Electric Vehicles

Gensol Engineering, a solar EPC and electric mobility solutions provider, has raised INR 900 crore ($108.46 million) equity capital from international and domestic investors.

Dedicated funds for residential rooftop solar under ‘Pradhan Mantri Suryodaya Yojana’ and increased incentives for solar manufacturing MSMEs are on the wishlist of the Indian solar sector. In battery storage, players expect the inclusion of battery recycling within the PLI Scheme and continued investments in developing battery storage solutions.

Average sales prices of Chinese power cells at the end of 2023 were half of what they were at the start of the year, according to TrendForce. Despite the drop, the research firm says prices should stabilize in the second half of 2024.

Tata Power EV Charging Solutions will install fast and ultra-fast electric vehicle (EV) charging points at IndianOil retail outlets in major cities as well as across major highways in India.

The company’s recently launched truck offers 11.5 kW of power output to homes, and 9.6 kW of output via five plugs.

Servotech Power Systems will manufacture, supply, and install 2,649 AC EV chargers at BPCL petrol pumps in major Indian cities across India.

Tata Power’s installed home EV charger base now extends beyond 62,000 with 11,529 new deployments done in Q2 FY 2024.

Ashok Leyland will produce electric buses and also assemble other vehicles powered by emerging alternative fuels at its integrated greenfield plant in Uttar Pradesh.

Petronas arm Gentari will provide green mobility solutions to decarbonize Amazon’s India transportation network. Amazon Web Services (AWS) will support Petronas in designing and constructing a state-of-the-art plant to produce sustainable aviation fuel.

The lack of standardized charging systems can create complications for EV owners. Different EV models may require specific charging systems, and a universal standard is crucial to ensure compatibility and ease of use.