Tesla and the Indian government have been negotiating to establish a new EV plant to produce vehicles costing about $24,000. The company also intends to include the Powerwall idea.

Tesla in talks with India to set up storage factory unit: Report

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According to reports, Tesla is developing plans to produce and market battery storage solutions in the nation. Elon Musk's business is said to have submitted a proposal asking for financial incentives to construct a plant.&nbsp; According to Reuters, Tesla recommended using its "Powerwall" technology, which stores energy from solar panels or grids for usage at night or during shortages, to assist India's battery storage capacity. The officials informed Tesla that the incentives it had requested to build its battery storage facility would not be granted. However, according to the article, the Indian government promised the corporation that by providing subsidies to individuals who buy such items, they would aid in the development of a fair economic model.&nbsp; The plan is apparently being evaluated by the government.&nbsp; Tesla and the Indian government have been negotiating to establish a new electric vehicle plant there to produce vehicles costing about $24,000. The company's intentions for a more extensive presence in India—something beyond <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EVs</a>—include the Powerwall idea. The majority of India's electricity comes from coal-based power plants. India, on the other hand, wants to switch to non-fossil fuel electricity and aims to increase the capacity to 500 GW by 2030.&nbsp; Powerwall is a meter-high device that may be installed in a garage or on the exterior of a house and is intended for household and light business use. If the concept is successful, Tesla may provide more substantial solutions for the Indian sector.&nbsp; ﻿In California, a Powerwall costs over $5,500 (about Rs 45,000), plus additional fees for solar panels. According to reports, Indian officials advised Tesla to focus on bringing the price of its battery storage devices down.

Tesla in talks with India to set up storage factory

Prashant

The Indian Electric Vehicle (EV) industry is predicted to develop at a CAGR of 35-40% by 2027, according to research released on Wednesday. According to research by Niveshaay, which administers the Green Energy smallcase, EV sales in India might reach 3-4 million units by 2025 and 10 million by 2030. Currently, the Indian EV industry is dominated by two and three-wheeler EVs, which account for around 80% of the total automobile market. "The Indian government aspires to increase domestic production and minimise reliance on imports. To boost local manufacturing, it has implemented Production Linked Incentive (PLI) schemes and reduced customs duties on critical minerals," said Arvind Kothari, Niveshaay's smallcase Manager and founder. In addition, the new survey also noted that EVs are likely to account for 10-15% of new vehicle sales in India (including two-wheelers, three-wheelers, and passenger cars), owing to government incentives, rising fuel prices, and growing consumer awareness. The number of electric vehicles sold annually is predicted to reach over 10 million by 2030 with a dramatic rise in electric bus deployment capacities along with that of heavy-duty trucks for commerce as well as single units such as cars. The share of EVs in overall new vehicle sales may account for 30-40%. Underlining an upcoming strong EV infrastructure, the study further predicts that India will have over two million charging stations for public use throughout the nation.&nbsp; The rise in EV adoption, infrastructure, and production can also be linked to increased budget allocations for the EV industry.

The new survey also noted that EVs are likely to account for 10-15% of new vehicle sales in India (including two-wheelers, three-wheelers, and passenger cars), owing to government incentives, rising fuel prices, and growing consumer awareness.

Indian EV market may grow by more than 40% CAGR

Indian EV market may grow by more than 40% CAGR by 2027: Report

The government has increased the production-linked incentive scheme for automobiles and auto components to ₹3,500 crores in FY25, from ₹604 crores allocated in FY24, according to the budget estimates, even though Finance Minister Nirmala Sitharaman did not mention the automobile sector in her speech regarding the FY25 budget.&nbsp; Automobile companies expected the next budget to include some funding for localisation. The government had said in the economic review for 2023–24 that the auto PLI had drawn ₹67,690 crore in investment, of which ₹14,043 crore had been made up to March 31, 2024. Under the auto PLI plan, which has a ₹25,938 crore budgeted investment from FY23 to FY27, 85 applications have been approved thus far. It is to be noted that the FAME-III scheme (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicle in India) has not received any official announcements from the government, but according to budget estimates, the funding for FAME in FY25 is ₹2,671.33 crore, compared to ₹5,171.97 crore in FY24 budget estimates. The ₹11,500 crore five-year FAME-II plan concluded on March 31, 2024. Meanwhile, the government has set aside ₹250 crore for the FY25 National Programme on Advanced Chemistry Cell (ACC) Battery Storage. Similarly, the government has budgeted ₹500 crore for the Electric Mobility Promotion Scheme 2024, which was unveiled in April of this year, based on budget predictions. Notwithstanding the expectations of Industry participants, the union budget does not include explicit provisions for the automobile industry. However, the government's effort for localisation is expected to encourage the manufacture of lithium-ion batteries in India, notwithstanding the exemption of copper, cobalt, and lithium from customs tariffs. Lithium-ion batteries are primarily made of lithium and cobalt. Citing Akihiro Ueda, CEO of Terra Charge India, Business Today reported, "The 2024 Budget has kept the EV industry supported, which is fantastic news for manufacturers. However, I still anticipate the policies that will boost growth, solve supply chain issues, and advance sustainable transportation. The budget's most notable feature is the total waiver of customs taxes on lithium, an essential component of electric vehicles. Furthermore, the government is encouraging the development of new jobs in the industrial sector, which will directly affect about 30 lakh young people."

