There has been a price reduction of up to Rs. 1.20 lakh for the Tata Nexon EV. The automaker kept the Punch EV and Tigor EV's pricing unchanged, passing along the savings from lower battery costs to customers.

Tata reduces Rs 70,000 on Tiago EV: Learn variant-wise price here

Home

News

After reducing the prices of the Nexon EV, Tata Motors has announced heavy pocket-friendly adjustments on the company’s next electric genius- the Tiago EV. The New RatesThe <a href="https://evindia.online/product/tata-motors-ev-tiago-xe-19.2-kwh" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Tata Tiago EV's XE</a> medium range model has the largest price reduction of Rs. 70,000, with revisions of Rs. 35,000 and Rs. 30,000 for the medium range and long range, respectively. All other variations' pricing has been lowered by Rs. 20,000. <img src="https://lh7-us.googleusercontent.com/gBTzC3eS1Im2ZpseC7Zy2rCvsvp2p2gnbVH-zuQmkNabuB-pJkpiCiP873-F43lr-VwN32qIXMhKwWZf8L92zuEcnEk_5ZNa_sITtnLGfDB6FQB2eqhWEqMZ8c8KzXOEpIuRtIfzCnid4lEodlHs2tM" height="451" width="602"> In contrast, there has been a price reduction of up to Rs. 1.20 lakh for the Tata Nexon EV. The automaker kept the Punch EV and Tigor EV's pricing unchanged, passing along the savings from lower battery costs to customers. <a href="https://evindia.online/news/tata-reduces-nexon-ev-price-by-rs-120-lakhs" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">(Read more)</a>

Tata reduces Rs 70,000 on Tiago EV

Prashant

The 500th Jio-bp pulse EV-charging station was inaugurated on Friday at the Jio World Centre (JWC) in Bandra Kurla Complex (BKC) by the Director of Reliance Industries Limited (RIL), Anant Mukesh Ambani and the CEO of bp, Murray Auchincloss. This marks a milestone for the company to bring Jio-bp's charging network to 5,000 sites across India, cementing its position as a leader in the electric vehicle (EV) charging industry. The newly opened station improves visitors' access to the Nita Mukesh Ambani Cultural Centre, Jio World Plaza, and the Jio World Convention Centre. Jio-bp has had notable development in the last year, expanding its network from 1,300 to 5,000 stations, with a substantial 95% of them being fast-charging, the most in the industry. "We are pioneering the acceleration of EV adoption in India with the largest network share of fast-charging stations and unmatched reliability," citing Anant M. Ambani, India Today reported. Jio-bp was also the first to deploy modern 480 KW chargers, which provide efficient charging experiences in a variety of settings like malls, hotels, and public parks. The charging infrastructure seeks to reduce range anxiety and charging times, which is further aided by the unique Jio-bp pulse charging software. Jio-bp is devoted to fostering sustainable green transportation by utilising solar power from Reliance Jio Infocomm Limited's solar facilities. Underlining the partnership's goal, Murray Auchincloss stated, "By combining bp and RIL's capabilities, we are delivering EV charging with convenience, creating a unique value proposition for customers," the report read further.&nbsp;

The charging infrastructure seeks to reduce range anxiety and charging times, which is further aided by the unique Jio-bp pulse charging software

Jio-bp partnership establishes 500th EV charging station 

Jio-bp partnership establishes 500th EV charging station in BKC, Mumbai

MyTVS, a digital automotive aftermarket platform, has announced the launch of its pan-India 'Mobility-as-a-Service' (MaaS) platform for last-mile electric automobile fleet operators. According to the firm, the newly announced platform will bring together all ecosystem participants, including original equipment makers, to deliver a comprehensive variety of services across the full EV fleet life cycle. G. Srinivasa Raghavan, Managing Director of myTVS, stated, "The quick commerce companies are exploring electric vehicle fleets to optimise costs and meet their sustainability goals, and myTVS is well-positioned to lead this transition," the Moneycontrol reported. The Chennai-based company, which is part of the TVS Mobility Group, will also add 10,000 electric two-wheelers to its fleet by March of next year for this operation. It has also teamed with MoEVing, an EV-based logistics startup, to launch Mobility-as-a-Service (MaaS), which will provide end-to-end vehicle management solutions. He further stated, "In the e-commerce sector, there is a possibility to electrify 10 lakh automobiles within the next 5-10 years.” Citing Raghavan the Moneycontrol reported that there is an immediate requirement to complete at least 10,000 automobiles by March. "The 10,000 vehicles will be electric two-wheelers," the politician said. Talking about the investment necessary to add those new vehicles, he stated that it will range between Rs 100 crore and Rs 150 crore, which will be made by group business TVS Vehicle Mobility alone or with partners. He also stated that the business has begun with the initial distribution of 250 electric two-wheelers and around 50 light commercial vehicles.

