Power Consumption By EVs Up 216% In Maharashtra Updated On Tue, Aug 22nd, 2023 by Saurenergy In a sign of things to come across more and more states in India, the sale of power for electric vehicles in the state has increased by 216% in ten months — from 4.56 million units in September 2022 to 14.44 million units in July 2023, Chairman and Managing Director of Maharashtra State Electricity Distribution […] Read more
Ola Electric Recorded Sales of Rs 373 Cr in Fy22, Even as Losses Rose 4X Updated On Thu, Aug 10th, 2023 by Saurenergy Market leader Ola Electric has finally filed its Fy22 numbers a year behind schedule. And the numbers don’t make for pleasant reading, if you are an accountant. However, with it’s leadership in the 2 wheeler segment well entrenched for now, the firm will be expected to report a stronger set of numbers for FY23, as […] Read more
Eicher & Amazon Join Hands for 1000 Electric Trucks Updated On Thu, Aug 10th, 2023 by Saurenergy Eicher Trucks and Buses has joined hands with Amazon for the electrification of Amazon’s delivery network’s middle-mile and last-mile segments. 1,000 zero-emission electric trucks over the next five years will be introduced. Amazon will deploy 50 Eicher EVs (electric vehicles) all over the significant hubs, which will encompass Delhi, Manesar, and Gurugram. Eicher’s electric trucks […] Read more
EV Financing: Shell Foundation Backs Mufin Green Finance with INR 80 Million Updated On Tue, Aug 1st, 2023 by Saurenergy Mufin Green Finance, an electric vehicle (EV) financing company, secured funding of INR 80,000,000 from the UK-registered charity, Shell Foundation. The collaboration aims to establish a joint de-risking pool valued at $2 million, known as First Loan Default Guarantee (FLDG), to catalyze commercial debt. This strategic move is expected to enable Mufin Green Finance to […] Read more
Row Over Misuse of FAME-II Subsidies Reaches Parliament Updated On Wed, Jul 26th, 2023 by Saurenergy The ongoing controversy over the misuse of the Union government’s FAME-II scheme recently reached the corridors of the Indian Parliament. The development comes after the Union government was recently forced to take action against the errant Electric Vehicle (EV) manufacturers who allegedly flouted the scheme norms to claim subsidy. In the latest Monsoon Session of […] Read more
India Requires 13L Charging Stations By 2030: CII Report Updated On Tue, Jul 25th, 2023 by Saurenergy A new report by the Confederation of Indian Industry (CII) on ‘Charging Infrastructure for Electric Vehicles’ claims that India would require around 13 lakh charging stations to cater to the growing electric mobility needs by 2030. It makes a case for the country to install around 4 lakh chargers for EV annually. The industry association […] Read more
9 EV Financing Startups in India Accelerating EV adoption Updated On Fri, Jul 21st, 2023 by Saurenergy The electric vehicle (EV) revolution in India is gaining momentum, driven by technological advancements, environmental consciousness, and government initiatives. With growing awareness of its benefits, electric vehicles (EVs) are emerging as a promising choice for prospective vehicle buyers. In the first half of CY2023, the EV sales crossed the 100,000-unit mark on average each month, […] Read more
DelEVery Launches Its Flagship Electric Loader ‘XL200’ At Rs 1.14 L Updated On Wed, Jul 19th, 2023 by Saurenergy Tamil Nadu-based Future Motors Corporation’s commercial fleet ‘Delevery’ has unveiled its new flagship two-wheeler electric loader named XL 200. It has been crafted especially to cater to the loading and delivery needs of commercial businesses in the Indian market demands. The company has kept the ex-showroom price of the new product at Rs 1,14,900. It […] Read more
BMW’s EV Deliveries In India Grow By 11% In First Half of 2023 Updated On Tue, Jul 18th, 2023 by Saurenergy BMW India, one of the leading luxury car makers in the electric segment in the country, reported an 11 percent growth in its total deliveries of electric vehicles (EVs) in the first six months of 2023. BMW Group India said it continued its dominance in the electric luxury segment. It attributed this to the most […] Read more
