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Sustainability Outlook Headlines
BattRE launches internet-connected e-scooter IOT, priced at Rs 79,999BattRE Electric Mobility has announced the launch of IOT e-scooter, priced at Rs 79,999 (ex-showroom). It will be available on Amazon.in, informed the company and it is claimed to be the second internet-connected scooter of India. BattRE will provide 1-year subscription to the cloud storage with this scooter. The BattRE electric scooter comes with features like navigation assist, ride statistics, remote diagnostics, voice-enabled app, anti-theft alarm and lock etc, claims the company. Also, it gets speedometer call alerts, ride behaviour-based artificial intelligence suggestions. As BattRE... Read more.. Date : Jan 28 Source: ET Auto
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Honda gears up for launch of e-scootersMajor two-wheeler manufacturers are foraying into the electric vehicles space, eyeing its massive potential in a country that sells nearly 20 million two-wheelers each year. Japanese auto maker Honda is gearing up for a possible launch of electric scooters and is set to ship in one from China soon to start feasibility studies. On Saturday, Chennai-based TVS Motor Company launched its electric scooter iQube in Bengaluru at an on-road price of Rs 1.15 lakh, and earlier this month, Bajaj Auto launched its much-awaited electric scooter Chetak, priced at Rs 1-1.15 lakh in Pune and Bengaluru. “... Read more.. Date : Jan 28 Source: The Economic Times
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Connected cars will profoundly change the way people liveThere’s a big shift going to take place in automotive industry. Connected car, the new buzz word in the automotive industry, is set to become a common phenomenon in the Indian market in the near future with rapid adoption of electric vehicles, according to a Deloitte report. Connected car, which can communicate bidirectionally with other systems outside of the car (LAN), shares data with other devices both inside and outside the vehicle. As per the 2020 Global Automotive Consumer Study by Deloitte, an annual report which comes up with insights on the automotive industry globally, the... Read more.. Date : Jan 28 Source: The Week
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India Inc couldn’t-care-less attitude about forests worrying, says reportDoes India Inc care about the country’s forests? A recent ‘CDP India Annual Report 2019’ indicates it doesn’t. No Indian company responded to CDP’s (Carbon Disclosure Project) questionnaire on forests, though many answered similar questionnaires on other issues such as renewable energy use and water. The questions on forests were aimed at ascertaining whether the companies measured the impact of their businesses on forests. “In 2019, 543 companies from 46 countries responded to CDP’s forests’ questionnaire. Starkly, no India company did so,” the report says. In comparison, 77 companies... Read more.. Date : Jan 28 Source: The Hindu Business Line
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‘India needs a cohesive policy for e-vehicle push’Auto industry veteran V. Sumantran said the country needed a more cohesive policy than ‘Make in India’ in its push towards electrification of vehicles and to compete with China. “In the push towards electric vehicles, most automakers are outsourcing critical systems like motors and battery packs. They will only manage their brand, interior and user experience. India will do well to keep that part of supply chain within the country,” he said. Dr. Sumantran was speaking on the topic ‘Auto Industry- Present and Future Tense’, organised by The Triplicane Cultural Academy and The Kasturi... Read more.. Date : Jan 27 Source: The Hindu
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Eyeing leadership position in electric vehicle segment, says Tata MotorsTata Motors aims to establish itself as the leader in the electric vehicle (EV) market in the country as it looks to roll out new products for both private and fleet segments, a senior company official said. The company, which sells its Tigor EV primarily to fleet customers, is now gearing up to cater to the personal segment with the introduction of the electric version of compact SUV Nexon which comes with a range of over 300 kms. "As far as Tata Motors is concerned, we want to establish ourselves as leaders in the EV space. We have taken up the mission that we should be ahead in terms of... Read more.. Date : Jan 27 Source: Business Standard
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Govt plans 10,000 MW solar projectThe state government is planning to set up a mega solar power project with an installed capacity of 10,000 MW in order to meet the increasing demand for power and to supply free, uninterrupted power to the agricultural sector. Addressing employees of the energy department after Republic Day celebrations here on Sunday, energy secretary Nagulapalli Srikant said that the project will ensure an abundant supply of power to the agricultural sector. The energy secretary noted that the number of agriculturalconnections in the state now stand at 18.1 lakh after the recent addition of 25,000... Read more.. Date : Jan 27 Source: Times of India
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Better distribution may ease power sector woes: ETILCAt a time when India is looking to fight the global financial slowdown and surge ahead by adding trillions to its gross domestic product (GDP), the power sector in the country seems to be facing its own problems. According to members of The Economic Times India Leadership Council, the country has overlooked solving the current issues of power generation and distribution, and has rather concentrated on deploying a plan to create capabilities in generating power from renewable sources. Data from US-based independent and statistical analytics firm Energy Information Administration (EIA) show... Read more.. Date : Jan 27 Source: Economic Times
