EV Tesla executives proposed setting up an Indian facility to produce automobiles for a startling 25% cheaper than their current lowest-priced Model 3 sedan, which costs more than $32,200 in China.

Pune welcomes Tesla: Company plans to set up manufacturing plant

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The US election's result has observed bittersweet reactions from all over the world. Donald Trump has once again climbed up the presidential chair by riding a worldwide wave of “right” ideology. Since the inception of his 2nd tenure, Donald Trump has already taken decisions to put “America first”. One such decision by the President-elect is to put a 25% tariff on all products imported into the US from Mexico and Canada and a 35% tariff on products from China. This hard-power decision taken by Trump has been feared by many economists throughout the world. But what are they feared about? What does it mean for India? Are EVs in India going to be more expensive? Let's find out! The Decision It is safe to say that the steps taken by Trump’s administration do represent the majoritarian will of the American people as he was already advocating for a 60 per cent tariff on imports from China, and 10-20 per cent on others. According to him, high tariffs will boost manufacturing in the US which will rebalance trade with other countries, and improve government finances. The President-elect announced the tariff imposition on the top trading partners of the USA–Mexico, Canada and China on the social media platform Truth Social.&nbsp; Earlier, the Inflation Reduction Act has already introduced various tax credits for EV companies to set up their manufacturing units in the USA. In fact, according to a report by nrdc.org, the USA has already surpassed China as the most favourable country for EV investments. Now, with the tariff hanging over, it will be interesting to note the reactions of the worldwide EV companies.&nbsp; The effect&nbsp; According to research by economists at the Peterson Institute of International Economics, Trump's policies might wind up costing the average American household more than $2,600 a year. Nonetheless, it seems that both Republicans and Democrats support the concept of increasing tariffs.&nbsp; Free market analysts and advocates of globalisation have shown serious concern over Trump’s decision, as the tariff wars between countries may come at a cost of inflation and global slowdown. Amid such volatility, the comparatively nascent market of electric vehicles has also come under threat.&nbsp;Although, as per studies, the USA only accounts for 7-10% contribution to the global supply chain of EVs, the direct repercussions will be faced by the companies who have their manufacturing or assembly units in the USA.&nbsp;&nbsp; Recent reports by Bloomberg have shown that BYD intends to reduce prices to tackle tariffs and not shift the burden on consumers. The step came after Tesla offered a price cut on its Model Y in China. BYD, the Chinese giant has been in constant competition with Tesla for the rank of No1 in worldwide sales.However, communist China provides a great government intervention to absorb the losses which the company makes in order to remain in the competition. Although this policy is not designed to serve in the long run, BYD has already reported to cut down its prices.&nbsp; Trump’s decision has invoked chances of potential retaliation by Mexico and China, while Canada has started negotiations. Once an advocate of free trade, the USA seems to shift its policy towards protectionist ideas, risking a global slowdown, amid the broken dispute resolution mechanism of the World Trade Organization (WTO). The USA as the third largest EV market in the world accounts for 10% of the overall global market worth, after China accounting for 60% and Europe accounting for 25%. However, in the USA, approximately 70% of the sold EVs are domestically manufactured while $19 billion worth of electric vehicles are imported, according to the USA customs clearance website. Hence, it can be said that after the tariffs, the global EV industry may be affected by at least $19 billion. Moreover, the raw material imported from other countries to manufacture EVs may also add to the losses, taking the number to another higher value.&nbsp; Impact on India&nbsp; India is an import-oriented country whose overall trade remains in deficit, however, India has a trade surplus with the USA. That said, if the inflation in the US market rises, the demand in the market will reduce, ultimately leading to a loss of a considerable amount of India’s foreign exchange. It is also interesting to note that in Trump 1.0, India has already lost its Generalised System of Preference (GSP) status which obliged a developed nation to buy certain products from a developing country. However, as per SBI, there has been a significant rise in the trade of India with the USA despite revoking the GSP status which is a good sign for the overall Indian market.&nbsp; With bilateral trade over $120 billion in FY24, the US continues to be India's largest trading partner, marginally surpassing India's trade with China. India's dependence on the US market has increased over the last ten years; currently, 18% of India's exports go to the US, up from 10% in 2010–11. India exports a wide range of products to the US, including engineering equipment, electronics, and textiles. The EV companies planning to launch themselves in the US market might have to change their plans. On the other hand, the earlier cut in the fed rates by the USA might indicate a good time for EV companies to go global. Hence, EV companies must navigate between this opportunity and challenge to make their way to the world. Whereas, when it comes to pricing, it is highly unlikely that any Indian EV company will significantly change the cost of its EV due to this update.

Explore how Donald Trump's second-term tariff policies could impact India's EV market and global trade. Learn about potential challenges, opportunities, and the ripple effects on India's economy and electric vehicle industry.

Trump’s Second Term: Impact on the Indian EV Market and Global Trade Dynamics

Will Trump’s administration impact the Indian EV market?

Prashant

From the dawn of India’s farm mechanisation to the journey of electric vehicles, Mahindra is a well-known name in Indian markets. The company has a rich history of collaboration and teamwork shared with companies in the UK, USA, France and others which has given a legacy of customer-understanding to the company. Driving through farms, the company has entered the FIA Formula E championship as well. Keeping the pace of time, <a href="https://evindia.online/electric-vehicle-companies/mahindra" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Mahindra</a> has evolved as the world transitions to <a href="https://evindia.online/product/mahindra-xuv-400-ev-ec-pro-34.5-kwh" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicles</a> (EVs).&nbsp; When it comes to the L5 electric vehicle segment in India, Mahindra holds a dominant 41.2% market share (SIAM). Moreover, Mahindra has sold over 100,000 EVs in the past 17 months, fueled by advanced products like the Treo Plus, e-Alfa Plus, and Mahindra ZEO. Their commitment to a sustainable future is further highlighted by the UDAY NXT loyalty program, offering ₹ 20 Lakh* driver accidental insurance cover to new EV buyers.&nbsp; Today, we witness a significant milestone: the unveiling of India's first homegrown "Born Electric" SUVs – the XEV 9e and BE 6e. INGLO: The Foundation for Electric Supremacy The XEV 9e and BE 6e are based on the revolutionary INGLO Electric Origin Architecture. This platform marks a high-tech departure from the past, designed from the ground up exclusively for electric vehicles. INGLO is the "Electric Origin" philosophy which breaks away from the the limitations of existing platforms and forges a path for the future of electric mobility. A key feature of INGLO is its lightweight, skateboard structure with a flat floor. This design principle, with high-density battery technology, maximizes the interior space. The design provides a roomy, comfortable cabins offering enhanced seating flexibility. The platform's modularity allows for the creation of diverse models, catering to a range of preferences – from the athletic BE 6e to the elegant XEV 9e, without compromising on performance or quality. Passengers will have a superlative driving experience – lighter, more agile, and incredibly spacious. Range Anxiety? A Thing of the Past INGLO tackles a major challenge for EVs – range anxiety.&nbsp; With robust battery options of 59 kWh and 79 kWh, these SUVs offer a class-leading range, putting an end to worries about frequent charging. Furthermore, INGLO utilizes advanced LFP battery chemistry and standardized cell-to-pack technology. This translates to long-lasting durability, exceptional safety, and unwavering reliability. But innovation doesn't stop there. INGLO boasts fast-charging capabilities, allowing you to charge from 20% to 80% in a mere 20 minutes using a 175 kW DC charger.&nbsp; Whether you're embarking on a long road trip or navigating city commutes, INGLO ensures a seamless and stress-free experience. Safety remains paramount, and INGLO prioritizes it with features like ultra-high-strength boron steel and reinforced frontal structures. This unwavering commitment to safety ensures the XEV 9e and BE 6e are built to endure, able to withstand extreme heat and rigorous crash tests, keeping you confident on every journey. Thrilling Performance, Unmatched Handling Exciting driving experiences await in both the XEV 9e and BE 6e, with INGLO providing a compact three-in-one powertrain including motor, inverter, and transmission for great performance creating power outputs in the range of 170 kW to 210 kW for rear-wheel-drive variants. The vehicles boast a semi-active suspension system for best-in-class handling, high-power steering, and brake-by-wire technology to deliver a smooth yet thrilling ride experience. In conjunction with this, INGLO will feature intelligent drive modes for turning the SUV so that it adjusts to the terrain accordingly at the touch of a button leaving the vehicle and driver in oneness. A Glimpse into the Future: Technology and Design While full specifications remain under wraps, the XEV 9e and BE 6e are anticipated to be technological marvels offering luxurious comfort. The XEV 9e might feature a futuristic triple-screen dashboard layout, while the BE 6e could boast a dual-screen setup.&nbsp; Both models are expected to include a panoramic sunroof, a nearly square steering wheel with haptic buttons, and illuminated branding.&nbsp; Advanced Driver Assistance Systems (ADAS) controls are also expected to be integrated into the steering, along with toggle buttons and paddle shifters for regenerative braking.&nbsp; The centre console designs are likely to differ between the two models, with the XEV 9e potentially offering a third screen for the front passenger. The design language for both SUVs embraces a futuristic aesthetic, integrating sharp design elements tailored for modern EV enthusiasts.&nbsp; The XEV 9e could feature a connected LED light bar at the front, complemented by vertical lighting elements, a closed grille, and a sleek bonnet adorned with Mahindra's new EV-specific logo.&nbsp; In contrast, the BE 6e is expected to flaunt its unique identity with a BE logo at the front, alongside a design inspired by the XUV 3XO concept. Both SUVs are expected to showcase bold character lines, expansive wheel arches housing 18-inch alloy wheels, and connected LED tail lights at the rear.&nbsp; The BE 6e also distinguishes itself with a coupe-like roofline, enhancing its sportier appeal. A New Era Dawns Mahindra &amp; Mahindra Ltd. is currently keeping all eyes on upcoming products, putting aside the dwindling sales of its only electric model, the Mahindra XUV400, as expressed earlier by Rajesh Jejurikar, Executive Director, Auto and Farm Sectors, Mahindra and Mahindra Ltd. Thus, the XUV400, which sold 1,800 units, will not become the focus of the entire company in the electric vehicle market anymore. Rather, Mahindra will invest and allocate resources toward the two products, XEV 9e and BE 6e, which will have exclusive production lines at its Chakan set-up for these vehicles. These products redefine electric mobility as India steps into a future where electric mobility is celebrated. They drag on by virtue of their own innovative INGLO platform, cutting-edge technology, and stunning design, ensuring the most exciting and cleanest mobility experience on Indian roads. In no time, we will be able to witness these officially unveiled; till then, we can rest assured that Mahindra will always remain ahead of the game, bringing life into the future of electric mobility in India.

Discover Mahindra’s game-changing electric SUVs, XEV 9e & BE 6e, built on the revolutionary INGLO platform. With cutting-edge technology, impressive range, and futuristic design, these "Born Electric" SUVs redefine sustainable mobility in India.

