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Tag: mobility

  • Navigating data ownership, security and privacy in electric vehicle ecosystem • EVreporter

    The EV ecosystem of tomorrow is paved with data. The standardization of data ownership, robust security protocols, and clear data privacy regulations will be the cornerstones of this future.

    Ravikiran Annaswamy, CEO and co-founder of Numocity, writes about initiating dialogue and action to ensure data privacy and protection as the ecosystem evolves.

    Imagine hitting the road in your shiny new electric vehicle (EV). The battery purrs silently, and the GPS guides you effortlessly. But behind the scenes, a hidden world of data whirs to life. There is a continuous flow of data, from your vehicle’s battery health to vehicle performance, to the visited charging stations, payment details & some Personally Identifiable Information (PII), all moving into data centres or cloud systems for storage and processing.

    Most companies believe data is the key to monetization. The amount of data collected is staggering. Experts predict a nearly sevenfold increase by 2030 up to 5 Exa Bytes (5000 million GB). This data will provide valuable insights but also present numerous challenges. This stored data paints a detailed picture: battery performance monitored by vehicle manufacturers (OEMs), charging grid details and usage managed by charger manufacturers, and even the location, payment and user information stored by charging stations.

    The question remains: who owns this data, and how safe is it?

    Currently, the data landscape is an open field. Vehicle companies traditionally lay claim to the data their vehicles generate. However, fleet operators with large numbers of EVs are increasingly challenging them as the data generated by the fleets as their own which will help them to operate the business much more efficiently.

    This challenge over data ownership remains unresolved due to the lack of clear policies, guidance, and regulations. A lack of clear global policies adds another layer of complexity. Many countries, including India, are pushing for data localization, wanting EV data to be stored securely within their borders.

    Upcoming regulations for data privacy

    Privacy is paramount. Imagine someone knowing about your every move on the road, combined with your payment details and other personal information. This is why regions like the EU have strict data protection regulations like GDPR (General Data Protection Regulation).

    India is on the cusp of introducing its own data protection legislation, the Data Protection and Data Privacy (DPDP) bill, which is expected to be enacted in the coming years. This bill will include key provisions to safeguard individual privacy, enforce data localization, and impose penalties for data breaches. This will mandate data minimization, requiring EV operators to collect only necessary data with masked information and not monetise stored data. It emphasizes explicit user consent for data collection, enhancing transparency and trust. The Act also grants users rights to access, correct, and erase their data, obliging EV service providers to facilitate effective data management.

    Cybersecurity measures are essential

    Data security is just as crucial as information; as data zips through the air, robust cybersecurity measures are essential. Think of them as digital guardrails protecting the data flow.

    In the EV Charging ecosystem, newer standards like OCPP 2.0.1 act like a vigilant patrol car, constantly checking IDs and encrypting messages to ensure only authorized parties access your data. ISO 15118 offers secure, automatic EV identification and authorization through its Plug & Charge feature. It ensures secure communication with digital certificates and protects data integrity and confidentiality with robust encryption and signing mechanisms. Both OCPP and ISO 15118 use strong encryption, scrambling the data into an unreadable code. This makes it impossible for anyone snooping to steal your information, just like a locked safe keeps your valuables secure at home. These standards also enhance the user experience and provide advanced management functionalities, including user-friendly interfaces, intelligent charging features like load management and remote diagnostics, and comprehensive monitoring tools for CPOs. Additionally, securing the On-Board Diagnostics (OBD) port in your vehicles acts as a digital lock, preventing unauthorized access.

    Looking ahead

    The future of data security in the EV ecosystem hinges on the development and implementation of comprehensive data privacy and security frameworks. Imagine all the involved stakeholders – vehicle and charger manufacturers, governments and others – working together. Standardization of data ownership, robust security protocols, and clear data privacy regulations will be the
    cornerstones of this future.

    Governments worldwide are beginning to recognize the importance of data security, and they are expected to introduce new policies aimed at protecting the vast amounts of data generated by the EV ecosystem. These policies will likely focus on data localization, cybersecurity, and privacy, ensuring that data remains secure and is used responsibly. As we navigate the challenges and opportunities of the EV revolution, securing the vast and diverse data within the ecosystem will be crucial. By prioritizing data privacy and security and fostering collaboration between all stakeholders, we can build a resilient and trustworthy EV ecosystem for the future.

    The EV ecosystem of tomorrow is paved with data. By prioritizing privacy, implementing robust security, and establishing clear ownership, we can ensure a smooth and secure journey for everyone.

    This article was first published in EVreporter July 2024 magazine.

    Also read: ABB acquires a controlling stake in Bangalore based Numocity

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  • Depreciation benefits will ignite auto demand: FADA

    We urge the Finance Ministry to introduce the benefits of claiming depreciation on vehicles for individuals paying income tax – Manish Raj Singhania, president, FADA

    Tax Net

    • Current corporate tax at 25% on turnover upto Rs400 cr
    • FADA wants this benefit to all LLPs, proprietary partnership firs

    New Delhi: Automotive dealers body FADA on Friday urged the government to introduce vehicle depreciation benefits for individual taxpayers, saying it will not only expand the taxpayer base, but also ignite automobile demand.

    In its pre-budget wishlist, the Federation of Automobile Dealers’ Associations (FADA) also asked the finance ministry to reduce corporate tax for LLPs, proprietary, and partnership firms. “We urge the Finance Ministry to introduce the benefits of claiming depreciation on vehicles for individuals paying income tax,” FADA President Manish Raj Singhania said in a statement.

    Allowing individuals to account for depreciation will not only increase the number of income tax filers, but also ignite automobile demand, he reasoned. Singhania also recommended reduction of corporate tax for LLPs, proprietary, and partnership firms.

