The goal of this partnership is to provide Zapp market entry in India by utilising Bounce's production expertise and market presence. Based on Zapp's specifications, Bounce is expected to handle the contract manufacture of Zapp's EVs

Zapp Electric joins hands with Bounce Infinity to manufacture i300 electric 2W

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The British electric vehicle manufacturer Zapp Electric Vehicles Group and Bounce Infinity, on Friday, announced a business partnership to improve Zapp's i300 electric two-wheeler assembly and distribution in India. The goal of this partnership is to provide Zapp market entry in India by utilising Bounce's production expertise and market presence. Based on Zapp's specifications, Bounce Infinity is expected to handle the contract manufacture of Zapp's electric vehicles "Bounce's manufacturing expertise and market presence in India is expected to accelerate Zapp's commercial rollout in key urban areas in the country," stated Swin Chatsuwan, Founder and CEO of Zapp EV. He further stated, “India is currently one of the world's biggest markets for two-wheeler sales, and by 2030, it's expected that 45% of vehicles sold there will be electric. We believe that the i300's design features make it a great option for personal mobility in light of India's increasing affluence and urbanisation.". Moreover, Bounce Infinity will help Zapp EV get the licences required to homologate its goods for sale in India. It is anticipated that the entire procedure will be finished within 120 days after the memorandum of understanding's effective date. Both businesses will also look at the potential of a distribution alliance to increase Zapp's product availability throughout India. "By combining our manufacturing strengths with Zapp's innovative product lineup, we aim to make India a two-wheeler manufacturing hub for the entire world," stated Vivekananda Hallekare, CEO and co-founder of Bounce Infinity. Since the detachable and portable battery packs of Zapp's i300 may be charged from any regular power socket, the product's commercial release does not require a specific infrastructure for charging.&nbsp;

Zapp Electric joins hands with Bounce 

Prashant

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 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

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

The upgraded Mahindra XUV400 will have two new variations, called EC Pro and EL Pro, a host of new amenities, and a redesigned interior, according to recently released papers. These new models will probably go up against the top-spec models of the redesigned Tata Nexon EV, which has also been the best-selling SUV in the nation. There are now EC and EL versions of the XUV400 available. The new XUV400 EC Pro edition will come equipped with keyless entry, push start/stop button, rear air conditioning vents, OCPI (Open Charge Point Interface) hub integration, and two USB charging ports. The updated XUV400 is anticipated to adopt the AdrenoX dual-screen setup from the XUV700. On the other hand, the EL Pro variant will have a 10.25-inch touchscreen infotainment system, wireless Apple CarPlay and Android Auto, a 10.25-inch all-digital instrument cluster, auto-dimming IRVM, cruise control, an integrated Amazon Alexa assistant, six airbags, a wireless charging pad, OTA updates, and fog lights. Along with a redesigned steering wheel, the top-spec vehicle will also include a dual-tone interior. The music system of the vehicle is reported to be equipped with 4 speakers and 2 tweeters which is expected to complement the interior’s revamped dashboard layout. Additionally, the electric SUV also features a dual-zone temperature control system, and an AdrenoX charge connect feature. It is probably going to have a new exterior style that is akin to the XUV300 makeover. While the EL Pro is available with a 39.4kWh unit, the EC Pro will be powered by a 34.5kWh unit. The 34.5kWh battery pack states that it has a 250km practical range. However, the bigger 39.4kWh unit states that it has a real-world range of 290 km. With 150 PS produced by the electric engine, the electric SUV can reach 0-100 kmph in just 8.3 seconds. It is anticipated that the forthcoming UV400 facelift will fetch a premium of between Rs 30,000-60,000 in comparison to the currently available model, which is priced between Rs 15.99 lakh and Rs 19.19 lakh (both ex-showroom).

While the EL Pro is available with a 39.4kWh unit battery , the EC Pro will be powered by a 34.5kWh unit battery with 250 km and 290 km of range respectively.

Mahindra XUV 400 introduces  more features

While the EL Pro is available with a 39.4kWh unit, the EC Pro will be powered by a 34.5kWh unit with 250 km and 290 km of range respectively.