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Renewable-thermal power plan may find few takersThe Ministry of New and Renewable Energy's new proposal for developers to blend renewable and thermal power may not find many takers, according to renewable energy consultancy firm, Bridge To India. “We suspect that because of limited number of potential bidders, the scheme would not attract very competitive bids and may therefore not be cost attractive for discoms,” it said in its weekly report on the industry. The advantage of the proposal is that while renewable energy is irregular, varying according to the intensity of the sun or the speed of the wind, thermal power is not. Therefore,... Read more.. Date : Jan 27 Source: ET Energy World
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Budget 2020: Appliances, consumer electronics industry seeks GST tax relief, incentives to produce eco-friendly, energy-efficient goodsManufacturers of appliances and consumer electronics are seeking lower taxes on eco-friendly and energy-efficient products, more incentives for domestic manufacturing and waiving of customs duty on inputs imported to make the components in the upcoming Union Budget. The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has urged the government to offer incentives for manufacturers to produce energy-efficient products which will be in line with the government's focus on sustainability in a pre-budget memorandum. "Lowering the GST tax slabs for eco-friendly and energy-... Read more.. Date : Jan 27 Source: Firstpost
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Coal India adheres to environmental, sustainable standards: CMDCoal India Ltd (CIL) on Saturday said its coal producing subsidiaries follow environmental and sustainable standards but there could be "some stray cases" of lapses. The miner's comment came after the Comptroller and Auditor General (CAG) of India, in a report, said that six, out of seven coal producing subsidiaries of CIL, did not formulate environmental policies as mandated by Ministry of Environment, Forest and Climate Change. The ministry stipulated that a well-laid down environment policy duly approved by the board of directors of the subsidiaries needs to be in place, the CAG report... Read more.. Date : Jan 27 Source: ET Energy World
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Dozens Of Countries Could Reverse Carbon Emissions Just By Caring For NatureMost of the greenhouse-gas emissions in the world’s tropical countries derive from environmental destruction, and according to a new report, those emissions could be reversed relatively easily and cheaply through improved stewardship. But natural climate solutions are underemphasized in Paris Agreement pledges and funding mechanisms, according to the authors of “National Mitigation Potential from Natural Climate Solutions in the Tropics,” which appears today in the journal Philosophical Transactions of the Royal Society. “Collectively, tropical regions release the highest level of... Read more.. Date : Jan 27 Source: Forbes
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Sustainability Outlook partners with CLEAN for India Energy for all Summit 2020Clean Energy Access Network (CLEAN) in partnership with NITI Aayog, Government of India is organising the fourth edition of India Energy for All Summit (IEAS) from 4-5 February 2020 at the India Habitat Centre, New Delhi. India is one of the fastest growing economies in the world. There is a serious need to keep the economic growth aligned with climate change commitments. Responsible production and consumption of clean and affordable energy at source therefore needs to be practiced widely and regularly. CLEAN... Read more.. |
Draft policy seeks lower taxes for LNG, CNG vehiclesIn a bid to boost India’s gas economy, the ministry of petroleum and natural gas on Thursday released a draft city gas distribution policy, which could be adopted by states to facilitate speedy implementation of city gas distribution (CGD) networks and value-added services. Reduced road taxes and value-added tax (VAT) may also be in the offing for gas-driven vehicles. The draft policy suggests setting up of a committee, under the chairmanship of the chief secretary, which will help formulate policies and streamline the processes for various permissions to develop the CGD infrastructure. “... Read more.. Date : Jan 24 Source: Livemint
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SECI to hold pre-bid meeting for 4-MW floating solar plant in AndamanThe Solar Energy Corporation of India (SECI) recently informed that it will be organising a pre-bid meeting for the 4-megawatt (MW) floating solar power plant in Andaman & Nicobar Islands. It would be for the selection of solar power developer for the floating power plant with 2 MW/1 MWh battery energy storage system at Kalpong Dam in Diglipur, North Andaman. “A pre-bid/clarification meeting shall be organised at project site Union Territory, Kalpong Dam in Diglipur, Andaman and Nicobar, India on 30-01-2020 (Thursday) at 1100 hrs onwards,” SECI said in a recently issued notification.... Read more.. Date : Jan 24 Source: ET Energy World
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BS-VI emission norms to force a 10-12 per cent rise in prices of two-wheelers: ICRAThe demand for domestic two-wheelers is likely to remain weak in the near-term on the back of the implementation of BS-VI norms, which is expected to further force a 10-12 per cent increase in ownership cost across segments, according to credit rating agency ICRA. According to ICRA’s analysis, the industry is already facing several headwinds that have adversely impacted sales, and the transition to the new emission norms will further heighten the already subdued outlook. The automobile industry will transition to BS-6 emission norms by April 1, 2020. Over the past couple of months, two-... Read more.. Date : Jan 24 Source: The Hindu Business Line
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State-owned EESL to place order for at least five MG Motor SUVsMG Motor India Pvt. Ltd, a recent entrant into India’s automobile market, on Thursday said it has received interest from state-run Energy Efficiency Services Ltd (EESL) for procuring at least five of its new ZS electric sport-utility vehicle (SUV) for use by top bureaucrats and ministers. The interest from EESL, a joint venture of four state-run companies in the power sector aimed at promoting energy efficiency, is a sign that MG Motor India could be in the running for more electric vehicle orders from the government. Three years ago, EESL, which comes under the power ministry, had issued... Read more.. Date : Jan 24 Source: Livemint