The Chennai-based company, which is part of the TVS Mobility Group, will also add 10,000 electric two-wheelers to its fleet by March of next year for this operation

myTVS to unveil mobility-as-a-service platform

myTVS is all set to unveil mobility-as-a-service platform

Testing of the upcoming Harrier EV has been seen once more, this time in the mountainous and untamed Ladakh region. The Tata Curvv and Curvv EV are expected to be released in the next months, followed by the introduction of the completely electric Harrier by the end of the year. Tata Motors debuted a pre-production concept for the Harrier EV at the Auto Expo last year. Earlier this year, at the first Bharat Mobility Expo, the company showed a more developed, production-ready prototype. Over the course of the previous year, many spy shots of the all-electric SUV have been captured in testing. The Harrier EV's external design is influenced by its ICE brother, which had a significant overhaul in September of last year while being completely camouflaged. The Acti.ev Gen 2 EV architecture from Tata is expected to carry over into the EV Harrier's imposing road presence and robust posture. The electric vehicle will be distinguished from its fossil-fueled counterpart with a closed-off grille and Harrier.ev badging. The Harrier EV's cabin interior is anticipated to be similar to those of the diesel-powered Harrier. The vehicle’s notable features include Tata's new two-spoke steering wheel, a completely digital instrument dashboard, and a free-standing touchscreen infotainment device.&nbsp; Additionally, new innovative features like wireless charging for phones, wireless connectivity for Android and Apple CarPlay, linked automobile technology through the Arcade.ev suite, and Level 2 Advanced Driver Assistance System (ADAS) are also reported to be included in the vehicle.

The Acti.ev Gen 2 EV architecture from Tata is expected to carry over into the EV Harrier's imposing road presence and robust posture. The EV will be distinguished from its fossil-fueled counterpart with a closed-off grille and Harrier.ev badging.

