Competition Heats Up in India’s Mass Market EV Space

French carmaker Groupe PSA (Citroen India) is expected to enter the Indian electric mobility space with a small electric SUV codenamed eCC21. The electric SUV to be launched in 2022, will likely be priced around INR 8 lakhs, and will be manufactured at the company’s Thiruvallur facility in Tamil Nadu. Mahindra’s E-KUV-100, Tata Motors’ HBX small SUV, and Renault’s Kwid EV will be its main competitors. Ahead of the eCC21, in 2021, the company will also launch the C5 Aircross – a top of the line premium mid-size SUV – and a small flexi-fuel SUV which can run on a 1.2 litre petrol engine with ethanol blend.

Charging Kiosks at 69,000 Petrol Pumps in India

In a bid to boost the EV ecosystem in India, the government is planning to set up at least one EV charging kiosk at each of the 69,000 petrol pumps in India. This coupled with measures such as reducing EV GST to 5 per cent, delinking battery cost of 2-3 wheelers from vehicles etc. is expected to accelerate the uptake of EVs in the country. Moreover, the government has also earmarked INR 51,000 crores under the Production Linked Incentive Scheme to help the Indian automobile sector become a global manufacturing hub and help create jobs.

In Post-COVID India, Diesel Loses its Premium Over Petrol

The rebound in diesel consumption has trailed petrol in India after the covid lockdown eased. A number of factors including people choosing private over public transport, trucks remaining idle amidst a softer economy and the falling premium between petrol and diesel prices are to account for lower consumption. But this uneven demand recovery also points to a future where refiners will have to change their product mix by making less diesel and more petrol and petrochemicals. Already companies like RIL, IOCL and even sectors like railways are shifting away from diesel and transport fuels into hydrogen-powered buses and electrification.

Powering Start-ups in the E-mobility Space in India

Daimler India Commercial Vehicles (DICV) in association with the Office of the Principal Scientific Adviser to the Government of India and Invest India has announced a global competition called ‘Startup Sparks’. This competition is aimed at early stage startups to pitch ideas on EVs and alternate mobility, connectivity and servitization of EVs, future mobility, and customised application and industrial products. The final shortlisted startups will participate in the preincubation module followed by the nine-month incubation programme called ‘the Farm’. This platform is expected to help participants get their ideas to the proof of concept stage with mentorship, guidance and infrastructure.

Recycling E-waste in EVs

MG Motor India has partnered with e-waste recycling and end-to-end service provider, TES-AMM for recycling batteries of its electric vehicle ZS EV. In a bid to develop a comprehensive EV ecosystem, the company believes that this partnership will ensure that batteries re-enter EV value chain. TES-AMM has Asia's only Li-ion battery recycling plant and is one of the few companies certified in multiple management systems.

Ola’s First EV Manufacturing Plant in India

Bengaluru-based mobility service provider, Ola is setting up its first EV manufacturing plant in Tamil Nadu. The company will invest INR 2400 crore to set up this plant which will create around 10,000 jobs. The factory is expected to be completed within 18 months and aims to sell around one million vehicles in its first year, not just in India but also to markets in Europe, Asia, and Latin America. The manufacturing facility will first roll out scooters which will be followed by other categories of two, three and eventually four-wheelers.

$180 bn: Funding India’s EV segment

A recent study by the Centre for Energy Finance (CEEW-CEF) noted that India will need a cumulative investment of over $180 bn to meet its EV ambition. This investment is needed in vehicle production and charging infrastructure until 2030. Further, fuelling this EV ambition would also require an estimated annual battery capacity of 158GWh by 2030. All this would mean that EV sales in all segments could cross 100 mn units by FY2030, a 200 times jump from today.

GKN Automotive and Tata Technology to Forge Next-gen EVs

The two companies are collaborating to set up an advanced global e-mobility software engineering centre in Bengaluru. The centre which houses a design studio and laboratories will utilise Tata Technology’s expertise in embedded systems and recruit world class talent to develop GKN’s next generation e-Drive technologies. The collaboration is expected to reshape and drive the future of e-mobility in India.

Renault-Nissan-Mitsubishi Alliance Revamp Strategy to Increase Competitiveness and Profitability

One of the world’s leading automotive alliance has announced several initiatives as part of its new cooperation strategy including the Leader-Follower Scheme. This scheme by the Renault-Nissan-Mitsubishi alliance will deliver investment reductions of up to 40 per cent in new models, strengthen each company’s existing leadership position in reference regions (core geographies), and synergise opportunities across all platforms, powertrains, and key technologies. For instance, by 2025, close to 50 percent of the Alliance models will be developed and produced under this scheme. Similarly, in new technology development, Nissan will take the lead in autonomous driving while Renault will lead Android-based platform for connected-car technologies.

EV Component Maker to Raise USD 3-3.5Mn to Set Up Manufacturing Plant

Bengaluru-based EV component maker, Entuple E-mobility is looking to raise USD 3-3.5 million of equity to set up a 150,000 unit capacity electric powertrain manufacturing plant. The new facility will manufacture five types of hub-mounted motors and controllers for e-two wheelers. The company also plans to upgrade its existing facility that makes frame-mounted motors from the existing 6000 powertrains to 96,000 units per year.