Electric Vehicles or EVs are an important resource for battling pollution and improving the lives and lifescapes of citizens, said Amit Kumar, ED and CEO, Benling India. It is, therefore, good to see the strong and visible focus the Union Budget 2022 puts on enhancing the use and operational availability of EVs in the country, he pointed out.  

Kumar said, “While India’s electric vehicle market is expected to grow at a compounded annual growth rate (CAGR) of 90 percent to touch USD 150 billion by 2030, it may be safe to say that this market is still in its infancy. With EV sales accounting for barely 1.3 per cent of total vehicle sales in India during last year, the positive policy inputs such as those in the present budget and the shift to shared, electric, and connected mobility could help the country immensely in reducing harmful polluting emissions.” 

He added, “The Union budget 2022 has proposed some very assertive measures which will promote the market for EVs across small towns and cities. There is an impactful thrust towards renewable energy incentives with an increased focus on reducing infrastructural waste for a greener tomorrow. This shall happen on the back of measures designed to overcome the hesitancy most buyers have when it comes to EVs. For instance, proposals for the furtherance of clean energy and the ‘Gati Shakti’ initiatives are important areas for the commercial EV segment. In fact, the demand incentives provided under FAME II, the launch of various state policies, the incidence of runaway and consistently rising fuel prices, tightening emissions laws, and increasing awareness about environment and its sustainability are few factors making the EV sector attractive to larger automobile players and financial investors. 

“The sector is also witnessing some clear tech-led trends which will define its contours in the coming years. Smart charging where the infrastructure can manage need based charging and also charge itself will be a boon for countries such as India. Autonomy and self-driving cars have seen some big changes over the past couple of years and some movement can be expected in India as well. Increased bets on heavy-duty fuel cell vehicles should see this tech adoption take off soon too. Another trend is the introduction of EVs in different segments to accommodate consumer lifestyles. Alongside the EV trend is the growing dependence on using technology to enhance user experience and drivability. The movement away from analog indicators, switches and dials has been gradual: flat panel displays replace the variety of analog indicators, and touch screens replace the knobs, switches, dials and buttons. There is now a desire to integrate all these individual displays and touch panels as a contiguous surface. Solutions from innovative companies that do things in a different and better way will be the key to forging ahead. Customers want better, and there is a strong motivation in the industry to meet these expectations.” 

He said, “Following the launch of the FAME India plan, which aims to transition toward e-mobility in the light of expanding international policy commitments and environmental difficulties, the EV market in India has gained substantial momentum. Additionally, India has the world's largest untapped market, particularly for electric two-wheelers. The automatic route market is likely to gain traction in the next few years due to the fact that 100 percent foreign direct investment is permitted in this sector.” 

He also exuded confidence that with increasing demand and investments, the requirements for a skilled workforce in the EV sector can only be expected to grow. “An early identification and investment from government can ensure timely readiness and help capture the opportunity of green jobs that come along with the EV transition. Facilitating public and private investments into skilling, re-skilling, upskilling; research and development, especially for batteries; and innovation hubs at this stage will help reach the desired levels of preparedness for a just EV transition while ensuring local innovation and technology development,” he pointed out. (MT)  

Numeros Motors, a new-age original equipment manufacturer specialising in indigenous electric vehicles (EVs), has launched an NFT-backed loyalty programme in collaboration with Polygon. This first of its-kind initiative in the EV industry, integrating blockchain technology into customer engagement, will reward the first 1,000 buyers of Diplos with a unique digital collectible.

The NFT series ‘The Journey’ consists of 10 original artworks, each with 100 copies, that depict Diplos conquering the essence of India's many landscapes and the spirit of adventure that characterises the brand's motto, ‘Gets It Done’. Customers that own one join a limited group that prioritises performance, resiliency and progressive mobility. These NFTs, which are protected on Polygon's blockchain, provide exclusivity, authenticity and a more in-depth interaction with the brand.

This programme adds value to the Diplos experience by providing holders with access to premium products, invites to special events and priority customer service in addition to the NFT. These NFTs serve as a permanent remembrance of their role in Numeros Motors' history since they are soul-bound, meaning they are always connected to their original owners. In April of this year, Numeros Motors will also open its first store in Bangalore that is owned and run by the firm.

Shreyas Shibulal, Founder and CEO, Numeros Motors, said, "Diplos was built for those who move forward, challenge limits and embrace new possibilities. This NFT initiative is our way of recognising and celebrating our customers who believe in our vision. By integrating blockchain technology into customer engagement, we are creating an ownership experience that extends beyond the ride itself."

Sulajja Firodia Motwani, the Founder & CEO of Kinetic Green, was recently awarded an Honorary Doctorate in Literature by the Tilak Maharashtra Vidyapeeth Institute in Pune.

The recognition was conferred to Motwani for her contribution towards driving the adoption of electric vehicles in the country. An MBA from Carnegie Mellon University, Pennsylvania, USA, she has also worked towards promoting manufacturing in the country and has held notable positions at the Federation of Indian Chambers Of Commerce and Industry (FICCI), Society of Manufacturers of Electric Vehicles (SMEV) and Indian Federation of Green Energy (IFGE).

“I am deeply humbled and honoured to receive this recognition. The Firodia family has always by synonymous with strong values, nation building, self-reliance and a deep-rooted sense of nationalism. This acknowledgement inspires me to further serve for the greater good, a mission that we at Kinetic Green are constantly working towards,” said Motwani.

Škoda Auto has released a teaser clip of the all-new Elroq vRS, offering a first glimpse of both its exterior and interior. The world premiere is scheduled to take place digitally on 3 April 2025 and will be streamed live on Škoda’s official YouTube channel.

Following its digital unveiling, the all-electric compact SUV will make its public debut at Milan Design Week 2025 in the Padiglione d'Arte Contemporanea gallery in the Porta Venezia Design District. In keeping with Škoda's Be More Elroq campaign, the exhibition will showcase the Elroq vRS as the focal point of an experiential journey from 8 to 13 April 2025. The show will also feature the official launch of Botas sneakers, which are based on Škoda Modern Solid design principles, in honour of the company's 130th anniversary. These sneakers were created in collaboration with the Škoda Auto design team. Members of the Škoda team will wear one of the three versions that are planned for the occasion.

Folks Motor, a retrofit start-up, has announced that it will invest INR 5 billion towards capital expenditure over the next five years, it is also targeting to attain revenue of INR 5 billion revenue including INR 2 billion from domestic market and INR 3  billion in exports.

The start-up claimed it is investing towards developing India’s first retrofit warehouse and industrial park – The Blue IP – to strengthen domestic EV supply chain.

Folks Motor claims it has already started exports to Middle East and Africa, with plans to enter Europe, Latin America and Southeast Asia.

The new investment will see the start-up form strategic partnership with powertrain manufacturers, electronic manufacturing services, energy storage and system integrators.

Nikhil Anand Khurana, MD & CEO, Folks Motor, said, "At Folks Motor, we recognise the urgent need to build a robust and integrated EV ecosystem in India. With ‘The Blue IP’, the first-ever xEV-focused warehousing and industrial park, we are taking a big step toward strengthening domestic manufacturing. Our target of INR 6 billion in order book by 2030 reflects our commitment to making India a leader in the global EV supply chain. Our expansion strategy ensures that sustainable mobility is accessible to a broader audience without the financial and environmental costs of scrapping existing vehicles."

The start-up claimed that it has structured a USD 100 million ESG bond for efficient fund utilisation, which it aims to scale up to INR 2.5 billion for working capital and operational expenses.