Mahindra Unveils India’s First Homegrown Electric SUVs: XEV 9e & BE 6e

Mahindra

Mahindra Charges Ahead: Unveiling India's First Homegrown Electric SUVs - XEV 9e & BE 6e

Tarpan Vyas

Yakuza, a company known for its resilience and hard work, has acquired a significant position in the EV industry. Among big names in the EV market, it is very common for companies to get lost in the crowd, but by defying this common trend Yakuza with its wide offering of electric vehicles has come to be known as an underdog in the industry. As a pioneering EV company with high-end manufacturing facilities across India, <a href="https://evindia.online/electric-vehicle-companies/yakuza-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Yakuza</a> is committed to providing affordable and efficient electric mobility solutions. Their latest offering, the Karishma, is a testament to this commitment, which offers a compelling proposition for budget-conscious urban commuters. A Glimpse into Yakuza's Vision Yakuza, under the aegis of Maa Luxmi E-vehicle Pvt. Ltd., is working to provide more than just an EV to its users. The company stands on the vision and mission to revolutionise urban mobility. Meanwhile, with a dedicated engineering and design division certified by the International Centre for Automotive Technology (ICAT), Yakuza ensures the safety and reliability of its products along with being innovative and creative. Moreover, the company's focus on sustainability and reducing carbon emissions is encapsulated in its wide range of electric scooters and the company’s micro e-car. By offering a range of electric vehicles, including the Karishma, Yakuza empowers individuals to make eco-friendly choices without compromising on convenience or affordability. Introducing the Yakuza Karishma: A Compact Electric Marvel The Karishma, a compact electric car, is designed to navigate the bustling city streets with ease. Its sleek design, featuring new-generation alloy wheels, a stylish grill, and bold LED DRLs, gives it a modern and eye-catching appearance. Performance-wise, the Karishma is provided with a smart start/stop system and smart gear knob for efficient operation. The Karishma draws power from a 60V 45Ah battery and drives 50 to 60 kilometres on a single charge, hence perfect for daily commutes. Provided with a one-year warranty, its 1250W electric motor gives smooth and reliable performance. Inside the cabin, the Karishma offers a comfortable and convenient driving experience. It can carry up to three passengers with a ventilated roof for better airflow. The reverse parking camera and power steering facilitate handling, while power windows add to the luxury. Moreover, there is also a small digital screen that shows the speed and battery level. A Green Choice for Urban Living The compact size and slow pace of the Karishma are two of its main features which provide the vehicle its unique selling point as, with a top speed of about 25 to 30 km/h and no registration requirements, it's a hassle-free choice for city commuters. Additionally, this helps to cut pollutants and transportation congestion. Selecting the Yakuza Karishma is not only a cost-effective and practical way to get around, but it's also a step towards a more environmentally friendly future. In the upcoming years, we may anticipate seeing more innovative and environmentally friendly electric vehicles as Yakuza keeps developing and growing its product line.

Discover the Yakuza Karishma, a budget-friendly electric car designed for urban commuting. Compact, eco-friendly, and loaded with smart features, it's the perfect choice for sustainable city travel.

Yakuza Karishma: Affordable & Eco-Friendly Electric Car for Urban Commuters

Yakuza

Yakuza Karishma: A Budget-Friendly Electric Ride for Urban Commuters

Enjoying easily available loans for vehicles is a rare luxury. And when it comes to EVs, the lane gets more narrower. However, with the rise of EV financing institutions like Green NBFCs (Non-banking financing companies), financing your EV is now easier than ever before. Companies like <a href="https://www.ecofy.co.in/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Ecofy</a> and <a href="https://evfin.co/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">evfin by Greaves</a> many others have entered the EV financing market to offer a wholesome EV financing Ecosystem, so much so that the companies are now providing a 5-minute loan procedure! What exactly are Green NBFCs? How they are better?&nbsp; Green NBFCs are institutions that provide cheap and easy loans to any entity that has decided to reduce its carbon footprint. Green NBFCs are the answer to the problems customers generally face when they seek loans for their electric vehicles from regular banks. The main issues lie in the availability, process, and terms &amp; conditions of the loans often provided by these banks. And how NBFCs are better? Simple! Because they solve these issues. How are Green NBFCs better? The Rate of Interest by these NBFCs, generally, starts from 5.99 % only, unlike the high-rate loans given by banks. Obviously, it depends on your CIBIL score. Well, some banks do provide lower interest rates, however, on average any bank takes 1-2 days for any loan approval. In contrast, a Green NBFC only takes a minimum of 5 minutes to approve your loan. Moreover, banks charge you a significant amount in the case of foreclosure but when it comes to NBFCs these charges are next to nothing and sometimes, literally nothing. In addition, financial products by green NBFCs are optimised for EV purchases, unlike banks’ general financial products for every vehicle. Sometimes due to your CIBIL score, you might not be eligible for loans in banks but NBFCs might help you out.&nbsp; How to claim your 5-min loan? Although all Green NBFCs follow almost the same procedure, some steps might differ or vary depending on the company. But not to worry, if you are stuck anywhere in between, just call our EVGURUS at 9099900563 and we will help you navigate through this journey. To apply for any EV loan we highly recommend you thoroughly refer to the steps mentioned below–&nbsp; Step1- Login to your NBFC app After selecting your Green NBFC, open the page and log in with your phone number to create your ID. You will receive an OTP to finalise your profile.&nbsp; Step2- Select Vehicle After logging in, choose the EV which you want to buy. Assuming that you are trying to finance your EV only after selecting your preference, just search for your favourite ride for which you want to sanction your loan. Step3- Digital KYC The NBFC app will further require you to perform the “Know Your Customer (KYC)” exercise. In this, you have to upload your documents such as an Aadhar Card, PAN card, Income Proof, an additional address verification document such as an electricity bill and some other family background details. Step 4- Bureau check&nbsp; Further, the app will check your CIBIL score and customise an offer for you. Step 5- Offer Generation&nbsp; Following the Bureau Check, you will be provided with a loan offer starting from Rate Of Interest(ROI) as low as 5.99%. Moreover, you will get to know the downpayment options which you can opt as per your requirements.&nbsp; Step 6- eNACH process Electronic National Automated Clearing House or eNACH is a process to verify your bank account details from which your instalments will be paid. The NBFC will first ask customers to enter their bank details and then usually sends Rs1 to the customer’s account for verification. For further authenticity, the NBFC might also ask you to upload your Digital sign and a selfie. Following the procedure and after accepting all the terms and conditions, the user can proceed to the next step. Step 7- Sanction letter- Hurray! The Loan Approved! Following the eNACH step, the NBFC institution will take a few minutes to process all the data and will provide a hand-to-hand sanction letter of loan approval. And VIOLA, We are halfway there! Step 8- Walk into your nearest showroom Now walk into your nearest showroom and show your sanction letter to the Dealer. After crosschecking all the details, submit your downpayment amount and receive a receipt for your payment.&nbsp; If you are planning to buy your ride online, then also you don’t have to worry a bit. You can contact the dealer in virtual mode and make all transactions online. In the end, you will just need the receipt of the downpayment, either hardcopy or softcopy no worries.&nbsp; Step 9-&nbsp; Submit the receipt &amp; enter personal details The downpayment receipt received from the dealer is further needed to be uploaded on NBFC’s platform. After uploading the receipt, the user is asked to enter personal information such as address proof, income proof and some other documents. Here, the same documents that you may have uploaded for the digital KYC will be needed again to move further. Step 10- UTR generation&nbsp; And just like this, your loan will be disbursed. The NBFC platform will generate a Unique Transaction Reference(UTR) as proof of loan disbursement. The customer is required to share this UTR with the dealer in order to check the completion of the transaction.&nbsp; Step 11-&nbsp; Enjoy your ride Well done! You have hit the jackpot of EV financing deals! Now roll out your brand new EV from the showroom and make your journey more beautiful than the destination! Attaboy NBFCs!&nbsp; Switching the commute trend from conventional gasoline-powered vehicles to electric counterparts is a challenging job. This transition of trend is further pushed by the government’s subsidy and EV companies' constant effort to provide a pocket-friendly product. However, the importance of credit-providing companies is often overlooked in this sector. It is for companies like Ecofy, and evfin by Greaves and many more to carry the responsibility of bridging the transition cost for EV enthusiasts. Creating a comprehensive ecosystem is very necessary to promote EV adoption in India and Green NBFCs with their optimised and cheap EV loans are an important stakeholder in the revolution. So if you are looking to finance your EV, then these NBFCs are worth checking out!

Looking to finance your electric vehicle? Green NBFCs like Ecofy, and evfin by Greaves offer affordable, quick EV loans with easy approvals. Enjoy rates as low as 5.99% and get your loan approved in just 5 minutes!

Get Easy Green Loans for EVs in 5 Minutes with Green NBFCs | EV Financing Made Simple

Looking to finance your electric vehicle? Green NBFCs likeEcofy, and evfin by Greaves offer affordable, quick EV loans with easy approvals. Enjoy rates as low as 5.99% and get your loan approved in just 5 minutes!

