The LifePO4 battery technology that will be included with the MX9 electric bike

mXmoto plans to launch high-speed e-bike MX9 in India 

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There are several <a href="https://evindia.online/bike" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">electric two-wheeler</a> manufacturers in the Indian vehicle sector, and the majority of these new businesses are riding the <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">electric vehicle</a> wave across the nation. The mXmoto, the newest player in the market, will start off by releasing the MX9 electric motorbike in July. Marcello Silva, a renowned designer and artist, created the bike in Europe.&nbsp;The manufacturing facility owned by the firm is located in Gurugram and has an annual production capacity of 3,000 to 4,000 electric automobiles. The business intends to gradually roll out more affordable electric scooters around the nation. Rajendra Malhotra, the managing director of mXmoto, stated that “The company's objective is to provide high-performance electric automobiles to the general public at a reasonable price.” The LifePO4 battery technology that will be included with the MX9 electric bike is said to provide a high level of safety. Additionally, it will lengthen ride times and battery range, making it a useful vehicle for both short trips and everyday commuting.&nbsp;

The manufacturing facility owned by the firm is located in Gurugram and has an annual production capacity of 3,000 to 4,000 electric automobiles

Prashant

MyTVS, a digital automotive aftermarket platform, has announced the launch of its pan-India 'Mobility-as-a-Service' (MaaS) platform for last-mile electric automobile fleet operators. According to the firm, the newly announced platform will bring together all ecosystem participants, including original equipment makers, to deliver a comprehensive variety of services across the full EV fleet life cycle. G. Srinivasa Raghavan, Managing Director of myTVS, stated, "The quick commerce companies are exploring electric vehicle fleets to optimise costs and meet their sustainability goals, and myTVS is well-positioned to lead this transition," the Moneycontrol reported. The Chennai-based company, which is part of the TVS Mobility Group, will also add 10,000 electric two-wheelers to its fleet by March of next year for this operation. It has also teamed with MoEVing, an EV-based logistics startup, to launch Mobility-as-a-Service (MaaS), which will provide end-to-end vehicle management solutions. He further stated, "In the e-commerce sector, there is a possibility to electrify 10 lakh automobiles within the next 5-10 years.” Citing Raghavan the Moneycontrol reported that there is an immediate requirement to complete at least 10,000 automobiles by March. "The 10,000 vehicles will be electric two-wheelers," the politician said. Talking about the investment necessary to add those new vehicles, he stated that it will range between Rs 100 crore and Rs 150 crore, which will be made by group business TVS Vehicle Mobility alone or with partners. He also stated that the business has begun with the initial distribution of 250 electric two-wheelers and around 50 light commercial vehicles.

The Chennai-based company, which is part of the TVS Mobility Group, will also add 10,000 electric two-wheelers to its fleet by March of next year for this operation

myTVS to unveil mobility-as-a-service platform

myTVS is all set to unveil mobility-as-a-service platform

Ather Energy, an electric two-wheeler manufacturer, on Wednesday, announced a partnership with Google to provide real-time availability information on two-wheeler fast charging stations to electric vehicle customers. The agreement would enable EV customers using the official Indian EV charging connection standard, Light Electric Combined Charging System, on their two-wheelers to locate 'Ather Grid' fast chargers on Google, with comprehensive live status updates, according to a report by PTI. Following the partnership, users can locate chargers with LECCS by searching 'EV charger near me’ or 'charging stations' on Google Maps, citing the company PTI reported. The company also highlighted that they will keep on updating the data with the establishment of new chargers. As per Ather Energy, Ather Grid's fast-charging network for electric two-wheelers is based on the indigenously created LECCS, which the Bureau of Indian Standards has certified for nationwide use. To develop a global standard through interoperability, the new standard was introduced last year, opening the path for further adoption of electric vehicles in the nation. Further, Ather Energy said that 1,973 fast chargers are already available to the public as of March 30, 2024.

Users can locate chargers with LECCS by searching 'EV charger near me’ or 'charging stations' on Google Maps. The company highlighted that they will keep on updating the data with the establishment of new chargers.

