Electric vehicles (EVs)- India market trends
New product launches
Tata Nexon electric vehicle will make 0-60 kmph in 4.6 seconds. The Nexon EV will have a warranty of eight years or 1.60 lakh kilometres. Tata Nexon EV will have 30.2 kWh high energy density lithium-ion battery pack. The Nexon EV might be priced between Rs 15 lakh (ex-showroom) and Rs 17 lakh (ex-showroom).
It should be noted that the upcoming Tata Altroz, which will be launched in January 2020 will offer a naturally-aspirated 1.2-litre petrol engine and a 1.5-litre diesel engine option. The EV version of the car may use the battery pack similar to the Tata Nexon EV.Similarly, the upcoming Altroz EV might get a liquid-cooled battery pack that will power the electric motor for a maximum range of around 300 km. It should be noted that the Altroz EV could become one of the first premium electric hatchbacks in India.
TVS will also be launching its own electric motorcycle Creon, expected to cost between INR 72K to 82K. The bike is backed by a lithium-ion battery and can go up to 100 Km per hour from idle within 5.1 seconds. Besides Creon, TVS will also be launching Zeppelin next year. The company has also launched other electric and hybrid two-wheelers like iQube in 2018.
Porsche plans to start selling its electric Taycan model in India next year, in a bet that ultra-rich Indians are willing to splash out as much as $370,000 on an electric car to boost their street cred.
The I.D Crozz will provide an insight into what the company’s future SUV, VW plans to extend to 23 all-electric vehicles, by 2025.The new I.D. Crozz is a middle ground between SUV and a four-door coupe
Future plans and partnerships
In June 2018, Fiat Chrysler Automobiles had announced its five-year strategic plan that has a major focus on electrifying all the corporation brands. Jeep will be among the fastest subsidiary brand of the Italian car manufacturers to adopt electrifications.
The British automaker is in fact now planning to invest Rs 3,000 crore more in the Indian market if a company official is to be believed. A recent report cites the official mentioning that the company will stay bullish on the market and pour in the extra investment in addition to the Rs 2,200 crore it has already invested in setting up its plant at Halol in Gujarat.
Tata Motors, which nudged ahead of Mahindra & Mahindra to grab a key government order for electric vehicles is banking on the new Nexon EV to grab the leadership position in the nascent yet growing local EV market.With the introduction of the compact Nexon EV SUV, which is targeted at personal buyers, the company is expecting its sales of EV models to double in the next fiscal year starting April 2020, president of electric mobility and corporate strategy Shailesh Chandra told ET.
The largest vehicle maker of India Tata Motors Ltd is reportedly in consultation with Chinese automobile companies for an agreement for the expansion of passenger vehicles business in India. The sources confirm that possible collaboration with Chinese automobile companies could include technology development for electric mobility, manufacturing capacities, and development of engines and platforms along with other aspects of the business.
With this partnership, EESL seeks to deploy around 250 EVs and fast-track the adoption of e-mobility within private and government agencies across India, starting with Telangana, Karnataka and Andhra Pradesh.
The company, which will initially assemble them from a temporary leased facility in Telangana and roll out e-vehicles, plans to invest up to $100 million in India over the next three years for setting up a new manufacturing complex near Krishnapatnam in Andhra Pradesh.
Policy and regulatory changes
The insurance regulator has been busy at work in 2019 laying the groundwork to make motor insurance a simpler product. A separate third-party insurance category for electric vehicles (EVs) was issued. Further, to increase the sale of EVs, the third-party motor insurance premium for electric vehicles are issued at a discount of 15 percent.
|Tender name||Tendering authority||Location||No. of vehicles/ type||Other details||Bid submission date|
|KSRTC,250 Electric Buses, Dec 2019||KSRTC||Kerala||250 electric buses||Earnest Money Deposit: INR 6 Million||2-Jan-2020|
State-run Energy Efficiency Service Ltd (EESL) is expanding EV charging infrastructure across the national capital one EV charging station at a time. The latest one to join the list is one commissioned by the EESL in collaboration with South Delhi Municipal Corporation (SDMC). South Delhi’s first electric vehicle charging station has been inaugurated at a car park in Grater Kailash I N Block Market.
