The company's public market debut announcement comes as it nears the end of its $25 million Series A1 investment round.

Pure EV to launch IPO, aims to become second listed EV Manufacturer in India

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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

Oben Electric EV

Rorr EZ 3.4 kWh

Rorr EZ 2.6 kWh

Rorr EZ 4.4 kWh

Hop Electric

OXO Prime

OXO-X

Revolt Motors EV

Revolt RV1

Revolt Rv1 plus

Revolt RV400 BRZ

Matter

AERA 5000

Pure EV

ecoDryft

Bajaj EV

Chetak 3501

Chetak 3502

VIDA World EV

V2 Plus

V2 Lite

V2 Pro

VIDA Z

VLF India

Tennis

3201 Standard

Blue 3201 TECPAC

Blue 3201 Standard

S1 X (2kWh)

TVS EV

iQube 2.2 kWh

Rizta S

Ampere EV

Nexus EX

RV400

Tork Motors

Kratos R

The e-mobility division of SAR Group, Lectrix EV has declared Anil Dua as the company’s co-founder. Dua has more than thirty years of experience in brand building, digital transformation, and strategic leadership in a variety of businesses.&nbsp; In his previous position as Group CEO of Dish TV, Dua was important in a number of important projects, such as the company's merger with Videocon D2H, the adoption of digital transformation, and the reduction of its debt from more than 3,000 crores to debt-free status in 2023. Under his leadership, Dish TV won accolades including the Economic Times' Best Brand Award and pioneered innovations like hybrid set-top boxes. In addition, Dua has held senior positions with Hero MotoCorp, Gillette, Unilever, and OTE Group in Oman. During his time at Hero MotoCorp, he helped the company rebrand from Hero Honda to Hero and promoted sales and turnover growth. Awards such as the IAA Marketer of the Year and a place in India's Top 50 Brand Leaders have acknowledged his accomplishments. Dua is an IIT Delhi alumnus with an MBA from IIM Ahmedabad. His academic credentials round out his wealth of work experience. His style of leadership places a strong emphasis on creativity and teamwork, which complements Lectrix EV's mission to promote sustainable mobility in India. The founder of SAR Group, Rakesh Malhotra, emphasised Dua's competence in strategic expansion and operational efficiency. Lectrix EV wants to leverage Dua's leadership to increase its market share in the electric mobility space and fulfil its ambition of becoming a major force in environmentally friendly transportation, according to Malhotra.

Dua was important in a number of important projects, such as the company's merger with Videocon D2H, the adoption of digital transformation, and the reduction of its debt from more than 3,000 crores to debt-free status in 2023.

Anil Dua to take over as co-founder of Lectrix EV

Announcing the launch of its first electric vehicle eVitara, Maruti Suzuki has committed to establishing a comprehensive EV ecosystem, including home charging solutions and charging stations.&nbsp; Already ready for manufacturing, the company is planning to present eVitara at the forthcoming Bharat Mobility Global Expo 2025. Recently, Suzuki Motor Corporation revealed the eVitara, a worldwide model made in India for the globe, in Milan, Italy. "With decades of automotive expertise, we have combined advanced electric technology with a customer-first approach to delivering something truly transformative," Maruti Suzuki Citing Partho Banerjee, India Senior Executive Officer, Marketing &amp; Sales, PTI reported.&nbsp; He further noted that the firm has long held the view that to encourage EV adoption, it must establish a comprehensive ecosystem that makes the process of owning a battery electric vehicle easier for consumers. Banerjee further said, "A critical barrier to the adoption of EVs is the lack of accessible charging. To tackle this issue, we are committed to introducing a reliable and comprehensive EV ecosystem alongside the eVitara," PTI reported.&nbsp; According to him, this would include both home charging options and a statewide network of fast chargers that are accessible at Maruti Suzuki dealerships and service locations.

 Suzuki Motor Corporation revealed the eVitara, a worldwide model made in India for the globe, in Milan, Italy.  The company is planning to present eVitara at the forthcoming Bharat Mobility Global Expo 2025.

