Latest news with #FAMEII
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Business Standard
2 days ago
- Business
- Business Standard
Boson Cell leads India's march towards sustainable energy storage solutions
Boson Cell, which claims to be the first indigenous lithium cell manufacturing company, has officially launched two new variants—high-performance, cost-effective energy cells: 18350 B-30A and 21700 B-50A. This supports the Prime Minister's clarion call towards making India an Atmanirbhar destination for multiple industries, ensuring that the country's journey towards energy self-reliance and sustainable use of renewable energy is no longer a distant reality. Boson Cell is now at the forefront of the country's rapidly evolving lithium ecosystem, which is set to redefine the way India is perceived by the global audience. With India's lithium-ion battery market projected to skyrocket to $9.56 billion by 2030, Boson Cell is expected to become a critical enabler in key industries—especially clean mobility, consumer electronics, renewable energy, and the rapidly expanding drone market. Supported by forward-looking government initiatives such as FAME II, the PLI Scheme, and the Drone Shakti programme, the demand for reliable, affordable, and locally sourced battery technology is at an all-time high. 'Boson is not just another cell manufacturer—it's a symbol of India's technological prowess in powering sustainable solutions to address the requirements of the burgeoning futuristic industry that are banking on renewable energy,' said Guru Punghavan, Chief Executive Officer, Boson Cell. 'We're not only replacing imports but building smarter, cleaner, and more scalable energy solutions that can power the future of every Indian household, enterprise, and innovation. The cells, manufactured in three variants—Economy, Advanced, and Extreme—can aid the multi-dimensional requirements of battery manufacturers as well as individuals with smaller-scale needs. Quality is at the heart of Boson's promise, with each lithium cell undergoing rigorous multi-stage testing to guarantee safety and superior performance. These cells are designed for wide compatibility, powering a diverse range of applications including electric vehicles, drones, solar energy systems, power tools, and more.' Boson Cell's expansion is timed to capitalise on India's drone sector boom, fuelled by applications in agriculture, defence, logistics, and infrastructure. The Indian drone market is expected to reach $13 billion by 2030, creating a surge in demand for lightweight, high-density, and durable lithium storage solutions. With increasing government support for local drone manufacturing and operational adoption across sectors, Boson's high-performance cells are uniquely positioned to become the backbone of this unmanned aerial revolution. Manufactured through a sustainable, eco-conscious process, each cell embodies the company's steadfast commitment to sustainability, safety, and scalability—ensuring products that are both reliable and responsible. Boson offers cells at a lower cost compared to imported alternatives. Alongside affordability, the company provides faster turnaround times, shorter lead times, and lower minimum order quantities (MOQs) for distributors, enhancing operational flexibility and supply chain efficiency. Currently, Boson's products are available across Tamil Nadu, Karnataka, Kerala, and Andhra Pradesh, distributed through electronics retailers, supermarkets, and local kirana stores. Online accessibility is ensured via partnerships with Amazon, Flipkart, and Boson's own direct-to-consumer e-commerce platform. Looking ahead, Boson Cell is targeting a pan-India presence through modern trade and organised retail channels by the end of 2025. The company also plans to deepen its engagement in strategic sectors such as drone technology, electric vehicle manufacturing, and clean energy integration. With its cutting-edge technology, commitment to local manufacturing, and industry-focused approach, Boson Cell is not only powering India today—it is shaping the country's energy future.
