With X, TVS hopes to improve its globalisation plan and put more of an emphasis on foreign markets. In keeping with this, a new two-wheeler was unveiled in Dubai while facing the Burj Khalifa.

TVS Motor unveils X EV in India, aspire to acquire  significant share in global markets 

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A new premium <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">EV</a> product, the X, has been presented by <a href="https://evindia.online/company/tvs" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">TVS Motor Company</a> for the Indian market after the company debuted its first electric scooter, the iQube, in 2020. Priced at INR 2,49,990 (ex-showroom, Bengaluru) and described as a 'crossover' between an <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric scooter</a> and a <a href="https://evindia.online/bike" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">motorbike</a>, X is not eligible for FAME subsidy. The new <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">two-wheeler </a>comes with a 4.44kWh twin battery pack. A turning point in TVS's made-in-India journey has been reached with this launch. At the inaugural ceremony held in the United Arab Emirates (UAE) on Wednesday, Sudarshan Venu, Managing Director, TVS Motor Company, stated that X has been created for "global citizens, who are trendsetters and visionaries with an enthusiasm for technology." With X, TVS hopes to improve its globalisation plan and put more of an emphasis on foreign markets. In keeping with this, a new two-wheeler was unveiled in Dubai while facing the Burj Khalifa. The world's tallest structure briefly lighted up as the business unveiled the car to highlight the EV. Latin America, the Middle East, Europe, and Southeast Asia are among the countries X is aiming to sell its products abroad. Next fiscal year, exports are anticipated to start. From the ground up, TVS built X on the brand-new platform 'Xleton'. Internally created components include the software architecture, infotainment system, electric motor, and Battery Management System (BMS). The firm, situated in Chennai, claimed to have invested INR 250 crore in this initiative and has ambitions to create over 100 new EVs every day.

TVS Motor unveils X EV 

Prashant

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

With an estimated investment potential of Rs 40,000 crore, the Sajjan Jindal-led JSW Group has suggested industrial projects in Odisha for the production of <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles (EVs)</a>, which may provide employment possibilities for 11,000 people. Under the direction of Chief Minister Naveen Patnaik, the state Cabinet has authorised a special incentive package that includes capital subsidies, land, energy, and water. "In the Cuttack district, in Naraj, the JSW Group has planned to establish an electric vehicle and electric vehicle battery production complex,” according to Chief Secretary P K Jena. He further said, "The world's largest single location project in the sector will be the unique advanced technology-based battery manufacturing project with a capacity of 50 GWH." “In two stages, the business intends to establish an original equipment manufacturing factory for electric vehicles and their components at the Naraj complex,” according to Jena. Over 4,000 jobs would be created in the state by JSW's planned Rs 25,000 crore investment over the course of these two stages. The JSW Group intends to establish an EV component manufacturing complex in the third phase in Paradip in the Jagatsinghpur area, which would include a copper and a lithium smelter. JSW intends to invest Rs 15,000 crore in the state during this phase, creating jobs for around 7,000 people.&nbsp; The Odisha government has authorised giving JSW Group 1,100 acres of land in Cuttack at a discounted rate, 220 KV of power, and 10 cubic seconds of water from the Mahanadi River as part of the special package. According to Industries Secretary Hemant Sharma, the corporation has also been promised other incentives, such as a capital subsidy of 20% of the project cost over five years. According to Sharma, the Odisha government has already selected land close to Naraj that would probably be given to JSW Group for industrial projects including the production of electric vehicles.

The JSW Group intends to establish an EV component manufacturing complex in the third phase in Paradip in the Jagatsinghpur area, which would include a copper and a lithium smelter. 

JSW Group suggests EV manufacturing projects in Odisha

Odisha may receive Rs 40,000 cr investment as JSW Group suggests EV manufacturing projects

