Category: Auto Tech

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Auto Tech

Ola S1X New Model Conquers Range Anxiety: Bigger 4kWh Battery At Rs. 1.10 Lakh

Ola S1x E Scooter

Key Highlights

  • Ola S1X new model launched
  • Backed by a bigger 4 kWh battery pack
  • Is priced slightly higher compared to the 2kWh, 3kWh battery variant

Ola S1 electric scooter lineup is catering to almost all audience category in India. The S1X e-scooter is an option for budget-conscious consumers which now will be available in two different versions. Ola has just launched a new variant of the S1X loaded with a bigger battery setup for an improved riding range on a full charge. Additionally, Ola has also announced a new extended battery warranty program for the S1 e-scooter owners. Here are the latest updates:

Also Read: Electric Vehicle (EV) Stocks Surge Following Indian Budget Declaration: Here’s Why

Ola S1X Electric Scooter New Model: What’s Different Than The Standard Version?

Ola S1X (New Model)Improved Powertrain
Battery 4kWh
Motor power6 kW
Range 190 km per charge (IDC)
Acceleration 0-40 kmph in 3.3 seconds

The latest Ola S1X e-scooter model gets a larger battery pack. This affordable electric scooter can now be purchased with a 4kWh battery option. Previously available models of the Ola S1X are available with a 2kWh and a 3kWh battery capacity. With this, buyers will get to select from three different battery pack variants of the S1X e-scooter.

The bigger battery pack of the Ola S1X also offers better riding range. It is claimed to deliver 190 km IDC range on a full charge. Except for the battery pack, the new models retains all the features from the existing models.

Even the design aspects remain same and this model too has a 4.3-inch digital instrument cluster without smart connected tech compatibility. The Ola S1X new model is driven by the same 6kWh powerful motor and can accelerate from 0-40 kmph in just 3.3 seconds.

Also Read: New Ola Electric Entry Level E-Scooter Patented: When Will It Launch?

Ola S1X New Model India Price

The latest Ola S1X electric scooter model with 4kWh battery pack is priced at Rs. 1.10 lakh in India. Buyers will get to opt from  Vogue, Midnight, Porcelain White, Stellar, Funk, Liquid Silver, and Red Velocity colour options.  

Also Read: Mahindra BE.07 Electric Coupe SUV Patent Image Out

New Ola S1 E-Scooter Extended Battery Warranty Program

Ola has also announced a new battery warranty scheme. Fir the first time, Ola will be offering extended battery warranty services for the S1 e-scooter series. In this new scheme, buyers will be able to purchase battery warranty extension of up to 1,25,000 km. The fee associated with this is Rs. 5,000.

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Auto Tech Featured

Bharat Mobility Global Expo EV Highlights: Tork Kratos R Sports E-Bike Showcased

Key Highlights

  • Tork has showcased Kratos R e-bike at Bharat Mobility Global Expo 2024
  • Comes in two variants
  • Delivers 105 kmph top speed

Bharat Mobility Global Expo 2024 kickstarted a day back with the “future of mobility” theme. Popular manufactures have lineup up their portfolio at the ongoing motor show. Passenger and commercial vehicle fleet have taken up the centerstage; so have the electrical vehicles. Tork Motors have also displayed the Kratos R electric motorcycle at the Bharat Mobility Global Expo 2024. From powertrain to pricing, we have mentioned all the relevant details below:

Also Read: Kia EV6 Arrives At Bharat Mobility Global Expo 2024

Tork Kratos R Electric Motorcycle At Bharat Mobility Global Expo

Tork had launched the Kratos R sports electric motorcycle last year in the Indian market. This premium e-bike is now up for display at the Bharat Mobility Global Expo 2024. Tork is showcasing its proficiency with developing quality EVs at the ongoing event with the Kratos R electric bike.

Notably, the Kratos R on display at the Bharat Mobility Global Expo is the same standard model as the one launched in the country last year. No new feature or design tweak is noticeable. So, we expect the powertrain assembly also remains the same as the available variant.

