By just tapping the EZ Charge RFID card on the EZ charger of Tata Power, EV customers may initiate the charging process based on their pre-set recharge value.

Tata Power unveils EZ charge card for EV users

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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

Roadster 3.5

Roadster X 3.5

Roadster X 4.5

Roadster X 2.5

Roadster 4.5

Roadster 6.0

Oben Electric EV

Rorr EZ 3.4 kWh

Rorr EZ 2.6 kWh

Rorr EZ 4.4 kWh

Hop Electric

OXO-X

Bajaj EV

Chetak 3502

Chetak 3501

VIDA World EV

V2 Pro

V2 Plus

V2 Lite

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

Revolt Motors EV

RV400

Matter

AERA 5000

Tork Motors

Kratos R

A recent study projects that 15.1 million electric vehicles will be sold worldwide in the upcoming year, accounting for 16.7% of all new automobile sales worldwide. According to the report, sales of BEVs are expected to reach 11.6 million units in 2024, with a nearly 30% annual rise predicted in 2025. According to the S&amp;P Global Mobility research, government policies, tariffs, incentives, and charging infrastructure will all have an impact on growth, which will differ by region. Focusing on specific regions, the data projected that despite a 117% year-over-year increase, the survey found that EVs will only make up 7.5% of all automobile sales in India.&nbsp; The research further showed that EVs will increase by 36% in the US, but their market share will only be 11.2%. However, ten years ahead of schedule, EVs are predicted to surpass ICE-powered vehicles in China for the first time. In central and western Europe, BEVs are anticipated to hold a 20.4% market share and boost their sales by 43.4% annually.

Focusing on specific regions, the data projected that despite a 117% year-over-year increase, the survey found that EVs will only make up 7.5% of all automobile sales in India. 

EV sales to increase by 30% across world in 2025: Study

Ather Energy, India’s premium two-electric vehicle manufacturing company, on Dec.30, secured the final approval from the Securities Exchange Board of India (SEBI) to release its Initial Public Offering The company's Draft Red Herring Prospectus indicates that the total IPO size may be approximately Rs 4,500 crore, however, the firm has not yet filed its RHP paperwork. Following its rival Ola Electric Mobility's August debut, Ather Energy will be the second business to list on the bourses if the IPO is launched. Ather submitted draft documents on 9 September in an effort to raise money for debt reduction and the construction of an E2W (electric two-wheeler) factory in Maharashtra. In the initial public offering (IPO), promoters and investors will offer 2.2 crore equity shares for sale in addition to a new issue of equity shares valued at Rs 3,100 crore. According to a report by Moneyvcontrol, Ather is trying to achieve a valuation of approximately $2.5 billion. Since its most recent funding, the valuation has doubled. Ather Energy became a unicorn business in August 2024 after securing $71 million in a fresh investment round led by its current partner, the National Investment and Infrastructure Fund (NIIF). Following the last investment, the company's valuation reached $1.3 billion.

Ather submitted draft documents on 9 September in an effort to raise money for debt reduction and the construction of an E2W (electric two-wheeler) factory in Maharashtra. 

Ather Energy to launch its IPO: SEBI gives final nod

To prevent overheating in electric vehicle batteries, Hyundai Mobis has produced a new battery cell cooling material, energetic reported.&nbsp; To increase its competitiveness in the upcoming mobility sector, the corporation wants to secure this breakthrough battery cooling technology and commercialise it. This substance, known as the "Pulsating Heat Pipe," is positioned between battery cells to reduce the internal battery temperature that rises during rapid charging. It is made of aluminium alloy and refrigerant. By putting in place a reliable thermal management system that can handle the heat, it is anticipated that ultra-fast charging can drastically cut down on the amount of time needed to charge electric vehicles, even as battery heat generation increases. Heat pipes are high-heat-dissipation materials used to cool electronic devices like computer CPUs and cellphones. They are metal tubes that improve the efficiency of heat transfer between two items. In particular, pulsing heat pipes disperse heat by means of internal refrigerant circulation and vibration, causing minimal performance degradation owing to gravity, even when used in high-speed moving vehicles. more than ten times the efficiency of heat transport when compared to the norm. The heat from overheated battery cells is quickly transferred to the outside using aluminium. Battery management systems (BMS), cooling fans, and other electronic equipment are typically added to numerous battery modules (BMA) to make battery systems (BSA). Optimising the cooling structure is crucial to preventing battery cell overheating in BMA, a module-level component that directly generates electrical energy and has several battery cells stacked. PHPs were successfully positioned between each battery cell by Hyundai Mobis. They stabilised the internal temperature at the module level by swiftly transferring the heat produced in each cell to cooling blocks. Making the PHP manufacturing process simple, Hyundai Mobis used a press process technology and decreased production costs by permitting large-scale continuous production during the manufacturing stage. It also achieved PHPs with a thickness of only 0.8mm, which is much smaller and has a bigger area than traditional heat pipes (about 6mm) to make mounting on vehicle batteries easier. The objective of this improvement in product quality is to encourage the use of electric vehicles.