Looking for EV? need loan? Get it in 5 mins that's too from Green NBFCs

The growing demand for cleaner, sustainable modes of transportation has fueled the rise of electric vehicles (EVs) in India. Among the front-runners in the EV two-wheeler segment is Ather Energy, a Bengaluru-based startup that has made a significant impact with its innovative electric scooters. Established in 2013 by Tarun Mehta and Swapnil Jain, <a href="https://evindia.online/electric-vehicle-companies/ather-energy-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Ather Energy</a> has introduced cutting-edge electric scooters and invested heavily in building a robust charging infrastructure across India. Ather’s fast-charging stations, branded as Ather Grid, form the backbone of its efforts to make electric two-wheelers a viable and convenient option for the Indian public. This blog explores the Ather grid charging station locations, numbers, costs associated with these stations, and how these stations play a crucial role in the country's EV revolution. Ather Energy with its wide spectrum of service plans - Ather Care, Ather Care Plus, and Ather Care Max - is designed to cater to varying customer needs. These plans cover a duration of one year or 10,000 kilometres, whichever comes first, offering extensive maintenance options to ensure a seamless ownership experience. These plans provide varying levels of service, ensuring that customers can select a package tailored to their usage and preferences. This move highlights Ather’s commitment to customer satisfaction, alongside its efforts to build a robust charging infrastructure. Where are Ather Fast Charging Stations Located? Ather Energy has strategically positioned its fast-charging stations across India to ensure convenience for electric scooter users. The Ather Grid network is primarily found in metropolitan cities, tier-2 cities, and key commercial hubs, making it easier for riders to find charging points during daily commutes or longer journeys. The company has placed these stations at malls, cafes, office spaces, tech parks, gyms, and other frequently visited locations to enhance accessibility. The goal is to ensure EV riders never experience range anxiety, a common concern for electric vehicle owners. Strategically placed, these stations offer fast and reliable charging, enabling riders to quickly recharge and get back on the road. Ather Grid stations are equipped with fast chargers that drastically reduce charging time. Using the Ather Grid app, riders can locate nearby stations, get real-time charger availability, and track their sessions remotely. Charging stations are found in cities like Bengaluru, Chennai, Hyderabad, Mumbai, Pune, Delhi, Ahmedabad, and Kolkata, with Ather expanding to smaller cities. If you are not using Ather Grid App then also it’s completely alright, just instead of blindly searching “Ather charging station near me,” explore authenticated charging offered by the company itself <a href="https://www.atherenergy.com/locate-ather-dealer?selectedTab=charging" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">(click here and find the Ather charging station near you</a>). This aligns with Ather's vision of ensuring easy access to charging facilities across India, promoting the shift to electric vehicles. How Many Fast Charging Stations Does Ather Have? As of 2024, Ather Energy boasts an extensive network of fast-charging stations. With Ather Grid, the company has established over 2700+ charging points across India which is 230+ cities, and the number continues to rise as Ather aggressively expands its network. The company plans to further expand in the years to come. This makes Ather one of the leading players in terms of EV charging infrastructure in India’s two-wheeler segment. The company has strategically chosen high-traffic locations for its charging stations, ensuring that customers have access to a reliable charging solution no matter where they are in a major city. Ather's fast chargers are designed to work seamlessly with its range of scooters, offering convenience and speed to customers. Additionally, Ather continues to partner with various establishments such as restaurants, tech parks, and malls to further expand the network, making charging even more accessible to everyday commuters. Charging Costs at Ather Fast Charging Stations One of the key advantages of Ather’s fast-charging infrastructure is its pricing model, designed to be affordable and straightforward. Initially, Ather offered free charging as a promotion for the Ather Grid network. However, as the network expanded and the adoption of electric scooters increased, Ather introduced a paid model in several locations. The charging cost typically depends on the location and type of service. As of 2024, Ather Energy offers a subscription-based model for its users, providing a set number of free charging sessions each month at Ather Grid stations. For those exceeding the free limit or without a subscription, a per-minute pricing system is in place. On average, the cost is approximately ₹15-20 per session, allowing for a top-up of about 15 km of range in 10 minutes, depending on the charge needed. Factors influencing charging costs include battery size and capacity, charging efficiency, local electricity rates, and charging speed. For frequent users, the subscription model is a cost-effective choice, while the pay-as-you-go system offers flexibility for occasional users. As Ather expands its network and more EVs hit the road, the company continuously evaluates its pricing to keep it competitive while maintaining premium charging speeds. Do Ather Fast Chargers Support Other Brand EVs? Taking the developing phase of the Indian EV industry into account, it makes less sense for companies to isolate their charging infrastructure for other electric vehicles. So, yes, you can charge other electric vehicles (EVs) that follow the IS17017 (Part 2 / Sec 7) 2023 connector standard. The standard represents a category of light electric vehicles (LEVs), vehicles i.e. electric two- and three-wheelers, and microcars. Moving a step forward, the company has also unveiled its connector technology which will enable any electric vehicle to explore “fast-charging” solutions across the country, irrespective of the brand of the electric vehicle. Moreover, in an exclusive move, Ather Energy has teamed up with Hero Vida to provide a wide range of charging stations to their users. This relationship translates into the user’s convenience in fast charging their respective electric scooter in any charging station operated by Ather or Vida. This partnership is one of its kind as the Ather Grid option does not provide the fast-charging option to other EVs; it provides just a regular charging point. However, if the user owns a Vida electric scooter, they can fast-charge their electric scooter in Ather grid.&nbsp; How Fast is Ather's Fast Charging? One of the standout features of Ather’s fast-charging network is its speed. Ather scooters are equipped with lithium-ion batteries that support fast charging, and the Ather Grid stations are capable of charging these batteries at 1.5 km of range per minute. This means that in just 10 minutes of charging, a rider can add approximately 15 km to their scooter’s range. This quick top-up feature is particularly beneficial for urban commuters who may need a fast charge during their daily travel or in emergencies. The fast-charging capability ensures that Ather owners can minimize downtime and quickly get back on the road. The fast-charging stations offer the convenience of charging up to 80% of the battery in about 40-50 minutes, depending on the model and the starting charge level. This makes Ather’s fast-charging network one of the most efficient for two-wheelers in India, offering a significant reduction in waiting time compared to home charging. Maintaining a premium image Just like Nilis Bohlin’s invention of the three-point seat belt for Volvo, who launched his product patent-free, embracing safety over profit, Ather Energy can also follow this “high road”. No doubt, the R&amp;D of Ather Energy is dedicated to promoting the charging EV infrastructure of India, the technologies like Grid Network and Connector can truly benefit the entire ecosystem. With the Ather Grid network, the company is addressing one of the key challenges in EV adoption: access to fast, reliable, and widespread charging solutions.&nbsp; As India continues to shift towards electric mobility, Ather Energy’s proactive approach to building a fast-charging network will likely serve as a blueprint for other companies aiming to establish their presence in the EV market.

Discover Ather Energy’s fast-charging network in India: 2700+ stations across 230 cities, affordable costs, and support for other EV brands. Explore Ather Grid’s strategic locations, pricing plans, and the role it plays in India’s EV revolution.

Ather Fast Charging Stations in India: Locations, Costs & Network Expansion 2024

Ather Energy EV

Ather Fast Charging Stations in India: Locations, Numbers, and Cost

From Reels’/ Short’s comment sections to Quora and WhatsApp University, the most recurring argument given against EV adoption is that the price of the battery replacement will ultimately make your EV cost equal to its ICE counterpart. But is it really true? Not surprisingly, all such claims you come across on social media are generally based on a single philosophy i.e. “I HEARD SOMEWHERE”. No doubt, the battery is the heart of an electric vehicle, which asks for replacement after 8-10 years (approx). All over the internet, you will find various articles showing varying costs of battery replacement prices. To be honest, companies do not generally reveal their battery replacement costs for whatever reasons, but you don’t have to worry because <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVINDIA </a>is at your service. From the extensive market study, we have deduced one thing for sure, the replacement cost may vary from company to company despite the battery being of the same capacity. However, it is still possible to get a specific detailed idea about any such future expenses. In this blog, we will give you a detailed analysis of the battery-replacement cost of the major companies in the 2-wheeler electric vehicle segment so that you can make an informed choice.&nbsp; Battery Type &amp; Capacity: Electric Vehicles are majorly equipped with Lithium-ion batteries whose capacities are measured in kWh (Kilowatt hours). In the two-wheeler segments, batteries generally start from 2kWh and go up to 4kWh, according to your increasing budget. As you might have suspected, the battery replacement price is higher for higher-capacity batteries.&nbsp; The main thing to note here is that, unlike the general perception, batteries do not get completely torn off overnight. Actually, batteries consist of multiple cells which in the course of time start to degrade and result in lower range and efficiency. Let me extinguish some of your worries here, these cells are repairable which in turn can extend your overall battery life. Now you might say “So what, we still would have to change our battery after some time” Well yes! But that doesn’t mean it is going to cost you more or equal than ICE vehicles. Let me make my case! Ola Battery Price: The 2-wheeler EV giant <a href="https://evindia.online/ola-electric-buyers-guide" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ola Electric</a> provides a range of electric vehicles, from 2kWh battery capacity to 4kWh. In the 2kWh battery segment, the company provides the Ola S1X model whose battery will cost you somewhere around ₹55,000. On the other hand, the battery of the company’s higher-performance vehicle, the Ola S1X 4kWh variant will cost around Rs ₹80,000 to ₹85,000. Each and every electric scooter of Ola Electric including the company’s flagship product Ola S1 Pro’s battery price also is between ₹87,000 to ₹90,000. Refer to the list below to learn in detail about Ola electric battery prices. <ul><li>Ola S1 Pro battery price: ₹87,000 to ₹90,000</li><li>Ola S1 Air battery price:&nbsp;₹70,000</li><li>Ola S1 X (4kWh) battery price: ₹80,000 to ₹85,000</li><li>Ola S1 X (3kWh) battery price: ₹70,000</li><li>Ola S1 X (2kWh) battery price: ₹55,000</li><li>Ola S1 X+ battery price:&nbsp;Similar to S1 X models, around ₹70,000</li></ul> Bajaj Chetak Battery Price: The legacy of “Humara Bajaj” in the electric version is well celebrated in the Indian EV industry. The company’s offering starts from 2.8kWh battery capacity in its <a href="https://evindia.online/product/bajaj-ev-blue-2901-standard" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Chetak 2901</a> variant and goes up to 3.2kWh in the newly launched <a href="https://evindia.online/product/bajaj-ev-3201-standard" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Chetak 3201</a>. The company provides all of its vehicles in 2 options i.e. Standard and Techpac. Techpac introduces some extra features and riding modes in your vehicle. Although the Chetak battery price does not depend on whatever option you buy, the life of the battery may vary according to the “models” on which you drive your vehicle.&nbsp; For the overall fleet, the Bajaj Chetak battery prices range from ₹60,000 to ₹80,000 depending on the model​ and its battery capacity. Ather Battery Price: The “premium” brand of the electric 2-wheeler segment, <a href="https://evindia.online/electric-vehicle-companies/ather-energy-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather Energy</a> whose market share is consistently growing in the EV industry, when it comes to its success, has something to do with its battery management strategies. The company’s robust service centres along with its 5-year warranty (8 years extended), have been able to create trust in the audience. The company provides 2.9kWh powered electric scooters such as <a href="https://evindia.online/product/ather-energy-450x-pro-ev-3.7-kwh" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather 450X</a> and high-performance scooters such as <a href="https://evindia.online/product/ather-energy-ev-rizta-z---3.7-kwh" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather Rizta</a> that are powered with 3.7 kWh battery. Concerning its cost, the Ather battery prices lie under the spectrum of ₹60,000 to ₹80,000. Moreover, to know Ather battery prices in detail refer to the list below: <ul><li>Ather 450X (2.9 kWh): ₹65,000 to ₹70,000</li><li>Ather 450X (3.7 kWh): ₹80,000</li><li>Ather 450S: ₹60,000</li><li>Ather Rizta: should follow Ather 450X pricing, between ₹65,000 and ₹80,000.</li></ul> Vida Battery Price: The <a href="https://evindia.online/electric-vehicle-companies/vida-world-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Vida electric vehicles</a>, backed by Hero Motors, are one of the top contenders in the EV industry whose products are widely appreciated and loved. So, if you too are planning to buy a Vida electric scooter and have concerns about its battery price, then don’t worry we have your back. The company provides only 2 electric vehicles, <a href="https://evindia.online/product/vida-world-v1-pro-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">V1 Pro</a> and <a href="https://evindia.online/product/vida-world-v1-plus-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">V1 Plus</a>, with 3.9 kWh and 3.4 kWh of battery capacity respectively. Both vehicles come with 2 removable batteries that can be charged at your convenience. The company provides a 5-year warranty on their electric scooter which includes 24x7 roadside assistance, Home Services and many more facilities.&nbsp; In case of replacement, the Hero Vida V1 Pro battery price will be ₹85,000 approximately. Whereas, the company’s other vehicle Hero Vida V1 Plus battery will cost you around ₹75,000. TVS Battery price: Another legacy brand in our EV list is <a href="https://evindia.online/electric-vehicle-companies/tvs-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">TVS Motors</a>. This company is an exception when it comes to battery capacity! What makes it so exceptional is its TVS iQube St electric scooter which comes with a non-conventional, unprecedented, 5.1kWh battery. The brand claims a whooping “real” range of 150km and provides a 3-year or 50,000 km (whichever arrives first) warranty. Well, but wait! There is a slight problem. This vehicle variant has not hit the roads yet! The company has already received orders, but the delivery date is yet to be announced. Therefore, we were not able to find a substantive range of its battery price. The company’s other electric vehicle variant, <a href="https://evindia.online/product/tvs-iqube-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">TVS iQube</a> (3.04 kWh) is also an embodiment of perfection whose battery replacement will cost you around Rs ₹60,000 to ₹70,000. Meanwhile, if you own or are planning to own a TVS Iqube ST electric scooter then battery replacement can cost you around ₹90,000.

Get the latest battery replacement prices for top EV scooters in India. Explore costs for Ola, Ather, Vida, Bajaj Chetak, and TVS, ranging from ₹55,000 to ₹90,000 in 2024.

