Tata Power on Monday said its subsidiary Tata Power EV Charging Solutions has inked an agreement with India Oil Corporation Ltd (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, a statement said. Tata Power EV […]
Category: Power
Power
Tata Power ties up with Indian Oil to set up over 500 EV charging stations
Tata Power EV Charging Solutions Ltd (TPEVCSL) on Monday announced that it has signed a memorandum of understanding (MoU) with Indian Oil Corporation Limited (IOCL) to install over 500 electric vehicle (EV) charging points across the country. Tata Power will set up the stations at IOCL’s retail outlets. “This strategic collaboration focuses on building a […]
Adani Group Ebitda surges record 47% in first half to cross Rs 43,000 cr
Adani Group on Monday said pre-tax profit or Ebitda of its portfolio companies that span from apples to airports jumped 47 per cent in the first half of the current fiscal year to Rs 43,688 crore on growth across businesses. “Core infrastructure businesses that provide a high degree of predictability, stability and multi-decadal visibility contributed […]
Adani Green Energy to raise $410 million to refinance 2024 dollar bond
Adani Green Energy Ltd. plans to raise about $410 million via new bond issuance to refinance a dollar note maturing in a roughly year’s time, according to a filing to Singapore’s stock exchange. The refinancing plan for Adani Green’s $500 million Dec. 10, 2024 bond, dated Dec. 8, fulfills a requirement laid out in the […]
Okinawa acknowledged violating FAME scheme: Govt in Delhi High Court
The government in the Delhi High Court said that the electric two-wheeler (e2W) manufacturer Okinawa Autotech International Private Limited (Okinawa) should not be granted interim relief in the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) violation case as they themselves have ‘acknowledged’ that they have ‘violated the scheme.’ Okinawa, the first original […]
India’s plan for 50,000 electric buses on its roads gets support from US
The $390 million fund will act as a guarantee for manufacturers seeking loans to expand production, Indian and US officials said at a side event at COP28. India currently only has 12,000 e-buses in operation. The payment security mechanism, established with $150 million from the US government and philanthropic groups, and $240 million from the […]
India’s transport sector’s electrification push major opportunity: US envoy
Calling the electrification drive in India’s transport sector one of the most significant opportunities, US Special Envoy on Climate Change John Kerry on Saturday said the quicker India pursues this initiative, the more it mitigates greenhouse gas emissions, leading to a reduction in pollution and enhancement of the country’s overall security. Kerry said embracing rapid […]
Elon Musk forces eco-conscious Scandinavians to choose between EVs, unions
Elon Musk’s abrasive way of doing business may be hurting Tesla Inc. in a region that has embraced electric cars more enthusiastically than anywhere else. A small walk-out at Tesla’s seven repair shops in Sweden over unfair working conditions has in the past month spiralled into a storm of labor strikes and blockades among the […]
Full charge ahead: E2W sales likely to breach 1 million mark in 2024
India’s electric two-wheeler (E2W) sector is expected to cross the one million mark in 2024 fuelled by rising demand, increased production, and affordability, industry experts said, even as several original equipment makers are expanding their penetration to rural areas. Improved battery technology and innovative features are also likely to fuel growth, they said. “E2W sales […]
Maruti’s first EV with a range of 550 km set to be launched by March 2025
The country’s largest carmaker, Maruti Suzuki, is set to introduce its first electric car, the eVX, in the Indian market by next year in March, according to a report by Autocar India (ACI). The eVX will also have a Toyota version, just as there’s a Glanza for Baleno and an Urban Cruiser for Brezza. The […]
10,000 fuel stations now offering EV charging facilities across the country
Nearly 10,000 fuel pumps across the country are now offering electric vehicle charging facilities, signalling that traditional energy suppliers are in no mood to be left behind in India’s rapid shift to electric vehicles, The Economic Times reported citing oil ministry data. The country’s top fuel retailer, Indian Oil, is leading the race in setting […]
China may achieve circular economy in EV batteries before EU, US: Study
Researchers have predicted that China could achieve a circular economy in electric vehicle batteries before Europe and the US. They said that 2059 onwards, China will be able to employ recycling to meet its own demand for primary lithium for electric vehicles, obtained through mining. However, Europe and the US will not achieve this feat […]