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Category: Auto & Electric Mobility

  • Flag-off ceremony of 140+ electric cars for ride hailing service

    Mumbai, Jul 11: As part of the EV4ECO scheme for electric mobility ecosystem, Small Industries Development Bank of India (SIDBI), the country’s apex financial institution for MSMEs, and BluSmart, India’s largest EV ridehailing service, flagged off 140+ electric cars in presence of representatives from the Indian government and multilaterals. The ABCD (Aaओ Bनाए Cलीन Diल्ली) tagline of SIDBI is for increasing the EVs on Delhi Roads. SIDBI brings expertise of channelising financial and developmental support in green areas and also supports other lenders by reducing their perceived risks (through risk sharing facility) so that more lending can happen for EVs. Delhi EV Policy has been most progressive EV policy in India. The ABCD initiative will compliment EV policy and it is a responsive step to reduce the air pollution from country’s capital and make Delhi clean capital.

    Prakash Kumar, DMD, SIDBI said “SIDBI, being development financial institution (DFI), has taken proactive steps to green the enterprise ecosystem with its developmental and financial engagements. It has always remained at the forefront when it comes to promoting new technologies among the MSMEs through its innovative approach. SIDBI is engaged in several activities and expanding its horizon in the space of Greening the Ecosystem at all fronts be it startup, MSMEs, rural /unserved/underserved segments/pockets/artisan clusters and so on. We have commenced our journey to become “Green Bank”. SIDBI has understood the key challenges in the electric vehicle financing and henceforth, created unique schemes for EV ecosystem to support the adoption and streamline the finance for EV startups as well. SIDBI is pleased to support the BluSmart in their journey of zero emission ridehailing service.”

    Dr RK Singh, CGM, SIDBI said “India has set ambitious climate change mitigation targets and has committed to low-carbon growth in the transport sector. To support India’s commitment to EV30@30, it was strategized to conduct country-wide consultations across the EV value chain. SIDBI has launched the EV4ECO & EV-RSF schemes to enable the affordable financing of electric vehicles. These initiatives will also contribute to the reduction in vehicular emissions and reduce the operating cost in the logistics sector.”

    SIDBI is committed to compliment EV30@30 and is supporting the MSMEs in adoption of green technology in their operations. We have formulated other initiatives to encourage other lenders to enable the financing thorough Risk Sharing Facility and is proactive to support the women entrepreneurs in rural areas by enabling affordable finance for transitioning to electric vehicles used by them.

    Anmol Jaggi, Co-founder, BluSmart said “At BluSmart, our mission is to ‘Decarbonize Mobility at scale’ and SIDBI with its unique ABCD initiative supporting EVs is fuelling our growth in Delhi NCR and helping in accelerating the adoption of EVs contributing to the reduction of carbon emissions from the transportation sector.”

  • Analog Devices Expands its Presence in India with New Centre in Hyderabad

    Analog Devices, US-based semiconductor company, sees significant growth opportunities in the Indian market.

    Already established in Bengaluru and Gandhinagar, the company plans to open a new centre in Hyderabad.

    Vivek Tyagi, MD of Field Sales at Analog Devices India (ADI) said that in the past eight months, Analog Devices grew its headcount by 30% in India, emphasising its focus on the region.

    The company employs about 1,500 people in India, with around 1,200 being engineers. Tyagi noted the growing electric vehicle market in India, especially the two-wheeler segment, where over 10% of sales are electric.

    The EV industry forecasts that 50% of two-wheelers sold will be electric in India by 2030. Electrification trends and higher semiconductor usage in electric cars are key drivers.

    Tyagi also emphasised the contribution of electronic systems to India’s GDP, estimated at $300 billion.

    He highlighted the company’s focus on technological innovation, including the wireless battery management system (BMS), first shipped in 2021.

    Srinivas Prasad, senior director and India Site Head, stated that Analog Devices will continue to invest in assets, sales, and infrastructure in India.