2024 Battery Prices for Top Electric Scooters in India: Ola, Ather, Vida, Chetak & More

Ola Electric EV

Battery Prices of Top EV Two-Wheelers in India: Ola, Ather, Vida, Chetak, TVS  (2024 Update)

IntroductionAs the electric vehicle (EV) revolution gains momentum, OLA Electric Vehicles is leading the charge with some fantastic flat discount offers. If you're considering making the switch to electric, now is the perfect time to take advantage of these deals. In this post, we’ll break down the ongoing discounts available for various <a href="https://evindia.online/ola-electric-buyers-guide" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">OLA models</a> across different states and cities in India.Overview of OLA Electric VehiclesOLA offers a range of electric scooters designed to cater to diverse needs. From the sporty <a href="https://evindia.online/product/ola-electric-s1-pro-ev-2nd-generation" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">S1 Pro</a> to the budget-friendly <a href="https://evindia.online/product/ola-electric-s1-x+-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">S1 X series</a>, there’s something for everyone. With impressive features such as long-range batteries, smart connectivity, and eco-friendly designs, OLA EVs are paving the way for sustainable commuting.Current Offers and DiscountsHere’s a detailed breakdown of the ongoing flat discounts for various models across states and cities:&nbsp;Tamil Nadu (incl. Puducherry)<ul><li>Chennai:</li><li class="ql-indent-1">S1 Pro: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li>Coimbatore:</li><li class="ql-indent-1">S1 Pro: ₹7,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹7,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹10,000</li><li>Tirupur:</li><li class="ql-indent-1">S1 Pro: ₹7,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹5,000</li><li>Rest of State:</li><li class="ql-indent-1">Discounts range from ₹5,000 to ₹10,000.</li></ul>Uttar Pradesh<ul><li>Lucknow:</li><li class="ql-indent-1">S1 Pro: ₹7,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹5,000</li><li>Agra:</li><li class="ql-indent-1">S1 Pro: ₹10,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹8,000</li><li>Rest of State:</li><li class="ql-indent-1">Offers range from ₹5,000 to ₹10,000.</li></ul>Maharashtra (incl. Goa)<ul><li>Pune:</li><li class="ql-indent-1">S1 Pro: ₹15,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹12,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹8,000</li><li>Mumbai:</li><li class="ql-indent-1">S1 Pro: ₹5,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹8,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹8,000</li><li>Rest of State:</li><li class="ql-indent-1">Discounts available from ₹8,000 to ₹15,000.</li></ul>Karnataka<ul><li>Bengaluru:</li><li class="ql-indent-1">S1 Pro: ₹20,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹10,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹10,000</li><li>Rest of State:</li><li class="ql-indent-1">Discounts up to ₹10,000.</li></ul>Gujarat<ul><li>Ahmedabad:</li><li class="ql-indent-1">S1 Pro: ₹10,000</li><li class="ql-indent-1">S1 X 4 kWh: ₹7,000</li><li class="ql-indent-1">S1 Air: ₹7,000</li><li class="ql-indent-1">S1 X 3 kWh: ₹10,000</li></ul>&nbsp;<ul><li>Rest of State:</li><li class="ql-indent-1">Discounts range from ₹3,000 to ₹10,000.</li></ul>Additional States<ul><li>Rajasthan, Madhya Pradesh, Haryana, Kerala, and more: Discounts vary, typically between ₹5,000 and ₹20,000.</li></ul> Additional Offers (Applicable to All Regions)At OLA, they're not just about great flat discounts; they’re committed to enhancing your electric vehicle experience with a range of exciting benefits! Here’s what you can look forward to when you choose OLA Electric Vehicles.Accessory DiscountsWhy not personalize your ride? Enjoy a 20% discount on a fast charger, ensuring your OLA vehicle stays powered up and ready to go. Plus, when you purchase a buddy step, you’ll receive free accessories worth ₹1,500, which include a stylish scooter cover and a practical floor mat. It’s a great way to keep your vehicle looking sharp!Smart BenefitsOLA believes in giving our customers more than just a great vehicle. With OLA, you get lifetime free access to MoveOS+, their advanced operating system that keeps your vehicle up-to-date with the latest features. Plus, their 8-year / 80,000 KM battery warranty ensures peace of mind, letting you focus on the road ahead.And let’s not forget about charging credits! You’ll receive ₹7,000 in credits for the S1 Pro and ₹5,000 for other models—perfect for keeping your charging costs low. As a bonus, enjoy 50% off on Care+, our comprehensive vehicle maintenance plan, available at your discretion.Flexible Financing OptionsOLA recognizes that purchasing a vehicle is a significant investment, which is why they provide an instant 5% discount, up to ₹5,000, when using select bank credit card EMIs. Additionally, eligible buyers can take advantage of a no down payment option, making it more convenient than ever to drive home in your new OLA Electric Vehicle.How to Avail the DiscountsTo make the most of these offers, follow these simple steps:<ol><li>Contact our EVGuru on WhatsApp at 9099900547.</li><li>Select your desired model and check the specific offers available in your area.</li><li>Complete the inquiry process while ensuring to ask about any additional benefits or financing options.</li></ol> Tips for Buying an Electric Vehicle<ul><li>Research thoroughly: Understand the differences between models and choose one that suits your needs.</li><li>Check service infrastructure: Ensure you have access to service stations in your area.</li><li>Take a test drive: Experience the ride and handling of the scooter firsthand.</li></ul>ConclusionNow is the perfect time to consider switching to an OLA Electric Vehicle, especially with these incredible flat discount offers available across various states and cities. Don’t miss out on the opportunity to save while making an eco-friendly choice.

Discover flat discounts on OLA Electric Vehicles this Diwali! Offers up to ₹20,000 off on models like S1 Pro and S1 X. Plus, enjoy accessory discounts, financing options, and more.

Exciting Diwali Offers on OLA Electric Vehicles – Save Big on EVs Across India

Exciting Diwali Dhamaka Offers on OLA Electric Vehicles!

Bhavik

Growth in the <a href="https://evindia.online/electric-vehicles" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV</a> industry in India has been accompanied by a wide information gap between users and companies. Though many companies have come up with a number of offerings, the same was not always crystal clear and easy to understand for the customer eyeing a particular product. This challenge was further exacerbated by the fact that new technology and its applications were completely a new foray for the Indian automobile industry, hence requiring explaining to the audiences. The government subsidies at both the demand and supply end created an initial boom in the EV sector, resulting in a plethora of new EV companies entering the market. The problem had changed from "What's the choice?" to "What to choose?" With new EV companies sprouting without end at home and abroad, the challenge of making sense of the market and the decisions one must make in purchasing a vehicle became increasingly difficult. Consumers were bombarded with so much scattered and confusing information. With this glut of information, selecting the right EV turns into searching for a needle in a haystack.&nbsp; This is where <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVINDIA</a> steps into the picture acting as a bridge between EV companies and prospective customers, empowering consumers in their electric-mobility journey by conducting extensive research and putting in a tireless effort to build the much-needed information bridge. We dive deep into the world of <a href="https://evindia.online/electric-vehicles" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVs</a>, bringing hands-on, in-depth knowledge on every conceivable <a href="https://evindia.online/electric-two-wheelers" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric two-wheeler</a> that exists in today's marketplace. This ensures a thrilling ride while transitioning from Internal Combustion Engines to EVs, and assures well-informed and smooth sailing. EVINDIA does not stop at specifications – we go beyond the technicalities to advice that speaks to individual needs which makes your EV buying journey blemish-free. Covering every fine point like battery life, charging infrastructure, performance metrics, and which ones are more cost-effective can boggle the minds of consumers. EVINDIA breaks down these complex elements into understandable information so that the consumer may make well-informed decisions. EVINDIA, by comparing models side by side, allows any potential buyer to weigh pros against cons; hence, the right EV that will fit a purchaser's particular lifestyle or needs is acquired. Because we know that every customer's needs are different and that we must assist you in finding the best E2W, which will truly complement your day-to-day commutes, budget, and way of life. Industry Insights and Future Trends Apart from reviewing products, EVINDIA offers insight into the industry together with future trends. Being India’s largest EV marketplace, EVINDIA provides a wide array of <a href="https://evindia.online/electric-vehicles" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a> to its audience with their specifications broken down to a child-understanding level.Dynamic developments in the EV space in India impart sufficient reason for consumers and stakeholders in the industry to update themselves with changing times and relevant regulatory provisions. EVINDIA offers timely updates, professional analyses of government policies, state-of-the-art technological innovations, and market dynamics in its News as well as Blog section. This foresight allows consumers to be informed not only about available products at present but also about impending trends in the EV industry. User Experiences and Community Engagement <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdNDLaHlHB3ZykJCnICCejHGZZ_sR7asVfSJziZdKdf7lNfFViKPKYBIs18GPR-yzS2sNIo8Mn7KH0x5SY1n9TvstK9eILaHU2XlVPLViuiqMfYvD7CMlFR3H-bDczsU24f-qiqZ3x5mXq1FjTNxSW-vKNB?key=Ky0D3e3ehZqA-f4-NsKBig" height="401" width="602"> EVINDIA also nurtures community among the EV users and hence is used to share everyday user experiences and encourage community engagement. Testimonials/case studies from current owners give real insights about the benefits and challenges of owning an EV to the prospective buyer. EVINDIA provides users with the ability to share their stories and build a network of support for one another. One such example, of community engagement, is “community drives” conducted by the EVINDIA, where, people from various walks of life come together just to travel. And what’s common between them? THEY ARE ALL EV LOVERS, obviously! By creating such a user-driven community, people will not only be in a position to share knowledge but will also work at a cross-functional level in realizing sustainable transportation. Industry Leader Partnerships and registered supplier <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfb_yl9jUU9iCStGkamLPhO92-iI-BgLk8hL-93_9ODgx3s2OjBOClsBixpuRsxSOs_RKkqE54ujufkR5C1ct6bll0FHKmPdoeJwVij3ZMnXrentDS8uOtVqRE6tSJrGSbD3kXQixvc7GlMbS5k8ibu-5rA?key=Ky0D3e3ehZqA-f4-NsKBig" height="467" width="602"> EVINDIA collaborates with EV industrial leaders to be a certified supplier of revolution-inducing EVs such as Ola Electric. Being a certified supplier helps EVINDIA provide readers with authoritative information and exposure to the latest sector developments. From collecting insights from manufacturers and analysing policymakers,&nbsp; EVINDIA collaborates with every other update of the EV industry to keep its patrons ahead of the EV revolution.&nbsp; Such partnerships would not only enable EVINDIA to provide cutting-edge insights and recommendations to the audience but also further cement its reputation as a trusted resource in the EV landscape. Advocacy of Sustainable Transport Beyond the information provision, EVINDIA is also an active advocate of sustainable transport solutions. Their mission includes the promotion of the environmental and economic gains of adopting EVs.&nbsp; EVINDIA envisions contributing to a greater change in society into sustainable living, having brought out the impact of electric vehicles on carbon emissions and dependency on fossil fuels to light. EVINDIA with its EV community advocates public awareness and participation aimed at the conservation of the environment. These initiatives at once inform and inspire towards a greener future. Conclusion: Join the Revolution of EVs EVINDIA has turned out to be one of the biggest milestones in India's electric vehicle revolution. This is where information gaps, like those mentioned above, are covered by the invaluable resources from EVINDIA. Therefore, customers get the power to make informed decisions and adopt green mobility with open arms. Their detailed reviews, learning materials, and community building set EVINDIA at the forefront of the EV world. While the industry of EVs continues to evolve, EVINDIA does the same for its audience, which will always be at the forefront of this transformative journey. EVINDIA has played a critical role with respect to awareness in terms of bridging this gap and also facilitating mass adoption of electric vehicles to ensure that Indians live in a greener and more sustainable future.

