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Auto Tech Featured

Bajaj To Launch New Chetak Electric Scooter Model? ‘Vector’ Trademark Sparks Speculations

Key Highlights

  • Bajaj Auto’s recent filing of the ‘Vector’ trademark in India
  • It could be a sportier version of the Chetak EV
  • Possibly a rebadged model based on the Husqvarna Vektorr

Bajaj Auto has recently submitted a trademark application for the name ‘Vector’ in India, leading to widespread speculation about a potential addition to its Chetak line of electric vehicles. Let’s check out the details here. Also Read | Tesla’s India Entry At Risk: No Subsidies On EV Imports, What’s Next For Elon Musk?

Trademark Filing: A Hint At Bajaj’s Electric Scooter Expansion?

While the filing of a trademark does not guarantee the production of a specific model, two significant factors have fueled speculations. In 2020, Bajaj established Chetak Technologies, a subsidiary dedicated to the development of electric two-wheelers. During the same period, Swedish manufacturer Husqvarna unveiled the ‘Vektorr’ EV concept, believed to be based on the Chetak EV. This scooter was even seen undergoing tests on Indian roads alongside other Chetak e-scooters.

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

The KTM Connection: Could ‘Vector’ Be A Sportier Chetak EV?

Bajaj Auto holds a 48 percent stake in KTM AG, the parent company of motorcycle brands KTM and Husqvarna. This connection raises the possibility that ‘Vector’ might be a rebadged version of the Husqvarna Vektorr, potentially offering a sportier variant of the Chetak EV. However, it’s crucial to emphasize that these are currently speculative assumptions.

Bajaj Auto’s Current Electric Scooter Portfolio

Presently, Bajaj Auto boasts two electric scooters: the Chetak Premium and the recently introduced Chetak Urbane. Although both models share similarities, the Urbane variant stands out with its ‘TechPac,’ featuring additional elements such as hill hold, reverse mode, smartphone connectivity, tamper alerts, and more. Moreover, it offers a 10 kmph increase in top speed compared to the base-spec variant, reaching up to 63 kmph. The Chetak Premium is priced at Rs. 1.20 lakh (ex-showroom), while the Urbane variant is available at Rs. 1.15 lakh, (ex-showroom).

Also Read | Volkswagen New Entry-Level Electric SUV Launch Imminent: T-Cross E-SUV Successor?

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Featured Leaks Mobile

Samsung Galaxy M15: Leaked Details Point To Big Battery

Key Highlights

  • Leaked details hint at a significant upgrade for the Galaxy M15
  • Expected to be powered by MediaTek Helio G99 SoC
  • 6.5-inch Super AMOLED display, Android 14-based One UI 6

In the realm of Samsung‘s smartphone development, whispers about the Galaxy M15 are gaining momentum. This upcoming device appears to share resemblances, perhaps even being a rebranded version, of the Galaxy A15. However, a distinctive feature sets the Galaxy M15 apart—a big 6,000mAh battery. Notably, the Galaxy A15 5G, recently launched in India, houses a 5,000mAh battery. Historically, the Galaxy M series tends to follow closely in the footsteps of its Galaxy A series counterparts. Also Read | OnePlus Open Top Vs Samsung Galaxy Z Fold 5: Foldable Phone Comparison

Samsung Galaxy M15: Rumored Specifications

Processor, Memory: Drawing parallels with the Galaxy A15, the Galaxy M15’s 4G variant is rumored to be powered by the MediaTek Helio G99 SoC, while the 5G variant might boast the MediaTek Dimensity 6100+ SoC. Memory configurations are speculated to align with the Galaxy A15, offering options of 4/6/8GB of RAM and 128/256GB of storage.

Display: The Galaxy M15 is expected to have a 6.5-inch Super AMOLED screen, featuring an Infinity U notch, FHD+ resolution, a 90Hz refresh rate, and a peak brightness of 800nits. It is expected to run on Android 14-based One UI 6.

