MUNICH : Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material costs mean it will be 2025 before the automaker can build some electric vehicles at the same profit margins as combustion models. “A lot of the margin parity depends on raw materials,” Antlitz told the Reuters Automotive Europe conference. When Volkswagen […]
Jupiter Wagons raises Rs 125 cr via qualified institutional placement route – EQ Mag
The funds will be utilized to accelerate its wagon manufacturing capacity, JWL said in a statement on Tuesday Jupiter Wagons Ltd (JWL) has raised Rs 125 crore through qualified institutional placement (QIP) route. The funds will be utilized to accelerate its wagon manufacturing capacity, JWL said in a statement on Tuesday. “JWL…has successfully concluded the […]
E-scooters may get pricier on proposed subsidy cut – EQ Mag
India is proposing to slash the subsidy for electric two-wheelers to 15% of the sale price from 40% at present to spread the incentive to a larger number of vehicles, officials said. The ministry of heavy industries (MHI) has sent a recommendation in this regard to a high-level inter-ministerial panel that will take a final […]
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, […]
Analysis-Tesla’s new car-making process stokes debate among industry experts – EQ Mag
Tesla Inc’s new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk’s so-called unboxed process is radical, revisionist or derivative – or all of the above. Musk believes the company needs to radically rethink conventional manufacturing methods in order to […]
Delhi government begins works on new EV policy – EQ Mag
The key target set by the EV policy was to ensure that 25% of all new vehicle registrations are EVs by 2024 The Delhi government has started drafting a revised electric vehicle (EV) policy for the next three years and will hold a stakeholder consultation next week to get opinions, according to officials aware of […]
Honda unveils next all-electric vehicle to launch in the European market – EQ Mag
Over the weekend, Honda unveiled its new 2023 SUV lineup, which includes the fully electric e: Ny1, ZR-V hybrid, and the old favorite CR-V with a twist. The e: Ny1, in particular, has garnered some attention because it’s Honda’s second all-electric vehicle. Honda released the e-City vehicle in Europe first. It gained wide acclaim and […]
India ripe target for EV companies but domestic take up slow: Report – EQ Mag
India is a ripe target for electric vehicle firms as the third-largest auto market in the world, said a report by S&P Global Ratings New Delhi : India is a ripe target for electric vehicle firms as the third-largest auto market in the world but due to slow domestic take-up, no Indian company is likely […]