FASTER ADOPTION AND MANUFACTURING OF ELECTRIC
India must double annual EV workforce to 30,000 to achieve full localization by 2030: Study India must add 30,000 EV-ready workers annually till 2030, according to SIAM's report released by Minister Kumaraswamy. It forecasts 2,00,000 jobs excluding shop floor and contractual roles, Rs 13,552 crore in hiring and training, a 43% skills gap, ...
16 Jul, 2024, 07.22 PM ISTAuto industry needs 2 lakh skilled people by 2030 to meet 30 pc EV adoption target: SIAM The Indian automotive industry anticipates the need for up to 2 lakh skilled personnel by 2030 to achieve the government's goal of 30 percent electric vehicle adoption. This projection was announced by the Society of Indian Automobile Manufacturers ...
16 Jul, 2024, 02.46 PM ISTHybrids face uphill drive to sops in Uttar Pradesh; Only FAME II-certified vehicles to benefit from state scheme Senior industry executives said the state is considering linking incentives on hybrid and electric vehicles (EVs) to guidelines outlined in FAME II.Some car makers had raised objections to the incentives for hybrids announced by Uttar Pradesh as the...
15 Jul, 2024, 12.43 AM IST- ADVERTISEMENT
EV Industry seeks incentives, funds for infrastructure, tax rationalisation from Budget Finance Minister Sitharaman's budget preparation raises EV sector optimism. Expected measures include FAME-3, charging infrastructure funds, localization incentives, renewables integration, priority lending, reduced GST. Tandon stresses 2030 goals n...
14 Jul, 2024, 05.02 PM ISTAmid demand slowdown, EVs plug into PE recharging infrastructure Private equity firms are increasing investments in India's electric two- and three-wheeler industry amidst a slowdown in electric passenger vehicle sales. Total funding in the first half of 2024 reached $754 million. Electric two-wheeler sales are o...
14 Jul, 2024, 05.11 AM ISTUP's sops for hybrid vehicles irk EV companies, add to industry's June sob story Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. After last year's euphoria, domestic sales slumped to 20% growth in t...
12 Jul, 2024, 05.30 AM ISTEV race: Are hybrid vehicles getting in the faster lane? The Indian car industry is at a crossroads in its journey towards an all-electric future, with the possibility of a hybrid transition. Uttar Pradesh's move to waive registration fees on strong hybrid and plug-in vehicles has sparked a debate among a...
10 Jul, 2024, 10.43 PM ISTBII bullish on Indian EV ecosystem, expects to invest USD 300 mn in 3 yrs: MD Abhinav Sinha Abhinav Sinha of British International Investment envisions India surpassing China in EV adoption by 2030, ahead of Europe and the US, driven by government support and cost considerations, emphasizing the country's potential for significant growth i...
23 Jun, 2024, 11.32 AM ISTBPCL 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. Pard...
21 Jun, 2024, 05.59 PM ISTLike EV-making moths to FAME 3 India is preparing for the launch of the third edition of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, aiming to cater to the aspirations of an increasingly affluent and environmentally-conscious population. This initiat...
20 Jun, 2024, 10.47 PM ISTCost of FAME 3: Meet local sourcing norms or face penalty Companies certifying vehicles for subsidies under FAME 3 - scheduled to be announced in the upcoming budget - will have to undergo a techno-commercial audit twice a year to ascertain they are meeting localisation guidelines. If they come up short, t...
20 Jun, 2024, 08.59 AM ISTExpo Centre Sharjah signs agreement to launch Middle East Electric Vehicle Show 2025 Expo Centre Sharjah (ECS) has forged a strategic partnership with MIE Events to debut the Middle East Electric Vehicle Show (MEEVS) in 2025 at the Centre. This groundbreaking agreement paves the way for the region's premier electric vehicle event, s...
10 Jun, 2024, 08.39 AM ISTMirae Asset Mutual Fund files draft document with Sebi for Nifty EV & New Age Automotive ETF Mirae Asset Mutual Fund has filed a draft document with SEBI for India's first ETF focused on Electric Vehicles (EV) and New Age Automotive. The fund will track Nifty EV & New Age Automotive Index.
03 Jun, 2024, 01.57 PM ISTFAME 3 likely to be rolled out soon with Rs 10,000 crore outlay The third edition of the Modi government's FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.
29 May, 2024, 09.07 AM ISTSlowing EV sales are upending banker climate strategies The global electric vehicle market faces challenges as China leads in EV development, impacting sales in Europe and US. Policy interventions are expected due to China's dominance and US tariff increases on Chinese imports.
22 May, 2024, 09.16 PM ISTStellantis considering India manufacturing of affordable EVs The group, which owns several brands including Chrysler, Citroën, Fiat and Jeep, is considering locally manufacturing affordable electric vehicles from its Chinese joint venture partner Leapmotor at its facility in Thiruvallur, Tamil Nadu.
14 May, 2024, 10.34 PM ISTEarly enthusiastic EV adopter phase probably over; focus on mkt development: Tata Motors Grp CFO PB Balaji Tata Motors is focusing on market development to boost electric vehicle (EV) penetration in India and address concerns of new customers. The company missed its guidance of selling 1 lakh units of EVs in FY24 and is confident of crossing the mileston...
10 May, 2024, 07.59 PM ISTPowering ahead: The role of renewable energy in electric vehicle charging infrastructure India aims for a sustainable future with EVs & renewable energy. Challenges include sparse charging stations & policy reforms. By 2030, target is 500 GW renewable energy for a greener tomorrow.
09 May, 2024, 08.28 PM ISTTesla pullback puts onus on others to build electric vehicle chargers Musk's decision to lay off the 500-member team responsible for installing charging stations, and to sharply slow investment in new stations, baffled the industry and raised doubts about whether the number of public chargers would grow fast enough to...
08 May, 2024, 01.17 AM ISTGreen light for EV cos to claim subsidy under new scheme Hero MotoCorp, Bajaj Auto, TVS, Ather Energy, Ola Electric Mobility, and Kinetic Green have been approved to sell two-wheelers and claim subsidies under the Electric Mobility Promotion Scheme (EMPS), 2024. The scheme, which aims to support 372,000 e...
06 Apr, 2024, 12.12 AM IST