EVINDIA bridges the gap in India's EV market with in-depth reviews, expert insights, and community-driven initiatives, empowering consumers to make informed decisions and promote sustainable transportation. Join the EV revolution with EVINDIA!

EVINDIA: Leading India's Electric Vehicle Revolution with Expert Insights and Community Engagement

The Rise of EVINDIA: Leading the Electric Vehicle Revolution in India

India is all set to play a pivotal role in the rapid transformation of the global electric vehicle (EV) market. The global market for EVs is estimated to be at $255 billion, according to a report just published by Axis Securities and is seen to take off to $2,108 billion by 2033. This would mean that it will have recorded a CAGR of around 23% during the period from 2023 to 2033. It tells us about the rising demand for mobility solutions to meet the need for cleaner alternatives, especially in countries like India, as rapid urbanisation and rising environmental concerns form the basis of their demands. Indian Electric Vehicle Market Growth The Indian electric vehicle market is going to grow dramatically in the coming years. Annual volume will reach as high as 10 million units by 2033 from 1.7 million units during the financial year 2023-24. This growth will be governed by various factors in the form of government policies, new product launches, cost reduction of raw materials to manufacture, and rapid technological developments. The country's EV revolution will not only be limited to 2W and 3W. In the coming decade, the adoption of electric buses, passenger vehicles, and even heavy-duty trucks is expected to pick up pace. Infrastructure improvement coupled with affordable electric vehicle models in the market are the root cause of this projected growth. Government Support The Indian government has played an important role in pushing EV adoption across the nation. Replenishing the exhausted FAME, which stood for Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India, the new PM E-Drive Scheme is part of several electric two-wheelers and three-wheeler subsidies totalling ₹10,900 crore, all to be released within the next two years, for a push on selling electric two, three, and four wheelers. The proposal will support the sale of 24.79 lakh two-wheelers, 3.16 lakh three-wheelers, and 14,028 e-buses by 2025. The government's new tax-friendly policy has made EVs affordable. Electric cars are taxed at a mere 5%, while hybrid vehicles pay a 28% tax, and the heavy tax of 49% is borne by the ICE vehicles. So, all these incentives have levelled the playing field for EVs, and consumers will find them increasingly accessible, driving further growth. Infrastructure Development: The Driver of Growth The best part that would lead to widespread EV acceptance is the robust charging infrastructure. Keeping in view this very demand, the Indian government is going to spend ₹2,000 crores in developing public EV charging stations. Of course, these funds would support the installation of 22,100 fast chargers for electric four-wheelers, 1,800 for electric buses and 48,400 for electric two and three-wheelers. This infrastructure development is even more necessary because range anxiety remains one of the most significant concerns of potential EV buyers. For example, to promote electric trucks and ambulances, ₹ 500 crores have been put towards supporting the adoption of electric trucks. Similarly, ₹ 500 crores have been allocated for hybrid and fully electric ambulances. These are not only meeting the high-rising demands for clean commercial and emergency vehicles but also indicate the long-term vision of the government as the sector-wide supports EVs. Rising Semiconductor Industry in India By far, the biggest challenge for the EV industry is indeed the availability of semiconductors. Electric vehicles are essentially run by semiconductors- everything from battery efficiency to vehicle safety systems. India has made its strides here: the country has been working relentlessly to develop its own semiconductor manufacturing capacities. The collaborations with the US, Japan, and Australia provide India a platform to establish itself as a major leader in the semiconductor sector. An example can be cited in the form of awarding the government project of setting up the semiconductor manufacturing plant to 3RrdiTech Inc., the leader in a technology house. This is very important because the government feels that for these few vital elements of electric vehicles demanded increasingly, control over the supply chain must be independently warranted. For this purpose, entry into semiconductor manufacturing can be seen as a forward-looking approach not just for the EV sector but all other dependent sectors on the technology, such as telecom and consumer electronics. If such initiatives work out well, India plans to restrict its reliance on imports and will ensure that the EV sector keeps growing free from interference by outside forces. EV Revolution in India - A Reality, Not a Myth India's electric vehicle revolution is no more a dream, but increasingly real. At a time when the world EV market is projected to touch more than $2 trillion by 2033, India is gaining momentum in becoming one of the leaders in this space. India government policies such as the PM E-Drive Scheme, along with investment in subsidies, lowering taxes and more emphasis on infrastructure development, will see more EVs emerging on the roads in the years to come. This focus on making semiconductors domestically in India will be crucial to keeping the momentum of the Indian EV industry going. Association with global partners and further local supply chain development will reduce the costs of manufacturing even further and help India reach its ambitious targets. The future of India's EV industry is promising. Growth there has been achieved through innovation and policy support. The country continues to embrace sustainable mobility solutions, and thereby the figure for EVs on Indian roads will continue to rise, doing its part for global carbon emissions reduction and fighting climate change. The EV revolution is here, and it's only going to get bigger.

Representative Image (credit- Innovation News Network)

The Indian electric vehicle market is going to grow dramatically in the coming years. Annual volume will reach as high as 10 million units by 2033 from 1.7 million units during the financial year 2023-24.

How Indian future EV industry looks like

How Indian future EV industry looks like: Post PM E-Drive Expectations

The festival season is the ideal time for consumers to splurge since manufacturers dangle varieties of discounts and offers. Continuing this spree, <a href="https://evindia.online/electric-vehicle-companies/ola-electric-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Ola Electric</a>, India's fastest-growing electric vehicle manufacturer, announced their biggest festival sale under the banner of BOSS - Biggest Ola Season Sale. This sale promises big announcements, bigger launches, and the biggest deals, which all lead the way for consumers to embrace the electric revolution by switching over to eco-friendly electric vehicles (EVs). With this initiative, Ola is not just expecting to advance its market position but also enable customers to ride home the "BOSS" of all EVs - the <a href="https://evindia.online/ola-electric-buyers-guide" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Ola S1</a> series. This festive sale is particularly crucial as Ola Electric is entering a phase of high-simmering competition in the electric two-wheeler market and also sales decline. The continuous loss of market share by the company makes the time of this offer crucial for the company. However, this BOSS sale could turn out to be quite strategic enough to revive the interest of consumers and therefore the demand for these electric two-wheelers. Here's what the BOSS sale has in store, and why now is the perfect time to go electric with Ola: Big Announcements and Bigger Deals Ola Electric has lined up some of the most attractive deals the EV market has ever seen under its BOSS sale. The most eye-catching announcement of all is the cut on the much-in-demand <a href="https://evindia.online/product/ola-electric-s1-x-ev-2kwh" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">Ola S1X 2kwhr</a> variant which now stands at ₹49,999 (terms and conditions applied). As this offer brings up to ₹25,000 off on the market price, it marks a new benchmark for affordable electric scooters in India. The Ola S1 X boasts impressive styling, intelligent features, and a robust performance. Thus, it is a great option for any first-time EV buyer. There is much more play with the Ola S1 range, given the sign of the biggest discounts across its portfolio beyond the S1 X. Moreover, the earlier pricey Ola S1 Pro is now available with a ₹20,000 discount and goes for ₹1,14,999. S1 Pro is the flagship from Ola and comes with more speed, more range, and more features, and this deal will appeal a lot to performance-centric electric scooter seekers. For the mid-range-seeker, there's also the Ola S1 Air available with a discount of ₹1,00,499. That cuts the original price tag by ₹7,000. This model has a light design and, with a decent on-paper range, is suitable for an urban commute. And yet more benefits for an all-rounded experience Sale does not mean cutting prices alone. Ola Electric has taken it further by offering trade-in benefits of up to ₹25,000 across its S1 range. So, an exchange bonus will reward the existing two-wheeler owners as well as trade in their old vehicle for a discount on a new Ola scooter. Additionally, access features of smart technology are also available in more advanced forms through app connectivity, navigation, and over-the-air updates for maximum user experience. Ola is also offering an extended warranty of 8 years on select models to give further peace of mind to consumers. This approach gives full confidence to the company on the durability and reliability of its electric scooters. If such concerns about charges remain, Ola to its credit has introduced fast-charging credits that could be a game-changer for city riders. With such advantages, the BOSS sale is no longer discounted but a complete package designed to make the switch to electric as convenient and inexpensive as possible.&nbsp; It's also a response to falling sales. It is a crucial time for Ola Electric, which has seen sales drop for months. In September 2024, the company recorded its lowest monthly sales of the year at 23,965 units, marking the second straight month of month-on-month decline. In addition, the market share for the company is as modest as 27% in September, having declined from more than 50% in April, indicating the growing level of competition in the EV space. Several factors have led to this collapse: greater competition from the traditional two-wheeler stalwarts like TVS Motor and Bajaj Auto, who came out with more modern models at competitive prices. The above companies gradually and consistently ate into the market share of Ola, so a major promotional thrust in the form of the BOSS sale was all the more imperative. The company's CEO Bhavish Aggarwal announced the BOSS sale through microblogging platform X, formerly Twitter, as a clear indicator that the company is eager to return to the market. The sale has been touted as an opportunity not only to bring new customers on board but also to reactivate old ones through special referral programs.&nbsp;Referral program and customer reactivation Besides these discounts and benefits, the Referral Program of Ola Electric continues, where it has been very popular among its customers. Any owner can refer friends or family to buy an Ola electric scooter, from which both the referrer and the new buyer will benefit. A referrer receives a reward worth ₹2,000, and a new customer receives a discount worth ₹1,000. Through this process, the brand promotes community engagement around the brand while offering an incentive to existing users through monetary rewards to further the sales of electric scooters from Ola. Time to Make the Switch This will be the perfect time for those interested in switching to electric, and they can ride home in the "BOSS" of all EVs. Whether the eco-conscious commuter or the new, cost-effective ride, something is there in Ola's BOSS for everybody. The BOSS sale represents a perfect combination of festival delight and trust-building measures by the company. No doubt, it marks an important ambition for Ola Electric in its journey to success despite strong competition in the market. Innovative models and attractive prices through a customer-first approach would help Ola Electric achieve a good bounce back during the festival season.

Moreover, the earlier pricey Ola S1 Pro is now available with a ₹20,000 discount and goes for ₹1,14,999. S1 Pro is the flagship from Ola and comes with more speed, more range, and more features

Buy Ola S1 @49,999: Introducing BOSS

Moreover, the earlier pricey Ola S1 Pro is now available with a ₹20,000 discount and goes for ₹1,14,999. S1 Pro is the flagship from Ola and comes with more speed, more range, and more features.

