Ola Electric had significant triple-digit growth in its annual revenue. The business sold 53,320 units this month, a tremendous growth of 148.75 per cent over the 21,435 units sold in March 2023.

Two scooters at price of one: Ola reduces price of S1X electric scooter

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Ola Electric, an EV manufacturer located in Bengaluru, has announced a substantial price cut for its S1X electric scooter series. Three battery configurations—2 kWh, 3 kWh, and 4 kWh—are now available for the S1 X series, with the entry-level 2 kWh model starting at just Rs 69,999. The 3 kWh and 4 kWh versions will come in right after at Rs 84,999 and Rs 99,999, respectively. According to the corporation, the S1 X models will be delivered across the country starting the next week.&nbsp; The business has also disclosed the new prices for its other models in addition to this one. Now retailing for Rs 1.30 lakh, Rs 1.05 lakh, and Rs 84,999, respectively, are the S1 Pro, S1 Air, and S1 X+. Interestingly, all S1 scooters will include a complimentary 8-year/80,000-kilometre battery warranty at no extra cost. Ola Electric had significant triple-digit growth in its annual revenue. The business sold 53,320 units this month, a tremendous growth of 148.75 per cent over the 21,435 units sold in March 2023. Additionally, there was a notable increase in sales month over month, rising by 57.54% from the 33,846 copies sold in the previous month.

Ola reduces price of S1X electric scooter.

Prashant

To hold off on releasing the Xiaomi SU7, Xiaomi EV, the company's automobile division, informed prospective buyers and order holders that it is aiming to increase manufacturing capacity. In a message to order holders posted on Weibo today, Xiaomi EV stated that the delivery ramp-up for the Xiaomi SU7 is progressing well. The facility began double-shift manufacturing in June, and deliveries have already topped 10,000 units in a single month. Since July 1, Xiaomi EV has further expedited the delivery of its SU7 series, cutting wait times after orders are locked in by up to five weeks, the company stated. “To be ready for more capacity ramp-up, we will soon be starting a fresh round of manufacturing line optimisation and maintenance,” said Xiaomi EV. In an attempt to reassure buyers, Xiaomi EV stated that the manufacturing line optimisation will not impact its July delivery target of over 10,000 units. With three versions—standard, Pro, and Max and with beginning costs of RMB 215,900 ($29,700), RMB 245,900, and RMB 299,900, respectively, Xiaomi unveiled its first model, the SU7, on March 28. Moreover, April 3 marked the start of SU7 basic and Max version deliveries, while SU7 Pro deliveries started in May. Customers who presently buy the Xiaomi SU7 will have to wait over 30 weeks for delivery, according to statistics tracked by CnEVPost. The model has seen remarkable success since its inception. According to Xiaomi management's prior statement, Xiaomi EV intends to produce over 100,000 units by 2024 and surpass the 120,000 unit delivery objective. Xiaomi EV stated yesterday that it has shipped over 10,000 SU7 devices, however it did not specify how many. Listed in Hong Kong In the upcoming days, Xiaomi is anticipated to make an official announcement with precise SU7 delivery numbers.

With three versions—standard, Pro, and Max and with beginning costs of RMB 215,900 ($29,700), RMB 245,900, and RMB 299,900, respectively, Xiaomi unveiled its first model, the SU7, on March 28.

