AIEV

Musashi India starts producing e-Axles for electric bicycles in large quantities

Musashi India starts producing e-axles for electric bicycles in large quantities Musashi Auto Parts India, a fully-owned subsidiary of Musashi Seimitsu Industries, a Japanese company, announced on Monday that it has begun producing e-Axles for electric two-wheelers in large quantities for the local market. Phase I of the company’s EV business is expected to receive a total of Rs 160 crore in investments. With this large investment, new assembly lines for EV transmission components will be set up, and the facilities that are already in place will be upgraded. List your business on All India EV exclusive business directory… (click here) The business established Musashi Delta e-Axle India Private Limited in September of last year as a joint venture (JV) with Delta Electronics, Inc. and Toyota Tsusho Corporation to enter the EV market in India. The company added that it has set up a capacity to create 10,000 e-Axles each month in phase 1, and that starting in the third year, it intends to ramp up production with additional lines. (You can now subscribe to our All India EV WhatsApp channel) “With the rapid growth of EV two-wheelers in India, the need to build a local and robust ecosystem of EV components is imperative,” said Naoya Nishimura (CEO India & Africa Region). By the conclusion of current fiscal year, Musashi expects to have two-thirds of the total cost localized, including a motor assembly line and a drive unit assembly line. Join our LinkedIn Community Additionally, it is collaborating with BNC Motors to create goods that have EV drive units. The planned EV two-wheeler from BNC, which will be comparable to a 125cc ICE scooter, will use these units. About Musashi India Musashi India is a wholly-owned subsidiary of Musashi Seimitsu Industries, specializing in the production of transmission components for both two-wheelers and four-wheelers powered by internal combustion engines. Recently, they’ve entered the electric vehicle (EV) market in India. Leveraging their design and engineering expertise, Musashi India aims to manufacture an EV unit comprising a motor, power control unit (PCU), and gearbox. Click here for more such informative insights

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GT Force and ESAF Small Finance Bank Collaborate to Enhance Electric Two-Wheeler Financing

GT Force and ESAF Small Finance Bank Collaborate to Enhance Electric Two-Wheeler Financing GT Force, a leader in electric two-wheeler manufacturing, has entered into a strategic partnership with ESAF Small Finance Bank to offer retail finance solutions for its customers. This collaboration is set to make it easier and more convenient for potential buyers to purchase GT Force’s electric two-wheelers. ESAF Small Finance Bank, based in Thrissur, Kerala, is renowned for providing banking services and small loans to the underbanked, making it an ideal partner for GT Force in reaching a wider customer base. This initiative allows people from various backgrounds to apply for financing, transforming the dream of owning an electric vehicle (EV) into a reality. List your business on All India EV exclusive business directory… (click here) “In addition to incentives, having strong financing options is crucial in helping customers transition smoothly from conventional ICE vehicles to eco-friendly alternatives that meet their mobility needs. Understanding that a significant portion of two-wheeler sales relies on financing options, our partnership with ESAF Small Finance Bank is a vital step in making our electric vehicles more accessible to a broader audience. This collaboration is also expected to boost our sales growth during our expansion phase.” Mr. Mukesh Taneja, Co-Founder and Managing Director of GT Force. (You can now subscribe to our All India EV WhatsApp channel) “Our dealers across states will play a key role in ensuring a seamless experience for customers, from educating them about financing options to providing exceptional after-sales service.” Mr. Mukesh Taneja, Co-Founder and Managing Director of GT Force. Join our LinkedIn Community “We are thrilled to partner with GT Force to enable the purchase of electric two-wheelers through our retail finance solutions. This collaboration aligns with our commitment to supporting sustainable and eco-friendly initiatives while promoting financial inclusivity for the underbanked segments in the EV market. We believe our robust financial offerings will empower more individuals to adopt environmentally friendly transportation, contributing to a cleaner and greener future.” A Senior Management spokesperson from ESAF Small Finance Bank. EV enthusiasts now have the opportunity to finance GT Force’s latest range of electric two-wheelers, catering to both low and high-speed preferences. The GT Vegas, priced at Rs 55,555 (ex-showroom), features a 1.5 kWh battery pack, offering a range of up to 70 km. For those seeking greater range, the GT Ryd Plus, priced at Rs 65,555 (ex-showroom), comes with a 2.2 kWh battery pack with a range of 95 km. The GT One Plus Pro, priced at Rs 76,555, is equipped with a 2.5 kWh battery, extending the range to 110 km. The flagship model, GT Drive Pro, priced at Rs 84,555, shares similar features and specifications with the One Plus Pro. Click here for more such informative insights GT Force products are available through its 35 outlets across multiple states, including Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Chhattisgarh, and Delhi-NCR. To further enhance accessibility, GT Force plans to establish a total of 100 dealership showrooms by the end of 2024. Each showroom will be equipped with comprehensive infrastructure following the 3S model, which includes sales, service, and spare parts support.