FAME-III has not received any official announcements from the government, but according to budget estimates, the funding for FAME in FY25 is ₹2,671.33 crore, compared to ₹5,171.97 crore in FY24 

FAME budget decline

Budget 2024: Production-linked incentive scheme receives boost, FAME budget decline

During the first four months of the year, sales of electric cars manufactured in China increased by 23% in Europe, despite attempts by EU officials to establish trade barriers for these imports in an attempt to safeguard domestic producers. According to statistics provided by Schmidt Automotive Research, the Financial Times stated that between January and April of this year, around 119,300 electric cars made in China were registered in Western Europe, including the UK. 54% of them were cars from Western European companies, together with Teslas and electric vehicles from Japanese manufacturers. The remaining brands were Chinese EVs. Citing the creator of the company, Matthias Schmidt, the FT reported "[Carmakers] keep churning out vehicles from China as it gives the best opportunity to make a profit on an electric vehicle at the moment." Local authorities were concerned about the competitiveness of local automakers, who have not yet figured out how to make their EVs both affordable and dependable, given the rise in Chinese EV exports to Europe. Brussels opened a probe into the Chinese EV business, claiming improper subsidies, in an effort to stop any negative consequences from the imports from China. Data from March indicated that over the first two months of the year, Chinese EV shipments to the EU decreased by 19% as a result of the probe. The EU is thinking of imposing a 20% tax on Chinese EVs in addition to the probe, which would cost China around $4 billion in lost sales. The Kiel Institute for World Economy issued a warning in late May, stating that European EV customers will also have to pay for it. Chinese EV imports are now subject to a 10% import duty.

The EU is thinking of imposing a 20% tax on Chinese EVs in addition to the probe, which would cost China around $4 billion in lost sales. 

 Europe reports 23% increase in Chinese EV 

 Europe reports 23% increase in Chinese EV sales

Prashant Sha

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

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

Hyundai to unviel all-electric Creta SUV

Hyundai to unviel all-electric Creta SUV?

As it expands its line of electric vehicles beyond the Rs 30 lakh price range, Chinese manufacturer BYD intends to capture 90% of the Indian EV market by the end of the year. BYD India is attempting to obtain homologation certification from ARAI for its electric SUV Atto 3, which will ease the ban on import volume of 2,500 units. BYD India debuted its electric sedan SEAL, priced between Rs 41 lakh and Rs 53 lakh. “Our goal is to service 90% of India's EV market. By the end of the year, we want to have established ourselves in both big towns and tier-1 cities” according to Sanjay Gopalakrishnan, senior vice president of BYD India's electric passenger car division. The BYD India automobile division currently sells the BYD ATTO 3 SUV and the e6 MPV through a network of 24 showrooms located in 21 locations.

The BYD India automobile division currently sells the BYD ATTO 3 SUV and the e6 MPV through a network of 24 showrooms located in 21 locations.