Xiaomi EV accelerates manufacturing capacity

Xiaomi EV accelerates manufacturing capacity to deliver SU7 on time

Prashant Sha

In June 2024, JSW MG Motor India registered retail sales of 4,644 vehicles. The business declared that in June 2024, sales of its flagship SUV, the ZS EV, reached an all-time high. New Energy Vehicles (NEVs) continue to be a major contributor to the company's overall sales, accounting for 1861 units during this time, or over 40% of sales. Compared to June 2023, when it sold 5,125 units, the company's June retail sales decreased by 9% year over year to 4,644 units. Additionally, the Cloud EV, a new electric vehicle, is in the pipeline of the MG motor to be introduced in India by September of this year. It will become a part of MG's electric vehicle lineup, which already includes the Comet and ZS models. Given that its proportions and drivetrain are quite comparable to those of the ZS EV, it will be fascinating to see where the Cloud EV sits in the MG EV lineup. Thus far, we've managed to get glimpses of the Cloud EV in testing with some of its patent photos. With dimensions of 1.85 metres in width, 1.65 metres in height, and approximately 4.3 metres in length, the Cloud EV is a crossover which can home up to five people.&nbsp; With headlights at the bottom and an LED DRL light bar up front, it features a simple design. With a longer bonnet, the front is similar to the Comet. The alloy wheels with a windmill design, flush-fitting door handles, and the charging outlet located on the front quarter panel are all visible from the side profile. A linked light bar with LED tail lamps is also attached to the back end.

With dimensions of 1.85 metres in width, 1.65 metres in height, and approximately 4.3 metres in length, the upcoming Cloud EV is a crossover which can home up to five people.

ZS EV sales touch an all-time high

MG Motor overall sales dip by 9%, ZS EV sales touch an all-time high

To stave off competition from Chinese manufacturers and get a larger market share while boosting profit&nbsp; margins, Renault is all set to introduce a planned line of seven automobiles in the luxury electric class. Within this decade, the company will launch the planned seven vehicles including an electric variant of the legendary Alpine A110 sports car. The first of these seven vehicles, the front-wheel drive Alpine A290 electric hot hatch based on the new Renault 5 E-Tech, was unveiled by the French automaker on Thursday. The A290 features a strikingly different Alpine style sheet. The ride comes with a X-shaped auxiliary headlights, which draw inspiration from a rally car's fog lamps. A low-mounted air intake with vertical vents on either side gives the front end a cunning smile. The A290 will have a two-tone exterior with a blue window border and a black roof. Wide fender flares that protrude from the side panels give the car an aggressive attitude and help it stick out even more from the side. Four trim options are available for the A290 from Alpine, which are divided into two distinct power brackets. The vehicle's electric motor produces 284 Nm of torque and 174 horsepower in the GT and GT Premium. With 215 horsepower and 300 Nm of torque, the GTS and GT Performance can reach 100 kmph in 6.4 seconds. The less potent versions accelerate by one second, with a top speed that consistently ranges from 160 to 170 kmph. According to Alpine, the A290 has a 52 kWh battery thanks to which the vehicle can travel about 380 kilometers. A few intriguing design elements from the Alpine concept car for the A290 that was unveiled last year were left out of the final production model. One such option was to place the driver's seat in the middle, emulating the Mclaren F1 of the early 2000s. Although it is the best driving posture in theory, the commercialization of the concept was not the most practical option. Covered in Nappa leather, the interior is in double tone. Sporty bucket seats in the Alpine A290 help to secure the occupants in position when negotiating steep turns. Positioned between the driver's digital gauge cluster and the center console is a 10-inch infotainment screen. The center console of the ride is fixed at the right side of the user’s footwell. In front of it, the rider will have a convenient wireless charging slot that can hold user's phone while connected to the infotainment screen which offers multiple Google services.&nbsp; The interior is manufactured to be completely driver-focused with every single button and display facing towards them. Moreover, the ride’s cockpit features a flat-bottom steering wheel that comes with a 'Recharge' knob that can adjust the level of regenerative braking and an 'Overtake' button.

The EV’s motor produces 284 Nm torque and 174 hp in the GT and GT Premium. The GTS and GT Performance, with 215 hp and 300 Nm torque, reach 100 km/h in 6.4 seconds. Less potent versions are one second slower, with top speeds of 160-170 km/h.

