Friday, July 19

EV Industry Updates

SMEV Petitions NGT: Slashing E2W Subsidy has Disrupted India’s Transition to Clean Fuel
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SMEV Petitions NGT: Slashing E2W Subsidy has Disrupted India’s Transition to Clean Fuel

The registered association representing Indian manufacturers of electric  vehicles  SMEV (Society  of  Manufacturers of Electric Vehicles) has today petitioned the National Green Tribunal (NGT) expressing concerns that MHI’s latest decision to cut-down FAME 2 subsides is likely to disrupt India’s growth in the EV sector and consequently have a detrimental impact on the environmental and health indices of the country. The SMEV via this letter has requested for NGT’s support to a Green Tax on fuel-based two-wheelers so as to incentivize the adoption of green vehicles and contribute to the national objective of environmental preservation and pollution reduction. It is be noted that recently, the Ministry of Heavy Industries (MHI), ...
Greaves Finance launches EV Financing Platform evfin
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Greaves Finance launches EV Financing Platform evfin

Greaves Finance, a non-banking financial company (NBFC) and a wholly-owned subsidiary of Greaves Cotton has launched a financial platform christened ‘evfin’. This platform it says aims to revolutionise the world of electric vehicle financing and more. The Economic Survey 2023 highlights the pivotal role of the automotive industry in the shift towards green energy. It predicts that the domestic EV market will experience a remarkable compound annual growth rate (CAGR) of 49 percent from 2022 to 2030, with an anticipated annual sales volume of 10 million units by 2030. To expedite the transition towards electric vehicles amidst their increasing adoption, it is crucial to address the complete lifecycle journey of EV usage for consumers. evfin suite ensures a superior EV j...
Erisha E Mobility to Build 100 EV Charging Hubs in UP, to Invest $50 million
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Erisha E Mobility to Build 100 EV Charging Hubs in UP, to Invest $50 million

Erisha E Mobility and the Government of Uttar Pradesh (UP) have signed a Memorandum of Understanding (MoU) to invest $50 million (400 crores) towards the construction of 100 EV charging hubs in Gautam Buddha Nagar district, U.P state. This significant collaboration aims to hasten the uptake of electric vehicles and support environmentally friendly transport options in Uttar Pradesh. By establishing a strong network of charging hubs, the MoU has shown its dedication to a cleaner and greener future. The Government of Uttar Pradesh has made EVs a priority, and we are dedicated to creating the necessary infrastructure and ecosystem for EV adoption and promotion. According to Mr. Parminder Singh Baweja (ED of Erisha E Mobility), the installation of 100 EV charging hubs will contribute to EV...
Esmito attains AIS156 Phase 2 Certification for L3 and L5 Category Batteries
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Esmito attains AIS156 Phase 2 Certification for L3 and L5 Category Batteries

Esmito, a leading provider of energy solutions for electric vehicles (EVs), proudly announces the successful acquisition of the highly coveted AIS156 Phase 2 certification for their L3 and L5 category batteries. This achievement further solidifies Esmito's unwavering commitment to delivering high-quality, reliable, and compliant energy solutions in the EV industry. The AIS156 Phase 2 certification represents an exhaustive testing and evaluation process that ensures strict compliance with safety and performance standards, specifically focusing on automotive components, particularly batteries. This certification is a vital requirement for EV manufacturers operating within India. Esmito has successfully completed the meticulous certification process for their L3 and L5 category batteries,...
Tork Motors Expands its reach in Maharashtra, introduces new Experience Zone in Thane
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Tork Motors Expands its reach in Maharashtra, introduces new Experience Zone in Thane

India’s first electric motorcycle manufacturer, TORK Motors inaugurates its first Experience Zone in Thane. Located at Marigold bldg., opp. Nitin company, Panchpakhadi area,the 3S facility will also cater to sales and after sales requirements of the patrons in the region. This marks the company's second physical location in the state of Maharashtra, following their first company owned and operated experience center in Pune at Law College. The all new Experience Zone will display TORK Motors’ recently launched refreshed KRATOS-R motorcycle in the showroom area. It also has a separate zone to manage all the after sales requirements of the existing as well as potential clients. On the inauguration, Mr. Kapil Shelke, Founder & CEO, TORK Motors, said, "We are excited to connect with ...
Ather Energy installs 100th Ather Grid in Bengaluru making it the largest EV fast charging network in the city
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Ather Energy installs 100th Ather Grid in Bengaluru making it the largest EV fast charging network in the city

