October sees record EV registrations, up 26 per cent year-on-year to reach 1.1 million units: Report

October sees record EV registrations, up 26 per cent year-on-year to reach 1.1 million units: Report

by with No Comment car updates

By: ANI
, updated on: November 13, 2024, 09:49 am

  • EV penetration improved by 100 basis points (bps) year-on-year, with total EV registrations growing 26 percent year-on-year to 1.1 million units.
The growth in EV registrations was mainly led by the electric two-wheeler segment, while passenger cars recorded a modest eight per cent growth. (AFP via Getty Images)

According to Haitong report, electric vehicle (EV) registrations witnessed a modest growth in October 2024, mainly due to increased festive season demand, leading to strong year-on-year (YTD) growth in EV penetration across all regions. increased.

YTD EV penetration improved 100 basis points (bps) year-on-year (YoY) to 7.6 percent, with total EV registrations increasing 26 percent to 1.1 million units.

This growth was mainly led by the two-wheeler (2W) segment, while the passenger vehicle (PV) segment recorded a marginal growth of 8 per cent.

Also read: Creta, Venue SUV could not save Hyundai India's profit from 16.5 percent decline in Q2 FY25

In October, sequential penetration rates for electric two-wheelers (E2W) and electric passenger vehicles (EPV) increased by 10 bps with YTD growth of 100 bps and 10 bps respectively.

Although the electric three-wheeler (3W) segment saw a monthly decline of around 290 bps in penetration, it maintained a YTD penetration gain of 250 bps.

Strong festive demand led to the highest number of PV EV registrations ever in October, even though penetration in the segment remains relatively low.

The recent surge in rural demand in contrast to the slowdown in urban areas has created short-term pressure on overall EV penetration. However, the upcoming launch of new EV models by major PV original equipment manufacturers (OEMs) such as Tata, Mahindra & Mahindra (M&M) and Maruti Suzuki is expected to increase the adoption rate.

Total E2W registrations in October reached 139,379 units, representing an impressive growth of 118 percent year-on-year. While YTD penetration for E2Ws grew 100 bps YoY, October saw a modest 10 bps monthly gain.

Also read: Tata Motors misses Q2 profit estimates due to weak sales, hopes for festive turnaround

Ola Electric maintained its market leadership with 30 per cent share and regained some of its lost ground last month. Ola registrations grew by 75 per cent year-on-year and 69 per cent month-on-month (MoM), totaling 41,713 units.

TVS regained its second position from Bajaj Auto with 21 percent market share, while Bajaj stood second with 20 percent. TVS experienced a growth of 82 per cent year-on-year reaching 29,964 registrations, while Bajaj's registrations increased by 212 per cent to 28,288 units.

Electric three-wheeler registrations in October reached 67,172 units, up 17 per cent YoY and 11 per cent MoM, reflecting solid growth in demand. YTD penetration in this segment grew by 250 bps year-on-year.

Recommended Watch: This is Maruti's first electric car!

Mahindra & Mahindra (M&M) strengthened its position as the market leader with YTD market share up 50 bps to 9.5 per cent in October.

Bajaj Auto also made significant progress, increasing its YTD market share to 6.3 percent from a negligible share last year.

The EPV segment achieved record monthly registrations in October with 10,752 units, a growth of 70 per cent year-on-year due to the festive season. YTD penetration in the EPV category grew marginally by 10 bps YoY.

Tata Motors retained its position as the market leader with a YTD market share of 63 percent, though this was down from 72 percent last year. MG Motors showed considerable progress and increased its YTD market share from 12 per cent to 20 per cent year-on-year.

Check out Upcoming EV Cars in India, Upcoming EV Bikes in India.

First publication date: 13 November 2024, 09:49 am IST

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Tata Power runs EV charging show for fans pulling up to World Cup 2023 venues

Tata Power runs EV charging show for fans pulling up to World Cup 2023 venues

by with No Comment Electric vehicles cars

EV charging solutions provider Tata Power is powering electric vehicles of fans who are pulling up to the 2023 Cricket World Cup venues in their battery-powered models. The company has listed out its EV charging stations closest to all the World Cup venues across India. Thanks to the company’s extensive EV charging network, cricket fans are being encouraged to use green mobility.

By: HT Auto Desk
| Updated on: 22 Oct 2023, 17:33 PM

A Mercedes EQC electric SUV charges at a Tata Power EZ EV charging station.

Tata Power’s nation-wide EV charging network is spread over 420 cities with more than 59,000 home chargers, 4,900 public and semi-public charging points, and 430 bus charging stations. These charging solutions are present at diverse and strategic locations across the country, providing easy accessibility to those in need.