Also Read: Hero Electric Dirt Bike Introduced At Bharat Mobility Expo 2024: Expected Features, Price

Tork Kratos R Electric Motorcycle Powertrain And Features

Tork Kratos RPowertrain
Mortor 7.5 Kw
Torque28 Nm
Battery4 kWh
Range 120 km per charge
Top speed105 kph

Tork Kratos R is a capable electric motorcycle which is powered by a 7.5 kW electric motor that can produce a peak torque of 28 Nm. This e-bike is backed by a IP67-certified Li-ion battery which has 4 kWh capacity. It can deliver up to 120 km of real world riding range. As for the battery charing time, it takes approximately an hour for the battery to get 0- 80 percent charge.

The Tork Kratos R can reach up 105 kmph top speed and accelerate from 0-40 kph in just 3.5 seconds. It uses telescopic and monoshock absorber suspension module at the front and rear respectively. Whereas, single disc brakes (both front and rear) handle braking.

The model showcased at the Bharat Mobility Expo has the same set of advanced features which include regenerative braking for improved riding range, reverse parking mode, anti-theft alarm, crash alert, and multiple riding modes.

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Auto Tech Featured Info

Electric Vehicle (EV) Stocks Surge Following Indian Budget Declaration: Here’s Why

Key Highlights

  • Indian EV stocks surge after budget’s EV push.
  • Infrastructure push promises a convenient EV future.
  • Olectra, JBM Auto, and Greaves Cotton see big gains.

Investors in the electric vehicle (EV) space had something to celebrate yesterday as stocks in the sector surged following the government’s budget announcement. The budget, presented by Finance Minister Nirmala Sitharaman, outlined plans to accelerate India’s transition to electric mobility.

But is this just a temporary bump, or a signal of a long-term green wave? Let’s explore why you should consider adding Indian EV stocks after the budget boost.

Also Read: Budget 2024: Are TVs, Refrigerators, And Smartphones Set To Get Cheaper?

Budgetary Boost for EVs

  • Charging Infrastructure: The government pledged to support the development of EV charging infrastructure, a crucial factor for widespread EV adoption. This includes investments in setting up charging stations across the country, making it easier for people to own and use electric vehicles.
  • Electric Buses: The budget also emphasized the promotion of electric buses for public transport, potentially creating significant demand for EV manufacturers and component suppliers. This move aims to reduce emissions and improve air quality in cities.

Also Read: Tata Motors Unveils Future-Ready Magna EV, Ace EV Commercial Vehicle At Bharat Expo

EV Stocks on a Roll

News of the government’s commitment to EVs sent shockwaves through the stock market. Some key players witnessed impressive gains:

  • Olectra Greentech: The stock surged by a whopping 6.21%, reaching a new 52-week high.
  • JBM Auto: Shares climbed 4.96%, hitting a one-year peak.
  • Greaves Cotton: The company’s stock saw a 3% rise, reaching a day’s high.

Also Read: Skoda Enyaq EV Spotted In India, Fuels Anticipation For 2024 Debut

Beyond EVs: Budget’s Broader Green Focus

The budget wasn’t just about electric vehicles. It also included measures to promote other sustainable initiatives:

  • Compressed Biogas (CBG) Blending: The government mandated the blending of CBG into CNG, reducing dependence on fossil fuels and promoting renewable energy sources.
  • Biomanufacturing and Bio Foundry Scheme: This scheme aims to develop eco-friendly alternatives for producing biodegradable materials, further bolstering India’s green credentials.

Also Read: Skoda Enyaq EV Spotted In India, Fuels Anticipation For 2024 Debut

Looking Ahead

The budget’s focus on EVs and sustainability has sent a clear message: the government is serious about green growth. This is likely to fuel further investments in the EV sector, creating opportunities for companies and exciting prospects for investors. With the right policies and infrastructure in place, India could become a major player in the global electric vehicle market.

