1. MG Motors teams up with Reliance & Castrol to set up EV Charging Network across India.
MG Motors India has joined hands with Jio-BP & Castrol to launch an EV charging network across the country. The partnership aims to utilize Castrol’s existing auto service network to give Jio-BP an increased presence in the EV charging sector and allow MG EV owners to charge their cars. Through this deal, Castrol aims to provide service & repair facilities to electric cars as well.
The proposed EV charging network will cater to electric 4-wheelers. In April 2022, TVS Motors & Jio-BP came together to set up EV charging network for electric 2 & 3-wheelers. Customers will be able to access these upcoming charging stations through Jio-BP Pulse App.
2. Ahmedabad Municipal Corporation to adopt PPP model for setting up EV Charging Stations in the city.
The Ahmedabad Municipal Corporation (AMC) will float a tender to invite private players to set up EV charging stations in the city. The Municipal Corporation will initially set up 25-30 charging stations in Ahmedabad using PPP model.
The civic body will provide land, whereas equipment & manpower will be taken care of by the private investor. Apart from the income sharing model, the AMC will offer land at a nominal rate of Rs.1 per square metre, alongside exemptions from some building taxes. The list of charging stations will be uploaded & updated on the AMC website & app regularly.
3. Bangalore to get 13 EV Charging Stations under Smart City scheme.
To reduce range anxiety and promote green mobility, Bangalore Smart City Limited (BSCL) will set up 13 EV charging stations across the city.
The 1st of the 13 stations will be set up at Coles Park.
There are plans for a cafeteria at the charging station as well, where users can wait and relax while their EV is being charged. BSCL is carrying out this process in consultation with BESCOM. Apart from cafeteria, CCTV cameras, free wifi, sitting facilities, mobile phone charging points and dustbins will be included in the planned station area. Some of the other proposed locations for the charging stations include BESCOM HSR layout division office, BESCOM Panduranganagar, Indira Gandhi Musical Fountain, Cunningham Road, Infantry Road & Victoria Hospital.
4. Kia Motors launches the EV6 in India.
The Kia EV6 has been launched in the country at a price tag of Rs 59.95 lakh.
The EV6 sports a 77.4 kWh battery unit and the company claims a range of 528 km.
The e-car features two 12.3-inch screens for the instrument cluster & infotainment unit. Additionally, the car comes with an electric sunroof, a 14-speaker sound system, eight airbags and cruise control. The EV6 comes in 5 color options.
Kia now plans to manufacture an ‘India-centric EV’ with an affordable price-tag in the next 3 years.
5. Tata Motors & Ather record highest-ever EV sales in May 2022.
Tata Motors has recorded its highest-ever electric vehicle sales in the month of May 2022. The company registered a 6-fold YoY growth this May compared to the month last year.
Tata currently has 3 cars in its electric portfolio: the Tigor EV, Nexon EV & the newly launched Nexon EV Max. The Nexon EV has been the company’s best-selling EV consistently.
Amongst electric 2-wheelers, Ather Energy registered the company’s best-ever monthly sales in May. The Ather 450X & 450 Plus scooters achieved strong sales figures. The company also announced setting up of 8 new showrooms in Kerala.
6. Saudi Arabia-based group to invest in Greaves Electric.
Saudi Arabian group ‘Abdul Latif Jameel’ (also known as ALJ), has committed to invest $220 million in Mumbai-based Greaves Electric Mobility. The Jeddah-based ALJ will initially pay $150 million for a 35.8% stake in Greaves Electric.
The news made Greaves Cotton shares jump almost 14%. Greaves Electric is a part of Greaves Cotton, an Indian manufacturing company.
ALJ had previously invested in American EV startup Rivian and made billions as the investment proved successful. The group currently holds a stake of $3.5 billion in Rivian Automotive.
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