SKODA is looking at a number of partnerships and localization techniques to produce an inexpensive EV for the Indian market.

SKODA expected to launch pocket-friendly EV in India: All you need to know

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A cost-effective <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">electric vehicle (EV)</a> with a starting price of between Rs. 12.5 lakh and Rs. 16.6 lakh (ex-showroom) is about to be released in India by the Czech carmaker SKODA. The business wants to compete with current models like the Tata Nexon.ev, Mahindra XUV400, and the future Citroen eC3 Aircross while riding the wave of EV popularity in the nation. SKODA Auto board member Martin Jahn discussed the company's goals during a gathering in Vietnam, where it recently started doing business. The business is looking at joint ventures and opportunities for regional production. SKODA is looking at a number of partnerships and localization techniques to produce an inexpensive EV for the Indian market. The MEB platform from Volkswagen might be modified for regional manufacturing; alternatively, a new electric platform could be developed in collaboration with a regional original equipment manufacturer (OEM). Given their prior partnerships on the MEB platform and powertrains, Mahindra may be a prospective partner for the carmaker. Electrifying current models is being considered One of SKODA's existing models may be converted into an entry-level EV for India. The top competitors are KUSHAQ and SLAVIA since they both rest on the MQB A0 IN platform. SKODA might save expenses associated with designing and constructing a new model from scratch and increase production effectiveness by electrifying these cars. For the desired pricing range, a single-motor front-wheel-drive setup with a battery capacity of 40 to 45 kWh would be appropriate. Future goals and anticipated launch date for SKODA In 2025, SKODA's cheap EV is anticipated to arrive in North America. Prior to that, the business intends to release the ENYAQ EV in the premium segment. The automaker's development ambitions in the ASEAN area include a greater component aimed towards India. The facility at Chakan, India, is crucial in delivering automobiles to Vietnam and other emerging countries. The area will have the KODIAQ, KAROQ, KUSHAQ, SUPERB, SLAVIA, and OCTAVIA as well as the ENYAQ EV in the automaker's lineup.

SKODA expected to launch pocket-firendly EV

Prashant

EVFY, an electric automotive solutions startup, has joined the EV charging infrastructure sector by establishing its first electric vehicle (EV) charging station in Sector 73, Gurgaon, Delhi-NCR.&nbsp; This is the company’s first of 100 planned charging stations in the area, aimed to boost India's electric mobility expansion. The charging station, located at The One, Sales Gallery, Southern Peripheral Road (SPR), has dual gun capability, a digital display with RFID for user engagement and security, and power outputs of 120 kW, 60 kW, and 7.4 kW respectively. These features of the station are expected to support a wide range of EV models, including two-, three-, and four-wheelers. India's public EV charging infrastructure has expanded significantly, rising from 1,800 stations in February 2022 to 16,347 by March 2024. With forecasts predicting that over 50 million EVs will be on the road by 2030, the need for charging stations is likely to grow significantly. Shikhar Yadav, the founder of EVFY, intends to add more locations to his charging network such as Dwarka Motorway, Airport Area and New Gurgaon. Additionally, the company claims to install ultra-fast chargers with a power output of 150 kW along with hyper-fast ones at 350 kW in future. The company is also seeking partnerships with EV manufacturers and plans to work together with real estate developers and housing societies to expand its network. Hritik Sharma, co-founder of EVFY said that their aim is to make ownership and charging of electric vehicles easier so as to increase usage throughout India. Furthermore, EVFY is set to introduce an app that will assist in accessing their EV charging stations while aiding the switch towards electric transport systems.

The charging station, located at The One, Sales Gallery, Southern Peripheral Road (SPR), has dual gun capability, a digital display with RFID for user engagement and security, and power outputs of 120 kW, 60 kW, and 7.4 kW respectively

