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Category: Auto & Electric Mobility

  • Hyundai Motor, labour union agree to hire 1,100 new plant workers by 2026

    Seoul, June 28: Hyundai Motor and its labour union on Friday reached an agreement to hire 1,100 new manufacturing workers by 2026.

    The agreement was reached in the tenth round of negotiations related to wages and working conditions held at the company’s plant in Ulsan, 299 kms southeast of Seoul, reports Yonhap News Agency.

    The two sides had previously agreed to hire 300 new production workers next year.

    On Friday, they agreed to increase the company’s plant workforce by an additional 500 workers next year and by 300 in 2026.

    The union has been demanding an increase in hiring, considering how around 2,000 production workers retire each year, and to prepare for the company’s launch of a new electric car factory in Ulsan in 2025.

    The latest round of talks came after nearly 90 per cent of unionised workers earlier this week voted in favour of a walkout following a collapse in the annual wage negotiations.

    The union has yet to decide whether to actually carry out the strike.

    If executed, the walkout would be the first for the company in six years.

    Hyundai Motor’s union has not carried out a strike in the past five years, taking into consideration various factors, such as the Covid-19 pandemic and national trade issues.

  • Silveline Power inks $135 mn deal for EVs

    New Delhi: Electric motorcycle company Silveline Power on Wednesday said that it entered into a Technology License Agreement worth $135 million with SRAM & MRAM Group for Hydrogen fuel-based electric vehicles (EVs).

    Through this collaboration, SRAM intends to scale up the manufacturing and commercialise it. This will be a step further in SRAM’s contribution to the ‘Green and Clean Energy’ and ‘Aatma Nirbhar Bharat Abhiyan’.

    As major economies aim to meet global emission norms and adopt green energy, the government is committed to achieving Net Zero emissions by 2070. In this context, SRAM’s innovators have spent the past decade developing disruptive technologies and have now achieved success with hydrogen fuel cell technology.

  • Hyundai debuts Casper Electric SUV, showcases Genesis concepts

    New Delhi, June 26: Hyundai Motor on Thursday unveiled its Casper Electric sub-compact sport utility vehicle (SUV), the latest in the automaker’s strengthening electric vehicle (EV) lineup.

    Unveiled at the ‘2024 Busan International Motor Show’, the Casper Electric is the electrified version of the Casper first introduced in 2021, but with a suite of overhauled improvements.

    Compared to the existing Casper, the EV features a body lengthened by 230 millimeters and a width widened by 15 mm, allowing improved space utilisation and driving stability.

    Its front and rear turn signal lamp design incorporates a pixel graphic theme similar to Hyundai’s Ioniq models, presenting a striking EV design, reports Yonhap news agency.

    The Casper Electric is equipped with a 49kWh nickel-cobalt-manganese (NCM) battery, offering a driving range of up to 315 kms on a single charge. Additionally, it can be charged from 10 per cent to 80 per cent in just 30 minutes.

    Furthermore, it features a V2L (vehicle-to-load) function, allowing the car to supply 220 voltage power to external devices.

    The trunk length has also been increased by 100 mm, expanding the cargo space by 47 liters from the original Casper.

    The interior features a 10.25-inch LCD cluster, navigation system and an electronic gear shift column. Additionally, the steering wheel’s center features four pixel lights that show the charging status, voice recognition and other functions.

    Hyundai Motor will receive preorders for the long-range model next month and plans to sequentially introduce other trim models later on.

    Hyundai also showcased other key electric models, including the Ioniq 5 and 6, the Kona Electric, the ST1 commercial delivery model and the hydrogen-powered Xcient fuel cell truck.

  • ExxonMobil to supply U.S. produced Lithium to SK On • EVreporter

    ExxonMobil, an international energy and petrochemical company, has signed a non-binding MoU with SK On, an EV battery developer, to potentially supply up to 100,000 metric tons of Mobil™ Lithium from its upcoming Arkansas project. This collaboration aims to support U.S.-based EV battery manufacturing, aligning with ExxonMobil’s goal to provide lithium for approximately 1 million EV batteries annually by 2030 and bolster the American EV supply chain.

