Govt Reduces Subsidy For Electric Two-Wheelers Under FAME-II Updated On Mon, May 22nd, 2023 by Saurenergy In its latest notification, the Ministry of Heavy Industries has ordered reduction in subsidies for electric two-wheeler vehicles under the Faster Adoption of Manufacturing of Electric Vehicles (FAME)-II scheme. The new provisions will be rolled out in India from June 1, 2023. With the reduced hand-holding support from the government, the electric two-wheeler prices are […] Read more
Hyundai & Shell Partnership To Pave Way For Expansion Of EV Charging Network Updated On Fri, May 19th, 2023 by Saurenergy Hyundai Motor India Limited (HMIL) and Shell India have entered into a partnership to expand the charging infrastructure for electric vehicles in India. The two firms have partnered up to install 60 kW DC Fast Chargers across 36 Electric Vehicle (EV) dealerships of Hyundai Motor India. Shell has also set sights on establishing DC 120 […] Read more
MCD Plans Rooftop Solar at Public Spaces in Delhi Including EV Charging Stations Updated On Fri, May 19th, 2023 by Saurenergy The Municipal Corporation of Delhi (MCD) has inked a Memorandum of Understanding (MoU) with the Solar Energy Corporation of India (SECI) and NTPC (National Thermal Power Corporation to set up solar power panels on all buildings of MCD that are suitable for the purpose. The local body has already added more than 11 MW of […] Read more
India Below Asian Average in Electric Vehicle Penetration; CY 2022 Pegged at Just 1.1% Updated On Thu, May 18th, 2023 by Saurenergy As per a research by S&P Global Ratings, India’s EV penetration is a laggard in CY 2022 when compared against other Asian countries. The percentage of EV penetration in the said year was a mere 1.1%, signficantly lower than the Asian average pegged at over 17 per cent. Not surpisingly, the penetration of electric vehicles […] Read more
Tesla’s Reignites Ambitions for Setting Up EV Plant, Pushing EV Sales in India Updated On Thu, May 18th, 2023 by Saurenergy American automotive giant Tesla is keen to extend its reach in India and is mulling over the domestic incentives that it can avail with relation to car and battery manufacturing. It held discussions with government officials recently towards this goal. Tesla is looking to establish a factory in India, where it aims to build electric […] Read more
Sona Comstar, Equipmake To Make Electric Powertrains For Indian Vehicles Updated On Tue, May 16th, 2023 by Saurenergy Gurugram-based automotive technology company Sona BLW Precision Forgings Ltd, or Sona Comstar, has signed a technology licensing agreement with UK-based tech firm Equipmake which has developed high-performance electric powertrains. The patented technology of Equipmake offers high power density and efficiency with high performance, making it ideal for electric cars, buses, and commercial vehicles. Under the […] Read more
Delhi Set To Welcome New Electric Vehicle Policy Updated On Mon, May 15th, 2023 by Saurenergy Delhi’s Electric Vehicle Policy will expire this August. Officials maintain that 86% of the targets that had been set it by it have been achieved. Further, the government has disbursed subsidies in the EV sector worth INR 154 Cr. The Delhi government has already begun work on a revised version of the draft policy and […] Read more
Mufin Has Disbursed Highest Loans in Uttar Pradesh: Pankaj Gupta, Mufin Green Finance Updated On Mon, May 15th, 2023 by Saurenergy Mufin Green Finance, which claims to be India’s first listed NBFC dedicated to green financing, began its journey in 2016 with E-rickshaws way back. The firm claims a market share of 5% in e-rickshaw financing and says it has been able to keep the NPAs as low as 1.92%. With a portfolio dominated by borrowers […] Read more
E-Bike Startup Heybike Launches Advanced Fully Foldable Electric Bikes Updated On Fri, May 12th, 2023 by Saurenergy United States (US)-based electric bike startup Heybike has launched its latest series of e-bikes to cater to the needs of environment-friendly commuters. The series is named ‘Ranger S.’ The company said the new series of e-bikes are lightweight. It uses aluminum alloy and is corrosion-proof and rust-resistant. They are one of the most advanced e-bikes […] Read more