Alpine A290: Renault to launch electric hatchback in Indian market

Bhavik

According to research published by the Confederation of Indian Industry (CII) on "Charging Infrastructure for <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Electric Vehicle</a>," India may require at least 1.32 million charging stations by 2030 to enable the fast adoption of electric cars (EVs). The research also stated that the national and state governments' ardent support for electric vehicles has improved consumer alternatives and knowledge, resulting in an exponential rise in EV uptake throughout 2022, demonstrating an amazing threefold increase compared to the previous year. Maintaining this trend, it is anticipated that by 2030, there would be 106 million annual sales of EVs in a "business as usual" (BAU) scenario with a 40% annual growth rate. India would need to add more than 4,000 000 charging stations yearly, totalling 1.32 million chargers by the target year, in order to guarantee the desired ratio of 1 charger for every 40 electric cars. The CII report is the second in a series of papers concentrating on the "Roadmap for Future Mobility 2030," and it was created in partnership with Edelman Global Advisory. The possibility for India and the Indian industry is enormous, according to Sondhi. He demanded favourable legislative conditions at the federal and state levels so that Indian startups, MSMEs, and major corporations could quickly roll out charging infrastructure throughout the nation. India will need to install a massive amount of charging infrastructure, which will enable economies of scale that will convert the nation into a worldwide manufacturing powerhouse for charging stations, resulting in the creation of jobs and exports. The research also emphasised the major reliance on imported materials for EV charging stations, notably level 3 DC fast chargers, including electrical and semiconductor components, totalling more than $5,800 million from April to December 2022. To encourage domestic manufacturing and lessen India's reliance on imports, the government may want to offer incentives akin to the Production Linked Incentive (PLI) programme under the Aatmanirbhar Bharat initiative, it was suggested. This would give India the chance to establish itself as an international supplier of electric vehicle supply equipment.

India would need to add more than 4,000 000 charging stations yearly, totalling 1.32 million chargers by the target year, in order to guarantee the desired ratio of 1 charger for every 40 electric cars

India demands 1.32mn charging stations

India’s EV industry demands 1.32mn charging stations by 2030: CII report

The Uttar Pradesh government launched a subsidy webpage on Wednesday, enabling customers of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">electric vehicles</a> who bought their vehicles after October 14, 2022, to apply for financial aid. The effort, according to officials, was intended to encourage electric vehicles all around the state. The action is a part of the 2022 Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, which also includes an incentive programme for purchase subsidies. Here are all the specifics on how to claim the subsidy, how much it is, and when it expires for purchasers of electric vehicles. <h2>How to apply for UP EV subsidy scheme?</h2> Applicants for the EV subsidy must submit their applications using the website upevsubsidy.in. According to representatives, when a four-stage verification procedure is successfully completed, the subsidy amount will be sent to the customer's bank account after the application is filed. The Uttar Pradesh Development Systems Corporation Ltd (UPDESCO), according to a release, has been given responsibility for the creation and upkeep of the platform.The Purchase Subsidy Promotion Scheme may be implemented in accordance with the Policy, subject to certain restrictions. Dates for the UP EV Subsidy Program's Start, End, and Expiration&nbsp;On October 14, 2022, the UP government's EV subsidy programme enters into action. The promotion will run through October 13, 2023. UP EV Subsidy Scheme: Application Process&nbsp;The authorities said that after a successful four-stage verification procedure, the subsidy amount will be sent to the customer's bank account once the electric vehicle buyer submitted the application on upevsubsidy.in. According to Rajiv Srivastava, Additional Commissioner (Transport), a four-level verification procedure will start with dealer verification and continue with registration and departmental verification once the online application has been submitted. TI (Transport Inspector) will conduct the last inspection. The information released on the web states that, when the verification procedure is complete, the banking partner would transfer the subsidy amount to the customer's bank account within three working days. Who may apply for the UP Government's EV Subsidy Programme?&nbsp; On the purchase of any single car across all vehicle classes, individual recipients (buyers) will be qualified for EV subsidies. However, aggregators or operators of fleets (buyers) will also be allowed to obtain purchase subsidies. This will allow a unit to collect subsidies for up to 10 cars across vehicle classes. <h2> </h2><h2>How much subsidy can you get?</h2> The amount of the subsidy will be 50% of the overall incentive for buyers of EVs without batteries. Currently, the subsidy can be given at any moment.&nbsp; Two-wheelers: For the first two lakh orders, the subsidy for two-wheeler electric vehicles would be Rs 5,000 per car, up to 15% of the ex-factory cost. Four-wheelers: For the first 25,000 purchases of four-wheeler electric vehicles, the subsidy will be up to 15% of the ex-factory price or Rs 1 lakh per vehicle. Electric buses: The first 400 non-government e-buses will receive a subsidy of up to 15% of the ex-factory cost, or Rs 20 lakh per vehicle. E-goods transporters: The first 1000 e-goods transporters would each receive a vehicle subsidy of Rs. 1 lakh.