Evfy establishes its first EV charging station

Evfy establishes its first EV charging station in Delhi NCR

Announcing a women’s day special offer, Ola Electric on Friday rolled out a Rs 2000 cashback benefit for its women customers on the purchase of Ola S1X+, S1 Air, and S1 Pro. Considering the registration and purchase process, the offer is reported to end by Sunday. Moreover, along with the women’s day offer, the company has also announced a limited-time discounted price for the same set of vehicles. The relatively new EV in the fleet of Ola, the S1X+ will be available at ₹79,999 against its original price of ₹1,09,999. Meanwhile, the most affordable ride offering of the company- S1 Air whose original value is ₹119999 will be available at a discounted price of ₹99,999. Ola Electric’s flagship product- S1 Pro will also be available for the customers at a discounted price of ₹1,24,999 against its original price of ₹147499.&nbsp; The limited-time offer available for everyone is set to expire by the end of March with the conclusion of the FAME-II subsidy.&nbsp; It is to be noted that the women’s special offer is an additional cashback benefit for women customers over the limited-time discounted prices.<img src="https://lh7-us.googleusercontent.com/wVsRxLylBiYNf8AQiH1BgzQiXCBS8FaMcjzP42GWgtwrVSzg0RaIJgK36CiGtvyAoQ3mWxFWaWmGiJ-HbGnnEMYZrAKWONg-2HnnbutOsqfc5Ybz3Itk7eiTRE_H5oyssPd-sNoA2I1-KRh1-tZzRDg" height="1069" width="602">What else does the offer include? Finance offers- &nbsp;While purchasing their Ola electric scooter customers can enjoy 5% off up to ₹5,000 on Credit Card EMI (Applicable on BOB, IDFC, Yes Bank, Federal Bank and Onecard). Additionally, based on their portfolio, Ola Electric also provides a zero downpayment option making the deal even more financially viable. As per the company’s guidelines, IDFC account holders will be exempted from the processing fees. Extended warranty- Countering the battery health dilemma, Ola Electric previously announced an 8-year battery warranty on their products which stands as the longest warranty available in the Indian EV market.&nbsp; Exchange value- Interested customers can exchange their used petrol scooter with a value of up to ₹40,000. The exchange will require a set of ownership documents ensuring a smooth transition to clean energy.&nbsp; To claim your Ola electric offer visit <a href="https://evindia.online/electric-vehicle-companies/ola-electric-ev" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EVINDIA OLA Page</a> and bring your futuristic ride home

Ola Electric offers S1X+ at ₹79,999 (down from ₹1,09,999), S1 Air at ₹99,999 (down from ₹1,19,999) & S1 Pro at ₹1,24,999 (down from ₹1,47,499). 

Ola electric offer

Ola 72hr electric rush from 8-10 march: Buy S1 EV at discounted price before FAME-II ends

The Volkswagen Group and billionaire Sajjan Jindal's JSW Group are in negotiations to establish a joint venture (JV) for the production of electric vehicles (EVs) in India, according to persons with direct knowledge of the talks. The individuals, who asked to remain anonymous, stated that the two groups would soon move into an exclusivity period during which the parties could not negotiate with other possible partners. They also said that the conversations started earlier this month. Recently, the Odisha government and the JSW Group inked a deal for the establishment of an integrated electric vehicle (EV) and battery manufacturing facility at Cuttack and Paradip, with an anticipated ₹40,000 crore investment. In answer to a question, a JSW representative stated, "We refrain from providing comments on market rumours and speculations." "The significant Indian market is under the jurisdiction of Škoda Auto, a division of the Volkswagen Group.&nbsp; Further, a Volkswagen representative responded, "We are constantly looking for new business opportunities around the world, but please be aware that we typically don't comment on speculative news." China's SAIC Motor and JSW Group decided to collaborate on the development of electric vehicles (EVs) for the Indian market in December. The joint venture's financials were not made public, although both businesses said that JSW would own a 35 per cent share in it. According to previous reports, JSW will spend around Rs 2,800 crore on the JV, which is expected to have a valuation of Rs 8,000 crore. The reports also say that JSW planned to bring on other financial investors to the joint venture at a later date. Enhancing local sourcing, upgrading charging infrastructure, increasing manufacturing capacity, and launching a wider variety of vehicles with an emphasis on green mobility are just a few of the projects that the SAIC-JSW JV hopes to carry out.

Enhancing local sourcing, upgrading charging infrastructure, increasing manufacturing capacity, and launching a wider variety of EVs are just a few of the projects that the SAIC-JSW JV hopes to carry out.

 Volkswagen and JSW group join hands to establish EV joint venture

In a funding round headed by Omidyar Network, electric vehicle finance company Revfin has secured $14 million, or around Rs 115 crore. Omidyar Network contributed $5 million of the total, accompanied by contributions from the Asian Development Bank, Companion Capital, and already-investing parties Green Frontiers Capital and LC Nueva. With this fundraising, Revfin has now raised a total of Rs 625 crore in debt and equity. The business noted in a statement that this latest round of funding is Revfin's second sizable investment in the previous 12 months. Omidyar's support came shortly after the investment group left India. It had stated earlier in December that it would meet its obligations for follow-up rounds even though it would cease making new investments and fully exit the market by the end of 2024. The money will be utilised to grow Revfin's business, which finances EVs of all kinds, including two- and three-wheelers. "In addition, the funding will support different parts of the EV ecosystem, which involve charging stations and batteries," added the announcement. "Non-traditional data such as biometrics, psychometrics, and gamification" is how Revfin, which was founded in 2018, delivers finance. It plans to finance 20 lakh electric automobiles in the next five years, and it claims to have sponsored approximately 35,000 electric vehicles to date. Due to a significant decrease in FAME 2 subsidies, the field of EV financing has opened for new NBFC players. In this newly found playground, Revfin will compete against companies like Eversource Capital and other NBFCs in the climate financing sphere.