Also Read | Samsung Galaxy S24+: Top Alternatives That Will Compete With The Upcoming Samsung Flagship

Camera: Leaked details suggest that the Galaxy M15’s rear camera setup could include a 50MP main camera, a 5MP ultrawide lens, and a 2MP macro module. For selfies, a 13MP sensor is expected. Video enthusiasts can anticipate 1080p30fps recording from both front and rear cameras.

Battery: According to leaks from GalaxyClub (via Sammobile), the standout feature of the Galaxy M15 could be its 6,000mAh battery—a 1,000mAh increase from the Galaxy A15. Expectations are high for the inclusion of 25W fast charging, a feature already present in the Galaxy A15.

Features: The Galaxy M15 is rumored to include an SD Card slot, a 3.5mm audio jack, a USB-C 2.0 port, dual-band WiFi AC, Bluetooth 5.3, GPS, and NFC.

Samsung Galaxy M15: Expected Launch Date

With the Galaxy M14 following the Galaxy A14 announcement pattern, industry observers anticipate a Samsung announcement for the Galaxy M15 in February. As we await further details, the leaked specifications suggest that the Galaxy M15 is poised to be a great addition to Samsung’s smartphone lineup.

Also Read | Samsung Bixby Text Call Comes To India: What Is It? How To Use?

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Auto Tech Featured

Volkswagen New Entry-Level Electric SUV Launch Imminent: T-Cross E-SUV Successor?

Key Highlights

  • Volkswagen’s upcoming electric SUV launching soon
  • Said to be an entry-level e-SUV
  • Will be debuting by 2026 globally

Volkswagen is expected to launch its new-generation electric SUV in the market targeting the premium-end consumers. The upcoming electric SUV from Vokswagen is reportedly heading towards its launch and the images revealing design as well as the interiors have surfaced online. Anticipated to be a successor to the Volkswagen T-Cross, the next-gen electric SUV is likely an entry-level model that will see a global availability by next year.

Upcoming Volkswagen E-SUV: What Will It Be Called?

Volkswagen has currently maintained a silence across the upcoming budget electric SUV’s badging. However, it is rumored that we might see the next-gen Volkswagen electric SUV to retain the “ID” moniker as the previously introduced ID Buzz MPV. It is further being said that this upcoming electric SUV from Volkswagen borrows the same compact MEB entry platform as the ID 2.

Also Read: Upcoming Electric SUVs In India In 2024

When Is The Launch Timeline?

Current rumors indicate at an upcoming launch by 2024. However, some reports also hints the availability of the next-gen entry-level Volkswagen SUV by 2026 globally. We are expecting some information from Volkswagen soon.

Also Read: Best Electric Scooters With Fast Charging You Can Buy In India

Design

Talking of the design, the images of the next-in-line entry-level Volkswagen electric SUV moves away from the curvy stance as the previous-gen models. It rather boasts a cleaner and bold SUV look complemented by the hefty rear spoiler and bulky wheel arches.

Interiors of the upcoming Volkswagen electric SUV is said to feature an identical design as the ID 2 hatchback. It is speculated to offer a 10.9-inch or larger digital infotainment display. This electric SUV will further feature dedicated control keys for climate control, audio playback, and more. A rear spoiler will add on to the neat SUV appeal.

Also Read: 2024 EV Launch Roundup: Top Upcoming Mahindra Electric Cars And SUVs In India

Powertrain (Expected)

Upcoming Volkswagen Entry-Level Electric SUVExpected Powertrain
Motor Single electric
Mounting Font axle
Battery Option38 kWh
56kWh
Peak Power223 hp
Charger 125kW
Charging time 10-80 percent in 20 minutes

The entry-level Volkswagen electric SUV is said to be powered by a single electric motor. The motor will be mounted on the front axle and is said to offer 223 hp peak power. This will make it all capable even for tough terrains.

It is further being said that the upcoming entry-level electric SUV from Volkswagen will be made available in two different battery size options. There will be a base variant with a 38 kWh battery pack and high-end model equipped with a bigger 56 kWh battery module.