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ElectroRide Partners with Battery Smart to Establish 2,500 Battery Swapping Stations Across India

ElectroRide Partners with Battery Smart to Establish 2,500 Battery Swapping Stations Across India ElectroRide has teamed up with Battery Smart to establish battery swapping stations at 2,500 locations across India over the next five years. In the initial phase of this collaboration, Battery Smart will set up 50 swap stations at ElectroRide locations in Delhi and Uttar Pradesh. This partnership aims to simplify, economize, and enhance the adoption of electric mobility by expanding EV swapping infrastructure. This aligns with Battery Smart’s goal of providing EV users access to swap stations within a 1 km radius with zero wait time. List your business on All India EV exclusive business directory… (click here) “Deploying 2,500 battery swapping stations showcases our commitment to creating a sustainable and accessible electric vehicle infrastructure in India. These strategically placed stations will meet the needs of urban and intercity EV commuters, driving a shift towards cleaner and more efficient mobility solutions.” Rahul Goenka, Director of ElectroRide. (You can now subscribe to our All India EV WhatsApp channel) Since its inception in June 2020, Battery Smart has rapidly scaled to 1,000 stations across 30 cities, completing over 35 million swaps. Utilizing Battery Smart’s Battery-as-a-Service (BaaS) model, EV users can swiftly replace depleted batteries within two minutes with fully charged ones. Join our LinkedIn Community “We are thrilled to partner with ElectroRide as they continue to strengthen India’s EV infrastructure. With the growing adoption and acceptance of electric vehicles nationwide, expanding access to battery-swapping stations is essential. This will enable two and three-wheeler EV users to enjoy the convenience, cost-effectiveness, and efficiency that battery swapping offers,” Nishant Garg, Senior Director – Expansion, Battery Smart. Click here for more such informative insights Future phases of the project will involve rapid expansion, covering additional regions to ensure widespread accessibility. ElectroRide also plans to deploy 30,000 vehicles incorporating battery-swapping technology to enhance their range as part of its last-mile mobility solutions. ElectroRide, a subsidiary of Goenka Green, is a multi-brand e-mobility product solutions company offering a range of products including motorcycles, three-wheelers, and eco-mobility solutions.

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BPCL Partners with Bounce Infinity to Launch eDrive Stores for Expanding EV Presence

BPCL Partners with Bounce Infinity to Launch eDrive Stores for Expanding EV Presence Bharat Petroleum Corporation Limited (BPCL) has announced a strategic partnership with Bounce Infinity to accelerate electric vehicle (EV) adoption across the nation by introducing innovative “eDrive stores” at selected BPCL retail outlets. List your business on All India EV exclusive business directory… (click here) These new BPCL “eDrive stores” will act as multi-brand hubs for selling electric two-wheelers, strategically located within BPCL fuel stations. This initiative is designed to improve EV accessibility and raise awareness among potential customers, allowing direct purchases of electric scooters at BPCL locations for the first time. The collaboration, outlined in a joint media release, leverages BPCL’s vast network to transform specific fuel stations into EV centers where consumers can buy, experience, and test-ride Bounce Infinity’s electric scooters. The eDrive stores will be managed either directly by Bounce Infinity or through BPCL’s network of dealers, ensuring a seamless customer experience. Each outlet will also be equipped with charging infrastructure to facilitate on-site vehicle charging. (You can now subscribe to our All India EV WhatsApp channel) “At BPCL, we are continually enhancing our offerings to support the nation’s sustainability objectives. The collaboration with Bounce Infinity aims to strategically convert our fuel stations into adaptable energy centers that meet changing customer demands and advance environmental sustainability goals.” Pardeep Goyal, Business Head, Retail at BPCL. Join our LinkedIn Community “This collaboration reinforces our commitment to sustainable mobility solutions. Bounce Infinity will leverage BPCL’s expansive retail footprint to provide consumers convenient access to our innovative range of electric two-wheelers. The adaptable operational approach of eDrive stores guarantees uniform compliance with rigorous quality standards and operational efficiency at every site.” Vivekananda Hallekare, CEO and Co-founder of Bounce Infinity. Click here for more such informative insights

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Comparative Analysis: Mahindra Treo Yaari vs. OSM Stream City

