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Sustainability Outlook Headlines

Tata Motors to commence roll-out of BS-VI compliant products this month

Tata Motors on January 9 said it will start roll-out of over 100 BS-VI compliant models, including passenger vehicles, this month. The auto major also plans to have four global unveils and display 14 commercial and 12 passenger vehicle at the upcoming Auto Expo. "From January 2020 onwards, we will be introducing over 100 lead models with over 1,000 variants," Tata Motors President and Chief Technology Officer Rajendra Petkar said in a statement. These will cover options of powertrain combinations, body styles, chassis configurations plus technologies imbibing connected, electric, shared... Read more..

Source: Money Control

Goodyear unveils $100 million VC fund for new mobility initiatives

Ohio-based tyremaker Goodyear Tire & Rubber Co recently announced the launch of a $100 million venture capital (VC) fund for new investments in future mobility solutions over the next 10 years. Named as Goodyear Ventures, the fund will continue and expand Goodyear's growing relationships in new mobility, with a focus on partnering and investing in startups with a shared vision of sustainable, safe and new mobility experiences that make life's connections easier every day, the company said in a statement. Goodyear's Chairman, CEO and President Richard J Kramer says "Goodyear is a... Read more..

Source: ET Auto

Volkswagen plans to launch four SUVs in India over next two years

German automaker Volkswagen on Thursday said it plans to introduce four new sports utility vehicles (SUVs) in the Indian market over the next two years. The company said it would showcase its SUV range, including electric vehicle based on the MEB platform along with the world premiere of the A0 SUV from Brand Volkswagen under India 2.0 project, at the Auto Expo next month. "Owing to ever increasing consumer preferences for the SUVs, the Volkswagen brand plans to heavily focus on introducing its global line-up of SUV portfolio for the Indian market," the company said in a statement.... Read more..

Source: Business Standard

Shared mobility will be the base of EV plan, says M&M's Pawan Goenka

Automobile entity Mahindra & Mahindra says shared mobility will be the base of its electric mobility plan. "This is in tune with government policy. The company is working with state governments and fleet operators to make electric mobility viable. Mahindra now has 22,000-23,000 electric vehicles (EVs) on ground,” said Pawan Goenka, managing director. EVs, believes the company, can take off faster in the shared mobility segment. Goenka also notes many states have started procuring electric buses, with at least 4,000 of these to on the road this year. Mahindra Electric has been in... Read more..

Source: Business Standard

Global NEV market to grow to $567,299.8 million by 2025

Globally the new energy vehicle (NEV) market will grow to $567,299.8 million by 2025 at a CAGR of 22.3 per cent, claims a study by Market Insights Reports. The NEV market across the world was valued at $118,864.5 million in 2017. The new energy vehicles include not only battery electric vehicles, but plug-in hybrid (PHEV) and hybrid electric vehicles as well. China is going to play a key role in this growth of the NEVs, as the biggest market for the greener powertrain equipped vehicles are expected to attribute 25 per cent of the country's total auto sales by 2025, as the Chinese... Read more..

Source: ET Auto

10 DC fast chargers installed across dealerships: MG Motors India

MG Motor India has installed 10 DC electric vehicle chargers across its dealerships, the company said on Wednesday. The company is setting up a 5-step charging ecosystem, aimed at fulfilling the needs of electric vehicle customers, the release added. Morris Garages (India) Motors is set to launch its full-electric SUV ZS EV later this month, which would compete against Hyundai Kona EV and Tata Nexon EV. There are multiple ways of charging the ZS EV. Carmakers will install a 7.4 kW AC fastcharger at home/office/desired place of the customer, which will take around 6-8 hours to complete... Read more..

Source: The Times of India

Mercedes to showcase EQ electric vehicle in India on January 14

Mercedes-Benz will introduce its EQ electric car brand in India on January 14, 2020, with the close-to-production version of the EQC SUV at the event; a production-ready model is expected to launch later in the year, making it Mercedes' first all-electric model in India. For those unaware, Mercedes EQ is essentially the German luxury carmaker's division of all-electric vehicles, just like how AMG is its performance arm and Maybach is its uber-luxury range. Other global models from EQ currently comprise the EQV and Vision EQS concept. Mechanically, the global-spec EQC's drivetrain is made... Read more..

Source: AutoCar

Banks seeing credit demand from solar, oil & gas and road: SBI Chairman

Banks are seeing demand from credit project pipeline from three sectors - oil and gas, solar and road but there is no large ticket demand for credit of the kind that was seen last year, State Bank of India Chairman Rajnish Kumar has said. The banking sector is going to see good recoveries from non-performing assets in the third and fourth quarters of the current fiscal, helped by resolution of some large stressed accounts, he said, adding the time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism. "These two quarters (Q3 and Q4) will... Read more..