Heat pipes are high-heat-dissipation materials used to cool electronic devices like computer CPUs and cellphones. They are metal tubes that improve the efficiency of heat transfer between two items.

Hyundai Mobis develops new battery cooling technology 

The all-new compact electric vehicle EZIO will soon be staged in the upcoming Bharat Mobility Global Expo 2025, according to the manufacturer Gensol Electric Vehicles Pvt Ltd, a subsidiary of Gensol Engineering Limited. Scheduled from January 17, 2025, to January 22, 2025, the global expo will take place at the Bharat Mandpam, New Delhi.&nbsp; As per reports, the vehicle will be intelligent and efficient in space. The car will come in a 2-door, 2-seater design and will support sustainability in transportation.&nbsp; With the much-anticipated EZIO and EZIBOT, an electric concept cargo vehicle that offers a glimpse into the future of effective urban logistics, the Gensol EV stand, located in BM03, Hall 11, will be a major attraction at the expo. Produced in the company's greenfield plant in Chakan, Pune, which has a 30,000 unit production capacity annually, the facility is reported to be ideally situated to support the widespread adoption of electric vehicles in India. Following the launch, Gensol EV has extended an invitation to all partners, shareholders, and industry experts to visit the booth.&nbsp; Citing Anmol Jaggi, Managing Director of Gensol Engineering Ltd, Dalal Street Investment Journal reported, “We are thrilled to showcase at the Bharat Mobility Global Expo 2025. EZIO represents a bold step towards bringing India’s first truly modern and compact EV to market. It underscores our commitment to revolutionizing urban mobility while supporting the nation’s decarbonization goals.”

As per reports, the vehicle will be intelligent and efficient in space. The car will come in a 2-door, 2-seater design and will support sustainability in transportation. 

Gensol is all set to launch its first-ever e-car at Bharat Mobility Global Expo 2025

PURE EV, India's electric two-wheeler manufacturer, has made significant strides in sustainability and energy efficiency at its facility in Telangana. PURE EV, one of India’s leading electric two-wheeler makers has recorded significant cost reductions by achieving energy efficiency at its facility in Telangana.&nbsp; In its statement, the company claimed to have achieved notable operating cost reductions by combining a 500 KWh Energy Storage Solution (ESS) and a 125 KW solar power system with its diesel generator (DG) and grid electricity. In comparison to the prior fiscal year, this strategy led to a 60% decrease in electricity prices and a 65% reduction in DG fuel costs in FY 2024. Further increasing operational efficiency was the 50% reduction in peak load KVA charges. PURE EV intends to develop its infrastructure for renewable energy as part of its long-term sustainability strategy. The company plans to install an additional 500 KWh ESS and 125 KW of solar power capacity by FY 2026. Its goal of reaching net-zero carbon emissions at its headquarters and manufacturing sites will be expedited by this development. In its statement, the company claimed to have achieved notable operating cost reductions by combining a 500 KWh Energy Storage Solution (ESS) and a 125 KW solar power system with its diesel generator (DG) and grid electricity. In addition, it stated that consumers who traded in their previous models used these batteries for new purposes. For the most recent fifth-generation high-performance batteries from PURE EV. The company's dedication to environmental sustainability and its initiatives to promote a circular economy for electric vehicle (EV) batteries are highlighted by this creative strategy. "Power Using Renewable Energy (PURE) is our genesis, and we are delighted to see our actions align with this philosophy," said Dr Nishanth Dongari, Founder and Managing Director of PURE EV, highlighting the company's dedication to renewable energy.

