The corporation is in a good position to benefit from the FAME III program, which is predicted to be followed by the EMPS. Currently, the EMPS has been extended by the Indian government till September 30, 2024.

Revolt Motors to enjoy subsidy under EMPS once again

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Revolt Motors on Wednesday has once again gained the eligibility to be qualified for the electric vehicle (EV) subsidy schemes offered by the Indian government. The company has been approved by the Ministry of Heavy Industries to enjoy subsidies under the ongoing Electric Mobility Promotion Plan (EMPS) 2024. The update has increased the chances of the company to get further qualified for the expected FAME III subsidy plan.&nbsp; With the latest update, Revolt Motors is now eligible to receive subsidies for electric two-wheelers under the EMPS 2024. The corporation is in a good position to benefit from the FAME III program, which is predicted to be followed by the EMPS. Currently, the EMPS has been extended by the Indian government till September 30, 2024. The subsidy is expected to boost Revolt Motors' position in the rapidly growing Indian electric two-wheeler market. The Indian EV market is expanding as a result of many factors, including government subsidies, growing fuel prices, and environmental concerns. While it is too early to tell how this clearance will affect Revolt Motors' sales, market share, or the larger Indian electric two-wheeler industry, it is a step in the right direction towards the nation's objective of seeing a rise in EV usage.

Revolt Motors to enjoy subsidy under EMPS

Prashant

India's first second-life battery-powered solar EV charging station established 1.5 km from Kempegowda International Airport, would be operational by the end of October, citing a Bescom source, Deccan Herald(DH) reported.&nbsp; The private-public cooperation between Bescom and GIZ, a German corporation, is expected to serve approximately 1,000 EVs each day, including 175 EV taxis introduced by Kempegowda International Airport. Second-life batteries are ones that have already finished their five-year life cycle. However, these batteries may still be charged and used for another five years.&nbsp; According to the report, the idea intends to eliminate the disposal of used batteries while also saving expenses.&nbsp; The facility spans 70 meters and contains 23 compartments. Each compartment is 7 meters long and 2.5 meters wide, and the station can charge up to 23 automobiles at one time.&nbsp; DH further reported that the station would be open 24 hours a day and would offer both AC and DC charging at the outlet, with each costing Rs 7.5 and 6.7 per unit, respectively. Beneficiaries can access charging stations using the EV Mitra application.&nbsp; The EV charging station, which cost an estimated Rs 4 crore, has a power capacity of 400 kV. Reportedly, the solar panels are expected to generate only 45 kV out of the required 400 kV. The remaining electricity would be provided by the Karnataka Electricity Transmission Corporation Limited (KPTCL) grid near the charging station. In a new effort to guarantee that no power generated by a solar setup is wasted, the charging station is equipped with a metering device that monitors the generated electricity. The connecting facility between KPTCL and the charging station will be used to send excess solar power to the grid.&nbsp; While Karnataka already has the most EV charging stations (nearly 5,700), it is about to become the first state to install a second-life battery-powered solar EV charger.&nbsp;

Second-life batteries are ones that have already finished their five-year life cycle. However, these batteries may still be charged and used for another five years. 

Bengaluru to inaugurate -2nd-life solar battery

Bengaluru to inaugurate India’s first 2nd-life solar battery-powered EV charging station

Amara Raja Energy &amp; Mobility (ARE&amp;M), on Monday, declared its intention to seek external funding options including debt, equity, or a combination of both. Reportedly, the firm is looking for funding to reach its goal of allocating Rs 9,500 crore for the establishment of a gigafactory corridor in Telangana. Currently, AREM is sourcing its funds by investing through Amara Raja Advanced Cell Technologies (ARACT) and internal accruals. It is to be noted that the ARACT has been previously separated to form a new entity. "We intend to use our own internal accruals and borrowings to manage during the initial phase of our manufacturing activities when we reach the 8–10 gigawatt-hour (GWH) capacity. However, to go beyond that, equity funding will be required,” according to AREM Chairman and Managing Director Jayadev Galla. ARACT, a subsidiary entity formed in 2021 is in charge of making battery packs, fixed chargers, and individual cells for electric vehicles. Amara Raja said in December 2022 that it is constructing a 16 GWH lithium-ion cell manufacturing and battery pack assembly factory in Telangana. The Amara Raja Group launched phase 1 of the 1.5 GWH battery pack facility in Mahabubnagar district this week, along with a groundbreaking ceremony for their Customer Qualification facility for cell production. Gala said, “Our goal is to have a manufacturing capacity of 16 GWH cells by 2029.” He further emphasized that the company’s capacity increase would be adjusted in accordance with the outcome of the market demand. He continued, "We have not yet decided on the course of action at that point, but we're looking at different options."&nbsp; Giving indication to the company’s intention of listing, he further added that they will seek stake dilution after achieving 50% of the intended production. Galla stated he won't be able to disclose the amount to be raised or the level of stake dilution at this time.

