Top 5 EV news of the day
Here are the Top 5 EV news of the day.
SIAM thanks the GST Council for accepting its proposal
The auto industry body SIAM said that there must be long-term unambiguous electric vehicles (EVs) road map, welcoming the GST reduction on EVs and chargers.
The SIAM-Society of Indian Automobile Manufacturers, President Rajan Wadhera said regarding GST reduction from 12% to 5% that these will help the EVs to get popular and increase the penetration in the country, over the years.
He also said that the government’s vision to increase the eco-friendly mobility in India is acknowledged by the GST council by a reduction in GST rates. He thanks the GST council for accepting the recommendations proposed by SIAM which was given last year for the promotion of the EVs in India.
The automotive industry is going through a tough time and SIAM requested the government intervention to stimulate the demands so that the industries can turn around from these tough situations.
Hero Electric to raise funds for expansion of EVs in India
Hero electric to raise funds to finance the accelerated expansion for the electric vehicles (EV) in India. It is looking for an investment of about Rs 700 crore in the next three years to increase the production of its electric scooters to a capacity of 5 lakh units annually from about 1 lakh units this year.
The company Managing Director Naveen Munjal told that the expansion will be in the dealer network, manpower, product portfolio, and manufacturing and for that the funds are raised.
The company didn’t reveal the amount of fund to be raised by it but said that they already have an external investor, either the external investor will invest or they may get another one. At present, the Alpha Capital is the investor in Hero Electric outside of the Munjal family.
Honda’s first electric gets a full-width digital display
The Honda’s first all-electric, Honda e, gets a full-width digital display. It is starting to reveal the details of the car one by one for its electric hatchback. The full-width digital display is built into the dashboard with the 5 HD digital displays.
One at the right in front of the driver which is 8.8-inch digital instrument cluster which helps to check the information on power levels and charge status selected drive mode, etc. There are two 12.3 inch displays in the center of the dash which features multiple applications from its customized interface and with Apple CarPlay and Android Auto support. It can be used side-by-side and allows to share the content between two screens.
The other two displays are found at the edge of the dashboard and will help as rear-view mirrors since they display the feed from the side-view cameras. The infotainment system will feature Honda’s AI-based personal assistant which response to basic commands.
Honda will also give options for the users to control some functions such as battery-charge, driving-range monitors, climate control, security, and location monitoring.
Elon Musk hinted that Tesla EVs will run on Indian roads from 2020
Elon Musk hinted that Tesla EVs will run on Indian roads from 2020 during the Hyperloop Pod Competition, organized by SpaceX on July 21. This is not the first that Tesla CEO hints the plan to enter in India, earlier he also tweeted that he would love to be in India in 2019 or 2020. At present Tesla have a range of EVs such as Model 3, Model S and Model X.
Rajiv Bajaj says, if we keep dancing to policy changes of govt, we cannot concentrate on work
During the 12th annual general meeting (AGM) of Bajaj Auto, the father-son duo- the chairman Rahul Bajaj and Managing Director Rajiv Bajaj said the government regarding the EVs push and criticized the government for sending the confusing signals about the electric vehicles policy.
The duo father and son, criticized the government for being a denial of the growth and government’s flip flop on EVs made the auto industry, reeling from the slowdown and job losses and everything is confused. The auto industry is facing a huge slowdown in sales across the segments decreasing from month to month for a year.
“The government may or may not be saying this but there are clear-cut markings from the International Monetary Fund (IMF) and the World Bank, which shows a decrease in growth in the last three-to-four years. Like any government, they would like to show a happy face, but the reality is a reality,” Rahul Bajaj said.
Regarding NITI Aayog proposal to convert ICE vehicles to electric Rajiv Bajaj said, “Since the past two years, there have been a lot of flip-flops… Sometimes they blow hot, sometimes they blow cold. Sometimes they make very definitive statements. Their own colleagues contradict their statements. And people in the industry are quite confused actually.”
“We will not allow ourselves to be disrupted by government policies or be frustrated by it because India is only one of our markets and we have 90 markets to look after. So, if we keep dancing to policy changes of governments across the world, we will never be able to put our mind to our own work.”
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