Three 60KW DC Fast chargers have been built by Torrent Power in Ahmedabad, one each at Prahladnagar, Naranpura, and Drive-In-Road

Torrent Power shares show 2% increase after launch of EV charging stations

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After the business opened its first set of charging stations in Ahmedabad at 9:24 am on July 25, shares of Torrent Power traded higher by 2.3 per cent at Rs 617.95. According to the firm, four <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">EV</a> charging stations have been installed in Ahmedabad, and two more are scheduled to be introduced in Surat soon. Additional cities will also likely be added soon. The business has joined hands with Siemens to work together to create the EV charging network. Three 60KW DC Fast chargers have been built by Torrent Power in Ahmedabad, one each at Prahladnagar, Naranpura, and Drive-In-Road. Two vehicles can be charged simultaneously by each charger. A 22 kW AC charger has also been installed in Ahmedabad in addition to this. The firm provides one of the lowest unit prices in the city at Rs 12 a unit. Additionally, a 20 per cent first-charge discount has been provided for a constrained time. Three Pumped Storage Hydro Plants with a combined capacity of 5,700 MW were to be developed in Maharashtra under a deal between Torrent Power and the state's government in June. The business plans to carry out these initiatives over a five-year period.

Torrent Power establish EV charging stations

Prashant

Volvo Cars modified its ambitious target of becoming entirely electrified by 2030. In a statement issued on Wednesday, the firm declared a shift in strategy, witnessing the need to provide a mix of electric and hybrid vehicles shortly. This decision further illustrates the general trend now seen in the automotive industry.&nbsp; Several key carmakers faced various issues in their effort to fully electrify their fleet with slower than anticipated EV adoption rates. Indeed, expensive upfront costs for EVs, limited charging infrastructure, and driving range concerns have all been contributors in this respect. Volvo Cars, which is majority-owned by China's Geely, underlines that its updated objective calls for 90-100% of its sales to be completely electric or plug-in hybrid vehicles by 2030. However, the business accepts that a limited number of mild hybrid vehicles may still be available if market conditions dictate. While Volvo has previously stated its unwavering commitment to an all-electric future by 2030, the update reflects the challenging market conditions. The rising popularity of hybrid automobiles, which provide the benefits of cost and convenience, has pushed several automakers to reconsider their electrification strategy. The delayed distribution of charging infrastructure reinforces the case for hybrids as a feasible alternative for many customers in the near future.

Volvo Cars, which is majority-owned by China's Geely, underlines that its updated objective calls for 90-100% of its sales to be completely electric or plug-in hybrid vehicles by 2030.

Volvo updates 2030 EV target

Volvo updates 2030 EV target, more focus on Hybrid as of now

Allianz Partners India and Pulse Energy, on Tuesday, announced a strategic partnership to improve electric vehicle (EV) ownership experiences across the country. The collaboration seeks to combine Allianz Partners' vast mobility support network with Pulse Energy's innovative roaming-hub-as-a-service platform. The update is likely to benefit customers by providing a range of features including smooth charging, real-time access to charger locations, and remote control of charging processes. Furthermore, roaming capability will alleviate range concerns among EV owners. An intelligent EV trip planner will create routes with accessible charges and local services, providing stress-free travel. Moreover, the partnership may introduce AI-powered technical help via a chatbot that will give rapid solutions for every EV and charger-related difficulty. This holistic strategy addresses crucial issues including range anxiety, charging infrastructure accessibility, and technical assistance. Citing Charu Kaushal, Managing Director of Allianz Partners India, Drivespark reported, "This partnership highlights Allianz Partners India's commitment to sustainable mobility. Collaborating with Pulse Energy is a significant milestone in our efforts to enhance the EV ownership experience in India. By integrating their advanced platform with our services, we are committed to providing a seamless, innovative solution that supports sustainable mobility and meets the evolving needs of the customers."

