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Despite policy push, EV penetration to remain under 5% till 2025: ReportBy : Sustainability ..., Feb 6, 2020
Despite the aggressive policy push and drive by automakers, electric vehicle's penetration will remain under 5 per cent over the next five years in the 3-million units annual auto market, as per a report. Rating agency Icra has blamed this to the higher vehicle cost due to... Read more.. |
Budget 2020 proposes hike in EV import duty to promote domestic manufacturingBy : Sustainability ..., Feb 3, 2020
The Union Budget on Saturday proposed to increase customs duty on import of electric vehicles across categories. The increase in basic customs duty is in the ranges of 10-40 percentage points across EV segment, and comes in the backdrop of Chinese manufacturers dumping low-... Read more.. |
Mahindra Electric Mobility plans a global journey, unveils a new brandBy : Sustainability ..., Jan 31, 2020
Mahindra Electric Mobility Ltd, a part of the $20.7 billion Mahindra Group, is planning to go global and export its indigenously developed EV technology products and solution to overseas markets such as Europe and South Korea. Mahindra Electric CEO Mahesh Babu said the... Read more.. Subject Tags: electric mobility market , electric three-wheeler , electric vehicle (EV) , Mahindra Electric |
Hyundai expects to roll out mass market electric vehicle in 3 yearsBy : Sustainability ..., Jan 31, 2020
Hyundai Motor India (HMIL) is expected to roll out a mass market electric vehicle product in two to three years. The company expects the second half of the year to show improvement in domestic market and while there are concerns about the comparitively higher price for the BS... Read more.. |
EVs will be cheaper than combustion vehicles in 3 years: Amitabh KantBy : Sustainability ..., Jan 31, 2020
Electric vehicles will become cheaper than combustion vehicles in three years as the price of battery packs of EVs is expected to fall by almost 51 per cent per unit, NITI Aayog CEO Amitabh Kant said on Thursday. Kant was speaking at the Mobility Talk Corporate Conclave at... Read more.. |
Back on EV trail, Hero MotoCorp set to launch DuetBy : Sustainability ..., Jan 30, 2020
Close on the heels of launches by Bajaj Auto and TVS Motor Company, India’s largest two-wheeler maker Hero MotoCorp is getting ready to launch its first electric scooter Duet E. The maker of Splendor and Passion could be launching the battery powered scooter in the next few... Read more.. Subject Tags: electric mobility , electric scooters , electric vehicle (EV) , EV markets , Hero MotorCorp |
Connected cars will profoundly change the way people liveBy : Sustainability ..., Jan 28, 2020
There’s a big shift going to take place in automotive industry. Connected car, the new buzz word in the automotive industry, is set to become a common phenomenon in the Indian market in the near future with rapid adoption of electric vehicles, according to a Deloitte report.... Read more.. |
EESL gets first electric vehicle from MG Motor to be used by govt officialsBy : Sustainability ..., Jan 28, 2020
State-owned Energy Efficiency Services Ltd (EESL) on Monday got delivery of the first ZS EV of MG Motor India. EESL placed the order for 5 MG ZS EVs that will be used by government officials to further the cause of electric vehicles (EVs) as part of its National E-Mobility... Read more.. |
Eyeing leadership position in electric vehicle segment, says Tata MotorsBy : Sustainability ..., Jan 27, 2020
Tata Motors aims to establish itself as the leader in the electric vehicle (EV) market in the country as it looks to roll out new products for both private and fleet segments, a senior company official said. The company, which sells its Tigor EV primarily to fleet customers,... Read more.. |
MG Motors targets expansion to 3-lakh units with fresh investment for IndiaBy : Sustainability ..., Jan 24, 2020
Buoyed by the massive response to its first product Hector SUV and massive pre-booking to its electric car ZS EV, M G Motor India expects to reach optimum utilization at Halol plant by producing one lakh units by next years, and eyeing new segments to expand its footprint in... Read more.. |