EV Chargers

Siemens Ltd has announced a  revenue of INR 5,297 crore and net profit (profit after tax) of INR 534 crore in the fourth quarter of financial year 2023 ended September 30, 2023. 

The Noida-based startup has rolled out the franchise network to provide mobile EV charging as a service. It targets 100 franchise partners by the end of 2023.

The recently released Delhi motor vehicle aggregator and delivery service provider scheme envisages that aggregators and delivery service providers in Delhi will switch to an all-electric fleet by April 1, 2030.

The economic burden of air pollution in Bangladesh, for which transport is one of the major reasons, calls for strong policy-level intervention to increase the adoption of electric cars.

The DC fast electric vehicle (EV) chargers will be available at BPCL fuel stations between Delhi and Jalandhar. BPCL plans 200 such fast-charging corridors along national highways by March this year. 

Servotech Power Systems has supplied 1,400 EV chargers in a span of three months in various cities across India.

A new report says India will have only 50 million electric vehicles (EVs) on road by 2030 despite a ramp-up in domestic manufacturing, falling behind by 40% on the cumulative sales projections by NITI Aayog. It also recommends policy measures to improve India’s chances of realizing 80 million EV sales by 2030.

Tata Power has signed an agreement to commission home chargers for EV owners and install its EZ Charge fast chargers (DC 60 kW) at Hyundai Motor India’s 34 electric vehicle dealer locations in 29 cities.

Players in the electric mobility sector call for a reduction in goods and services tax on electric vehicle (EV) batteries, easy access to low-cost finance for EV buyers, and expansion of FAME Scheme subsidy to ICE-to-EV conversion kits. They also expect the government to enhance the manufacturing capacity and financial layout under the production-linked incentive (PLI) scheme for advanced-chemistry battery cells.

The State-controlled renewable energy and energy efficiency lender has launched a scheme to finance new and emerging technologies that promote and increase the usage of renewable energy in the transport sector.