The government in April unveiled a new electric vehicle (EV) policy, requiring multinational automakers to establish manufacturing facilities in India with a minimum investment of ₹4,150 crore ($500 million) over three years. 

New EV policy unfit for Jaguar Land Rover: Tata Motors

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The Indian government's new electric vehicle policy is unfit for Jaguar Land Rover, Tata Motors Group CFO P Balaji told reporters on Thursday. Balaji claims that the corporation would boost JLR's localisation as its volume increases. “As far as JLR India's ambitions are concerned, I believe the company is expanding rapidly. We have seen a significant increase in orders after we have localised the production of Range Rover and Range Rover Sport. Thus, we would like to continue localising as much as volumes increase. And we will certainly consider that if the policy environment is something we can influence. It is not appropriate for us to implement that particular policy at this time. So, at this moment, we don't plan to take benefits of it,” says Balaji. “In the meantime, we'll keep an eye out for chances for CKD (completely knocked down units) manufacturing to make sure we can benefit from the 15% customs duty without taking on any more duties related to localisation or bank guarantees. We also kept the multi-vendor system in place for the successful ones. Operation is more appealing at this time, considering our size and scope in India," he continues.&nbsp; The government in April unveiled a new electric vehicle (EV) policy, requiring multinational automakers to establish manufacturing facilities in India with a minimum investment of ₹4,150 crore ($500 million) over three years. Further, the policy requires the companies to achieve 50% domestic value addition (DVA) within a maximum period of five years. The policy also mentions that a five-year period of 15% customs duty would be applicable. In the meanwhile, Tata Motors said that its net profit increased from 72.43% to ₹5,692 crore in the first quarter of FY25, compared to ₹3,301 crore in the same period last year. Moreover, the company's quarterly operating revenue increased 13% to ₹1.08 lakh crore compared to Rs 1.02 lakh crore during the same time in the previous year. Regarding JLR, the firm had a 31% year-over-year increase in sales, with 1,371 units sold in Q1. Balaji states that the business expects some production constraints as a result of the UK factory closure and the problems with the supply chain for aluminium. By FY28, the business plans to invest ₹1.9 trillion in its JLR portfolio.&nbsp;

New EV policy unfit for Jaguar Land Rover:

Prashant

MG Motor has debuted its latest electric car, the MG Windsor EV, in India on Wednesday. Priced at Rs 9.9 lakh (ex-showroom), this is MG's third foray into the electric vehicle (EV) industry. The MG Windsor EV comes with a 38 kWh lithium-ion battery pack that provides an amazing range of 331 km on a single charge. The car also has a lifetime battery guarantee, which applies solely to the initial owner. To increase convenience, MG is offering a year of free charging at its charging stations. The Windsor EV has more than 35 safety measures, including six airbags. Inside, it has a business-class air with plenty of room, including a 604-litre boot. The automobile has Bluetooth keyless entry and ignition, clever flush door handles, and 18-inch diamond-cut alloy wheels. It also contains MG i-Smart, which has more than 80 linked capabilities. The vehicle’s booking will start from October 3 and the delivery of the Windsor EV is reported to begin from October 12.

The MG Windsor EV comes with a 38 kWh lithium-ion battery pack that provides an amazing range of 331 km on a single charge. The car also has a lifetime battery guarantee, which applies solely to the initial owner.

MG launches Windsor EV

MG launches Windsor EV: Price, Range, Features, All You Need To Know

Despite declining demand in Europe, global sales of fully electric and plug-in hybrid vehicles increased by 21% globally in July, according to market research firm Rho Motion. The report further signals that the gain was mostly attributed to China, which has seen the greatest growth this year. According to Rho Motion data manager Charles Lester, MG Motor, a subsidiary of China's SAIC Motor Corp, anticipates becoming the most negatively impacted company in the European Union by the temporary tariffs placed on EV imports from China. Lester stated that BYD, a Chinese electric vehicle behemoth with a minimal footprint in Europe, and Tesla, which can build at its Berlin facility, should be less affected by the taxes. According to the report, the number of EVs sold globally in July was 1.35 million among which 0.88 million were reported to be sold in China recording an increase of sales by 31% from the previous year. These vehicles can be completely electric (BEV) or plug-in hybrids (PHEV). In the first half of 2024, PHEV sales in China increased by 70% over the previous year. The largest EV manufacturer in the world, BYD, China, recorded gains in its global sales of PHEVs and BEVs over the same time of 13% and 44%, respectively. In Europe, monthly sales decreased 7.8% in July compared to 2023 year-to-date data. Germany, the EU's largest EV market, had a 12% decline in sales in the seven months leading up to July. EV sales increased 7.1% in July in both the US and Canada. "BYD continued to have record sales of plug-in hybrids again this month, which is a key contributor as they have a large volume of vehicles that they sell", Lester said to Reuters. Lester said that battery-powered hybrid cars with on-board generators for recharging, often known as range extender vehicles, are also selling well. Provisional tariffs on Chinese-made electric vehicle imports were enforced by the European Union in July. As per the EU, BYD is responsible for 17.4%, Geely for 19.9%, and SAIC for 37.6%.