ARACT is in charge of making battery packs, fixed chargers, and individual cells for electric vehicles. Amara Raja said in December 2022 that it is constructing a 16 GWH lithium-ion cell manufacturing and battery pack assembly factory in Telangana.

Amra Raja seek external funding 

Amra Raja plans to expand EV battery manufacturing, seek external funding 

Porsche has introduced two new Macan EV models to the Indian market, with prices starting at Rs 1.23 million. The upscale e-SUV made its debut in this market with a single Turbo grade, which has also seen a price increase. In addition to the new entry-level Macan, EV Porsche has introduced a new 4S version, priced at Rs 1.39 crore. The pricing of the Macan EV Turbo is now Rs 1.69 crore instead of Rs 1.65 crore. Porsche's first rear-wheel drive SUV is the entry-level model, which has a single electric motor located in the back. The Macan EV can accelerate from 0 to 100 miles per hour in 5.7 seconds with its motor's 360 horsepower and 563 Nm of torque. Its maximum speed is electronically regulated at 220 mph.&nbsp; Porsche has also introduced an available 20-inch Macan S alloy wheel and a new exterior colour choice called Slate Grey Neo. For the whole range, an optional new off-road design package is also offered, which improves the ground clearance by 10mm and raises the approach angle. A 100kWh battery pack is included with each of the three trim levels. The Macan 4S EV reaches 606 km on a single charge, the entry-level model reaches up to 641 km, while the range-topping Macan Turbo EV gives 591 km. Because it is built on the PPE platform, the e-SUV has an 800V charging design that allows for DC charging of up to 270kW. The Macan EV's battery can be charged from 10 to 80 per cent in 21 minutes with the right fast charger. Luxury electric SUVs like the Mercedes EQE SUV, BMW iX, and Audi Q8 e-tron compete with the Porsche Macan EV. The two new models are now accepting reservations, and delivery is scheduled to start later this year.

The Macan 4S EV reaches 606 km on a single charge, the entry-level model reaches up to 641 km, while the range-topping Macan Turbo EV gives 591 km.

Porsche launches Macan EV RWD

Porsche launches Macan EV RWD in India: All you need to know

In a continuous spell of offers, Ola Electric on Wednesday announced ₹ 2,500 off on its flagship offering of S1 Pro and S1 Air for a limited time period from July 3 to July 10. After the offer, the ex-showroom price of the S1 Pro will be ₹ 1,31,499, while the S1 Air will cost ₹ 1,03,499. Under the new update, users can also enjoy a financial benefit of 5% off or ₹5000 cashback whichever is less on selective credit cards. The offer is applicable to Federal Bank, IDFC Bank, OneCard and Yes Bank.&nbsp; The newly introduced Pan India offer will continue with the ongoing sale of ₹ 15,000 off on S1X+&nbsp;making the ex-showroom price of the electric scooter ₹ 84,999. Earlier, Ola Electric rolled out the “Ola Electric Rush”&nbsp;offer in which the company announced ₹10,000 off on the Ola S1X+. Following the Ola Electric Rush, the company with its new offer seems to keep itself in the spotlight.&nbsp; For the month of June, Ola Electric has been able to retain 46% of its market share. The latest offer seems to be a reaction to the continuous loss of market share by the company.&nbsp;&nbsp;

Under the new update, users can also enjoy a financial benefit of 5% off or ₹5000 cashback whichever is less on selective credit cards. The offer is applicable to Federal Bank, IDFC Bank, OneCard and Yes Bank. 

