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EVINDIA
Tata plans to import Jaguar Land Rover EV and establish a manufacturing unit in TN
Under a new government programme that reduces import duties for businesses willing to set up local production, Tata Motors intends to import its luxury electric Jaguar Land Rover (JLR) vehicles, citing two Indian government sources, Hindu Business Line reported.According to a report by Reuters, Tata's proposal, if it comes to pass, would make it the first local automaker to choose the strategy intended to encourage the usage of electric vehicles (EVs). Tesla is also anticipated to begin importing its cars to India and make an investment in the nation.A representative for Tata declined to comment on what it called a speculation.The proposal, which was unveiled in March, reduces import duties on select EV models from 100% to 15% provided an automaker spends at least $500 million and establishes a domestic facility within three years.To save the home sector, Tata had first pushed the Indian government to refrain from lowering levies.According to a third person who is aware of the company's plans, Tata and JLR are now talking about the prospect of applying for incentives under the EV policy, but discussions are still in the early stages."JLR (EVs) are something that Tata wants to import under this new policy," one of the two government sources—who wished to remain anonymous since the company's intentions are private—said.Tata is preparing to build a $1 billion facility in the southern state of Tamil Nadu to produce JLR automobiles, even as it is solidifying its intentions to import JLR electric vehicles from the United Kingdom. It is still unknown which JLR car will Tata manufacture in this facilityAccording to the official, the Centre met with members of the auto sector on Thursday to start drafting the policy's structure.Hyundai Motor Co., Vinfast, Volkswagen, BMW, Mercedes, Maruti Suzuki, Mahindra & Mahindra, Toyota Motor Co., and other companies were present at the conference. There was also a representative from Tesla.India's developing and expanding EV industry is dominated by Tata. About 2% of all cars sold in 2023 were electric versions, with the government aiming for 30% by 2030, despite falling demand in important areas like the US and China.
EVINDIA
India EV policy meeting welcomes Tesla advisor, days before Musk’s visit to India
An adviser for electric vehicle manufacturer Tesla attended a stakeholders' meeting on India's new Electric Vehicles policy on Thursday, citing sources The Telegraph reported. The meeting comes at the moment when Tesla’s CEO Elon Musk is soon to visit India."The purpose of the stakeholder consultation meeting was to gather feedback for the guidelines that will be developed for the new policy on EV production. The Asia Group (TAG), Tesla's adviser, was in attendance. VinFast, a Vietnamese producer of electric vehicles, attended the conference as well,” according to a senior official.Attending the conference were representatives from every major Indian manufacturer, including Maruti Suzuki, Hyundai, Tata, Mahindra, Kia, Skoda Auto Volkswagen India, and Renault. Additionally, rumours said that officials from the luxury automakers Mercedes-Benz, BMW, and Audi were there.Musk is anticipated to visit India during the week starting on April 22.According to the report, during the meeting, representatives from the Heavy Industries Ministry gave a presentation about the new EV policy.The majority of the participants aimed to gain a deeper understanding of the policy's specifics. He went on to say that it was more of a consultation than a commitment to make future investments.
EVINDIA
11 EV manufacturers receives government subsidy approval under EMPS scheme
Eleven manufacturers of electric vehicles (EVs), including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, have been granted approval by the Ministry of Heavy Industries to earn incentives under the recently launched Electric Mobility Promotion Scheme (EMPS) 2024.Citing a senior ministry source, Business Standard reported, "A total of 11 firms have been granted approval under the EMPS, with several more under consideration." The programme, which took the place of the earlier Faster Adoption and Manufacturing of Electric Vehicles – II (FAME-II) programme, intends to maintain the rise in EV sales. The new programme, which has been allocated Rs 500 crore, went into effect on April 1 and will run until July 31.Manufacturers of EVs authorised for the EMPS 2024 scheme are Bajaj Auto, Ather Energy, TVS Motor, BGauss Auto, Ola Electric, Hop Electric, Quantum Energy, Hero MotoCorp, Kinetic Green, Mahindra and TI Clean Mobility.For this plan, the government has simplified the certification procedure. According to the official, "the approval process is now more efficient and expedited, ensuring a seamless experience for applicants." EV firms had already expressed worry that they would lose out on incentives for sales made after April 1. Nonetheless, from the dates of their separate approvals, firms that have been approved will be eligible for rewards.Manufacturer applications are still being accepted. According to officials, any candidate hoping to get incentives under the new programme would need to go through a registration process. The government has lowered the maximum subsidy ceiling in an effort to control the rising demand and ease the pressure on EV makers. The ceiling has been lowered for electric two-wheelers (e2W) to Rs 10,000 from Rs 22,500 and for electric three-wheelers (e3W) to Rs 50,000 from Rs 111,505. There will be incentives of Rs 5,000 per kilowatt-hour (kWh) for both categories."In response to the strong demand, subsidies have been reduced. As subsidies cannot last forever, the objective is to sustain the sector while getting it ready for a post-subsidy age,” Heavy Industries Minister Mahendra Nath Pandey said, Business Standard reported.While there are incentives available for the e2W and e3W categories, the new programme does not provide any benefits for e-buses or electric four-wheelers (e4W). A three-year extension of FAME-II advantages to their category was requested by a number of e4W manufacturers, including the market leader Tata Motors, however this request was denied.Officials from the government clarified that the reason e4W and e-buses aren't included in the EMPS is because these groups are already served by programmes like PM-eBus Sewa Scheme and Auto PLI. "e4W and buses are already served by the PM-eBus Sewa programme and Auto PLI. The Heavy Industries Minister has stated that EMPS will only concentrate on the e2W and e3W categories at this time.Data from the government indicates that FAME-I provided demand incentives of Rs 343 crore, supporting over 278,000 pure EVs. FAME-II was later extended to March 2024. It started in April 2019 and has a three-year budget of Rs 10,000 crore.This year, EV sales have increased significantly by more than 45%, overcoming the obstacles posed by legislative changes and decreases in subsidies. EV registrations increased significantly in 2023, coming close to 1.5 million, compared to little over 1 million the year before.The overall EV penetration in India has increased to 6.3% from 4.8% in 2022, surpassing the 5% threshold thanks to this development.
