Tesla will  concentrate more on the states of Tamil Nadu, Gujarat, and Maharashtra which currently have automotive centres to setup its EV manufacturing plant.

Tesla to establish EV plant in India with $3bn investment

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To establish an electric vehicle plant in India with an investment of $3bn, Tesla is reported to explore Indian places this month, Financial Times reported. The move supports Prime Minister Narendra Modi's efforts to increase local manufacturing. Citing two sources with knowledge of the project, FT reported on Wednesday that the plant's estimated value ranged from $2 billion to $3 billion. The report further said that the EV manufacturer would concentrate on the states of Tamil Nadu, Gujarat, and Maharashtra which currently have automotive centres. India reduced import taxes on certain electric vehicles (EVs) this month for manufacturers that agreed to invest $500 million or more and begin producing the vehicles domestically in India within three years. "In order to facilitate the production of high-tech e-vehicles in India, the government has approved a scheme to promote India as a manufacturing destination," the government said last month. In June, Modi asked Elon Musk, the CEO of Tesla, to visit India to discuss potential investment prospects in electric car technology. In an attempt to increase domestic manufacturing and lessen reliance on imports, the Indian government authorised an output-linked incentive plan for automobiles and auto components in 2021. The initiative has a budget of 25,938 crore rupees ($3.1 billion) and is set to run for five years. On January 1, the programme was extended by one year. According to Ashwin Amberkar, a Canalys analyst, earlier this month, "Tesla is the most attractive electric vehicle maker for India due to its large appetite for investment in global expansion appetite and its ability to develop the EV production ecosystems." He further said, "Tesla has a great opportunity to establish a strong position in the country as the new Indian EV policy offers increasing incentives." China's BYD, which sold more battery-powered vehicles than Tesla in the fourth quarter of 2023, surpassed the American EV giant as the world's leading EV manufacturer, putting Tesla in a serious challenge. However, in 2024's first quarter, BYD's sales fell short of Tesla's sales. Worldwide EV sales are roughly 60% driven by the Chinese market. Brands such as Xiaomi, Xpeng, and BYD have been energising the market with their new model releases and pricing battles.

Tesla to establish EV plant in India

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“Are we one” to join the revolution? Asked Revolt Motors on Tuesday while launching its all-new electric bikes RV1 and Rv1+. Starting from only Rs 85,000, the launched vehicles are expected to complete the company’s fleet by tapping the affordable price range and family-ride market.&nbsp; The company has already started pre-booking for the ride with a token amount of Rs 499 and surprisingly, the waiting time has been kept to only 10 days.&nbsp; Launched, reportedly, as India’s first electric commuter bike with reverse mode, Anjali Rattan, Chairperson, of Rattan India Enterprises Limited claimed that the bike is one of its kind. In talks with EVINDIA, the Chairperson said, “We are right now the number 1 electric motorbike company of the country and for the next 5 years, our aspiration is to be number 1 in terms of sales, service and new product launches.” When asked about the difference between the company’s previous offering and the new launch, the chairperson remarked, “It (the new vehicle) is more like a commuter and a family bike which is pocket-friendly as well.” The entry-level electric bike RV1 will be available in a 2.2kwh variant and cost Rs 84,999, meanwhile, the RV1+ will come with a 3.2kwh battery and cost Rs 99,999. The RV1 ride can get charged from 0 to 80% in just 2 hr 15 min whereas the RV1+ will take 3hrs 30mins. Interestingly, the fast charging feature in the RV1+ can reduce the charging time to as low as 1hr 20 mins, making the bike stand out in the EV market. <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdgd_Jgk2mu-IXhvydkr7JtWVuMndyM92r7LMDWK4oG1BVtAWHcyG-4Wgan8w_xRLPbJWmmJ_8GX630f4rwD6y2b7cSc2W2SUGl3fmb4N5RBszRU69Ggjw-M-Y73D2JRM2zNu2zUJlgbKMQ2wh8pDLq-v-b?key=S-w8f29kBbmKCzJsL9Nfyg" height="423.97310513447434" width="582"> Both vehicles have the same top speed of 70kmph and can produce a peak power of 2.8 kW. However, RV1 has an IDC range of 100 km and the RV1+ model provides a range of 160 km.&nbsp; Like the company’s previous offering, the newly launched vehicles will also feature portable batteries, fixed right before the handles similar to conventional fuel tanks. RV1 and RV1+ feature dual disc brakes, a premium chain drive system, a built-in storage box, round LED headlights, and a 6-inch display with Eco, City and Sports modes.&nbsp; In aesthetics, the company has given a straight seat to the vehicle underlining a family-ride utility.&nbsp; Moreover, the RV1 and RV1+ feature a twin shock suspension at the rear and a telescopic suspension at the front. Both vehicles weigh 108 kg and have a payload capacity of 250 kg. With 180mm ground clearance and 790mm seat heights, the vehicles come with a combi braking system, ensuring riders' safety.&nbsp;