Also Read : Tata Power partners Zoomcar for EV charging infrastructure solutions

ATata Power charging facility is located at The Oberoi Mumbai at Nariman Point, which is just 1.6 kilometres far from the Wankhede Stadium in Mumbai. Similarly, a charging station is located two kilometres away from the Arun Jaitley Stadium in Delhi, 450 m away from the M Chinnaswamy Stadium in Bengaluru and 1.1 kilometres away from the Eden Gardens in Kolkata, 2.5 kilometres away from the M.A. Chidambaram Stadium in Chennai, 1.5 kilometres away from the Rajiv Gandhi International Stadium in Hyderabad, to name a few.

The company says that it has been strategically installing EV charging points at diverse locations across the country to build an extensive and reliable network. All these charging stations are open 24 X 7 and monitored real-time by the Network Operation Centre located in Mumbai.

EV drivers can also navigate to their closest charging point using the EZ Charge app, book their charging slots in advance and pay with the EZ Charge card. “The hassle-free EZ Charge experience will ensure that fans can make the journey to witness their favourite teams play, knowing that their EVs will have the swift and EZ Charge they need,” said the company.

First Published Date: 22 Oct 2023, 17:31 PM IST


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River Indie electric scooter deliveries commence in this city

River Indie electric scooter deliveries commence in this city

by with No Comment Electric vehicles cars

Bengaluru-based electric vehicle manufacturer, River, has commenced deliveries of its maiden electric scooter, Indie, in Bengaluru. The first group of pre-order customers were officially handed over their keys during an event. The electric scooter was launched in the country earlier this year in February, followed by the rollout of the first unit from the company’s state-of-the-art manufacturing facility in Hoskote in August.

By: HT Auto Desk
| Updated on: 17 Oct 2023, 16:24 PM

River Indie electric scooter sources power from a 6.7 kWh electric motor, which churns out 26 Nm of torque.

River is set to revise the price of its debut product, which will be announced soon. The price hike is being considered in the aftermath of the latest modifications in the FAME II subsidy. However, the first batch of customers received the product at the initially announced price of ₹1.25 lakh (ex-showroom, Bengaluru).

The EV brand is also working on launching its first experience center in Bengaluru, which is expected to open for public by November this year. Since its inception in March 2021, the brand has raised a total of $28 million in funds from marquee investors to speed up its electric mobility journey. The EV startup is hopeful to sell one lakh units of the high-speed electric scooter by 2025.

The Indie electric scooter sources power from a 6.7 kWh electric motor, which churns out 26 Nm of torque. Power is sent to the rear wheel via a belt drive, propelling the EV to sprint 0-40 kmph in 3.9 seconds at a top speed of 90 kmph. The motor comes paired with a 4 kWh battery pack, which is claimed to deliver a 120-km range on a single charge.

The scooter comes with an unusual design that grabs attention at the very first glance. It gets dual front LED headlamps with integrated LED daytime running lights as well as LED taillights. On the feature front, there is a fully-digital six-inch colour instrument cluster, spacious 20-inch footboard, 43-litre under-seat boot space and a 12-litre glove box, among others.

It runs on 14-inch black alloy wheels wrapped with meaty tyres. The front wheel gets a 240 mm disc brake, while the rear sports a 200 mm disc. For suspension duty, the scooter gets a telescopic setup at the front and a twin hydraulic system at the rear.

First Published Date: 17 Oct 2023, 16:23 PM IST


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Acer MUVI 125 4G electric scooter launched: Check price, specs, features

Acer MUVI 125 4G electric scooter launched: Check price, specs, features

by with No Comment Electric vehicles cars

Pre-bookings for the MUVI 125 4G will soon be opened by the Acer brand. Meanwhile, the company has also invited those interested in dealership opportunities to express their intent. For both pre-bookings and dealership inquiries, those interested need to visit the company’s official website.

The electric scooter was first showcased at the EV India Expo 2023 in Greater Noida in September this year. It comes with swappable batteries, ensuring hassle-free charging. The two removable of 48V 35.2Ah each offer a range of 80 kilometres per charge and can reach a top speed of 75 kmph. The company claims that it can be charged to full in around four hours and riders can even opt to use just one battery at a time.

The scooter is being touted as a futuristic electric mobility solution for urban commuters. It comes with a light-weight chassis which is sturdy in nature and rides on 16-inch wheels for smooth movement. The chassis is complemented by an innovative rear shock absorber system which comes paired with a front hydraulic fork, offering agility and stability to riders.

