Ola Raises Rs 400 Cr For its Electric Mobility Plan Updated On Wed, Mar 6th, 2019 by Saurenergy This was the first round of investment for Ola Electric, which reportedly is running several pilots to deploy electric vehicles and charging solutions. Ola Electric Mobility, the company backed by Indian car aggregator Ola, announced on Friday that it has successfully raised Rs. 400 crores (roughly $56.4 million) in a funding round led by several […] Read more
BHEL Installs First Solar-Powered EV Charging Stations on Delhi-Chandigarh Highway Updated On Wed, Mar 6th, 2019 by Saurenergy The project is covered under the Department of Heavy Industry’s FAME scheme. State-run Bharat Heavy Electricals Ltd. (BHEL) said the company is setting up a network of solar-based electric vehicle chargers on the Delhi-Chandigarh highway. The project is covered under the Department of Heavy Industry’s FAME scheme (Faster Adoption and Manufacturing of (Hybrid) & Electric […] Read more
Govt Okays 2nd Phase of Grid Connected Rooftop Solar Prog to Target 40 GW by 2022 Updated On Wed, Feb 20th, 2019 by Saurenergy The programme will be implemented with total central financial support of Rs 11,814 crore. In a bid to achieve the ambitious targets of 40 GW cumulative capacity from Rooftop Solar (RTS) Projects by 2022, the government has provided its consent for the Phase-II of grid connected rooftop solar programme. As per the Cabinet Committee on […] Read more
SMEV Demands Rs 20,000 Cr for Promoting EVs in India Updated On Thu, Jan 17th, 2019 by Saurenergy SMEV expects the government to target at least one million EVs in top-10 most-polluted cities across India. Electric vehicle makers’ body Society of Manufacturers of Electric Vehicles (SMEV) has asked for an allocation of Rs 20,000 crore in the next two years for promoting EVs in the country and also urged the government to impose a “notional green cess” […] Read more
BHEL to Set Up EV Charging Points on Delhi-Chandigarh Highway Updated On Thu, Jan 17th, 2019 by Saurenergy India is pushing for greater use of electric vehicles to reduce vehicular pollution and cut dependence on oil imports. State-owned Bharat Heavy Electricals Ltd (BHEL) has announced that it will set up a network of solar-based electric vehicle chargers (SEVC) on the Delhi-Chandigarh highway. “The establishment of EV chargers at regular intervals over the entire […] Read more
Delhi Government Invites Comments on Draft Delhi Electric Vehicle Policy 2018 Updated On Thu, Nov 29th, 2018 by Saurenergy The policy aims to reduce Delhi’s pollution by taking care of vehicular emission focusing primarily on incentivising the purchase and use of electric vehicles. Arvind Kejriwal led Delhi Government has invited comments from the public on the draft ‘Delhi Electric Vehicle Policy 2018’ which was released recently. “With vehicular pollution being a consistent source of […] Read more
Tata Power Announces Q2 FY 2018-19 Result with 85% Increase in Consolidated PAT; Reaffirms Strong Operating Performance Updated On Mon, Oct 29th, 2018 by Saurenergy Reports 19% Increase in Renewables Ebitda at Rs 631 crore Reports strong all-round performance in H1 FY19. Consolidated underlying business EBITDA stood at Rs 2,668 crore for the quarter due to strong operating performance of all businesses Q2 FY19 Consolidated PAT was up 85% at Rs 393 crore as compared to Rs 213 crore in previous year mainly due […] Read more
World Bank Commits $1 Bn for Battery Storage to Bolster Renewables Globally Updated On Fri, Sep 28th, 2018 by Saurenergy Also, the program aims to finance 17.5 GWh of battery storage by 2025 – more than triple the 4-5 GWh currently installed in all developing countries. The World Bank Group has committed to investment USD 1 billion for a new global program to ramp up investments in battery storage for energy systems in developing and […] Read more
Hyundai Mulls to Roll Out EVs from its Chennai Plant Updated On Fri, Jun 29th, 2018 by Saurenergy Further, Hyundai Motor India Ltd (HMIL) is also targeting to cross the 10 million milestone in the first quarter of 2021. South Korean multinational auto maker Hyundai is mulling to roll out electric vehicles (EVs) from its plant in India, which is set to become one of its global regional headquarters with more responsibility for local […] Read more