Buy Ola S1 @49,999: Introducing BOSS – The Biggest Ola Season Sale

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Decreasing its funding from Rs 725Cr to Rs 650 Cr, the UK government’s&nbsp; British International Investment Plc (BII) and Mahindra &amp; Mahindra Ltd have revised the terms of their financial tranche for the investment in the Indian automaker’s electric vehicle unit Mahindra Electric Automobile Ltd (MEAL). The investment is reported to be completed by March 31. With this, BII will now have invested a total of Rs 1,850 crore in MEAL in two tranches, and it will own a share in MEAL that ranges from 2.6-4.6%. Previously, a total of approximately Rs 1,925 crore was projected to be invested in MEAL. M&amp;M stated that MEAL's overall business plan will not be impacted by the funding shift. The goal of BII's investment is to greatly speed up the availability and uptake of electric vehicles in India and other areas that M&amp;M serves. The money is mostly being used to develop and promote a portfolio of cutting-edge electric SUVs that are of the highest calibre. In the first tranche, BII invested Rs 1,200 crore in MEAL. In addition to BII, Mahindra's electric vehicle division is also owned by Temasek, an investment firm based in Singapore. Temasek declared in 2023 that it will invest Rs 1,200 crore in MEAL for a 1.5–3% share in the business. The BE 6 and XEV 9e, M&amp;M's first lineup of Born Electric SUVs, were introduced in November. They start at Rs 18.9 lakh and Rs 21.9 lakh (ex-showroom), respectively. Deliveries to the two models, which are based on the INGLO (Intelligent Electric Global) architecture, are anticipated to begin in late February or early March. The Born Electric portfolio is an element of M&amp;M's overall plan to become a major force in the EV industry. By 2027, the business had previously stated that it expected EV penetration to reach 20–30%. A Rs 12,000 crore investment in M&amp;M's electric company MEAL over the following three years was also approved by the board at the beginning of this fiscal year.&nbsp;

With this, BII will now have invested a total of Rs 1,850 crore in MEAL in two tranches, and it will own a share in MEAL that ranges from 2.6-4.6%.

M&M, BII decreases final investment tranche in Indian arm of Mahindra Electric 

Releasing draft guidelines on setting up electric vehicle (EV) charging infrastructure, the Ministry of Heavy Industries (MHI) aims to establish more than 22,000 EV chargers for electric four-wheelers, 1,800 chargers for e-buses and much more, according to a report by the Hindu Businessline.&nbsp; The step taken under the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme, has been shared with various stakeholders to register their inputs/ comments, citing ministry officials, the report added. Moreover, the scheme calls for the installation of charging infrastructure for electric two-wheelers (e-2Ws) and electric three-wheelers (e-3Ws), among other light EVs.&nbsp;&nbsp; The government seeks to promote participation among all of the stakeholders including charge point operators, EV charger manufacturers, state governments, urban local bodies (ULBs), government agencies, central-level ministries, discoms, highway authorities, and other central public sector enterprises (CPSEs). The PM E-DRIVE initiative aims to provide up to 80% subsidy on upstream infrastructure (behind-the-meter infrastructure) with an investment of ₹2,000 crores for the installation of public fast charging stations. It said that in extraordinary circumstances, the Ministry might take into account additional funding up to 100% of the project's cost, including upstream power infrastructure. As per the guidelines, MoPNG, MoRTH, the Ministry of Telecommunications, the Ministry of Tourism, the Ministry of Health and Family Welfare, the Ministry of Railways, the Ministry of Civil Aviation, the Ministry of Ports, and Shipping and Waterways are among the central-level Ministries that will also be required to submit proposals. “State governments and Central Ministries are also encouraged to carry out feasibility studies to identify suitable locations for EV PCS. These site assessments will help identify potential locations based on traffic patterns, proximity to major commercial spaces, land accessibility, sufficient power supply, and potential for grid upgrades to support the additional load,” citing MHI released draft guidelines, the Hindu businessline reported. Based on the data requested in Section 10.3, a technical committee led by an Additional/Joint Secretary, MHI, and comprising representatives from Niti Aayog, the Ministry of Power, and the Automotive Research Association of India (ARAI), will shortlist the suggestions. Additionally, the technical committee's recommendations will be presented to the Project Implementation and Sanctioning Committee (PISC), and if approved, the project will be processed in the MHI for approval by the appropriate authority after consulting the Internal Finance Wing for approval. "The participating State government/Central Ministry will be informed about the total number of sanctioned charging stations, with a request to initiate the tendering process, following approval by the competent authority," the statement stated. Calculation of incentive The MHI added that the price per kW of the benchmark upstream cost set by BEE, as updated periodically, will be used to determine the appropriate incentive that is due to State governments and Central Ministries. Following finalisation and communication, MHI will release the incentive in three instalments: 30% of the total amount following the tender's issuance as a mobilisation advance, 40% following the deployment of EVSEs in accordance with the bid documents, and the remaining 30% following the charging stations' successful commercial operation. The MHI said, “This amount will be exclusively used for reimbursement of the upstream infrastructure cost based on the type of charging station. The applicable incentive amount will be released to the ‘tender inviting authority’. However, the Upstream Infrastructure (assets up to the meter) will belong to the relevant Discom in all circumstances,” the Hindu Businessline reported.

The PM E-DRIVE initiative aims to provide up to 80% subsidy on upstream infrastructure (behind-the-meter infrastructure) with an investment of ₹2,000 crores for the installation of public fast charging stations.

MHI releases draft guidelines on setting up EV charging stations

In an attempt to further penetrate India’s EV market Chinese automaker BYD is all set to introduce new EVs called Denza N9 and Bao 3 EVs. The corporation has reportedly already submitted the design patent application, and a picture of it has been posted online. The update comes as the leading manufacturers prepare to present their new models at the Bharat Mobility Expo. The company has also stated that it will be attending the largest auto show, and it is anticipated that it will provide relevant information there. The Denza N9, which is owned by BYD and mostly runs from Shenzen, China, is classified as a new energy vehicle (NEV). The model is 5.2 meters long and has a wheelbase of 3.1 meters, according to the website of China's Ministry of Industry and Information Technology. Both EV and plug-in hybrid electric vehicle (PHEV) powertrain options are offered. It has a 2.0-litre turbocharged petrol engine that can produce up to 203 horsepower. Regarding the Bao 3, it has two electric motors and the possibility of a four-wheel drive (4WD). According to reports, the EV can reach a high speed of 201 km/h and complete a 0-100 km/h sprint in under 4.9 seconds. Based on the pictures, it appears that the battery-operated model will make a strong fashion statement when it launches, with various sharp cuts and folds. According to reports, the model will be positioned ahead of its technologically advanced Atto 3 and be based on a Super 3 concept car.

The corporation has reportedly already submitted the design patent application, and a picture of it has been posted online. The update comes as the leading manufacturers prepare to present their new models at the Bharat Mobility Expo. 

BYD registers design patent for Bao 3 and Denza N9 revealed: Here is what to expect

Following the stepping down of Ola Electric’s chief marketing officer Anshul Khandelwal and chief technology &amp; product officer Suvonil Chatterjee the company’s shares observed a sharp decline on Monday. Citing personal reasons both individuals stepped down from their respective positions.&nbsp; "With reference to the captioned subject and mentioned reference, we hereby inform you that, Mr. Anshul Khandelwal, Chief Marketing Officer, and Mr. Suvonil Chatterjee, Chief Technology and Product Officer, have tendered their resignation with effect from December 27, 2024," Ola Electric stated in a BSE filing. The Central Consumer Protection Authority (CCPA) issued another showcause notice to the Bhavish Aggarwal-led EV company earlier this month, requesting more information and documents pertaining to the resolution of customer concerns. The stock fell 4.62 per cent today, reaching a low of Rs 85.93 for the day. At Rs 86.74, it was last seen trading 3.72 per cent down. The scrip has dropped 7.13 per cent in a month at this pricing. Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, said that investors with a one-year investment horizon who are willing to take on a lot of risk should consider this stock. Technically, the counter showed support at the Rs 80 level. The scrip was higher than the 50-day simple moving average (SMA) but lower than the 5-, 10-, 20-, and 30-day SMAs. The 14-day relative strength index (RSI) for the stock was 42.23. A figure exceeding 70 is regarded as overbought, whereas a level below 30 is regarded as oversold. Ola Electric has also released 'Ola Reverse 2024' statistics. It emphasises how the Ola S1 community has contributed to India's EV revolution by jointly saving an incredible Rs 1,300 crore in gasoline expenses.

Following the stepping down of Ola Electric’s chief marketing officer Anshul Khandelwal and chief technology & product officer Suvonil Chatterjee the company’s shares observed a sharp decline 

Ola Electric Mobility's share shows decline of 5%

BluSmart, a Gurugram headquartered electric vehicle cab service provider is all set to start its operations in Mumbai, as per the Dec.28th announcement made by the company on&nbsp;X (formerly Twitter). Before the cab services open, the company has opted to invite selected users to join an early “invite-only” experience. According to BluSmart, it would first provide the electric transportation facility to a select few individuals via a private registration process. Riders who are interested can submit a form with their name, contact information, and email address. Following submission, these users will have the opportunity to test the service before it is formally made available to the entire city. "Starting January 1, 2025, BluSmart is here to make your journeys reliable, safer, and always on time,” the company tweeted in its post.&nbsp; “After months of dedication and hard work, we’re excited to bring this dream to life in your city,” the post further read.

Before the cab services open, the company has opted to invite selected users to join an early “invite-only” experience.

BluSmart to launch EV cab service in Mumbai

With the latest method developed by engineers of the Korea Advanced Institute of Science and Technology (KAIST), now it is possible to accurately determine the health of EV batteries by using a small quantity of electric current. The performance and stability of high-capacity batteries in electric vehicles could be enhanced by their electrochemical impedance spectroscopy (EIS) technology. Moreover, by analyzing the health and charge of batteries the newly developed tool can also identify physical or chemical changes, and thermal features, predict battery life and point out causes of failures.&nbsp; Installing, using, and maintaining traditional EIS equipment is challenging due to its high cost and complexity. Furthermore, delivering current fluctuations of several amperes to a battery can result in severe electrical stress, raising the danger of battery failure or fire due to sensitivity and precision constraints. The KAIST technology minimises heat impacts and safety concerns during the measurement procedure by accurately measuring battery impedance with low current disturbances. It simplifies the integration of large and expensive components into EVs. The method has been shown to be successful in determining the electrochemical characteristics of batteries in a range of operating circumstances, such as varying temperatures and charge levels. “This system can be easily integrated into the battery management system of electric vehicles and has demonstrated high measurement accuracy, while significantly reducing the cost and complexity compared to traditional high-current EIS methods,” citing&nbsp; Kyeongha Kwon, an electrical engineering professor at KAIST, Assembly Magzine reported.&nbsp; He further said, “It can contribute to battery diagnosis and performance improvements not only for electric vehicles but also for energy storage systems,” the report added.&nbsp;

The KAIST technology minimises heat impacts and safety concerns during the measurement procedure by accurately measuring battery impedance with low current disturbances. It simplifies the integration of large and expensive components into EVs.

Korea develops new tech to monitor EV Batteries

Hyundai Motor’s flagship e-SUV, the Hyundai Ioniq 5 has registered its name in the Guinness World Record for the greatest altitude change by an electric car. The achievement was recorded when the Ioniq 5 completed its journey from Umling La at 5,799m (19,024 ft) above sea level, to Kuttanad in Kerala situated only at 3m above sea level. Travelling from the highest driving point in India to the lowest, the vehicle marked an altitude change of 5,802m. The 4,900-kilometer distance was accomplished in 14 days, navigating through difficult terrain and harsh weather conditions. This demonstrated the Hyundai Ioniq 5's performance, robustness, and cutting-edge technology by effortlessly managing environments ranging from humid coastal regions in Kerala to cold temperatures in the Himalayas, a report by Financial Express read.&nbsp; Speaking about the accomplishment, Hyundai Motor India Managing Director Unsoo Kim stated, “We are incredibly proud to see the Hyundai Ioniq 5 create history by achieving the Guinness World Record for the highest altitude change by an electric car. This achievement is a testament to Hyundai’s unwavering commitment to innovation, technological excellence, and sustainability. The Ioniq 5’s performance in such extreme conditions reflects its engineering prowess and durability. At Hyundai, we are dedicated to pushing boundaries and setting new benchmarks in e-mobility, and this record further reinforces our vision of ‘Progress for Humanity,” the Financial Express reported. Hyundai Inoiq 5: Fetaures The Hyundai Ioniq 5 SUV comes with an automatic transmission and has a 72.6-kWh electric battery that produces 214.56 bhp and 350 Nm of peak torque. It also offers advanced safety features, a great driving range, and cutting-edge smart technology for a flexible e-mobility experience. Moreover, the lithium-ion battery of the vehicle comes with a warranty of 8 years or 1, 60,000 km.&nbsp; The Hyundai Ioniq 5, which is based on the cutting-edge Electric-Global Modular Platform (E-GMP), has a futuristic appearance influenced by Hyundai's Pony.