Maruti Suzuki commits to establish EV ecosystem, plans to launch e Vitara

Introducing a new 35 series of electric scooters, Bajaj Auto has today unveiled its Chetak 3501 and 3502 models. The Chteak 3501 will cost Rs 1,27,243, while the 3502 model will price at Rs 1.2 Lakh.The all-new vehicles will come with the signature classic look of Chetak while introducing a better storage space.&nbsp; With the newly launched vehicles, Bajaj has widened its Chetak offerings from basic to premium models. The Chetak 3502 and 3502 models will come with a 3.5kWh battery which will provide a top speed of 73km/hr and a range of 153km.&nbsp; The new vehicle will come with a bigger 80mm longseat with a quilted leather looking design. Moreover, the vehicle will also get onboard charging facility and roomier under-seat storage. In addition, the vehicle wil come with speed lock settings, document storage, full map navigation, music player, calling options, remote immobilization and many other features which can be opearted by a touchscreen powered by Mappls. Bajaj claims that the 3502 has an industry-leading 35L bootspace and a rapid charging option that can charge your vehicle from 0 to 80% in 3 hours and 25 minutes. The Chetak is currently available in four different variants from Bajaj: the 3201 Special Edition, the 3202, the 2903, and the 3201.

The Chetak 3502 and 3502 models will come with a 3.5kWh battery which will provide a top speed of 73km/hr and a range of 153km. 

Bajaj introduces all-new Chetak 3501 and 3502 electric scooter: All you need to know

Nitin Gadkari, the union cabinet Minister of Road and Transport said on Thursday that the Indian electric vehicle industry has the ability to manufacture 10 times more than the current producing capacity of the market.&nbsp; While speaking at the 8th Catalyst Conference on Sustainability of the E-Vehicle Industry, also known as Ev expo 2024, Gadkari stated that the demand for EVs will only increase and now is the right moment for the business to thrive. Further, Gadkari mentions India’s capability to rise to the number 1 position in the automobile industry within the next five years. Currently, India is the third largest automobile industry of the world.

India to become number 1 automobile market

India to become number one automobile market in next 5 years: Nitin Gadkari

The auto component industry of India has overcome the fear and the initial scepticism to align with the EV transition, Vinnie Mehta, Director General of ACMA, said.&nbsp; Citing Mehta, Autocar professional, “Five to six years ago, there was a lot of apprehension, Nobody says anything anymore. It's an interesting transition that we are doing.” This might be related to the fact that several of the formerly reluctant manufacturers are now adjusting and have become top suppliers of EV components to major automakers worldwide. In contrast, past discussions within the Automotive Component Manufacturers Association of India (ACMA) were dominated by worries about decreased business opportunities and job losses. EV sales in India are still small in comparison to the conventional vehicle market, despite the change in attitude. India produced about 100,000 electric cars and 900,000 electric two-wheelers last year, but these were far less than the 20 million two-wheelers and 5 million internal combustion engine (ICE)-powered vehicles. ICE vehicles will continue to dominate the industry, holding 70% of the market, as the government aims for a 30% EV adoption rate by 2030. Mehta claims that the auto parts industry will be "much bigger than what it is today" and highlights that there is plenty of room for both EVs and conventional vehicles in the growing automotive market. Mehta, however, cited a "chicken and egg" scenario in which low manufacturing volumes make indigenisation efforts more expensive and did not commit to precise targets for the localisation of EV components. He contends that while the market expands, localisation initiatives are still getting established. The larger localisation effort by ACMA has been going on for a number of years. The Society of Indian Automobile Manufacturers (SIAM) and ACMA set targets a few years ago to localise 3% of auto component imports in the next two to three years and another 10-15% over the next five.&nbsp; By 2022, ACMA had already exceeded the original goal, saving Rs 7,000 crore in foreign cash by localising 6% of the imported components valued at Rs 120,000 crore. Mehta contends that localisation is essential for protecting against the rupee's depreciation, which causes it to lose 5–7% of its value every year. Currently, component manufacturers export about 30% of their manufacturing, while the average localisation percentage in India's automobile industry is around 70%. The next phase of India's automotive industry will be defined by striking a balance between domestic and international market demands as the industry continues to shift towards EVs.

 India produced about 100,000 electric cars and 900,000 electric two-wheelers last year, but these were far less than the 20 million two-wheelers and 5 million ICE-powered vehicles.