The company has already started pre-booking for the ride with a token amount of Rs 499 and surprisingly, the waiting time has been kept to only 10 days. 

Revolt motors unveil RV1 and RV1+

Revolt motors unveil RV1 and RV1+: All you need to know

Prime Minister Narendra Modi on the 2nd day of his visit to Singapore discussed various topics with his counterpart including electric vehicles (EVs), improving the infrastructure of ambulances in India and the scrappage business of old vehicles. During the Business Leader’s summit, both the representatives discussed extensively ways to establish a resilient semiconductor ecosystem in India. The Indian automobile sector has seen an increase in customer demand for electric vehicles. Moreover, to increase customer acceptance of electric vehicles, the government has enacted the FAME subsidy and EMPS plan as incentives to improve electric vehicle production and India's EV charging infrastructure.&nbsp;&nbsp; Citing PM Modi at the Business Leaders’ Summit, Republic World reported, “If your companies choose to invest in this direction, it will help create a substantial new market for electric vehicles.”&nbsp;&nbsp; PM Modi also addressed the medical infrastructure during the Singapore Business Leaders' Summit, namely the outdated ambulances still in use in India. PM Modi calls to upgrade these ambulances with contemporary hybrid technology. Hybrid ambulances would give both options because hybrid technology uses both electricity and petrol, reducing the danger of the ambulance breaking down in the middle due to fuel issues.&nbsp;&nbsp; “For instance, my top priority is to replace all the old ambulances in the country with new ones, focusing on hybrid electric vehicles. This would ensure that our ambulances never have to stop due to fuel issues,” the report further cited. The Indian government launched the Vehicle Scrappage Policy in 2021. This initiative aims to replace outdated and inefficient automobiles with newer, more modern ones. Currently, the government offers incentives to customers willing to buy a new vehicle if they can present a scrappage certificate for their older vehicle. “We should also address environmental problems in other ways, such as through a scrapping policy. In this sense, I want to discard all outdated government vehicles. Removing these old automobiles is a significant challenge in a big country like ours,” PM Modi further said.

PM Modi also addressed the medical infrastructure during the Singapore Business Leaders' Summit, namely the outdated ambulances still in use in India. PM Modi calls to upgrade these ambulances with contemporary hybrid technology.