    Analog Devices reported an annual revenue of $12.3 billion in the last year and is leveraging Artificial Intelligence.

  • Five automakers to recall over 1,56,000 cars for faulty parts

    Seoul, July 11: Kia, Nissan Korea and three other carmakers will voluntarily recall more than 1,56,000 vehicles due to faulty components, the transport ministry here said on Thursday.

    The five companies, also including Hyundai Motor Co., Porsche Korea and Toyota Motor Korea Co., will recall 1,56,740 units of 32 different models, the Ministry of Land, Infrastructure and Transport said in a statement.

    The problems that prompted the recall include poor durability of the electronic control hydraulic unit of 1,39,478 units of the Sorento SUV model, reports Yonhap news agency.

    Also, 8,802 vehicles across eight Nissan models, including the Q50 model, were found to have defective manufacturing of the propeller shaft.

    Hyundai’s luxury brand Genesis will recall 2,782 GV70 units due to defective engine ignition connection bolts. Porsche Korea will recall 2,054 vehicles across 17 models, including the 911 Carrera 4 GTS Cabriolet, due to a safety issue involving the lane-keeping function.

    Toyota Korea will recall 737 vehicles across three models, including the Prius 2WD, due to a defect in the rear door external handle, the ministry said.

  • Demand for electric buses to remain robust in India

    Focus on Cleaner Transportation

    • 10,000 electric buses will operate under PM e-bus Sewa Scheme

    • These eco-friendly vehicles are set to hit the roads in 2024

    • Number of EV registrations increased from 217 to 3,400 units in FY24

    New Delhi: The demand for electric buses is expected to remain robust in the coming years due to the growing focus on cleaner transportation systems and various government initiatives, a report showed on Wednesday.

    Last year, the government unveiled the PM e-bus Sewa Scheme, allocating a substantial $2.4 billion to deploy and operate 10,000 electric buses through a public-private partnership model across 169 eligible cities. These eco-friendly vehicles are set to hit the roads in 2024, with full deployment anticipated by 2026.

    According to the report by CareEdge Ratings, between FY21 and FY24, the EV segment experienced substantial growth, despite its smaller share in overall commercial vehicle (CV) sales.

    “Key indicators of this growth include increased adoption rates and a rising market share, aided by the gradual expansion of the EV infrastructure. Notably, this transition to EVs is particularly evident in the e-bus and light commercial vehicle (LCV) categories,” the report noted.

    In FY24, registrations of electric heavy passenger vehicles (e-HPVs), primarily large electric buses, surged significantly. The number of registrations increased from a mere 217 units in FY21 to an impressive 3,400 units in FY24.

    Registration of electric light passenger vehicles (e-LPV) also surged from 360 units to more than 10,500 units during the aforementioned period, the report noted.

    A surge in demand for electric buses across major cities in India is likely to support the growth of CV going ahead.

    The increase in demand for electric buses across India can be attributed to various factors, including rapid urbanisation leading to an increase in demand for sustainable and cleaner public transportation systems, heightened environmental concerns, large oil import bills due to diesel-run vehicles, technological advancements and improvements in battery charging infrastructure.

    Further, the Indian government, recognising the need for cleaner public transportation, has rolled out several initiatives to promote electric mobility. These include the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme and the National Electric Mobility Mission Plan (NEMMP).

  • Part of February Plans, Unrelated to UP Policy

    Indian automobile giant Mahindra & Mahindra has announced exciting news for SUV enthusiasts.

    The company has introduced a special price reduction for one of its flagship models, the Mahindra XUV700.

    As part of a promotional offer in celebration of the SUV’s third anniversary, the top AX7 variant is now available starting at Rs 19.49 lakh.

    This limited-time price cut comes as the XUV700 reaches a significant milestone, having recently rolled out its 200,000th unit in less than three years.

    Beginning July 10, the special pricing will be available for a period of four months.