Ather Energy join hands with Google

Ather Energy join hands with Google to ease finding two-wheeler EV charging station

The Bangalore Electricity Supply Company (Bescom) plans to install EV charging stations on the grounds of Agricultural Produce &amp; Market Committees (APMCs) in Karnataka in an effort to encourage the adoption of electric vehicles (EVs) throughout the state. As directed by the Ministry of Power, Bescom, the State's nodal agency for EV adoption, is installing 1,190 EV charging stations throughout Karnataka. “We are using a public-private partnership (PPP) approach to install charging stations on government agencies' property, with money shared between the investor and the agency. "We aim to place them in locations with higher pedestrian traffic, such as the Deputy Commissioner's office, APMC, and so on," a senior Bescom representative stated.&nbsp; In addition to being more extensively distributed in locations outside of Bengaluru, the charging stations would be installed in 411 sub-markets that fall under the 167 main APMC premises. With nine APMCs in Tumakuru, eight in Mysuru, seven in Shivamogga, and five in Dakshina Kannada, they will be positioned in greater numbers in these districts. Bescom executives feel that these APMC stations can encourage car drivers to have more environmentally friendly thoughts, even if EVs have not been able to advance in rural markets as well as they have in urban ones. “In areas like Kalaburagi, Raichur, and Yadgir that are under the Gulbarga Electricity Supply Company (Gescom), there is very little EV penetration. Many will purchase electric autorickshaws and two-wheelers once the necessary infrastructure is in place," the official said. Now that two-wheeler EVs are being offered by several manufacturers at reduced costs, the official speculated that this might encourage more people to drive EVs&nbsp; The stations will likely be put into service within the next six months, even though the land survey is still ongoing. Tenders have already been let out for 585 charging stations spread throughout nine districts, out of the 1,190 that are being installed. Officials said the invitation to offer for the other 605 stations will come soon.&nbsp;

"Many will purchase electric autorickshaws and two-wheelers once the necessary infrastructure is in place," the official said

Bescom to establish EV charging stations

Bescom to establish EV charging stations at state’s APMCs

Prashant Sha

Electric vehicle startup Okaya EV has launched its Motofaast e-scooter in the Indian market, and described the 2-wheeler as a ‘fusion between a scooter and a motorcycle.’&nbsp; "We have come to understand that, in addition to safety, our customers are seeking an array of advanced features. This has inspired us to introduce the ‘Scoobike’ with high-end features, to offer our customers the safest and most comfortable ride possible. We aim to provide the latest and safest technology, whether in terms of batteries or feature enhancements,” HT Auto quoted Dr. Anshul Gupta, MD, Okaya Electric Vehicles, as saying. Motofaast has been offered a price of ₹136,999 (ex-showroom) by the company. Additionally, reservations are now being accepted for a nominal fee of ₹2500. Meanwhile, deliveries will start the following month, with Jaipur and Delhi first. Rechargeable The EV's dual battery system, which has a total 3.53 kWh capacity, was installed by the manufacturer. The battery pack, which employs lithium iron phosphate (LFP) technology, requires 4-5 hours to fully charge the model. Okaya states that the e-scooter can go between 110 and 130 kilometers at a maximum speed of 70 kmph. There are three riding modes available as well: Eco, City, and Sports. In terms of features, Motofaast boasts a 7-inch touchscreen infotainment system with 3 GB of RAM and a 2 GHz processor. It also includes car statistics, GPS navigation, and support for the Okaya EV application. Colors: Black, Cyan, Matt Green, Red, Rusty White, Silver, and White are the seven color possibilities available.

 Motofaast has a 7-inch touchscreen infotainment system with 3 GB of RAM and a 2 GHz processor. It also includes car statistics, GPS navigation, and support for the Okaya EV application.

