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1. Mahindra Last Mile Mobility launches e-ZEO SCV, starting at INR 7.52 lakhs ex-showroom price. Payload - 765 kg, 300+ V architecture, Permanent Magnet Synchronous Motor - 30 kW power, 114 Nm torque, Top speed - 60 kmph, Driving range - 160 km, LFP battery pack (18.4 kWh and 21.3 kWh variants), Battery warranty - 7 year / 1.5 Lakh km, 32% gradeability.
2. EV sales in India | September 2024 - 1,59,513 units; of which e-2Ws accounted for 89,940 units.
3. Delhi-headquartered EV-based logistics provider ZEVO has secured $2 million in funding from Pegasus India Fund, BizDateUp, JIIF and other investors. The company expects to raise $20 million by January 2025.
4. Ashok Leyland partners with Japan-based Nidec Motor Corporation to develop novel E-drive Motors for commercial vehicles. Ashok Leyland and Nidec will establish a Centre of Excellence (CoE) for Electric Drive Units. Ashok Leyland will continue to source motors from Nidec for its existing EV line-up. More
5. Gujarat-based Sudeep Pharma diversifies into the battery materials space with the launch of its subsidiary, Sudeep Advanced Materials (SAM), focused on producing precursor cathode active material (pCAM) for EV batteries. SAM benefits from Sudeep Pharma’s raw material sourcing capabilities, including Phosphatic Acid. More
6. The Ministry of Heavy Industries has published the operational guidelines for the PM E-DRIVE Scheme. The scheme, which has an outlay of INR 10,900 crores, will be in effect from 1 October 2024 to 31 March 2026. Demand incentive of INR 5000/kWH for e-2W/e-3W in FY2024-25 to be halved in FY 2025-26. More
7.VidyutTech has partnered with JSW MG India to launch Battery-as-a-service (BaaS) financing for MG Comet EV, MG Windsor EV, and MG ZS EV passenger cars. Customers will pay a minimum rental fee starting at INR 2.5/km, depending on their battery usage. The starting subscription fee of Rs 2.5/km is for MG Comet EV and varies for other EV models. More
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3moCongratulations team