Mahindra XUV 400 gets tech makeover, introduces new design and more features

<a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">Two-wheeler</a> manufacturer TVS, located in Chennai, saw a surge of 52.8% in the first quarter, translating to an annual growth rate of 15.5% as compared to 13.4 million units in the previous fiscal, stated Dieter Speth, Chairman, TVS Motors, during the 31st Annual General Meeting. He underlined the expanding<a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);"> EV</a> two-wheeler market further and declared that TVS will be increasing its investment in the sector. Additionally, he guarantees that the company will develop appealing top items in each area for its clients.&nbsp; "The EV-two-wheeler sector had significant growth last year. Sales totalled 0.71 million (7.18 lakh units), which is an increase of over two times over FY22. The enticing "Total Cost of Ownership," digital-first technological propositions, the FAME II and PLI assistance from the federal government, paired with state-specific support that what EVs provide are driving the increased consumer interest, according to him. "If customers think about paying more for fuel Prices make EVs even more appealing. As Electric transportation is gaining popularity in India and other nations will be prompted by interruptions and changes in the structure of the automobile sector. You can go through It all over the place," he continued. The company's most recent electric two-wheeler, the <a href="https://evindia.online/product/tvs-iqube" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">TVS iQube</a>, which was unveiled in January 2020, has attracted a lot of interest for the name. The scooter is one of the segment's most stylish, cost-effective, and practical alternatives. "iQube is the market's top-performing product. Customers are drawn in by the appealing mix of high energy efficiency, cutting-edge technology, beautiful design, and the well-known TVS quality and dependability, he added.

The company's most recent electric two-wheeler, the TVS iQube, which was unveiled in January 2020, has attracted a lot of interest for the name. The scooter is one of the segment's most stylish, cost-effective, and practical alternatives.

TVS plans to increase investment in EV industry

TVS plans to increase investment in EV industry, more products soon to be launch

Exponent Energy, an energy-tech business with headquarters in Bengaluru, claims to have worked with TUV India, the country's branch of the German TUV NORD Group, to finish extensive testing of its electric vehicle batteries. Even after 3,000 cycles of 15-minute rapid charging of Exponent's proprietary battery pack, the e^pack, the testing results, according to Exponent, showed just 13 per cent battery deterioration. Exponent is renowned for creating batteries that can be fully charged in under 15 minutes from empty. Li-ion batteries from the product were put through a strenuous series of 3,000 cycles of 15-minute rapid charging, which is equivalent to 1 full charge and discharge every cycle. The Exponent Energy product only showed a 13 per cent battery degeneration after such a rigorous charging routine. The battery's performance is greatly above the industry's standard expectations, which aim for a maximum 30 per cent deterioration after just 1,500 cycles of sluggish charging.Recently, Exponent Energy made news by partnering with Alt Mobility, a platform for business fleet leasing and lifecycle management, to lease 1,000 Exponent-powered Altigreen neEV Tez <a href="https://evindia.online/vehicles?type=4" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 0, 0); background-color: transparent;">electric 3-wheelers</a>. Through the collaboration with Alt Mobility, Exponent Energy also obtained 5-year financing alternatives with EMIs that were 30% cheaper. With this financing arrangement, Exponent Energy hoped to increase market appeal by making its cutting-edge product more accessible to both enterprises and individuals.

 Li-ion batteries were put through a series of 3,000 cycles of 15-minute rapid charging, which is equivalent to 1 full charge and discharge every cycle and the product only showed a 13 % battery degeneration after such a rigorous charging routine.

 Exponent Energy battery only shows 13% degradation

Only 13% degradation in battery after rapidly charging 3000 times: Exponent Energy