It will be available in three color options: White, Black, and Grey.

The features of the scooter are said to be highly customizable and data-driven for the tech-savvy riders. One can use their Android or iOS smartphone to customize the vehicle and turn it into an interactive machine. It gets a Bluetooth-enabled 4-inch LCD screen with three configurations available.

First Published Date: 15 Oct 2023, 17:45 PM IST


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Kia to announce its future EV vision, display new concept EVs on October 12

Kia to announce its future EV vision, display new concept EVs on October 12

by with No Comment Electric vehicles cars

South Korean automaker Kia will observe ‘Kia EV Day’ on October 12 in Yeoju, Korea, where it will shed light on its future EV roadmap and display its entire EV lineup including two new concept EVs. During the event, the company will announce its global vision and strategy for battery-powered vehicles. The move is in line with the OEM’s vision to become a key player in sustainable mobility.

By: HT Auto Desk
| Updated on: 04 Oct 2023, 16:25 PM

The Kia EV Day event in mid-October will see the company displaying its entire EV lineup, including the Kia EV5, EV6 GT and EV9, as well as two new concept EVs.

The event is set to become an annual tradition for the company, starting this year, wherein it will encourage stakeholders to discuss about sustainable mobility and future growth plans. At the event, Kia will showcase its new electric models, concepts, and technologies.

The event in mid-October will see the company displaying its entire EV lineup, including the Kia EV5, EV6 GT and EV9. The EV5 was launched at the Chengdu Motor Show in August this year, and during the event, attendees will be given a detailed specification of the electric model. Kia will also introduce two new concept EVs.

Kia introduced the EV5 in production model in China last month, which comes as an all-electric alternative to the Kia Sportage. The compact electric SUV is slated to launch in China later this year before being introduced to other markets.

The EV6 GT debuted last year in August and the brand claims it to be the most powerful Kia production vehicle ever. With 800V multi-charging architecture, the Kia EV6 GT is ultra-fast DC charging enabled, implying that it can charge from 10 to 80 per cent in under 18 minutes.

The event will also see keynote speakers taking the stage to shed light upon topics significant to Kia’s transition to a sustainable mobility solutions provider. Subjects will include the brand’s comprehensive EV strategy, its ‘Opposites United’ design philosophy, updates on innovative customer experience strategies, and new product insights.

First Published Date: 04 Oct 2023, 16:21 PM IST


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Porsche Taycan Cross Turismo sets new EV altitude world record

Porsche Taycan Cross Turismo sets new EV altitude world record

by with No Comment car insurance online

The Porsche Taycan Cross Turismo recently undertook a 10-day challenge and returned with a new Guinness World Record title for greatest altitude change by an electric car – 5,573.979 metres. It travelled 2,783 kilometres from the lowest natural point in China to the top of one of the world’s highest national highways. The starting point was Ayding Lake, at an altitude of minus 218.845 metres, and culmination point was Daban, at 5,355.134 metres above sea level.

By: HT Auto Desk
| Updated on: 18 Sep 2023, 17:13 PM

The electric Porsche’s journey along the Xinjiang-Tibet route features desolate regions with extreme weather and road conditions.

The electric Porsche’s journey along the Xinjiang-Tibet route features desolate regions with extreme weather and road conditions and complex terrain. The road trip proved the electric car’s long-distance comfort and reliability. The journey also proved the charging efficiency of Porsche’s 800 V architecture in the most pushing conditions.

Also Read : Porsche Cayenne Turbo E-hybrid is the most powerful version ever

The electric Porsche's journey along the Xinjiang-Tibet route features desolate regions with extreme weather and road conditions.
The electric Porsche’s journey along the Xinjiang-Tibet route features desolate regions with extreme weather and road conditions.

While Porsche did not spill out details regarding range or efficiency for the trip, it mentioned that the Taycan Cross Turismo’s regenerative capabilities helped extend range on downhill stretches. While clearing a 13,123-foot pass, energy recuperation of up to 275 kW gave a boost to the range, the automaker mentioned.

Further details reveal that since charging stations were difficult to find in some areas, it took four days for Porsche to cross a 472-mile stretch in the Kunlun and Tianshan mountains. The trip took the electric car through surface temperatures of 70°C to frozen, icy roads; from busy cities to a 5,000-metre-high no-man’s land. The OEM says that the car travelled through all four seasons of the year in just 10 days.

The DC and AC charging points along the way varied from 120 kW to 22 kW, however, thanks to Porsche’s 800 V architecture, the Taycan Cross Turismo was able to charge at the upper limit of the power output of these charging points. The OEM says that the electric model’s high-tech chassis with all-wheel drive and Adaptive Air Suspension helped setoff major bumps on the road.