The number of EVs sold globally in July was 1.35 million among which 0.88 million were reported to be sold in China recording an increase of sales by 31% from the previous year. 

EV sales increase 21% globally

EV sales increase 21% globally: China records highest figures

MG Motor India is all set to introduce the Cloud EV, its third all-electric vehicle. Following the introduction of the EV into the Indian market, it will be marketed under the name "Windsor EV." Last month, the company submitted its application for nametag's trademark a The crossover MG Windsor EV has four doors and an LED light bar with independent headlamp pods up front. It has an integrated stop lamp in the roof spoiler and wraparound LED taillights with L-shaped decorations. The MG Windsor EV is supposed to provide sedan-like comfort inside. It will include two-spoke multifunction steering, a panoramic sunroof, and twin displays for the instrument cluster and infotainment system. MG provides two battery choices for the Cloud EV in the international market: a 37.9 kWh battery with 360 km of range and a 50.6 kWh battery with 460 km of range. The India-spec Windsor EV's technical specifications have not yet been made public by MG.

The crossover MG Windsor EV has four doors and an LED light bar with independent headlamp pods up front. It has an integrated stop lamp in the roof spoiler and wraparound LED taillights with L-shaped decorations.

Cloud EV to go on sale with the name of MG Windsor EV

Cloud EV to go on sale with the name of MG Windsor EV in Indian EV industry

TVS Motor Company (TVSM) - a leading global automaker that operates in the two and three-wheeler segments - showcased a suite of its&nbsp;made in India, made for the world&nbsp;mobility solutions to the&nbsp;Hon’ble Prime Minister of India&nbsp;at the Bharat Mobility Global Expo 2024. The Company exports close to $1 billion, 30% of its annual volume, and has a presence in 80 countries – a testimony to India’s engineering and technological prowess, a celebration of&nbsp;Atmanirbhar Bharat. The company’s focus on clean, connected, and technologically advanced mobility solutions will further support Atmanirbhar Bharat and take its exports share to 50% in the next few years. Sudarshan Venu, Managing Director, TVS Motor Company thanked the Prime Minister for his visionary leadership and making India the fastest growing large economy. He reiterated the company’s commitment to invest&nbsp;INR 5,000 crores (USD 600 MN) towards the design, development and deployment of future technologies, products, and digital capabilities. TVSM is the only OEM in India to have end-to-end inhouse EV and connected capabilities including battery manufacturing, battery management system, vehicle control unit and infotainment systems. It has more than 650 EV related patents, with 2,000+ engineers working on advanced technologies such as material science, electric powertrain, and data science. Its leading the industry in cutting edge smart connectivity and digital technologies. The company recently launched TVS X – the world’s most advanced connected, electric scooter is a demonstration of its research and engineering capability. TVS iQube – its flagship electric scooter, already has 250,000 customers.&nbsp;Sudarshan Venu, who spent the day at the Expo, said, “We are honoured and very energised by the Prime Minister’s interest in our company’s roadmap. Thanks to the Prime Minister’s leadership and the supportive policy environment created by the Government, India has become a hotbed for innovation and a global manufacturing base. TVS Motor is excited to be playing its part in this journey. Our core is engineering and R&amp;D, and this is driven by 2,000+ passionate engineers backed by solid design and development capability. Our vision is to transform the quality of life of our customers, and redefine the future of mobility with technology, connectivity, and cutting edge design.”&nbsp;&nbsp;TVSM at the Bharat Mobility Expo has for the first time&nbsp;put on display, Norton motorcycle. Norton is an iconic 125 year old motorcycle brand, acquired by TVS Motor and under its leadership is being transformed for a global play. The Company is investing in global talent and a range of new products which will be ready by 2025.&nbsp;Visitors also get a chance to see the company’s other product ranges, its focus on empowering women and youth both within and outside its factories, its global outlook and its community work. Among the attractions is a chance to see footage of flora and fauna from the world’s first and only bio-reserve within an automotive company campus. Visitors may also chance upon and meet Aishwarya Pissay a part of the TVS Racing team and a women biker of international repute. Details of the Company Showcase at Bharat Mobility Expo 2024<ol><li class="ql-align-justify">TVS X -&nbsp;the world's most advanced connected, electric scooter proudly made in India. This revolutionary machine sets a new benchmark in the global electric mobility industry with its stunning design, unmatched performance, and cutting-edge tech features, carving out a new category in the electric mobility segment.</li><li class="ql-align-justify">TVS iQube:&nbsp;TVSM's flagship electric two-wheeler launched in 2020. It has led the mass adoption of EV mobility in India.</li><li class="ql-align-justify">Participation of women in value creation -&nbsp;EV Battery Assembly lines led by a team that has 65% women, 150+ women engineers in R&amp;D, pioneering women racing with the first and only women factory racing team.</li><li class="ql-align-justify">TVS Connected Services -&nbsp;transforms daily commutes by elevating rider experience through seamless integration of smart watch, mobile phone, vehicle and at-home devices by offering convenience, safety and personalised solutions.</li><li class="ql-align-justify">Sustainable Manufacturing practices –&nbsp;88% energy needs met through renewable sources, 8 MW solar power, 35 MW wind power, 22 MN litres of rainwater harvesting capacity.</li><li class="ql-align-justify">A display of community interventions by&nbsp;Srinivasan Service Trust&nbsp;– which has served 1.6 MN people in 2,500 villages, so far.</li><li class="ql-align-justify">E-bikes&nbsp;from EGO Movement</li></ol> About TVS Motor CompanyTVS Motor Company (BSE:532343 and NSE: TVSMOTOR) is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. Rooted in our 100-year legacy of trust, value, and passion for customers, it takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two-wheeler company to have won the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate. For more information, please&nbsp;<a href="https://evindia.online/electric-vehicle-companies/tvs" rel="noopener noreferrer" target="_blank" style="background-color: transparent;">Click here</a>