Comparative Analysis: Mahindra Treo Yaari vs. OSM Stream City The electric vehicle (EV) market in India is witnessing a significant transformation, particularly in the three-wheeler segment. Two notable contenders in this category are the Mahindra Treo Yaari and the OSM Stream City. Both vehicles cater to urban mobility needs but offer distinct features and capabilities. This analysis will delve into the technical specifications, performance, cost, and user experience of both models to provide a comprehensive comparison. List your business on All India EV exclusive business directory… (click here) Features Mahindra Treo Yaari OSM Stream City Price Rs. 1.96 lakh up to Rs. 2.04 lakh (ex-showroom) Rs. 3.25 lakh (ex-showroom) Range & Battery 125 Km/charge with a 3.69 kWh battery 100 Km/charge with an 8.5 kWh battery Power Max power of 3.69 kW Max power of 7.3 kW Top Speed Top speed of 24.5 km/h Top speed of 48 km/h Charging Time 2 h 30 min 4 hours Dimensions Dimensions of  2769*995*1750 mm Dimensions of 1320*2800*802 mm Gradeability 7-degree 16-degree Color Option Combination of white and blue White, Black & Yellow, Blue and Green & Yellow Source: From their websites Conclusion(You can now subscribe to our All India EV WhatsApp channel) Conclusion The choice between the Mahindra Treo Yaari and the OSM Stream City ultimately depends on the specific needs of the user. The Treo Yaari is an excellent option for short, frequent urban trips with its lower cost and efficient design. In contrast, the Stream City caters to users needing a higher range and power, making it suitable for longer urban and suburban routes. Both models represent significant strides in the adoption of electric three-wheelers in India, contributing to a more sustainable urban transportation ecosystem. Join our LinkedIn Community Click here for more such informative insights

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India’s EV Sales Expected to Soar to 5.9 Million by 2040, Up from 96,000 in 2023

India’s EV Sales Expected to Soar to 5.9 Million by 2040, Up from 96,000 in 2023 India’s electric vehicle (EV) market is poised for a massive boost, with sales expected to rise from 96,000 units in 2023 to about 284,400 by 2027, marking a 199% growth, according to a BloombergNEF report. By 2040, EV sales are projected to surpass 5.9 million units under the Economic Transition Scenario (ETS). The report emphasizes the importance of India achieving 100% zero-emission vehicle (ZEV) sales by 2038 to meet its net-zero passenger vehicle goals. It also predicts that India’s fleet of internal combustion engine (ICE) cars will peak at 64.5 million vehicles in 2033, three years earlier than the ETS forecast, highlighting a quicker shift to EVs under the Net Zero Scenario (NZS). List your business on All India EV exclusive business directory… (click here) The expected rise in EV sales is driven by several factors: ╰┈➤ Rapidly falling battery costs ╰┈➤ Advancements in battery technology making EVs more affordable compared to ICE vehicles ╰┈➤ Growing consumer interest with more EV models being launched India’s ICE vehicle fleet is set to peak in 2033 at about 64.5 million vehicles and then decline, indicating a faster transition to EVs under the NZS compared to the ETS forecast. (You can now subscribe to our All India EV WhatsApp channel) The report notes that while EV adoption has been uneven globally, with slower growth in the U.S. and Europe due to regulatory and political changes, countries like India are catching up quickly. The share of electric cars in new passenger vehicle sales in India is expected to jump from 17.8% in 2023 to 33% by 2027, eventually reaching 73% by 2040 under the ETS. Join our LinkedIn Community Globally, China, the U.S., and Europe dominate the EV market, accounting for 89% of global passenger EV sales in 2027. However, India is emerging as a key market with more affordable electric vehicles designed for local buyers. As India moves towards its net-zero goals, the report stresses the need for strong policy support to speed up EV adoption. This includes potential incentives for consumers and manufacturers, as well as infrastructure development like widespread charging stations. The BloombergNEF report provides a detailed roadmap for stakeholders in the automotive and energy sectors, outlining the significant changes needed to achieve the 2050 net-zero targets. The findings highlight the urgent need for collaboration between the government, industry leaders, and consumers to embrace electric mobility. Click here for more such informative insights

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Amara Raja Invests €20 Million to Boost Stake in Slovakian EV Battery Company InoBat