    Lithium demand is increasing due to its importance in EVs, electronics, and energy storage systems. ExxonMobil plans to extract lithium from underground saltwater deposits in Arkansas using Direct Lithium Extraction (DLE) technology, aiming for more efficient and environmentally sensitive production methods compared to traditional hard rock mining. ExxonMobil intends to utilize subsurface exploration, drilling, and chemical processing capabilities for MobilTM Lithium production, offering U.S. EV battery manufacturers a secure, lower-carbon lithium supply option. They have successfully produced lithium carbonate from the Smackover formation in southern Arkansas through an appraisal drilling program and technology pilot with DLE.

    “The world needs more lithium to support its emissions goals, and we’re doing our part to drive solutions forward in the United States,” said Dan Ammann, President of ExxonMobil Low Carbon Solutions. “This collaboration with SK On demonstrates the leading role we play in the growing market for domestically sourced lithium, a market that’s advancing energy security and climate objectives, as well as supporting American manufacturing.”

    In the U.S., SK On operates two battery plants in Commerce, Georgia, and plans to build four additional plants through joint ventures with Ford Motor Co. and Hyundai Motor Group. By 2025, SK On’s annual production capacity in the U.S. is projected to exceed 180 GWh, capable of powering approximately 1.7 million EVs annually, as claimed by the official statement.

    “SK On has been working with global partners to secure key battery raw materials in a move to support our growing U.S. manufacturing base and lead electrification in the region,” said Park Jong-jin, Executive Vice President of Strategic Procurement at SK On. “Through this partnership with ExxonMobil, we will continue strengthening battery supply chains in the U.S.” 

    Also read: Dealing with Lithium-ion/EV battery fires: safety guidelines

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  • Kia’s nationwide ownership service camp week from June 27 to July 3

    Hyderabad: Kia India will organise an ownership service camp at all authorised Kia service outlets nationally between June 27 and July 3. The nationwide after-sales initiative aims to enhance customer engagement, promote aftersales services, and build stronger relationships with Kia vehicle owners, a media release states.

    Customers will benefit from a range of exclusive services crafted to ensure the optimal performance and longevity of their vehicles. These include complimentary 36-point health checks covering critical areas such as the vehicle’s exterior, interior, engine bay, underbody, and road tests. Customers will also receive a complementary AC disinfectant and car wash service for long-term maintenance.

    Along with free car check-up and wash, the company is also offering discounts on various aftersales initiatives, including a 20 per cent discount on car care services, a 10% discount on retail Road Side Assistance (RSA) plans, and a 5 per cent discount on accessories.

    Myung-sik Sohn, Chief Sales Officer, Kia India said, “Customer satisfaction is extremely important to build a sustainable brand. And, we are committed to ensuring our customers enjoy the highest levels of safety, comfort, and convenience throughout their ownership journey with these service camps.”

    The service camps will include interactive discussions on the state-of-the-art vehicle technology, driving tips, essential do’s and don’ts for vehicle maintenance, a free evaluation of used car prices and Kia’s exchange service. The company will also host CSR-focused activities like blood donation camp and free eye check-up, demonstrating its commitment to both vehicle excellence and community welfare.

  • Hyundai, Kia, Tesla, Volkswagen to recall over 456,000 vehicles for faulty parts

    Seoul, June 26: Hyundai Motor, Kia and two other carmakers will voluntarily recall more than 456,000 vehicles due to faulty components, the transport ministry here said on Wednesday.

    The four companies, also including Volkswagen Group Korea and Tesla Korea, will voluntarily recall 456,977 units of 11 different models, the Ministry of Land, Infrastructure and Transport said in a statement.

    The problems that prompted the recall include a design flaw in the engine starter motor in 236,518 units of two Hyundai Genesis models, posing a fire risk. Also 18,397 units of the hybrid version of Hyundai’s Santa Fe SUV were found to have a software error in the electronic brake system.

    Kia will recall 157,188 units of its Sportage SUV due to the poor durability of its hydraulic electronic control unit, reports Yonhap news agency.