Mint
3 days ago
- Automotive
- Mint
Government supports all green mobility, says heavy industries minister Kumaraswamy
New Delhi: Union heavy industries and steel minister H.D. Kumaraswamy has weighed in on the automotive industry's concerns about state governments equating hybrid and electric car incentives, stating that the government continues to support all clean fuel for automobiles. He said the government has incentivized hybrid cars under subsidy schemes such as FAME II, and hybrid ambulances under PM E-drive. In addition, under the PLI-Auto scheme, the government supports all kinds of fuels besides EVs, including CNG, LNG and biofuels. "Under the FAME-II Scheme, EV (electric vehicles) and hybrid version of e-4W was allowed for incentivization. Similarly, in case of PM E-drive scheme, a hybrid version of e-ambulances, that is, electric plug-in hybrid & strong hybrid shall be incentivized," said Kumaraswamy in an email interview with Mint. Also read: Ola Electric's founder Bhavish Aggarwal pays ₹20 crore to top up collateral as shares slide "Further, besides EV, the government supports all kind of fuels viz. CNG, LNG, and bio-fuels under the PLI Auto Scheme," he added. FAME, or Faster Adoption and Manufacturing of Electric (and Hybrid) vehicles scheme, ran for two iterations from FY15 to FY19, and from FY20 to FY24. Currently, the PM E-drive scheme has replaced the FAME schemes. Under all these schemes, consumers could purchase electric vehicles at a subsidized price. The government then reimbursed manufacturers the difference. PLI-Auto is a ₹25,938-crore production-linked incentive scheme for automobiles and automotive components, announced in 2021. It provides incentives to automakers to manufacture vehicles that run on green fuel. Mint reported on 29 May that leading electric car makers Tata Motors Ltd, Mahindra and Mahindra Ltd and Hyundai Motor India Ltd are up in arms over the Delhi government's draft paper proposing equal incentives for hybrid cars and electric vehicles. On the issue of supply disruptions of rare earth magnets from China, the minister said the automotive industry has sought help from MHI, and that "MHI and the government of India" are actively working with industry stakeholders to understand the issue and find solutions. Kumaraswamy also said battery makers in the country have faced hurdles in meeting timelines under the production-linked incentive scheme for advanced chemical cells (PLI-ACC) due to unavailability of technology, skilled manpower, and upstream components, besides challenges in importing essential equipment and machinery. He clarified however, that by 2030, India will have indigenous ACC capacity of over 100 gigawatt-hours. Also read: Rahul Jacob: Manufacturing is crying out for a reality check "However, with support and hand holding M/s Ola Cell Technologies Private Limited (OCTPL) has reported successful installation of 1.4 GWh capacity," said the union minister. "Apart from the PLI beneficiary firms more than 10 companies have already started setting up cell manufacturing unit for more than 100 GWh capacity," he added. The problem echoes similar challenges faced by India's PLI scheme for solar modules, as Mint reported on Monday. The ₹18,100-crore PLI-ACC scheme was introduced in May 2021 to incentivize setting up of 50 gigawatt-hours of battery storage capacity. Three companies -- Rajesh Exports Ltd, Ola Electric Mobility Ltd, and Reliance Industries Ltd -- have been awarded 40 gigawatt-hour of storage capacity till date. This means the companies will receive benefits to set up every unit of battery capacity. Indian manufacturers are capitalizing on the heightened demand for cell components like Cathode active materials, Anode active material, aluminium and copper foils, with many companies setting up component manufacturing units in India to achieve higher value addition and strengthen supply chains. The ministry of heavy industries, which is also the nodal ministry for the PLI-Auto scheme, is expecting claims worth about ₹2,000 crore from the industry in FY26. Under the scheme, manufacturers have to claim incentives for the sales of zero-emission vehicles or other eligible components achieved in a fiscal year, in the following year. For instance, benefits for FY25 sales under the PLI-Auto scheme will be claimed and disbursed in FY26. Also read: India bulks up its drugs PLI scheme in renewed pushback against Chinese imports The expectation for FY26 claims come after a disbursal of ₹322 crore in FY25 to four manufacturers. This time, the minister said the government was expecting nine manufacturers to claim incentives under the PLI-Auto scheme. "Disbursal of incentive under PLI Auto is expected to increase over