Automobile OEMs are no longer fearful of EV transition

With distribution agreements in Canada and Australia, Versinetic, a UK-based EV charger manufacturer has launched its LinkRay Distribution Partner Program. Under the program, distributors are provided with exclusive regional distribution rights, access to the company's EV charging technology, and training and technical assistance. LinkRay is a load-balancing controller of Verinetic which is specially manufactured for EV charging stations. Adjusting power delivery as per the required demand, the controller can distribute power among several charging points at the same time. According to the business, it saves charging times, ensures consistent performance across many EVs, and optimises electrical resources to lower installation and operating costs. Installers of AC and DC chargers in multi-unit buildings, including office spaces, apartment complexes and condominiums, can use it. To facilitate remote control and real-time monitoring of regions with numerous meters, switchboards, or transformers, Versinetic also intends to implement Link Aggregation, a new scalable feature that tiers multiple LinkRay devices. Its functions include dynamic load balancing, preventing power restrictions, and optimising energy utilisation. “We are committed to forging strong partnerships that not only expand our reach but also enhance the capabilities of our partners through cutting-edge technology and comprehensive support,” citing Versinetic Managing Director Dunstan Power, Charged EVs reported.

LinkRay is a load-balancing controller of Verinetic which is specially manufactured for EV charging stations. Adjusting power delivery as per the required demand, the controller can distribute power among several charging points at the same time.

Versinetic introduces distribution plan for EV charging load-balancing controller– LinkRay

With Delhi leading the path of EV penetration, the adoption of electric vehicles in India is booming, a report by FICCI and Yes Bank showed.&nbsp; According to the report, Delhi's adoption of EVs across a number of segments has led to an EV penetration rate of 11.5%. Kerala, where the use of electric two-wheelers (e2Ws) and three-wheelers (e3Ws) has been substantial, comes in second at 11.1%, followed by Assam at 10.0%. Furthermore, from FY21 to FY24, Gujarat, Odisha, Kerala, and Punjab had the highest compound annual growth rates (CAGR) in EV sales, highlighting the significance of states working together and exchanging effective tactics. More than half of the EV volumes in FY24 came from the top five states, according to the data, and the distribution of EV sales has improved over the previous four years. As India works to meet its net-zero targets, it underlined how important states are to the country's EV transition. The report urged a doubling of the current EV penetration rate to meet national targets by 2030. It called for states to renew their EV policies until 2030, emphasizing the need to mandate EV adoption in public transport and fleet operations. To meet the national targets by 2030, the report called to double the ongoing EV penetration rate. It further urges states to reconsider their EV policies until 2030, underlining the requirement for EVs in fleet operations and public transport The report emphasised the significance of creating a stable and long-term regulatory climate to draw investors and hasten EV adoption, as several states' EV regulations are about to expire. As India works to meet its net-zero targets, states play a part in the country's EV transformation. With practical suggestions to improve ZEV adoption nationwide, the research offered a road map for bridging the gap between aspiration and implementation. In addition, it emphasised the necessity of states implementing sustainable fiscal policies to promote industry growth and charging infrastructure.&nbsp;

Kerala, where the use of electric two-wheelers (e2Ws) and three-wheelers (e3Ws) has been substantial, comes in second at 11.1%, followed by Assam at 10.0%.

EV penetration rate booming in India, Delhi takes lead: Report

Hyundai’s next big offering to the Indian auto industry is going to be the Creta EV, set to launch in January next year. The company is expected to launch the prices and specs of the vehicle at the 2025 Bharat Mobility Expo The EV will be based on Creta’s ICE counterpart which was launched in India earlier this year. Marking a cross-section of ICE and EV in design the vehicle will retain classic looks with some additional EV-specific elements like new aero wheels, a charging port up front and a fresh steering wheel. The 2025 Hyundai Creta EV is anticipated to feature a split headlight design, updated front and back bumpers, front and rear LED light bars, and a blanked-off grille as key design features. The model's interior will have technologies including wireless mobile charging, two 10.25-inch screens, an ADAS suite, heated front seats, and a panoramic sunroof. Although the company has not yet revealed the technical details of the upcoming Creta EV, the vehicle is expected to have a 50–60 kWh battery pack that could take the vehicle 500 km on a single full charge.&nbsp;

Marking a cross-section of ICE and EV in design the vehicle will retain classic looks with some additional EV-specific elements like new aero wheels, a charging port up front and a fresh steering wheel.