Revfin will compete against companies like Eversource Capital and other NBFCs in the climate financing sphere.

Revfin receives Rs 115 crore

EV Financing Startup Revfin receives Rs 115 crore of fresh investment

Within the site, Technopark in Thiruvananthapuram unveiled its first solar-powered <a href="www.evindia.online " rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">electric vehicle</a> (EV) charging station. Technopark CEO Col Sanjeev Nair (Retd.) inaugurated the EV charging station in the presence of CFO Jayanthi .L, General Manager (Projects) Madhavan Praveen, and staff members of Technopark. The new solar-powered charging station, which advances green energy and sustainability, is only accessible to Technopark staff members. A hybrid EV charging station powered by solar energy has been developed by Technopark as part of the State Government's initiative to promote the construction of EV charging stations. Both slow and fast charging are available at the station, and one automobile may be quickly charged there at the same time as one <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">two-wheeler</a> and one<a href="https://evindia.online/vehicles?type=4" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;"> three-wheeler</a> are slowly charged. The station has cutting-edge 16kW mono perc half cut solar panels that effectively capture sunlight and transform it into a clean, renewable energy source for recharging cars. This new charging station's installation has brought Technopark one step further to being a carbon-neutral IT park. The Engineering Department of Technopark created and implemented this EV charging station in its entirety. General Manager (Projects) said that because this EV charging station includes three power sources—solar, EB, and DG—it is special and always in use. At this station, a sizable number of cars may be charged simultaneously. The station charges Rs. 15.34 for fast charging and Rs. 10.61 for slow charging per unit. Technopark is encouraging its staff to use eco-friendly travel by adding this new feature and showcasing its commitment to sustainability.

Both slow and fast charging are available at the station, and one automobile may be quickly charged there at the same time as one two-wheeler and one three-wheeler are slowly charged.

he station has cutting-edge 16kW mono perc half cut solar panels that effectively capture sunlight

The station has cutting-edge 16kW mono perc half cut solar panels that effectively capture sunlight

First solar-powered EV charging station opens at Technopark.

As the British luxury carmaker plays catch-up with rivals, Jaguar Land Rover (JLR) announced on Wednesday that it will invest 15 billion pounds ($19 billion) over the next five years in electric cars (EVs) and will deliver a new electric Jaguar by 2025.JLR, which is owned by Tata Motors in India, announced in early 2021 that Jaguar would be totally electric starting in 2025, but it was unable to confirm this information on Wednesday. The automaker had declared that it would spend 2.5 billion pounds on electrification annually. The demand for automakers to electrify swiftly is increasing, particularly in China where the market is developing more quickly and there is a greater push to reduce prices.Mercedes and BMW, two premium German rivals, have already released a number of electric vehicles. BMW alone has vowed to launch 11 new EV models in China by the end of the year. In 2018, JLR unveiled the well-received electric I-Pace, but the company has not subsequently introduced any other zero-emission cars. The British automaker announced that its Halewood plant in northwest England would switch to producing only electric vehicles.Order books for the new all-electric Range Rover SUV, which JLR also aims to release in 2025, will open later this year. The new Jaguar will be the first of three new electric vehicles to be produced at the automaker's Solihull plant in central England. Although JLR declared a quarterly profit in January, the pandemic and the lack of semiconductor chips have affected them more than other major automakers because they have more clout with suppliers. In its fiscal 2022 year ending March 31 last year, JLR sold 376,381 units, 39% below its fiscal 2018 year - the last year for which it reported a full-year profit. Earnings before interest and taxes, according to JLR, are expected to have a double-digit margin by 2026. Its most recent quarter's EBIT margin, an important indicator of profitability, was 3.7%. According to the reports, Tata, the owner of JLR, is also thinking about constructing an EV battery plant in Britain or Spain that would supply JLR.

JLR will invest 15 billion pounds ($19 billion) over the next 5 years in EVs and will deliver a new electric Jaguar by 2025

