Phased Manufacturing Programme to promote indigenous manufacturing of EVs: Minister
New Delhi/IBNS: The Centre has notified a Phased Manufacturing Programme (PMP) to promote indigenous manufacturing of Electric Vehicles, its assemblies / sub-assemblies and parts / sub-parts / inputs of the sub-assemblies, Ministry of Heavy Industries said.
Over 900K EVs on road in India: Centre
New Delhi/IBNS: There are 966,363 electric vehicles on road across the country, Minister of State for Heavy Industries informed parliament on Friday.
Niti Aayog led study bats for priority sector lending tag to electric vehicles
New Delhi/UNI: The NITI Aayog along with Rocky Mountain Institute has sought priority sector lending status for electric two-wheelers, three-wheelers and commercial vehicles in the Reserve Bank of India’s (RBI) priority-sector lending guidelines which can help unlock EV financing market of Rs 40,000 crore by 2025 and achieve COP26 targets.
Reliance, Hyundai, M&M among 10 in fray for PLI in ACC scheme
New Delhi/UNI: In a strong signal of private sector interest in the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage, Reliance New Energy Solar, Hyundai Global Motors Company and Mahindra & Mahindra are among the 10 companies which have bid for 130 Gwh of manufacturing capacity which the Government proposes to award.
Govt issues revised guidelines to set up public EV charging stations
New Delhi/IBNS: In an attempt to create a support network for Electronic Vehicles (EVs), the Centre has allowed government entities to provide land to private agencies to set up public charging stations through bidding starting with a floor price of Rs 1 per unit.
Reliance, Mahindra, Hyundai submit bids for battery scheme: Report
New Delhi/IBNS: Reliance Industries, Mahindra & Mahindra and South Korean automaker Hyundai have submitted bids for the $2.4 billion battery scheme, Reuters reported.
TVS Motor partners with Swiggy to expand EV role in food delivery
New Delhi/UNI: Two & 3Wheeler manufacturer TVS Motor Company has announced a partnership with food and on-demand delivery player Swiggy to enable the adoption of electric vehicles in its delivery fleet and increase the share of EVs in food delivery and on-demand delivery services.
Mercedes Benz to assemble its EQS electric luxury sedan in India: Report
German auto major Mercedes Benz is planning to launch a unit for local assembly of its EQS electric sedan in India in a move to electrify its portfolio in Asia, media reports said.
Indian-origin Ashok Elluswamy was the first to be employed for Tesla's auto pilot team: Musk
Indian origin engineer Ashok Elluswamy was the first employee to be hired for Elon Musk's electric vehicle company Tesla's Autopilot team.
TVS, BMW likely to ink deal for EV development and production: Report
Chennai: Indian automobile major TVS is likely to collaborate with BMW for joint development, manufacturing, and exports of electric vehicles from India, ET reported.
Indian Oil to install EV charging facilities at 10,000 fuel stations
New Delhi/UNI: To promote greener energy solutions in line with sustainable energy commitments, Indian Oil will install charging facilities for electric vehicles at 10,000 fuel stations over the next three years, the company announced here on Wednesday.
West Bengal to increase solar generation capacity to 300 MW within a year, says state power minister
Kolkata/IBNS: The West Bengal government is making serious efforts in adopting clean energy, as a part of which the solar generation capacity of the state has increased to 30 Megawatt and in the course of next one year it will increase to 300 Megawatt, said state power minister Sobhandeb Chattopadhyay on Thursday.
Comprehensive action plan needed to drive EV uptake: ASSOCHAM-Nomura Research paper
New Delhi, Feb 16 (IBNS): Conducive policy environment for market creation, technology development and setting up of a vibrant manufacturing ecosystem for electric vehicles can drive electric mobility in India, noted a recent ASSOCHAM-Nomura Research Institute (NRI) joint study.