TVS Motor presents its EV and connected mobility innovations to PM Modi at Bharat Mobility Expo 2024, highlighting India's tech leadership and sustainable transport vision.

TVS Motor's Future Mobility at Bharat Expo 2024 with PM Modi

Prime Minister at the TVS Motor Pavilion, Company Showcases its Global Foray in Future Mobility

Bhavik

A renowned OMC, Bharat Petroleum Corporation (BPCL), and <a href="https://evindia.online/product/ather-energy-450x" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Ather Energy</a> have formed a strategic alliance to improve and broaden the network of charging stations for <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a>. Through this partnership, Ather Energy will have access to BPCL's nationwide network of more than 21,000 petrol stations, making it possible to deploy Ather's fast-charging Grid. Through this partnership, Ather Energy's coverage in urban areas is bolstered, and it is made easier to construct charging infrastructure along intercity routes that see a lot of traffic. Ather Energy's inaugural phase saw the successful installation of four fast chargers at various sites around Delhi NCR. By the end of the year, the business hopes to grow up to over 100 rapid chargers at BPCL outlets all throughout India. Ather Energy's chief business officer, Ravneet Phokela, stated: "Since our founding, Ather Energy has concentrated on developing a substantial and comprehensive charging infrastructure, which is essential to driving EV adoption in the nation. Our collaboration with Bharat Petroleum Corporation Limited (BPCL), the largest oil and gas corporation in India, strengthens the drive to establish a vast, national fast-charging network. Through this partnership, we will be able to utilise BPCL's 21000 petrol stations and bring Ather Grid closer to our clients across the nation. We think partnerships like this play a critical role in increasing accessibility to charging infrastructure as EV usage increases." "BPCL is constantly working to align ourselves with the nation's vision to achieve net zero carbon emissions by 2040," said Rajiv Dutta, Head of Retail North at BPCL. As part of a comprehensive decarbonization plan to promote and prioritise sustainable projects, we are slowly getting closer to our objective of transforming 7000 of our traditional retail outlets into energy stations. A system for charging at retail outlets will provide early EV consumers confidence and convenience. <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Electric 2-wheelers</a> are spearheading EV adoption.

Through this partnership, Ather's coverage in urban areas is bolstered, and it is made easier to construct charging infrastructure along intercity routes that see a lot of traffic

Ather and BPCL join hands to establish EV charger

Ather Energy and BPCL join hands to establish EV charging infrastructure at fuel stations