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Auto Tech Featured

Bharat Mobility Global Expo 2024: MG Motors Highlights ZS EV, Comet EV

Key Highlights

  • MG Motors have also participated at the Bharat Mobility Global Expo 2024
  • Have showcased MG ZS EV’s advanced feature suite
  • Cutting-edge battery technology for MG Motor EVs exhibited

Bharat Mobility Global Expo 2024 is witnessing a good footfall this year. Top auto brands have routed to this annual to showcase the future of mobility for the Indian market. A wide range of EVs and the new technologies shaping up the EV infrastructures have also been revealed. MG Motors at its pavilion have lined up its popular offerings including the ZS EV, Comet EV, Hector, and Astor.

Also Read: Kia EV6 Arrives At Bharat Mobility Global Expo 2024

MG ZS EV

MG ZS EVPowertrain
MotorAll-electric (front axle-mounted)
Battery50.3 kW
Range 461 km per charge

This is a mid-range electric SUV from MG Motors which is already available for purchase in India and has been exhibited at the Bharat Mobility Global Expo as well. The company has highlighted the innovative and advanced features which are being offered by the ZS EV.

The MG ZS EV gets a 6-way charging system which is one useful feature for the Indian consumers. Specifically considering the charging ecosystem is still evolving in the country. This feature adds to the utility and also takes care of the range anxiety with electric vehicles.

In addition to the advanced charging system, MG Motors have also showcased the state-of-art battery module and battery cell which is being harnessed by the ZS EV for enhanced safety and long range delivery.

This electric SUV is backed by a front-axle mounted motor and a 50.3 kW battery pack. It offers 461 km range on a single charge and delivers 176 bhp power, 280 Nm torque.

Also Read: Bharat Mobility Global Expo 2024: Ola Unveils Diamondhead, Roadster, Adventure Electric Bikes

MG Comet EV

MG Comet EVPowertrain
MotorSingle electric
Battery17.3 kWh
Range230 km per charge
Power42 bhp
Torque110Nm

MG Motor’s Comet EV has been a surprising entry in the Indian EV market. It is currently the most compact as well as affordable electric car in the country. A single electric motor drives this e-car producing 42 bhp of peak power and 110Nm torque.

The battery pack inside the MG Comet EV is a 17.3 kWh unit which allows it to deliver 230 km range on a full charge. This budget electric car features ABS+ EBD braking and McPherson Strut, multi-link coil suspension upfront and rear respectively.

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Auto Tech Featured

Tata Motors Unveils Future-Ready Magna EV, Ace EV Commercial Vehicle At Bharat Expo

Key Highlights

  • Tata Motors emphasizes ‘Made in India’ innovation at Bharat Mobility Expo 2024
  • Debuting Magna EV: a long-distance battery-electric coach
  • Ace EV introduced for sustainable urban cargo transport

Tata Motors proudly showcases its commitment to a ‘future-ready’ landscape at the Bharat Mobility Global Expo 2024, emphasizing the prowess of ‘Made in India’ engineering. The brand underscores its strengths in innovative design, human-centric approach, and cutting-edge engineering. The event features an extensive array of electric and hydrogen vehicles, spanning both passenger and commercial segments, alongside low-emission ICE solutions.

A highlight of the event is the debut of Tata Motors’ flagship battery-electric coach, the ‘Magna EV,’ designed for long-distance inter-city bus travel. Additionally, the company introduces the ‘Ace EV,’ an electric cargo solution tailored for urban transportation needs. Also Read | Bharat Mobility Global Expo 2024: TVS Showcases Apache Electric Racing Bike

Tata Ace EV

Ace EVPowertrain
Range154km
Power27 kW
Torque130 Nm
Battery21.3 kWh

Tata Ace EV, an urban cargo solution, boasts a 7-inch infotainment system and a new-gen instrument cluster. Accelerating from 0 to 30 kmph in just seven seconds, it adheres to IP67 waterproofing standards and exhibits best-in-class gradability at 22%. With a payload capacity of 600 kg and a gross weight of 1840 kg, its 21.3 kWh AC Induction Motor delivers impressive power and torque. Compliant with BS6 emission norms, the Tata Ace EV features a single-speed gearbox and a spacious load body of 7.2 x 4.9 ft, making it an efficient choice for diverse transportation needs.