PURE EV intends to develop its infrastructure for renewable energy as part of its long-term sustainability strategy. The company plans to install an additional 500 KWh ESS and 125 KW of solar power capacity by FY 2026.

PureEV records cost reduction by achieving energy efficiency 

Rilox EV has inaugurated its 76th showroom in the city of Prayagraj. The inaugural event featured product presentations, live demonstrations, and opportunities for test rides.&nbsp; Prayagraj Mayor Ganesh Kesarwani, Phoolpur MP Parveen Patel, BJP Maha Nagar Prayagraj President Rajendra Mishra, and Professor Anjani Kumar Malviya of Allahabad University were also present at the inauguration. The showroom displays Rilox EV's whole product line, which includes electric bikes, scooters, and choices for both personal and business usage. During test drives throughout the day, guests got the opportunity to witness the remarkable efficiency and sustainability of Rilox EV's automobiles, as per reports. With this launch, Rilox EV is beginning its strategic expansion in Uttar Pradesh, with plans to open showrooms in Varanasi, Kanpur, Lucknow, and Kaushambi in the future. "We are thrilled by the warm reception from the community and the enthusiasm shown by customers during the test rides, this demonstrates the rising need for eco-friendly and effective transportation options,” said Avesh Memon, founder and CEO of Rilox, who was excited about the debut. Moreover, the growth of Rilox EV extends beyond Uttar Pradesh. The company's leadership in electric mobility is further cemented by the fact that it is already well-established in states like Telangana, Maharashtra, Gujarat, Tamil Nadu, Karnataka, and Madhya Pradesh. As part of the company's national expansion plan, two other showrooms will open in Hyderabad and Jaipur after the Prayagraj event.

With this launch, Rilox EV is beginning its strategic expansion in Uttar Pradesh, with plans to open showrooms in Varanasi, Kanpur, Lucknow, and Kaushambi in the future.

Rilox EV inaugurates 76th Showroom in Prayagraj, attendees enjoy test rides

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

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

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

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

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

MHI releases draft guidelines on setting up EV charging stations

An enhanced radio-frequency identification card (RFID) for owners of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a>, the EZ Charge card was unveiled on Monday by <a href="https://evindia.online/company/tata-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Tata Power</a>, a provider of EV charging solutions. The integrated chip in the EZ Charge card enables safe and easy charging session initiation while assuring speedy and effective payment processing. By just tapping the EZ Charge RFID card on the EZ charger of Tata Power, EV customers may initiate the charging process based on their pre-set recharge value. The company claims that after the automobile is fully charged, users may begin their travels in comfort. By enabling users to share access without jeopardising private or sensitive app data, the EZ Charge card provides additional advantages.&nbsp; By enabling users to share access without jeopardising private or sensitive app data, the EZ Charge card provides additional advantages. The RFID card guarantees efficient charging and payment procedures, easing business dealings and improving customer experience. "The EZ Charge card of Tata Power is a new frontier integrating RFID technology with our Charge Point network to provide EV owners a quick, easy and convenient charging solution," Praveer Sinha, MD % CEO of Tata Power stated. We keep working together with Tata Motors to promote EV adoption and provide sustainable transportation for all Indians. Tata Power is dedicated to enhancing the EV ecosystem in India with its extensive EV charging infrastructure that spans over 350 cities and its presence in 550 cities. More than 40,000 home chargers, 4,000+ public and semi-public charging stations, and 250 bus charging stations make up their current infrastructure. Tata Power intends to install 25,000 charging stations during the next five years as part of its ambitious ambitions.