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ENGIE to reduce share in renewable projects, sell 74% stake to EdelweissFrench energy major ENGIE will sell majority stake in solar power projects in India to Edelweiss Infrastructure Yield Plus (EIYP) and its portfolio company Sekura Energy. The company, which operates 1,500 megawatts (MW) of renewable capacity in India will sell 74 per cent stake in 12 solar power projects totaling 813 MW, it said in a statement. The deal, expected to be closed by the first half of 2020, is estimated to help ENGIE reduce its debt by Euro 400 million. “This transaction allows us to accelerate the implementation of our strategic model in renewable, and to free up capital to... Read more.. Date : Jan 24 Source: Business Standard
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Bengaluru-based bike rental start-up Bounce raises over $100 million in fundingBengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round. The funding was co-led by existing investors Eduardo Saverin from B Capital and Accel Partners India, TechCrunch reported. The new amount raised places Bounce’s valuation at just over $500 million. Bounce was valued at $200 million last June after its Series-C funding round. Other investors including Sequoia Capital India, Maverik Ventures, Qualcomm Ventures, Chiratae Ventures, Falcon Edge and Omidyar Network had also participated in the... Read more.. Date : Jan 24 Source: The Hindu Business Line
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MG Motors targets expansion to 3-lakh units with fresh investment for IndiaBuoyed by the massive response to its first product Hector SUV and massive pre-booking to its electric car ZS EV, M G Motor India expects to reach optimum utilization at Halol plant by producing one lakh units by next years, and eyeing new segments to expand its footprint in the Indian market. MG Motor, owned by the Chinese automotive conglomerate, SAIC is studying the next phase of expansion with a new manufacturing unit that could be a facility with an additional 2-lakh units-a-year. Speaking to ET Auto, Rajeev Chaba, MD & President MG Motors said, “In the next three-four months will... Read more.. Date : Jan 24 Source: ET Auto
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Detel to foray in EV industry with a new electric vehicleThe feature phone, TV and connected essentials brand, Detel on Thursday announced its entry in EV segment in India with a new electric vehicle. The company said in a release that it is all set to disrupt the Indian EV market with its unique and affordable offerings under its initiative #deteldecarboniseindia. With this foray, Detel will bring its products to the Indian market, to enable consumers, businesses and governments in the adoption of electric mobility. Commenting on the development, Yogesh Bhatia, MD &Founder, Detel says, “We see a huge opportunity in Indian EV Industry.... Read more.. Date : Jan 24 Source: ET Auto
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Hyderabad startup fuelling India’s e-commerce EV plansCity based electric vehicle manufacturer, Gayam Motor Works (GMW), will be expanding its association with Amazon by providing majority of three-wheeler EVs for the latter’s last mile delivery. The startup is also looking at further expanding its ties with e-commerce and logistic majors like Grofers, Flipkart, BlueDart, BigBasket and others. The company had signed up an agreement with e-commerce players like Amazon. And now the e-commerce giant is planning to order much larger fleet with GMW. “We have been supplying our vehicles to Amazon and other e-commerce companies for over a year now.... Read more.. Date : Jan 24 Source: Telangana Today
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India tops clean energy investment rankings among emerging marketsIn a first, India has topped the clean energy investment rankings among 104 emerging markets worldwide in a BloombergNEF survey. In the top five, followed by India, were Chile, Brazil, China, and Kenya. The survey evaluated the ability of the emerging markets to attract capital for low-carbon energy sources while building a greener economy. “India’s aggressive policy framework and copious capacity expansions propelled it to first place in 2019, from second in 2018. The Indian market is home to one of the world's most ambitious renewable energy targets and has held the largest-ever auction... Read more.. Date : Jan 24 Source: ET Energy World
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IIT Madras & German researchers develop a new cathode materials for longer-lasting lithium ion batteriesIndian Institute of Technology Madras and Karlsruhe Institute of Technology (KIT), Germany, researchers have developed a new class of high entropy materials for use as cathodes in long-lasting and better performing lithium ion batteries. While lithium ion batteries are ubiquitous with almost all consumer items being powered by them, their limited lifetime has remained a challenge to overcome. Poor lifetime of lithium ion batteries arises from the poor cycling stability of the cathodes. The performance of the cathode reduces with multiple charge-discharge cycles because of side reactions... Read more.. Date : Jan 24 Source: ET Energy World
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MNRE recommends imposition of basic customs duty on imported solar cells and modulesThe Ministry of New and Renewable Energy (MNRE) has recommended to its commerce and finance counterparts to impose basic customs duty on the imports of solar cells and modules mainly from China. "We have recommended to the Ministry of Commerce and Ministry of Finance that the Government of India should levy basic custom duty on import of solar cells and modules," MNRE secretary Anand Kumar said speaking at an industry event here. The revenue department of the finance ministry had in July 2018 imposed a Safeguard Duty on solar imports based on a recommendation from the Directorate General... Read more.. Date : Jan 23 Source: ET Energy World
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