Lohia Auto Industries CEO Ayush Lohia asked the government to reconsider this step and “prioritise long-term sustainability over short-term gains” The government’s plans to reduce subsidies on electric two-wheelers is a retrograde step that will hurt the market and hinder adoption of electric mobility, according to industry players. While the Heavy Industries Ministry is planning […]
Electric Vehicles
Ola, Ather and other electric two-wheeler prices may rise soon. Here is why – EQ Mag
Prices of electric two-wheelers from Ola Electric, Ather Energy, Hero Vida and other manufacturers could up significantly in near future as the Centre plans to reduce subsidy under the FAME II scheme to promote electric vehicles. The Ministry for Heavy Industries has proposed subsidy on electric two-wheelers to 15 per cent. If its proposal is […]
Why China is wooing rural customers to switch to electric vehicles – EQ Mag
China, the world’s largest electric vehicle (EV) market, has a problem – sales of new energy vehicles, which includes both pure electrics and plug-in hybrids, don’t have the momentum it had previously. And while demand is still in the green for green vehicles, the slowing pace in the rise of demand is a matter of […]
Two-wheeler electric vehicles may become expensive as government plans to cut FAME II subsidy – EQ Mag
Two-wheeler electric vehciles offered by Ola, Ather and others may cost more in the country soon. The Heavy Industries Ministry is reportedly planning to increase the outlay for e-two-wheelers from the current level of ₹2,000 crore under its flagship FAME-II scheme and reduce the subsidy per vehicle. As per a PTI report, a government official […]
Tata Motors: Electric vehicles profitability to improve – EQ Mag
With chip supplies improving, JLR is aiming to cross 400k wholesales ex-CJLR in FY24, which implies a quarterly run rate of 90k plus units to sustain ahead. Tata Motors (TTMT) had a strong performance across key verticals in Q4FY23. Their commercial vehicles (CV) EBITDAM (earnings before interest, taxes, depreciation, amortisation, and exceptional items as a […]
Sona Comstar inks licensing pact with Equipmake to produce EV components – EQ Mag
Equipmake has patented technology which offers high power density and efficiency with high performance, making it ideal for electric cars, buses, and commercial vehicles. Auto component maker Sona BLW Precision Forgings on Tuesday said it has inked a technology licensing agreement with the UK-based Equipmake for production of electric vehicle components. Equipmake has patented technology […]
Honda launches EM1 e:, its first electric moped in Europe, with 48-km range – EQ Mag
EM1, which Honda says is an electric moped, was announced in September last year and revealed two months later. Japanese automaker Honda has launched EM1, its first electric scooter. The model was announced in September last year and revealed two months later. With EM1, Honda aims to attract youngsters, as well as customers who want […]
India ripe target for EV makers, but slow transition a hindrance : Report – EQ Mag
India is a ripe target for electric vehicle firms as the third-largest auto market in the world but due to slow domestic takeup, no Indian company is likely to have a meaningful global share of electric vehicles in the foreseeable future, according to a report by S&P Global Ratings. Asia is set to keep its […]
FAME 2 subsidy on electric vehicles could be slashed to Rs 10,000 per KW, max cap at 15% of vehicle cost – EQ Mag
The Ministry seeks to bring down the subsidy offered on electric two-wheelers from the existing Rs 15,000 per KW to Rs 10,000 per KW. The extension of FAME 2 scheme which has been in the news for a while, and subsequently its impact on adoption and sales of electric vehicles has been perplexing. In fact, […]
Solution to pollution: Are electric cars ‘green’? – EQ Mag
Electric vehicle (EV) sales have picked up pace as buyers see them as a greener alternative to traditional combustion engines. But we might be placing a disproportionately large bet on these vehicles as a solution to pollution.There is, and rightfully so, growing acceptance for EVs as they are considered less detrimental to the environment than […]