Amara Raja Invests €20 Million to Boost Stake in Slovakian EV Battery Company InoBat Amara Raja Energy & Mobility, a battery maker, has added €20 million (~$21.4 million) to its position in InoBat, a Norwegian company that makes electric vehicle (EV) batteries, for a 4.5% ownership. Amara Raja currently owns 9.32% of the Slovakia-based company InoBat. It had previously given the business €10 million to help it establish a presence in the European EV market. Custom-designing EV batteries to satisfy the demands of global mainstream and specialty original equipment manufacturers (OEMs) in the automotive, commercial vehicle, racing, and aerospace industries is InoBat’s area of expertise. List your business on All India EV exclusive business directory… (click here) Amara Raja offers a wide range of products, including industrial and automotive lubricants, new chemical exploration, EV chargers, energy storage solutions, and lithium-ion cell manufacture. “Our investment in InoBat underscores our commitment to being at the forefront of the energy revolution. InoBat’s innovative approach to battery technology complements our mission to deliver sustainable and cutting-edge energy solutions.” Vikramadithya Gourineni, Executive Director of Amara Raja, said. (You can now subscribe to our All India EV WhatsApp channel) Gotion High-Tech, a Chinese battery producer, purchased a 25% share in InoBat in September. Amara Raja revealed in May 2024 that its revenue for the fourth quarter of 2023 increased by 15% year over year to ₹27.96 billion (~$338 million). The strong performance was ascribed to the lead-acid battery and new energy industries’ combined impetus. In the lead-acid market, the company experienced robust volume growth in the automotive and industrial sectors. Join our LinkedIn Community Amara Raja established Telangana’s first gigafactory in the Mahbubnagar district to produce lithium cells and battery packs in May 2023. With a maximum capacity of 16 GWh, the facility serves both local and foreign markets.   A memorandum of agreement was signed by the Telangana government and Amara Raja Advanced Cell Technologies, a subsidiary of the Amara Raj Group, regarding Li-ion cell chemistries tailored to the Indian subcontinent. Click here for more such informative insights

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Kinetic Engineering Embarks on Ambitious EV Component Venture with New Subsidiary

Kinetic Engineering Embarks on Ambitious EV Component Venture with New Subsidiary As electric vehicles (EVs) rapidly increase their market share in India, particularly in two-wheelers, Pune-based Kinetic Engineering Limited (KEL), one of India’s oldest automotive component and vehicle manufacturing companies, is strategically positioning itself to not be left behind. Strategic Investment in EV Components KEL has earmarked Rs 54 crore to invest in a new subsidiary, Kinetic Watts & Volts, dedicated to manufacturing EV components such as motors, axles, frames, controllers, and batteries. The company has meticulously identified key products ranging from electric two-wheeler frames, axles, electric three-wheeler chassis, and gearboxes for electric two- and three-wheelers, aiming to tap into both domestic and export opportunities. List your business on All India EV exclusive business directory… (click here) Commitment to Innovation and Market Adaptation The company has a top-driven mandate to explore all potential avenues for success in the EV product range. Kinetic Watts & Volts will explore the market and strategize KEL’s entry into the EV segment, depending on its strengths and market forecasts. While it has already identified EV axles, gearboxes, and chassis among the key products to start with, the company might add further products for a strong and sustainable future. (You can now subscribe to our All India EV WhatsApp channel) End-to-End EV Solutions in the Offing KEL is actively engaging with potential OEM customers for its EV solutions under the Watts & Volts umbrella, aiming to offer integrated solutions for its potential EV customers. “Some of the key components on offer will be e-motors, controllers, and batteries. Moreover, our objective is to serve potential EV customers, both smaller and larger ones, by providing a one-stop solution for these crucial EV components. We are also in discussion with several of our existing customers to include us in their EV plans,” Firodia said. Strategic Partnerships and Advanced Manufacturing KEL has secured partnerships with prominent names like Kinetic Green, Eblu, and E-Fill, and has completed a dedicated manufacturing facility for Mahindra & Mahindra. The company plans to leverage technological advancements to enhance the efficiency, capacity, and overall quality of its products. Join our LinkedIn Community “We aim to prioritize the upskilling of our workforce in automation, IoT, and cybersecurity to effectively harness these technologies and tackle emerging challenges,” Firodia highlighted. By emphasizing the importance of diversifying its sourcing channels, Kinetic Engineering aims to mitigate potential disruptions in its supply chain. The company plans to integrate IoT-driven predictive maintenance measures to minimize downtime and optimize operational efficiency at its manufacturing facilities. Recognizing the transformative potential of 3D printing, IoT, and AI within the electric two-wheeler sector, KEL is confident of leveraging these technologies for rapid prototyping, predictive maintenance, and enhancing customer experiences. Click here for more such informative insights “This holistic approach ensures that KEL remains well-positioned to seize export opportunities while maintaining a strong presence in the domestic market,” Firodia signed off. Content Credit: Autocar Professional

