ELECTRIC VEHICLES
Jaguar unveils electric concept car days after Elon Musk trolled its 'woke' ad
Jaguar revealed its electric Type 00 concept car during Miami Art Week. The Type 00 symbolizes zero emissions and a new generation for the company. Jaguar also announced a four-door GT car to be released in late 2025. The new design approach, called Exuberant Modernism, includes unique features like 23-inch wheels and distinct lighting.
Drive mode! New models rev up EV sales again in November
Electric car sales in India surged by 18% in November, driven by new model launches such as Tata Motors Curvv EV, Kia's EV9, and Mahindra & Mahindra BE 6e and XEV 9e. Tata Motors led the sales with 4,191 units, while JSW MG Motor India saw a significant rise with 3,126 units sold.
Three EV makers raided for Rs 297 cr subsidy 'fraud'
The SFIO has searched Hero Electric, Benling India, and Okinawa Autotech for allegedly availing ?297 crore in subsidies under the FAME II scheme fraudulently. The investigation revealed non-compliance with PMP guidelines. These companies are accused of importing restricted parts from China and falsely claiming subsidies meant to promote local manufacturing.
Ola Electric to expand network to 4,000 stores by December to boost business growth
Ola Electric, India's leading EV company, is set to expand its distribution network to 4,000 stores by December 2024, aiming to cover all pin codes in the country. This initiative includes launching over 3,200 new outlets with co-located service facilities, enhancing after-sales support and accelerating EV adoption across India.
JSW set to launch its own EV brand to 'Make in India'
Months after forming a $1.5 billion joint venture with China's SAIC Motor for electric vehicles, JSW Group plans to launch its own EV brand. JSW Chairperson Sajjan Jindal emphasized producing and selling in India. A new EV plant in Aurangabad will create 5,200 jobs. This move positions JSW against major competitors like Tata Motors and Mahindra.
RE or EV can't solve climate change: Author Amitav Ghosh says Bangladesh like solutions needed
Amitav Ghosh disputes the effectiveness of common climate change solutions such as renewable energy and electric cars, emphasizing the need for community-based strategies and local knowledge. Highlighting Bangladesh's adaptation methods, he contends that real solutions are local, and criticizes the environmental impact of militarization, which often goes under-researched.
M&M to sell EVs through existing sales network to offer all choices under one roof
Mahindra & Mahindra plans to use its existing sales network to sell its new electric vehicle (EV) range, including the BE 6e and XEV 9e models, aiming to provide customers with the option to choose between internal combustion engine (ICE) vehicles and EVs under one roof. This approach contrasts with competitors like Tata Motors, which has set up separate sales channels for EVs.
India to expand EV manufacturing incentives after Tesla disappointment, source says
India is planning to extend electric vehicle incentives to automakers using existing factories, encouraging investment from companies like Toyota and Hyundai. The EV policy, which will be finalized by March, requires a $500 million investment with locally sourced components, offering significant import tax reductions.
Delhi government extends electric vehicle incentives until March 2025 amid poor air quality
The Delhi government extends its EV policy incentives, including subsidies and road tax exemptions, until March 31, 2025, to tackle poor air quality. Purchases from January 1, 2024, onward will benefit, reversing the halted incentives from earlier. The move aims to boost Delhi's significant EV market amid challenges like high prices and limited charging infrastructure.
Delhi's EV policy extended till March 2025
Delhi's EV policy received an extension until March 2025. Electric vehicle purchases from January 1, 2024, will continue to benefit from subsidies and road tax exemptions. Delhi is one of the largest EV markets in the country, accounting for about a tenth of total domestic sales.
M&M targets 'lifestyle buyers' for EV growth
The Mumbai-based automaker on Tuesday made its first full-fledged foray into India's nascent EV market with the introduction of two pure electric models. These are the first two "born electric" models based on the company's latest INGLO vehicle architecture. M&M plans to launch three to five more models based on the same vehicle architecture over the next few years.
Mahindra to pump Rs 4,500 cr for development of two new electric brands
Mahindra & Mahindra is investing Rs 4,500 crore to develop two new electric SUV brands, BE 6e and XEV 9e. Production capacity at their Chakan plant is set for 90,000 units annually, scalable to 1.2 lakh. Deliveries are slated to begin by early 2025, with entry-level prices starting at Rs 18.9 lakh and Rs 21.9 lakh respectively.
Mahindra unveils BE 6e and XEV 9e, ushering in the 'born electric' era
Mahindra & Mahindra unveiled its Born Electric range, featuring the BE 6e and XEV 9e electric SUVs. Built on the INGLO platform, these SUVs offer distinct designs, premium interiors, and advanced features. Powered by high-capacity batteries, they boast a range of 450-500 km and support fast charging. Deliveries are expected to commence by the end of the financial year.
Switch Mobility partners Vertelo to deploy 1,000 eCVs over 3-5 years
Switch Mobility Automotive Ltd. and Vertelo have partnered to deploy 1,000 electric buses and light commercial vehicles in India over the next 3-5 years. Vertelo will lease and fund the vehicles, enabling businesses and municipalities to adopt sustainable transportation solutions without large upfront costs.
Komaki launches MG PRO lithium series starting from Rs. 59,999
Komaki launched the MG PRO Lithium electric scooter series in India, priced at Rs. 59,999. Designed for families, it boasts a 150 km range with a 2.2 kW or 2.7 kW LiFePO4 battery, auto-repair features, and a comprehensive warranty. This high-speed scooter reinforces Komaki's commitment to affordable and sustainable electric mobility under its 'Har Ghar Komaki' campaign.
Auto industry's shift toward EVs is expected to go on despite Trump threat to kill tax credits
Trump plans to scrap EV tax credits. Automakers remain committed to electric vehicles. Companies have invested billions in EV technology. Trump claims EV credits benefit China. The credits may be difficult to remove. Automakers believe the transition to EVs is vital.
Hero MotoCorp US partner in advanced stage of developing mid-sized electric bike
Hero MotoCorp, in partnership with Zero Motorcycles, is nearing completion of a mid-sized performance electric motorcycle. The company is also expanding its electric scooter lineup and is optimistic about its electric products' compliance with the PLI scheme by FY26. Additionally, Hero MotoCorp is experiencing positive traction in its overseas business, particularly in markets like Colombia and Mexico.
JSW MG's EV Windsor tops sales charts to beat Tata and Mahindra
The JSW MG Windsor was the highest-selling electric vehicle in India in October 2024. It sold 3,116 units. The Windsor uses a battery subscription model. This makes it more affordable for buyers. Buyers pay monthly installments for the battery based on usage. Half of Windsor sales were outside of major cities.
VinFast in talks with Adani Group, Megha Engineering for electric car venture
Vietnamese EV maker VinFast is considering Indian companies MEIL and Adani Group as potential partners for its electric car venture in India. VinFast is looking for a local partner to help navigate the Indian market and establish a supply chain. While discussions are ongoing, no final decisions have been made.
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