 Hyundai to launch Creta EV at Bharat Mobility Expo 2025

Pure EV on Monday announced its plan to launch an initial public offering (IPO) in 2025 and become the second electric vehicle (EV) manufacturer to go public in India. The Hyderabad-based EV manufacturer said in a statement that it has been operationally profitable for the past two years and expects a 20 times increase in revenue to INR 3,000 Cr over the next four years.&nbsp; Furthermore, the company claims that for the previous three years, it has sustained positive cash flows without relying on FAME subsidies. It is to be noted that the company was a loss-making organisation as of its most recent financial declaration for the fiscal year 2022-23. For FY23, the company’s revenue from operations was recorded at INR 131.28 Cr, a 42% decrease from INR 225.98 Cr in FY22. Moreover, the company has also posted a loss of INR 9.32 crore in the year.&nbsp; Nishanth Dongari and Rohit Vadera founded the firm in 2015. Currently, the company makes electric bikes and scooters under the names ePluto 7G MAX, ETRANCE Neo+, ePluto 7G, ecoDryft 350, and 3TrystX. The business says that its solutions presently account for 7% of the EV market at the regional transport office (RTO) level. In addition, the company has also established an EV and battery production facility in Telangana spanning over 1 lakh square feet. The business hopes to deliver solid-state battery technology in FY26 with the UK-based engineering firm PDSL. Announcing the company's IPO plans, Vadera stated, "As we embark on our journey towards a significant IPO in 2025, we are excited to continue driving the electric revolution in India. Our dedication to innovation and sustainability has established PURE EV as an industry leader in the electric two-wheeler category." The company's public market debut announcement comes as it nears the end of its $25 million Series A1 investment round. Earlier in February, the company announced that it had secured $8 million in finance led by Bennett Coleman and Company Limited and Hindustan Times Media Ventures, among others.&nbsp;

Pure EV to launch IPO

AICTSL Board Chairman and Mayor Pushyamitra Bhargav with Malini Gaud opened a fast vehicle charging station for the public, near Vishram Bagh, Indore.&nbsp; Opting for a Public-Private Partnership (PPP) approach, Atal Indore City Transport Services Limited (AICTSL) and Zivah International Pvt Ltd jointly operate the solar-powered charging station. This facility provides both rapid and slow charging options for two-, three-, and four-wheelers. Fast charging will cost drivers Rs 18 per unit, while slow charging will cost them Rs 15. With two chargers that can service up to five automobiles at once, the station guarantees quick service for users. In addition, the state-of-the-art battery-swapping station will be equipped with 8 batteries&nbsp; For electric vehicle owners, the quick one-minute swap and easy recharge provide a new degree of ease and comfort The entire facility is monitored by CCTV around the clock to guarantee security. Mayor Pushyamitra Bhargav discussed the city's dedication to supporting green initiatives and adopting renewable energy sources during her remarks during the inauguration. Such projects have the potential to transform urban transit and lower the city's carbon footprint, making Indore a cleaner city, according to MLA Malini Gaud.

Opting for a Public-Private Partnership (PPP) approach, Atal Indore City Transport Services Limited (AICTSL) and Zivah International Pvt Ltd jointly operate the solar-powered charging station.

ATCL and Zivah establishes solar-powered fast EV charging station and battery-swapping facility 

MG Motor India has observed a decline of 8.7% in its year-over-year (YoY) growth with the company’s sales going down from 5,012 to 4,572 units of EV sold. With the Comet and ZS EV from MG accounting for almost 1,500 of the total units sold in July, the company's electric cars continue to enjoy great consumer acceptance in the market for new energy vehicles (NEVs). Recently, the company in collaboration with JSW group introduced its third electric car in the Indian EV industry– MG Windsor, a cross-over vehicle which is sold under the name of Wuling Cloud EV in Indonesia. The vehicle comes in two battery choices—37.9kWh and 50.6kWh—and is available for the worldwide market. These options supply power to an electric motor with a front axle positioned to produce 134 horsepower. The latter provides a range of 460 kilometres, whilst the former claims to have a 360 km range. However, it is still not clear which of the variants will be available in India. Although the exact launch date is unknown, the MG Windsor will have an in-car 'Hello Jio' voice assistant system that supports multiple Indian languages, including English, Hindi, Marathi, Gujarati, and Tamil, as well as the MG App Store integrated into its infotainment system. It is also revealed that the Windsor will have home-to-car capability.&nbsp; As part of its "DriEV Bharat" initiative, MG also unveiled a new charging app called "eHUB" in addition to the MG-Jio Innovative Connectivity Platform (MG-Jio ICP), which houses the MG App Store. eHUB is a one-stop shop for public EV charging and seeks to simplify the process of finding, booking, and paying for charging stations. You may now download the app from the Apple App Store and Google Play. Project REVIVE and EVPEDIA are two further technologies centred around electric vehicles that were unveiled during the occasion.&nbsp;

With the Comet and ZS EV from MG accounting for almost 1,500 of the total units sold in July, the company's electric cars continue to enjoy great consumer acceptance in the market for new energy vehicles (NEVs).