The GST Council's fitment committee rejected the industry's request, so there won't be any decrease in the GST rate on the batteries used in <a href="http://www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles (EVs)</a>, as reported by CNBC TV 18. The EV sector had requested that the GST on batteries be lowered from 18% to 5%, but the fitment committee has suggested keeping the rate as-is. The fitment committee for the GST Council, which is made up of tax officials from the federal government and the states, is of the opinion that lithium-ion batteries have many applications, including in cellular mobile phones, portable devices, and electric vehicles, according to sources. It should be noted that while built-up EVs are subject to a 5% GST, lithium-ion batteries and charging stations are subject to an 18% GST. The change occurred only days after Union Minister Nitin Gadkari questioned the vehicle sector at a SIAM event about why buses and trucks couldn't operate on ethanol and praised them for putting more of an emphasis on alternative fuels and electric vehicles. "I advised businesses to switch to electric vehicles seven years ago; those who still need to do so have experienced a decline in market share today. For the car sector, making the right choice at the right time is crucial, he added. Kamran Rizvi, secretary of the Ministry of Heavy Industries, also told CNBC-TV18 that it was still too early to speculate on the effects of the reduced subsidy programme for EVs and that the government had not yet made a decision about the deployment of FAME III. In a recent notification, the Ministry of Heavy Industries announced changes to the FAME II (Faster Adoption and Manufacturing of (Hybrid &amp;) Electric Vehicles in India) II scheme. The Ministry of Heavy Industries reduced the subsidy on <a href="https://evindia.online/vehicles?type=5" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric two-wheelers</a> from Rs 15,000 per kWh to Rs 10,000 per kWh and reduced the maximum subsidy cap from 40% to 15%.

The fitment committee for the GST Council has suggested to keep GST rates of  built-up EVs at 5% , lithium-ion batteries and charging at 18%

EV batteries will not see any GST cuts

EV batteries will not see any GST cuts as proposal by industry faces rejection 

<a href="https://evindia.online/company/ather-energy" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather Energy</a>, a manufacturer of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a>, reported consolidated operational income of Rs 1,784 crore for the fiscal year 2023, an increase of about 337 per cent, even as its losses increased by almost 150 per cent to Rs 864 crore. According to financial information received by the business intelligence platform Tofler, Ather Energy's losses resulted from a 260 per cent increase in its overall costs during FY23, which reached almost Rs 2,611 crore. Operating costs at Ather increased by 270 per cent to Rs 2,498 crore in FY23. This follows a Reuters story that said <a href="https://evindia.online/company/ola-electric" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Ola Electric</a>, a direct rival of Ather, had an FY23 operational loss of Rs 1,119 crore ($136 million) on revenues of Rs 2,740 crore ($335 million). According to a statement from the firm, Ather sold 92,005 <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric scooters</a> in FY23 as opposed to 23,441 units the year before. The firm increased its footprint by opening a second greenfield factory to assemble and test vehicles in the same logistics park as the current plant in Krishnagiri, Tamil Nadu, throughout the year. "With this addition, the established production capacity has grown to 4.2 Lakh vehicles from a previous capacity of 1.2 Lakh vehicles per annum," the statement read. The company wants to expand into Tier-2 and Tier-3 markets and extend its presence in the North, East, and West areas. In order to gain market share, Ather "...aims to increase its network reach through retail partners in Tier-2 and Tier-3 markets with a focus on adding more experience centres in new cities," according to the paper. Through a rights offer, Ather Energy received Rs 900 crore in September from its current backers Hero MotoCorp and GIC. The most recent financing is an expansion of the $128 million Series E round, which was announced in May 2022 and was led in May of this year by the Strategic Opportunities Fund (SOF) of National Investment and Infrastructure Fund Ltd., Hero MotoCorp, and other investors. Ather Energy raised Rs 400.6 crore ($50 million) in October 2022, with the help of current investor Caladium Investment.

Ather sold 92,005 electric scooters in FY23 as opposed to 23,441 units the year before. The firm opened a second greenfield factory to assemble and test vehicles in the same logistics park as the current plant in Krishnagiri.

Ather faces loss of 150%

Ather faces loss of 150%: Operating revenue gallops 337%

With Independence Day drawing nearer, <a href="https://evindia.online/company/tata-motors" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Tata Motors</a> has joined up for the first time with the Kendriya Police Kalyan Bhandar (KPKB) to give its <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicles</a> to paramilitary forces, state police officers, and their families.&nbsp; The Tiago.EV,<a href="https://evindia.online/product/tata-motors-tigor-ev-xe" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);"> Tigor EV</a>, <a href="https://evindia.online/product/tata-motors-nexon-ev-xe" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Nexon EV</a> PRIME and MAX from Tata Motors would all be made accessible to venture recipients at discounted pricing as a result of this affiliation The Ministry of Home Affairs has established a welfare programme for the members of the Railway Protection Force (RPF),&nbsp; the Special Protection Group (SPG), the Intelligence Bureau (I.B), the National Investigation Agency (NIA),&nbsp; the National Crime Records Bureau (NCRB), the Indo-Tibetan Border Police (ITBP), the Sashastra Seema Bal (SSB), the Central Reserve Police Force (CRPF), the Border Security Force (BSF), the Central Industrial Security Force (CISF), the Assam Rifles and all State Police personnel. KPKB now operates 119 Master Canteens that serve as distribution hubs and more than 1800 subsidiary canteens that sell goods to the military and their families..