The partnership is likely to benefit customers by providing a range of features including smooth charging, real-time access to charger locations, and remote control of charging processes

Allianz Partners India And Pulse Energy join hands

Allianz Partners India And Pulse Energy join hands to ease charging solutions

Jeep has finally confirmed its intention to unveil the all-electric version of the Compass, the company’s famed midsize SUV, according the recent reports. The new Jeep Compass EV will be offered alongside mild-hybrid and PHEV powertrains, as part of the brand's "Freedom of Choice" strategy, according to a report by Team BHP. The automaker announced on Friday that prior to going officially on sale in the European market in 2025, the company intends to unveil the all-electric Compass SUV this year in November. As part of the brand's "Freedom of Choice" policy, the 2018 Jeep Compass EV will be available in addition to mild-hybrid and plug-in hybrid electric vehicles (PHEVs). The STLA Medium Platform of Compass EV's parent business, Stellantis, will serve as the foundation for the future model. According to the WLTP cycle, this platform's base pack provides 310 miles (500 km) of driving range, while the performance pack can provide up to 435 miles (700 km) of range. Moreover, those who are looking for a more rugged option can avail of the Compass EV "Trailhawk" trim. Jeep will launch the Compass EV prior to the release of its bigger sibling Wagoneer S, in Europe. Based on the 'STLA Large' architecture, the Jeep Wagoneer S EV is anticipated to deliver 600 horsepower and a range of "over 300 miles" on a flat tyre. The business is also developing a Wrangler-inspired Recon vehicle, which will have detachable doors and windows, in addition to the Compass EV and Wagoneer S EV. Additionally, the Renegade EV will be available for less than $25,000.

As part of the brand's "Freedom of Choice" policy, the 2018 Jeep Compass EV will be available in addition to mild-hybrid and plug-in hybrid electric vehicles (PHEVs).

Jeep to launch its all-electric Compass SUV

Jeep to launch its all-electric Compass SUV in November 2024

Gentari Green Mobility India on Tuesday declared the launch of their all-new Gentari Go app, marking a significant update in India’s sustainable automobile sector. The app’s software incorporates a number of clean energy options, such as residential solar energy systems and green transportation programs. Underlining the company's dedication to reaching net-zero emissions, Gentari's Country Head for India, Navjit Gill stated, “Our top goal is to work together with partners, clients, and governments to reach net zero. Today’s launch of the Gentari Go app and the new alliances we've formed demonstrates our dedication to developing renewable energy.”&nbsp; Reportedly, the app's launch is supported by collaborations with ChargeZone, Statiq, and Numocity, which provide access to more than 1,500 EV chargers throughout India. In highlighting the importance of the launch, Nikhil Thomas, CEO of Gentari Green Transportation India, said, "The Gentari Go app represents a major step in promoting green mobility and enhancing operational efficiency for businesses." More than thirty per cent of carbon emissions in India come from the road transport industry. According to the recent goals stated by the government, India aspires to achieve 30 % of EV penetration by 2030. Aligning with the goal, Thomas said that in the upcoming years, there may be 30–40 million EVs on Indian roadways. Further stating Thomas, CNBC reported, "Recent years have seen significant developments in the EV sector, and with supportive policies, achieving 30% adoption by 2030 is feasible." Following the update, customers and companies can enjoy a user-friendly experience with the Gentari Go app. Moreover, to ensure fleet management, fleet operators can avail access to the wide network of public chargers, telematic support and business credits. Operators of charging points can provide service to both B2C and B2B clients by integrating themselves with the Gentari Go roaming hub. Moreover, automakers may improve customer experiences through features like Plug &amp; Charge, Credits, AutoCharge, and Membership Passes are examples of how automakers may improve customer experiences. Currently, there are more than 920 EV chargers connected to Gentari Green Mobility's network across&nbsp;Malaysia, Thailand, and India. Through its Vehicle-As-A-Service (VaaS) program, the corporation has also deployed over 3,800 EVs in Indonesia, Malaysia, and India.

