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Yulu, Bajaj Auto Introducing E2W Platform for Urban Flexibility Requirements

ByPiyush Gohri
|Updated on:27-Feb-2023 12:35 PM

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Yulu and Bajaj Auto have partnered to launch Miracle GR and DeX GR electric vehicles.

Yulu and Bajaj Auto have joined hands to introduce Miracle Gr and DeX GR electric vehicles that are motive built for urban flexibility needs. The products are engineered for Indian consumers, climate, and road conditions, said the partners.

Yulu, Bajaj Auto Introducing E2W Platform for Urban Flexibility Requirements

Yulu’s collaboration with Bajaj Auto was established in 2019, when the Pune based two and three-wheeler maker got involved in Yulu’s funding exercise then. In September last year, Infusion of $82 million was announced by Yulu, the shared electric mobility-as-a-service (MaaS) and battery-as-a-service (BaaS) provider and was led by Magna International, which will look over 500 battery charging and swapping points commissioned by September this year.

The Miracle GR & DeX GR, which are being launched by Chetak Technology, a 100% owned subsidiary of Bajaj Auto, are created in India for the globe and powered by Yulu's AI-led technology stack. The two partners have stated that they have a shared vision for how smart, shared, sustainable, and secure electric vehicles can revolutionise mobility.

Yulu, Bajaj Auto Introducing E2W Platform for Urban Flexibility Requirements

Yulu stated that they have doubled its vehicles in the last three months, and is focusing to put 100,000 vehicles on the road across major cities in India. More than 10X growth in revenue is targeted by a Bengaluru-based company by the end of the year.

Yulu’s vehicles operate on swappable batteries, and Yuma Energy, a joint venture set up by Yulu with its partner, Magna, is powering it. A release issued by the company said there are currently around 100 Yuma stations across Bengaluru, Mumbai and Delhi, which the company plans to scale to 500 by 2024.

S Ravikumar, Chief Business Development Officer, Bajaj Auto said, “Going electric is a key strategic priority at Bajaj, and Yulu is an integral part of this strategy. Yulu’s deep expertise in EV technology and market knowledge coupled with Bajaj Auto’s strong, world-class R&D & manufacturing capabilities, is a powerful force that is shaping India’s future of mobility.”

Amit Gupta, Co-founder & CEO, Yulu said the changing mobility needs and customer expectations have enabled Yulu’s partnership with Bajaj Auto. “Together with Bajaj Auto, we are setting a new benchmark in urban mobility by ensuring affordable access to the best-in-class ride, while taking pioneering steps towards green commuting,” he said.

Upcoming FAME 3 Scheme to Offer INR 10,000 Crore for Hybrid Vehicles

|Updated on:29-May-2024 12:35 PM

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Discover the upcoming FAME 3 Scheme offering INR 10,000 Crore to promote hybrid vehicles. Stay informed about the latest developments in the world of sustainable transportation.

Upcoming FAME 3 Scheme to Offer INR 10,000 Crore for Hybrid Vehicles

The third edition of the Modi government's flagship electric vehicle incentive scheme, FAME (Faster Adoption and Manufacturing of Electric Vehicles), is set to focus on electric two-wheelers, three-wheelers, and government buses. With an allocation of INR 10,000 crore, this scheme aims to bolster electric vehicle adoption in India. The inclusion of electric cars for institutional buyers like taxi aggregators remains undecided. 

Launch Timeline and Financial Outlay

The FAME 3 scheme, with a substantial outlay of INR 10,000 crore, is anticipated to be rolled out within the first 100 days of the new government taking charge. According to a senior official, the scheme will provide financial incentives to electric two-wheelers, three-wheelers, and government-owned buses.

Scope and Coverage

Electric Two-Wheelers and Three-Wheelers

The scheme will extend financial incentives to encourage the adoption of electric two-wheelers and three-wheelers. This continuation aims to support local manufacturing and sales of electric vehicles.

Government-Owned Buses

Government-owned buses will also be included in the incentive scheme, reflecting the administration's commitment to promoting sustainable public transportation.

Undecided Inclusion of Electric Cars

A final decision on the inclusion of electric cars, particularly for institutional buyers such as taxi aggregators, is still pending. Hybrid cars might receive support under FAME 3 if passenger cars are included, subject to adhering to the price cap.

Transition from FAME 2 to FAME 3

Temporary EMPS

FAME 3 will follow the Electric Mobility Promotion Scheme (EMPS), which was introduced as a temporary measure after FAME 2 ended on March 31. EMPS, with an allocation of INR 500 crore, supports the sales of electric two-wheelers and three-wheelers for four months until July.