    This move not only celebrates the SUV’s success but also aims to attract new customers.

    “The celebratory pricing and new colours reflect Mahindra’s gratitude towards its customers for their support and trust in the XUV700. The refreshed pricing aims to make the XUV700 even more accessible to a broader range of customers while providing exceptional value,” the automaker said in a statement.

    In addition to the price reduction, Mahindra has expanded the XUV700’s colour options with the introduction of two new colour options: Deep Forest and Burnt Sienna.

    This addition brings the total number of colour choices for the SUV to nine, offering customers a wide range of colour options to suit their personal preferences.

    With price reductions, the XUV700 has become an attractive option for people looking to buy a new SUV.

    Mahindra & Mahindra stated on Wednesday that its recent price reduction for XUV700 variants is not connected to Uttar Pradesh’s electric vehicle/hybrid vehicle policy.

    The company emphasised that the price cut is part of its strategic plan, driven by earlier material cost savings.

    Uttar Pradesh’s EV policy details:

    Uttar Pradesh, India’s second-largest car market, has eliminated registration fees for strong hybrid and plug-in vehicles, lowering their ownership cost by 10%.

    Presently, electric vehicles are taxed at 5%, whereas hybrids incur a 43% tax.

  • LOHUM to procure black mass from UK-based Recyclus • EVreporter

    LOHUM, a Delhi-based lithium-ion battery recycler, has signed a black mass offtake agreement with Recyclus Group Ltd, a subsidiary of Technology Minerals Plc. Recyclus focuses on creating a sustainable circular economy for battery metals and operates in the UK.

    Under this agreement, Recyclus will sell black mass produced at its lithium-ion battery recycling facility in Wolverhampton to LOHUM’s facility in India. This arrangement aligns with LOHUM’s strategy to source black mass from multiple partners to build its inventory. Black mass contains essential metals, including lithium, manganese, nickel, and cobalt, which can be reprocessed and reintroduced into the battery manufacturing supply chain. Recyclus has achieved a 47% recycling rate from end-of-life batteries to black mass at its Wolverhampton facility, as claimed by the company statement.

    The partnership with LOHUM originated from Recyclus’ academic collaboration with the University of Birmingham, which included hosting a delegation from India. This collaboration and Recyclus’ participation in the UK and Indian Governments’ Innovating for Transport and Energy Systems (ITES) scheme have strengthened the relationship with LOHUM. The partnership aims to develop trade links and advance electrification. Together, LOHUM and Recyclus form a closed-loop materials ecosystem where Recyclus produces black mass and LOHUM extracts critical materials.

    According to the official statement, LOHUM’s NEETM multi-stage Hydrometallurgical process recovers energy transition materials with a 95% yield and 99.5% purity rate. The company has partnerships with international and Indian EV brands, battery manufacturers, and materials companies, including Mercedes Benz Energy, MG Motor India, Log9, Ather, Vecmocon, Altigreen, and Stellantis India & Asia. LOHUM has also partnered with entities in Nepal’s EV ecosystem, including MG Nepal and Tata Motors Nepal.

    Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: “We are delighted to secure our first black mass offtake agreement with Lohum Cleantech, India’s largest producer of sustainable energy transition materials. It is a strong endorsement for our battery recycling process and demonstrates the demand for black mass, which contains minerals crucial for the battery manufacturing sector and green transition. We are seeing increased commercial traction for our recycling solutions, and this deal further underscores our potential to build international trading partners as the world shifts to electrification.”

    Rajat Verma, Founder & CEO of LOHUM expressed- “We applaud Recyclus’ success in extracting black mass with viability, and this partnership will effectively help both companies close the loop on battery raw materials. This partnership is also one of the world’s first examples of a circular materials ecosystem consisting of multiple recyclers in the same loop. The black mass recovered by Recyclus will be further refined at LOHUM to yield various critical minerals vital to the energy development and energy security of nations worldwide.”