BYD seeks to touch 90% of Indian EV market

Chinese company BYD seeks to touch 90% of Indian EV market

<a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Tata Motors</a> again illustrated how it is always improving its <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicles</a> with the just-released <a href="https://evindia.online/product/tata-motors-nexon-ev-xe" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Nexon EV</a> facelift. The upgraded SUV is powered by a brand-new electric motor that will probably also power its impending Gen 2 EVs. According to Tata Passenger Electric Mobility's chief products officer and director of HV programmes, Anand Kulkarni, the firm has been able to achieve this because EVs are intrinsically more versatile than ICE automobiles. "Electrification gives you a certain freedom, it gives you a certain flexibility," citing&nbsp; Kulkarni Autocar India reported. This was part of a larger conversation about how the Nexon EV has changed much since it was first introduced in the market in January 2020. Even before this most recent makeover, the Nexon EV has improved in only three and a half years, adding selectable regeneration modes, a bigger battery option, greater power and torque, a longer range, a stronger AC charger, and a number of other features and quality-of-life enhancements.&nbsp; It also received updated battery management and cooling algorithms, V2V and V2L reverse charging, a more aerodynamic body, more incredible regen, more efficient tyres, and the previously stated new motor with this makeover. Speaking about the motor, it is claimed that although it has similar power and torque outputs, it contributes considerably to a 7.5% improvement in total efficiency. In addition to being 20 kg lighter and more compact, the new motor spins quicker (16,000 rpm as opposed to 12,000 rpm in the old motor) and is quieter. The most major electric vehicle release will be the second generation, or Generation 2, to use Tata's terminology. Kulkarni described the newest Nexon EV as "an evolution from Gen 1 to Gen 2." "Whether it is 1.5 or 1.7, I wouldn't put a number on it; the important thing is to keep improving to meet customer expectations."&nbsp; Tata GEn-2 EVs will have next-gen batteries&nbsp; Gen 2 cars will have significantly redesigned floor plans that enable bigger, more sophisticated batteries, new-generation motors, and even dual motors with AWD - as will be the case with the Harrier and Safari EVs - in contrast to Gen 1 models, which are ICE models with minor, inexpensive modifications to accommodate electrification. By significantly altering the underfloor in Gen 2, Kulkarni explained, "You are able to expand the size of the battery and, more importantly, you are able to go format agnostic." This implies that you are no longer limited to using a specific type of battery. For instance, Gen 1 might work best with cylindricals, but you could also use prismatic or large-format cylindricals after that. Options become available. And that only applies to Gen 2; not even to Gen 3.&nbsp; The Gen 2 vehicles will also include gasoline-powered powertrains, despite the fact that they are usually referred to as EVs.&nbsp; Some Gen 2 vehicles, including the Punch EV, Harrier EV, and Safari EV, will be based on current ICE versions. However, as seen at the 2023 Auto Expo, two brand-new models, the Curvv and Sierra, will be Gen 2 EVs from the start and will also be available with petrol engines. According to him, the Gen 2 may be made compatible with a wide range of alternative power propulsion systems and so serve as a platform for ICE power plants as well. Additionally, the Curvv and Sierra, two Gen 2 devices that were recently demonstrated, will be backwards compatible.&nbsp; <h2> </h2>Mutual benefit from 3-generation approach&nbsp; So in many respects, the Gen 2 vehicles, which are more of a hybrid platform than a hybrid car, will serve as the ideal link between ICE and EV versions. But is Gen 3 even necessary since Gen 2 already offers so many benefits? Yes, according to Kulkarni, a born-electric skateboard platform offers advantages of its own.&nbsp; "Aside from the battery options, when you upgrade to Gen 3, you can also make some fundamental changes to the underlying architecture, which not only gives you a lot of room for the battery but also the ability to utilise space inside the cabin for more comfort and spaciousness, and to give you, therefore, more features that you would want."&nbsp; The three-generation strategy's benefits are obvious. Tata Motors was able to move swiftly and outpace competitors with Gen 1's quick conversions, whereas Gen 2's adaptability will enable a steady transfer to newer technology while preserving ICE for the transitional period. This will then allow Tata ample time to fully develop Gen 3 in the background before releasing it after the market has advanced a little bit more.&nbsp;

The Nexon EV has improved in only three and a half years, adding selectable regeneration modes, a bigger battery option, greater power and torque, a longer range, a stronger AC charger, and a number of other features.