Scooter & bike in one: Okaya EV unviels Scoobike

Okaya EV unviels Motofaast ‘Scoobike’ in India at ₹1.37 lakh

The Delhi government's future EV Policy 2.0 is planned to place a strong emphasis on encouraging vehicle electric power conversions in order to support greener fuel choices. Retrofitting conventional petrol or diesel vehicles with electric motors entails replacing the original engine and associated parts with a different energy source. Though retrofitting can be expensive, according to transport minister Kailash Gahlot, it holds promise for a greener future if costs are reduced. In the upcoming EV policy, the government is looking into measures to encourage retrofitting. Gahlot recognizes that the cost of the retro-fitment kits now, even for entry-level vehicles, ranges from Rs. 4-5 lakh. It might therefore be more practical for expensive cars. The new policy may provide subsidies or other advantages to encourage retrofitting. The government is also thinking about funding this kind of research and development. Gahlot has met with experts and evaluated an Indian Army-used adapted Gypsy vehicle. He has also collaborated with IIT Delhi students who are developing ground-breaking concepts for electric mobility. Retrofitting has potential, according to Archit Fursule, a research associate on e-mobility at Climate Trends, but it will take time for it to become more widely used. Production prices are probably going to go down as demand for retrofitting rises. Fursule emphasizes the necessity of greater funding for R&amp;D, notwithstanding the fact that the whole retro-fitment kit is not yet produced in the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV industry of India</a>. The government wants to make retrofitting more accessible and affordable, even if it isn't currently possible for all automobile models. Delhi intends to use its tight enforcement of NGT norms, which forbid diesel vehicles older than 10 years and petrol vehicles more aged than 15 years, to leverage retrofitting into the policy and invest in research to encourage the use of cleaner fuels. The Delhi government issued an ordinance in June 2020 allowing owners of gasoline and diesel automobiles to modify their vehicles to become electric vehicles. In order to bring customers and organizations participating in the retrofitting process together, it has established a portal.&nbsp; However, there hasn't been much of a response yet. The government seeks to capitalise on its potential by incorporating retro-fitment into the new EV policy and conducting additional studies, especially considering Delhi's commitment to NGT norms.

In the upcoming EV policy, the government is looking into measures to encourage retrofitting. Gahlot recognizes that the cost of the retro-fitment kits now, even for entry-level vehicles, ranges from Rs. 4-5 lakh

EV policy 2.0

Delhi promotes EV retro-fitment: EV policy 2.0

When <a href="https://evindia.online/company/tvs" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">TVS Motors</a> introduces its new electric model in India on Wednesday, the market for <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric scooters</a> will have a new competitor. On social media, the teasers for the new electric scooter have already started to go around, giving some information about the impending vehicle. Four squares piled vertically in the original teaser image led some to believe it was an e-scooter.&nbsp; The teaser displays the speedometer for the new electric scooter. It is easy to see the word "Xonic" at the bottom of the dash. The new EV that will be presented on August 23 may go by this name. The fastest riding mode may be referred to as "Xonic" and there will be other riding modes available.&nbsp; The following teaser displayed the athletic-appearing panels that resembled the Creon-based scooter. Last but not least, the last teaser hinted that the scooter will be loaded with features. The scooter's speedometer reads up to 105 kph, which is faster than 100 kph. The range of the scooter is also hinted at in the teaser. The instrument console shows a range of 63 kilometres at 60% charge. The teaser films claim to upend the current state of electric transportation and shatter milestones. One of the advertisements also highlights capabilities that let you share your live location with friends and family right from the dashboard. Additionally, it offers a daring new form with a tonne of features and thrills. After the 2020 introduction of the TVS iQube Electric, this will be the second electric scooter produced by TVS Motor Company. Since Ola just unveiled its new lineup of scooters and bikes at the Independence Day event at Ola FutureFactory, the electric scooter market has been heating up.

The new EV that will be presented on August 23 may go by the name Xonic. The fastest riding mode may be referred to as "Xonic" and there will be other riding modes available. 

 New TVS Electric Scooter launch

 New TVS Electric Scooter launch: All you need to know

Considering the country's growing <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a> acceptance, German automaker BMW has announced that, the local manufacture of its <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric cars</a> in India is only a matter of time. According to BMW Group India President Vikram Pawah, 9% of the company's sales in the country in the first half of 2023 were made up of electric vehicles, and he anticipates that number to rise to 25% by 2025. When asked about local manufacturing, Pawah responded, "As the volumes expand, as we did with every other product, we'll also localise EVS&nbsp;and manufacture them (locally)". “It's Just a matter of time. The volumes and stability must have some inertia. Positive signals are now emerging. It's still very early...In the first six months, we only delivered 500 vehicles over four models, which is still a tiny number in that regard, but it is certainly expanding quickly,” Pawah stated. BMW currently uses batteries from generation 5 and is developing batteries from generation 6. Therefore, we will decide when is the best moment to localise each one and which one to localise when...It will occur shortly, according to Pahwa. The Indian EV sector, which is home to several small and major EV companies, might benefit from BMW's EV drive. Players like Hyundai and Tata are now present in the Indian EV car industry. By 2025, Ola Electric and Toyota-backed luxury automaker Lexus hope to introduce their first electric vehicles in India. The most recent development coincides with Tesla, which is run by Elon Musk, changing its intentions for India and planning to start making electric vehicles there. <a href="https://evindia.online/news/tela-is-all-set-to-enter-india-ev-may-cost-around-rs20-lakhs" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">(read more)</a>