That said, range delivery expected by the upcoming entry-level electric SUV is said to be around 450 km on a single charge. Volkswagen is said to ship a 125 kW charger with the upcoming electric SUV. This is said to take around 20 minutes for a 10-80 percent charge.

Also Read: Maruti Suzuki Jimny Electrified: Iconic Off-Roader Goes Electric

Conclusion

With the launch of the entry-level electric SUV, Volkswagen will surely grab a good chunk of the market. That’s considering the demand for compact and affordable SUVs is surging. That said, the pricing would be one crucial factor that will be deciding how successful it will be in the market.

Categories
Auto Tech Featured

Xiaomi’s First EV Teaser: Upcoming SU7 Electric Car To Run On HyperOS

Key Highlights

  • Xiaomi CEO shared a glimpse of the forthcoming Xiaomi SU7
  • Seamless connection with smartphones and smart home accessories
  • Equipped with Xiaomi’s HyperOS operating system

In Xiaomi’s opening event dedicated to electric vehicle technology, scheduled for December 28, the tech giant teased the company’s first-ever passenger car, an all-electric sedan called the Xiaomi SU7. The SU in its name signifies “Speed Ultra,” and it is set to be equipped with Xiaomi’s innovative HyperOS operating system. Also Read | FAME II In Focus: Government Considers Extending Scheme For EVs In 2024 Budget

A Sneak Peek At Xiaomi SU7

Lei Jun, the Chief Executive Officer of Xiaomi, took to social media, particularly X (formerly Twitter), to share the first official image of the Xiaomi SU7. The post, accompanied by the caption “Hello, Xiaomi SU7 Welcome to Human x Car x Home,” hints at the vehicle’s integration with smartphones and smart home accessories. Notably, the sedan will run on the HyperOS operating system, reflecting Xiaomi’s commitment to intelligent technology.

The teaser poster showcases the Xiaomi SU7 in an elegant grey sedan-style design, featuring five-spoke alloy wheels adorned with Michelin tires. Lei Jun emphasized the vehicle’s intelligent features, drawing inspiration from advanced car systems like the Tesla Model S. The side view mirror is noteworthy, housing a camera reminiscent of Tesla cars.

Also Read | Tata’s 2024 EV Lineup: Three EV Marvels To Debut Next Year

Stride Event

Xiaomi has announced its first EV launch event outside China, named “Stride,” scheduled for December 28 at 2:00 PM Beijing time (11:30 AM IST). Lasting three hours, the event will focus on unveiling the technology underpinning Xiaomi’s debut electric car rather than product releases. Despite the absence of technical specifications, the Xiaomi SU7 is currently in trial production and is expected to hit the domestic market in the coming months. Pricing details remain undisclosed, with Lei Jun assuring that it will surpass expectations.

Expected Models: Xiaomi SU7 Lineup

Speculation is rife about Xiaomi unveiling a lineup of electric vehicles, potentially including models such as Xiaomi SU7, Xiaomi SU7 Pro, and Xiaomi SU7 Ultra. While specific details on range and features are yet to be revealed, the Xiaomi SU7 is anticipated to offer varying speeds, with the lower-end model reaching 210 km/h and the SU7 Max variant potentially boasting a speed of up to 265 km/h.

Also Read | Kia’s Expected EV Offerings For 2024: What’s Coming?

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Auto Tech Featured

Mahindra BE Rall-E Electric Coupe SUV Spy Shots Surfaces Online: What All To Expect?

Key Highlights

  • Mahindra is working on a new electric coupe SUV
  • Spy images of test mule surfaces online
  • Is possibly Mahindra BE Rall-E electric coupe SUV

Mahindra is working proactively to upgrade its EV fleet with new models. Besides the XUV 400 electric facelift, Mahindra is expected to add multiple other electric SUVs to its portfolio in the coming years. A fresh sighting of another Mahindra EV has surfaced which confirms this developments. Mahindra this time is reportedly ready to launch a new electric coupe SUV whose spy images have surfaced online. When can we expect this new Mahindra electric coupe SUV to debut in India and which segment it will be targeting?

