REVOLT
VCs chase auto parts makers to hitch a ride on EV journey
Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom in EV sales, as demonstrated in the sales of passenger EVs jumping 91% and of commercial EVs tripling year-on-year (YoY) in FY24, has meant that the demand for parts has also soared.
Can Punjab's Shiromani Akali Dal, the second-oldest political party in India, save itself from imploding?
SAD is the oldest political party in India after the Congress. It was founded in 1920 and carries a long legacy of Sikh politics. The rise of Sukhbir in the party in the past more than a decade also saw a concurrent alienation of several top leaders who would defer to Badal Senior but not to his son. Today, Sukhbir, out of power and out of favour with the people as reflected by the Lok Sabha poll results, faces rebellion from several senior leaders.
"He never listens to us": Shiromani Akali Dal leaders launch revolt against party chief Sukhbir Badal
The ShiromAkal Dal is currently facing a crisis as several senior leaders, including Parminder Singh Dhindsa and Bidi Jagir Kaur, have launched a revolt against party chief Sukhbir Singh Badal. This demand for leadership change follows the party's poor performance in the recent Lok Sabha elections.
'Blame should not be put on us…': Punjab BJP chief Sunil Jakhar on revolt in Shiromani Akali Dal
On Shiromani Akali Dal (SAD), BJP Punjab chief Sunil Jakhar said that BJP shouldn’t be blamed. Sunil Jakhar said, "SAD contested on all 13 seats in Punjab, but secured only one. Those who are talking about leadership change in SAD can see no political fu...
Day after revolt, SAD's working committee reposes faith in Badal
"Shiromani Akali Dal Working Committee reposes complete faith in the leadership of party president Sukhbir Singh Badal and urges detractors not to play into the hands of Panth's enemies. The committee asks the president to lead the efforts to expose conspiracies against the party, 'panth' and Punjab," said the party in a post on X.
Cost 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, they will have to pay penalties.
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'Join the revolt': UK's Farage to lay out election policies
Farage is one of Britain's most recognisable and divisive politicians and has pressured successive governments into more aggressive stances on cutting immigration. He played a pivotal role in the 2016 vote to leave the European Union.
BLive launches EZY EV rental program for last-mile delivery partners
BLive introduces the EZY EV Rental Program for last-mile mobility partners, addressing financial challenges. Rentals start at INR 1500/week, promoting EV integration. A 'Rent to Own' model allows riders to own EVs after 36 months. Survey by Robas Research shows 77% of delivery riders own EVs. Samarth Kholkar is optimistic about reducing carbon emissions.
Entry into renewables could be a natural extension for RattanIndia: Rajiv Rattan
Rajiv Rattan, Founder & Chairman of RattanIndia, discusses the company's potential expansion into renewables fueled by cash flow from the power business. Addressing past leverage issues, the company shows promise as a turnaround candidate.
Hero Electric, Okinawa, Benling could be blacklisted from all govt schemes, say officials
Three electric vehicle makers, Hero Electric, Okinawa, and Benling India, face blacklisting from central schemes for not returning wrongly claimed benefits under the government's FAME-II scheme due to violations of local sourcing requirements by OEMs in 2022.
Support to three EV 2-wheeler makers may be restored
The government after an initial probe into violation of vehicle localisation norms mandated under the Faster Adoption & Manufacturing of Electric Vehicles in India (FAME India) scheme issued notices for recovery of ₹469 crore subsidy distributed to these companies for sales made between 2020 to 2023.
300 trafficked Indians 'revolt' in Cambodia; most of them arrested: Andhra Pradesh Police
Around 300 Indians 'revolted' in Cambodia against Chinese handlers for cyber crimes. Efforts are on to repatriate the youth with MEA's assistance. Nearly 5,000 Indians were trafficked to Cambodia, with 150 youth traced by the police.
UK graduate visa crackdown may spur a revolt in government ranks
PM Rishi Sunak faces opposition from Cabinet members and Foreign Secretary David Cameron, University, and business leaders, including UUK and MAC Chair Professor Brian Bell, over potential restrictions to the UK's Graduate Route visa, impacting Indian students and UK universities.
UK PM Rishi Sunak faces revolt over plans to scrap Graduate Route visa: Report
According to 'The Observer' newspaper, Sunak is facing a Cabinet revolt over plans to scrap the Graduate Route scheme, the definitive factor for choosing UK universities among Indian students who have topped the tally of these post-study visas since it was launched in 2021.
Revolt by six ex-Congress MLAs was a slap in party's face for cheating people, says Himachal Pradesh BJP chief Rajiv Bindal
The revolt by six former Congress MLAs, who supported BJP nominee Harsh Mahajan in the Rajya Sabha polls, was a rebuke to Congress for deceiving Himachal Pradesh residents with false promises, stated state BJP chief Rajiv Bindal. He criticized the Sukhvinder Singh Sukhu-led state government for lacking achievements after 15 months in power. The defection of leaders to BJP underscores public disillusionment with Congress, said Bindal.
Bullet maker Royal Enfield wants to bring an 'amazing' EV but isn't in a hurry
Royal Enfield delays its electric motorcycle debut to prioritize excellence. The Indian e-motorcycle market expands with new players like Revolt, Tork Motors, and Hero MotoCorp joining the race.
