as its flagship product. Kia Motors debuted its all-new EV9 concept at the Auto Expo, which was unveiled after a few months on a global level. The vehicle is based on the E-GMP skateboard electric platform and measures 5,010mm in length with a 3,100m wheelbase. Moreover, the EV9 can accommodate 6-7 people. In the overseas market, the Kia EV9 comes in two batteries including a 76.1kWh unit and a larger 99.8kWh unit. The variant with the rear-wheel drive and a single motor provides an EPA-estimated range of 370-489km. Meanwhile, the version with the all-wheel-drive and dual electric motors comes with a range of 435-451km on a single charge. Depending on the variant, the version with single-motor can produce 201hp or 215hp, and apeak torque of 350Nm. Meanwhile, the AWD version produces 379hp and a torque up to 700Nm. The vehicle can accelerate from 0-100kph in just 5.3 seconds before reaching its maximum speed of&nbsp; 200kmph. However, it is still not confirmed whether the company will launch both the RWD and AWD versions in India The EV9, which will be positioned above Kia's current flagship model, the EV6, will be imported directly into India. It will compete with high-end electric SUVs like the Mercedes-Benz EQE SUV, BMW iX1, and Audi Q8 e-tron since its estimated price tag exceeds Rs 1 crore (ex-showroom). On October 3, Kia will also introduce the next-generation Carnival in India together with the EV9.

The Kia EV9 comes in two batteries including a 76.1kWh unit and a larger 99.8kWh unit. The variant with the rear-wheel drive provides a range of 370-489km. Meanwhile, the all-wheel-drive comes with a range of 435-451km on a single charge.

Kia teases with EV9 glimpses 

Kia teases with EV9 glimpses ahead of official launch 

Wings EV, on Friday, announced to launch its all-new electric microcar called Robin. The Indore-based company intends to create a new class of automobiles in the Indian market by launching the electric microcar with a two-seater capacity and manoeuvrability of a motorcycle. Found by a father-son duo, the company intends to launch the Robin in Bengaluru in April 2025. The step is expected to enhance “ reduced congestion, personal commuting with zero pollution, and minimal road space usage,” as per Pranav Dandekar, CEO, and co-founder. According to Stanford University alumnus and PhD candidate in computer science Pranav Dandekar, Robin has passed every safety test run by ARAI Pune, making it safer than any two- or three-wheeler now available on the market.&nbsp; “We aim to sell 3,000 units in the first year, with our Indore plant capable of producing 10,000 units annually,” citing Dandekar, the machine maker reported. The CEO of Wings EV said that the company has raised money from a number of sources, including Venture Highway and several well-known angel investors from Silicon Valley and India. Dandekar, who worked in Silicon Valley for 17 years, added that the business did more than 300 test drives in Bengaluru and conducted user research in six Indian cities. Before becoming national, Robin would first be launched in Chennai, Hyderabad, or Pune later in 2025. "We intend to begin shipping in April 2025. We can see what our first manufacturing batch will look like based on the orders we now have. We could think about establishing a production facility there if there is a lot of demand in the southern markets,” Dandekar said. Robin is scheduled to be available in three different variants including a basic 65 km range non-AC model priced at ₹2 lakh (ex-showroom), a mid variant with a fan and 90 km range priced at ₹2.5 lakh, and a luxury variant priced at ₹3 lakh that comes with a 90 km range, AC, and proprietary auditory alarm systems for increased safety. With most flyovers lying between 3 and 4 degrees, the fully loaded Robin can climb a 12-degree rise, surpassing the necessary 7 degrees, as reported by Dandekar. India buys more than 18 million motorcycles a year, according to Wings EV co-founder and CTO Prakash Dandekar. "A large percentage of two-wheeler buyers may switch to two-seater microcars in the next 15 to 20 years," stated the CTO, who formerly oversaw Tata Technologies' Embedded Systems and Telematics Division. He also mentioned that Robin has a drive-by-wire powertrain, which is comparable to the fly-by-wire systems seen in cutting-edge aeroplanes.