    “While the government has already reduced corporate tax to 25 per cent for private limited companies with a turnover of up to Rs400 crore, extending this benefit to all LLPs, proprietary and partnership firms is crucial, as most traders within the auto dealership community fall into these categories,” he noted.

    FADA strongly appeals to the government to consider these two key measures in the upcoming budget to stimulate the automotive industry and broader economy, Singhania said. Finance Minister Nirmala Sitharaman is slated to present the Union Budget for 2024-25 on July 23.

  • Hyundai Motor union secures wage deal without strike for 6th consecutive year

    Seoul, July 13: Hyundai Motor’s labour and management have concluded their wage negotiations without a strike for the sixth year in a row, agreeing on the highest wage increase in the company’s history.

    The union said on Saturday its members have voted to accept a tentative wage deal reached earlier in the week.

    Under the agreement, Hyundai will increase workers’ basic monthly pay by 4.65 percent, or 111,200 won ($81), and give a one-off performance-based bonus equivalent to 500 percent of the basic monthly salary, plus 18 million won, to each worker.

    In addition, each employee will receive 25 shares in the company, reports Yonhap news agency.

    The company also agreed to extend the maximum period for retired skilled workers to be reemployed as contract-based workers from the current one year to two years.

    The agreed-upon wage increase is the highest in the company’s history.

    With the unionised workers voting in favour of the deal, the carmaker has concluded wage bargaining without a strike since 2019.

    The deal was reached just two days ahead of the union’s planned strike. It reportedly withdrew the strike plan after management agreed on the highest-ever wage raise and the two-year reemployment programme for skilled retired workers.

    “The union and the management will faithfully carry out their social roles as members of the global community and prepare together for a better future,” the automaker said in a statement.

    Both sides will hold a signing ceremony for this year’s wage deal on Monday.

  • Automobile sales grew 3%: SIAM

    New Delhi: Riding on overall economic growth, especially in the rural markets, the Indian automobile industry saw a robust performance across all segments in the first quarter of the current fiscal (FY25), including passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers, data released by the Society of Indian Automobile Manufacturers (SIAM) said on Friday.

    In the passenger vehicles segment, sales surpassed one million units in Q1 FY25 for the first time.

    According to SIAM, sales grew by 3 per cent compared to the same period last year, reaching a total of 1,026,006 units. The growth was driven primarily by utility vehicles, which saw an 18 per cent increase, and even vans, which rose by 9.2 per cent.

    The two-wheeler segment also experienced substantial growth, with sales rising by 20.4 per cent to nearly five million units.

    Scooters led this charge with an impressive 28.2 per cent growth, while motorcycles and mopeds also posted significant increases.

    The three-wheeler segment saw a 14.2 per cent growth, reaching 165,081 units, the highest ever for Q1, driven by both passenger carriers and goods carriers.

    “The automotive sector shows resilience and adaptability, and is poised to continue its upward trajectory benefiting from both domestic demand recovery and favourable export conditions,” said SIAM President Vinod Aggarwal, citing positive monsoon forecasts and the festive season as potential growth drivers.

    Commercial vehicles also showed positive momentum with a 3.5 per cent increase in sales, totalling 224,209 units.

    In June, the Indian auto industry produced 2,336,255 units of passenger vehicles.

    When it comes to exports, passenger vehicle exports grew significantly by 18.6 per cent over the April-June period, with utility vehicles contributing a substantial 40.2 per cent. “The export of M&HCVs and LCVs grew by 11.3 per cent and 6.3 per cent respectively,” the report noted.

  • Need sops for EV push: SIAM

    New Delhi: Auto industry body SIAM on Friday sought sops to promote EVs and suggested the government to bring in additional incentives for scrapping of vehicles in the upcoming Budget.

    The Society of Indian Automobile Manufacturers emphasised on a growth oriented Budget with focus on greater allocation for capital expenditure.

    “We are expecting that the government should come up with a FAME-3 like policy. Good schemes like PLI are already in place, which we are sure will continue,” SIAM President Vinod Aggarwal told reporters here.

  • Automobile sales jump in Q1 FY25 over economic growth, rural demand: SIAM

    New Delhi, July 12: Riding on overall economic growth, especially in the rural markets, the Indian automobile industry saw a robust performance across all segments in the first quarter of the current fiscal (FY25), including passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers, data released by the Society of Indian Automobile Manufacturers (SIAM) said on Friday.

    In the passenger vehicles segment, sales surpassed one million units in Q1 FY25 for the first time.

    According to SIAM, sales grew by 3 per cent compared to the same period last year, reaching a total of 1,026,006 units.

    The growth was driven primarily by utility vehicles, which saw an 18 per cent increase, and even vans, which rose by 9.2 per cent.

    The two-wheeler segment also experienced substantial growth, with sales rising by 20.4 per cent to nearly five million units.

    Scooters led this charge with an impressive 28.2 per cent growth, while motorcycles and mopeds also posted significant increases.

    The three-wheeler segment saw a 14.2 per cent growth, reaching 165,081 units, the highest ever for Q1, driven by both passenger carriers and goods carriers.

    “The automotive sector shows resilience and adaptability, and is poised to continue its upward trajectory benefiting from both domestic demand recovery and favourable export conditions,” said SIAM President Vinod Aggarwal, citing positive monsoon forecasts and the festive season as potential growth drivers.

    Commercial vehicles also showed positive momentum with a 3.5 per cent increase in sales, totalling 224,209 units.

    In June, the Indian auto industry produced 2,336,255 units of passenger vehicles.

    When it comes to exports, passenger vehicle exports grew significantly by 18.6 per cent over the April-June period, with utility vehicles contributing a substantial 40.2 per cent.

    “The export of M&HCVs and LCVs grew by 11.3 per cent and 6.3 per cent respectively,” the report noted.

  • 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).