Tata Power unveils EZ charge card

Gensol to launch its first-ever e-car 

Bhavish Aggarwal, the CEO of Ola Electric, on Friday, released a teaser online debuting the upcoming Ola Roadster bike for the first time. The future electric bike of the electric vehicle famed company Ola Electric– Ola Roaster is scheduled to make its debut on August 15, 2024. Take a peek at this teaser. The battery pack of the upcoming e-bike seems similar to that of Ola Electric’s already-featured battery&nbsp; Announcing the delivery timeline of its latest electric bike, Ola Electric expects to launch the Roadster EV in 2025. The company has released the design patent for its upcoming ride.&nbsp; Reportedly, the vehicle is the first electric bike designed with the rider in mind. It has an upright riding position, a single-piece handlebar, a telescopic fork, dual shock absorbers, easy-to-reach LED lights, and a hub-mounted engine. Moreover, the vehicle will come with made-in-India in-house batteries. It is expected to perform similarly to the Revolt RV400 and a 125cc bike. The Roadster EV has a front disc and rear drum brake arrangement that controls braking, while a telescopic fork and dual shock absorbers provide suspension. It is expected to have a range of around 200 km. Furthermore, the vehicle may cost around Rs 1.4 lakh (ex-showroom). Performance output from the second and third variants is probably going to be comparable to that of a 160cc bike and the Tork Kratos R. Both will have a powertrain installed on the frame, a sleek headlamp design, and a distinct design language. One will have handlebars that are one piece, while the other will have handlebars that clip on. The former will cost Rs 1.7 lakh, while the latter is probably going to cost Rs 1.8 lakh.

The Roadster EV has a front disc and rear drum brake arrangement, while a telescopic fork and dual shock absorbers provide suspension. It is expected to have a range of around 200 km and may cost around Rs 1.4 lakh (ex-showroom).

Ola Electric shows glimpses of Ola Roadster

Ola Electric teases audience with glimpses of its upcoming electric bike– Ola Roadster

CHARGE ZONE and Hyundai Motor India Limited (HMIL) on Wednesday announced a partnership to expand India's electric vehicle (EV) charging network. Reportedly, the update fits well with the Indian government's goal for the adoption of EVs. As per the agreement signed between the two companies, CHARGE ZONE will install DC 60 kW fast chargers in 100 Hyundai stores throughout the country. Mr Jae Wan Ryu from Hyundai and Mr Kartikey Hariyani from CHARGE ZONE signed the MoU at Hyundai’s headquarters in Gurugram. The all-new partnership is likely to increase the availability of public EV charging stations across India which will facilitate smooth movement within and between cities. Mr Ryu underlined that improving the network of EV charging stations is critical to lowering range anxiety and increasing EV adoption. He said, "The expanded network of DC fast charging stations, available through the "myHyundai" or "CHARGE ZONE" apps, will benefit all EV customers (Hyundai and Non-Hyundai). Such strategic partnerships are essential to meeting India's carbon neutrality targets and quickening the customer uptake of electric mobility solutions”.&nbsp; Users can find the new chargers with the ‘myHyundai’ app and the ‘CHARGE ZONE’ app. At the moment, Hyundai has 19 stores equipped with DC 60 kW rapid chargers. They intend to add 100 additional stations with round-the-clock customer service to their dealerships with this new cooperation. Installing DC 180 kW and DC 60 kW chargers throughout India is part of HMIL's larger EV strategy. Fast-charging stations are also being placed in strategic cities and roads. The "EV Charge" feature of the "myHyundai" app will integrate both Hyundai and third-party chargers and let users locate charging stations, schedule times, and make payments.

 As per the agreement signed between the two companies, CHARGE ZONE will install DC 60 kW fast chargers in 100 Hyundai stores throughout the country.

