Tag: India

Jul 2, 2019 - 11:16 pm

Ola Electric Mobility becomes India’s newest unicorn

Technology group Softbank is investing the equivalent of 250 million US dollars in Ola Electric Mobility (OEM), the vehicle arm of India’s largest ride-hailing firm. This makes Ola Electric a “Unicorn”, which means that it is now valued at more than $1Bn.

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Jun 20, 2019 - 04:01 pm

Renault to discontinue diesel models in India

Following Maruti Suzuki, Renault is now the second car manufacturer to stop selling diesel vehicles in India next year. The background is a stricter emissions standard, comparable to the Euro 6 standard in Europe, which will come into force in India on 1 April 2020.

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Jun 3, 2019 - 01:32 pm

KTM and Bajaj are to cooperate on electric bikes

The Austrian motorcycle manufacturer KTM Industries and the Indian vehicle manufacturer Bajaj Auto are planning the development of a common 48-volt platform for electric two-wheelers in the power range from 3 to 10 kW. Series production is to begin at the Bajaj production site in Pune, India, by 2022.

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May 23, 2019 - 12:01 pm

India considers banning fossil fuel bikes & trikes

In an effort to curb environmental pollution and reduce dependence on fossil fuels, a high-ranking government body in India is pressing for only electric tricycles or rickshaws to be permitted from April 2023 and solely electric two-wheelers to be sold from April 2025.

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May 16, 2019 - 06:16 pm

India: Nymbus charging network launched

Panasonic, in cooperation with SmartE and qQuick, has launched a new EV charging network for India named Nymbus. In the first phase, Panasonic will deploy the service on 150 SmartE electric three-wheelers and on 25 qQuick two-wheelers in the Delhi-NCR region.

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Apr 11, 2019 - 01:57 pm

India: 95% of e-scooters excluded from new subsidies

Approximately 95% of the electric scooters in India do not qualify for the subsidies of the new FAME II funding programme. This is partly due to the batteries: Almost 90% of e-scooters that were previously subsidized by FAME-I used lead-acid batteries.

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Mar 19, 2019 - 01:41 pm

Hyundai & Kia to invest $300 million in Ola

Hyundai and Kia are investing $300 million in mobility service provider, Ola. The strategic partnership includes the production of electric vehicles tailored to the Indian market, the establishment of charging infrastructure and the development of fleet and mobility solutions.

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Mar 1, 2019 - 04:51 pm

India starts phase 2 of FAME subsidy programme

In India, the second phase of the national electric mobility subsidy programme FAME, launched in 2015, will come into force on 1 April 2019. FAME 2 will run for three years and has a budget of 100 billion rupees (1.24 billion euros).

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Jan 30, 2019 - 01:27 pm

India gears import taxes for domestic EV assembly

The Indian government has lowered import duty on parts of electric vehicles from 15-30 per cent to 10-15 per cent, effective January 30.  At the same time, the Central Board of Indirect Taxes and Customs (CBIC) is now charging customs duty for battery packs for EVs, which were previously exempt.

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Jan 25, 2019 - 03:05 pm

Finding hidden tigers

Mahindra say they successfully completed a pilot project using electric vehicles on safaris in India’s Taboda Andhari National Park. The manufacturer is now ready to supply Mahindra Supro Eco-Rangers to other parks and tiger preserves as well.

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Jan 24, 2019 - 01:52 pm

Hyundai to produce Kona electric car in India

Hyundai plans to produce its fully electric Kona in India starting in the second half of 2019. The plan is linked to an investment of 70 billion rupees (around 870 million euros) in the Hyundai plant in Chennai, Tamil Nadu.

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Jan 22, 2019 - 04:09 pm

India ventures building a state-backed “Gigafactory”

The LIBCOIN consortium is negotiating with the Indian government on the construction of the first “Gigafactory” for battery cells in India. The plan involves building the battery factory with the state-owned Indian company Bharat Heavy Electricals.

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Dec 1, 2018 - 02:33 pm

EV Motors India plans to install 6,500 charging parks

EV Motors India plans to use a cooperation with DLF, Delta Electronics and ABB India to set up a brand name PlugNgo, which will install more than 6,500 EV charging parks across India over the next five years. They will equip major cities in India with multiple charging parks each, and are calculating an investment […]

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Oct 12, 2018 - 04:54 pm

BYD to construct 500 electric buses for India

The joint venture of Goldstone and BYD now called Olectra-BYD has signed a contract with the north Indian state of Uttarakhand to deliver 500 electric buses. The contract is valued at about 82 millions euros.

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Oct 12, 2018 - 02:34 pm

Honda to introduce another hybrid for India

The Indian subsidiary for Honda is considering investing more than 1.2 billion dollars (863 million euros) to set up an affordable hybrid personal vehicle on the market in India, next to several new combustion models.

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Aug 15, 2018 - 03:32 pm

Exicom to set up EV infrastructure in India

Exicom of India has made the winning bid for setting up electric vehicle charging stations in Madhya Pradesh, India. The offer for the NTPC Tender includes 120kW and 50kW charging stations and DC chargers of CCS standard for electric buses.

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Aug 9, 2018 - 05:33 pm

Ikea opens in India with EVs and solar panels

Swedish furniture maker Ikea has opened their first store in India as planned. The centre in Hyderabad offers electric vehicles in their delivery fleet and uses solar power. Their targets to deepen their green stance are ambitious.

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Aug 8, 2018 - 06:16 pm

Delhi Metro introducing e-rickshaws on the last mile

SmartE, one of India’s largest EV fleet operators has intensified their latest deal with the Delhi Metro Rail Corporation (DMRC). They installed electric rickshaws at a metro station to provide passengers with electric transport on the last mile.

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Aug 6, 2018 - 05:00 pm

India changing focus of new electric vehicles policy

India’s government is preparing a new EV policy that will move away from a pan-indian into a more focussed approach. Rather than trying to inspire a transition to electric transport nationwide, they are planning to concentrate on pilot projects in major urban centres.

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Jul 25, 2018 - 04:50 pm

India reduces taxes for separately sold EV batteries

The Indian government has lowered the VAT tax for separately sold batteries designated for electrified vehicles from 28 to 18%. The tax rate for batteries already integrated into their vehicles is still clearly lower though, standing at 12%.

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Found on electrive.com
https://www.electrive.com/2019/07/02/ola-electric-mobility-becomes-indias-newest-unicorn/
02.07.2019 23:50