MG Motor observes 8% decline in YoY sales data

In June 2024, JSW MG Motor India registered retail sales of 4,644 vehicles. The business declared that in June 2024, sales of its flagship SUV, the ZS EV, reached an all-time high. New Energy Vehicles (NEVs) continue to be a major contributor to the company's overall sales, accounting for 1861 units during this time, or over 40% of sales. Compared to June 2023, when it sold 5,125 units, the company's June retail sales decreased by 9% year over year to 4,644 units. Additionally, the Cloud EV, a new electric vehicle, is in the pipeline of the MG motor to be introduced in India by September of this year. It will become a part of MG's electric vehicle lineup, which already includes the Comet and ZS models. Given that its proportions and drivetrain are quite comparable to those of the ZS EV, it will be fascinating to see where the Cloud EV sits in the MG EV lineup. Thus far, we've managed to get glimpses of the Cloud EV in testing with some of its patent photos. With dimensions of 1.85 metres in width, 1.65 metres in height, and approximately 4.3 metres in length, the Cloud EV is a crossover which can home people.&nbsp; With headlights at the bottom and an LED DRL light bar up front, it features a simple design. With a longer bonnet, the front is similar to the Comet. The alloy wheels with a windmill design, flush-fitting door handles, and the charging outlet located on the front quarter panel are all visible from the side profile. A linked light bar with LED tail lamps is also attached to the back end.

New Energy Vehicles (NEVs) continue to be a major contributor to the company's overall sales, accounting for 1861 units during this time, or over 40% of sales.

MG Motor overall sales dip, ZS EV sales touch an all-time high

The latest entry of Xiaomi’s electric car- Speed Ultra 7 (SU7) has created a bitter-sweet feeling in the worldwide EV landscape. Within 24 hrs of launch, the company received more than 88,000 bookings pushing the company’s stock price to increase by 16% and making the company’s total valuation $55bn. The over-demand of the SU7 has made the waiting period of the car a minimum of 6 months. However, the electric car starting at the price of $29000 will lead Xiaomi towards a loss of $10,000 for each car sold, citing City research, Firstpost reported. The report further said that by the end of the year, the company will lose 4.1Bn Yuan which is around US $56bn considering a sales of 60,000 units.&nbsp; Xiaomi which is known for its cheaper rates is able to sustain this loss because of the company’s $15Bn reserve and Bejing’s backing. The motive behind such a price rate is reported to be the company’s ambition to gain a strong foothold in the world EV market, however, right now the SU7 is only available in China.&nbsp; It is to be noted that the SU7 electric car is manufactured by a state-owned company– BAIC group and not Xiaomi itself. Beijing’s backing of the EV ecosystem has reportedly made China overcrowded in terms of EV making. Meanwhile, with state subsidies reducing and tax benefits declining China-based EV makers are looking towards the world as a potential market which has generated a threat of EV dumping.&nbsp; Showing concerns about EV dumping, US Treasury Secretary Janet Yellen said, “I'm concerned about global spillovers from the excess capacity that we are seeing in China.”She further underlined the fact that there are now more EVs coming in the Chinese market than potential buyers. As the Chinese presence in the EV industry continues to grow, another report indicates that one out of 4 EVs sold in Europe is reported to be made in China.&nbsp; Seeing India as the next-largest EV market, the Chinese companies are expected to expand their foothold in the Indian EV Market as well. Following the same pattern, BYD a China-based EV manufacturer is already aiming to gain 90% of the Indian EV market share by 2024.

It is to be noted that the SU7 electric car is manufactured by a state-owned company– BAIC group and not Xiaomi itself.