    Volkswagen will recall 4,886 units of the ID.4 model due to a software error in the information and electronics control unit, and Tesla will recall 2,819 units due to an error in the seatbelt warning systems in four models.

    Last month, Hyundai Motor, Kia and two other carmakers recalled over 7,700 vehicles due to faulty components.

  • Castrol to invest USD 50M in Gogoro’s battery swapping ecosystem • EVreporter

    Castrol, a company specializing in lubricants and part of the bp group, has announced an investment of up to USD 50 million in Gogoro Inc. (Nasdaq: GGR), a technology company in battery-swapping ecosystems for urban mobility solutions.

    The initial investment of USD 25 million will be made by Castrol Holdings, an affiliate of Castrol, in ordinary shares of Gogoro. A second USD 25 million investment in the form of a convertible note is anticipated, contingent on certain transactions related to their business collaboration.

    The first tranche will result in Castrol acquiring approximately 5.72% of Gogoro’s outstanding ordinary shares, marking Castrol’s initial move to diversify beyond its core lubricants and fluids business under its new strategy, ‘Onward, Upward, Forward’. Gogoro aims to promote sustainable two-wheeler transportation in densely populated cities through its battery swapping platform for lightweight urban vehicles.

    “Two-wheelers are a critical part of our global product portfolio and as our customers transition to electric two-wheelers the Castrol brand has an important role to play in the eco-system,” said Michelle Jou, CEO Castrol. “Gogoro is a global leader in two-wheeler battery swapping and our investment in Gogoro is a strategic step towards diversifying our portfolio, remaining relevant in our customers’ lives, embracing new opportunities to future-proof our iconic 125-year-old brand and to create additional value for our shareholders.”

    “Gogoro’s proven battery swapping platform and smart electric two-wheeler vehicles have demonstrated how cities can be transformed when given access to smart, sustainable and convenient portable power. This investment by Castrol is a testament to this success and enables us to expand even faster,” said Horace Luke, Founder and CEO of Gogoro.

    Also read: Gogoro partners with HPCL to introduce battery swapping at fuel retail outlets

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  • EV industry expects stronger push for ‘Make in India’ in upcoming budget

    The industry is hopeful that the upcoming FAME-III scheme will include subsidies for electric two-wheelers, making them more affordable and attractive to consumers

    India’s EV industry has high expectations from the upcoming budget. Under Prime Minister Narendra Modi’s government, promoting green mobility through EVs has always been a key focus. In fact, in the previous budget, commendable steps were taken towards a greener future by supporting EV manufacturing and expanding charging infrastructure across the country.

    Talking to Bizz Buzz, Ravi Machani – Co-Founder Investor, Tresa Motors said, “As the incumbent government begins its third term, the commitment to green mobility is expected to intensify further, with a strong emphasis on ‘Make in India’ initiatives.”

    These policies are expected to boost domestic EV production and create a robust ecosystem for EVs in India, with a strong focus on securing a reliable supply chain for EV materials. By focusing on resources available within India for cell manufacturing, the government aims to reduce reliance on imports and make the nation more self-sufficient, he said.

    Furthermore, the EV industry expects the government to offer incentives for heavy commercial vehicles (HCVs), thus encouraging the mining, steel, cement and logistics industries to transition from diesel-powered to eco-friendly electric HCVs. These measures will not only make these sectors more sustainable but also significantly contribute to India’s overall goals for green mobility.

    Ashok Vashist, Founder & CEO at Wise Travel said, “We believe that subsidies should not merely incentivize purchase but should reward usage. It’s crucial that subsidies are directed towards the operators, not just the manufacturers. This ensures that the benefits trickle down to those who actively contribute to reducing emissions and promoting sustainable mobility.”

    Subsidies should be based on the utilization of the vehicles, rewarding operators who integrate EVs into their fleets and maximize their usage. This way, the subsidy becomes a tool for promoting actual impact rather than mere ownership.

    As we look to expand our electric fleet, we hope that the budget and FAME 3 will prioritize operators who demonstrate commitment to sustainability. Those who merely purchase EVs for show should not be the primary beneficiaries. Instead, subsidies should reward those who utilize these vehicles extensively, thereby maximizing their environmental and economic benefits, he said.