Charging point operators can provide service to both B2C and B2B clients by integrating themselves with the Gentari Go roaming hub and automakers may improve customer experiences through features like Plug & Charge, Credits, AutoCharge, etc

Gentari Green Mobility unveils 'Gentari Go' app

Charging, Test Drives all at one place: Gentari Green Mobility unveils 'Gentari Go' app

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

Continental Device India Private Limited (CDIL) became the first Indian business to begin producing Silicon Carbide devices for <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles (EVs</a>) on Thursday, giving India's semiconductor industry a boost. The facility's overall capacity for CDIL will rise to 600 million units yearly with the addition of the new surface-mount semiconductor packaging line. Rajeev Chandrasekhar, Union Minister of State for Electronics and IT, virtually opened the new Surface Mount Semiconductor Packaging Line at the CDIL facility in Mohali, Punjab. According to the business, pilot production of 50 million units has already begun, and its first shipment has been made to clients in both the home and foreign markets. This will aid CDIL in preparing for the imminent increase in solar panels, power management equipment, and electric vehicles. In order to turn Mohali into the nation's end-to-end semiconductor centre, CDIL also inked an MoU with the Semi-Conductor Laboratory (SCL), a research facility there run by the IT Ministry. They will collaborate to create a thorough framework that will make use of SCL's specialist expertise and wafer fabrication resources to build indigenous wafers for CDIL's semiconductor devices utilising CDIL's own manufacturing techniques. Both the federal government and the state governments place a high priority on India's semiconductor mission, and the industry has seen several advancements. "It's encouraging to see CDIL leading the way in discrete semiconductor device packaging. CDIL is capable of packaging, design, and R&amp;D. Additionally, they once possessed a fabrication facility. In the future, I believe CDIL would also think about establishing a discrete fab in the nation with financial assistance from the "Semicon India" plan. Silicon Carbide (SiC) products have been identified and are the focus of CDIL. Specifically in high-power charging applications and battery management systems, SiC is an emerging technology that enables significantly better efficiency and power-handling capabilities. To gain expertise and aid in the transition to EVs, CDIL invested R&amp;D resources in discrete SiC technology. At the Mohali factory, CDIL has also set up an advanced testing and reliability laboratory. "We have invested time and money to perfect SiC devices, despite the fact that they are challenging to fabricate at scale. Large multinational clients in export markets have overwhelmingly praised CDIL for its ability to innovate on the brittleness and complexity surrounding the manufacture of SiC devices, according to Prithvideep Singh, General Manager of CDIL.

To gain expertise and aid in the transition to EVs, CDIL invested R&D resources in discrete Silicon Carbide technology.

CDIL unravels its new packaging units 

To gain expertise and aid in the transition to EVs, CDIL invested R&D resources in discrete Silicon Carbide  technology.

CDIL unravels its new packaging units for EV semiconductors in India

On June 27th in Ahmedabad, the third iteration of EVangelise, India's largest <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV</a> innovation challenge, was launched by iCreate (International Centre for Entrepreneurship and Technology), the country's top innovation-based start-up incubator. Distinguished businessmen attended the launch event in the honourable presence of Shri Jagdish Vishwakarma, Hon'ble Minister of State, Government of Gujarat, including Mr Rajeev Chaba, President and MD of MG Motor India, Mr Amitabh Saran, Founder and CEO of AltiGreen, Dr Yogesh Bhatia, MD and CEO of LML Electric, and Mr Kartikey Hariyani, Founder of TecSo Charge+Zone. The Hon'ble Chief Minister of Gujarat, Shri Bhupendra Patel, highlighted the value of electric mobility in a message, emphasising how it would help India become a cleaner, greener country in the future, in keeping with the vision of Atmanirbhar Bharat that the Hon'ble Prime Minister, Shri Narendra Modi, has outlined. He praised iCreate for their ongoing efforts in putting on EVangelise and urged participants to help India gain a leading position in the world's electric vehicle market. The CEO of iCreate, Mr Avinash Punekar, expressed his happiness at the EVangelise 23 debut and reaffirmed the company's commitment to actively support India's transition to sustainable mobility. He expressed confidence that building on the success of the other editions, EVangelise 23 will provide EV entrepreneurs and innovators with chances like never before. The opening event featured engrossing keynote addresses from business experts who discussed the direction of the EV industry's growth, obstacles, and lessons learned from their own experiences. Rajeev Chaba, CEO Emeritus of MG Motor India, said how proud he was to be a part of such an amazing project. In order to overcome challenges encountered throughout their journey in India's EV sector, he emphasised the need for technology and strategic alliances. In addition, he said that EVangelise was a huge step forward for the Indian e-vehicle industry and that it will fuel the development of sustainable, efficient, and clean transportation in the future. Mr Chaba continued, "EVangelise offers a fantastic opportunity to find distinctive solutions that are specially designed for India and at a reasonable cost.” A panel discussion titled "Steps to Make India a Global Leader in the EV Sector" was also part of the event. Arun Pratap Singh, co-founder and CEO of Matter; Amitabh Saran, founder and CEO of Altigreen Propulsion Labs; and Dr Yogesh Bhatia, MD and CEO of LML Electric are just a few of the panellists that represent well-known businesses. The panellists' deep knowledge and experience were put to use in a productive discussion about creating strategic plans to maintain India's dominant position in the world's EV market. The founder of TecSo Charge+Zone, Mr Kartikey Hariyani, enthralled the audience with his insightful stories about his experiences in the EV sector. He talked about how excited he was to be a part of EVangelise23 and how the platform offered great potential for development and cooperation in the EV sector. "I never thought I'd discover my calling in the EV environment. When we first entered the EV market in 2018, we encountered several difficulties. The State Government's assistance and our committed staff, however, allowed us to successfully negotiate the charging industry's difficulties. Without iCreate's incredible assistance, none of this would have been possible.&nbsp; The mission of EVangelise 23 is to catalyse ground-breaking innovation in India's electric vehicle industry. The programme seeks to foster the development of innovative concepts and advance India's electric vehicle market by broadening the challenge's scope and reach.