Indian electric scooter manufacturer, Ather Energy, announced the installation of its 100th Ather Grid in Bengaluru - This makes Ather Grid the largest electric vehicle fast charging network in the city.The 100th fast charging station that was part of the Ather Grid was installed at Third Wave Coffee at Banashankari. Also, with this, Ather Energy has entered into an alliance with Third Wave Coffee Roasters to establish fast charging stations at their outlets across the country. Diving into details, Ather Energy has installed more than 1300 charging stations across 85+ cities in India. Which according to Ather Energy makes Ather Grid the country's largest fast charging network for two-wheelers. It is also worth mentioning that the company's first electric vehicle charging station was...
Schaeffler India receives Rs 2,700 crore order for its electric axle for EVs
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Schaeffler India receives Rs 2,700 crore order for its electric axle for EVs

Automotive and industrial parts maker Schaeffler India, part of the Euro 16 million Germany-based Schaeffler Group, has received a Rs 2700 (Euro 300 million) order for its two-in-one electric axles as the supplier transitions to electrification from internal combustion.  The order, is the company's first system-level solution offering in the electric vehicle space, Schaeffler India said over a recent earnings call. According to Harsha Kadam, Managing Director and CEO of Schaeffler India, the electric axle order is for the electric passenger vehicle with this customer for the next seven years.  “This is the pure electric solution that we are bringing to India now. The series production will start by the middle to second half of next year. In terms of volumes, it is going...
Merck Lifescience enters into strategic contract with LP Logiscience, introduces EVs for transportation
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Merck Lifescience enters into strategic contract with LP Logiscience, introduces EVs for transportation

Merck Lifescience has recently signed a strategic contract with LP Logiscience, the warehousing and contract logistic arm of the legendary Liladhar Passo group, which launched its first Electric vehicle for distribution. As part of the contract, LP Logiscience will use the EVs for distribution of finished goods from their Rasayani factory, to Merck Lifescience customers, across Mumbai. The contract is a part of Merck and LP Logiscience’s commitment to achieve mutual sustainability goals and to move towards carbon-neutral distribution services. The Inauguration of the EV vehicle happened in the presence of Andre‘ Overmeyer, Head of Global Plant Operations, Merck Lifescience, Bhushan Patil, Head, Country Procurement – India, South East Asia, and ANZ, Merck Lifesciene, Rashmi Iyer, Head o...
REC CMD flags off first fleet of Electric vehicles; targets 100% EVs by 2024-25
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REC CMD flags off first fleet of Electric vehicles; targets 100% EVs by 2024-25

REC Chairman and Managing Director Vivek Kumar Dewangan flagged off the first fleet of electric staff vehicles in Gurugram. In a path towards a green future, REC Ltd has set a target of replacement of all conventional staff vehicles with electric vehicles by 2024-25, a company statement said. "In a transition to EV mobility, Vivek Kumar Dewangan, Chairman & Managing Director (CMD), REC Limited flagged off the first fleet of Electric Vehicles (EV) on Thursday at REC World Headquarters, Gurgaon," it stated. Dewangan also inaugurated a fast charging station, which is powered by a rooftop 1 MW (approx) solar plant and therefore, the EV fleet will run on green power, contributing to zero pollution. The inauguration of the REC Control Room was also done by Dewangan, which is...
M&M Welcomes Release of SoP for PLI Auto Scheme
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M&M Welcomes Release of SoP for PLI Auto Scheme

The Ministry of Heavy Industries (MHI), Government of India, has released the Standard Operating Procedure (SOP) for certification of Domestic Value Addition (DVA) under the PLI-Auto Scheme.  The Production Linked Incentive (PLI) scheme aims to provide financial incentives to enable scale and build a reliable as well as strong supply chain in areas of Advanced Automotive Technology (AAT) products, while generating additional employment opportunities.  M&M is the Champion OEM in the PLI-Auto Scheme and is participating through its wide range of electric 3- and 4-wheelers.  Mahindra Last Mile Mobility (LMM), a division of Mahindra & Mahindra (M&M), has ended FY’23 as the No.1* electric 3-wheeler manufacturer. .The statement released says, M&M welcomes the release of th...