    The electric vehicle revolution in India has gained remarkable momentum over the past two years, propelled by the government’s visionary FAME-I and FAME-II initiatives. We applaud these policies that have catalyzed the nation’s transition towards clean mobility.

    “As the interim budget for 2024-25 demonstrated, the government’s commitment to bolstering India’s EV ecosystem extends far beyond these initial schemes. The increased focus on domestic manufacturing and charging infrastructure development is a testament to their unwavering support for this critical industry,” Aditya Singh Ratnu, Co-Founder and CEO of ZEVO said.

    While these measures are commendable, we believe there is still room for improvement. One area that requires urgent attention is the inclusion of electric two-wheelers under the FAME subsidy umbrella. Extending subsidies to two-wheelers would not only reduce manufacturing costs but also open up investment opportunities, and encourage consumers to invest in these vehicles.

    Initial reports do indicate that the highly anticipated FAME-III scheme is on the horizon, and is to receive a substantial budget allocation of around Rs 10,000 crore. This scheme is expected to support electric two, three, and four-wheelers, marking a significant milestone in India’s EV journey. We eagerly await the details of this initiative, as it will lead to a strong transition away from traditional Internal Combustion Engine vehicles and further strengthen the EV ecosystem, paving the way for the next 10 years.

  • PV sales will see 3-5% growth in FY25

    Mumbai: Passenger vehicle sales is projected to grow at a moderate 3-5 per cent this financial year on account of a high-base effect of FY24, shrinking order book and subdued demand for entry-level variants, a report said on Monday.

    According to the report by credit ratings agency CareEdge, following robust growth of 90 per cent with volumes at 90,432 units in FY24, with an improving penetration rate, electric car sales in the passenger vehicle (PV) segment is likely to clock volume of around 1.30-1.50 lakh units in FY25. In FY22 and FY23, the PV industry experienced substantial year-on-year volume growth due to pent-up demand post-Covid recovery and new product introductions, it said. Utility vehicles played a significant role, with volumes increasing by 41 per cent in FY22 and 33.2 per cent in FY23.

    The industry benefitted from lower interest rates and an increased desire for personal mobility in the wake of the pandemic, CareEdge said. According to CareEdge, utility vehicles contributed 10-15 per cent of total passenger vehicle sales until FY12. It grew at a compound annual growth rate (CAGR) of 15.51 per cent between FY13 and FY24, as consumer preference shifted towards utility vehicles that offered better and innovative designs, new models, technological, functional and safety features. For the past decade, the utility vehicles segment has consistently outperformed the passenger vehicle industry growth rate. In FY24, for the first time utility vehicles sales volume stood higher than passenger cars and vans, it said. Currently, utility vehicles account for over 55 per cent of all new PV sales and its share in overall passenger vehicle (PV) sales is expected to further rise over the medium-term, CareEdge said.

    “The PV industry is expected to exhibit moderate volume growth of around 3-5 per cent in FY25 on account of a high-base effect of FY24, shrinking orderbook and expectation of persistently subdued demand for entry-level variants in FY25,” said Arti Roy, Associate Director at CareEdge Ratings.

  • Tata Motors launches Altroz Racer: A comprehensive review

    Tata Motors, a prominent name in the Indian automotive industry, has added a new feather to its cap with the launch of the Altroz Racer. This new variant of the Altroz hatchback is tailored for those who crave performance and style. The Altroz Racer combines a powerful engine, sporty aesthetics, and advanced features, positioning itself as a top contender in the premium hatchback segment.

    Performance and Powertrain

    The Altroz Racer is powered by a robust 1.2-litre turbocharged petrol engine, which significantly enhances its performance capabilities. This engine produces an impressive 120 Ps at 5500 rpm and a peak torque of 170 Nm between 1750 to 4000 rpm. These figures promise a thrilling driving experience, whether you are navigating urban traffic or cruising on the open highway. The inclusion of a 6-speed manual transmission further adds to the car’s dynamic driving appeal, offering smooth and precise gear shifts.

