Latest news with #FasterAdoptionandManufacturingofElectricVehicles
News18
2 days ago
- Automotive
- News18
Tesla's Third India Showroom To Open Here; 51,000 Sq Ft Leased At Rs 40 Lakh Rent
Curated By : Satyaki Baidya Translation Desk Last Updated: August 06, 2025, 18:52 IST The agreement, registered under Tesla India Motors and Energy Private Limited, spans nine years. (Representative/PTI) Tesla, the renowned electric vehicle company led by Elon Musk, has commenced sales in India with the inauguration of its first showroom at Maker Maxity Mall in Bandra Kurla Complex (BKC), Mumbai. The company's second showroom in India is scheduled to open on August 11 at Delhi Worldmark, Aerocity. Recently, it has been revealed that Tesla will establish its third showroom in Gurugram, having leased approximately 51,000 square feet of super built-up area in Orchid Business Park on Sohna Road for a duration of nine years. This space will house a showroom, service centre, and warehouse. According to real estate analysis firm CRE Matrix, the rent for this property amounts to Rs 4.82 crore, translating to a monthly payment of around Rs 40 lakh. Tesla has paid Rs 2.41 crore as security deposit, with monthly rent due before the 7th of each month. This property includes a total of 51 parking spaces and the lease commenced on July 15, 2025, with registration completed on July 28. Rs 20.69 Lakh Paid As Stamp Duty The agreement, registered under Tesla India Motors and Energy Private Limited, spans nine years and required a stamp duty payment of Rs 20.69 lakh. Ownership of the property is divided among three entities: Suncity Real Estate LLP holds 21%, Orchid Infrastructure Developers Private Limited owns 3.06%, and Garwal Property Private Limited possesses the largest share at 75.94%. Why Tesla Picked Orchid Business Park Tesla has strategically chosen Orchid Business Park due to its proximity to major business and residential areas of Gurugram, aiming to cater to the Delhi-NCR demographic with its premium electric vehicles. Swipe Left For Next Video View all EVs Have Huge Potential In NCR The electric vehicle market in NCR is rapidly expanding, and Tesla's entry is expected to significantly influence this sector. Government initiatives such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme and reduced GST rates on electric vehicles have further stimulated the industry. Get the latest updates on car and bike launches in India — including reviews, prices, specs, and performance. Stay informed with breaking auto industry news, EV policies, and more, Also Download the News18 App to stay updated! view comments News auto Tesla's Third India Showroom To Open Here; 51,000 Sq Ft Leased At Rs 40 Lakh Rent Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Read More
Time of India
06-07-2025
- Automotive
- Time of India
ICE cars steal sales show so far this year, EVs in very slow lane
The electric dream is alive, with glitzy EV launches and a loud government push, but India's bumper-to-bumper traffic remains largely fossil-fuelled. Nine out of 10 cars sold in the first half of 2025 run on internal combustion engines (ICEs). While the government has set an ambitious target for electric vehicles to make up 30% of all passenger vehicle sales by 2030, carmakers are hedging their bets, underscoring the wide gap between policy ambitions and market reality. Maruti Suzuki , India's largest carmaker, sold 87% ICE vehicles - those run on petrol, diesel and CNG - in the January-June period, with hybrid and mild hybrid EVs making up the remaining 13%, data collated by market researcher Jato Dynamics showed. The ICE share of Mahindra & Mahindra, which currently sells three EV models in the country and has several more lined up, was 93% during the period while Kia posted near 100% ICE sales. Clearly, the electric transition remains aspirational for most players, as consumers stay anchored to familiar, affordable technologies and remain reluctant to make the switch. "This is the nature of transition-it's gradual, uncertain, and complex," said a senior official of a Delhi-based car company who requested not to be identified. By 2030, however, electric and hybrid vehicles will account for at least 30-40% of the market - a big leap from the current under 10%, he added. Even Tata Motors, the market leader in electric cars, sold 88% ICE vehicles in the first half. A spokesperson said the firm's multi-powertrain strategy spanning petrol, diesel, CNG, and electric is "about giving consumers the power of choice while preparing for future shifts." Only two manufacturers bucked the trend. Toyota, with a diversified approach, saw 55% of sales come from combustion engines, balanced by 29% hybrids and 16% mild hybrids. JSW MG Motor went all-in on electric, targeting urban buyers willing to pay premium prices. As a result, 81% of its sales came from battery electric vehicles (BEVs). The government is playing its part, continuing to offer FAME II (Faster Adoption and Manufacturing of Electric Vehicles) subsidies and pushing stricter emission norms. Yet, according to Ravi Bhatia , president of Jato Dynamics, price sensitivity and "charging anxiety" among consumers keep EVs largely confined to metro corridors. India's automotive landscape is not just vast, but deeply varied. Urban buyers prioritise convenience, while rural customers focus on affordability and durability. Some regions are seeing growing EV infrastructure, while others still struggle with basic electrification. That's why carmakers aren't putting all their eggs in one basket, Bhatia explained. CNG is gaining popularity in urban and semi-urban areas for its lower running costs. Diesel has lost its popularity but continues to dominate high-mileage segments such as SUVs. Petrol remains the most widely accessible fuel. Meanwhile, EVs are making quiet but steady inroads as infrastructure begins to improve. India's auto market could reach 7.5 million units by 2030, with electric and hybrid vehicles expected to capture a 30-40% share. Tata Motors has committed ₹33,000-35,000 crore toward its passenger and EV businesses from FY26 to FY30 to drive product-led growth, including seven all-new nameplates and 23 model updates across ICE, CNG and electric segments. As BS7 emission norms loom and global supply chains shift toward electrification, manufacturers are carefully balancing immediate consumer demand with long-term regulatory pressures. The question is no longer if the transition will happen, but which companies will survive the journey, industry executives said.
Time of India
05-07-2025
- Automotive
- Time of India
ICE cars steal sales show so far this year, EVs in very slow lane
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Renewables Tired of too many ads? Remove Ads The electric dream is alive, with glitzy EV launches and a loud government push, but India's bumper-to-bumper traffic remains largely fossil-fuelled. Nine out of 10 cars sold in the first half of 2025 run on internal combustion engines (ICEs).While the government has set an ambitious target for electric vehicles to make up 30% of all passenger vehicle sales by 2030, carmakers are hedging their bets, underscoring the wide gap between policy ambitions and market reality. Maruti Suzuki , India's largest carmaker, sold 87% ICE vehicles - those run on petrol, diesel and CNG - in the January-June period, with hybrid and mild hybrid EVs making up the remaining 13%, data collated by market researcher Jato Dynamics ICE share of Mahindra & Mahindra, which currently sells three EV models in the country and has several more lined up, was 93% during the period while Kia posted near 100% ICE the electric transition remains aspirational for most players, as consumers stay anchored to familiar, affordable technologies and remain reluctant to make the switch."This is the nature of transition-it's gradual, uncertain, and complex," said a senior official of a Delhi-based car company who requested not to be identified. By 2030, however, electric and hybrid vehicles will account for at least 30-40% of the market - a big leap from the current under 10%, he Tata Motors , the market leader in electric cars, sold 88% ICE vehicles in the first half. A spokesperson said the firm's multi-powertrain strategy spanning petrol, diesel, CNG, and electric is "about giving consumers the power of choice while preparing for future shifts."Only two manufacturers bucked the trend. Toyota, with a diversified approach, saw 55% of sales come from combustion engines, balanced by 29% hybrids and 16% mild hybrids. JSW MG Motor went all-in on electric, targeting urban buyers willing to pay premium prices. As a result, 81% of its sales came from battery electric vehicles (BEVs).The government is playing its part, continuing to offer FAME II (Faster Adoption and Manufacturing of Electric Vehicles) subsidies and pushing stricter emission according to Ravi Bhatia, president of Jato Dynamics, price sensitivity and "charging anxiety" among consumers keep EVs largely confined to metro automotive landscape is not just vast, but deeply varied. Urban buyers prioritise convenience, while rural customers focus on affordability and durability. Some regions are seeing growing EV infrastructure, while others still struggle with basic electrification. That's why carmakers aren't putting all their eggs in one basket, Bhatia is gaining popularity in urban and semi-urban areas for its lower running costs. Diesel has lost its popularity but continues to dominate high-mileage segments such as SUVs. Petrol remains the most widely accessible EVs are making quiet but steady inroads as infrastructure begins to auto market could reach 7.5 million units by 2030, with electric and hybrid vehicles expected to capture a 30-40% Motors has committed ₹33,000-35,000 crore toward its passenger and EV businesses from FY26 to FY30 to drive product-led growth, including seven all-new nameplates and 23 model updates across ICE, CNG and electric BS7 emission norms loom and global supply chains shift toward electrification, manufacturers are carefully balancing immediate consumer demand with long-term regulatory pressures. The question is no longer if the transition will happen, but which companies will survive the journey, industry executives said.
