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Tata AutoComp signs JV with Prestolite Electric to supply EV powertrain solutions in India
Tata AutoComp Systems entered into a joint venture with Chinese supplier Prestolite Electric Beijing on Friday to design, engineer, manufacture and supply powertrain solutions for the Indian electric vehicle market. The joint venture will have access to technologies for various powertrain products like motors, controllers as well as integrated drivetrain (integrated motor, inverter and transmission), Tata AutoComp said in a release.
Hyundai May Roll Out Sub-Rs 10 Lakh Electric Vehicle Soon
Korean carmaker Hyundai is planning to drive a sub-Rs 10 lakh electric car in the Indian market soon, an official said. Hyundai is planning to bring green vehicles in India, and working on an electric car that will cost under Rs 10 lakh. The company’s current electric vehicle Kona mini SUV costs upwards of Rs 23 lakh and has received a lukewarm response.
Mahindra Electric to Expand Business, Targets Investors and New Partnerships
Mahindra Electric is open to partnerships and investors, according to a report by a business daily. It cited expansion plans and scaling up its operations as the primary reason for the strategic investment. Until now, M&M was the major investor in the EV entity. Mahindra Electric aims to share its EV technology with the companies outside of its parent company. For this, it is planning to start with Mahindra’s South Korean subsidiary SsangYong. At the upcoming Auto Expo, the EV maker is set to make several announcements regarding charging solutions and infrastructure. Besides, three new electric vehicle options are also likely to be unveiled.
India’s Motive to go Electric can Stumble Due to Lack of Lithium
India’s ambition of becoming a global hub for making electric vehicles faces one major hurdle: its lack of access to lithium. With meager resources of lithium, the mineral essential to make batteries for electric vehicles, it is having to scour for resources overseas. India’s EV production will rely on imports from China of lithium chemicals used to make cathodes and battery cells.
MG ZS EV receives 2,409 bookings in 27 Days
MG Motor India has registered 2,409 bookings for its upcoming electric SUV ZS EV in 27 days since the bookings commenced, claims the automaker in a release. The carmaker has received these bookings in five cities that include Delhi-NCR, Mumbai, Ahmedabad, Bangalore and Hyderabad. It also claims that the first round of bookings has received more orders than the total number of electric cars sold in India in 2019. Maximum bookings for the SUV came from the IT sector. Bengaluru has emerged as the top market for the ZS EV followed by Hyderabad. Also, 40 per cent of the bookings have been received online.
Ashok Leyland and ABB Partner to Develop Fast Charging for Electric Buses
Ashok Leyland and ABB Power Grids have signed a Memorandum of Understanding (MoU) to expand the e-mobility ecosystem in the country by providing environment-friendly electric buses in India. The partnership will work on the development of a pilot electric bus based on ABB’s flash charge technology ‘TOSA’, which charges the battery in a short time as passengers get on and off the bus. The company says that this new technology cuts the hassle of taking the bus to the charging station every few hours for charging, cutting down on the size of the fleet and, at the same time increasing passenger-carrying capacity.
Amazon India in Plans to Add 10,00 electric vehicles to its delivery fleet by 2025
Amazon India announced on Monday that its fleet of delivery vehicles in the country will include 10,000 electric vehicles (EVs) by 2025. The move follows successful pilots across different cities last year, learnings from which have helped Amazon India create scalable and long-term EV variants to build this fleet, the online retailer said. These EVs are in addition to the global commitment of 100,000 electric vehicles in the delivery fleet by 2030, announced in the Climate Pledge signed by Amazon. The fleet of 10,000 EVs will include 3- and 4-wheeler vehicles that have been designed and manufactured in India. This year, these vehicles will operate in over 20 cities including Delhi NCR, Bengaluru, Hyderabad, Ahmedabad, Pune, Nagpur, and Coimbatore.