    One of the standout features of the Altroz Racer is its sporty exhaust note. This not only enhances the auditory experience for the driver but also adds to the overall sporty character of the vehicle. The combination of power, torque, and the sporty exhaust ensures that every drive is an exhilarating experience.

    Design and Styling

    The Altroz Racer’s exterior design is inspired by race cars, making it visually distinct and appealing. It features aggressive front and rear bumpers, sleek lines, and racer-specific badging. The car is available in three striking colours: Pure Grey, Atomic Orange, and Avenue White, each of which enhances its sporty aesthetics.

    The Altroz Racer continues the sporty theme inside with a cabin that features contrast stitching, a flat-bottom steering wheel, and exclusive Racer branding on the seats and interior trims. The use of premium materials throughout the interior ensures a high-quality feel, making every journey comfortable and enjoyable.

    Advanced Features and Technology

    The Altroz Racer is packed with features designed to enhance both convenience and safety. The centerpiece of the dashboard is a 26.03 cm infotainment touchscreen, which supports Apple CarPlay and Android Auto, ensuring seamless connectivity and entertainment on the go. Additionally, the car is equipped with a 360-degree camera, making parking and manoeuvring in tight spaces an easier feat.

    Comfort is a priority in the Altroz Racer. It comes with ventilated seats, which are especially useful during hot weather. The vehicle also features six airbags as standard, underscoring Tata Motors’ commitment to safety. Other notable features include a wireless charger, iRA connected car tech, and an air purifier, making the Altroz Racer one of the most feature-rich hatchbacks in its segment.

    Variants and Pricing

    The Altroz Racer is available in three variants: R1, R2, and R3, each offering a unique set of features to cater to different customer preferences. Here’s a breakdown of the introductory ex-showroom prices in Delhi:

    R1: ₹9,49,000

    R2: ₹10,49,000

    R3: ₹10,99,000

    Each variant builds upon the previous one, adding more features and conveniences. The R1 variant comes with R16 alloy wheels, six airbags, leatherette seats, and a 26.03 cm infotainment system with wireless Android Auto and Apple CarPlay. The R2 adds an electric sunroof with voice assist, a wireless charger, a 17.78 cm TFT digital cluster, and more. The top-of-the-line R3 includes iRA connected car tech, front ventilated seats, an air purifier, and additional advanced features.

    Additional Variants and Powertrain Options

    In addition to the Racer, Tata Motors has also introduced two new variants (XZ LUX and XZ+S LUX) and upgraded one variant (XZ+OS) in the Altroz range. These new variants are available in multiple powertrain options, including petrol manual, petrol DCA, diesel, and CNG powertrains, offering customers a wide range of choices to suit their preferences.

    Customer and Market Positioning

    According to TATA Motors, Altroz has already garnered a significant customer base, with over 2.5 lakh happy customers. It has set benchmarks in the premium hatchback segment in India with its design, features, performance, and safety. The Altroz was the first hatchback in India to earn a 5-star Global NCAP safety rating and is the first CNG car in the country to feature twin-cylinder technology. It is also the only hatchback that offers a host of powertrain options for its customers to choose from.

    The launch of the Altroz Racer is a testament to Tata Motors’ commitment to innovation and catering to diverse customer needs. With its powerful engine, sporty design, advanced features, and robust safety credentials, the Altroz Racer is poised to set a new benchmark in the premium hatchback segment. It offers a compelling package for those who seek performance and style without compromising on practicality and safety.

    During the launch of the Altroz Racer, Mr. Vivek Srivatsa, Chief Commercial Officer of Tata Passenger Electric Mobility Ltd., emphasised the vehicle’s appeal by highlighting its exceptional power and innovative features. He remarked that the Altroz Racer is designed to infuse daily driving with excitement, catering to the modern, connected, and style-conscious generation seeking a distinctive car that sets them apart.

    With the introduction of the Altroz Racer, Tata Motors continues to push the boundaries of what a premium hatchback can offer, ensuring that it remains a preferred choice for discerning customers in India.