Hyundai and CHARGE ZONE join hands

Hyundai and CHARGE ZONE join hands to ramp up charging network across India

After announcing the conclusion of the Faster Adoption and Manufacturing Electric Vehicles-Phase-II (FAME-II) subsidy, the government of India has rolled out the Electric Mobility Promotion Scheme (EMPS), 2024 to encourage the sale of electric two-wheelers (e2W) and three-wheelers (e3W) across the nation.&nbsp; The new scheme planned to run for four months, has been given a Rs 500 crore allocation by the Centre, according to Heavy Industries Minister Mahendra Nath Pandey. On April 1, the new programme is scheduled to launch, replacing the existing FAME-II programme. The new programme demonstrates the government's efforts to advance electric transportation and meet Net Zero goals. Over four months, the allotted Rs 500 crore would be used to assist about 400,000 e2W and e3W, according to Pandey. In response to growing demand and to decrease the financial strain on electric vehicle manufacturers, the government of India has reduced the maximum subsidy threshold for e2W vehicles from Rs 22,500 to Rs 10,000, and for e3W vehicles from Rs 111,505 to Rs 50,000. Both e2W and e3W will have incentives of Rs 5,000 per kilowatt-hour (kWh). "The increased demand is the reason for the reduction in the subsidy amount. The aim is to support the sector and get it ready for life beyond subsidies,” the minister stated. Every EV player who wants to be eligible for the incentives under the new programme will need to re-register. In the upcoming days, the ministry intends to release the EMPS guidelines. Even though the government is providing incentives for the e2W and e3W categories, the new plan will not provide any incentives of this kind for e4W and e-buses. Several e4W participants, notably the market leader Tata Motors, have appealed this decision, arguing that FAME-II should be extended for the category by an additional three years.<img src="https://lh7-us.googleusercontent.com/XQR4FXM2AziUW40THMA8UiMgEj9ZpHdNY05620Tz223sf2oH-fLNgZ5k0VBkt4cdUAUifSdVBfCTWv7seRhfhHRmrd95YiO-WezoGpHUqYK1chahqIhZ5XU2dAJuPVNaub-6bqvIFY6qNAdJGLAyO50" height="304" width="602"> According to government sources, the existence of current schemes such as Auto PLI and PM-eBus Sewa plan is the reason e4W and e-buses categories are not included in the next plan. "For e4W and buses, the Auto PLI and PM-eBus Sewa Scheme are already in place.” The minister stated that the EMPS will now only focus on the e2W and e3W categories. In the past, the Department of Heavy Industry(DHI )launched the FAME-I scheme with an outlay of Rs.895 crore from 1st April 2015 to 31st March 2019. Following the scheme, DHI rolled out FAME-II with an outlay of 10,000 crore which was later increased to Rs 11,200 crore for the period of 1st April 2019- 31st March 2024. Now, in&nbsp; EMPS 2024, it is to be observed that with the lower budget allocation, the government intends to further promote the spirit of the free market meanwhile, absorbing any shock generated by the conclusion of FAME-II.&nbsp; Since road transport is a state subject, the EMPS scheme also intends to promote the state government's efforts to provide financial incentives. “States need to offer a bouquet of fiscal and non-fiscal incentives. Some such incentives may include waiver / concessional road tax, exemption from permit, waiver / concessional toll tax, waiver /concessional parking fees, concessional registration charges, etc, ” the notification by the central government reads. Despite the reduction of subsidies and changes in regulations, sales of electric vehicles (EVs) have increased significantly this year by more than 45% thus far. In comparison to the little over 1 million EV registrations from the previous year, the total for 2023 is just shy of 1.5 million. Due to all of this, the nation's total EV penetration has surpassed 5% and currently standing at 6.3% as opposed to 4.8% in 2022.

The government has reduced the maximum subsidy threshold for e2W vehicles from Rs 22,500 to Rs 10,000, and for e3W vehicles from Rs 111,505 to Rs 50,000. Rs 5,000 per kilowatt-hour (kWh) is an incentive for both e2W and e3W.

EMPS 2024

The government has reduced the maximum subsidy threshold for e2W vehicles from Rs 22,500 to Rs 10,000, and for e3W vehicles from Rs 111,505 to Rs 50,000. Rs 5,000 per kilowatt-hour (kWh) is an incentive for both e2W and e3W..

EMPS 2024: Government announces shock-absorbing subsidy scheme after FAME-II

The biggest EV producer in India, <a href="https://evindia.online/electric-vehicle-companies/ola-electric" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Ola Electric</a>, has formally introduced MoveOS 4, a feature-rich software update for its scooters. All Ola users will be able to get over-the-air (OTA) updates, which will unlock additional features and enhancements, following the statewide launch. In addition to speed improvements, the MoveOS 4 upgrade adds safety and access restrictions to guarantee a smooth and better riding experience for riders. "MoveOS continues to be one of the most technologically advanced OS and continues to evolve thanks to the assistance of regular upgrades; MoveOS 4 ensures that our vehicles stay future-proof and our customers get the best of Ola's technology," said Anshul Khandelwal, Chief Marketing Officer at Ola Electric Technologies, expressing excitement about the launch. MoveOS 4 enhances and adds more than 100 features to Ola's scooter lineup, which includes the S1 Gen 1, <a href="https://evindia.online/product/ola-electric-s1-pro-2nd-generation-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">S1 Pro (2nd Generation)</a>, <a href="https://evindia.online/product/ola-electric-s1-air-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">S1 Air</a> models and <a href="https://evindia.online/product/ola-electric-s1-x-2kwh-e" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">S1X</a> fleet. Important features include the enhanced navigation of Ola Maps, improved riding features such as "Cruise Control in eco-mode" and "Hill Descent Control," AI-Based Indicator Control, "Favorites-Only Calling," "Resettable Tripmeters," "Moods" feature, and a special "Concert Mode" that allows multiple Ola scooters to sync music and light shows. Along with these updates, the Ola Electric App (Companion App) gains phone widgets, a "Ride Journal," and a "Dark Mode." MoveOS 4, with its enhanced control features such as Geofencing, Timefencing, riding mode constraints, 'Tamper Detection,' 'Fall Detection,' and password reset choices, focuses on the ownership experience. Ola scooters are expected to be more safe, efficient, practical, and enjoyable after the update.