 ₹ 2,500 off on S1 Pro and S1 Air

Ola Electric offer:  Enjoy ₹ 2,500 off on S1 Pro and S1 Air

Prashant Sha

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

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

Bescom to establish EV charging stations

Bescom to establish EV charging stations at state’s APMCs

Hyundai’s next upcoming major offering in the Indian automobile market is likely to be the all-electric Creta SUV. In the upcoming year, the well-liked vehicle will get an electric drivetrain replacement. Additionally, the same is scheduled to go into production in December of this year. The redesigned Creta facelift will serve as the foundation for the Hyundai Creta EV. The vehicle will include aerodynamic alloy wheels, a front-fender located charging port, a modified bumper, and a blanked-off grille—a few features not found on other EVs. These can be seen in the most recent spy photos. Regarding features, the Creta EV is expected to include a panoramic sunroof, new seat upholstery, dual-zone temperature control, a revamped centre console and AC vents, a new steering wheel, and a drive selector positioned in the steering column. A Level 2 ADAS suite, a 360-degree surround camera, a blind spot monitor, adaptive cruise control, six airbags, and front and rear parking sensors are further features that the electric SUV will include. Concerning the size and driving range of the battery pack, it is anticipated that the Creta EV will be available with a respectably large 50kWh to 60kWh battery unit, which should provide more than 500km of range on a single charge. The MG ZS EV, Tata Nexon EV, Mahindra XUV400, Tata Curvv EV, and Hyundai Kona Electric will be the Creta EV's competitors when it debuts on the market.

Regarding features, the Creta EV is expected to include a panoramic sunroof, new seat upholstery, dual-zone temperature control, a revamped centre console and AC vents, a new steering wheel, and a drive selector positioned in the steering column.

Hyundai to unviel all-electric Creta SUV

Hyundai to unviel all-electric Creta SUV?

Ola Electric, TVS Motor, Bajaj Auto, Hero MotoCorp, and Ather Energy have successfully obtained manual certifications from the Ministry of Heavy Industries (MHI) to be eligible for subsidies under the Electric Mobility Promotion Scheme (EMPS) 2024, just in time for Navratri and the next high-sale season. While the online gateway for completing the application procedure for EMPS subsidies is not yet available, enterprises are nevertheless receiving a "go ahead" certificate in manual format from the Ministry of Heavy Industries (MHI). "These enterprises applied for certificates during the final week of March, and the MHI began manually issuing the certificates on April 2 in the evening. Although the online site is not yet complete, it is anticipated to be live within the next ten days, at which point these paper forms will also be posted there,” citing a person with direct knowledge of the situation Businessline reported. “Businesses and automobiles produced as of April 3 are relieved since they will qualify for the program's incentives,” the source stated. To get advantages under the EMPS 2024 plan, the source said, Mahindra Last Mile Mobility and Piaggio Vehicles must also have obtained the certifications to market their electric three-wheelers (e3Ws). A maximum ₹10,000 subsidy per electric two-wheeler (e2W) and ₹25,000 for e3W is available under the EMPS 2024. Additionally, the programme grants heavy e3Ws (autos and commercial units) up to ₹50,000. In a March 13 Gazette notice, the government informed the EMPS of a ₹500 crore expenditure, allowing the Faster Adoption and Manufacturing of (Hybrid &amp;) Electric Vehicles in India (FAME) project to continue till July in a different capacity.

While the online gateway for completing the application procedure for EMPS subsidies is not yet available, enterprises are nevertheless receiving a "go ahead" certificate in manual format from the MHI.

 Ola, TVS, and others get EMPS certificates as Navratri approaches

Still time to get EV subsidy? Ola, TVS, and others get EMPS certificates as Navratri approaches

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

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

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

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

The corporation is in a good position to benefit from the FAME III program, which is predicted to be followed by the EMPS. Currently, the EMPS has been extended by the Indian government till September 30, 2024.  | EV Marketplace

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Revolt Motors to enjoy subsidy under EMPS once again

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