PM Modi invites investments in India’s EV market

 PM Modi invites investments in India’s EV market: 2nd day of PM Modi's visit 

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>

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

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

Popular Chinese smartphone maker Xiaomi revealed the SU7, their first <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicle</a>. Xiaomi has now said that tomorrow, December 28, during an event, it will reveal the technology underlying its first-ever <a href="https://evindia.online/electric-cars" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric car</a>. The exhibition, which will be held during the Stride event in China, will provide attendees with a peek into the technology that goes into Xiaomi's SU7, the company's first electric vehicle. The firm made it clear that there will be no product demonstrations during the event; instead, all attention will be on its electric vehicle technology.&nbsp; On his X account, Xiaomi's CEO and founder, Lei Jun, revealed the date of the technology's introduction for the SU7. He said, "Today marks the 1000th day since we announced our entry into the EV industry. Back in the early days, I spent three days in a marathon meeting with the EV team talking about a very simple question: what sort of automobile do we want to build? One thing was clear to everyone in that room: there is no royal way to success. In order to create a fantastic automobile, we pledged to start from scratch and invest 10 times as much in the essential technology! Not just 1000 days of hard R&amp;D by our EV team, but 13 years of research and development at Xiaomi is what led to these advances.” According to Xiaomi, the SU7 has performance to match those of high-end vehicles like the Porsche Taycan Turbo. Additionally, Xiaomi said that the electric car will have technologies influenced by electric vehicles such as the Tesla Model S. Lei Jun also stated on social media that "SU stands for Speed Ultra." SU7 is anticipated to be an incredible performer. The update seems an attempt to penetrate a completely new segment of the future market, as the company's smartphone market share has declined from 20.6% in Q3 2022 to 16.6% in Q3 2023.&nbsp; The Xiami SU7 electric sedan is a vehicle that is still unknown, however, it is anticipated to come in three different variants: SU7, SU&amp; Pro, and SU7 Max. It will be available in two versions: one with Lidar and the other without. Xiaomi has disclosed that the SU7 will come with a Rear-Wheel Drive (RWD) and All-Wheel Drive (AWD) engine, depending on performance needs. With an electric motor on the front (295 bhp) and rear (368 bhp) axles, the AWD system produces a total power output of 663 bhp. In contrast, the RWD arrangement places the electric motor on the back axle, producing 368 horsepower of power.&nbsp; Furthermore, Xiaomi has stated that the peak speed of the SU7 would be 265 km/h for the higher model and 210 km/h for the cheaper one. The Xiaomi Su7 is in trial production and will launch on the domestic market in a few months, according to a social media statement by the company's founder and CEO. Although the exact cost is still pending, we guarantee it will be more than you anticipated.

SU7 is anticipated to come in three different variants: SU7, SU& Pro, and SU7 Max. It will be available in two versions: one with Lidar and the other without. 

 Xiaomi to unveil its first-ever EV “SU7”

Smartphone manufacturing giant Xiaomi is all set to unveil its first-ever EV “SU7”

India will develop new regulations to entice producers of <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicles (EVs)</a> and promote more investment in the industry, the commerce minister, Piyush Goyal announced on Wednesday. Goyal's remarks come as American electric vehicle manufacturer Tesla continues to discuss the prospect of establishing a facility in India with the Narendra Modi administration. According to people with intimate knowledge of the situation, Reuters reported last month that India was developing an EV strategy that would lower import levies for automakers that committed to some local manufacture. When asked about the government's plans, Goyal stated that the industry will be consulted on the new regulation. The administration wants to enhance domestic EV manufacturing as quickly as feasible and attract more investment, therefore he said, "We will come out with a policy." Goyal stated, "As we get large-scale production, we will start enjoying the fruits of economies of scale of new technologies," without elaborating on any potential inducements. Senior officials from Tesla who were interested in constructing a manufacturing in India met with Goyal in August. For both the Indian market and export, Tesla intends to create a low-cost EV priced at $24,000, which is roughly 25% less expensive than its current entry-level model. Tesla, which spent $1 billion on parts last year, plans to purchase components from India this year in the range of $1.7 billion and $1.9 billion, according to Goyal, who made the announcement on Tuesday.

The announcement come as American electric vehicle manufacturer Tesla continues to discuss the prospect of establishing a facility in India with the Narendra Modi administration.