Govt keeping top EV makers accused of FAME subsidy misappropriation out of the new scheme: Report
EV makers face subsidy dispute. EMPS 2024 offers Rs 10,000 per two-wheeler. TVS Motor and Ather show notable sales growth in FY24, while electric vehicle manufacturers experience production decrease amid subsidy conflict.
Sugar craving in Maharashtra politics: A key aspect for BJP's sweet triumphs and sour revolts?
In Maharashtra politics, the sugar industry's influence is profound, with prominent figures like Vasantdada Patil and Ashok Chavan associated with it. Shifting alliances have seen sugar barons switch parties, impacting electoral outcomes. Cooperative sugar factories have faced decline due to mismanagement. Political figures like Ajit Pawar and Radhakrishna Vikhe Patil exemplify the trend of ideological flexibility. The state's sugar industry dynamics have undergone significant changes, with private mills now dominating the landscape.
Why Kshatriyas are revolting against BJP in Gujarat, organising biggest protest meet?
The Kshatriya community in Gujarat is demanding the removal of Union Minister Parshottam Rupala as the BJP candidate for the Rajkot Lok Sabha seat due to derogatory remarks. Despite Rupala's apologies, the community is firm on its demand and has set an ultimatum for his removal by April 19. The agitation could impact the BJP's dominance in Gujarat and highlight caste fault lines in the region, with implications beyond the upcoming Lok Sabha elections.
Electric motorbikes on course to take charge of EV space
Many startups and traditional players are set to launch vehicles that match ICE models in terms of performance, range and price. Until now, e-scooters have been leading the way in the EV sector for two-wheelers. However, this trend is expected to shift as numerous high-performance, zero-emission e-motorcycles are poised to enter the Indian market at prices comparable to their petrol-powered counterparts.
Punjab: BJP's Salaria revolts against party, says will contest LS polls from Gurdaspur
BJP leader Swaran Salaria announced his candidacy for the Gurdaspur Lok Sabha seat, despite the party already naming a candidate. Salaria confirmed he will not run as an Independent but under a party symbol. "The decision will be finalized by April 13. I will represent a strong and victorious party," Salaria stated. In the 2017 bypoll, Salaria, contesting on a BJP ticket, was defeated by Congress' Sunil Jakhar.
Dissidence in BJP ahead of Lok Sabha polls in Karnataka
Eshwarappa went all out against the former chief minister and BJP parliamentary board member B S Yediyurappa after his son K E Kantesh could not make it to the list of candidates announced by the high command a week ago. Karnataka has 28 Lok Sabha seats.
Congress MLAs revolted as a non-Himachali was fielded in RS poll: Anurag Thakur
Union Minister Anurag Thakur criticized the Congress-led Himachal Pradesh government for failing to fulfill its promises. Congress MLAs voted against their own candidate, reflecting the growing dissent and anger within the party. The Congress appears disintegrated and faces close competition with the BJP in the state.
Farmers’ revolt threatens election year upsets in India and around the world
It all comes down to money in India, too, something which Modi is watching ahead of elections in spring. Farmer protests paralyzing much of Delhi in 2020 and 2021 forced the Indian premier to repeal agricultural market reforms. During campaigning this year, Modi has repeatedly included farmers as a group needing attention. Not all farmers are convinced.
Revolt launches RV400 BRZ electric motorcycle at Rs 1.38 lakh, offers 150km range
Revolt Motors enters Indian electric motorcycle market with RV400 BRZ; Priced at Rs 1.38 lakh; Bookings now open on official website and dealership network; RV400 BRZ features 72V, 3.24 kWh lithium-ion battery; Impressive range of up to 150km; Charging time of 3 hours for 0 to 75 percent; Regenerative braking system enhances range; USD front forks, mono-shock rear suspension, all-LED lighting; Digital instrument cluster and four sound options available; Available in five colors.
An electric motorcycle startup founded by an ex-Tesla engineer plans for some disruption in e-mobility
The bike will be a mid-premium motorcycle variant running on 200 cc with a top speed of 135 km with NMC, the high voltage battery. It will be priced around INR 2 lakh to 2.5 lakh.
Revolt Motors looks to ramp up sales infra, roll out new products
Revolt Motors, an electric bike maker, plans to expand its sales infrastructure and introduce new products as part of its growth strategy. The company, which was acquired by RattanIndia Enterprises, also aims to enter international markets. Revolt Motors plans to increase the number of dealerships in India from the current 100 to 500 within a year, and potentially exceed 1,000 within the next two to three years. The company currently sells one electric bike in the country and intends to consolidate its presence in the bike space before diversifying into electric scooters.
Govt exploring legal options against electric 2-wheeler cos for not complying with FAME II norms
The Indian government is considering legal action against seven electric two-wheeler companies for not complying with the FAME II scheme norms. The government has requested a refund of incentives totaling Rs 469 crore from Hero Electric, Okinawa Autotech, Ampere EV, Revolt Motors, Benling India, Amo Mobility, and Lohia Auto. Only Revolt Motors has offered to repay the amount so far.
Revolt pays back FAME subsidy with interest to centre
Revolt Intellicorp, owned by RattanIndia, has refunded Rs 50.02 crore to the Indian government as a settlement after an investigation found the company violating guidelines for subsidizing locally made electric vehicles (EVs). The refund is against the Rs 44.30 crore subsidy Revolt received under the FAME 2 scheme. Revolt is now eligible to seek subsidy again, subject to government approval.
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