The overall retail sales of electric vehicles (EVs), including passenger vehicles, in the country surged nearly 185 per cent year-on-year to 1,11,971 units in October, automobile dealers’ body FADA said on Wednesday. EV sales stood at 39,329 units in October 2021. The total passenger EV sales rose 178 per cent to 3,745 units in October […]
Category: Power
Power
Carmaker SEAT to build Spain’s first electric vehicle battery plant
Spanish carmaker SEAT said on Wednesday that it plans to build Spain’s first electric car battery plant as part of a 10-billion-euro investment in the country’s electric car initiative. The Spanish government said last year that it would convert the country’s car manufacturing industry, the second-largest in Europe, with funds from the European Union’s post-pandemic […]
Qualcomm’s venture capital arm planning to pick up stakes in EV startups
In what could turn out to be a big push for the country’s auto sector, especially electric two-wheelers, global chip design maker Qualcomm’s venture capital arm is scouting around for domestic startups in the advanced auto tech space to buy equity stakes or go for a merger and acquisition. The company is also open to […]
Amazon, TVS Motor announce arrangement to scale up EV deployment
Amazon India and TVS Motor Company on Wednesday announced an arrangement that will deploy the vehicle maker’s electric two- and three-wheelers for the e-commerce firm’s last-mile deliveries. The two companies will examine using electric vehicles (EV) for the network and logistical requirements of various Amazon business groups. In order to test solutions, the two companies […]
Mahindra ties up with three EV infra players for charging solutions
Mahindra & Mahindra on Wednesday said it has tied up with three electric vehicle infrastructure partners — Jio-bp, Statiq, and Charge+Zone — to offer charging solutions for its upcoming range of passenger electric vehicles. With these partnerships, Mahindra EV users will get seamless access to a robust fast charging infrastructure and e-mobility solutions spanning across […]
CO2 emissions from buildings, construction sector hit new high: Report
Despite an increase in energy efficiency investment and lower energy intensity, the building and construction sector’s energy consumption and CO2 emissions have rebounded from the Covid-19 pandemic to an all-time high, a new report finds. Released at the latest round of the UN COP27 climate summit in Egypt, the 2022 Global Status Report for Buildings […]
Govt to finance green bond projects and initiatives under 9 categories
The Centre will finance projects and initiatives in nine broad categories through its ~16,000-crore green bond offering this year and future issuances. This would be in accordance with the new Green Bond Framework released by the finance ministry on Wednesday. The proceeds from green bond issuances will be deposited in the Consolidated Fund of India […]
Electricity is the heartbeat of development, says MP CM Shivraj Chouhan
Madhya Pradesh Chief Minister Shivraj Singh Chouhan has said that nothing can happen without electricity, it is the heartbeat of development. If the heartbeat stops, then all the work stops. Chouhan made the remark while addressing ‘Energy conservation, Uninterrupted Power Supply and Consumer Satisfaction Workshop and Award Ceremony’ in Bhopal on Wednesday. “Electricity does not […]
India saved $4 bn in fuel costs via solar power in first 6 mnths: Report
India saved USD 4.2 billion in fuel costs through solar generation in the first half of 2022 and 19.4 million tonnes of coal that would have further stressed an already strained domestic supply, according to a new report released on Thursday. The report by energy think tank Ember, the Centre for Research on Energy and […]
Aim to source 70% power requirement from solar energy in FY24: ABD
Allied Blenders and Distillers (ABD) on Wednesday said it plans to source 70 per cent of its power consumption from solar energy in the next financial year. In FY22, ABD’s units consumed approximately 27 lakh units of electricity from local electricity boards. “Allied Blenders and Distillers (ABD) Ltd, India’s largest domestic alcobev company, announced that […]
Tata Power Renewable Energy to set up 150 MW solar project in Solapur
Tata Power Renewable Energy said it has received a ‘letter of award’ to set up a 150 MW solar project in Solapur, Maharashtra. The project will be commissioned within 18 months from the power purchase agreement (PPA) execution date. “Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power receives the ‘Letter of Award’ […]
EV rates will come down once lithium batteries are made in India: Minister
Goa’s Power Minister Sudin Dhavalikar said on Tuesday that once lithium batteries are manufactured in India, the rate of electrical vehicles (EVs) will come down to half compared to the present prices. Dhavalikar, after disbursing subsidy to owners of EVs here, said that a tender will be floated for the installation of charging stations within […]