In an odd move, many manufacturers of electric vehicles, including <a href="https://evindia.online/company/hero-electric" rel="noopener noreferrer" target="_blank">Hero Electric</a>, <a href="https://evindia.online/company/benling" rel="noopener noreferrer" target="_blank">Benling</a>, and Ammo Mobility, have asked the MHI for permission to contact the consumer to request a refund for a product that was sold to them at a cheaper price. The idea is based on a precedent that MHI previously established about four OEMs who were accused of overcharging consumers. In that case, the MHI decided that the OEMs had to reimburse the customers for the overpriced amounts. These <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank">EV</a> manufacturers together wrote to the Society of Electric Vehicle Manufacturers Association to request money from the consumers in order to stay alive. They were caught between a loss-making operation and unpaid penalty fees that needed to be paid to the government. The group was concerned that the afflicted car makers could have to declare bankruptcy given the hefty fine imposed by the government on these automakers and a considerable slowdown in sales over the last 18 months due to disruptions in sales. An unexpected but clear potential for a rational solution has surfaced, and the OEMs have come around to embracing it as the best under the circumstances, according to SMEV, after multiple talks with EV manufacturers and those who are affected by MHI's choices over the previous 18 months. Sanjay Kaul has proposed the following approaches in a letter to Hon'ble Minister, MHI Shri Mahendra Nath Pandey in an effort to quickly resolve this long-standing issue. Since OEMs in this case passed on subsidies that MHI later determined were not owing to OEMs, SMEV has requested that they be permitted to reclaim them from consumers and give them back to the MHI, voiding the account. It is important to keep in mind that the department recently fined some OEMs for overcharging customers and then asked them to return the money. The letter states that it is feasible to collect the money MHI is requesting from the other set of OEMs for non-compliance from the consumers in a similar manner and return it to the Department. According to the letter, the consumers who got such subsidies can be required to return these to OEMs in all fairness as the MHI is indicating that the subsidies handed along to customers by OEMs now stand revoked, due to technical grounds determined upon by MHI thereafter. These automakers have shown a readiness to provide the Department with consumer information that may be impacted by public notice. According to SMEV, they are also willing to issue a public notice instructing such clients to return any excess refunds or subsidies they have received.

According to the scheme's guidelines, incentives were permitted to create EVs using Made in India components, however, it was discovered during the examination that these seven enterprises reportedly utilised imported components

E-2W companies request customers to refund rebate

E-2W companies request customers to refund rebate after subsidy cancellation: SMEV

Lithium iron phosphate is becoming more popular as the go-to material for <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(64, 64, 64);">EV</a> batteries as the car industry struggles to create more economical electric vehicles, whose batteries are their most expensive component. Concerns about the environment and international politics have contributed to the popularity of the chemical molecule known as LFP. Technology advancements have, however, also helped to close the performance gap with more widely used materials like nickel and cobalt. LFP, which was adopted by the leading EV company <a href="https://www.tesla.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(64, 64, 64);">Tesla</a> two years ago, has spurred renewed interest, particularly in the United States, where a number of local and foreign manufacturers have committed more than $14 billion in new manufacturing facilities. Two of the biggest automakers in the world, Toyota Motor and Hyundai Motor, have revealed intentions to equip their following vehicles with LFP batteries this week, but they have yet to mention any plans for the United States. A 2019 Nobel laureate for his work on lithium-ion batteries, Stanley Whittingham is a professor at Binghamton University in New York. “LFP is less expensive than cobalt and nickel, and all the minerals can be found in North America, which means significantly lower transportation costs and a more secure supply chain,” he said. Lithium iron phosphate cells can now store more energy than before thanks to the inclusion of manganese, a key component in competing nickel cobalt manganese (NCM) battery cells, giving EVs a longer range of up to 450 miles (724 km) on a single charge, according to current Toyota claims. Our Next Energy, a Michigan-based company building a $1.6 billion battery production facility in Van Buren Township, supports LFP because "the materials are more readily available and sustainable, with a much lower risk" of fire, said founder and CEO Mujeeb Ijaz. We've also shown that you can match the range of cobalt cells without sacrificing anything, he added. In order to provide EVs at cheaper prices in regions outside of China, Tesla is one of the manufacturers leading the charge. Tesla is aiming for a basic price of about $25,000. According to experts, using LFP batteries should aid Tesla and its competitors in achieving this aim. Ford Motor plans to build a $3.5 billion LFP cell production facility in western Michigan using CATL, the largest EV battery manufacturer in China, which has licenced technology to Ford. According to Ford CEO Jim Farley, the objective is to reduce the automaker's cell prices from more than $100/kWh for existing NCM cells to less than $70/kWh. According to battery specialist Shirley Meng, a professor at the University of Chicago and the director of Argonne National Laboratory's Collaborative Centre for Energy Storage Science, more than 90% of LFP materials and components still originate in China.Tesla and Hyundai are among the EV producers who have adopted LFP at a quick rate, indicating that they "are not ready to decouple from China," according to Meng.

Two of the biggest automakers in the world, Toyota Motor and Hyundai Motor, have revealed intentions to equip their following vehicles with LFP batteries this week

Lithium iron phosphate cells can now store more energy by inclusion of manganese

Lithium iron phosphate cells can now store more energy than before thanks to the inclusion of manganese

Lithium iron phosphate with nickel and cobalt can bridge the battery gap

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

The government in April unveiled a new electric vehicle (EV) policy, requiring multinational automakers to establish manufacturing facilities in India with a minimum investment of ₹4,150 crore ($500 million) over three years.   | EV Marketplace

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