Source: ET Energy World

Cabinet Approves Mou Between India, UK For Energy Self-Sufficiency In Indian Railways

The Union Cabinet on Wednesday gave its approval to Memorandum of Understanding (MoU) signed with the UK's Department for International Development for enabling energy self-sufficiency in Indian Railways. An official release said under the MoU signed by Railway Ministry with DfID, the parties agreed on the scope of activities to be undertaken as a part of the endeavor for enabling energy efficiency and energy self-sufficiency for the Indian Railways. The parties agreed for energy planning for the railways in solar and wind energy sector, energy efficiency practices, fuel efficiency,... Read more..

Source: Business World

India in talks with World Bank for Modi’s global electricity grid plan

India has started consultations with the World Bank as its technical partner to implement an ambitious global electricity grid plan pitched by Prime Minister Narendra Modi. With the world grappling with climate change concerns, a senior government official said the multilateral funding organization may prepare a feasibility report for the project announced in October 2018, that can further bolster India’s image as a clean energy champion. The proposed global grid plans to leverage solar power generated in one geography to feed the electricity demands of other nations. This comes against... Read more..

Source: Livemint

Discounts on BS-IV vehicles come down

Automobile companies have started scaling down discounts on Bharat Stage-IV vehicles, as their inventory of products complying with the soon-to-be obsolete emission standards has stabilised at manageable levels, industry insiders and experts said. Over the past three months, including the festive season, auto companies had given huge discounts — as high as Rs 1 lakh — to customers depending on the model. This was to reduce their BS-IV inventories leading up to the transition to BS-VI from April 2020. The discounts helped sentiments to an extent, especially during the festive season.... Read more..

Source: ET Energy World

SoftBank in talks to sell stake in India's renewable energy venture: Report

SoftBank Group Corp is in talks to sell a majority stake in its renewable energy joint venture in India as it looks to raise cash after facing setbacks to its global investments, India's Economic Times daily reported on Thursday. As part of the move, the Japanese technology and investment giant has been in talks with sovereign wealth and pension funds from the Far East and Gulf regions, as well as some Silicon Valley technology giants, the report said, citing people in the know of the matter. A SoftBank representative in India did not immediately respond to an email request from Reuters... Read more..

Source: Business Standard

Sustainability Outlook partners with India Smart Grid Forum for India Smart Utility Week 2020

ISGF has been organising its flagship annual event, India Smart Grid week (ISGW) since 2015 and it is considered as one of the top five international events on Smart Grids and Smart Cities. With launching of 100 smart city projects by the Government of India, water and city gas distribution utilities will also need to equip themselves with latest technologies for improved operational efficiency and successful integration into the smart city systems. However, lack of effective policy and regulations both at... Read more..

Source: Sustainability Outlook

GIC, ADIA-backed Greenko set to pick up stake in large hydro project

Greenko Group, India’s most-funded renewable energy company, is set to acquire a stake in a large hydropower project that was developed in a public-private partnership and has been dogged by controversies, VCCircle has learnt. Hyderabad-based Greenko, backed by Singapore sovereign wealth fund GIC and Abu Dhabi Investment Authority, is to buy a stake in Teesta Urja Ltd, which operates a 1,200 megawatt (MW) power plant in North Sikkim. The Sikkim government owns a tad above 60% stake in Teesta Urja while five private-sector companies own the rest. The Sikkim government is not selling its... Read more..

Source: VC Circle

Two schemes floated to revive stranded gas-based power units

The power ministry has finalised two schemes to procure 4,000 MW from gas-based power plants to rescue stranded units put up at a cost of about Rs 1,00,000 crore. The schemes include procuring 2,000 MW from gas-based plants through auction and bundling it with an equal capacity of solar power. Another 2,000 MW will be procured through online reverse auction, on a model similar to previous such schemes. Power producers welcomed the long awaited scheme, saying it will bring almost 11,000 MW of stranded gas assets out of NPA situation. “The scheme should be quickly implemented with all... Read more..

Source: The Economic Times

Govt, NTPC to sign MoU for solar park in Jaisalmer

The government is set to ink an agreement with NTPC for developing a 925 megawatt solar park in Jaisalmer that would fetch nearly Rs 4,000 core investment. The ultra-mega solar park at Nokh, spread over 1850 hectare, will be the first project for developing a park under the new solar policy announced last month. Sources in the RRECL said that discussions and decisions with NTPC have taken a definite shape for developing the Nokh Ultra Mega Solar Park and an agreement is likely to be signed very soon. When TOI contacted RRECL chairman Ajitabh Sharma, he confirmed that the discussions with... Read more..

Source: ET Energy World

Six more waste-to-energy plants soon: Kerala CM

Chief minister Pinarayi Vijayan here on Monday said that state government plans to construct centralized Waste to Energy (WtE) plants in six more districts in the state. Addressing the gathering after the work inauguration of the Rs 250 crore WtE plant at Njeliyanparamba, he said that the state government will set up advanced WtE plants in Kollam, Thrissur, Kannur, Thiruvananthapuram, Malappuram and Palakkad districts on Design, Built, Finance, Operate and Transfer (DBFOT) under public private partnership (PPP) model to resolve existing waste menace. Referring to people’s apprehensions... Read more..

