NITI Aayog And TIFAC Launch Report On Future Penetration Of Electric Two-Wheelers In Indian Market
NITI Aayog and TIFAC launched a report titled ‘Forecasting Penetration of Electric Two-Wheelers in India’, on 28 June. Using a tool made by NITI Aayog and TIFAC, eight scenarios have been developed for analyzing the future penetration of electric two-wheelers in the country. In an optimistic scenario, the report forecasts a 100% penetration of electric two-wheelers in the Indian market by FY 2026–27. In another scenario, which is technology driven and where current incentives are withdrawn by 2024, the report predicts 72% penetration by 2031. During the launch of the report, NITI Aayog CEO Amitabh Kant said, “This report provides a much-needed tool to the industry, researchers, academicians, and policymakers to analyze and respond to various scenarios. It can be replicated easily in other segments too, such as four-wheelers, without any hassle.”
Haryana Approves Electric Vehicle Policy 2022
The Haryana government approved the State Electric Vehicle Policy 2022, which offers several financial incentives for electric vehicle manufacturers. This decision was made at a meeting under the Chairmanship of Chief Minister Manohar Lal Khattar, the Haryana state cabinet. The EV policy provides financial incentives for EV manufacturers through incentives on net SGST, fixed capital investment (FCI), employment generation, and stamp duty among others. For a period of 20 years, stamp duty will be refunded 100% and electricity duty will also be exempted. For a period of 10 years, the SGST reimbursement will be 50% of the net SGST applicable. Manufacturers of electric vehicles and components, as well as charging infrastructure and EV batteries, shall be eligible for capital subsidy.
MSEDCL To Set Up 2 Electric Vehicle Charging Stations In Nashik
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) will set up 2 electric vehicle charging stations in Nashik which will be easily accessible to the general public. An MSEDCL official said, “One of many charging stations will likely be arranged on the sub-station on Indira Nagar-Pathardi street within the metropolis and the spot for the second sub-station is being finalized.” He added, “The criteria for organising the charging station is being mentioned. It’s primarily for guests who’re coming to Nashik in an EV. As such Indira Nagar-Pathardi space is one sport the place the EV charging station with a number of ports will likely be arranged and the second possible be on Gangapur Street space which is abuzz with the motion of the vacationers.”
goEgoNetwork To Install EV Charging Stations At VITS-Kamats Group Hotels Throughout The Country
goEgoNetwork, an electric vehicle charging infrastructure startup based out of Pune, will install EV charging stations at VITS-Kamats Group hotels throughout the country as part of an initial agreement, according to a statement. According to goEgoNetwork, charging stations can charge all brands of electric vehicles. They are also accessible via the goME app which gives owners real-time notifications about charging status. It said that the installations will give a boost to the country’s EV charging infrastructure. This comes when both central and state governments are focused on the adoption of electric vehicles across many industries, including the hospitality industry.
ZERO21 Launches Two New Electric Three-Wheelers In India
ZERO21 Renewable Energy Solutions, a Hyderabad-based energy solution provider unveils its two new electric three-wheelers for cargo and passenger segment at Zahirabad facility, Telangana. ZERO21 was founded by an ex-Tesla executive and it has launched Teer and Smart Mule-X models. The company also manufactures electric kits for electric vehicles to convert old diesel and petrol vehicles. “The addition of Teer and Smart Mule-X would substantially widen our product portfolio, which consisted of our high-speed ReNEW conversion kit and low-speed category vehicles like Smart Mule cargo-passenger.”
Omega Seiki Mobility To Establish A Retrofit Facility Near Chandigarh
Omega Seiki Mobility, an EV maker will establish a retrofit facility near Chandigarh to convert internal combustion engine-powered vehicles (ICE) into electric vehicles. The total investment for this is USD 25 million. Chairman Uday Narang said that the facility will be operational by December. Narang stated that although financing is still a problem for EV customers, retrofit makes these vehicles affordable to those who wish to switch to electric vehicles, especially at a time when petrol prices and diesel prices have risen. Faridabad-based Anglian Omega Group currently produces cargo and passenger electric three-wheelers as well as small commercial vehicles M1KA. It is also working on launching an electric two-wheeler and trucks with a higher range.
Tata Motors Collaborates With Amity University, Uttar Pradesh To Provide EV Degree To Its Employees
Tata Motors has partnered with Amity University, Uttar Pradesh, Lucknow to improve its employees’ technical skills. This collaboration aims to prepare them for the future. The auto manufacturer will offer a master’s degree in EV technology to all its employees at the Lucknow plant. The company-sponsored program is designed to improve employees’ technical skills and bridge the skill gap in the automotive industry. According to Tata Motors, the MTech degree program will provide the knowledge and skills necessary for the automotive manufacturing industry. The M-Tech program is divided into two parts. Technical orientation, the first one will be delivered via theoretical and practical sessions at the Tata Motors Campus or Amity University, Lucknow Campus.
Sundram Fasteners Bets Big On Electric Vehicles
Sundram Fasteners, the auto part main, is focusing heavily on inexperienced applied sciences such as electric automobiles and wind energy segments. Sundram Fasteners was awarded Rs150 crore in contracts for EV merchandise. The corporate’s Sri City unit began providing merchandise for hybrid and EV functions. He stated that the corporate expected to sign contracts worth more than Rs200 crore for new EV merchandise. The radiator cap division of the corporate exports to 21 giant EV manufacturers to an international degree. This includes 11 US-based EV producers. The software used by the corporation to manufacture parts for Superior Automotive Know-how (AAT), such as powertrain sub-assemblies, for EVs and internal combustion engines were approved. Over a period of five years, the corporate has planned to fund Rs 350 crore.
Atumobile Launches AtumVader High-Speed Electric Bike
Atumobile, a Hyderabad-based electric vehicle manufacturer, launches its latest ‘AtumVader high-speed e-bike’ at a special early bird price, Rs 99,999. The company was awarded the Automotive Research Association of India’s (ARAI) nod earlier this month for the new cafe-racer model. Atumobile’s first electric bike, Atum 1.0, was launched in October 2020. It was a low-speed cafe racer model that has sold more than 1,000 units, according to a statement. AtumVader boasts a range of 100km on one charge and a top speed of 65 km/hour with a battery pack of 2.4 kWh.
ElectriVa To Establish 12 EV Charging Stations In Kanpur
ElectriVa, an electric vehicle charging company will establish 12 EV charging stations in Kanpur, Uttar Pradesh. This is in line with the municipality of the city’s plan to set up charging stations. Kanpur Municipal Corporation has given the contract to ElectriVa. Out of 12 EV charging stations, most charging stations will be fast chargers for passenger and commercial electric vehicles. “We have a target of providing EV charging facilities in the top 100 cities of the country in the next year. We are already the largest player in Delhi and NCR. In the next three years, ElectriVa will set up, operate and maintain more than one-fourth of total EV stations in India,” said Sumit Dhanuka, Founder, ElectriVa.