Previous Incentives Under FAME 2

FAME 2 had provided a 15% subsidy on the sale price of electric scooters. Under EMPS, incentives are reduced to INR 10,000 per electric two-wheeler (down from INR 22,500 in FAME 2) and up to INR 50,000 per electric three-wheeler (down from INR 111,505). Both categories receive incentives of INR 5,000 per kilowatt-hour (kWh).

New Guidelines and Certification

Fresh Certification Requirement

As FAME 3 will be a new scheme, all companies seeking incentives on the sale of electric vehicles must apply for fresh certification. This ensures compliance with the latest standards and guidelines. 

Duration and Validity

FAME 3 is initially expected to be valid for sales made over a two-year period, a shorter time frame compared to the five years under FAME 2. This shorter duration aims to accelerate the adoption and transition to electric mobility.

Carbike360 Says

The FAME 3 scheme aims to continue the momentum of electric vehicle adoption in India, focusing on two-wheelers, three-wheelers, and government buses. While the inclusion of electric cars for institutional buyers remains undecided, the scheme's financial incentives and fresh guidelines are poised to drive the growth of the electric vehicle market.

Hyundai Inaugurates 1st 180 kW DC Fast Charging Station in Chennai

|Updated on:29-May-2024 11:59 AM

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Hyundai has opened the first ultra fast DC charging station in Chennai. The company plans to expand it further to 100 stations.

Hyundai Inaugurates 1st 180 kW DC Fast Charging Station in Chennai

Hyundai India has inaugurated its first 180 kW DC fast charging station in Chennai, Tamil Nadu. Located at Spencer Plaza Mall in Anna Salai, Thousand Lights, the EV charging station is open to all EV cars & not just Hyundai cars. Moreover, Hyundai has also stated its plans to further expand the number of these fast charging stations to 100 in the state of Tamil Nadu.

Source: RushLane

More Than 600 Cars Wrecked as Cyclone Remal Creates Chaos in Kolkata

|Updated on:29-May-2024 11:26 AM

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Cyclone Remal wreaked havoc in Kolkata, damaging 600 cars due to the storm and waterlogging. Anandabazar Patrika reports 250 cars were waterlogged. The police mobilized 600 damaged cars.

More Than 600 Cars Wrecked as Cyclone Remal Creates Chaos in Kolkata

Cyclone Remal: Cyclone Remal has caused extensive damage to cars in Kolkata, affecting around 600 vehicles due to the storm and heavy rain-induced waterlogging. According to Anandabazar Patrika, about 250 cars were damaged solely by waterlogging. The Kolkata Traffic Police reported that their department alone mobilized 600 damaged cars in response to the cyclone's impact.
 

Maruti Suzuki eVX Spotted Testing on Indian Roads; Details

|Updated on:29-May-2024 07:03 AM

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The Maruti Suzuki eVX has recently been spotted testing on Indian roads. The spotted test mule’s design matches the concept showcased at the Auto Expo 2023.

Maruti Suzuki eVX Spotted Testing on Indian Roads; Details

Maruti Suzuki eVX: The Maruti Suzuki eVX has recently been spotted testing on Indian roads. The spotted test mule’s design matches the concept showcased at the Auto Expo 2023. The production version of the eVX will be launched in or near July 2025. Maruti Suzuki is dedicatedly working on eVX to enable its aggressive entry into the electric car segment in India. After the launch of eVX, Toyota will also launch its rebadged variant in the market. Maruti will also export the upcoming eVX to other international markets. 
 

Mahindra Delivers 2,500+ XUV 3XOs in first three Days

|Updated on:29-May-2024 06:47 AM

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Discover Mahindra's impressive delivery of over 1,500 XUV 3OO vehicles on day one. Find out more about the waiting period on our website.

Mahindra Delivers 2,500+ XUV 3XOs in first three Days

Mahindra delivered over 2,500 XUV 3XO SUVs across India in the first three days, May 26. The XUV 3XO replaces the XUV300 in the sub-compact segment, targeting rivals like Tata Nexon and Maruti Suzuki Brezza. Despite high demand, deliveries for entry-level and top-end variants will begin in June. 

Mahindra XUV700 EV (XUV.E8) 3 Screen Dashboard Patent Leaked

|Updated on:28-May-2024 11:08 AM

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Mahindra XUV.E8 i.e. XUV700 Electric/EV will come with triple 10.25 inch screens, 1 each for drivers display, infotainment, & front passenger.

Mahindra XUV700 EV (XUV.E8) 3 Screen Dashboard Patent Leaked

Expected to launch sometime in the first half of 2025, Mahindra XUV.e8 i.e. XUV700 Electric/EV is again in the news for its recently leaked 3 screen dashboard patent, which also confirms the presence of HUD (Heads Up Display). It will come with triple 10.25 inch screens, 1 each for drivers display, infotainment, & front passenger. Just a few days ago, its new steering & headlamp assembly patent had also leaked.

Source: RushLane