1. Okaya receives an order of 600 EV chargers from Hindustan Petroleum.

Okaya EV Charging Solutions has bagged an order of 600 EV chargers from Hindustan Petroleum (HPCL). The order includes supply and installation of 60 kW & 120 kW CCS2 fast-chargers (with dual gun system).

In February this year, HPCL had placed an order of 1500 EV chargers with Servotech Power Systems.

2. Statiq installs a big EV charging station in Ayodhya.

EV charging company Statiq, in collaboration with electric cab service company MyEVPlus, has set-up an EV charging station in Ayodhya. The station has been installed at Laxman Kunj multi-storey parking (near Ayodhya Collectorate).

The charging station features one 60 kW DC fast-charger (dual gun) and four 9.9 kW AC chargers, each featuring three sockets of 3.3 kW, enabling simultaneous charging for 14 electric cabs.

3. Kerala-based EV charging startup ‘chargeMOD’ plans expansion.

EV charging startup, Kerala-based chargeMOD, is looking to expand its operations by installing 1000 slow chargers and 200 fast chargers across multiple states. In its home state Kerala, the company plans to set-up 500 slow chargers and 100 fast-chargers to further consolidate its presence.

The startup has recently bagged an investment of Rs 2.5 crore from Kerala-based Phoenix Angels.

Also, the company is preparing to introduce ultrafast EV chargers with capacities ranging from 120kW to 340kW.

4. Ola Electric to launch a passenger electric three-wheeler.

IPO-bound Ola Electric is set to expand its portfolio by introducing an electric auto named Raahi. Upon launch, the Ola Raahi will compete with Mahindra Treo, Piaggio Ape E-City and Montra Super Auto in the passenger e3w market.

Ola Electric is also ready with its IPO. Market experts say that the IPO will have radical implications for all EV players with respect to sentiments and strategies. It will be an assessment of investor confidence in India’s young electric vehicle market and Ola Electric's commercial framework. If the IPO is a success, it will not only fulfill the company's capital needs but also boost the overall market sentiment towards the electric vehicle sector in the country.

5. Government announces new scheme focusing on electric two and three-wheelers.

The Ministry of Heavy Industries has announced the ‘Electric Mobility Promotion Scheme (EMPS) 2024’ with a budget of Rs 500 crore. The new scheme will focus on boosting the sales of electric two & three-wheelers. The announcement comes right before the FAME-II scheme comes to an end and this new scheme will be valid for the next four months.

Union Heavy Industries Minister Mahendra Nath Pandey made this announcement. The scheme will be valid for four months April 1 onwards. Under the scheme, financial support of Rs 10,000 per two-wheeler, Rs 25,000 per small three-wheeler (e-rickshaws & e-carts) and Rs 50,000 per large three-wheeler, will be provided.

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