Other interesting reads
The two most populated nations in the world have set a course towards the adoption of electric vehicles. Where does India stand in terms of EV adoption vis-a-vis China?
Hyundai Motor India today kicked off a drive of the Kona Electric to the base camp of Mt. Everest. The trip will cover 435 miles and reach an altitude of 17,000 feet. The Kona EV is the first electric car to reach this height at Mt. Everest. But the drive takes place against a backdrop of nearly non-existent EV sales in the world’s fourth-largest automotive market.
The de-growth in the automobile sector is expected to fall in the next calender year. The current year saw a recession of 18% to 19% in the car sales, which is expected to come down to around 15% in the coming year, said N Raja, deputy managing director of Toyota Kirloskar Private Limited.
Every of those e-buses prices round Rs 1.50 crore. Nagpur: Unable to take care of its current monetary disaster, the BJP-ruled Nagpur Municipal Company (NMC) has determined to lose 60 electrical buses being sponsored by the central authorities. Now, the civic physique will procure solely 40 electrical buses underneath the central authorities’s FAME Section-II.
On average, EV batteries lose about 2.3% per year—or 23 miles for an EV with a 200-mile range over five years. Geotab suggests at that rate most batteries will outlast the useable life of their vehicles (fleet owners often auction off their vehicles after 100,000 miles). Or it may change how long fleet owners retain their vehicles.
New models are slated to arrive in 2020 from Audi, Porsche, Volvo and Polestar, Mercedes-Benz, MG, Mini and a new player on the local scene, EV Automotive. It will see more electric vehicles (EVs) on local roads in a country that is still lagging behind the global shift to zero emissions transport.
Volkswagen will introduce 34 vehicle models in 2020 as the automaker pushes into the electric car market.The models include eight electric or hybrid vehicles, VW announced Thursday. They will also include 12 SUVs — a category that has been key in the brand helping to recover from its emissions scandal.Volkswagen chief operating officer Ralf Brandstatter said in a press release that the brand will invest 19 billion euros in “future technologies” through 2024, including 11 billion euros in its electric vehicles.
Ford announced a billion-dollar investment in two manufacturing plants near Detroit, slated to create 3,000 new jobs. The money will be divided between two plants, both of which will work on creating electric parts for cars. This investment comes as auto sales tick up for the U.S. and demand for electric cars rises.
the U.S. Department of Energy’s (DOE’s) Advanced Research Projects Agency-Energy (ARPA-E) announced up to $55 million in funding for two programs to support the development of low-cost electric aviation engine technology and powertrain systems.
China’s EV slump in November was shocking, and sales plunged 43.7% on year to 95,000 units after October recorded one of the fastest declines for the year, reported China Association of Automobile Manufacturers (CAAM).
Just over a year ago, electric vehicles were as popular in the Netherlands as they were in many other countries (not popular). They accounted for approximately 2% to 4% of the market. Then came an incentive change — putting an end to the “Tesla subsidy.” The country ended incentives for the portion of the car price above €50,000.
BMW has delivered half a million electrified cars to customers worldwide, the company said in a statement Thursday.”Half a million vehicles is the best proof: Our broad range of electrified vehicles is meeting exact customer needs. Now, we are stepping up the pace significantly: We aim to have one million electrified vehicles on the roads within two years. This is our contribution towards effective climate protection,” Oliver Zipse, Chairman of the Board of Management of BMW AG said Thursday.
Australia may be a laggard in electric vehicle uptake, but at least the number of public fast chargers has more than doubled since 2018. Installed by a handful of network providers including Chargefox, motorist’s association NRMA, the Queensland government and most recently, Evie Networks, the total number of public DC fast chargers now exceeds 100 locations.
Panasonic and BYD saw sharp declines in sales of electrified-vehicle batteries in October as demand weakened in the U.S. and China, SNE Research said. Measured by capacity, sales by Panasonic fell 38%, while BYD’s plunged 66%, causing it to lose its No. 3 ranking to South Korea’s LG Chem, the research firm said Thursday. Sales by market leader Contemporary Amperex Technology declined 17%.