The achievement was recorded when the Ioniq 5 completed its journey from Umling La at 5,799m (19,024 ft) above sea level, to Kuttanad in Kerala situated only at 3m below sea level.

Hyundai Ioniq 5 achieves 5,802m altitude change, sets Guinness World Record

Following the partnership with SAIC-owned MG Motors, the Sajjan Jindal-led JSW Group is seeking collaboration with global automotive manufacturers to widen its presence in the electric vehicle industry, the TOI reported.&nbsp; According to the report, JSW is in talks with several Orignal Equipment Manufacturers (OEM). One of the OEMs is China-based Zhejiang Geely Holding Group. Earlier, in March, JSW Group and SAIC Motor joined hands under the name of JSW MG Motor India PVT LTD. The partnership is aimed to foster the manufacturing of ICE engines and electric vehicles. Aligning with its goals, the company intends to unveil a diverse fleet of vehicles including electric and hybrid rides to plug-in-hybrids.&nbsp; With SAIC Motor’s automotive expertise and the JSW Group’s manufacturing capacity, the joint venture is aiming to sell one million EVs in India by 2030. Therefore, the joint venture is seeking to capture around one-third of the domestic EV market. Under the partnership, the MG Cyberster electric sports car will be the first offering which is expected to be launched in 2025 under the luxury brand “MG Select.” As of now, the JSW Group owns a 35% share in JSW MG Motor India, a joint venture established with SAIC Motor in 2023. With 49% of the market, SAIC still holds the greatest position, followed by MG dealers and employees with 8% and private equity firm Everstone Capital with 49%. Before JSW MG Motor India is possibly listed, there have been rumours that JSW may raise its ownership to 51%. The business hasn't verified these rumours, though. Such a move might give JSW majority control over the joint venture if it materialises.

Earlier, in March, JSW Group and SAIC Motor joined hands under the name of JSW MG Motor India PVT LTD to foster the manufacturing of ICE engines and electric vehicles.

JSW seeks to join hands with OEMs to manufacture EVs: Report

Just a week after meeting with Union Minister for Commerce and Industry, Piyush Goyal, Tesla India has taken a huge step forward by obtaining an office location in Pune. A five-year lease has been signed, guaranteeing a great location in the Panchshil Business Park in Viman Nagar, Pune. Since Elon Musk met with India's Prime Minister Narendra Modi in June, the meeting between Tesla and the commerce minister represented a significant turning point. Musk had stated his intention to make large investments in India at that discussion, and now it appears that Tesla is taking action. According to sources, <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV</a> Tesla executives proposed setting up an Indian facility to produce automobiles for a startling 25% cheaper than their current lowest-priced Model 3 sedan, which costs more than $32,200 in China. According to a different source, the next Tesla car is anticipated to cost $24,000, which will revolutionise the Indian EV industry. Despite being the third-largest car market in the world, fewer than 2% of all automobiles sold in India are currently electric. However, Tesla's desire to create a production facility in India may completely alter the country's EV market. The discussion with Minister Piyush Goyal is anticipated to concentrate on developing a strong EV supply chain and looking into alternatives for allocating land for manufacturing. Since the beginning of the year, Tesla has been actively cutting the pricing of its current models, and Musk has repeatedly emphasised the significance of sharply lowering EV costs for the company's long-term success. The production costs of Tesla's next-generation car platform are expected to be reduced by a startling 50%. This platform, according to the business, will give rise to other models, including an autonomous "robotaxi." But for the time being, neither the specifications nor the cost of these next models have been revealed. While Tesla presently manufactures electric vehicles in California and Texas, it has previously developed successful factories outside of North America in Berlin and Shanghai. Tesla's Shanghai facility has grown to be its biggest, contributing close to 40% of the company's global capacity. With the office location in Pune set and negotiations with Indian officials moving forward, Tesla's entry into the country's EV market appears to be on track. The decision of the Indian government to not offer import tax breaks has further encouraged the corporation to look into local production options.

Pune welcomes Tesla

Following heavy sales in the festive season of October, the registration of total electric vehicles in November remains moderate. However, the momentum of sales has continued to remain robust due to traditional manufacturers giving hard competition to market giants like Ola, The Hindu Businessline reported.&nbsp; According to the report, MG Motors, with its new product offering, has replaced&nbsp;Mahindra &amp; Mahindra by acquiring second position in monthly sales. Meanwhile, Tata Motors secured the top rank. After hitting a new sales record of 2.19 lakh units in Oct, the total registration of EVs (in all segments) in November stood at 1.92 lakh units, marking an increase of 25% from November 2023, citing Vahan data, the report added.&nbsp; Meanwhile, in the two-wheeler segment, electric scooters and bikes achieved sales of 1.19 lakh units, marking a 29% increase from November 2023 but registering a decline from 1.40 lakh units in October. Although sales of electric two-wheelers fell from 41,775 units in October to roughly 29,200 units in November, Ola Electric maintained its leading position in the market. In spite of Bajaj's intense battle, TVS Motor managed to maintain its second-place ranking. Bajaj came in second with 26,163 units (down from 28,360 in October), while TVS sold about 26,980 units (down from 30,074 in October). The sales difference between TVS and Bajaj, two more established competitors, and Ola Electric has been progressively closing. The difference is probably going to close as both TVS and Bajaj bring their electric scooters to additional areas. Hero MotoCorp's sales of electric two-wheelers decreased slightly to 7309 from 7337 units the previous month, while Ather's sales were approximately 12,750 units (16,156 units). The volumes of Greaves were around 4470 units (3900 units). Activity in the electric vehicle market has surged since the introduction of the MG Windsor, a new electric vehicle from JSW MG Motor. Approximately 8,585 electric passenger vehicles (PVs) were registered overall in November, after reaching a record 11,150 in October. Despite having fewer numbers than October, November's monthly total was still the second-highest of this fiscal year.&nbsp;

After hitting a new sales record of 2.19 lakh units in Oct, the total registration of EVs (in all segments) in November stood at 1.92 lakh units, marking an increase of 25% from November 2023.

November EV sales data

November EV sales data: OLA and TATA on top, MG Motors at No. 2

Building on Curv EV's successful market experience, Tata Motors is planning to unveil its fleet of the most anticipated Electric vehicles. The company's upcoming EV fleet will include the Harrier EV, the Avinya EV, and the Tata Sierra EV. Reportedly, the Sierra EV, a.k.a. “Desi Defender,” is one of the most anticipated EV models in the Indian market.&nbsp; The Sierra EV is expected to be an adaptable, all-wheel-drive, five-seater SUV with a comfortable driving experience, making it ideal for families that enjoy travelling together. The Tata Sierra EV is set to launch before March 2026, priced between ₹25 and ₹30 lakh. The Tata Sierra EV was first revealed as a concept at Auto Expo 2020, and it is built on the ALFA platform, which was previously utilised for the Altroz. The measurement of the concept is 4,150mm X 1,820 mm X 1,675mm and features a wheelbase of 2,450mm. Taking a step further to production, a more refined version of the Ev was staged at Auto Expo 2023. The latest version switches from the earlier distinctive four-door configuration to a more practical five-door design. The Sierra EV is anticipated to use Tata's Acti.EV architecture, like the Punch EV and the future Harrier EV, is expected to be based on Tata's Gen2 EV platform. The Sierra EV's design is expected to feature certain famous design characteristics from the original Sierra from the 1990s. The signature design of curved rear-side windows, squarish wheel arches, and high-set bonnet are all likely to be reflected in the production. The vehicle’s front will have a slim LED strip running the length of its width, giving it a clean, modern appearance, while the back will have an LED brake light strip. The wheels may have a tinge of chrome, creating a sense of elegance, and the door handles may be futuristic in design, adding to the overall attractiveness.

The Sierra EV is an all-wheel-drive, five-seater family SUV which is set to launch before March 2026, priced between ₹25 and ₹30 lakh.

Tata Motors to launch Sierra EV

Tata Motors all set to launch Sierra EV: All you need to know 

Ultraviolette, an Indian two-wheeler OEM has introduced a new adventure concept at EICMA 2024. The Ultraviolette Concept X, the company’s new electric bike concept is reported to be based on F77. Previously, the company has showcased the F99 at the same event.&nbsp; The Ultraviolette Concept X is an adventure tourer designed on the F77 Mach 2. The electric adventure motorbike has an upright riding position with a long handlebar rather than clip-ons, a high front fender, a tall windscreen, tank shrouds and lever guards. All of them work nicely together to give the motorcycle an adventurous appearance. The motorcycle maintains its pannier attachments, which were carried over from the F77 model itself. Other features include a crash shield around the battery pack and auxiliary lighting on the sides, which complete the functioning of the adventure idea. In terms of features, the motorbike keeps USD forks and a monoshock at the back, however, it is unknown whether the suspension travel is more than the original F77. The motorbike is equipped with 17-inch road tyres on both ends, as well as front and rear disc brakes. The seat is likewise one-piece, and Ultraviolette has changed the geometry of the rake angle. The company has not yet revealed any other facts about the electric bike including its battery capacity. It might be carried over from the F77 Mach 2, with two options for battery capacity and range. We will have more information about the Ultraviolette Concept X adventure motorbike in the coming days, so stay tuned.

The Ultraviolette Concept X is an adventure tourer designed on the F77 Mach 2. The electric adventure motorbike has an upright riding position with a long handlebar, a high front fender, a tall windscreen, tank shrouds and lever guards.

Ultraviolette launches Concept X

Ultraviolette launches Concept X at EICMA 2024

Marking another bold step after the release of its Windsor EV, JSW MG Motor has released the Comet Mini for Rs 4.99 lakh. The drop in the price comes as a part of the company’s battery-as-a-service (BaaS) concept, which isolates the battery from the car's initial cost, giving consumers the option of paying for battery consumption depending on kilometres driven. The BaaS program has been expanded to both the Comet Mini and the ZS EV by the business, which is a joint venture between JSW Group and SAIC Motor of China. The update lowers the starting price of the Comet by Rs 2 lakh and the ZS EV by Rs 4.99 lakh. Buyers of this model will pay a battery leasing fee, which starts at Rs 2.5 per kilometre for the Comet and Rs 4.5 per km for the ZS EV. The user would also bear the charging fee, which is around Rs 1 per kilometre. The option of purchasing the automobile with the battery included in the price remains. Customers are also promised a 60% repurchase after three years of ownership, which adds to the attraction of the new price plan. The Windsor EV, which costs Rs 9.99 lakh and has a battery rental of Rs 3.5 per kilometre, was the first to be admitted into the BaaS program. However, owners must commit to a monthly battery charge of Rs 5,250, which is equivalent to driving 1,500 km. This concept is comparable to a mobile data plan in that customers pay for any further usage over the specified limit, which in this case is 1,500 kilometres. The extra payments will be handled by JSW MG Motor's banking partners, including Bajaj Finserv and Hero Fincorp. Satinder Singh Bajwa, Chief Commercial Officer of JSW MG Motor India, emphasised the model's accessibility, saying, "With BaaS, we have created a platform for easy ownership, making our EVs more accessible than ever. I am optimistic that this unique ownership model will increase EV adoption in the country." While the MG Comet costs less than Rs 5 lakh, it is not the first electric car in India to reach this milestone. The Reva, which debuted in 1994 at Rs 2.88 lakh, maintains that distinction. Chetan Maini's Reva Electric Car Co. created the Reva, which was eventually bought by Mahindra &amp; Mahindra in 2010. Mahindra followed up with the e2O in 2013, costing between Rs 6.5 lakh and Rs 8.5 lakh, but it is now discontinued.