Robin is scheduled to be available in three different variants including a basic 65 km range priced at ₹2 lakh (ex-showroom), a mid variant and 90 km range priced at ₹2.5 lakh, and a luxury variant priced at ₹3 lakh that comes with a 90 km range.

Wings EV to unveil ‘India’s First Electric Micro-Car’

Wings EV all set to unveil ‘India’s First Electric Micro-Car’

The Bajaj Chetak electric scooter on Monday announced that the company has crossed the 2 lakh-unit sales mark, with 16,691 units sold in June 2024, making it the company’s biggest monthly sales.&nbsp; Demand didn't really take off until FY2024, despite poor sales up to March 2023. The COVID-19 pandemic was one of the reasons for this slowdown. The globe and the automobile industry came to a complete stop two months before the Chetak was introduced.&nbsp; Initially, the scooter was only available in Pune and Bengaluru and was offered through KTM showrooms.&nbsp; As a result, the company recorded very little sales as expected. Only 1,587 units were sold in the first fifteen months. However, Chetak sales numbers increased to 31,485 units in the previous fiscal year, despite FY2022 seeing total sales of 8,187 units. Bajaj Auto completely redesigned the Chetak lineup with the introduction of two new versions including the entry-level 2901 (Rs 95,998) and the mid-tier Urbane (Rs 1.23 lakh) in addition to the updated range-topping Premium model (Rs 1.47 lakh). In terms of retail, Ola Electric continues to control the market by a wide margin despite not being listed among SIAM member businesses. According to SIAM wholesales data, Bajaj Chetak sold 1,15,627 units in FY2024 taking a lead by 7,733 than Ather Energy (1,07,894 units). Meanwhile, the company fell short by&nbsp;74,269 sales to overcome TVS Motor Co (1,89,896 units). Sales of 40,854 Chetaks during the first quarter of FY2025 have been good for Bajaj Auto which shows an increase of 96% year over year (April–June 2023: 20,834 units). The present difference with the TVS iQube (Q1 FY2025: 49,164 units) is just 8,310 units.

According to SIAM wholesales data, Bajaj Chetak sold 1,15,627 units in FY2024 taking a lead by 7,733 than Ather Energy (1,07,894 units).

Bajaj Chetak achieves 2 lakh EV sales milestone

16,691 electric scooters sold: Bajaj Chetak achieves 2 lakh EV sales milestone

Finance Minister Nirmala Sitharaman in the budget speech of the Modi 3.0 administration for 2023, advocated a complete exemption from customs duties on critical minerals like cobalt and lithium, which are essential components of electric vehicle batteries. During her budget presentation, FM said, "Minerals like lithium, copper, cobalt, and rare earth elements are critical for sectors like nuclear energy, renewable energy, space, defence, telecommunications, and high-tech electronics." "I propose to lower BCD (Basic Customs Duty) on two of these minerals and totally exempt customs taxes on 25 important minerals. This would significantly speed up the extraction, processing, and refinement of these minerals and ensure their supply for these vital and critical industries," she further said.&nbsp; She also stated, "To reduce their cost of production, I propose to remove the BCD on ferro nickel and blister copper," highlighting the importance of steel and copper as raw materials. Additionally, I'm keeping my concessional BCD of 2.5 percent on copper scrap and zero BCD on ferrous scrap and nickel cathode." The budget speech further read, “We will set up a Critical Mineral Mission for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets. Its mandate will include technology development, a skilled workforce, extended producer responsibility framework, and a suitable financing mechanism” Industry participants believe that the Finance Minister's action is crucial and will significantly reduce battery cell production costs, which will immediately translate into more reasonably priced electric cars (EVs) for customers.&nbsp; "EV batteries will become more affordable overall as a result of lower production costs, increasing the economic viability of electric vehicles. This initiative not only supports the growth of the EV industry but also reinforces India's commitment to sustainable mobility solutions," Pratik Kamdar, CEO &amp; Co-Founder of Neurone Energy said.