The Companion App gains phone widgets, a "Ride Journal," and a "Dark Mode." MoveOS 4, enhances control features such as Geofencing, Timefencing, riding mode constraints, 'Tamper Detection,' 'Fall Detection,' and password reset choice.

MoveOS 4 adds more safety and high-tech features

Ola Electric get OTA updates: MoveOS 4 adds more safety and high-tech features

Leading smartphone and consumer electronics giant Xiaomi made the expected move by revealing its first electric vehicle to the public. Known as the SU7, this full-size, high-performance, eco-technology car integrates Xiaomi's five core electric vehicle technologies: the battery, the die-casting technique, the e-motor, the autonomous driving pilot, and the smart cabin.&nbsp; These in-house core technologies represent the result of 13 years of carefully selected research and development work involving 3,400 engineers from both China and beyond. Xiaomi spent around CNY 10 billion (USD 1.41 billion or INR 11,700 crores) on this large-scale initiative. Features of Xiaomi SU7 In the automotive business, Xiaomi's in-house designed electric motors appear to have drawn a lot of attention. The HyperEngine V6, HyperEngine V6 S, and HyperEngine V8 S are the three electric motors fitted in the EV. Using ultra-high-strength silicon steel and an S-shaped oil circuitry with cutting-edge oil cooling technology, the EV offers a best-in-class heat dissipation system. The V6 and V6 S electric motors have an industry-best rotating speed of 21,000 RPM, while the even more insane 27,200 RPM is boasted by the V8 S motor, which is still under development. According to performance measures, the V6 motor has 299 PS and 400 Nm, while the V6 S has 374 PS and 500 NM. With about 580 PS and 635 Nm, the performance of the V8 S is a step forward. Xiaomi has achieved 77.8% battery integration efficiency, 24.4% performance gain, and a 17mm reduction in battery height above industry standards by using CTB-integrated battery technology. The platform can handle up to 150 kWh of capacity, meaning that a 1,200 km theoretical range is possible. The company says that while constructing batteries, they took full occupant safety into account. A variety of components, including dual-side water cooling and 165 aerogel insulation, make up the heat dissipation system. In addition to ASIL-D, Xiaomi's in-house BMS has three separate thermal runaway monitoring. Additionally, the business boasts 1,050+ safety verifications. In terms of production, Xiaomi is going all out by creating its own materials and big die-casting. To begin with, the business created Xiaomi Titans Metal, a brand-new heat-treated die-casting material with exceptional resistance and strength. Based on 10.16 million permutations, the company's Multi-Material Performance Simulation System chooses an alloy formula on demand. With an area of 840m², Xiaomi's new T9100 die-casting cluster has a combined weight of 1,050t and a locking force of up to 9,100t. A new quality judging system that can evaluate individual components in two seconds was also announced by the corporation. By combining 72 rear underbody components into one, the new T9100 cluster reduces 840 weld joints, which results in a 17% reduction in weight and a 45% reduction in manufacturing hours. <img src="https://lh7-us.googleusercontent.com/sNZp96nH5PWaakWgvpAC_r37J7OsJ0swBZw8AjfPX6QGfV4IBDHXRzfmeIY1wMykP5cb7Ok6ax_v6i1ILw-OKkXTY_QaRNEnFJovL2pn1XANtPHBc0T2q7U_9EeTY_BbwsSft1xpT9CPyJGJP1yi_Mc" height="308" width="546"> In support of employing human resources, India's Union Minister of Road Transport and Highways, Nitin Gadkari, has discouraged autonomous driving. Justifiably so. However, there has been a surge in demand for AI-based autonomous driving in international markets. With SU7, Xiaomi has integrated three essential technologies: Super-Res Occupancy Network Technology, Road-Mapping Foundational Model, and Adaptive BEV Technology. For automated parking and autonomous driving, the company has invested in an "End-to-End Sensing and Decision-Making AI Model." This AI model is trained to have minimum granularity, extended recognition range, vectorization technology for irregular object recognition, and advanced noise reduction features. Among the hardware on the SU7 that allows for autonomous driving are two NVIDIA Orin processors, a LiDAR, eleven high-definition cameras, three-millimetre wave radars, and twelve ultrasonic radars. The in-cabin experience has been a major factor in the car industry recently. Following suit, the Xiaomi SU7 comes equipped with the brand's Smart Cabin technology, which includes a 16.3-inch centre display with 3K resolution, a massive 56-inch head-up display, a 7.1-inch rotating dashboard, and two tablet mounts for the rear seats. The goal of Xiaomi's solution is to lower the learning curve by quickly introducing the car operating system and enabling one-touch cross-device connectivity with the user's smartphone. Up to 5,000 smartphone apps are integrated, and SU7 is compatible with more than 1,000 Xiaomi smart home appliances, resulting in a straightforward CarloT ecosystem. The Xiaomi EV SU7 is positioned as a full-size high-performance eco-technology sedan. It can reach a peak speed of 265 km/h and complete a 0-100 km/h sprint in under 2.78 seconds. Additionally, the vehicle incorporates Xiaomi Smart Chassis Control, which promises pleasant driving and dynamic handling. The CEO, Chairman, and Founder of Xiaomi Group, Lei Jun, quotes a verse from Chinese poetry "With firm strides, we are crossing its summit". He further said that Xiaomi's foray into the automobile sector represents a substantial departure from the smartphone sector and an essential step in completing the loop on the Human x Car x Home smart ecosystem. Lei Jun went on to say that there isn't much room for manoeuvring in the century-old automobile business these days, saying, "Xiaomi has decided to invest tenfold, starting from the development of fundamental core technologies, committing to constructing an outstanding vehicle." Xiaomi wants to rank among the top five automobile companies in the world after 15 to 20 years of work.