Tata’s upcoming Harrier EV spotted

Tata’s upcoming Harrier EV spotted testing in Ladakh region 

Vinfast, a Vietnamese manufacturer of electric vehicles, is planning to accelerate construction at its 400-acre plant site within the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) industrial estate. Vinfast broke ground on its integrated EV plant at Thoothukudi (formerly Tuticorin) in Tamil Nadu on February 25, 2024. The integrated EV facility of VinFast India in Thoothukudi is the company's second international location (after the US) and its third plant overall, following those in Vietnam and the USA. With a projected annual production capacity of 150,000 electric vehicles, the plant is anticipated to create jobs for as many as 3,500 individuals. The CEO of VinFast and Chairman of Vingroup, Pham Nhat Vuong, has recently presented the company's ambitious growth goals, which include a focus on expanding into Asian markets. Vuong is still optimistic about the future of EVs worldwide. Vinfast, which is renowned for building new facilities quickly, currently projects that its India EV facility will open in the first part of CY2025, six months ahead of schedule. In the meanwhile, within the next several months, work is expected to start on a new facility in Indonesia. VinFast would have gone from inception to manufacturing in just 15 months if the Tamil Nadu factory began to stream by June 2025. This would be quicker than VinFast's main plant in Hai Phong, Vietnam, which took 21 months. VinFast plans to launch two fully imported cars into the Indian EV market before localized manufacture starts: a crossover hatchback (VF 5) and a compact SUV (VF e34). The VF e34 electric crossover underwent its first round of testing in India at the beginning of June this year. The VF e34 faces off against the Tata Curvv EV, Hyundai Creta EV, and Maruti eVX, which are all forthcoming models. The Vietnamese Original Equipment Manufacturer debuted the new VF 3 electric SUV in its native market in May 2024. The VF 3 may be considered for our market even though there is no official word regarding its arrival in India. This is because the model's design was patented there a few months ago. The demand for electric vehicles, SUVs, and two- and three-wheelers in India reached a record high in FY2024, with EV sales rising 42% YoY to 1.67 million units. This country may be the Asian and worldwide growth engine VinFast is searching for. VinFast may benefit from an increase in EV exports due to the plant's location and the rising demand for EVs in India. The Thoothukudi (formerly Tuticorin) Port is next to the VinFast India factory, giving the business quick access to shipping facilities. Moreover, VinFast will benefit from the well-established automotive components sector, which now produces a wide range of EV parts for vehicles across segments, providing the possibility of a high degree of vehicle localization in India. VinFast is undoubtedly putting a lot of effort into its India program. In less than two months, from the signing of the Memorandum of Understanding to the start of plant construction, VinFast has likely accelerated the pace at which an international automaker has expanded its global manufacturing presence in India. VinFast's decision to operate in India, the third-largest car market in the world and one of the fastest-growing economies in the world, is part of a strategic plan to serve both the Indian domestic market and made-in-India EV exports to South Asian, Middle Eastern, and African markets. Furthermore, VinFast's broader objective to fortify its supply chain in preparation for international expansion includes the India project as a critical component, given the strength of the Indian ecosystem for the manufacturing of automotive components. VinFast's primary plant, located on Cat Hai Island, close to Hai Phong, Vietnam, demonstrates the company's rapidity in establishing production facilities. In September 2017, the business began construction of its 828-acre plant. In under 21 months, it completed the construction of a paint shop, press shop, assembly shop, and engine shop, enabling it to build electric buses, two-wheelers, and passenger cars. With up to 90% automation, the Hai Phong plant is planned to produce about 9,50,000 electric vehicles annually by 2026.

With a projected annual production capacity of 150,000 electric vehicles, the plant is anticipated to create jobs for as many as 3,500 individuals.

infast accelerates establishing EV facility

 Vietnam’s OEM Vinfast accelerates establishing EV facility at Tamil Nadu

Prashant Sha

A formal agreement has been signed by TI Clean Mobility, a wholly-owned subsidiary of Tube Investments of India Ltd, to finance 580 crore from GEF Capital Partners through the issuance of compulsorily convertible preference shares and equity. This is a portion of the 3,000 crore in funding that TI Clean Mobility intends to raise for its electric vehicle (EV) project. The company reported on Monday that it had already raised about ₹2,530 crore of this. The Murugappa group has a holding company called Tube Investments. Tube Investments (TII), the State Bank of India, Multiples Private Equity Fund III, and additional investors announced in February 2023 that they had contributed ₹1,950 crore to Tl Clean Mobility (TICMPL). TICMPL is a manufacturer of three-wheeler electric passenger automobiles. The firm plans to increase its market share in the electric mobility sector by taking both organic and inorganic routes. The money raised will support TICMPL and its subsidiaries' capital expenditures as well as the company's efforts to grow through acquisitions. To increase the range of products it offers in the electric vehicle market, TICMPL established Tivolt Electric Vehicles Pvt. Ltd. as a wholly-owned subsidiary last year.

Tube Investments (TII), the State Bank of India, Multiples Private Equity Fund III, and additional investors announced in February 2023 that they had contributed ₹1,950 crore to Tl Clean Mobility (TICMPL).

Murugappa group receives investment

EV branch of Murugappa group receives GEP capital’s investment

The Volkswagen Group has started localising its electric vehicle chassis and powertrains for India, according to recent reports. The "PEAK EV" project will be used to build the new "born EV" platform. VW intends to introduce the 'MEB21G” platform in India, per sources in the media. However, to keep it affordable, it will be highly localised. It is anticipated to support a number of SUVs produced at the company's Chakan facility. There is talk that the entry-level and mid-size SUV categories will likely be the main emphasis, while specifics are yet unknown. A more widely available Skoda vehicle is anticipated to launch with the VW-branded electric SUV which is anticipated to be the first model built on the localised MEB21G platform. It is anticipated to make its debut in 2026. One billion euros will need to be invested in the PEAK EV project. The automaker wants to produce 500,000 vehicles annually for export and domestic markets. The VW Group presently provides electric automobiles from its high-end brands like Porsche and Audi in India. They are brought in as fully assembled units (CBUs).

