INTERNAL COMBUSTION ENGINE
As normalcy returns, automakers plan big EV launches in 2021
On the infrastructure front, state-run Energy Efficiency Services Limited (EESL) has set itself a target of setting up 10,000 charging stations in the coming three years.
View: India's planned electric vehicle journey has many dead ends. Here's how to navigate them
Shifting to EVs will not be automatic or probl...
Pandemic likely to delay penetration of electric vehicles: Ind-Ra
The coronavirus pandemic is expected to delay the penetration of electric v...
Ather Energy rolls out assured buyback scheme for e-scooter model
Under the assured scheme, aimed at accelerating EV adoption in the country, Ather Energy will buy back Ather 450X e-scooter at Rs 85,000, at the end of three years, Tarun Mehta, co-founder and CEO, Ather Energy, said at a virtual press conference.
Tax cuts not best way to revive auto demand: Toyota Kirloskar MD Masakazu Yoshimura
Breaking from industry consensus and taking a line different from his own company executives, Toyota Kirloskar Motor MD Masakazu Yoshimura told ET that rather than lowering taxes, incentivising consumers to scrap older vehicles and buy new ones is the best way to stimulate demand.
Penetration of electric vehicles to remain low in medium-term in PVs, CVs: ICRA
The ratings agency further said the modality of vehicle financing in a battery-swappable model, where core battery is owned/leased by a third party and financiers only have control over residual vehicle, is another challenge.
Tata Motors plan to achieve net debt zero target by FY24
Tata Motors approach to achieve a near net debt zero target by FY24, is primarily pivoted on revenue improvement, cost-cutting, and capex control plans laid out for four key businesses (including NBFC), said PB Balaji, CFO - Tata Motors at a recent meeting hosted with a group of investors.
Most Indian customers could consider buying an electric vehicle by 2022: Study
As per the report, on an average consumers in India said they would consider purchasing an EV by 2022. This is two years earlier than the global average of 2024. However, two thirds (67 per cent) of consumers in India said they are adopting a "wait and see" approach. Over 40 per cent of fleet managers said they are waiting for competitors to make the switch before they do.
Honda, General Motors sign deal to work on vehicles together
The companies say planning discussions on jointly-designed vehicles will start immediately and include vehicles powered by both electricity and internal combustion engines. Engineering work would begin early next year. Honda and GM say in a statement Thursday that they'll also cooperate on purchasing, research and connected services.
Hero Electric partners with OTO Capital for flexible financing options for electric two-wheelers
The partnership will be live across 16 Hero Electric dealers in Bangalore and Pune, with a focus to expand across India in the next few months.
Electric vehicle startups hit hardest by virus outbreak
EV sales, like sales of traditional petrol and diesel-powered automobiles, are expected to remain subdued in the current fiscal year.
Tata Motors sees EV sales doubling in FY-21, to cross 1000 mark in FY-20
With the introduction of the compact Nexon EV SUV, which is targeted at personal buyers, the company is expecting its sales of EV models to double in the next fiscal year starting April 2020, president of electric mobility and corporate strategy Shailesh Chandra told ET.
Hero Electric to go ahead with expansion plan amid slowdown
MD Naveen Munjal told ET that although sales of electric two-wheelers were subdued in the first half of this financial year, the company expects demand to pick up substantially in the coming years as legacy players such as Bajaj Auto enter the segment.
Tax incentives likely for discarding vehicles older than 15 years
The government is examining a slew of measures to disincentivise use of older vehicles and encourage purchase of new ones.