    Also read: LOHUM to produce LMFP Li-ion batteries | Appoints Chaitanya Sharma

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  • Xiaomi Showcases SU7 Electric Vehicle in India

    Xiaomi showcased its electric vehicle, the SU7, in Bengaluru on Tuesday, but has no plans to launch it in India.

    In the electric vehicle market segment, Xiaomi’s SU7 could compete with BYD’s Seal, Hyundai’s Ioniq 5, and Kia’s EV6.

    “The SU7 was brought to India solely for showcase purposes. It is not for sale in the Indian market,” Xiomai said.

    SU7 Specifications

    The SU7, a sports sedan, is Xiaomi’s first electric car and is priced under $30,000 (around Rs 25 lakh).

    The car comes in two versions: one with a range of up to 668 km and another with a range of up to 800 km.

    It is 4,997mm long, 1,963mm wide, and 1,455mm tall, with a 3,000mm wheelbase.

    The Xiaomi EV features a 105-liter front trunk and a 517-liter boot.

    High-Performance Variant

    The SU7 Max Performance variant includes a 101 kWh battery, offering a range of 800 km.

    It has a dual-motor system producing 663 bhp, with a top speed of 265 km/h and can accelerate from 0 to 200 km/h in 10.67 seconds.

    Fast Charging Capabilities

    The SU7 Max can gain 510 km of range in 15 minutes of charging, while the standard SU7 can boost its range by 350 km in the same time.

  • Quarterly India EV sales snapshot









    Quarterly India EV sales snapshot | Q1 FY 2024-25 • EVreporter


























































    ELECTRIC VEHICLES CATEGORY-WISE SALES TREND

    Q1 FY 23-24 to Q1 FY 24-25 (EV sales – April 2023 to June 2024)

    Source: EVreporter Research, Vahan and Telangana open data portal. Low-speed 2W data not included.

    Observations:

    • After a regular increase in quarterly sales over the last three quarters, Q1 FY24-25 registered a marked decline in EV sales. YoY sales increased by 3.5%, while QoQ sales declined by 20.5%.
    • Only the e-cart category registered a QoQ increase (8%). The rest of the categories suffered a QoQ decline, including a notable 48.5% decline in the L5N category. E-2W sales witnessed a QoQ decline of 26.5%
    • Looking at YoY changes, L5M was the highest gainer, with a 122.6% rise in EV sales, followed by e-carts registering a 64.8% increase in sales over the year.

    Category-wise Trend in Leading Indian States for Q1 FY25

    Source: EVreporter Research, Vahan and Telangana open data portal. Low-speed 2W data not included.

    Observations:

    • Uttar Pradesh accounts for the highest share (19%) of EVs sold, with 78,259 units in Q1 FY 24-25. Of the total EVs sold in Uttar Pradesh, 59.8% (46,810 units) are pax e-rickshaws.
    • E-2W sales are highest for Maharashtra, Karnataka, Tamil Nadu, Uttar Pradesh, and Rajasthan, accounting together for 50.9% of high-speed e-2W sales for the quarter.
    • Uttar Pradesh and Bihar have the maximum sales in the e-rickshaw category, with a sales share of 42.8% and 16.3%, respectively, of all e-rickshaws sold in Q1 FY24-25.
    • Maharashtra registered the highest sales of e-4Ws, with 3,356 units sold for Q1 FY 24-25, followed by Kerala and Karnataka, with 2,803 and 2,779 units sold, respectively. Maharashtra also saw the highest e-Bus sales, with 191 units.

    Note: EV sales Q1 2024-25 full report will be added to EVreporter Data Portal by July 21

    Also read: India’s Electric Vehicle sales trend | June 2024

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  • BMW launches Monsoon service campaign

    Gurugram. BMW Group India has announced the launch of Monsoon Service campaign across its dealer network. This special initiative will be held across India and will ensure complete car readiness for the upcoming monsoon season.