In order to provide its clients with appealing financing choices, <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>, one of India's top <a href="https://evindia.online/scooter" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric two-wheeler</a> companies, has teamed with Shriram City Union Finance. According to the <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">electric vehicle</a> manufacturer, by working with Shriram City Union Finance, it would be able to provide loan rates as low as 8.99% for a term of 48 months, with approvals being assured in a matter of minutes. With around 2,800 outlets spread throughout urban and rural areas, Shriram City Union Finance is one of India's top NBFCs and among the biggest funders of two-wheelers in the nation. "As we extend our retail presence beyond Tier I cities, we are focused on providing simple and available financing solutions to everyone," stated Ankush Aggarwal, Chief Business Officer of Ola. With the help of Shriram City Union, we hope to remove financial obstacles and give clients access to electric transportation. We have faith that it will hasten the adoption of EVs throughout the nation. Before completing their purchase using the Ola app, potential Ola customers may visit their local Experience Centre for thorough information on financing alternatives and make use of these financing options both online and offline. Also, Ola is on target to open its 1,000th Experience Centre in August and now has a retail network of over 850 centres. Modern technology and performance are combined with a clean and simple design to create the S1 series, which consists of the S1 Pro, S1, and S1 Air. With roughly 40% of the market for electric two-wheelers, Ola is also the market share leader.

Users can fund their EV with loan rates as low as 8.99% for a term of 48 months, with approvals being assured in a matter of minutes

Ola partners with Shriram Finance

Ola Electric join hands with Shriram Finance for EV financing

<a href="www.citroen.in" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">Citroen</a> recently launched reservations for the My Ami Buggy <a href="www.evindia.online" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(0, 0, 0);">EV</a> in a few locations, and the ferocious demand caused all of the units made available to be snapped up in a flash. But this is far from the first occasion that this has happened. In the past, the maker sold the model in France, Belgium, and Spain, and each time, all of the units that were on hand were almost immediately snapped up. At the moment, buyers may acquire the Citroen My Ami Buggy in nations including France, Italy, Spain, Belgium, Portugal, the UK, Luxembourg, and Greece. The EV will also travel to Turkey and Morocco for new manufacture. But just a few hundred units are released from each batch of production. Even if the numbers are restricted, the response each time a purchase window is opened is very astounding. But a deeper examination of the My Ami Buggy could indicate the causes. The cost of the My Ami Buggy ranges from 7,790 euros to 10,450 euros (or around 7 lakhs to 9.30 lakhs). The price range alone makes it a very profitable choice. But there are lots to choose from in addition to prices. An ultra-compact car with a left-hand drive option makes this micro EV more amazing. It features a 75 km range on a single charge and a 5.4 kWh battery pack. Additionally, it has a rather low peak speed of 45 kmph. These figures might not seem all that amazing but keep in mind that the vehicle was positioned for large cities where many people depend on speedy transportation. As a result, EVs are not allowed on highways or motorways. At present, there is no indication that Citroen India is considering the model for our shores. This is despite the fact that micro and small EVs like MG Comet and Tiago EVs have been launched here.

 An ultra-compact car with a left-hand drive option makes this micro EV more amazing