First Published Date: 18 Sep 2023, 17:08 PM IST


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Xiaomi’s first electric car, Modena, could make its official debut by year end

Xiaomi’s first electric car, Modena, could make its official debut by year end

by with No Comment car insurance online

One of China’s largest technology conglomerates Xiaomi could reveal its first electric car by the end of this year, CarScoops reported. The long-awaited electric vehicle received government approval for production last month, though its first images were leaked online in January this year. The company had first announced its plans to produce an EV about two years ago.

By: HT Auto Desk
| Updated on: 12 Sep 2023, 17:51 PM

Xiaomi’s first electric car appears to be influenced by the design of BYD Seal showcased at the Auto Expo 2023.

The EV has been codenamed MS11 and is called Xiaomi Modena by local media reporters China. As per Car News China, the trial production of the car started last month at a factory in Beijing and the facility is said to be building roughly 50 prototypes each week. Xiaomi is said to be on schedule to receive approval from China’s Ministry of Industry and Information Technology (MIIT) in the coming month or two. Once this approval comes through, it will be able to start selling its electric car.

Once launched, the Xiaomi Modena will rival vehicles such as Tesla Model 3 and BYD Seal with a local starting pricing in the region of 200,000 yuan ($27,400). As per the car’s leaked images, its exterior design is constituted of large LED headlights and relatively simple front bumper. Xiaomi’s first EV is also expected to get flush door handles, a roof-mounted LiDAR, and a panoramic glass roof just like what is found on the Tesla Model 3.

Expect the electric car to come with a massive 101 kWh ternary battery and an 800-volt electrical architecture. It could be able to travel up to 800 kilometres or 497 miles on a single charge. It will be equipped with a self-developed electric motor while its batteries will be provided by CATL and BYD.

Until last year, Хіаоmі hаs invested more than 3 billion уuаn (roughly converted to $433 million) іn іtѕ automotive dіvіѕіоn, with a tеаm оf оvеr 2,300 реорlе deployed in research and development.

First Published Date: 12 Sep 2023, 17:51 PM IST


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Ather 450S deliveries begin in India on World EV Day

Ather 450S deliveries begin in India on World EV Day

by with No Comment Electric vehicles cars

Ather Energy has commenced deliveries of 450S in the Indian market. The image of the delivery was shared by Tarun Mehta, Co-founder and CEO of Ather Energy. The 450S is the most affordable electric scooter in Ather’s lineup. The 450S is priced at ₹1.30 lakh ex-showroom. It competes against the Ola S1 Air in the Indian market.

By: HT Auto Desk
| Updated on: 09 Sep 2023, 17:44 PM

Cosmetically, the 450S looks quite similar to the Ather 450X

Ather started accepting bookings of the 450S back in June this year. The price of the scooter complies with the FAME 2 scheme. The customers can avail further benefits from respective states’ own electric vehicle policies. The design of the Ather 450S is identical to the 450X. However, there are some changes which have helped in dropping the costs.

Ather 450S comes equipped with a 3 kWh lithium-ion battery pack that claims to offer 115 km of range on a single charge. Using home chargers, the battery pack can be charged up to 80 per cent in around six hours and 36 minutes while charging up to 100 per cent takes eight hours and 36 minutes.

The electric motor is capable of generating 7.24 bhp of peak power and 22 Nm of maximum torque. The 450S electric scooter can also run at a top speed of 90 kmph. Ather 450S offers three ride modes with the 450S which include Sport mode, Eco mode and Ride mode.

Watch: Ather 450S review: Worthy of its price tag?

Another big difference between the 450X and the 450S is the instrument cluster. The 450S uses a new coloured LCD instrument cluster. It still comes with features such as Bluetooth connectivity and turn-by-turn navigation. But now, it uses MapMyIndia’s navigation system instead of Google Maps. Ather Energy has also added a joystick on the switch console that can be used to control the instrument cluster. Moreover, the reverse mode is simply a button. Earlier, the rider would need to swipe on the screen to get into the reverse mode.

First Published Date: 09 Sep 2023, 17:44 PM IST


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2025 Audi Q6 e-tron gets tons of screens; AR-based HUD. Will it come to India?

2025 Audi Q6 e-tron gets tons of screens; AR-based HUD. Will it come to India?

by with No Comment car insurance online

Audi has unveiled the interior design language of its upcoming EV SUV Q6 e-tron which comes as a screen-packed vehicle. The Q6 e-tron will be the brand’s first EV that will be built on its new Premium Platform Electric (PPE) architecture. The vehicle gets a total of three screens facing the passengers – an OLED gauge cluster, an infotainment touchscreen and one front-passenger dedicated touchscreen.

