PREMIUM EVS INDIA
Can Ola Electric become the Maruti Suzuki of electric two-wheelers?
Ola Electric, led by Bhavish Aggarwal, leads the e2W market with a 48% share in Q1 FY25, selling 74,068 units. Despite preparing for an IPO and product issues, growth stems from strategic partnerships and pricing. Policy shifts under EMPS cut subsidies, impacting sales. The company must adapt to competition and future e-motorcycle trends.
Chorus grows for angel tax repeal; policy push for EVs
Startup Inc’s calls to do away with angel tax have found support from the government. This and more in today’s ETtech Top 5.
Electric car sales in India to reach 1.3-1.5 lakh in FY25: Report
Electric car sales surged in FY24, with a forecast of 1.3-1.5 lakh units in FY25. The PV industry expects moderate growth, driven by SUV sales and premium vehicle demand, despite challenges in the entry-level segment.
MG Motor to launch its most premium electric car, Cloud EV, later this year : Report
MG Motor is gearing up to launch a new electric car in India later this year, with reports indicating that the MG Cloud EV will make its debut in September. The price range for the vehicle is expected to be below Rs 20 lakh, although some sources suggest it could be closer to Rs 25 lakh. If priced competitively, the Cloud EV will compete against popular models like the Tata Nexon, BYE E6, and the Mahindra XUV400 in the Indian market.
Why India needs micro EVs ?
The 2nd car. The small car for the city. The wife's car. The college kid’s car. The urban machine - affordable, efficient, compact, cheerful. And that’s something the small EVs can be really good at. Yet, how many EV brands are launching cars that fit that description? And those that are closest to the brief e.g. the MG Comet EV, are not exactly inexpensive.
Hyundai Motor India plans to launch EV models in future; electric version of Creta by Q4 FY25
Hyundai Motor India Ltd plans to launch four electric vehicle models, including the Creta EV, in the final quarter of the current fiscal year, as outlined in its preliminary IPO filings with Sebi. The company aims to enhance the price competitiveness of its EV lineup by focusing on local production capabilities for critical components such as cells, battery packs, power electronics, and drivetrain, and establishing a localized EV supply chain.
Inside Tata Motors' plan to stay ahead in the EV race
Tata Motors, a dominant player in the Indian electric car market, is on a mission to solidify its position by implementing an ambitious plan. With a significant increase in electric car sales in the past fiscal year, the company aims to further drive growth by integrating electric vehicles (EVs) and rooftop solar (RTS) systems. Tata Motors plans to promote synergy between RTS and EVs, with the goal of having 50 percent of Tata EV users also utilizing RTS by the end of the decade, a substantial increase from the current 10-15 percent.
Tata Motors to launch multiple electric cars under Avinya brand: Report
Tata Motors showcased the Avinya concept electric car, inspired by a catamaran, in April 2022. The company plans to launch it as a premium electric car brand with multiple products, as reported by Auto Car India.
Utpal Sheth on key megatrends that can shape India's future growth
“Even one megatrend will create multiple types of opportunities, multiple types of companies and business models that you will be able to participate in. I think the way the financial savings in the country will get channelised will be another megatrend,” says the CEO of Rare Enterprises.
Bajaj Chetak 2901 launched in India under Rs 1 lakh. Check price, features
Bajaj Auto has recently unveiled the latest addition to its electric scooter range, the Chetak 2901. Priced at INR 95,998 (ex-showroom, Bangalore), this model comes in five vibrant colors: Red, White, Black, Lime Yellow, and Azure Blue. The Chetak 2901 is equipped with a sturdy metal body and advanced technological features, making it a standout in the electric scooter market.
Rural demand as healthy as urban demand for SUVs: Tarun Garg, Hyundai Motor India
I have been in the industry for 30 years and we had always imagined that the rural customers would prefer smaller cars but there also aspirations are taking over. And also the second thing is that because the infrastructure has really improved and also the dissemination of information has really improved, the aspirations of the rural customers are also shifting them towards SUVs.
Mahindra to focus more on driving range, tech over price in future electric cars
Speaking to ET, R. Velusamy, president, automotive technology and product development at M&M said while TCO (total cost of ownership) approach to EV development or how much one saves after switching from petrol or diesel cars to EVs may work in the short term for “early adopters”, in the long term, it’s the range, technology and overall experience that will help in creating new market segments and to grow sales.
Kia unveils its 4th electric car, the EV3. Expected in India next year
Kia has unveiled the EV3, a new compact electric SUV with two battery options and advanced features. It will first launch in the international market before potentially entering India in 2025.
Auto component industry to double investment to $7 billion; Craftsman Automation could give 19% return
Auto component industry to double investment to $7 billion; Craftsman Automation could give 19% return. Premiumization trend drives shift to 'premium' vehicles. UV mix in PVs at 60% in FY24. 125cc+ segment in motorcycles at 52% in FY24. Social media influences rural trends. Finance accessibility boosts premiumization. India targets net zero emissions by 2070, promoting EVs and biofuels.
India EV policy to encourage local production of premium electric cars: Audi official
Audi AG executive praises India's new electric vehicle policy for boosting local production of premium electric cars and accelerating EV adoption. The policy includes import duty concessions for companies investing in manufacturing units for EV passenger cars.
India's new EV policy to help launch many eco-friendly premium-quality SUVs: VinFast Auto
The Indian government's new electric vehicle (EV) scheme aims to drive large investments in manufacturing, create competencies and upskilling, set up a robust supply chain and offer consumers world-class, zero-tailpipe emission vehicles, VinFast India CEO Pham Sanh Chau said in a statement.
Audi launches new version of e-tron, the Q4 55, with better specs
Audi introduces the upgraded Q4 55 e-tron in India, with an 82 kWh battery, 258 miles of range, enhanced ride comfort, and a sportier appearance. It solidifies Audi's position in the electric vehicle market.
Okaya EV enters premium segment for two-wheelers with new brand 'Ferrato'
Okaya EV unveils Ferrato, a brand targeting passionate customers and redefining the electric two-wheeler landscape with high-end models. Ferrato will launch three electric motorcycles and one scooter, promising a unique riding experience. Managing Director Anshul Gupta aims to establish over 100 partners for Ferrato.
China’s BYD targets leadership in luxury EV segment in India
China's BYD, a leading electric car manufacturer globally, aims to solidify its position in India's luxury electric vehicle segment, focusing on cars priced above Rs 30 lakh. Despite recent challenges due to increased government scrutiny of investments from China, BYD is committed to showcasing its technology and expanding its footprint in India's premium electric vehicle market.
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