Mahindra BE Rall-E Electric Coupe SUV: What All Test Mule Images Reveal?

Mahindra BE Rall-E test mule images suggests a masculine and robust coupe SUV in the works that will be loaded with an all-electric drivetrain. The spy shots shared highlights the key design aspects including a lifted bumper that will make it a capable off-roader electric SUV.

The bumper upfront will also integrate a tow hook and metallic skid plates for added protection during extreme off-roadings. Apparently, Mahindra has opted for a connected LED in a single-strip upfront. This is a shift from the iconic C-shaped LED DRL design offered by the current-gen Mahindra SUVs.

Since the Mahindra BE Rall-E electric coupe SUV test mule was wrapped in camouflage covers, the complete design aspect remains hidden. Nevertheless, it is expected that Mahindra will offer a wide range of customization option for the BE Rall-E electric coupe SUV.

Roof mounted carrier and other off-road accessories are expected to be made available with the new electric SUV coupe. This indicates the brand is focusing on delivering the experience of off-roading and luxury at once with the BE Roll-E electric coupe SUV.

Also Read: 2024 EV Launch Roundup: Top Upcoming Mahindra Electric Cars And SUVs In India

Mahindra BE Rall-E Electric Coupe SUV Expected Powertrain

Not much information is available when we speak of the upcoming Mahindra BE Rall-E electric coupe SUV’s powertrain. But is is being reported that Mahindra will be using the INGLO platform to design the new-generation electric SUV. Battery, range, and other key powertrain details are yet to be shared by the brand or the rumor mill. But we are keeping a close eye on the developments and will update you will all the latest information on the same.

Also Read: NIO Unveils Its ET9 Flagship Electric Sedan: Highlighting Key Features

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Featured Info TV

Best 43 Inch 4K Ultra HD Smart Android LED TV To Buy In 2024

In 2024, upgrade your TV experience with the best 43-inch 4K Ultra HD Smart Android LED TV with stunning visuals and vibrant colours, thanks to its high-resolution display. These smart TVs seamlessly integrate with Android offer popular apps like Netflix and Prime Video. Let’s look into the 5 top TVs you can buy.

Also Read: Top 55-inch And Above QLED Smart TVs In India With 4K Ultra HD Resolution

1. OnePlus 108 cm (43 inches) Y Series 4K Ultra HD Smart Android LED TV 43Y1S Pro

  • 4K Ultra HD Resolution, 60Hz Refresh Rate
  • 3 HDMI, 2 USB Ports for Versatile Connectivity
  • Powerful Sound: 24W Output, Dolby Audio, Atmos Decoding
  • Smart TV Features: Android TV, OnePlus Connect, Google Assistant
  • Bezel-less Design, HDR10+ Decoding, 1 Billion Colors
  • Dual-band Wi-Fi, Auto Low Latency Mode, Supported Apps
  • Currently Priced at Rs. 24,999

Buying Link: Amazon

2. Samsung 108 cm (43 Inches) Crystal Vision 4K Ultra HD Smart LED TV UA43CUE70AKLXL

  • 4K Ultra HD Resolution, 50Hz Refresh Rate
  • Versatile Connectivity: 3 HDMI, 1 USB Ports
  • Wireless Connectivity: Wi-Fi, Bluetooth
  • Powerful Sound: 20W Output, Q-Symphony, Bluetooth Audio
  • Smart TV Features: Bixby, Alexa, Web Browser, Easy Setup
  • Vibrant Display: Pur Color, One Billion Colors, Contrast Enhancer
  • Currently Priced at Rs. 31,490