Source: ET Energy World

Telangana: Roadmap on 138 EV charging stations in a week

With the Central government approving 138 electric vehicle (EV) charging stations for the State, the Telangana State Renewable Energy Development Corporation Ltd (TSREDCO) has begun formulating procedures for the selection and execution of setting up these stations. The TSREDCO, the nodal agency for executing the programme in the State, which had proposed over 200 such EV charging stations in the -HMDA-ORR area besides Karimnagar and Warangal cities, said it has to get the final order from the government. “We will come up with a clear roadmap within a week on where and how to set up these... Read more..

Source: Telangana Today

Adani, NTPC Sought Extension Of Deadlines To Curb Coal Plant Emissions

Top Indian coal-fired power generators Adani Power and NTPC Ltd have sought two-to-three-year extensions of deadlines to install emissions-cutting equipment at some plants, according to documents reviewed by Reuters, even as the country battles rampant pollution. The requests mean the two biggest power producers in India are pressuring the government to delay emissions targets for a second time, citing costs and technical difficulties, even as the country chokes on some of the worst smog on the planet. Highlighted in correspondences over the past year reviewed by Reuters, the requests... Read more..

Source: Business World

Renault to launch Zoe EV in India

Renault India is gearing up to bring the Zoe EV to India by 2020-2021. To gauge market interest, the model will be showcased in February at the upcoming Auto Expo 2020 in Noida. The car is currently being tested and modified to make it suitable for our conditions (especially for our climate), with Renault testing the range locally as well. One of the modifications being carried out, for example, is to the underside of the battery, where additional protection from physical damage could be provided. Considering the combination of our unregulated speed-breaker sizes and our penchant for... Read more..

Source: AutoCar india

Fisker Confirms Its 480 Km Range Ocean Electric SUV Will Launch In India

Fisker Inc, a company known for its state-of-the-art electric vehicles, is in the limelight again with the launch of its Ocean electric SUV prior to the CES 2020. With its debut appearance in 2018, the electric SUV garnered a lot of attention over the years and is now finally ready to hit the international markets. Interestingly, India is one of these markets. In a recent interview, the company’s chairman and CEO, Henrik Fisker confirmed that India will see the Fisker Ocean SUV eventually. The move to India is not expected to come anytime soon. But when it will, the firm will try for a... Read more..

Source: India Today

Ather Energy teases its next scooter 450X, bookings open

Ather Energy has teased its next electric scooter in India, the 450X. The upcoming scooter will be based on the Ather 450 e-scooter. While the company has not revealed the details of the model, it has started receiving bookings for the 450X. The company has also informed that the launch of the scooter will take place soon. The regular Ather 450 electric scooter is powered by a 2.4 kWh lithium-ion battery pack. The electric motor generates 7 PS of peak power and 20.5 Nm of peak torque. Also, it comes with two riding modes, which are Sport and Ride. The Ather 450 offers a range of 65 km on a... Read more..

Source: ET Energy World

India Climate 2019: Arabian Sea saw 400% more cyclones

The India Meteorological Department on January 6, 2020 released its much-awaited report on India’s climate in 2019. As expected, the climate crisis wreaked havoc. The number of cyclones in Arabian Sea stood out in particular. Down To Earth has regularly reported on how the year that just passed was tumultuous in term of extreme and contrasting weather events. Five of the eight cyclones — 60 per cent of the total — that affected India in 2019 were on the Arabian Sea. Normally, the sea on India’s west undergoes only one cyclone. “(This) equals the previous record of 1902 for the highest... Read more..

Source: Down to Earth

MNRE's 40 GW rooftop solar target "unrealistic": Parliamentary panel

The government's rooftop solar target of 40 gigawatt (GW) by 2022 is unrealistic and it is highly unlikely that it will be met on time, Parliamentary standing committee on energy has said. The Committee said in its latest report that as per the year-wise targets set to install 40 GW by 2022, there should have been an installed rooftop solar capacity of 16,000 MW by 2018-19 but as of October 15, 2019, only 1,826 MW capacity has reportedly been installed, which means that the achievement is only 11.50 per cent of the target. The panel noted National Institute of Solar Energy (NISE) has... Read more..

Source: ET Energy World

Proposed Carbon Tax Waiver On Coal May Pose Risks To India's Renewables Growth: Fitch

Fitch Solutions on Monday said that the centre's proposed carbon tax waiver on coal may pose substantial downside risks to India's renewable sector growth. In a bid to alleviate significant debt levels in the power industry, India has proposed to waive carbon taxes on coal (Rs 400 rupees/tonne), it said. This comes at a time where aggressive bidding and rapid fall in tariff prices in country's renewable power auctions have squeezed profit margins for project developers and threatened the economic feasibility of the project pipeline in the renewables sector. The proposed carbon tax waiver... Read more..

Source: Business World