India is all set to legislate new policies

India is all set to legislate new policies for increasing investment in EVs

Earlier this year, Sony and Honda jointly debuted their eagerly awaited Afeela <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">EV</a> in their consumer electronics show. In newer information, the <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">car</a> is described as being more than just a mode of transportation and as being like a smartphone on wheels. However, for this large-scale undertaking to become true, it will depend on technologies made available via the Digital Chassis platform from Qualcomm, as was reported. The Level 3 Self-Driving Smart EV Capabilities In addition to a number of cutting-edge technologies, the Afeela EV is expected to arrive in 2025. These include about 45 sensors, lidar technology, eight cameras, and integrated artificial intelligence (AI) capabilities. These elements are necessary to achieve Level 3 self-driving capabilities, where the automobile drives itself but the driver is always ready to take over. Qualcomm's Contribution Is Critical Qualcomm has made great progress in the automotive sector by developing processor chips for Android handsets. The Digital Chassis platform will be the foundation for all future technology developments at Afeela. The platform can deliver over-the-air updates and real-time alerts by gathering data from multiple sensors and providing seamless communication through 5G and Wi-Fi, all while learning and adjusting to the driver's preferences using real-time data. Afeela EV: A Scientific Wonder The Unreal Engine, a company that has been making a lot of noise for its photorealistic visuals, will power the screen graphics on the Afeela EV. The creation of the car will be built on Honda's yet-to-be-released architecture platform and Sony's experience in digital technology. The user experience will also be enhanced with media from Sony's video game, music, and movie divisions. Cost and accessibility Despite the lack of detailed pricing information, industry experts believe the Afeela EV will be a niche, low-volume product. The estimated MSRP is anticipated to be more than $100,000 due to its amazing technological features. One of Honda's plants in Ohio will start producing in 2025, and 2026 will see the start of deliveries. In all likelihood, it hasn't shown any signs to get a debut in India.

The EV include about 45 sensors, lidar technology, eight cameras, and integrated AI to achieve Level 3 self-driving capabilities, where the automobile drives itself but the driver is always ready to take over

Sony & Honda plans Afeela EV

Enjoy “Smartphone on wheels” with Level 3 autonomous driving feature: Sony & Honda plans Afeela EV

<a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Electric Vehicles</a> are frequently seen as the main platform for decarbonizing road transport. But one of the main issues is how to deal with electric vehicle recycling or end-of-life options. While there are many startups in the new product sector, the recycling sector hasn't gained much traction. Countering this challenge, <a href="https://www.attero.in/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">Attero Recycling</a> is placing its biggest wager on precisely this market. The company's ability to recycle 3,500 tonnes at the moment is being increased to 6,000 tonnes annually. Additionally, it recently put into operation a new plant in Telangana, increasing its capacity there by 12,000 to 13,000 tonnes. Millions of lithium-ion batteries must be recycled properly to avoid a large amount of hazardous waste being discarded in an untreated way, therefore, this still represents a tiny portion of the enormous worldwide demands. "The majority of our clients are located outside of India. Therefore, cobalt, lithium graphite, and nickel have applications besides batteries. Nickel has many uses, graphite is used in India, cobalt is used in the steel industry and speciality chemical industries, and lithium carbonate is used in the pharmaceutical industry and speciality chemical industries, nickel has multiple uses, and there are other prior factors as well, especially in the form of graphite anodes and electrodes”, Nitin Gupta, CEO &amp; Co-Founder of Attero Recycling stated. Regarding investment, Gupta emphasised that Attero is a successful business that is on course to generate revenues of Rs 600 crore and continue to expand. "We are always attempting to determine the optimum route of capital allocation for the business and the project. We constantly raise both debt and equity and at the moment we are also in the process of finalising an equity round. However, he remained mum on the precise figure. <h2>Expansion and Poland plant</h2> The <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">two</a>- and <a href="https://evindia.online/vehicles?type=4" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">three-wheeler</a> sectors now account for the majority of electric vehicle sales in India, but the four-wheeler segment is anticipated to catch up quickly. Thanks to a flurry of launches and new electric versions or mass-market model releases by Indian and international OEMs. The volume of investments made by both established and emerging competitors in the lithium-ion battery market also implies that Attero Recycling won't have to rely only on foreign sourcing. According to Gupta, his business uses technology which is modular and would establish at least 5 facilities in India over the next three years. He said, "Attero has great intentions for its Polish factory. We have a fully-owned subsidiary in Europe. Environmental permit applications are now being processed, and the plant's location has been decided. We anticipate starting up the Polish factory this year. Indian players The majority of Indian businesses now import lithium-ion cells since there are no significant producers in India. However, as players like Exide, Amara Raja Group, Tata Group, Log9 Materials, Godi Energy, and Ola Electric, among others are planning to set up their plants, their activity has recently increased. This indicates that once lithium-ion cell production begins in India, there will also be a significant amount of trash, which will serve as a new supply source for Attero Recycling. Gupta said, "There is no Indian business involved in cell production, but we are in contact with all the Indian players. The cost of lithium is another factor that has not decreased as anticipated. According to Gupta, if one looks at the price of lithium, it has climbed more than ten times and decreased by 10% in recent months. "There is no equivalent. More accurately, it's an increase of 1,000% and a fall of 10%. Currently, 99 per cent of the materials can be recovered by Attero Recycling, and even the remaining 1 per cent is recovered over time. "Over the next three years, we want to increase our recycling output to the point where it can fulfil at least 10% of the global demand for cobalt, lithium, and graphite. Due to the fact that mining is a very dangerous industry everywhere in the world, we have had a huge influence in terms of sustainability. The graphite we generate at Attero has a 20 times smaller carbon footprint than graphite originating from China from the standpoint of carbon footprint reduction or carbon neutrality, said Gupta.