Buying Link: Amazon

3. Vu 108 cm (43 inches) The GloLED 84 Watt DJ Sound Series 4K Smart Google TV 43GloLED

  • 4K Glo Panel, 94% NTSC Color Volume
  • Dynamic Backlight Control, Ambient Light Sensor
  • Built-in DJ Subwoofer for Enhanced Audio
  • Glo AI Processor: 16GB Storage, 2GB RAM
  • Google TV, Chromecast Built-in, Dual Band WiFi
  • Licensed Apps: YouTube, Netflix, Prime Video, Hotstar
  • Remote Control with Hotkeys, Bezel-less Design
  • Currently Priced at Rs. 29,990

Buying Link: Amazon

4. Sony Bravia 108 cm (43 inches) 4K Ultra HD Smart LED Google TV KD-43X74K

  • 4K Ultra HD, 60Hz Refresh, 178° Viewing Angle
  • Connectivity: 3 HDMI, 2 USB Ports
  • Powerful Sound: 20W Output, Dolby Audio, Clear Phase
  • Smart TV Features: Google TV, Voice Search, Chromecast
  • Watchlist, Google Play, Netflix, Prime Video
  • Additional Features: Apple Airplay, Homekit, Alexa
  • X1 4K Processor, 4K HDR, Motion Flow XR100
  • Currently Priced at Rs. 40,000

Buying Link: Amazon

5. MI 108 cm (43 inches) 5A Series Full HD Smart Android LED TV L43M7-EAIN

  • Full HD (1920 x 1080) Resolution, 60Hz Refresh Rate
  • Dual-Band Wi-Fi, 2 HDMI, 2 USB Ports, Bluetooth 5.0
  • 24W Output, Dolby Audio, DTS:X, DTS Virtual:X
  • Android TV 11, PatchWall, IMDb Integration
  • 300+ Free Live Channels, Kids Mode, Smart Recommendations
  • Chromecast Support for Apps: Netflix, Prime Video, Disney+ Hotstar
  • Quad-core Cortex A55, Auto Low Latency Mode, 1.5GB RAM
  • Currently Priced at Rs. 23,999

Buying Link: Amazon

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Auto Tech Featured

BYD India Set To Introduce More Affordable Variant Of Atto 3: Details

Key Highlights

  • BYD India to introduce a budget-friendly variant of the Atto 3
  • It will have a modified driving range
  • Fast charging to ensure efficient charging for users

BYD India is gearing up for the launch of a new variant of its all-electric SUV, the BYD Atto 3, aiming to provide a more budget-friendly option to the Indian market. This variant, positioned below the existing trims, is expected to come with alterations in driving range while maintaining the core features of the Atto 3. Also Read | Tata EV-Only Showrooms India: Locations, What Makes It Different?

Reformed Driving Range

Despite featuring an identical battery pack, the upcoming Atto 3 variant is expected to present a modified driving range. Sources suggest that this new variant will offer a claimed range of 264km, distinguishing it from the current version.

In contrast, the existing Atto 3, equipped with a 60.48kWh battery pack unit, boasts an impressive claimed range of 512km on a full charge. The charging efficiency remains noteworthy, with the battery pack capable of reaching 80 percent capacity in just 50 minutes using an 80kW DC fast charger.

Current Variants And Pricing

Currently, the BYD Atto 3 is available in two variants: Extended Range and Special Edition. The latter unveiled at the Auto Expo 2023 in January, is priced at Rs. 34.49 lakh (ex-showroom). With the introduction of the new variant, BYD aims to diversify its offering, making electric mobility more accessible to a broader range of customers.

Also Read | Tesla’s India Entry At Risk: No Subsidies On EV Imports, What’s Next For Elon Musk?

The move towards a more affordable Atto 3 variant aligns with the broader industry trend of increasing accessibility to electric vehicles. By offering a budget-friendly option with a reasonable driving range, BYD aims to attract a wider customer base and contribute to the adoption of sustainable transportation in India.

Verdict

BYD India’s strategic introduction of a more affordable Atto 3 variant reflects the company’s commitment to expanding the electric vehicle market and providing consumers with diverse choices that cater to varying preferences and budgets.