KPKB now operates 119 Master Canteens that serve as distribution hubs and more than 1800 subsidiary canteens that sell goods to the military and their families

Tata Motors join hands with Kendriya Police Kalyan

Tata Motors join hands with Kendriya Police Kalyan to provide electric vehicles 

In Lucknow, <a href="https://evindia.online/company/pure-ev" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">PURE EV </a> has opened the Ujala <a href="https://evindia.online/bike" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">E-Bike</a> showroom. A variety of electric bikes and <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">scooters</a> will be available at the showroom. In the presence of former MLA Vijay Bahadur Yadav, this business was officially opened.&nbsp; Through its extensive network of dealerships across the nation and worldwide, PURE EV has delivered more than 60,000 EV2W vehicles. The company built a 100,000-square-foot plant in Telangana that houses divisions for producing batteries and vehicles. Recently, PURE EV introduced the <a href="https://evindia.online/product/pure-ev-ecodryft" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">ecoDryft</a> electric motorbike.&nbsp; Rohit Vadera, the Chief Executive Officer of PURE EV, stated at the launch that Lucknow was one of the top 50 Emerging Global Outsourcing Cities. OEMs have a potential chance to expand their market reach because of the government's strong emphasis on electric mobility and the rising market demand for electric cars (EVs). We reiterate our commitment to Uttar Pradesh and our continued efforts to increase our footprint in this dynamic region as we open our newest dealership. Rohit Vadera further stated, "PURE EV has cultivated a strong team of product design and development at its R&amp;D unit, highlighting the technological features of the internally developed goods and the significance of the service network. The company's fundamental R&amp;D initiatives are in line with the expectations of the typical Indian consumer.

PURE EV has delivered more than 60,000 EV2W vehicles and has built a 100,000-square-foot plant in Telangana that houses divisions for producing batteries and vehicles.

PURE EV unveils showroom in Lucknow

PURE EV unveils showroom of Ujala E-bike in Lucknow

The<a href="https://www.tesla.com/modely" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);"> Tesla Model Y</a> is now the first all-<a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric car</a> to be hailed as the world's best-selling automobile, a study reported. According to statistics from <a href="https://www.jato.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Jato Dynamics</a>, Tesla Model Y topped Toyota's RAV4 and Corolla models in terms of global sales in the first quarter of 2023. According to The Verge, the 2023 Model Y starts at $47,490, which is much higher than the 2023 Corolla ($21,550) and RAV4 ($27,575). In comparison to the 256,400 Corolla and 214,700 RAV4 sold in the first quarter of this year, the Tesla Model Y sold 267,200 units internationally. Also, in 2016, Tesla CEO Elon Musk foresaw the event and said that this model will see demand in the 500k to 1 million units per year level. Musk claimed that the Model Y will overtake all other vehicles in the world in 2021.&nbsp;"We believe that the Model Y will be the most beloved automobile sold worldwide. Very likely next year,” he had previously told investors. "I'm not absolutely confident next year, but I believe it's extremely plausible." Having a more than 50% market share and more vehicles sold than all other automakers combined, Tesla continues to dominate the US <a href="https://evindia.online/vehicles?type=5" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicle</a> (EV) industry. According to Counterpoint Research, EV sales will rise to 7% of total passenger car sales in the US in 2022. Additionally, Mukherjee continued, "It is anticipated that Tesla will acquire an even bigger market share given the recent price reductions by Tesla and the fact that all variants of the Model Y are now qualified for the EV tax credit subsidy.”

According to statistics from Jato Dynamics, Tesla Model Y is the world's best-selling automobile

The EV tops Toyota's RAV4 and Corolla models in global sales in the first quarter of 2023

Tesla Model Y gets tag of world’s 1st best-selling EV

With X, TVS hopes to improve its globalisation plan and put more of an emphasis on foreign markets. In keeping with this, a new two-wheeler was unveiled in Dubai while facing the Burj Khalifa.  | EV Marketplace

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TVS Motor unveils X EV in India, aspire to acquire significant share in global markets

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