The cost of the My Ami Buggy ranges from around 7 lakhs to 9.30 lakhs

The cost of the My Ami Buggy ranges from  around 7 lakhs to 9.30 lakhs

 My Ami Buggy by Citroen got sold out in 10 hours

Greaves Finance Ltd., the non-banking financial company (NBFC) subsidiary of Greaves Cotton Ltd., has recently introduced "evfin," an innovative financial platform aimed at transforming the landscape of <a href="https://evindia.online/" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicle</a> (EV) financing and beyond. This move comes at a vital time when the EV business is ready to play a crucial part in the progress to efficient green energy. The domestic EV market is projected to grow at a compound annual growth rate (CAGR) of 49% between 2022 and 2030, as stated in the Economic Survey 2023. According to the survey, India's annual sales of electric vehicles will reach a staggering one crore units by 2030. It is essential to address the entire lifecycle of EV use by consumers in order to accelerate the adoption of electric vehicles and facilitate the transition to sustainable mobility. Recognizing this need, "evfin" has been designed to offer a range of innovative experiences, ensuring an enhanced EV journey throughout the ownership lifecycle by providing accessible and cost-effective financing options. Nagesh Basavanahalli, Vice Chairman of Greaves Cotton Ltd., expressed his enthusiasm for the launch of "evfin" and emphasized the company's commitment to creating a comprehensive ecosystem for diverse last-mile mobility. By introducing this sustainable financing platform on World Environment Day, Greaves Cotton Ltd. is reinforcing its dedication to sustainability and supporting the global efforts towards a greener future. Sandeep Divakaran, ED &amp; CEO of Greaves Finance Ltd., highlighted the significance of "evfin" as India's first consumer finance technology platform fully dedicated to electric mobility and sustainable solutions. With the integration of advanced digital lending capabilities, innovative asset management technology, and a nationwide reach, "evfin" aims to provide an exceptional and tailor-made experience for EV customers. The primary goal is to democratize access to electric vehicles by offering the most cost-effective financing options available in the market. By providing an end-to-end lifecycle experience for EV owners, "evfin" ensures a unique and seamless ownership journey throughout their usage of electric vehicles. <h2>What do we think?</h2> As the demand for electric vehicles continues to rise and the government focuses on promoting clean energy solutions, initiatives like "evfin" play a vital role in supporting the transition to a greener and more sustainable future. Greaves Finance Ltd. is poised to make a significant contribution to this transformative journey by empowering individuals and businesses to embrace electric mobility through their innovative financing platform, "evfin." It is anticipated that the introduction of "evfin" will have a profound effect on the market for <a href="https://evindia.online/company/ampere" rel="noopener noreferrer" target="_blank" style="color: rgb(17, 85, 204); background-color: transparent;">electric vehicles</a> (EVs), making electric vehicles more affordable and accessible to a wider range of customers. The sudden hike in EV two wheeler prices due to the introduction of FAME II this year, is also an issue to be addressed by this innovation. By funding difficulties related with electric versatility, Greaves Money Ltd. is adding to the development and advancement of the sustainable transportation ecological system in India. Other companies should take inspiration from this breakthrough and innovate their own NBFC products that can help consumers to afford an EV with ease. By this way, the EV adoption in India will certainly get a boost.

Greaves Finance Ltd., the non-banking financial company (NBFC) subsidiary of Greaves Cotton Ltd., has recently introduced "evfin," an innovative financial platform aimed at transforming the landscape of electric vehicle (EV) financing and beyond. 

Greaves Finances Ltd. Launches Evfin: A New Breakthrough towards EV Adoption

Greaves Finances Ltd. Launches Evfin

Somsubhra Chowdhury

<a href="https://mahindraelectricautomobile.com/" rel="noopener noreferrer" target="_blank">Mahindra</a> unveiled its new generation of electric vehicles globally on August 15 in Oxfordshire, UK. Just before its debut, <a href="https://www.youtube.com/watch?v=o-ilG3jfN8Q" rel="noopener noreferrer" target="_blank">Mahindra released a teaser </a>revealing much further information regarding its electric cars. <a href="https://www.youtube.com/watch?v=quOHHVVYWlo" rel="noopener noreferrer" target="_blank">The company showcased five new concepts for its electric car rang</a>e. These electric SUVs will be a part of Mahindra's Born Electric Vision (BEV) program, under which the company aims to unveil five new all-electric SUVs for the global market. The Mahindra company claims these electric SUVs will provide multi-sensory experiences to the occupants. The BEV SUVs will have advanced connectivity features, allowing the occupants to control the climate settings, seat adjustment, music preferences, and ambient lighting.&nbsp; Mahindra has not yet released any more information, but the concept of SUVs and Coupe SUVs amazed everyone. Among the concepts were a couple of sporty compact SUVs, a coupe, a proper mid-size SUV, and one with a fastback-like design. The company announced that they want to release a strong five electric SUV lineup by 2027, including four born electric vehicles, one of which will mainly preview the upcoming eXUV400, which is most likely making a debut in September 2022. Mahindra has released only this much information. As soon as new information comes out, we will bring it to you, so stay tuned.&nbsp;

Electric SUVs from Mahindra to soon be launched in India, get all the details only on EVIndia

Mahindra's Latest Electric Vehicle and SUV News

Mahindra's Born Electric campaign showcases 5 new vehicles to be launched in India. The new INGLO platform manufactured in association with the Volkswagen group.

Details Of The Born Electric EV Lineup Of Mahindra

Anush Yadav

The goal of this partnership is to provide Zapp market entry in India by utilising Bounce's production expertise and market presence. Based on Zapp's specifications, Bounce is expected to handle the contract manufacture of Zapp's EVs  | EV Marketplace

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Zapp Electric joins hands with Bounce Infinity to manufacture i300 electric 2W

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