Also Read | Hero Vida V1 Coupe DJ Jukebox Introduced At Bharat Mobility Global Expo 2024

Tata Magna EV

Magna EVPowertrain
Range145km
Power180 bhp
Torque850 Nm
Battery (Volts)12*2

The 13.5-metre Tata Motors Magna bus is powered by the advanced Cummins 6-cylinder engine. Passengers enjoy peace of mind with ABS and an anti-roll bar, while the parabolic leaf spring and rear air suspension guarantee a comfortable journey. Packed with technological features such as a gear shift advisor and Tata Motors’ Fleet Edge connectivity system, the bus prioritizes quality, unmatched passenger comfort, special fuel efficiency, and an economical total cost of ownership. Tata Motors stands behind the Magna bus with a warranty of 4 years or 4 lakh kilometers.

Also Read | Bharat Mobility Global Expo 2024: Ola Unveils Diamondhead, Roadster, Adventure Electric Bikes

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Auto Tech Gaming

Kia EV6 Arrives At Bharat Mobility Global Expo 2024

Key Highlights

  • Kia Motors has showcased EV6 at Bharat Mobility Global Exp
  • Is a premium electric SUV coupe
  • Offers 360 km range on full charge and 260kmph top speed

At the Bharat Mobility Global Expo 2024, auto brands are actively participating and exhibiting their portfolio with the range of passenger and commercial vehicles. Kia is also one of the brands which at the ongoing auto event have lined up its future-ready cars. The Kia EV6 is also spotted at the Bharat Mobility event which is priced starting at Rs. 60.95 lakh in India.

Also Read: Mercedes-Benz EQG Electric G-Wagon Concept Steals The Show At Bharat Expo 2024

Kia EV6 At Bharat Mobility Global Expo 2024

Kia EV6 is amongst the most premium electric SUV crossover available in the Indian market. It has stopped by the Bharat Mobility Global Expo 2024 demonstrating Kia’s expertise with high-end electric cars. This luxury electric crossover has a bold and aggressive styling which feels futuristic and advanced.

Also Read: Bharat Mobility Global Expo 2024: Ola Unveils Diamondhead, Roadster, Adventure Electric Bikes

Kia EV6 Key Features And Powertrain

Kia EV6Powertrain
Motor PMSM dual-motor setup
Power229 Ps
Torque 605 Nm
Battery74.3 kWh
Range 360 km on a full charge
Top Speed260 kmph
Acceleration 0-100 kph in 3.5 seconds

The Kia EV6 gets its power from a PMSM (permanent magnet synchronous) electric motor which produces 229 Ps of peak power. This dual-motor setup allows for AWD (All-wheel-drive) capabilities. It can generate up to 605 Nm peak torque and accelerate from 0-100 kmph in just 3.5 seconds.

Backing up the Kia EV6 premium electric SUV crossover is a 74.3 kWh battery pack which can be charged from 10-80 percent within 73 minutes using the 50kW DC fast charger. With the 350 kW DC fast charger, it takes around 18 minutes for 10- 80 percent charge. The EV6 delivers up to 360 km range on a full charge.

The top speed which the Kia EV6 can reach with full acceleration is up to 260 kph. It is loaded with several advanced features for a safe and convenient ride experience. Hill Assist Control, Multi Collision Brake Assist, front and rear parking sensors are some of the advanced safety features offered by the Kia EV6.

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Auto Tech Featured Info

Bharat Mobility Global Expo 2024: Ola Unveils Diamondhead, Roadster, Adventure Electric Bikes

Key Highlights

  • Ola showcases Diamondhead, Roadster , Adventure at the BMGE.
  • Diamondhead boasts 300+ km range & 150+ km/h top speed.
  • Roadster targets 200-220 km range & 130-140 km/h.
  • Adventure motorcycle gears up for rough rides with tall seat, spoked wheels & 250+ km range.

Ola Electric steals the show at the ongoing Bharat Mobility Global Expo 2024, unveiling three stunning electric motorcycles: Diamondhead, Roadster, and Adventure. Teased last year with estimated specs and prices, these powerful machines promise to redefine the Indian EV landscape. Let’s delve deeper into each of these exciting models:

Also Read: Bharat Mobility Global Expo 2024: TVS Showcases Apache Electric Racing Bike

1. Ola Diamondhead

Geared towards international markets, the Diamondhead boasts a striking, diamond-shaped front profile that exudes futuristic charm. Its aggressive stance, sharp edges, and minimalist design are reminiscent of the Tesla Cybertruck, making it a head-turner on any road.