the years as the number of applicants achieving DVA certification increases as applicants are able to achieve localization as per scheme guidelines. Further, the applicants are expected to achieve DVA certification for more number of AAT products and variants. As more number of OEMs are likely to achieve DVA under the scheme in the coming years, the disbursal will rise in coming years," said Kumaraswamy. In FY26, state-run Bharat Heavy Electricals Ltd (BHEL) will aim to increase its revenue by 20-25% and double it's profits on the back of its existing orderbook of Vande Bharat trains, navy gun mounts, transmission lines, coal gasification projects, and boilers, the minister said. "In the current fiscal, BHEL is focused on consolidating project execution before expanding into newer domains," said the minister. 'We want BHEL to focus on delivery discipline first. Diversification into non-power sectors rail transport, defence systems, transmission and coal gasification will continue, and in some years, will contribute significant percentage of revenue." BHEL is also set to become the nodal agency for demand aggregation of electric vehicle charging infrastructure, and will develop an application to facilitate charging services, Mint reported on 21 May. On 2 June, the ministry notified the guidelines for the scheme to promote the manufacturing of electric passenger cars in India (SPMEPCI), which was launched in March 2024. The scheme allows foreign electric carmakers to import completely built-up units of their vehicles at a reduced import duty, in exchange for investing at least ₹4,150 crore towards manufacturing electric cars in India. They will be allowed to import 8,000 cars every year for five years at an import duty of 15%, as opposed to the 70% levy on imports otherwise. But electric carmakers have to achieve localization of 25% in three years, and 50% localization in five years to qualify for benefits under the scheme. Investments also have to be made in plant and machinery, electric vehicle charging systems, or research and development. American electric vehicle maker Tesla Inc. has not shown interest in the scheme yet, Kumaraswamy had said on 2 June in a press conference. But other manufacturers including Mercedes Benz, Hyundai, Kia, and Skoda-Volkswagen had shown interest in the scheme, he said.
Time of India
29-05-2025
- Automotive
- Time of India
This state has over twice the EVs of Delhi or Maharashtra: Check numbers
Uttar Pradesh has over twice the EVs of Delhi or Maharashtra. When it comes to electric vehicle adoption in India, Uttar Pradesh has surged ahead of other states, and not by a small margin. With 4.14 lakh registered electric vehicles, the state has more than twice the number of EVs compared to Delhi (1.83 lakh) or Maharashtra (1.79 lakh), as noted according to an official statement released on Wednesday. This milestone not only places Uttar Pradesh at the top of the EV registration chart but also reflects its growing role as a leader in the country's e-mobility landscape. The state's proactive policies, infrastructure push, and massive adoption of e-rickshaws have made it the biggest beneficiary under the Centre's FAME I and FAME II schemes , PTI reported. A large part of UP's success comes from its Electric Vehicle Manufacturing and Mobility Policy 2022, introduced by the Yogi Adityanath-led government. The policy targets an ambitious Rs 30,000 crore investment and the creation of 10 lakh new jobs. This move is aimed at transforming the state into a global hub for EVs and battery production. Interestingly, e-rickshaws have emerged as the primary force behind UP's EV boom. These vehicles, which are widely used for local passenger and goods transport, account for 85% of the state's total EV sales. Their popularity in urban areas has helped drive large-scale EV adoption in a relatively short span of time. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Simple One review: Is this the EV to beat? | TOI Auto The state is also ramping up its EV infrastructure. Plans are already in motion to install over 300 new charging stations across 16 municipalities. Ayodhya is expected to get the largest share of these new charging points. Nationwide, India currently has around 33,000 EV chargers, but the charger-to-vehicle ratio remains far from ideal. While the global benchmark sits between 6 and 20 EVs per charger, India's ratio is still at 135, according to a study by Alvarez & Marsal. As of 2024, India has seen a significant uptick in EV adoption. Around 1.95 million electric vehicles were sold across the country this year, with daily sales averaging 5,325 units. The overall EV share in the automotive market rose to about 8%, up from 6.8% last year.