Distinguished businessmen attended the launch event in the honourable presence of Shri Jagdish Vishwakarma, Hon'ble Minister of State, Government of Gujarat

The CEO of iCreate, Mr Avinash Punekar, expressed his happiness at the EVangelise 23 debut 

 iCreate launches EVangelise’23: India’s biggest innovation challenge

India's top commercial vehicle manufacturing company, <a href="https://www.tatamotors.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Tata Motors</a>, has pillared the transport system of intra-city by introducing their manageable size, zero-emission electric vehicle, Ace EV. The initial batch of the vehicle is supplied to major FMCG, courier, and e-commerce companies such as Johnson &amp; Johnson Consumer Health, DHL, Amazon, FedEx, Delhivery, Flipkart, Safexpress, MoEVing, and Trent Limited.&nbsp; Revealed in May 2022, the all-new Ace EV has accomplished its strict real-market standard trials. Manufactured in collaboration with its users, the vehicle comes with a 5-year extensive maintenance package. Packed with sedulous technology, the company claims to give its users "hassle-free-e-cargo mobility." The claim is further supported by the users' overwhelming responses to the vehicle's 100 % uptime performance.&nbsp; The product's system includes the deployment and development of charging stations, application of Tata Fleet Edge, Deployment of <a href="https://evindia.online/company/tata-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Tata UniEVerse,</a> and partnership with the country's top financiers for maximum and optimal performance. Welcoming the first batch of the product, Executive director of Tata Motors, Mr. Girish Wagh, said, "The introduction of the Ace EVs on Indian roads marks a big step forward in the journey towards zero-emission cargo mobility. The holistic solution co-created with our partners effectively caters to various intra-city distribution needs and delivers a superior value proposition to all stakeholders. We are grateful for the trust and support of our customers. Their encouraging response to Ace EV inspires us to accelerate our endeavor of sustainable mobility and support the nation’s net-zero aspirations." Moreover, this product will be the first EV-launching EVOGEN powertrain of Tata Motors, providing a certified claimed range of 154 kilometers. The vehicle is said to deliver a safe ride with all-weather functioning. In addition, the vehicle is packed with advanced battery cooling technology, fast charging, a 27KW motor giving 130 Nm of peak torque, Regenerative breaks, and many more features. To suit the e-commerce requirements, the Ace EV is built with 208 ft^3 cargo volume and a grade ability of 22%. Its durability and lightweight features are designed to follow an easy ascend while fully loaded.&nbsp;

India's top commercial vehicle manufacturing company, Tata Motors, has pillared the transport system of intra-city by introducing their manageable size, zero-emission electric vehicle, Ace EV. 

Penetrating the commercial EV segment, Tata flags an all-new Ace EV in Indian Market.

Shubham

Three 60KW DC Fast chargers have been built by Torrent Power in Ahmedabad, one each at Prahladnagar, Naranpura, and Drive-In-Road  | EV Marketplace

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Torrent Power shares show 2% increase after launch of EV charging stations

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