Key Features:

  • Global Appeal: Designed with international markets in mind, catering to a wider audience.
  • Futuristic Design: Diamond-shaped front, sharp edges, and minimalist aesthetic.
  • High Performance: Expected range of 300+ km and a top speed of 150-170 km/h.
  • Unique Features: Belt-driven system, hub-center steering, and aerodynamic cowl.
  • Expected Price: Above Rs. 4 lakhs, positioning it as the flagship model.

Also Read: Bharat Mobility Expo 2024: Mahindra BE.05 Rall.E EV Concept Debuts

2. Ola Roadster

The Roadster embodies the spirit of urban riding with its sleek, sporty design and focus on performance. Its inverted fork, mono-shock suspension, and disc brakes on both wheels promise a thrilling yet comfortable ride.

Key Features:

  • Sporty Design: Inverted fork, mono-shock suspension, and disc brakes for a dynamic ride.
  • Practical Choice: Chain drive system and mid-mounted motor for efficiency and ease of maintenance.
  • Estimated Range: 200-220 km on a single charge, exceeding current Ola scooters.
  • Expected Top Speed: Around 130-140 km/h, offering exhilarating performance.
  • Expected Launch: End of 2024, with pre-booking starting 3-4 months prior.
  • Estimated Price: Starting from Rs. 2 lakhs, ex-showroom.

Also Read: Hero Vida V1 Coupe DJ Jukebox Introduced At Bharat Mobility Global Expo 2024

3. Ola Adventure

Designed for the adventurous soul, the Adventure boasts tall seat height, dual-purpose tires, spoked wheels, and impressive ground clearance for conquering any terrain. Its powerful electric motor and long range ensure you can explore further, fearlessly.

Key Features:

  • Adventure-Ready Design: Tall seat, dual-purpose tires, spoked wheels, hand guards, and high ground clearance.
  • Off-Road Prowess: Chain drive system, mid-mounted motor, USD forks, and 19″ front/17″ rear wheels.
  • Long Range: Expected range exceeding 250 km per charge, ideal for extended journeys.
  • Fast Charging: Equipped with fast charging technology for convenience.
  • Multiple Riding Modes: Likely to offer various modes for adapting to different terrains.
  • Expected Launch: End of 2024, potentially carving a new niche in the Indian market.
  • Estimated Price: Starting from Rs. 2.5 to 3 lakhs.

Also Read: Ather 450 Apex Vs Ola S1 Pro: Top Electric Scooters Comparison

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Auto Tech Featured Info

Bharat Mobility Global Expo 2024: TVS Showcases Apache Electric Racing Bike

Key Highlights

  • India’s first electric racing bike with class-leading power-to-weight ratio.
  • Class-leading performance & efficiency with 59kW motor & advanced battery tech.
  • Carbon fiber chassis, Ohlins suspension, & aerodynamic fairing for speed & style.

At Bharat Mobility Global Expo 2024, TVS Motor Company unveilied the Apache Electric Racing Bike (RTE). This marks a significant step forward for electric vehicle (EV) adoption in India, particularly within the high-performance racing segment.

Also Read: Bharat Mobility Expo 2024: All About Toyota’s Lexus UX 300e EV

Apache Electric Racing Bike: Specification

SpecificationValue
Peak Power59 kW at 400V DC voltage
CoolingLiquid
Maximum Motor Speed5500 RPM
Maximal Battery Voltage at Max Load500 VDC
Efficiency98%
Image captured by Giznext team present at Bharat Mobility Global Expo 2024

The TVS Apache RTE electric racing bike is a powerhouse on wheels, featuring a peak power of 59 kW at 400V DC voltage. With efficient liquid cooling, it can reach a maximum motor speed of 5500 RPM. Operating at a maximal battery voltage of 500 VDC, the bike boasts an impressive 98% efficiency. This technological marvel showcases TVS’s dedication to delivering a high-performance electric racing experience.