Mint
23-06-2025
- Automotive
- Mint
Keep off that brake pedal: India's EV transition has no time to lose
Electric vehicles (EVs) on Indian roads breached the 6.5 million mark in May 2025. With over 2 million EVs sold in 2024 and rising adoption across two-wheelers, three-wheelers and public transport, the groundwork is firmly in place, and we are ready for take-off. The stellar progress so far has been made possible by a forward-looking and purposeful policy push, starting from Faster Adoption and Manufacturing of Electric Vehicles (Fame) to the recent PM E-Drive and scheme for making electric passenger cars in India. There are several ongoing interventions and initiatives to address rampant bottlenecks in financing, credit mechanisms, charging networks and the battery value chain. So far, the government has spent more than ₹40,000 crore on incentives, which in turn has led India to a 7.8% share of EVs in annual vehicle sales. Also Read: Mint Quick Edit | India's EV bait: Who'll bite? We now need a well-calibrated push for large-scale adoption of EVs across India's cities, both big and small, without digressing from the national EV agenda; we must not risk derailing the impressive progress we have made thus far. The government has spent enormous funds to incentivize the automobile industry and battery ecosystem while taking decisive measures to localize manufacturing, ensure domestic value addition and enhance the uptake of the production-linked incentive scheme. While incentives and subsidies played a key role in market development, the path ahead requires setting up long-term expectations and visibility that can step up the momentum. The rapid addition of renewable energy to green India's power grid presents a unique opportunity to create a zero-emission value chain, from power generation to transportation. Globally, markets are moving decisively towards zero-emission vehicles (ZEVs), with strong policy signals to accelerate EV adoption. India must craft tailored strategies for different vehicle segments, given varying levels of market maturity. Clear market and regulatory signals are necessary to unlock long-term investment, reduce risk for manufacturers and financiers. This calls for a decisive shift: from incentives and subsidies to clear mandates, regulatory confidence and long-term innovative solutions contextualised for the Indian market. Also Read: Rare earths: China is choking its own prospects of leadership Holistic development of the battery ecosystem: To scale up EV adoption across modes and geographies, it is crucial to develop battery standards aligned with global benchmarks, besides creating a robust framework for data sharing grounded in the core objectives of safety, sustainability, resource efficiency and circularity. A nodal agency should be set up to ensure compliance, streamline mechanisms for data storage and explore business models for viability. This can aid end-of-life battery management, thereby reinforcing a circular economy. Create a circular and accountable ecosystem: To ensure a thriving battery circularity ecosystem, we must ensure that the Extended Producer Responsibility (EPR) portal is enabled with an audit function. Further, third-party validation should be encouraged for producer declarations. The responsibility for old-battery collection should be borne by both recyclers and producers, with unrestricted movement allowed between states. Finally, EPR pricing should be designed to suit different battery chemistries. Also Read: Cold War II alert: Rare earths could tilt the global balance of power Capture battery data for resource efficiency: To streamline the battery value chain and create a resilient and circular ecosystem, the government's department of science and technology recently unveiled a strategic pilot initiative: Battery Aadhaar, a unique digital battery ID to enable tracking of lifecycle data to support circularity, resource efficiency and regulatory compliance. This is a breakthrough for energy storage as it strengthens our resolve to couple economic and sustainable development as we strive to become a net-zero economy by 2070. As our energy transition intensifies, we must also prioritize support for R&D and homegrown startups to explore indigenous technologies and help create a recycling market. We also need more collaborative platforms like the Battery 360 Alliance, which can assess ecosystem readiness and facilitate better decision-making by all stakeholders. Introduce EV mandates: At this critical juncture of India's EV transition, we also need new nudges towards EVs. We can begin with low-level mandates that could be progressively scaled up. Globally, countries with robust EV adoption have used varied supply-side norms to send market signals. India can chart its own course by using phased and locally adapted mandates for manufacturers and operators. Also Read: China risks overplaying its hand by curbing rare earth exports Implement Café norms: We must implement the tightened Corporate Average Fuel Efficiency (Café) norms