On the purchase of any single EV across all vehicle classes, individual recipients (buyers) will be qualified for EV subsidies. However, aggregators or operators of fleets (buyers) will also be allowed to obtain purchase subsidies

All you need to know about UP’s EV subsidy

Get upto Rs 1 lakh incentive on your EV: All you need to know about UP’s EV subsidy

Tesla suffered a significant blow on Thursday when the Indian finance ministry said that it is not planning to waive any customs duties for the Elon Musk-owned <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">EV</a> business.&nbsp; According to Sanjay Malhotra, India's tax secretary, "Any duty waiver for Tesla is not under active consideration of the Department of Revenue, as of now."&nbsp;Following Musk's assertion that Prime Minister Narendra Modi had asked his business to make large investments in India, the finance ministry issued a response.&nbsp; Malhotra's remarks are significant because the producer of electric vehicles previously requested remission of customs duties in order to bring Tesla automobiles into India. The negotiations to create a foothold in the third-largest economy in Asia fell down, however, because India had already rejected Tesla's proposal.&nbsp;It should be remembered that India taxes electric vehicles at 100% import duty.&nbsp; One of the most valuable manufacturers in the world, Tesla, was recently in the headlines for talking to the Indian government about opening manufacturing units. According to a story in The Times of India, Tesla was looking at setting up a supply chain for electronics and <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">car</a> parts in India.&nbsp; With pricing starting at $24,400, the new facility is anticipated to have an annual manufacturing capacity of 500,000 electric vehicles. Additionally, Tesla plans to base its EVs in India before shipping them to the Indo-Pacific area. This will assist the EV manufacturer in lessening its reliance on China for its supply chain.&nbsp;

The Indian finance ministry has stated that it is not contemplating any custom duty waiver for the Elon Musk-owned firm, making the entry of Tesla into the Indian market more difficult

Tesla struggles to enter India’s EV market

Tesla struggles to enter India’s EV market as finance ministry upheld “no-duty-waiver”

In India, Delhi is one of the cities with the highest <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0);">EV</a> adoption rates. The city used 55% of the nation's total electricity at EV charging stations, according to a study by the <a href="https://cea.nic.in/?lang=en" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0);">Central Electricity Authority (CEA).</a> The CEA reported that EV charging stations (ECS) in India used 205 million units of energy during FY 2022–2023. Delhi used 113.4 million units or more than 55% of this usage. The largest energy usage at EV stations was observed in BSES Rajdhani Power Limited (BRPL) areas, hitting 47.1 million units. EV charging stations in the service regions of Tata Power Delhi Distribution Limited (TPDDL) and BSES Yamuna Power Limited (BYPL) saw usage of 40 million units and 26 million units, respectively.&nbsp; Many parts of the city are getting the electricity provided by the three discoms i.e electricity distribution companies. A senior of discom official stated that the figures show how eager Delhi is to lead India's EV transition and how important the discoms are. He further said that they are laying the groundwork for a sustainable future by actively participating in the development and promotion of EV infrastructure. The updated data also reflects the contribution of&nbsp;EV passenger services. The NCR-based biggest EV ride-hailing company- Blu Smart Mobility has uplifted EVs' extensive use on Delhi roads. The company provides electric energized passenger service via its 3200 EVs which are reported to get charged twice a day. Following the high adoption rate, the Delhi government's goal is to guarantee that 25% of all new car registrations in the city be electric vehicles by 2024, while the Government of India aspires for a 30% EV penetration by 2030. Over 1,20,000 EVs have been registered in Delhi since August 2020. There are 256 battery switching stations, 1,550 private charging stations, and 2,794 public charging stations in the city.

