EV STORE
India needs to build its own EV paradigm, products, and core technology in the EV stack: Bhavish Aggarwal, Ola
This is the start of the EV penetration. India is the world's largest two-wheeler market. 20 million two-wheelers are sold a year. Over time, EV penetration will grow to a much larger percentage in the overall industry and there is no single company that can achieve that full transition, says Bhavish Aggarwal,
EV startup River, battery firm IBC to invest in rural Bengaluru district
Bengaluru's River and International Battery Company's investments in Bengaluru rural district to create jobs and revolutionize electric mobility, supported by global investors.
BPCL retail outlets will act as EV hubs to purchase, test ride & experience electric scooters
BPCL has teamed up with Bounce Infinity, an Indian electric scooter manufacturer, to accelerate EV adoption in India by launching "eDrive stores" at BPCL retail outlets. These stores aim to make electric two-wheelers more accessible nationwide. Pardeep Goyal, BPCL's Business Head of Retail, highlighted the initiative's role in supporting sustainability goals and transforming fuel stations into versatile energy hubs.
How to maximise your electric vehicle's battery lifespan: Tips and tricks
Maximizing the lifespan of EV batteries is crucial for cost-effectiveness and environmental sustainability. Essential tips include avoiding deep discharges, regular use, and proper charging practices.
Zomato’s Rs 300-crore Blinkit boost; Ola Electric gets IPO nod
Food delivery company Zomato will infuse Rs 300 crore into its quick commerce unit Blinkit. This and more in today’s ETtech Top 5.
EV owners may soon sell battery power back to grids like rooftop solar scheme
With V2G technology, EV owners can charge their vehicles during off-peak hours and sell the stored power when their vehicle is not in use, earning incentives set by the Delhi Electricity Regulatory Commission. "This is pretty much like selling surplus rooftop power to the grid and earning incentives," said the official.
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Used EV sales fail to take off: Why electric resale market lags
Electric vehicles (EVs), including scooters, cars, and commercial vehicles, are surprisingly unpopular in the used vehicle market and often sell for less than similar fossil fuel-powered models, according to EV experts. One major reason is the challenge of precisely determining an EV's remaining battery life. This is crucial because batteries can make up half the cost of a new EV, significantly impacting how much a used one is worth.
Online eats into offline; Agnikul defers rocket launch
The rapid adoption of quick commerce and food delivery apps is eating into the sales of retail, and quick service restaurants. This and more in today’s ETtech Top 5.
Tata Power-DDL, India Smart Grid Forum tie up for vehicle-to-grid technology demo project
Tata Power Delhi Distribution partners with India Smart Grid Forum for Vehicle-to-Grid Technology Demonstration Project, exploring EVs' grid services, backup power, and carbon emissions impact. The project involves stakeholders like Delhi Electricity Regulatory Commission, Central Electricity Authority, Tata Motors, and the University of Delaware, USA. Key figures include Gajanan S. Kale and Reji Kumar Pillai.
The rising role of software in electric vehicles
Altigreen enhances 3Ws with software for battery management, motor control, diagnostics, telematics, user interface, and energy-saving algorithms. Data monetization and government support may offset costs.
Hero MotoCorp’s market cap reaches Rs 1 lakh crore
Hero MotoCorp’s market cap stood at Rs 100,803.27 crore at the close on the BSE on Tuesday, just behind TVS Motor Company, which had a market cap of Rs 101,390.72 crore. Investors have been upbeat on the stock on the back of the company’s focus on premium and electric vehicle segments.
What is in store for the next few quarters for Tata Motors? Devang Mehta answers
Devang Mehta discusses Tata Motors' stock being fully priced in amid global demand slowdown, Zomato's strong management but low margins, UPL's recent surge, and sector rotation. He also analyzes potential corrections and new investor opportunities in the market. Mehta says: "A lot of companies are now fully priced in and there will be some correction if you disappoint a little bit or if even the sector disappoints a bit."
Tesla retreats from next-generation 'gigacasting' manufacturing process
Tesla, amid falling sales and increasing competition, has abandoned plans for an innovative one-piece gigacasting manufacturing process. Initially aiming to revolutionize manufacturing and reduce costs, Tesla has opted for its more traditional three-piece method for vehicle underbodies. The decision underscores Tesla's strategic pivot towards self-driving technology over massive EV sales growth, reflecting recent layoffs and executive departures. This shift also comes after the cancellation of the Model 2 and signals a more conservative approach to production innovation.
Elon Musk visits China as Tesla seeks self-driving technology rollout
Tesla CEO Elon Musk has visited Beijing to discuss the rollout of Full Self-Driving software and data transfer permissions overseas. The company has not made FSD available in China despite customer requests, and rival Chinese automakers like Xpeng have been attempting to gain an advantage over Tesla by rolling out similar software. Tesla has stored all data collected by its Chinese fleet in Shanghai since 2021, as required by Chinese regulators, and has not transferred any back to the United States.