The Xiaomi EV SU7 is positioned as a full-size high-performance eco-technology sedan. It can reach a peak speed of 265 km/h and complete a 0-100 km/h sprint in under 2.78 seconds.

Xiaomi SU7 is finally here: All you need to know 

Shailesh Chandra, MD of <a href="https://evindia.online/electric-vehicle-companies/tata-motors-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Tata Motors</a>, discussed the company's future products and strategy during the recent launch of the updated Tata Harrier and Tata Safari. He also emphasised the steps that the central and state governments need to take to strengthen the nation's disjointed charging infrastructure. "The government should require OMCs (Oil Marketing Companies) to install additional fast chargers, especially on the roads. They gain from this also, as it gives them a different source of income," Chandra said during a sit-down interview with Moneycontrol. "The government requested that OMCs install 22,000 chargers, but the request still needs to be fulfilled. "Tata Power by itself is insufficient, despite the fact that we have gone to tremendous lengths to achieve critical mass with it," he continued. "At the domestic level, there is currently no regulation requiring housing societies and residential complexes to provide shared charging stations. That must be dealt with," he remarked. Even though they have been updated with ADAS technology, the new Harrier and Safari SUVs have the same engine as before and stand out for not having all-wheel drive. But Chandra made it clear that he would much prefer to invest in electric technology, which will make up half of the brand's passenger <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a> sales by 2030, as there is very little need for 4x4 technology.&nbsp; "I can look at giving them all alternatives, including a 4x4 option, with the future Harrier EV. There will undoubtedly be a market for something in the area. The long-term viability of investing in 4x4 technology for an ICE vehicle is questionable. Our preference is to concentrate on the future," adds Chandra, whose most recent offerings are built around a former Land Rover chassis. To enable all-wheel drive on an electric vehicle, their future SUVs would need to be fitted with a dual-motor setup, where each axle is powered by a separate motor. Tata's EVs, such as the <a href="https://evindia.online/product/tata-motors-tiago-xe-19.2-kwh-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Tiago EV</a> and <a href="https://evindia.online/product/tata-motors-nexon-ev-xe-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Nexon EV</a>, use a single-motor setup. Tata does not plan to mine the Gen 1 platform, which is the foundation of the Nexon and Tiago EV, for more electrification. Its upcoming product, which is anticipated to be on sale in November or December, is the first to be built on the Gen 2 platform, which has more functionality than any other platform. "Range is the main advantage of Gen 2. Prismatic cells may be packaged, and Gen 1 works better with cylindrical cells due to its ability to fit into tight spaces. But further ahead, prismatic cells will be used by the majority of worldwide EVs. The Punch, a small SUV from Tata, will soon be available with electric propulsion. But considering how much the product is changing, Punch's name may be altered. "Gen 2 also gives us more form factor flexibility." Accordingly, the Punch EV, which is on the way, will be designed to resemble an EV more," he stated. Aerodynamics is one of the main benefits employed by EV manufacturers to increase a vehicle's range, even though Chandra would not clarify whether aerodynamics will be improved to boost range. We'll also be adding a tonne of additional tech and multimedia features, some of which were shown in the new Nexon EV, along with an upgrade to more modern, efficient electric motors. because studies have indicated that when their EVs are charging, individuals would much rather spend more time inside of them.