 EV charging stations (ECS) in India used 205 million units of energy during FY 2022–2023. Delhi used 113.4 million units or more than 55% of this usage

Delhi used 55% of the nation's total electricity according to Central Electricity Authority 

Delhi E-vehicles consume 55% of the nation's ECS electricity: Reports

Targeting owners of <a href="http://evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicles</a> (EVs), the private insurer <a href="https://www.acko.com/?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=1st_Party_Brand_Exact_Web_S&amp;utm_adgroup=Acko&amp;utm_term=acko&amp;utm_network=g&amp;utm_matchtype=e&amp;utm_device=c&amp;utm_placement=&amp;utm_content=539592290108&amp;utm_Adposition=&amp;utm_location=9061702&amp;utm_Sitelink=&amp;utm_Audience=kwd-393194685563&amp;utm_Promotion=&amp;utm_Price=&amp;gclid=CjwKCAjw3POhBhBQEiwAqTCuBl0_KWcxA2thgJiFPto1jsUplaWm8EZthDkVwv5hZNnL8wYXvv8QSBoC1BQQAvD_BwE" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">ACKO General Insurance </a>introduced its "Extended Battery Warranty" plan on Monday. The policy allows banks to extend loan terms and decrease monthly payments to increase the affordability of EVs. The increasing adoption of EVs across the country would be aided by this, according to Animesh Das, VP of Motor Underwriting at ACKO. The first-ever policy on battery insurance ensures performance coverage for up to 60,000 km and protects battery life for up to four or five years. According to a press statement from ACKO, the comprehensive plan also protects EV parts in addition to the battery and is transferable to a new owner in the event of a sale, increasing resale value. The insurance programme, which was created in partnership with <a href="https://olaelectric.com/experience-centres/book-appointment?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=delhi_search_ads&amp;gclid=CjwKCAjw3POhBhBQEiwAqTCuBphqEF8QVrPn5oDauxp783gXeGemGO_11noOjbiSyF0ayjx4_OL_9xoCzoIQAvD_BwE" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ola Electric</a> and <a href="https://www.atherenergy.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Ather Energy</a>, is a component of ACKO's larger ambition to build an EV infrastructure by working with OEMs and offering clients complete insurance packages. "The Indian journey of the EV is a tale of relentless expansion, which has fueled consumer desire for tailored protection solutions”. 79% of the respondents to our research report indicated a need for these solutions, according to Das. The report also highlighted the desire of 67% of EV owners to get an insurance policy to go along with their vehicles. According to ACKO, "This will alleviate the current annoyances and result in a radical disruption in the rapidly developing EV industry." According to a statement from the insurer, ACKO intends to keep upsetting the EV market by launching cutting-edge solutions and investigating joint ventures with a number of other OEMs to provide comprehensive coverage for EVs. With EV sales surpassing 10 lakh units in FY23, India's EV industry is booming thanks to strong demand. In FY23, <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">two-wheelers </a>accounted for the majority of EV sales. The Society of Manufacturers of Electric Vehicles (SMEV) claims that manufacturing has slowed as a result of FAME-II subsidy disbursement delays. The subsidy supports the production of 10 lakh electric <a href="https://evindia.online/bike" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">two-wheelers,</a> 5 lakh <a href="https://evindia.online/vehicles?type=4" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric three-wheelers</a>, 55,000 <a href="https://evindia.online/vehicles?type=3" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric four-wheelers</a>, and 7,000 buses by allowing on-road pricing to be reduced by about 35%. Under Fame-II, an additional 10,000 crore has been set out for EV charging stations. At least 64 EV manufacturers had signed up to earn subsidies as of October 2022.

The first-ever policy on battery insurance ensures performance coverage for up to 60,000 km and protects battery life for up to four or five years.

ACKO General Insurance launches this move to increase EV's affordability

The policy allows banks to extend loan terms and decrease monthly payments to increase the affordability of EVs.

ACKO announces insurance for EV batteries 

Ola Electric had significant triple-digit growth in its annual revenue. The business sold 53,320 units this month, a tremendous growth of 148.75 per cent over the 21,435 units sold in March 2023.  | EV Marketplace

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Two scooters at price of one: Ola reduces price of S1X electric scooter

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