 The update lowers the starting price of the Comet by Rs 2 lakh and the ZS EV by Rs 4.99 lakh. Buyers of this model will pay a battery leasing fee, which starts at Rs 2.5 per kilometre for the Comet and Rs 4.5 per km for the ZS EV.

Buy MG Comet in BaaS concept

Electric car under Rs 5 Lakh: Buy MG Comet in BaaS concept

Ola Electric, an EV manufacturer located in Bengaluru, has announced a substantial price cut for its S1X electric scooter series. Three battery configurations—2 kWh, 3 kWh, and 4 kWh—are now available for the S1 X series, with the entry-level 2 kWh model starting at just Rs 69,999. The 3 kWh and 4 kWh versions will come in right after at Rs 84,999 and Rs 99,999, respectively. According to the corporation, the S1 X models will be delivered across the country starting the next week.&nbsp; The business has also disclosed the new prices for its other models in addition to this one. Now retailing for Rs 1.30 lakh, Rs 1.05 lakh, and Rs 84,999, respectively, are the S1 Pro, S1 Air, and S1 X+. Interestingly, all S1 scooters will include a complimentary 8-year/80,000-kilometre battery warranty at no extra cost. Ola Electric had significant triple-digit growth in its annual revenue. The business sold 53,320 units this month, a tremendous growth of 148.75 per cent over the 21,435 units sold in March 2023. Additionally, there was a notable increase in sales month over month, rising by 57.54% from the 33,846 copies sold in the previous month.

Ola Electric had significant triple-digit growth in its annual revenue. The business sold 53,320 units this month, a tremendous growth of 148.75 per cent over the 21,435 units sold in March 2023.

Ola reduces price of S1X electric scooter.

Two scooters at price of one: Ola reduces price of S1X electric scooter

India isn't far behind the rest of the globe when it comes to utilising green energy to lessen its carbon impact. It looks like the nation is making every effort to reach its net zero emission targets.&nbsp; The effort is evident in the nation's adoption of <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles (EVs)</a>, which has increased by almost 50% this year. Data from Vahan as of December 29 indicates that the number of electric vehicle registrations in the nation increased from 10.25 lakh units in 2022 to 15.13 lakh units in 2023. <a href="https://evindia.online/electric-two-wheelers" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Two-wheelers</a> are still at the forefront of the EV market. In 2023, the number of two-wheeler electric vehicle (EV) registrations in the nation increased by 34% YoY to 8.49 lakh units. This rise occurred in spite of the fact that the government fined original equipment manufacturers (OEMs) crores of dollars and that more than a dozen firms in the category were embroiled in FAME-II scandals. Therefore, if the FAME-II debacle had not occurred, the sales rise may have been substantially greater. In the meanwhile, there was a significant consolidation in the market in 2023. Even while sales of electric two-wheelers rose, just a small number of companies—either well-funded startups or established automakers—ruled the market this year. For example, the IPO-bound Ola Electric, helmed by Bhavish Aggarwal, saw an over 140% increase in car registrations in 2023, from 1.1 lakh units to 2.62 lakh units.&nbsp; In the same vein, Ather Energy saw a more than threefold increase in its vehicle registrations to 1.04 lakh units this year after raising almost INR 1,000 Cr in new capital. Conversely, an established participant in the two-wheeler market TVS Motors has become a prominent figure in the electric vehicle (EV) space this year, as its vehicle registrations have increased by 250% year over year to 1.65 lakh units by 2023. The number of EV registrations for Hero MotoCorp and Bajaj Auto increased significantly as well.&nbsp; Even though several of 2023's best players had a slow start to the year due to FAME-II scandals, they were able to pick up steam by August. YoY sales increases were recorded by BGauss, iVOOMi Energy, Kinetic Green, Lectrix EV, and Okaya, among other names.&nbsp; But this year, the biggest names in the industry, such as Okinawa Autotech, PureEV, Hero Electric, Ampere, and electric motorbike maker Revolt, lost a lot of their allure. <img src="https://lh7-us.googleusercontent.com/FpBfEbSqh8X15Bmg6im03wGIg5zFTiKLrBQBKjbAOaRmTL1MeGYOGYj4HjYqWUg4lfUQIdDCwKAgyLsTt-ID3wRyV3DK0ngHDHUUVQSilgdJeHQGuYiKKDfMI3UWB0HQU0aWQR-fWydWrzE2nLPjIsM" height="787.0000000000001" width="602"> Let's examine the performance of a few of the leading manufacturers of electric two-wheelers in 2023 as well as their month-to-month trends over the previous three months: Nevertheless, even if the market for electric two-wheelers sold a record number of automobiles this year, the growth rate obviously decreased. Over 300% YoY, or 6.31 lakh units, more electric two-wheeler registrations were made last year. The increase was more than 400% YoY in 2021. Citing some experts, Inc42 reported that one of the biggest obstacles to India's EV development narrative this year was the FAME-II subsidy problem.&nbsp; For example, earlier this year, Vinkesh Gulati, chairman of research and academy at the Federation of Automobile Dealers Associations (FADA), informed us that it is highly challenging to adhere to localization norms in a country like India, which is heavily dependent on imports of batteries and cells for EVs due to a lack of resources, raw materials, and infrastructure. Gulati had stated that the FAME-II programme was the greatest way to boost sales, but that certain firms are currently put off by it. The sector cannot develop by relying just on subsidies, other industry participants added at the time, and it was necessary to crack down on EV companies that acted more as importers of parts than as manufacturers of vehicles tailored to India's roads and climate. What 2024 holds? Increased government support for electric vehicles (EVs), technological advancements, and growing public awareness of the need to reduce pollution are all predicted to contribute to EV sales growth in 2024. It is anticipated that wealthy entities capable of surviving without government assistance would prevail in this competition. Additionally, as support for the other sub-segments has grown, there may be a reduction in private investment for EV OEMs. The electric two-wheeler market, which is now crowded with over 200 firms, may see consolidation moving ahead as technology improves and consumers choose higher-quality goods, according to the report by Inc42.&nbsp; The market for electric two-wheelers is now being entered by an increasing number of electric motorbike companies, which is expected to drive up sales of two-wheeler EVs in the upcoming years.&nbsp; While well-known brands like Royal Enfield are preparing for the debut of electric vehicles, other startups are also attempting to upend the Indian motorbike industry. Several VC-backed businesses, including Ultraviolette, Orxa Energies, Matter, and Oben Electric, anticipate beginning or significantly increasing delivery of their electric bikes in 2024. Next year, Ola Electric also plans to introduce its line of electric motorcycles. Mohal Lalbhai, the founder and CEO of Matter, stated in an interview that while there is a growing demand among motorbike riders to switch to electric vehicles, there is a shortage of quality, reasonably priced mass-market products, Inc42 reported.

Discover India's remarkable 2023 EV journey: a 50% rise in registrations with key players like Ola Electric and Ather Energy leading. Despite FAME-II challenges, the electric two-wheeler market thrives towards a sustainable future.

2023 Indian EV Industry Review: Record Growth and Market Shifts in Electric Two-Wheelers

2023 EV wrap: All updates of Indian EV industry 

Bhavik EV

The urgent need for rapid development of the charging infrastructure is becoming increasingly strident among electric vehicle (EV) participants, including manufacturers and start-ups, as the ambitious government goal of one million EV sales in 2023 looms. According to an EV insider, the transportation sector is at a turning point when getting from Point A to Point B must be done responsibly and with consideration for the environment. According to Vinod Agarwal, MD and CEO of VE Commercial Cars, a joint venture between Volvo Group and Eicher Motors, "We forecast rapid adoption of our electric and clean technology vehicles by customers as charging infrastructure improves and green energy becomes widely available." The advantages of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles in India</a>, such as enhanced profitability and a smooth driving experience, have been acknowledged by both institutional and retail clients in the commercial category. The CEO of Euler Motors, Saurav Kumar, stated that "the industry should also emphasise making electric vehicle financing easier to obtain while continuing to enhance the charging and service infrastructure." Uday Narang, the creator of Omega Seiki Mobility, demanded that the government provide incentives and support for electric trucks. Although there have been creative ways to finance EVs, he believed that building charging infrastructure is still urgently needed. According to Sunjay Kapur, president of the Auto Components Manufacturing Association (ACMA), EV parts now comprise 2.7% of the components industry's total revenue, up from 1% in 2021–2022.“We've achieved significant advancements in the supply of components for electric vehicles thanks to more money being put into technology,”&nbsp; he claimed,

The advantages of electric vehicles in India, such as enhanced profitability and a smooth driving experience, have been acknowledged by both institutional and retail clients in the commercial category.

EV Industry demands increase in charging infrastructure

EV Industry demands high increase in charging infrastructure

The retail sales total for the <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric two-wheeler</a> market in India for June 2023 is 45,734 units, the Vahan portal stated. June's 45,734 units indicate a 56.58% decrease month-over-month after the industry's best-ever performance in May 2023 (105,338 units), which was attributed to a buyer rush in the last week of May to take advantage of the 40% FAME subsidy before it was lowered to 15% on June 1.&nbsp; June 2023 retail sales were at the same level as June 2022 (44,380 units). In August 2022 (52,225 units), electric two-wheeler retail sales in India reached 50,000 units for the first time. In the holiday shopping month of October 2022 (77,250 units), they surpassed 75,000 units. In the fiscal year that ends in March 2023, this record was surpassed (86,283 units). With 39,637 units or 86.66% of the market's total sales in June, the top eight e-two-wheeler OEMs maintained their lead over the competition. Additionally, companies have seen pressure from decreasing sales as a result of the cut in the FAME subsidy. Ola Electric, which continues to have a commanding market share (38%), sold 17,552 units last month, down 39% from the previous month (May 2023: 28,629 units). TVS Motor Co. remains in second place with 7,791 iQube e-scooters sold in May, a 62% drop from the 20,397 units sold in May 2023. Following it are Bajaj Auto with 2,966 units (down 54% from 9,965 in May 2023) and Ather Energy with 4,540 units (down 49% from 15,407 in May 2023) each. EV retail sales for all vehicle classes were 101,832 units in June, marking the ninth consecutive month that they have topped 100,000 units, despite a considerable decline in e-two-wheeler sales.

June's 45,734 units indicate a 56.58% decrease month-over-month after the industry's best-ever performance in May 2023 

In August 2022 (52,225 units), e-2-wheeler retail sales in India reached 50,000 units 

E-two-wheeler sales show significant dip to 45,734 units in month of June 

EV Tesla executives proposed setting up an Indian facility to produce automobiles for a startling 25% cheaper than their current lowest-priced Model 3 sedan, which costs more than $32,200 in China.  | EV Marketplace

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