Monday, May 27

Tag: electric vehicles

MHI’s Recent Decisions Have Caused an Irretrievable Loss to India’s E2Wheeler Targets
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MHI’s Recent Decisions Have Caused an Irretrievable Loss to India’s E2Wheeler Targets

Advocacy group, Centre for Business, Industry & Trade Advocacy, [C-BITA] that has been actively working on and analysing the impact of policy on the Indian EV Ecosystem has today in a letter to Minister, MHI pointed out that two of MHI’s recent decisions might have caused an irretrievable opportunity loss to India’s E2Wheeler targets. CBITA believes that withholding subsidy amounting to Rs 1200 Crores was the first blow, while slashing the subsidy could have been the second one. In its letter to the Minister, MHI, CBITA indicated that the department is responsible for missing out on a crucial period of growth in the trajectory of EV adoption, which will be difficult to replace even with the promise of future sales. Mass transitioning from internal combustion engine (ICE) vehicles t...
Solar Energy Based EV Charging for Achieving Greener and Sustainable Mode of Transportation
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Solar Energy Based EV Charging for Achieving Greener and Sustainable Mode of Transportation

Many countries are aggressively pursuing electric vehicles (EVs) as one of the many ways of addressing climate change. The objective is to replace the more polluting internal combustion engine (ICE) with electric motor and battery–enabled vehicles that can reduce the carbon footprint associated with transportation. Technological innovations over the years, especially in battery technology, are driving the transition to EVs, though their adoption is still at a nascent stage. Major challenges include relatively high upfront costs, range anxiety, inadequate charging infrastructure, and considerable waiting time for recharging batteries. While upfront costs are expected to reduce in the coming years due to technological improvements and economies of scale, the planning of adequate charging in...
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 ...
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...