With every SU-7 Xiaomi will lose 10,000 Chinese Yuvan

With every SU-7 Xiaomi will lose 10,000 Chinese Yuvan: Report

VinFast filed a design patent for its all-new Klara S electric scooter in India on February 25, following the groundbreaking ceremony of its first integrated EV production plant in Thoothukudi, Tamil Nadu. This filing raises the possibility that VinFast may soon enter the two-wheeler market. The relatively new EV manufacturer, located in Vietnam and founded in 2017, offers the Klara S for VND 39,900, or around Rs 1.35 lakh, in the nation. It is to be noted that the batteries and charger are not included in the price. The vehicle comes in seven colour options. Features of VinFast Klara S The VinFast Klara S has a hub-mounted electric motor that generates 4 bhp (3 kW) power. Moreover, the scooter can travel 194 kilometres on a single charge and has a maximum speed of 78km/hr as reported by the firm. In addition, the hub motor is powered by a 3.5kWh lithium-iron-phosphate (LFP) battery that charges in 6 hours. Exterior specifications The Klara S is equipped with a coil spring/damper hydraulic configuration in the back and a telescopic hydraulic setup up front. In the meanwhile, the front and back wheels of the vehicle are equipped with discs at both ends, measuring 14 inches each. The Klara S is designed to resemble a traditional scooter, much like the Bajaj Chetak, which debuted the Premium version of its 2024 model in January 2024. It has an accessible seat height of 760mm and circular LED turn indicators and headlamps.&nbsp; Furthermore, because the compact electric SUV's design patent has been filed, VinFast may introduce the VF3 in India in 2025. The business anticipates a range of around 201 km on a single charge, though it has not yet disclosed battery parameters.&nbsp;&nbsp;&nbsp; VinFast in India&nbsp; Last month, VinFast and the Tamil Nadu government inked a MoU (Memorandum of Understanding) committing to an investment of almost Rs 16,600 crore for the production and export of automobiles. About Rs 4,165 crore of the total investment amount has been set aside for the project's first phase (EV facility), the groundbreaking ceremony for which was attended by Tamil Nadu Chief Minister M K Stalin. &nbsp; &nbsp; VinFast's integrated electric vehicle (EV) facility in Tamil Nadu, which occupies 400 acres, is anticipated to create between 3,000 and 3,500 jobs and have a 1.50 lakh unit annual production capacity.&nbsp;

VinFast Klara S can travel 194 kilometres on a single charge and has a maximum speed of 78km/hr. The vehicle has a hub-mounted electric motor that can generate 4 bhp (3 kW) power.

VinFast unveils Klara S Electric Scooter

VinFast Klara S can travel 194 kilometres on a single charge and has a maximum speed of 78km/hr. The vehicle has a hub-mounted electric motor that can generate 4 bhp (3 kW) power. 

VinFast unveils Klara S Electric Scooter: All you need to know

The <a href="https://evindia.online/electric-vehicle-companies/tata-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Tata</a> Punch EV is scheduled to be launched on January 17. Although the EV's specifications have not been released officially yet, the leaked specifications of the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">EV</a> have recently come to light.&nbsp; Specifications of Tata Punch EV With the Punch EV, Tata will provide two different battery packs: a 35 kWh long-range battery and a 25 kWh medium-range battery. So let's start by discussing the long-range version. The extended-range battery pack is expected to have a stated range of 421 km. It will include electric motors that can generate 190 Nm of torque and 118 horsepower. Additionally, this version will have a peak speed of 140 kmph.&nbsp; Regarding the medium-range Punch EV, its stated range is 315 km. This version's electric motors will have a maximum torque of 114 Nm and 78 horsepower. The Punch EV's medium-range model can reach a peak speed of 110 kmph. In each of these versions, the Punch EV's charging time and capacity will be 3.3 kW AC, 7.2 kW AC, and 50 kW DC fast charging. To start with, the 3.3 kW AC charger for the extended range type would fully charge a battery from 10 to 100% in around 13.5 hours. The 7.2 kW AC charger, meanwhile, would do the same task in five hours. But in just 56 minutes, the 50kWDC rapid charger will reach 10-80%. The 3.3 kW AC will charge the medium-range Punch EV from 10 to 100% in 9.4 hours, while the 7.2 kW AC charger would take 5 hours. Regarding the 50 kW DC rapid charging, the SUV will reach 10-80% capacity in 56 minutes, in line with the long-range model. Apart from the recently disclosed details regarding battery packs and motors, we already know about the unique characteristics the SUV will have. It will have several high-end features from the existing Tata SUV series, such as an illuminated Tata logo on the steering wheel and a touch panel for the AC settings. In terms of features, the Punch EV will have a 10.25-inch touchscreen system, an electronic parking brake with auto hold, ventilated front seats, cruise control, an air purifier, a rotary drive mode selector, six airbags, ESP, and multi-mode regen. What will be the price? Tata has added a lot of additional features to the Punch EV, so the price will likely increase. Pricing (on-road, Mumbai) is anticipated to begin at Rs 13 lakh and go up to Rs 18 lakh. It has the potential to become the nation's best-selling EV in this price category.&nbsp;

The Punch EV will have a 10.25-inch touchscreen system, an electronic parking brake with auto hold, ventilated front seats, cruise control, an air purifier, a rotary drive mode selector, six airbags, ESP, and multi-mode regen

Upcoming Tata Punch EV specifications 

Upcoming Tata Punch EV specifications leaked?

