EVreporter

India monthly EV Sales Trend for Dec 2024 In December 2024, India's EV market showed mixed results: E2W sales declined significantly, while E-rickshaws, e-carts, and e-buses recorded slight growth. Other segments experienced marginal declines. India's EV market achieved 19,48,957 unit sales in 2024, peaking at 2,19,527 units in October. Despite fluctuations, demand remained strong, showcasing increasing adoption trends. - In the E4W segment, Tata Motors dominated with over 46% market share, followed by Morris Garages India and Mahindra and Mahindra Limited [Automotive and Farm Equipment Business] in December 2024. - For E2W sales, Chetak Technology Ltd (Bajaj Auto) led the market, followed by TVS Motor Company Motors and Ola Electric in December 2024. - In the Passenger E3W L5 segment, Mahindra Last Mile Mobility, Bajaj Auto Ltd Auto, and Piaggio Vehicles Pvt. Ltd. emerged as the top players for December 2024. - For the Goods E3W L5 segment, Mahindra Last Mile Mobility, Bajaj Auto, and Omega Seiki Mobility led the market in December 2024. - In the E-rickshaw and E-cart segment, Yc Electric Vehicle, Saera Electric Auto Ltd., and Dilli Electric Auto Pvt Ltd (Citylife) were the top players for December 2024. #electricvehicles Read detailed analysis: https://lnkd.in/g2-JvhKN

BatX Energies opens lithium-ion recycling plant in UP - BatX Energies has inaugurated its 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐌𝐢𝐧𝐞𝐫𝐚𝐥𝐬 𝐄𝐱𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧𝐭 (𝐇𝐔𝐁-1) in Uttar Pradesh to recover lithium, cobalt, nickel, and manganese, aims to reduce import dependency - Building on its 𝐒𝐢𝐤𝐚𝐧𝐝𝐫𝐚𝐛𝐚𝐝 Black Mass production facility, the new plant transitions from a 21-month pilot to commercial scale, recycling various lithium-ion battery waste with in-house designed, advanced chemical processes. - Aligned with India’s 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐖𝐚𝐬𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐑𝐮𝐥𝐞𝐬 2022, the plant minimizes emissions, waste, and energy use while producing critical EV battery materials cost-effectively, adhering to strict ESG standards. - Utkarsh Singh 🇮🇳, Co-founder & CEO of BatX Energies, emphasized the company’s vision of creating a circular economy. He stated that by recycling used batteries and reintegrating critical materials, BatX aims to make battery recycling both sustainable and economically viable, with the goal of positioning India as a global hub for critical mineral refining by 2040. - Vikrant Singh, CTO and Co-founder, celebrated the culmination of four years of rigorous R&D and thanked key supporters, including Startup India, MSME, PSA Office for EU-TTC initiative, and EXIM Bank of India. Read more at- https://lnkd.in/gCrqXQTQ #batteryrecycling #sustainability

Tata Motors has launched a fleet of 𝐓𝐚𝐭𝐚 𝐔𝐥𝐭𝐫𝐚 9𝐦 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐛𝐮𝐬𝐞𝐬 for workforce transportation at its Pantnagar plant - It is operated by 𝐓𝐌𝐋 𝐒𝐦𝐚𝐫𝐭 𝐂𝐢𝐭𝐲 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝. - With this initiative, Tata Motors aims to provide electric transportation for 5,000 employees, saving an estimated 1,100 tonnes of CO2 annually. - The buses are powered by electricity from a 16MW solar energy plant, ensuring reliance on renewable energy. - The Tata Ultra EV 9m buses are equipped with 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐝𝐫𝐢𝐯𝐞𝐭𝐫𝐚𝐢𝐧, 𝐑𝐞𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐯𝐞 𝐛𝐫𝐚𝐤𝐢𝐧𝐠, 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 - This deployment extends Tata Motors' electric mobility projects, with over 3,100 e-buses operating across 10 cities, collectively covering 24 crore kilometers with a uptime of 95%. - At the launch, 𝐕𝐢𝐬𝐡𝐚𝐥 𝐁𝐚𝐝𝐬𝐡𝐚𝐡, 𝐕𝐏 𝐚𝐧𝐝 𝐇𝐞𝐚𝐝 — 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬, 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬, reaffirmed Tata Motors’ aspiration of achieving net-zero greenhouse gas emissions by 2045. He further adds, the Pantnagar plant stands out as a pioneer in sustainability, being a Zero Waste to Landfill and water-positive certified facility. Read more at- https://lnkd.in/gwq--dmF #electricvehicle #electricbus