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Jupiter Electric Mobility Reaches Milestone in Advanced Battery Technology for Indian Railways

Jupiter Electric Mobility Reaches Milestone in Advanced Battery Technology for Indian Railways Jupiter Electric Mobility, a subsidiary of Jupiter Wagons (JWL), in collaboration with Log9 Materials, a leading Indian company in deep tech innovation and energy storage technologies, has announced a significant milestone in the development and certification of its Lithium-Ion Phosphate (LFP) battery technology, aimed at enhancing the efficiency and sustainability of rail transport in India. Key Achievements: 1️⃣ RDSO Certification for Non-AC Coaches: Jupiter Electric Mobility successfully completed a six-month trial of its 11.2 kWh LFP battery pack for rail coaches, becoming the first company to receive certification from the Research Designs and Standards Organisation (RDSO). This marks a significant step forward in advancing battery technology for Indian Railways. List your business on All India EV exclusive business directory… (click here) 1️⃣ Contract Awarded by Siemens: Jupiter Electric Mobility has been awarded a purchase order by Siemens for the supply of 36 auxiliary batteries, each with a capacity of 72.8 kWh, for 9 Vande Bharat Trainsets. This order highlights the trust and reliability Siemens places in these advanced battery solutions. Additionally, the 72.8 kWh LFP battery pack has received RDSO approval, further validating its performance and safety. 3️⃣ Technical Qualification by BHEL: The 72.8 kWh LFP battery pack has been technically qualified by BHEL for use in Vande Bharat Trainsets. This qualification by BHEL, a major player in the railway sector, showcases the robustness and technical excellence of Jupiter’s battery solutions. (You can now subscribe to our All India EV WhatsApp channel) The company stated, “These milestones reflect our commitment to supporting the modernization and electrification of Indian Railways, contributing to a greener and more efficient transportation network. Our LFP battery technology offers superior performance, safety, and longevity, making it an ideal choice for a wide range of railway applications.” Join our LinkedIn Community Additionally, Jupiter Electric Mobility received ARAI approval for the JEM TEZ, a 1-ton commercial electric vehicle, marking a milestone in EV innovation with advanced fast-charging technology and real-time monitoring capabilities. Click here for more such informative insights

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EKA Mobility Secures Additional Mitsui Investment To Accelerate EV Growth

EKA Mobility Secures Additional Mitsui Investment To Accelerate EV Growth Electric commercial vehicle manufacturer EKA Mobility announced on Thursday that Mitsui & Co., Ltd. has made a second tranche investment as part of a previously planned phased investment. This strategic capital infusion will be directed towards capital expenditures (Capex) and working capital, bolstering EKA Mobility’s growth and fostering innovation in the EV sector. “Mitsui & Co., Ltd. has completed a second tranche investment as part of the phased investment initially announced, reinforcing their commitment to our company,” EKA Mobility stated. List your business on All India EV exclusive business directory… (click here) In December last year, EKA, Mitsui, and Dutch technology and manufacturing firm VDL Groep entered into a strategic long-term partnership. This collaboration includes phased joint investments totaling USD 100 million (Rs 850 crore), equity, and technology cooperation aimed at establishing a leading global OEM (Original Equipment Manufacturer) in India. Earlier this year, Mitsui’s initial tranche investment enabled EKA Mobility to establish one of the country’s largest R&D centers for electric commercial vehicles, supporting new product development and enhancing export capabilities. (You can now subscribe to our All India EV WhatsApp channel) “This investment aligns with Mitsui’s strategic emphasis on sustainable and progressive industries. We are confident that EKA Mobility will play a key role in the future of transportation. We look forward to leveraging Mitsui’s global network to promote the export of EKA’s competitive products to international markets,” Hiroshi Takeuchi, Deputy General Manager of Mobility Business Unit 1 at Mitsui. Under this cooperation, EKA Mobility will benefit from significant strategic investments from Mitsui, as well as technological support and an equity partnership from VDL Groep. Join our LinkedIn Community Sudhir Mehta, Founder of EKA (Pinnacle Mobility Solutions), stated, “The ongoing investment from Mitsui and VDL Groep will accelerate our growth, enable us to introduce innovative EV solutions to the market faster, and further our mission of building a sustainable and green transportation ecosystem.” Click here for more such informative insights The company also announced that its order book has grown significantly, with over 1,000 electric buses and more than 5,000 electric light commercial vehicles on order.

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