A new participant in the electric vehicle market has appeared on Bangalore's busy streets: Seltra Automotive. Seltra offers a promising lineup of <a href="https://evindia.online/vehicles?type=5" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric two-wheelers</a> and batteries designed for both commercial usage and personal use with the goal of changing how we travel throughout cities. The company Seltra was founded by Aniket Patel and Nachiket Morye, who gained experience in the field of electric mobility while working with Bounce. Seltra is prepared to hit the streets with its cutting-edge products.&nbsp; Founded on experience, the creators, who had previously worked for the well-known business Bounce, had direct experience with the difficulties that urban mobility encounters. They stepped up and created a special response to these problems as a result of vandalism, wear and tear, and the need for more durable solutions. Seltra, is reported to have designed an impressive B2B sector vehicle. The fully working <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric scooter</a> produced by Seltra in 2022 is reported to be a stylish yet durable design model. The scooter will become the preferred option for fleet operators looking to optimise their operations in the city of Bangalore and with growth in the latter stages, as it caters to last-mile delivery expertise.&nbsp; The battery platform, which is the foundation of Seltra's product, is a game-changer in and of itself. Seltra scooters are adaptable travel companions with two battery options. The portable battery pack has an outstanding 50km range and only weighs 7.7kg, making it ideal for commuting within the city. The fixed battery option provides you a significant 180km range if you're considering a longer trip, guaranteeing you won't be stuck. The second battery pack is integrated with a platform for energy that supports quick charging. Range concerns may be eliminated with a simple pit break lasting only 18 minutes and adding 70 km of range. Their batteries are made to sustain 2000–2,500 charge cycles. In order to speed up manufacturing as they prepare for a major launch in January 2024, Seltra is trying to find a million-dollar investment. Seltra is ambitious to produce 30 scooters for the pilot phase and 2,000 scooters by the end of the next year.

The portable battery pack has an outstanding 50km range and only weighs 7.7kg, making it ideal for commuting within the city. The fixed battery option provides you a significant 180km range

Seltra is all set to launch its first E-scooter

Seltra is all set to launch its first E-scooter for B2B Segment: All you need to know

Tesla suffered a significant blow on Thursday when the Indian finance ministry said that it is not planning to waive any customs duties for the Elon Musk-owned <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a> business.&nbsp; According to Sanjay Malhotra, India's tax secretary, "Any duty waiver for Tesla is not under active consideration of the Department of Revenue, as of now."&nbsp;Following Musk's assertion that Prime Minister Narendra Modi had asked his business to make large investments in India, the finance ministry issued a response.&nbsp; Malhotra's remarks are significant because the producer of electric vehicles previously requested remission of customs duties in order to bring Tesla automobiles into India. The negotiations to create a foothold in the third-largest economy in Asia fell down, however, because India had already rejected Tesla's proposal.&nbsp;It should be remembered that India taxes electric vehicles at 100% import duty.&nbsp; One of the most valuable manufacturers in the world, Tesla, was recently in the headlines for talking to the Indian government about opening manufacturing units. According to a story in The Times of India, Tesla was looking at setting up a supply chain for electronics and <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">car</a> parts in India.&nbsp; With pricing starting at $24,400, the new facility is anticipated to have an annual manufacturing capacity of 500,000 electric vehicles. Additionally, Tesla plans to base its EVs in India before shipping them to the Indo-Pacific area. This will assist the EV manufacturer in lessening its reliance on China for its supply chain.&nbsp;

The Indian finance ministry has stated that it is not contemplating any custom duty waiver for the Elon Musk-owned firm, making the entry of Tesla into the Indian market more difficult

Tesla struggles to enter India’s EV market

Tesla struggles to enter India’s EV market as finance ministry upheld “no-duty-waiver”

The company's public market debut announcement comes as it nears the end of its $25 million Series A1 investment round.  | EV Marketplace

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Pure EV to launch IPO, aims to become second listed EV Manufacturer in India

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