FM proposes to lower Basic Customs Duty on two critical minerals and exempt customs taxes on 25 important minerals. This would speed up the extraction, processing, and refinement of these minerals and ensure their supply for critical industries

Government to especially focus on critical minerals for EVs

Budget 2024: Government to especially focus on critical minerals for EVs

Automotive manufacturers and <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV</a> followers in India are anticipating big changes from the government to encourage the uptake of electric vehicles in India as the entire nation waits for the Budget 2024. Lately, the government has been able to significantly increase the adoption of electric vehicles in India because of the FAME incentives.&nbsp; Last month, several initiatives to promote the nation's adoption of EVs have been endorsed by the Parliamentary Standing Committee on Industry. One such initiative was the three-year extension of the FAME-2 (Faster Adoption and Manufacturing of Electric Vehicles) (FAME-II) programme. The committee stressed in its report on the promotion of electric vehicles that private four-wheelers and quadricycles should be included in the programme in addition to EV mandates for the public transportation, distribution, and logistics sectors. To encourage electric transportation, the Ministry of Heavy Industries (MHI) has also suggested extending the duration of FAME-II and broadening its purview. The committee recommends setting a timeline for requiring all vehicles in the nation to be electric to transition to a carbon-neutral transportation sector. These reports alongside different ease-of-doing-business initiatives like the Jan Vishwash Act are likely to promote EV manufacturing and adoption rate in India. However, the extension of the FAME-2 policy while increasing its range of vehicles will require a significant monetary upliftment that is expected to be seen in the upcoming budget.&nbsp; Meanwhile, standing on the idea of “minimum government, maximum governance” the government may continue the existing structure by creating more prospects for private investment in the EV industry. In the third case scenario, If the incentives are lowered, the significant increase in EV prices may discourage any buyer hoping to purchase a new electric vehicle. Additionally, there has been a steady improvement in the uptake of electric automobiles, particularly in Tier 1 cities like Delhi, Bangalore, and Mumbai. In light of this, a lot of manufacturers think the government in India won't cut back on or eliminate FAME incentives for electric vehicles. Furthermore, a lot of people anticipate that the government will keep running its present subsidy programmes, although with a few little adjustments. Additionally, it is anticipated that the government will launch several programmes that will assist EV manufacturers that strive to use a greater number of made-in-India components in an effort to encourage the production of the vehicle’s batteries and componentry in India. By implementing such programmes, the government hopes to encourage more electric vehicle manufacturers to invest in India, create jobs, and lower the total cost of producing EVs in the nation. Nevertheless, it is not expected that luxury electric vehicles will get any subsidies as this will increase the government's workload and have little influence on the vehicles' overall efficacy. Government subsidies are a major factor that many manufacturers are counting on to draw in new electric vehicle customers. Therefore, lowering taxes on EV parts can assist EV manufacturers in cutting manufacturing costs overall and offering more appealing pricing for the finished product. Additionally, rewarding EV manufacturers who employ components manufactured in India would encourage additional EV manufacturers to do the same. Additionally advantageous to the consumer will be the possibility of cheaper EV parts.

Lowering taxes on EV parts can assist EV manufacturers in cutting manufacturing costs overall and offering more appealing pricing for the finished product.