 Millions of lithium-ion batteries must be recycled properly to avoid a large amount of hazardous waste being discarded in an untreated way, therefore, this still represents a tiny portion of the enormous worldwide demands.

The company's ability to recycle 3,500 tonnes has been increased to 6,000 tonnes annually

The company's ability to recycle 3,500 tonnes at the moment is being increased to 6,000 tonnes annually

Attero works on recycling lithium-ion EV batteries.

<a href="https://www.renault.co.in/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Renault</a> is contemplating constructing a mass-market electric car in India as the nation gets ready to switch to e - mobility, insiders have told Reuters. Many manufacturers are preparing new EV releases in India as EV adaptation is projected to increase in the nation, surpassing Japan in automotive sales in 2022. The analysis by Renault shows how the French manufacturer is moving on with electrified ambitions in the nation despite continuing discussions with its partnership with Nissan Motor over-investment in an EV subsidiary it intends to separate from its existing businesses. The survey also draws attention to the country's changing perspective on the car market, which saw a substantial increase in 2022. The Indian government has established a strategy to increase EV sales to 30% by 2030, even though they were projected to account for lower than 1% of all automobile purchases in India in 2022. <h2><a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Renault Kwid EV</a> Launch</h2> The business is now evaluating future demand, cost, and the EV's ability to be constructed using regional components. If the release is approved, it won't happen until the end of 2024. Renault's decision to launch the electric Kwid is a product of a larger strategy to drive revenue in India, which is still lucrative, having sold fewer vehicles in 2022 than the preceding year. Nevertheless, Renault India has not yet provided an official statement about the subject. According to the firm, CEO Luca de Meo's strategy includes a clear emphasis on electrification internationally, and India is one of the leading economies for the company. <h2>Renault Kwid EV Expected Price</h2> The corporation will probably price the automobile affordably to attract customers in the sector. This might become one of the best reasonably priced electric vehicles in the nation. It will focus on the <a href="https://evindia.online/company/tata-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Tata Tiago EV</a>, becoming known as India's best reasonably priced passenger electric vehicle. In India, Renault manufactures the Triber seven-seater, Kiger SUV, and Kwid hatchback. In 2022, its sales decreased by 9% to over 87,000 units, and its sales volume decreased slightly more than 2%. According to the source, Renault also intends to spend money renovating and modernizing some of its significant dealers in major cities as an element of the India revamp. The business claimed to have 500 sales locations throughout India. Tata Motors, a domestic automaker that dominates the market for electric vehicles, and international competitors Stellantis, Hyundai Motor, and SAIC's <a href="https://evindia.online/news/the-all-new-mg-4-electric-hatchback-teased-in-india--read-to-know-more" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">MG Motor</a> are all planning EV debuts in India.

Renault Kwid EV Launch in India : What We Know

Renault motors is planning it's all-new Kwid EV next year. Read to know more.

Somsubhra Chowdhury

Tesla will  concentrate more on the states of Tamil Nadu, Gujarat, and Maharashtra which currently have automotive centres to setup its EV manufacturing plant.  | EV Marketplace

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Tesla to establish EV plant in India with $3bn investment

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