EVINDIA
Two scooters at price of one: Ola reduces price of S1X electric scooter
Ola Electric, an EV manufacturer located in Bengaluru, has announced a substantial price cut for its S1X electric scooter series. Three battery configurations—2 kWh, 3 kWh, and 4 kWh—are now available for the S1 X series, with the entry-level 2 kWh model starting at just Rs 69,999. The 3 kWh and 4 kWh versions will come in right after at Rs 84,999 and Rs 99,999, respectively. According to the corporation, the S1 X models will be delivered across the country starting the next week. The business has also disclosed the new prices for its other models in addition to this one. Now retailing for Rs 1.30 lakh, Rs 1.05 lakh, and Rs 84,999, respectively, are the S1 Pro, S1 Air, and S1 X+. Interestingly, all S1 scooters will include a complimentary 8-year/80,000-kilometre battery warranty at no extra cost.Ola Electric had significant triple-digit growth in its annual revenue. The business sold 53,320 units this month, a tremendous growth of 148.75 per cent over the 21,435 units sold in March 2023. Additionally, there was a notable increase in sales month over month, rising by 57.54% from the 33,846 copies sold in the previous month.
News
Tesla's “Made in India” electric car for Rs 20 lakh?
Prashant
13-Apr-24 06:50:03 pm IST
Tesla may use a battery pack that is less powerful than 50kW and lower-powered electric motors in order to build a car that costs Rs 20 lakh.
News
ICE is a “dead technology”: Amitabh Kant G20 sherpa. Are EVs the future?
Prashant
06-Apr-24 10:06:17 am IST
According to the government's budget allocation document released on February 1, 2024, the government allotted a revised estimate of about Rs 4,807 crore for FAME initiatives in FY24.
News
Still time to get EV subsidy? Ola, TVS, and others get EMPS certificates as Navratri approaches
Prashant
05-Apr-24 05:32:01 pm IST
While the online gateway for completing the application procedure for EMPS subsidies is not yet available, enterprises are nevertheless receiving a "go ahead" certificate in manual format from the MHI.
News
Tesla to establish EV plant in India with $3bn investment
Prashant
04-Apr-24 04:07:23 pm IST
Tesla will concentrate more on the states of Tamil Nadu, Gujarat, and Maharashtra which currently have automotive centres to setup its EV manufacturing plant.
News
With every SU-7 Xiaomi will lose 10,000 Chinese Yuvan: Report
Prashant
03-Apr-24 05:01:15 pm IST
It is to be noted that the SU7 electric car is manufactured by a state-owned company– BAIC group and not Xiaomi itself.
News
Xiaomi launches its first e-car– SU7: Most affordable EV in the premium segment?
Prashant
29-Mar-24 05:13:12 pm IST
In Beijing, China, Xiaomi introduced the SU7, its first electric vehicle. With a price tag of 300,000 yuan, the automobile has an autonomous driving range of 700 to 900 km.
News
EMPS 2024: Government announces shock-absorbing subsidy scheme after FAME-II
Prashant
14-Mar-24 03:29:34 pm IST
The government has reduced the maximum subsidy threshold for e2W vehicles from Rs 22,500 to Rs 10,000, and for e3W vehicles from Rs 111,505 to Rs 50,000. Rs 5,000 per kilowatt-hour (kWh) is an incentive for both e2W and e3W..
News
Muthoot Capital and Greaves Cotton’s evfin join hands to promote electric two-wheeler financing
Prashant
13-Mar-24 04:16:25 pm IST
The collaboration will introduce a co-lending programme which may result in a transaction worth up to Rs150 crore ($18 million).
News
India will not modify its policies to particularly suit Tesla: Piyush Goyal
Prashant
10-Mar-24 05:08:04 pm IST
Tesla is requesting an initial concession on tariffs that would enable it to deduct 70% of customs duty on vehicles under USD 40,000 and 100% of duty on vehicles over USD 40,000.
News
Ola 72hr electric rush from 8-10 march: Buy S1 EV at discounted price before FAME-II ends
Prashant
09-Mar-24 08:43:34 am IST
Ola Electric offers S1X+ at ₹79,999 (down from ₹1,09,999), S1 Air at ₹99,999 (down from ₹1,19,999) & S1 Pro at ₹1,24,999 (down from ₹1,47,499).
News
No more subsidies on EVs? Govt denies media claims of FAME-II extension
Prashant
07-Mar-24 03:02:12 pm IST
The media claim about the government extending the FAME-II by the end of July, with a budget of Rs 500 crore for the extended period has been denied by the Ministry of Heavy Industries.
News
Chinese company BYD seeks to touch 90% of Indian EV market
Prashant
06-Mar-24 01:24:01 pm IST
The BYD India automobile division currently sells the BYD ATTO 3 SUV and the e6 MPV through a network of 24 showrooms located in 21 locations.