Tata does not plan to mine the Gen 1 platform, which is the foundation of the Nexon and Tiago EV, for more electrification. Its upcoming product, which is anticipated to be on sale in November or December.

Tata Punch EV soon to be released with re-style looks: Shailesh Chandra

The electric vehicle (EV) market is a hot commodity in the automotive sector and has the promise to boost the Indian gdp. With the help of the FAME program and public subsidies, the state and federal governments are already attempting to move the business ahead. For a sector that has grown by more than 200% in the past year, there is still much to be accomplished. Here are the demands the EV industry has for the Union Budget 2023. Finance Minister Nirmala Sitharaman made the announcement when introducing the Union Budget 2023, rendering <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a> (EVs) more affordable in India by extending the rebates on their batteries for another year. FM Nirmala Sitharaman stated, "I suggest to prolong the tax concessions tariff on lithium-ion cells over evs for an additional year." Nirmala Sitharaman, FM. The government introduced the Production Linked Incentive (PLI) plan for making batteries in May 2021. Government funding for the FAME programme has also been boosted. The PLI program aims to lower the cost of this essential component for electric cars. Electric car sales now only incur a 5% Goods and Services Tax (GST), down from 12% previously. The FAME 2 subsidy should be extended from Budget 2023–24 through 2024, according to the electric vehicle sector. FAME 2, or Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (II), is a government-sponsored program that encourages the purchase of EVs by offering consumers of <a href="https://evindia.online/vehicles?type=5" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">two-wheeler EVs</a> a subsidy of Rs. 15,000. <h2>Reactions to the Budget</h2> As highlighted by Finance Minister Nirmala Sitharaman in the latest Union Budget 2023, the government's approach to boosting ecological responsibility is a laudable advancement, according to Sameer Aggarwal, CEO and Founder of Revfin Services, an ev funding and online lending marketplace. Added that the focus on green growth projects to lower environmental impact and create jobs demonstrates a profound understanding of how the business and the environment are intertwined. We look forward to helping create a future where everyone lives in economic and environmental prosperity."We appreciate the budget for naming Green Growth one of the top 7 goals," stated Kalyan C. Korimerla, MD and Co-Promoter of Etrio Automobiles. The Pro-EV budget concentrates on critically important efforts like cutting the import taxes on lithium-ion batteries from 21% to 13% and extending the subsidy for EV batteries by another year. These are encouraging measures since they will increase demand. In accordance with the budget's goal of promoting eco-aware lives, the strategy on replacing outdated, environmentally harmful cars should hasten the switch to electric vehicles. He also added that we are pleased with the budget generally since it is fair, forward-thinking, and will inncrease economy and promote the EV industry.

Budget 2023: Government extended tax concessions on EV batteries as electric vehicles become more affordable

Budget 2023: Government extended tax concessions on EV batteries 

Finance Minister Nirmala Sitharaman made the announcement when introducing the Union Budget 2023, rendering electric vehicles (EVs) more affordable in India by extending the rebates on their batteries for another year.

Budget 2023: Government extended tax concessions on EV batteries & more

Somsubhra Chowdhury

By just tapping the EZ Charge RFID card on the EZ charger of Tata Power, EV customers may initiate the charging process based on their pre-set recharge value.  | EV Marketplace

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