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

Categories
Featured Info Mobile

Amazon End Of Season Sale: Top 5 Premium Phones You Can Buy Now

Discover unbeatable deals at the Amazon End of Season Sale as 2023 wraps up! You can now upgrade your old smartphone with our top picks for premium phones that redefine style and performance. From powerful cameras and processors, these devices offer the latest tech innovations. Let’s look into the five top-notch phones with fantastic discounts!

Also Read: Amazon Christmas Sale: Best Discounts On 32-Inch Smart TVs Under Rs.15,000

1. Nothing Phone (2) 5G

  • 5G connectivity
  • Elegant white design with generous 12GB RAM and 256GB storage.
  • 6.7-inch LTPO OLED AMOLED display for vibrant visuals.
  • Dual 50MP cameras with OIS for stunning photography results.
  • High-resolution 32MP front camera for crystal-clear selfies.
  • Powered by Qualcomm Snapdragon 8+Gen 1 for top-notch performance.
  • Long-lasting 4700mAh battery with rapid 45W charging capability.
  • Currently Priced at Rs. 41,994

Buying Link: Amazon

2. Samsung Galaxy S23 FE 5G

  • Android 13.0 for the latest features.
  • 8 GB for smooth multitasking and performance.
  • 4500mAh lithium-ion battery for extended usage.
  • Fast charging, dual SIM, Always On Display, water-resistant.
  • FHD+ Display and 1080 x 2340 pixels resolution for clarity.
  • 209 grams, balancing portability and substance.
  • Currently Priced at Rs. 59,999

Buying Link: Amazon

3. TECNO Phantom V Fold 5G

  • Industry’s First Full-Size Foldable Design
  • 7.85” 2K+120Hz LTPO Display, Largest in Industry
  • Dual LTPO AMOLED, CG Victus Strong Protection
  • MTK Dimensity 9000+: 4nm, 1.08M AnTuTu, 5G Support
  • Fold’s Best Camera: 50MP Main, 13MP Ultra-Wide, Live Preview
  • Largest Fold Battery: 5000mAh, 45W Charger, 40% in 15mins
  • Up to 21GB RAM, 256/512GB Storage
  • Currently Priced at Rs. 69,999

Buying Link: Amazon

4. Apple iPhone 14

  • 6.1″ Super Retina XDR Display
  • Advanced Camera for Optimal Low-Light Photography
  • Cinematic 4K Dolby Vision at 30 fps
  • Action Mode for Smooth Handheld Videos
  • Crash Detection for Emergency Assistance
  • All-Day Battery and 20 Hours Video Playback
  • Durable: Ceramic Shield, Water Resistance, Industry-Leading Durability
  • Currently Priced at Rs. 61,999

Buying Link: Amazon

5. OnePlus 11R 5G

  • 50MP Main, 8MP Ultrawide, 16MP Front Camera
  • 6.7″ 120Hz Fluid AMOLED Display, 2772 X 1240 pixels
  • OxygenOS on Android 13, Snapdragon 8+ Gen 1 Processor
  • 8GB RAM, 128GB Storage (LPDDR5X, UFS3.1)
  • 5000mAh Battery, 100W SuperVOOC Charging
  • In-Display Fingerprint Sensor for Secure Unlocking
  • Currently Priced at Rs. 39,999

Buying Link: Amazon

Categories
Auto Tech Featured

Tata’s 2024 EV Lineup: Three EV Marvels To Debut Next Year

Key Highlights

  • Tata Motors is set to diversify its EV portfolio
  • The carmaker set to launch three distinct models in 2024
  • Upcoming EV launches include electric versions of popular models such as the Harrier and Safari

As we approach the end of the year, automobile manufacturers are gearing up for the launch of new vehicles in 2024. Among them, Tata Motors stands out with an exciting lineup, signaling a significant focus on electric vehicles. While recent updates to the Nexon, Harrier, and Safari have garnered attention, the spotlight for 2024 is firmly on multiple EV launches. Also Read | Tata EV-Only Showrooms India: Locations, What Makes It Different?