Zypp Electric, an EV-based last-mile delivery service provider, has partnered with e-Sprinto, an OEM manufacturing e-2Ws. e-Sprinto will deploy 30,000 high-speed e-2Ws into Zypp Electric’s fleet over the next three years. The OEM will also provide after-sales service and support for delivery personnel.  Rashi Agarwal | Atul Gupta

Taiwanese motor company TECO Electric & Machinery Co., Ltd. secured an order to produce 55,000 EV powertrains for India earlier this year. This includes 5,000 powertrains for 9-meter and 12-meter e-buses and 50,000 for light commercial vehicles. Temico Motor India Private Limited (a 60:40 Joint Venture between TECO and Mitsui & Co., Ltd.) is a subsidiary of TECO established in Bangalore in 2020, with a plant inaugurated in November 2023. Temico will manufacture these electric powertrains. #powertrain #electricvehicles #commercialvehicles

10 Questions with Uday Narang, Founder Omega Seiki Mobility. Key takeaways: 💰Market price sensitivity for electric LCVs: Uday believes that the market price for a one-ton electric LCV should ideally range between INR 6 to 7.5 lakhs, which aligns with what customers are paying for the Tata ACE ICE. 🔧 Service Infrastructure: Uday highlighted the need for robust service infrastructure and spare parts availability to ensure the functionality and reliability of electric vehicles. 🌍 Global Ambitions: OSM's EV factory in the UAE is under development. 🤝 Strategic Partnerships: With EXEDY Corporation, IndoFast Energy and Exponent Energy https://lnkd.in/gvbrNHTS #electricvehicles

Greaves Electric Mobility (the EV OEM with Ampere brand) files for IPO to raise INR 1,000 crores. Parent company Greaves Cotton Limited will sell 5.1 crore shares, while investor Abdul Latif Jameel Green Mobility Solutions will sell over 13.8 crore shares. Currently, Greaves Cotton holds a 62.48% stake while Abdul Latif Jameel Green Mobility Solutions DMCC has a 36.44 percent stake in the firm. #electricvehicles

India is the world’s third-largest energy consumer and one of the fastest-growing economies. As the nation strives to meet its growing energy demands and reduce its carbon footprint, biofuels have emerged as a promising alternative. According to Vivek Sharma, Principal Analyst at S&P Global Mobility, biofuels are pivotal in India’s transition to a more sustainable energy future. This article explores the role of #biofuels in India’s energy landscape, government initiatives to promote their use, and the challenges and opportunities for scaling up biofuel production and consumption in the country. https://lnkd.in/gTgwkkRa

Nissan, Honda, and Mitsubishi Motors have signed an MOU to explore a potential business integration with a focus on intelligence and electrification. The partnership aims to address transformative changes in the automotive industry by leveraging mutual synergies. - Mitsubishi Motors may join Nissan and Honda’s discussions on forming a joint holding company. It plans to finalize its decision on participation by January 2025. Nissan Director, President, CEO and Representative Executive Officer Makoto Uchida said: “Honda and Nissan have begun considering a business integration, and will study the creation of significant synergies between the two companies in a wide range of fields. It is significant that Nissan's partner, Mitsubishi Motors, is also involved in these discussions. We anticipate that if this integration comes to fruition, we will be able to deliver even greater value to a wider customer base.“

EV motor technology company Naxatra Labs has raised its seed round, led by GVFL, Mohit Tandon (Co-founder, Delhivery), and Himanshu Aggarwal (Founder, Aspiring Minds). The round also saw participation from Nithin Kamath’s Rainmatter Foundation, Vijay Shekhar Sharma, Aloke Bajpai & Rajnish Kumar (Co-founders, Ixigo), Narayan (Ather Energy) and Sunil Kalra, among others. Mihir Joshi Naxatra Labs specialises in developing compact axial and radial flux motor technology for electric vehicles, agriculture machines and power tools. The company is currently setting up its production line in Ahmedabad. Abhilash Maurya #electricvehicles #powertrain #motor