Battle of e-scooters for customers moves to India’s hinterland
The electric scooter segment in India is set for a fierce battle between legacy and new-age OEMs with the launch of Ather Energy's Rizta. Distribution and finance options in small towns and cities will determine the outcome. Legacy OEMs like TVS and Bajaj are expanding their networks, while new-age OEMs face challenges in rural areas due to financing limitations. Offering affordable solutions and innovative financing options could change market dynamics in favor of new-age OEMs.
View: Sometimes, to make an electric car better, you've got to make it a little worse
Electric-car optimism wanes as sales slow for Ford and Tesla. Hertz sells off electric cars, Audi slows E.V. transition. Challenges include cost, range, and infrastructure. Critics find electric cars lacking sensory experience and powerful acceleration, impacting younger generations' preferences.
Your new EV could do with a shot of caffeine. And AI
Billions invested in alternative technologies to replace combustion engines and reduce greenhouse gases. Electric vehicle production costs impacted by energy storage, range anxiety, price resistance. Hydrogen fuel cells explored as an alternative. Caffeine boosts fuel-cell efficiency, reduces costs.
From waste to wealth: The economics of battery refurbishing
Battery refurbishment emerges as a key solution for environmental challenges, extending lead-acid battery life and reducing premature failures. This sustainable approach not only enhances battery performance but also offers cost-effective benefits, promoting environmental well-being.
Xiaomi CEO teases price on upcoming EV, showrooms begin displaying vehicle
The company will on Thursday evening announce its official price range and start taking orders for the car, dubbed the SU7, with the SU short for Speed Ultra. CEO Lei Jun's comments, made on his official Weibo account, mark the first time the company has confirmed the upper end of its price range.
Xiaomi CEO teases price of company's first car, showrooms begin displaying vehicle
Xiaomi's CEO revealed plans for the company's first electric vehicle, aiming for it to be the best-looking, easiest to drive, and smartest car under $69,424. The car, named SU7, will be available for order this week, with two versions offering driving ranges of up to 668km and 800km.
Bajaj Auto’s Rakesh Sharma on export recovery, EV launches & more
Rakesh Sharma of Bajaj Auto discusses exports progress, key markets, domestic growth, and EV strategies. Emphasizing Chetak and Pulsar brand success, aiming for top industry leadership amidst changing FAME subsidies and electric two-wheeler growth.
Mumbai: 3 injured in e-bike battery explosion; neighbour's house also damaged
Explosion of an electric motorbike battery in Mumbaiinjured two women, one man, collapsing a house. Separate incident on Gokhale Road in Thane injured motorbike rider, auto-rickshaw driver; treated at medical facilities.
Paytm moves PoS terminals to RBL Bank; CCI orders probe on Google
Paytm’s point of sale (PoS) terminals for processing card payments are being moved to RBL Bank. This and more in today’s ETtech Top 5.
Concept of rural India has to do well for two-wheelers to do well is absolutely passé: Hero MotoCorp CEO
Niranjan Gupta, CEO of Hero MotoCorp, details the company's strategic shift towards premium models, global expansion, EV (electric Vehicles) readiness, and market share growth through new product launches and customer-centric approach. He also said that the company upgraded 370 stores in the last 370 days, almost one store per day.
China's Xiaomi says it will start deliveries of its first EV model on March 28
The smartphone maker, China's fifth-largest, said in a Weibo post it has 59 stores in 29 cities nationwide that will take orders. A launch event is scheduled for March 28 when the new EV's sticker tag is expected to be announced.
India is installing solar powered EV charging stations. Will it work?
Solar EV charging stations are gradually making their way into the country. But can it be a long-term viable solution for wider EV penetration?
Uber says it's working with Tesla to boost EV adoption among drivers
Uber is offering its drivers exclusive purchase incentives of up to $2,000 for Tesla's Model 3 and Model Y, in addition to federal tax credits. This initiative addresses the cost of ownership and access to convenient charging, which are the main barriers for drivers to go electric.
Tesla Power India launches refurbished battery brand ReStore
Tesla Power India said approximately 10 crore lead acid batteries are scrapped and replaced every year in India, costing Rs.40,000 crore to the Indian economy.
Xiaomi revenue drops but EV strategy ahead of schedule
Xiaomi Corp's net income rose to 5.14 billion yuan over the period, an increase of 147% from 2.08 billion yuan a year earlier, also beating expectations. The company put the increase down to cost cutting and efficiency improvements, particularly in its physical stores.
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