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In the Indian automotive sector, the electric vehicle segment seems to be the happening one with traditional EV makers and newer ones jumping in with great vigour. So much so, the Chennai-based conglomerate Murugappa group that had launched and closed production and sales of electric two-wheelers several years back -- through BSA Motors -- has re-entered the EV segment. The group's flagship company Tube Investments of India Ltd through its subsidiary TI Clean Mobility has announced ...
EV sector's 2.0 transition sees slew of upgrades, but subsidy dependence stays
As the electric vehicle (EV) four-wheeler segment gets charged up with some fresh offerings in the New Year, Hyundai Motor India Ltd (HMIL) said they are aiming to bring a "pump-to-plug" revolution in the country, showcasing its global technology and product strength, and will launch a complete range of innovative EV in the market by 2028. The automaker has announced an investment of Rs 4,000 crore towards developing six electric vehicles in India by 2028. "Hyundai ...
Hyundai Motor India gears up to lead 'pump-to-plug' revolution
EV market leader Hero Electric is super excited at the government's push towards EV adoption, but needs to fire-fight every day to neutralise the forces that come with hidden agenda to derail the EV adoption, according to its CEO Sohinder Gill. Gill told IANS that the intent of the government is clear and very positive on EV penetration, and the company is hell-bent to help the Centre achieve its target. "However, issues that hinder the pace of growth do crop up during th...
Firefighting daily to stop EV adoption being derailed: Hero Electric CEO
The EV makers on Friday welcomed the amended battery safety norms notified by the government, as consumers' fear grows over battery explosions and fire incidents, especially in the EV two-wheelers. The newly-issued guidelines by the Ministry of Road Transport and Highway include amendments to safety requirements related to battery cells, on-board charger, design of battery pack, and thermal propagation due to internal cell short-circuit leading to fire. The draft notification ...
EV makers hail Centre's battery safety norms to allay consumers' fears
Below is Reaction Quote on GST cut on battery pack to 5% By Dr. Akshay Singhal CEO & Co-founder, Log9 Materials "The government's initiative to offer a favorable GST slab for EVs sold without batteries is a welcome move, as it makes new BAAS (Battery as a service) models such as Battery on Lease, Battery Swapping, etc. more viable, hence making EVs more affordable for customers" Above views are of the author and not of the website kindly read disclaimer
Reaction Quote : GST cut on battery pack to 5% By Dr. Akshay Singhal, Log9 Materials
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