By: HT Auto Desk
| Updated on: 04 Sep 2023, 16:23 PM

Audi Q6 e-tron gets a total of three screens – an OLED gauge cluster, an infotainment touchscreen and one front-passenger dedicated touchscreen.

The OLED gauge cluster measures 11.9-inch and the infotainment touchscreen measures 14.5-inch, while both these reside under a single curved bezel underlined by ambient lighting. Another 10.9-inch touchscreen is dedicated to the front-seat passenger, and has a way of blocking the driver’s view of its contents, per safety regulations.

Also Read : 2024 Audi Q8 facelift teased ahead of global debut on September 5

The electric SUV gets a new Android-based infotainment software which gets a ‘self-learning voice assistant’. It responds to – “Hey, Audi.” and can learn a driver’s preferences gradually and even make suggestions. Coming to the optional head-up display (HUD), it comes with augmented reality.

When the SUV’s speed, navigation directions, or traffic signs are reflected onto the windshield, the HUD tilts forward their images to create the impression that they’re floating in front of the vehicle. Audi claims this helps reduce distractions, particularly in low-visibility situations.

Another interesting feature inside the Q6 e-tron is the customizable ambient lighting. The vehicle also has interactive lighting elements such as a welcome action and the ability to notify people when the vehicle is locked and unlocked. Other features include mimicking the turn signals and visualizing the EV’s charging levels.

The steering wheel is squared-off and is flat on the top and bottom and hosts a bunch of touch-sensitive controls. Coming to its exteriors, the Audi Q6 e-tron’s dimensions are said to be similar to that of the ICE Q5 SUV.

First Published Date: 04 Sep 2023, 16:23 PM IST


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Hero Electric enters premium electric bike segment under new A2B brand

Hero Electric enters premium electric bike segment under new A2B brand

by with No Comment Electric vehicles cars

Hero Electric has announced that the company will be diversifying into the premium electric bike segment under its new brand ‘A2B.’ The electric two-wheeler giant is one of the leaders in terms of volume in the electric scooter segment. The new A2B brand will further diversify the portfolio with electric bikes, scooters and other new variants in the category, the company said in a statement.

By: HT Auto Desk
| Updated on: 31 Aug 2023, 18:06 PM

Hero Electric will expand in the premium electric two-wheeler segment under the new A2B brand

Hero Electric says its upcoming range of premium electric two-wheelers will be tailored to withstand Indian road and climatic conditions. The upcoming electric model range also promises robust battery systems, integrated powertrains, and aesthetics that reflect the premium buyer sensibilities.

Also Read : Hero Electric, Okinawa among other EV makers asked to refund FAME II incentives

Speaking on entering the premium e-bike segment, Sohinder Gill, CEO – Hero Electric, said, “While the Hero Electric brand continues to be the bedrock of our basic E-mobility thrust, we intend to invest in new brands for specific market categories. We believe that differentiation is key to market dominance, and going forward we will enter categories under specialist brand entities to bring focus to the market segments they represent, complementing the Hero brand as a legacy player in the mass mobility segment.”

Hero Electric is bullish about the long-term growth of the electric vehicle segment even as short-term challenges hamper the e-two-wheeler space at large. The company has over 15 years of experience in retailing electric two-wheelers largely focussed on the sub ₹1 lakh entry segment.

“The Indian market is ripe for e-mobility exploration, and we are perfectly positioned to meet the emerging demands, including those from the premium segment. Our commitment resonates with India’s aspiration to become a global EV hub, and we are eager to play a pivotal role in making that a reality,” Gill added further.

Commenting on the announcement, Naveen Munjal, MD – Hero Electric, said, “We are embarking on a de-aggregation strategy with specific brand offerings in different segments. This tactical move aims to focus on our traditional turf with the Hero Electric brand while allowing us to break into newer segments as competition builds up in this sector.”

Hero Electric has not announced the launch timeline for the premium EVs under the A2B brand. The company also remains tight-lipped about its upcoming model range, whether these models will be indigenously developed and at what price points will they be retailed at. The company has over 850 sales and service outlets across the country and has sold over six lakh units so far. The manufacturer has a manufacturing facility in Ludhiana, Punjab, and a shared facility in Pitampura, Madhya Pradesh with the Mahindra Group.

First Published Date: 31 Aug 2023, 18:06 PM IST


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