ELECTRIC RICKSHAWS
Bengaluru transport officials go on snap drive, seize ‘unauthorised’ bike taxis
Bengaluru authorities seized unauthorized, app-based bike taxis after auto drivers' protests, leading to tension. The Bike Taxi Welfare Association, citing High Court orders, opposed and sought police protection against harassment.
BIS introduces new safety standards for EVs in India
Bureau of Indian Standards (BIS) introduces safety guidelines for electric vehicles in India, focusing on powertrain components. New rules, IS 18590: 2024 and IS 18606: 2024, aim to enhance safety in L, M, and N vehicle categories.
Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
Lectrix EV to invest INR 100 crore in FY25; plans multiple launches to strengthen EV market position
The company is planning to launch its new 2W model pre-Diwali and one post-Diwali. Pritesh Talwar, President - EV Business at Lectrix EV is optimistic about creating its name in the 2W market as he believes there is enough space to sustain and create a brand image for multiple companies.
Ankush Aggarwal returns to Ola Cabs; declining H-1B visas for IT staff
Happy Tuesday! Ola Cabs founder Bhavish Aggarwal’s brother Ankush is back at the ride-hailing business. More on this in today’s ETtech Morning Dispatch.
Ather eyes new round, Nikhil Kamath buys big part of Sachin Bansal’s holding
Sources told ET Ather Energy is also in the final stages of plans to raise $75-90 million (about Rs 750 crore) in primary funding from existing investors. This underscores increasing investor interest in the company and the mobility segment. The company is also approaching new investors.
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Tesla Power India, E-Ashwa Automotive to launch India’s 1st electric two-wheeler with fire safety technology
Tesla Power India Pvt. Ltd. & E-Ashwa Automotive partner to launch India's first electric 2W vehicle with a built-in fire suppressant system, aiming to enhance safety standards for EVs in the country. Abhinav Bhadola and Tesla bring expertise in electric vehicles.
Ola Cabs to exit international markets this month
Ola Cabs to exit UK, Australia, New Zealand. The firm has started sending out notifications to users and drivers about the impending closure of operations.
Govt brings new Rs 500 crore EV subsidy scheme from April 1 after FAME. Check details
India initiated the Electric Mobility Promotion Scheme 2024 to advance the adoption of electric vehicles. With a focus on boosting domestic manufacturing and enhancing the EV supply chain, the scheme aims to support 3,72,215 EVs by July 31, 2024.
No petrol, diesel vehicles in India: Gadkari vows to eliminate fuel cars
Union Minister Nitin Gadkari aims to transform India into a green economy by eliminating over 36 crore petrol and diesel vehicles. With plans to reduce GST on hybrid vehicles and promote biofuels, he envisions using fuel import savings to benefit farmers and create jobs.
Ola Electric raises $50 million in debt financing from EvolutionX Cap
Ola Electric Mobility raised Rs 410 crore from EvolutionX Debt Capital, supported by DBS and Temasek. Founder Bhavish Aggarwal is pitching the IPO to global investors, aiming for a $7-8 billion valuation.
New Rs 500 crore scheme to promote electric mobility kicks in from April 1
The Rs 500 crore EMPS 2024 scheme aims to boost electric vehicle adoption till July, supporting 3,72,215 EVs with incentives for various types of vehicles and advanced batteries, aligning with the Atmanirbhar Bharat initiative.
India's push for EVs may lead to large-scale entry of Chinese firms in domestic market: GTRI
As the EVs are getting greater focus in the country, the auto component imports from China may increase further because it has a greater hold over the EV components' global supply chain.
IPO-bound Ola Electric hires former Byju’s senior executive Jitesh Shah to lead after-sales
As part of his new responsibilities at the public markets-bound firm, Shah is spearheading an expansion of Ola’s service centres and fast-charging network, as well as an extension of warranty on all new scooter sales announced by the firm in February, they added.
Rs 500 cr electric-mobility scheme shows govt's continued thrust on EV: Experts
Ministry of Heavy Industries has announced the new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The new scheme is for 2-wheelers and 3-wheelers. Commenting on the government's decision, Srikumar Krishnamurthy, Senior Vice President and Co-Group Head - Corporate Ratings, ICRA said the scheme is a favourable move towards the acceleration of the electrification pace in the country.
Centre announces new scheme to subsidise electric two and three wheelers
The centre on Wednesday announced a new scheme to promote sale of electric two and three wheelers. According to Heavy Industries Minister Mahendra Nath Pandey, Rs 500 crore is being allocated for the Electric Mobility Promotion Scheme (EMPS), 2024. This scheme is valid for four months from April 1 onwards.