Also Read: Bharat Mobility Global Expo 2024: Skoda Enyaq EV Debuts In India – Price, Specs & More

Apache Electric Racing Bike: Other Features

  • Dominant Power: The liquid-cooled motor delivers a class-leading power-to-weight ratio, ensuring electrifying performance.
  • Advanced Battery Technology: The bike utilizes a high-performance power cell battery pack with cutting-edge chemistry for extended range and sustained power delivery.
  • Lightweight and Agile: The carbon fibre battery case doubles as a stressed member of the chassis, contributing to remarkable weight reduction and exceptional handling.
  • Superior Suspension: Ohlin’s bespoke front and rear suspension provide precise control and optimal stability during high-speed maneuvers.
  • Uncompromising Braking: Brembo’s top-tier braking system, featuring a 320mm front disc, calipers, and master cylinder, guarantees exceptional stopping power.
  • Aerodynamic Edge: The carbon fibre fairing boasts a best-in-class drag coefficient, minimizing wind resistance for maximum speed potential.

Also Read: Bharat Mobility Expo 2024: Mahindra BE.05 Rall.E EV Concept Debuts

Apache Electric Racing Bike: Expected Timeline, Price

While the Apache RTE (Racing Electric) was unveiled in September 2023, it’s crucial to remember it’s not a commercially available motorcycle for purchase. It’s a dedicated electric race bike designed for the TVS Racing Electric One Make Championship (e-OMC) in India.

Therefore, there’s no official timeline or confirmed launch date for a consumer version of the Apache Electric Racing Bike. Additionally, the mentioned price range of 50-60 lakhs wouldn’t be applicable as the e-OMC bike is not intended for individual sale.

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Auto Tech Featured

Hero Vida V1 Coupe DJ Jukebox Introduced At Bharat Mobility Global Expo 2024

  • Bharat Mobility Global Expo 2024 is live till February 3, 2024
  • Hero showcased DJ Jukebox compatible Vida V1 Coupe
  • Is a separate Jukebox setup that can be mounted on Vida V1 e-scooters

Automobile brands are showcasing their expertise with modern technologies at the ongoing Bharat Mobility Global Expo 2024. The annual auto tech show is being hosted in New Delhi starting today till February 3. Hero MotorCorp has showcased its first Vida-series electric dirt bike. Alongside, the brand also revealed Vida V1 Coupe DJ Jukebox. This new innovative feature allows mounting a music jukebox on the existing Vida V1 Pro e-scooters. Here are the details:

Also Read: Mercedes-Benz EQG Electric G-Wagon Concept Steals The Show At Bharat Expo 2024

Vida V1 Coupe DJ JukeBox Unveiled At Bharat Mobility Global Expo 2024

Vida V1 Coupe isn’t an entirely new electric scooter. Rather, it is the standard Vida V1 Pro with an added JukeBox console. The Vida V1 Coupe is essentially a single seat e-scooter unlike the existing model. But what sets it apart is the addition of a dedicated Jukebox at the place of pillion seat. The basic design language of the Vida V1 Coupe DJ Jukebox version is identical to the available models. No major changes.

However, the distinctive design element here is the addition of a dedicated Jukebox setup which is first-of-its kind for any electric scooter. Now, this is a creative idea from the brand that acknowledges the requirements for high-end entertainment module which has been missing from two-wheelers; specifically affordable models for long.

Also Read: Bharat Mobility Expo 2024: All About Toyota’s Lexus UX 300e EV

How Different Is Vida V1 Coupe DJ JukeBox Version Compared To Standard Vida V1 Pro

The concept Vida V1 Coupe as mentioned above will be the standard V1 Pro with the removed pillion seat. Instead of the rear pillion seat, the DJ JukeBox setup will be integrated. Notably, it isn’t a regular music speaker, rather a fully functional DJ JukeBox with mic support for Karaoke.

It appears that Hero wishes to elevate entertainment experience with this unique setup on the V1 Pro e-scooter. Besides this design addition, nothing else would be changed. Under the hood, powertrain will be the same as the currently available model.

