NEW DELHI: As the Niti Aayog steps up to finalise the ‘Battery Swapping Policy’ for electric vehicles (EVs), automobile industry and some government departments have flagged their concerns over the plan to fix parameters like the dimension of batteries while standardising the swapping norms, TOI has learnt. According to sources, they have said such a […]
Category: Power
Power
EV sales to hit 8L-9L units this fiscal: SMEV
Chennai: India’s EV sales are all set to hit 800,000-900,000 units this financial year — a trebling of numbers from 340,000 units in FY21-22. “Other than the fires everything that had to happen right has happened right with petrol prices going northward, critical mass of EV sales, new products with good range and customers getting […]
Battery-swapping: Industry wants inclusion of higher-range vehicles in policy
Chennai: Battery swapping for electric vehicles (EVs) should focus on higher-range vehicles, as lower availability of docks initially would force users to make detours for a swap, industrialists said. This came in response to a draft policy by government think tank Niti Aayog. They, however, agreed that swapping was a welcome move to jump-start the […]
Electric Vehicle sales to hit 8-9Lakh units this fiscal year: SMEV
India’s EV sales are all set to hit 800,000-900,000 units this financial year — a trebling of numbers from 340,000 units in FY21-22. “Other than the fires everything that had to happen right has happened right with petrol prices going northward, critical mass of EV sales, new products with good range and customers getting the […]
Chinese EV maker Nio to make self-developed battery packs from 2024
SHANGHAI: Chinese electric-car maker Nio said that in 2024 it will start making high-voltage battery packs that it has developed itself, as part of a drive to improve profitability and competitiveness to take on rivals such as Tesla. Nio, plans to start producing an 800-volt battery pack in the second half of 2024, its chairman […]
Climate change may impact India’s future renewable energy production
India has an ambitious target of increasing its renewable energy capacity to 175 GW by 2022 and 500 GW by 2030 as part of its nationally determined contribution (NDC) in the global combat against climate change, but a new research on Thursday indicates that climate change is expected to impact future renewable energy production. It […]
China advances plans for space solar power plant
China has advanced its plans to launch a space solar power plant programme in 2028, two years ahead of the original schedule, according to a new paper. The nation, earlier, aimed to put a 1 megawatt solar energy station in space by 2030. According to the updated plan, published in the peer-reviewed journal Chinese Space […]
Maruti Suzuki sets up 20 MWp solar power plant at Manesar plant
NEW DELHI: Maruti Suzuki India (MSI) on Monday said it has set up a 20 MWp solar power plant at its Manesar-based manufacturing facility. The initiative will contribute 28,000 MW per annum, which is equivalent to the energy required for the production of over 67,000 cars annually. “Harnessing renewable energy is the need of the […]
Essar Power sells transmission line to Adani Transmission for Rs 1,913 crore
NEW DELHI: Essar Power Ltd on Friday said it has agreed to sell one of its two electricity transmission lines to Adani Transmission Ltd for Rs 1,913 crore. The sale is a part of deleveraging strategy following which Essar has repaid over Rs 1.8 lakh crore to banks and financial institutions in the last three […]
Adani buys Essar’s power line biz in central India for Rs 1,913 crore
MUMBAI: Adani Group, India’s third-most valued conglomerate, has agreed to buy Essar Power’s transmission business in central India for Rs 1,913 crore. The deal will consolidate Adani’s presence in central India, while it will mark the exit of Essar from the power transmission business. The asset transacted is an operational 400kv transmission line linking Mahan […]
Jio-bp, MG Motor and Castrol in Electric Mobility partnership in India
In a development that is likely to boost electric vehicle (EV) adoption and mobility in India, MG Motor India and Castrol India are set to collaborate with Jio-bp to explore mobility solutions for electric cars. Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing […]
Japan’s Chubu Electric to purchase a stake in OMC Power of India
TOKYO: Japan’s Chubu Electric Power Co Inc will spend up to 5 billion yen ($39 million) to buy a 20 per cent stake in India’s rural renewable energy service company, OMC Power Private Ltd, through a third-party allotment of shares. OMC operates about 280 renewable energy plants to provide electricity for telecom companies, small and […]