Ola Electric plans e-autorickshaw launch ahead of IPO
Ola Electric plans to launch an electric autorickshaw, which will take on the likes of Mahindra Treo, Piaggio Ape e-city and Bajaj RE in the electric three-wheeler segment. The product was under development for a couple of years as part of its wider plans to enter the commercial vehicle business.
View: India's EV revolution is spreading from auto rickshaws to motorbikes
India's urban landscape is rapidly evolving, especially in its bustling cities. A decade ago, the iconic auto-rickshaws were predominantly diesel-powered, with electric versions being a rare novelty. Fast forward to today, and Delhi leads the charge in transitioning to battery-powered three-wheelers, capturing 54% of the market. This shift is driven by the cost-effectiveness and efficiency of electric models, prompting even Uber's CEO to explore the trend. The financial allure of electric vehicles extends beyond three-wheelers, with manufacturers now eyeing the two-wheeler market. This shift, if replicated, could significantly impact India's oil demand, especially in the face of rising fuel prices.
Retail inflation for industrial workers eases marginally to 4.91 pc in December
Retail inflation for industrial workers eased to 4.91% in December from 4.98% in November 2023, according to a labour ministry statement. Food inflation stood at 8.18% in December 2023, compared to 7.95% in November 2023 and 4.10% in December 2022. The All-India Consumer Price Index for Industrial Workers (CPI-IW) for December 2023 decreased by 0.3 points to 138.8 points. The decrease in the index was mainly due to lower prices of certain food items.
Hero's Surge unveils convertible electric three-wheeler that turns into a stunning scooter like Batman movie
Hero MotoCorp's Surge startup has introduced the Surge S32 two-in-one convertible vehicle. The modular EV seamlessly transforms from a 3W electric vehicle to an electric scooter, offering self-employed individuals versatile mobility. This groundbreaking concept, inspired by Christopher Nolan's Dark Knight, allows users to elevate their lifestyle and earning potential.
Budget 2024: From FAME extension to tax cut, what EV sector expects from FM Sitharaman
While 2023 was an encouraging year for EVs in terms of sales volume, industry stakeholders expect the government to give the segment a boost through the regulatory framework.
Breach Candy Hospital CEO turns autorickshaw driver, Anand Mahindra lauds him for promoting sustainable transportation
Netizens praised Kohli for his earnest attempt to promote a clean alternative to the traditional auto rickshaw.
Tiny electric vehicles pack a bigger climate punch than cars
The big shift to tiny electric vehicles is underappreciated in the United States and Europe, where, despite the popularity of electric bicycles and scooters, the focus has been mainly on cars. The global majority, though, doesn't roll on four wheels.
Wednesday wisdom: Anand Mahindra shares a history lesson, says we must respect the humble auto-rickshaw
Anand Mahindra, the Chairman of the Mahindra Group, shared an interesting historical fact on social media. He revealed that the first steam-run vehicle, called the Fardier à vapeur, was invented by French Army captain Nicolas-Joseph Cugnot in 1769.
Centre proposes to keep vehicle insurance premium unchanged for most categories
Sops which have been continued include a discounted price of 50% of the premium based on the Indian Motor Tariff to a private car registered as vintage car. Another discount of 7.5% on the premium shall be allowed for Hybrid Electric Vehicle. A 15% discount has been provided for Educational institution buses, and for Electric vehicles over comparable fossil fuel run ones.
Autorickshaw driver fits cooler inside his rickshaw in Punjab. Video goes viral
Autorickshaws are one of the most common means of commutation in cities across the country but they don't have a cooler or air conditioner fitted in the vehicles, which makes travelling during the summers a tad difficult. To overcome this situation, an autorickshaw owner in Punjab came up with a brilliant idea of fitting an air cooler in his auto rickshaw.
Bill Gates goes on a breezy e-rickshaw ride; Mahindra boss proposes friendly ‘30-wheeler EV drag race’
Gates was seen enjoying a joy ride on an e-rickshaw.
Bengaluru: Auto rickshaws intend to strike on December 29, unions oppose bike taxis
Two businesses have been granted permits to operate electric bike taxis in Bengaluru by the transportation depart
India's electric vehicle boom is built on mopeds and rickshaws, not Teslas
India’s success with the low-cost vehicles is also providing a template for how developing countries could ditch combustion engines and combat climate change without pricey electric cars.
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