In 2024 several electric vehicles are now ready to roll on the Indian roads. Now, according to the latest information from the Union Minister of Commerce and Industry, Piyush Goyal India could become the largest EV market in the world by 2030.
Here's the statement
“India is now being recognised across the world with the pace at which we are doing pioneering work in technologies like advanced energy storage and e-mobility and green hydrogen. By 2030, India could become the world’s largest electric vehicle market," Goyal said at the inauguration of Bharat Mobility Global Expo 2024.
Volkswagen is now ready to bring Entry-Level EV
In the Indian market, Volkswagen is planning to bring an entry-level electric vehicle (EV) during the second half of this decade. For now, India is ranking on the third position as the largest automobile market in the world. As per the sales record, in 2023, sales of electric vehicles grew around 49 percent year-on-year to 1.53 lakh units, with two-wheelers leading the race. Nearly 8 lakh vehicles joined the electric vehicle race.
The ambitious project of introducing an affordable EV requires a substantial investment, with the company seriously evaluating opportunities. Piyush Arora emphasized the need for a triple-digit million euros investment, underscoring the volume requirements and the vital role of the Indian market in the brand’s global volumes and exports.
The company will work on its electric vehicle based on the MQB A0 37 architecture. This move aims to introduce premium EVs embedded with advanced technologies in India, alongside plans for a compact SUV underpinned by the MQB A0 IN platform.
"Penetration of EVs in India will not be as fast as needed to justify the investment, so we are looking at the possibility of exporting that product," said Arora. The carmaker will look at exporting the new EV to southeast Asia, Gulf Cooperation Council (GCC) countries and North Africa, just as it has done for its gasoline cars, he said.
Ola S1X launched with 4kWh battery
Ola has now officially introduced the S1X electric scooter in India. Before proceeding to the details of the specification of the bike. Let's review the sales details of the vehicles. In January 2024 EVs recorded 81,343 units total sales, marking a substantial 26 percent year-on-year increase compared to January 2023.
As leading in the market, Ola Electric recorded 32,160 units of sales in January 2024. You will be glad to know that this company became the first Indian EV two-wheeler company to surpass sales of 2.5 lakh units in a single year.
Giving perfect competition, TVS Motor Co also showcased better growth with 15,181 units in January 2024, securing a commendable market share of 19 per cent. The success of TVS Motor Co's iQube e-scooter contributed significantly to its continued growth trajectory.
Now, let's check the key details of the Ola Electric new scooter, the company has recently hosted a live event on YouTube, unveiling a series of groundbreaking announcements. The company has started the purchase of S1X- 2kWH and 3kWh battery packs with affordable pricing.
Ola Electric has now launched a higher-tier 4 kWh battery pack for S1X, delivering an impressive 190 km range, setting a new standard for efficiency in electric vehicles. Also for better public service, Ola Electric is planning to install 10,000 additional charging stations by the next quarter, further promoting the widespread adoption of electric vehicles. The all-new scooter comes with an 8-year battery warranty, covering up to 80,000 km. The latest electric scooter comes with an LED headlight, tail light, turn signal lamp, and a low battery indicator.
Key Specification Of Ola S1X
- Ola S1X Screen Size - 4.3″
- Ola S1X Top Speed - 90 km/h
- Ola S1X Range - 190 km
- Ola S1X Acceleration - 3.3 sec
- Ola S1X Motor - 6 kW
- Ola S1X Battery Capacity - 4 kWh
- Ola S1X Modes - Eco, Normal, Sports
Ola S1X Price
Interested buyers can get the new Ola S1X 4 kWh variant with a starting price of Rs.1,09,999, and customers can make purchases starting today, with deliveries scheduled for April 2024.
Apart from the above vehicles, the Bharat Mobility Global Expo 2024 gave us a glimpse of India's current automotive sector. In the list, G-Wagon is now going electric with the introduction of the EQG. The Enyaq iV is Skoda's first all-electric SUV and is based on Volkswagen Group’s MEB platform. Tata Motors working on the upcoming Harrier.ev to the expo and it will come with an AWD system hinting.
Mahindra is planning to bring the new BE Rall-E electric car based on Mahindra’s BE platform. The upcoming electric car aims to come with a 250-290kW power and 0-100kmph in 5-6 seconds. The platform supports 60-80kWh batteries with 175kW fast charging.