According to BMW Group India President Vikram Pawah, 9% of the company's sales in the country in the first half of 2023 were made up of electric vehicles, and he anticipates that number to rise to 25% by 2025

 India can soon witness locally manufactured EV: BMW’s President

Greaves Finance Ltd., the non-banking financial company (NBFC) subsidiary of Greaves Cotton Ltd., has recently introduced "evfin," an innovative financial platform aimed at transforming the landscape of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicle</a> (EV) financing and beyond. This move comes at a vital time when the EV business is ready to play a crucial part in the progress to efficient green energy. The domestic EV market is projected to grow at a compound annual growth rate (CAGR) of 49% between 2022 and 2030, as stated in the Economic Survey 2023. According to the survey, India's annual sales of electric vehicles will reach a staggering one crore units by 2030. It is essential to address the entire lifecycle of EV use by consumers in order to accelerate the adoption of electric vehicles and facilitate the transition to sustainable mobility. Recognizing this need, "evfin" has been designed to offer a range of innovative experiences, ensuring an enhanced EV journey throughout the ownership lifecycle by providing accessible and cost-effective financing options. Nagesh Basavanahalli, Vice Chairman of Greaves Cotton Ltd., expressed his enthusiasm for the launch of "evfin" and emphasized the company's commitment to creating a comprehensive ecosystem for diverse last-mile mobility. By introducing this sustainable financing platform on World Environment Day, Greaves Cotton Ltd. is reinforcing its dedication to sustainability and supporting the global efforts towards a greener future. Sandeep Divakaran, ED &amp; CEO of Greaves Finance Ltd., highlighted the significance of "evfin" as India's first consumer finance technology platform fully dedicated to electric mobility and sustainable solutions. With the integration of advanced digital lending capabilities, innovative asset management technology, and a nationwide reach, "evfin" aims to provide an exceptional and tailor-made experience for EV customers. The primary goal is to democratize access to electric vehicles by offering the most cost-effective financing options available in the market. By providing an end-to-end lifecycle experience for EV owners, "evfin" ensures a unique and seamless ownership journey throughout their usage of electric vehicles. <h2>What do we think?</h2> As the demand for electric vehicles continues to rise and the government focuses on promoting clean energy solutions, initiatives like "evfin" play a vital role in supporting the transition to a greener and more sustainable future. Greaves Finance Ltd. is poised to make a significant contribution to this transformative journey by empowering individuals and businesses to embrace electric mobility through their innovative financing platform, "evfin." It is anticipated that the introduction of "evfin" will have a profound effect on the market for <a href="https://evindia.online/company/ampere" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a> (EVs), making electric vehicles more affordable and accessible to a wider range of customers. The sudden hike in EV two wheeler prices due to the introduction of FAME II this year, is also an issue to be addressed by this innovation. By funding difficulties related with electric versatility, Greaves Money Ltd. is adding to the development and advancement of the sustainable transportation ecological system in India. Other companies should take inspiration from this breakthrough and innovate their own NBFC products that can help consumers to afford an EV with ease. By this way, the EV adoption in India will certainly get a boost.

Greaves Finance Ltd., the non-banking financial company (NBFC) subsidiary of Greaves Cotton Ltd., has recently introduced "evfin," an innovative financial platform aimed at transforming the landscape of electric vehicle (EV) financing and beyond. 

Greaves Finances Ltd. Launches Evfin: A New Breakthrough towards EV Adoption

Greaves Finances Ltd. Launches Evfin

Somsubhra Chowdhury

The manufacturing facility owned by the firm is located in Gurugram and has an annual production capacity of 3,000 to 4,000 electric automobiles  | EV Marketplace

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