A more widely available Skoda vehicle is anticipated to launch with the VW-branded electric SUV which is anticipated to be the first model built on the localised MEB21G platform.

Volkswagen Group’s “PEAK EV” project

Volkswagen Group’s “PEAK EV” project attempts to localise EVs in India

A leading supplier of electric vehicles in India, Aponyx <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Electric Vehicles</a>, is happy to announce the opening of a new production facility in Surat, Gujarat. In order to combat the growing cost of electric vehicles and give clients affordable and convenient mobility choices, the strategic expansion has worked to make electric commutes pocket-friendly. The decision to establish a new production facility was motivated by Gujarat's rising demand for electric automobiles. <a href="https://aponyx.in/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Aponyx Electric Vehicles</a> hopes that by constructing this facility, customers, as well as dealers, distributors, and sub-dealers, would gain from its cost-effectiveness. Mr MS. Chugh, the founder and chairman of Aponyx Electric Vehicles, stated, "Our goal is to minimise costs and ensure affordable access to electric vehicles for all. We are dedicated to providing quick and effective service, reducing transportation expenses, and interacting directly with our consumers in Gujarat with the help of our new factory.” &nbsp; Mr Manish Chugh, Co-founder &amp; Director, said, "We comprehend the expanding public knowledge about the advantages of electric automobiles, including environmental sustainability and economic savings. &nbsp;"Our 60,000 unit annual production capacity from the Surat plant will significantly contribute to meeting Gujarat's growing demand for electric vehicles." The Surat Plant's Maximum Capacity will concentrate on producing electric bicycles, <a href="https://www.evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">scooters</a>, and cycles to serve the Gujarat market. The initial production capacity is anticipated to be between 4,000 and 5,000 units, with possible expansion into more Indian states. Aponyx Electric Vehicles strives to provide consumers with the finest combination of value, quality, and service. The firm hopes to improve customer service, shorten delivery times, and streamline the supply chain by developing regional production facilities in other states. Aponyx Electric Vehicles proposes to construct electric charging stations (both AC and DC) for a variety of vehicles, including three-wheelers and <a href="https://www.evindia.online/bike" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">two-wheelers</a>, in addition to the production facilities. Gujarat will be the place where these charging stations are created and manufactured, giving users simple access to the region's charging infrastructure. Aponyx Electric Vehicles intends to reduce range anxiety and further encourage the use of electric vehicles by creating a complete charging infrastructure. Date of Plant Operation&nbsp; By the second week of August, the new Surat production facility is expected to be operational, and its formal market debut is slated for the end of August 2023. Aponyx Electric Vehicles is still dedicated to transforming the electric automobile market and providing people with sustainable mobility choices. Manufacturer of electric vehicles Aponyx was established and incorporated in 2017. The main office of Aponyx is located at IME Manesar, Gurugram, Haryana, and has a core staff of more than 100 individuals. When radio first came into existence twenty years ago, the creators entered the electronic and electrical business and seized the chance to show off breakthroughs in those fields. The firm produced and provided maintenance for a wide range of electronic equipment and appliances, including all reputable brands of radios, tape recorders, televisions, CD players, mobile phones, and other devices, as technology developed and new electrical appliances were brought to the market.

The initial production capacity is anticipated to be between 4,000 and 5,000 units, with possible expansion into more Indian states.