while tapering off the super credits provided to manufacturers in non-EV segments. These regulations also serve as motivators for manufacturers to invest more in innovation and accelerate economies of scale to bring down costs, helping the EV industry reach a tipping point. The scope of Café norms must be thoughtfully extended beyond just 4-wheelers to cover all major vehicle segments (especially commercial vehicles like trucks), given their emissions and substantial share in India's mobility ecosystem. These regulations will accelerate the adoption of EVs and further push the development of a domestic market, which could create green livelihood opportunities for millions. Expand charging infrastructure to underserved areas: India suffers from an uneven charging infrastructure distribution, with operators opting for high-traffic, commercially attractive zones, leaving low-demand or peri-urban areas underserved. For EVs to become the new normal in India's Tier 1 and 2 cities, we need corridor-level planning, not just a focus on wide distribution. We must establish a nodal agency that can create cross-subsidization opportunities for a balanced infrastructure rollout that offers equitable charging-point access. At the sub-national level, it will help to enhance the transparency and accountability of urban local bodies to strengthen and streamline frameworks for efficient service delivery through mechanisms like single-window clearances. Also Read: Electric three-wheelers and e-rickshaws could soon be rated like cars. Here's why it matters By integrating these strategic shifts in our short-, medium- and long-term roadmap, India will not only pave the way for a cleaner future, but also solidify its role as a global economic powerhouse while inching closer to its vision of Viksit Bharat by 2047 with a $30 trillion economy. These are the authors' personal views. The authors are, respectively, G20 Sherpa, India; and executive director, Integrated Transport, Clean Air and Hydrogen, WRI India.
Express Tribune
19-06-2025
- Automotive
- Express Tribune
EVs 30% target by 2030 ambitious but daunting, say automakers
Listen to article Local auto industry has termed the government's target of having at least 30% electric vehicles (EVs) by 2030 both ambitious and daunting for a financially constrained country like Pakistan. The industry also mentions that when India could not do it in 10 years despite significant financial interventions, how can Pakistan realise this in the next five years? Jamil Asghar, who has been associated with the motorcycle industry for around 35 years, said that India introduced FAME I (Faster Adoption and Manufacturing of Electric Vehicles) scheme in 2015 with an initial outlay of INR895 crore (INR8.95 billion), followed it up with FAME II in 2019 with an outlay of INR10,000 crore (INR100 billion). Then after the end of FAME II in March 2024 came Electric Mobility Promotion Scheme from April till September 2024, with INR500 crore (INR5 billion) and more recently the FAME scheme has been replaced with PM-EDRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) with effect from October 2024 with a total outlay of INR10,900 crore (INR109 billion). Despite spending billions of rupees, the results, however, are not that promising so far. In October 2024, the sale of two-wheelers in India was recorded at 2.1 million. Of these, only 80,850 units were electric bikes. This translates into penetration of only 3.7% for E2Ws (electric two-wheelers). During the same period, E4Ws (electric four-wheelers) constituted only 1.5% of total market as per the Federation of Automobile Dealers Association and the Society of Manufacturers of Electric Vehicles in India. In Pakistan, according to Jamil, there is an industry-wide excitement that automakers are flexing their muscles with the introduction of New Energy Vehicles (NEVs) as the industry is going through a transition phase with the induction of new entrants. "Unlike ICE (internal combustion engine) vehicles, where localisation is more than 95% for two-wheelers and around 65% for four-wheelers, the NEVs are typically being imported into Pakistan as completely knocked down (CKD) units at best and being assembled here only," he said, adding that prices of these vehicles run into tens of millions of rupees, rendering them very expensive for an average Pakistani customer. "Moreover, globally, wherever NEV uptake was recorded, it has come as a result of a hefty supply and demand-side incentives and subsidies and it immediately dips when the incentives are removed or suspended," he pointed out. Jamil said that considering exorbitant prices of NEVs and in the absence of any significant incentives from the government, which is already financially strained and resource starved, what possible fraction of masses will opt for these fancy vehicles remains to be seen. He feared that the government will direct and allocate already scarce resources for a fraction of society and to a sector whose contribution to air pollution is still unclear.