    Daniel Lugonjic, Director – Customer Support, BMW India said, “BMW Group is committed to ensuring that our customers’ vehicles are in peak condition to handle the unique weather challenges. Our Monsoon Service Campaign is tailored to provide thorough inspections, maintenance, and necessary upgrades to enhance the safety and performance of BMW and MINI cars. We understand the importance of reliability and peace of mind for our customers, and this campaign underscores our dedication to providing exceptional service and support. With a dedicated team of trained technicians, specialised workshop technologies and original BMW Parts, we ensure you can enjoy relaxing journeys.”

    Monsoon Service camp is conceptualized to offer useful information and tips on effective vehicle management, on-time maintenance and overall understanding of BMW and MINI vehicles. The program provides a comprehensive vehicle check and, if required, a basic Condition-Based Service as well, ensuring that the car is in top condition. The service is conducted by certified BMW and MINI technical experts. Customers can book prior appointments for car servicing at the workshop and be able to check and update their personal details to receive special promotions and offers from their dealer.

    Following are the complimentary services that will be carried as part of the campaign:

    – Windscreen wipers check.

    – Function check of washer system.

    – Washer fluid level.

    – Rain light sensor check for auto wiper and auto headlight operation.

    – Check of all front and rear lights.

    – Alignment of headlights and fog lights.

    – Horn: Function test.

    – Micro filters condition check and replace if necessary.

    – Weather strips check of doors and trunk lid.

    – Sunroof cover seals, drainpipes and trunk lid ventilation check.

    – E-Box (Engine control unit box) cleaning.

    – Inspection of dummy steering gromet on engine firewall.

    – Electrical plug connections in engine compartment and vehicle underbody check.

    – Tyres check tread depth (min. 3mm), damages (e.g. cuts, bulges), irregular wear and correct tire pressure.

    – Visually inspecting exhaust system for any leaks or breakage.

    – Visual inspection of belt drive and damper pulley for cracks.

    – Checking charging cable and high voltage charging socket for damage, corrosion and wear (BEV / PHEV).

    – Vehicle underbody incl. all visible parts: Check for damage, correct position, corrosion and tightness (BEV / PHEV).

    BMW Group India urges its customers to be cautious while driving during heavy rains and around waterlogged areas. Customers are advised not to attempt to re-start the engine of a stalled vehicle to avoid damage to the engine. Affected customers can call BMW/ MINI Roadside Assistance at 18001032211 or Customer Interaction Centre at 18001022269 for assistance.

    BMW Group India is the pioneer in bringing luxurious dealerships to India and has set a decisive course by setting up BMW dealerships of international standards across the country. Currently, BMW Group India has 44 service centres across 36 cities in India.

  • Maruti Suzuki Swift surpasses 3 mn sales mark in India

    New Delhi, June 28: The Maruti Suzuki Swift has achieved a new milestone of three million sales in India, the company said on Friday.

    The launch of the Epic New Swift in May has created new benchmarks and propelled the revered Swift legacy to its three million sales milestone, according to the company.

    “With each new generation, the Swift has continued to raise the bar, offering cutting-edge technology, contemporary style, and that unmistakable ‘Swift DNA’ which continues to captivate customers,” Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said in a statement on Friday.

    “This accomplishment fills us with immense gratitude, and we are thankful to all Swift owners across the country,” he added.

    Inspired by the iconic Suzuki Hayabusa motorcycle, the Swift was launched in 2005 with segment-first features such as climate control, airbags and an anti-lock braking system (ABS).

    The brand has achieved over 6.5 million sales globally, with India being Swift’s largest market.

    The Swift surpassed one million sales in 2013 within eight years since its introduction, and the two million sales mark was breached in 2018, the company mentioned.

    In May, the carmaker launched the fourth generation Epic New Swift at a starting price of Rs 6.49 lakh (ex-showroom) in the country.