The Delhi government’s draft aggregator policy mandates transition to an all-electric fleet for cab companies, food delivery firms and e-commerce entities by April 1, 2030 and proposes a fine of Rs 50,000 per vehicle if a company fails to make the transition. The draft policy titled ‘Delhi Motor Vehicle Aggregator Scheme’ has been uploaded on […]
Electric Vehicles
Tata Motors targets five-fold rise in electric vehicle sales by FY24 – EQ Mag Pro
Will look to sell 100K units by next year: Chandrasekaran Tata Motors is eyeing a 5x growth in sales of electric vehicles (EVs) from the current levels by the end of 2023-24, the automaker’s chairman N Chandrasekaran told the shareholders at the 77th Annual General Meeting (AGM). “We are determined to increase our EV sales […]
Ambassador car maker Hindustan Motors likely to launch EV two-wheelers next year – EQ Mag Pro
Hindustan Motors closed down its plant in 2014 due to lack of demand for ‘Ambassador’ cars, and subsequently sold the iconic brand to French auto manufacturer Peugeot Hindustan Motors, the brand behind the iconic Ambassador car has decided to re-enter the market in one of the toughest EV segments: electric two-wheelers. The company expects to […]
GST cut on electric vehicle sold without battery pack to 5% – EQ Mag Pro
EVs attract a 5 per cent GST, while lithium-ion batteries fall into the 18 per cent GST bracket, at present. In what may bring cheer to OEMs selling electric vehicles without a battery or providing Battery as a Service (BaaS) model, the Goods & Services Tax (GST) Council has fixed the tax rate at 5 […]
Karnataka CM Bommai wants cheaper electric vehicles for quicker shift to EVs – EQ Mag Pro
To increase the usage of electric vehicles, Karnataka CM Basavaraj Bommai has asked auto manufacturers to focus on making affordable EVs, reports PTI. “The cost of electric vehicles should be affordable for the common man. Then only its usage could see an increase. The manufacturers should focus more on this aspect,” Karnataka Chief Minister Basavaraj […]
143 EVs registered in Delhi daily till June 30; over 25,000 sold in 6 mnths – EQ Mag Pro
The account of the electric vehicles in overall vehicle registration was 9.3% in the first half of 2022, against 5.6% recorded in the whole of 2021 More than 25,890 electric vehicles (EVs) were sold in Delhi in the first six months of 2022, as they accounted for 9.3 per cent of all vehicles registered till […]
Top 4 electric cars sold in India in June: Tata Nexon EV leads the race – EQ Mag Pro
In the month of June, this year, Tata Motors have been able to record its highest-ever electric vehicle sales. The company has sold about 3,507 EV’s in India, during the previous month. The company has been register a massive 433% YoY growth. Tata motors has also revealed, for the month of June, car-maker has registered […]
Hero Electric rolls out first batch of e-scooters from Mahindra’s Pithampur facility in MP – EQ Mag Pro
The company had earlier signed a 5-year partnership with Mahindra as part of its growth and expansion plans to cater to the growing demand for electric two-wheelers in the country. EV maker Hero Electric on Monday said it has rolled out its first batch of e-scooters from Mahindra Group’s Pithampur manufacturing facility in Madhya Pradesh. […]
Ola Electric slips to 4th spot as EV registrations fall amid fire fears – EQ Mag Pro
As customers delay purchasing electric two-wheelers amid fire incidents, Ola Electric again saw its registration dipping in the month of June, taking the company to fourth place in the overall category. Bhavish Aggarwal-run Ola Electric saw 5,869 electric scooters’ registrations (as of June 30), according to the VAHAN data. The June tally for EV two-wheelers […]
Taiwanese electronics giant Foxconn looks at manufacturing EVs in India – EQ Mag Pro
ETtechTaiwanese electronics giant Foxconn is looking at making electric vehicles in India, part of a larger diversification plan to expand its Asian manufacturing supply chain beyond China, according to people aware of developments at the contract phone maker for Apple. Foxtron—the company’s EV venture—may consider manufacturing in India in addition to other locations in South […]