JLR aims to deliver new e-jaguar by 2025

Jaguar Land Rover accelerate  investment to catch up with EV race

By switching to a digital vehicle architecture, the latest manufacturer, Chinese <a href="http://evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicle</a> producer<a href="https://www.heyxpeng.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);"> Xpeng Inc</a>, just like <a href="https://www.tesla.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Tesla</a> is seeking to reduce costs and expedite research and production.&nbsp; The Smart Electric Platform Architecture 2.0 from Xpeng, which was unveiled this week ahead of the Shanghai Auto Show, is essentially built on the same foundation as the Model Y that Tesla has been developing for the past two years. It consists of large, single-piece front and rear underbody castings that are joined in the middle by a sizable battery pack that helps to reinforce the vehicle body structure. The tiny SUV G6, which is the first Xpeng car to utilise the SEPA 2.0 platform, was introduced at this week's Shanghai exhibition and is frighteningly similar in size and appearance to the car Y. According to Xpeng, the G6 will start a little under $30,000, which is over $10,000 less than the least expensive Model Y made in Shanghai. According to market analyst Sandy Munro for Reuters, "It's obvious the design of the (G6) came from the Model Y." This is not unexpected. Elon Musk, the CEO of Tesla, has stated that he is aware that other businesses will emulate him. In addition to competing with more established local manufacturers, such as market leaders BYD and Geely. Nio and Li Auto, six-year-old Xpeng is one of several Chinese newcomers. Xpeng, a Guangzhou-based automaker, is named after its creator and CEO He Xiaopeng, a former leader of Alibaba's Mobile BG division who established the company in 2017. Munro claims that Xpeng's streamlined vehicle platform design, which is essentially a three-piece chassis that is flexible and expandable, appears to have been copied from Tesla. It reduces the need for parts, tools, development, and assembly time. A similar platform might provide Tesla, Xpeng, and other automakers thinking about adopting this strategy with a new tool to help recover profits damaged by recent price wars in China and other regions. This fundamental platform is essential to Tesla's so-called unboxed assembly method, which the carmaker unveiled at its Investor Day on March 1. Tesla executives claimed at the time that the new method would enable the business to drastically reduce its factory footprint and slash production costs in half if it is put into use at its new plant in Mexico early the following year. Within the next two years, Tesla anticipates that the new manufacturing method it is developing around the streamlined platform will allow it to release an electric vehicle for under $30,000. A "smart manufacturing system" will be implemented at Xpeng's factories in Zhaoqing and Guangzhou over the following two years in order to create vehicles based on the new platform. SEPA 2.0 will be implemented across at least 10 future models, beginning in late 2024 with the new G6 SUV. <img src="https://api.evindia.online/uploads/blog/2023-04-19-07-04-16-featured-800x441.jpg" width="660" style="cursor: nwse-resize;">

The Smart Electric Platform Architecture 2.0 from Xpeng  is essentially built on the same foundation as Tesla's Model Y

Xpeng launches Smart Electric Platform Architecture 2.0 

China’s OEM Xpeng follows the footstep of Tesla to make new EV platform

The Chinese EV maker, BYD, backed by Warren Buffet, recently launched the most awaited Atto 3 electric SUV into the Indian EV market. It is a firm that has a prominent position at the forefront of electric vehicle technology, having made significant technical, financial, and cognitive investments in the EV industry. It creates the Blade, generally regarded as the smartest and most cutting-edge lithium-ion battery in the world. This is no little accomplishment. Even Tesla, which takes great pride in its in-house battery technology, will probably employ BYD's Blade cells for its Model Y, which is made in Germany. Additionally, it is one of the world's biggest makers of lithium-ion batteries. Therefore, BYD is certainly not a tech dummy.&nbsp;The business is not new to India. The business has been operating at this location for the past 15 years, focusing on chargers, solar cells, battery bank, electric buses, vehicles, and forklifts, as well as mobile accessories. The Atto 3 is BYD's second vehicle to enter the Indian market; the company now has roughly 20 dealers spread throughout the country's major cities. The EV is priced at around Rs. 33.99 lahks (ex-showroom) and offers a range of around 521km when fully charged. The company has already begun shipment of the BYD Atto 3 in India. Range, Battery &amp; Charging Time the India-specific The 60.48 kWh battery pack of the BYD Atto 3 is said to provide 521 kilometers of driving range on a full charge. BYD claims that a DC fast charger can recharge an electric SUV from empty to 80% in 50 minutes. Nevertheless, it would take the standard AC household charger about 10 hours to recharge completely. Features The BYD Atto 3 has a solitary electric motor that produces 201 horsepower and 310 Nm of peak torque. The sprint time from 0 to 100 kph is reportedly 7.3 secs. This electric SUV includes a magnificent sunroof, a touchscreen infotainment panel, a spinning 12.8-inch touch instrument cluster with Apple CarPlay, and more. Bookings In January 2023, BYD India sent out over 340 Atto 3 electric SUVs. The business claims that the EV was delivered to clients after being dispatched to its dealerships all throughout India. It's important to note that the Atto 3 had more than 1,500 reservations by December of last year, and that figure is likely to have increased considerably more by this point.

BYD Launches All New Byd Atto 3 in India : Range, Performance & More…

The Chinese EV maker, BYD recently launched the most awaited Atto 3 electric SUV into the Indian EV market. The Atto 3 is BYD's second vehicle to enter the Indian market.

Somsubhra Chowdhury

SKODA is looking at a number of partnerships and localization techniques to produce an inexpensive EV for the Indian market.  | EV Marketplace

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