Nexon revelation marks transition from Gen1 to Gen2 EVs

Nexon revelation marks transition from Gen1 to Gen2 EVs: Tata Motors

As part of its effort to further improve its position in the rapidly expanding <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicle </a> industry, <a href="https://evindia.online/product/tata-motors-nexon-ev-xe" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Tata Motors Ltd</a>. is developing specialised dealerships in India that are specially made to handle electric vehicles, according to Bloomberg. "We thought that EVs need a new brand concept and identity. In the upcoming quarters, we will begin pursuing exclusive EV dealerships, according to Shailesh Chandra, managing director of the company's passenger car and electric mobility division.&nbsp; According to Chandra's remarks made at a roundtable meeting with media in New Delhi, Tata initially intends to set up a small number of retail locations devoted to electric vehicles sporting the August-introduced Tata.ev brand.&nbsp; However, particular target markets were not made public. The corporation is also in the midst of finalising its foreign strategy, which may entail exporting <a href="https://evindia.online/car" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric cars</a>. By the year 2027, Tata plans to invest almost $2 billion in the creation of battery-powered vehicles. The business recorded sales of 4,613 electric passenger vehicles, including the <a href="https://evindia.online/product/tata-motors-tigor-ev-xe" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Tigor</a>, <a href="https://evindia.online/product/tata-motors-nexon-ev-xe" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Nexon</a>, and <a href="https://evindia.online/product/tata-motors-tiago-xe-(19.2-kwh)" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Tiago EV</a> models, in India last month, representing a 65% increase over the same period last year, according to information from the Federation of Automobile Dealers Associations of India. With the development of a battery facility in the western state of Gujarat, which is anticipated to have a manufacturing capacity of 20 gigawatt hours, the carmaker is strengthening its local electric vehicle supply chain. <a href="https://evindia.online/company/ola-electric" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Ola Electric Mobility Pvt</a> and Reliance Industries Ltd. are two other businesses with intentions to produce lithium-ion cells in India. According to Chandra, Tata will continue to adapt to changing rules. Chandra also said that the adoption of the Bharat Stage 7 emissions guideline is anticipated to result in significant declines in sales of diesel vehicles. In the most recent fiscal year, 16% of Tata's lineup of passenger cars were diesel models.

As part of its effort to further improve its position in the rapidly expanding electric vehicle industry, Tata Motors Ltd. is developing specialised dealerships in India that are specially made to handle electric vehicles

 Tata Motors pushes for expansion

With specialized EV dealerships, Tata Motors pushes for expansion

In addition to previously stating that ICE and EV <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">two-wheelers</a> would coexist, Siddhartha Lal, the managing director of Eicher Motors Limited (EML), has now disclosed that the company's bike-making subsidiary, Royal Enfield, will introduce its first electric bike in India in 2025. "The electric motorbike won't be available for sale for almost two years. We are driving our test vehicles. We will need some time, though. Lal said at a press conference with reporters following the release of the company's Q1 results that we don't want to disclose anything that isn't fully developed to the market. "Our plan is to be totally disruptive," he continued. “Therefore, it is not about putting something in and hoping, facing off against rivals, or outperforming them. In terms of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a>, the paradigm we're striving towards is completely different. Creating anything truly amazing takes time.” Earlier this year, it was revealed that the venerable bike manufacturer has started working on electric vehicle (EV) research. To give a more concentrated emphasis on the EV sector, Eicher Motors established a specialised arm for its EV project, the business has already assembled a committed team of over 100 individuals under the direction of CTO Umesh Krishnappa. "We have hired someone who is establishing a team and managing the commercial aspect of the EV business. Although there is a lot of work being done”, Lal cautioned that it will still be a few years away. For this fiscal year, Royal Enfield has set aside more than Rs 1,000 crore in capital expenditures, the majority of which will be used to create goods and sales infrastructure for electric vehicles. Before moving into a new, greenfield plant in Cheyyar, the company is in the midst of setting up a specialised assembly line with a capacity of around 1.5 lakh units annually for its electric vehicles. Regarding the argument that EVs fall under the purview of "Royal Enfield and Eicher Motors," Lal responds, "We do study all alternatives, we look at what others are doing, but we are not trend followers. The primary business must also be considered; is it a sunset business? You further dilute yourself if you put your eggs in something else. There is absolutely no attempt or activity to modify that the EV will remain inside Eicher Motors and be the future growth engine for Eicher Motors and Royal Enfield.” According to Govindarajan, CEO of Royal Enfield, the business is developing a strong team that is focused solely on EV projects because the product strategy is an extremely "elaborate process" that requires knowing "consumers' requirements." "We are putting up some capacity, testing the mules, and registering with the supply partners. But it's only one car; there are other components, such as battery management systems and motor control unit systems, that must be made for electric vehicles. The partners have all been created. Therefore, we are operating at full throttle in terms of execution”, said Govindrajan. Following the release of its June quarter results, which Lal referred to as its "best ever," Eicher Motors' stock price increased by about 1.6 per cent.

To give a more concentrated emphasis on the EV sector, Eicher Motors established a specialised arm for its EV project, the business has already assembled a committed team of over 100 individuals under the direction of CTO Umesh Krishnappa

Royal Enfield's first EV in 2025

Indian EV market seeks entry of Royal Enfield's first EV

Tesla and the Indian government have been negotiating to establish a new EV plant to produce vehicles costing about $24,000. The company also intends to include the Powerwall idea.  | EV Marketplace

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