EV manufacturing companies expect subsidies

Budget 2024: EV manufacturing companies expect subsidies to promote EV adoption

On August 3, Mahindra &amp; Mahindra told the stock markets that Temasek Holdings Pvt Limited, Singapore's sovereign wealth fund, will invest up to Rs 1,200 crore in its electric vehicle business, with a potential value of up to Rs 80,580 crore. According to the regulatory filing, Temasek would hold a fully diluted share in MEAL (Mahindra Electric Automobile Limited), M&amp;M's <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a> company, after the transaction, ranging from 1.49 to 2.97 per cent. A worldwide investment firm, Temasek Holdings has a net portfolio value of $287 billion as of March 31, 2023. The manufacturer claimed that the investment will increase the worth of Mahindra's EV business by 15%, from up to Rs 70,070 crore to up to Rs 80,580 crore.&nbsp;"These renowned investors' extensive worldwide expertise will be helpful to MEAL. The Mahindra Group's objective to reduce dilution is commensurate with the amount spent, it added. Anish Shah, MD and CEO of Mahindra &amp; Mahindra Ltd. commented on the agreement, saying, "We are incredibly thrilled to have Temasek as a partner in our electric SUV adventure. The valuation of up to $9.8 billion is evidence of Mahindra's success in the electric vehicle market and of our efforts to expand our line of electric SUVs. "By having Temasek as a shareholder, we enhanced our global cooperation and aim to reach 20% to 30% of Mahindra SUV sales from electric vehicles by 2030," noted Rajesh Jejurikar, Executive Director and CEO of Auto &amp; Farm Sectors, Mahindra &amp; Mahindra. On Thursday, shares of Mahindra &amp; Mahindra traded 1.08 per cent down at Rs 1,469.75 a share on the BSE at 1:15 pm. The global investment giant recently said in an exclusive interview with Moneycontrol that it plans to invest up to $10 billion in India over the next three years as it hedges against stable government policy, enticing demographics, and elite entrepreneurs. This comes after the $2 billion purchase of the controlling stake in Dr Ranjan Pai's Manipal Hospitals, which was just closed, was the largest private investment deal in the Indian healthcare sector.

The manufacturer claimed that the investment will increase the worth of Mahindra's EV business by 15%, from up to Rs 70,070 crore to up to Rs 80,580 crore.

Temasek acquire 3 % stake in M&M’s EV company

Temasek acquire 3 % stake in M&M’s EV company by investing up to Rs 1,200 crore 

China's BYD Co. has submitted a $1 billion investment proposal to develop electric vehicles and batteries in India in collaboration with a local firm, citing three resources Reuters reported. The persons, who asked to remain anonymous since the application is personal, stated that BYD and Megha Engineering and Infrastructures, a privately held company with its headquarters in Hyderabad, had submitted a request to Indian authorities for the creation of an <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">EV </a>joint venture. The report added that the long-term goal is to produce a whole range of BYD-brand EVs in India, ranging from hatchbacks to luxury vehicles. The biggest EV and plug-in hybrid vehicle manufacturer in the world, BYD, did not reply to a request for comment right away. In the past, the business stated that it intended to establish production in India, the third-largest automotive market in the world today. An inquiry for comment was not immediately answered by the Indian ministries of commerce and heavy industries. To compete with Tesla, which still dominates the market for EVs alone, BYD is rapidly expanding globally, including a drive into India. With the exception of the United States, all of the main global auto markets would have a BYD presence if the India investment were to be authorised. After putting its market entry efforts on hold last year after failing to achieve reduced import tax levies in negotiations with authorities, Tesla recently resumed talks with India's government. BYD aims to introduce its Seal premium <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">electric car </a>this year after previously investing $200 million in India, where it sells the Atto 3 electric SUV and the e6 EV to corporate fleets. However, the anticipated total manufacturing capacity of BYD wasn't immediately clear. The manufacturer of Blade batteries and completed EVs has aspirations to ramp up to manufacturing 100,000 EVs yearly in India over the course of a few years, but one of the individuals predicted that it will likely start by bringing vehicles in as components for assembly in the nation while it works to establish a supply chain. According to the sources, the investment proposal also outlines BYD and Megha's plans to establish charging stations in India as well as research, development, and training facilities.

 BYD and Megha Engineering and Infrastructures, a privately held company with its headquarters in Hyderabad, had submitted a request to Indian authorities for the creation of an EV joint venture

BYD plans to invest $1 billion in India

BYD plans to invest $1 billion in India to produce EVs and batteries

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

The PM E-DRIVE initiative, which was launched by the Union Cabinet last week, intends to accelerate EV adoption by providing significant upfront incentives and developing critical charging infrastructure.  | EV Marketplace

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India to establish sufficient charging infrastructure to boost EV adoption

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