Surat Plant's max capacity will be producing e-bicycles, scooters, and cycles

Surat Plant's max capacity will be producing e-bicycles, scooters, and cycles to serve the Gujarat market

Aponyx Electric Vehicles inaugurates New Manufacturing unit in Surat, Gujarat

By July 2022, there has been well over 13 lakh electric cars on Indian roads. This is a phenomenal increase in just a couple of years. To suggest that EVs are the automobile sector's fate is no longer an understatement. The Indian government introduced the Production Linked Incentive plan for battery production in May 2021 to lower the cost of the essential part of electric cars. Electric mobility was included in the PLI program for automobiles and equipment in September 2021, with a significant financial commitment for the next five years. <a href="https://evindia.online/product/tata-motors-nexon-ev-xe" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">Electric car</a> sales now only incur a 5% Goods and Services Tax (GST), down from 12%. State governments have urged the Ministry of Road Transport &amp; Highways to exclude electric car purchases from paying road taxes. For instance, Maharashtra has provided a road tax incentive for electric vehicles up to Rs 1.5 lakh. Consumers are also permitted to discount an extra Rs 1.5 lakh for interest paid on loans made to buy electric automobiles. While these initiatives are commendable, additional incentives like this would encourage people to adopt electric cars. Following are some significant initiatives projected from the Union Budget 2023: <h2>Until March 2025, interest on loans used to buy electric vehicles will still be deductible</h2> Currently, a statutory exemption of Rs 1.5 lakh per year is available for loan interest approved for the adoption of EVs up to March 31, 2023. This reduction is valid until the consumer finishes the loan used to purchase the electric car. Consumers may anticipate a two-year renewal of this tax advantage, which will apply to loans approved up to March 31, 2025. Please be aware that certain electric vehicles are eligible for this reduction; hybrid electric vehicles are not. <h2>The establishment of a one-time income tax break for the purchase of an Electric Vehicle</h2> The government must take into account a one-time tax break when calculating tax liability for owners of newer electric vehicles during the year of the sale itself to give the electric vehicle movement some momentum. <h2>Including electric cars under the scope of the necessary regulations</h2> According to current income-tax legislation, a perk worth in possession of an individual that has been given a motor vehicle to be used by the company partially for government and partially for subjective reasons is regarded as chargeable. The recommended requirement amount falls into two groups; it is somewhat greater if the car's engine size is more significant than 1,600cc. More businesses will be able to purchase and distribute these electric vehicles for workforce usage as a result of this interpretation without worrying about denying their workers of the tax concessions perquisite value or risking legal action for using the wrong perquisite value for taking away tax objectives. <h2>GST charges for Electric vehicle conversion kits are being reduced</h2> A sizable group of current combustible fuel-powered engine vehicle consumers might not be ready to switch to electric automobiles. Electric vehicle conversion kits are extremely important to make switching to EVs affordable. If the GST rate were reduced to 5% in connection with the price of electric vehicles, this would greatly assist this section of vehicle holders looking to jump on the e-mobility bandwagon. Presently, GST records a sensible part of the cost when buying an EV conversion kit, which is 18%.Additionally, the justification for the electric mobility sector has solidified after the unprecedented high spike in fuel prices. We must observe if the government can persuade more people to embrace electric vehicles, as the Central Budget is just around the door. So, if you plan to buy an electric vehicle, this year would be perfect. India is already accounting for a massive rate of reliance on EVs for the past couple of years; make sure you are not left behind. To ensure your knowledge of Electric vehicles and if you are planning to buy one, you should surely <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204);">follow us</a> for more details &amp; assistance.

How will the 2023 budget be best for you to buy an EV?

How will the 2023 budget be helpful for you to buy an EV?

By July 2022, there has been well over 13 lakh electric cars on Indian roads. Lets know why 2023 budget will be helpful for you if you are planning to buy an EV.

Somsubhra Chowdhury

There has been a price reduction of up to Rs. 1.20 lakh for the Tata Nexon EV. The automaker kept the Punch EV and Tigor EV's pricing unchanged, passing along the savings from lower battery costs to customers.  | EV Marketplace

Home

Companies

Compare

Blogs

News

Saved vehicles

Contact Us

Home

Companies

Compare

Blogs

News

Saved vehicles

Contact Us

Tata reduces Rs 70,000 on Tiago EV: Learn variant-wise price here

Tata Tiago EV's XE

(Read more)

Home

E- Vehicles

Companies

Compare

Blogs

News

Saved vehicles

Contact Us

E- Vehicles

Tata reduces Rs 70,000 on Tiago EV: Learn variant-wise price here

Tata Tiago EV's XE

(Read more)

Like these kind articles? Help us by contributing yours!