Tata Harrier/Safari EVs

The Tata Harrier and Safari have secured their places in the Indian market, sharing a common platform and engine. However, until now, they have only been available in internal combustion engine (ICE) variants. Building on the success of Tata’s EV range, the carmaker is set to introduce electric versions of these popular SUVs. The Harrier EV made its debut at the Auto Expo, hinting at the possibility of multiple battery packs and an all-wheel-drive system, mirroring the approach taken with the Nexon EV. While specific details remain scarce, more information is expected to surface in the coming days.

Tata Punch EV

Tata’s entry-level offerings, including the Tiago and Tigor, have already embraced electric powertrains, as has the best-selling Nexon. However, the Punch, Tata’s second-best-seller, has only been available with an internal combustion engine. To cater to a broader customer base and face stiff competition from rivals like the Hyundai Exter, Tata is set to launch an all-electric version of the Punch in 2024. The Punch EV is anticipated to feature a battery pack similar to the Tigor, providing a range of approximately 300km on a full charge.

Also Read | New Hyundai Kona EV N Line Variant Under Development: Feature And Performance Upgrades In Tow?

Tata Curvv

The Tata Curvv concept, unveiled last year, represents an ambitious project for the automaker. With design elements already integrated into the Nexon, Harrier, and Safari, Tata now plans to bring the production version of the Curvv to the market. Spotted testing on multiple occasions, the all-new vehicle from Tata Motors is expected to be available in both ICE and electric versions, akin to the Nexon. Expected to enter production in April 2024, the Curvv is poised for launch around June, marking another milestone in Tata’s commitment to innovation and diversity in its vehicle offerings.

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

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Auto Tech Featured

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

Key Highlights

  • Govt. contemplating extending the FAME II scheme for EVs
  • It reflects the government’s commitment to fostering electric mobility
  • FAME II plays a pivotal role in promoting sustainable growth

The Indian government is considering extending the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme until the next fiscal year, showcasing a dedicated effort to sustain market momentum until the expected approval of FAME’s third edition. This move aligns with the government’s commitment to promoting electric mobility and is expected to be addressed in the interim budget.

Also Read | Kolkata Man’s Post On Tata Tiago EV Goes Viral, Raises Concerns

Interim Budget And Vote On Account

To secure additional resources for FAME II, an interim budget seeking parliamentary approval may be pursued, given the upcoming general elections in April-May. A vote on account allows essential expenditures for a limited period, ensuring continuity until a new government presents the full budget.

Commitment To Electric Mobility

The potential extension underscores the government’s commitment to electric mobility, adapting policy measures to the evolving needs of the Indian EV industry. FAME II plays a crucial role in sustainable growth by incentivizing EV purchases and addressing environmental concerns.

Also Read | Tesla’s India Entry At Risk: No Subsidies On EV Imports, What’s Next For Elon Musk?

Strategic Approach Of FAME II

FAME II, applicable to two-, three, and four-wheelers, began in April 2019 with a total budgetary support of Rs. 10,000 crore over five years, concluding on March 31, 2024. The scheme strategically aims to reduce pollution by promoting renewable energy use in transportation.

Industry Advocacy And Recommendations

FICCI, a leading trade body, proposed extending FAME II for the next five years, with a review provision after three years. The Ministry of Heavy Industries received Rs. 5,127 crore for the current fiscal year, the highest allocation since FAME’s beginning. The Parliamentary Standing Committee on Industry recommended a three-year extension for FAME II to boost electric vehicle adoption.

Addressing Air Pollution Challenges

With three cities among the world’s most polluted, India prioritizes EV adoption to combat air pollution. The government aims for EVs to constitute 30 percent of new vehicle sales by 2030, promoting a sustainable shift in the automotive landscape.

Also Read | Xiaomi’s EV Technology To Take Center Stage At Stride Event On December 28