Hindustan Times
29-05-2025
- Automotive
- Hindustan Times
This state has maximum number of registered electric vehicles in India. Know more
Uttar Pradesh has 4.14 lakh registered electric vehicles, a significant higher number than Delhi and Maharashtra. Uttar Pradesh has 4.14 lakh registered electric vehicles, significantly higher than Delhi and Maharashtra. (Getty Images via AFP) Check Offers Uttar Pradesh has the maximum number of registered electric vehicles in India. The state currently has 4.14 lakh registered electric vehicles, surpassing even Delhi and Maharashtra. While Delhi has 1.83 lakh registered EVs, Maharashtra has 1.79 lakh. The electric vehicle population in these states are majorly driven by the EV policies of the respective states as well as the central government's FAME schemes. PTI has reported that Uttar Pradesh has also emerged as the biggest beneficiary of the Centre's FAME I and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) schemes, further bolstering its electric mobility efforts. The UP government launched its dedicated Electric Vehicle Manufacturing and Mobility Policy 2022, aimed at accelerating the adoption of EVs and building a robust charging infrastructure. With this EV policy, the UP government aims to attract an investment inflow of ₹ 30,000 crore and create 10 lakh jobs in the electric mobility sector. Also Read : Upcoming cars in India The report further states that e-rickshaws have been driving the growth of electric mobility in the state, accounting for 85 per cent of the electric vehicle sales in Uttar Pradesh. Recently, the UP government said it has approved the installation of over 300 new EV charging stations across 16 municipal bodies. Ayodhya, a rapidly growing tourist destination, is expected to see the highest number of new electric vehicle charging points. The state government has also prioritised the development of additional electric vehicle fast charging stations and the upgrading of existing facilities, claimed the report, while also stating that India currently has around 33,000 EV chargers, of which 35 per cent are fast chargers. According to a study by Alvarez & Marsal, India could have 102 million electric vehicles on the road by 2030, becoming a major player in the global electric mobility map. It also claims that the current EV-to-public charge ratio in India stands at 135, which is far above the global average of 6-20. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 29 May 2025, 07:17 AM IST
Time of India
29-05-2025
- Automotive
- Time of India
UP has maximum number of registered EVs
Uttar Pradesh has maximum number of registered electric vehicles in the country at 4.14 lakh, surpassing even Delhi and Maharashtra, an official statement said on Wednesday. While Delhi has 1.83 lakh registered EVs, Maharashtra has 1.79 lakh. Uttar Pradesh has also emerged as the biggest beneficiary of the Centre's FAME I and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) schemes, further bolstering its e-mobility efforts, according to the statement. The Yogi Adityanath government launched the Electric Vehicle Manufacturing and Mobility Policy 2022, aimed at accelerating EV adoption, and building a robust charging infrastructure. This has helped establishing Uttar Pradesh as a global hub for EV and battery manufacturing. "The policy aims to attract an investment inflow of Rs 30,000 crore and create 10 lakh jobs, setting the stage for transformative growth in the state's electric vehicle (EV) ecosystem," the statement said. "A key driver of this momentum is the widespread popularity of e-rickshaws, which now account for 85 per cent of electric vehicle (EV) sales in the state. These vehicles have proven highly effective for passenger and goods transport, particularly in urban areas," it added. In line with its focus on infrastructure, the UP government said it has recently approved the installation of over 300 new EV charging stations across 16 municipal bodies. "Ayodhya, a rapidly growing tourist destination, is expected to see the highest number of new charging points. India has around 33,000 EV chargers, of which 35 per cent are fast chargers. Given the rising demand, Chief Minister Yogi Adityanath has prioritised the development of additional fast-charging stations and the upgrading of existing facilities," it said. Projections suggest that India could have 102 million EVs by 2030. The current EV-to-public-charger ratio in India stands at 135, far above the global ideal of 6 to 20, as per a study by Alvarez & Marsal.