Also Read: Maruti Suzuki eVX Electric SUV Marks Debut At 2024 Bharat Mobility Global Expo

When Will Vida V1 Coupe DJ Be Available For Purchase?

The availability of the Vida V1 Coupe DJ remains uncertain. With the brand showcasing it at the Bharat Mobility Global Expo 2024, we can expect it to be up for grabs soon. However, the exact timeline would be difficult to guess.

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Auto Tech Featured Info

Interim Budget 2024: Govt’s Big Plans To Supercharge Electric Vehicle Growth

Key Highlights

  • Budget 2024 prioritizes EV growth through manufacturing and charging support
  • 2023 sees substantial sales growth in EVs across categories
  • PLI and FAME schemes highlight strategic steps for boosting the EV ecosystem

In a significant announcement on Thursday, the government declared its commitment to expanding and fortifying the electric vehicle ecosystem in the country. The primary focus will be on supporting both manufacturing facilities and charging infrastructure, signaling a crucial step towards a sustainable and green transportation future. Also Read | EV Charging Tips And Tricks: Seven Ways To Find EV Charging Stations Across India

Encouraging Electric Buses In Public Transport

Underlining the government’s dedication to eco-friendly public transport solutions, Finance Minister Nirmala Sitharaman emphasized the encouragement of greater electric bus adoption. This will be simplified through the implementation of a payment security mechanism, promoting a cleaner and greener alternative for public transportation networks.

Impressive Growth In EV Sales

The decision comes on the heels of an impressive surge in EV sales throughout 2023. According to data from the Federation of Automobile Dealers Associations (FADA), electric passenger vehicles saw a remarkable 114.71% increase, electric commercial vehicles surged by 114.16%, electric three-wheelers grew by 65.23%, and electric two-wheelers climbed by 36.09%.

Strategic Initiatives For EV Growth

To push the growth of the EV ecosystem, the government has already introduced several strategic initiatives. The PLI schemes for the automobile and auto component sectors, as well as the ACC battery storage, aim to boost domestic manufacturing and attract investments in relevant value chains. The FAME scheme further supports EV adoption.

Financial Allocations And Scheme Progress

The PLI scheme for the automobile and auto component sectors boasts a total outlay of Rs. 25,938 crore over five years. With investments reaching Rs. 11,958 crore by Q2 FY24, the scheme has already gained traction. The PLI scheme for ACC battery storage, with a seven-year outlay of Rs. 18,100 crore, is also making strides, with approved firms gearing up for substantial investments.

Also Read | Winter Care Tips For Electric Vehicles: How To Keep Your EV Healthy In Cold Weather

FAME II Scheme Impact

Under the second phase of the FAME scheme, the government has provided subsidies amounting to Rs. 5,228 crore for the sale of 11,53,079 EVs as of December 1, 2023. The FAME II plan, with a budget of Rs. 10,000 crore over five years, aims to make public transportation electric. This includes buses, three-wheelers, cars, and bikes, along with building charging stations.

Charging Stations And Future Plans

In a notable move, the Ministry of Heavy Industries revealed that 148 EV public charging stations have been commissioned under the FAME II scheme. Additionally, a significant allocation of Rs. 800 crores was sanctioned to oil giants Indian Oil, Bharat Petroleum, and Hindustan Petroleum in March 2023 to establish 7,432 public fast-charging stations nationwide.

Outlook For Electric Buses

MHI disclosed that state transport undertakings, city transport undertakings, and municipal corporations have placed orders for 3,390 electric buses under the FAME II scheme. Out of these, 3,037 units have already been deployed, with plans for an additional 3,472 electric buses currently in progress through Convergence Energy Services Ltd (CESL).

Verdict

As Finance Minister Nirmala Sitharaman stated while presenting the Interim Budget 2024, the government’s overarching goal is to create a robust and sustainable EV ecosystem by supporting manufacturing and charging infrastructure, laying the foundation for a cleaner, greener, and technologically advanced future in the transportation sector.

Also Read | FAME II In Focus: Government Considers Extending Scheme For EVs In 2024 Budget