Mahindra & Mahindra (M&M) which currently sells e2oPlus and eVerito EVs is planning to accelerate launch of electric vehicles (EVs) in the wake of government clearing a Rs 10,000-crore programme under the FAME-II scheme. M&M has earmarked a total outlay of Rs.900 cr for EV vertical. The company has set up an electric technology manufacturing hub in Bengaluru with an investment of Rs.100 cr and Rs.350 cr for new R&D centre in Bengaluru. It is also expanding its Chakan (Pune) plant at an investment of Rs.450 cr to enhance its EV portfolio. The company would look at localising the motor which goes into EVs, the power electronics and the battery. FAME II will be implemented over a period of 3 years w.e.f. 1st Apr-19. The main objective of the FAME II scheme is to promote and encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentive on purchase of EVs and also by way of creating necessary charging infrastructure for EV. #autojobs4u ...

Piaggio Vehicles, which is a 100 per cent owned subsidiary of Italy's Piaggio Group aims to launch a fully electric 3-wheeler in India by the middle of this year. The3-wheeler will be developed in house with some components coming from outside suppliers like the company will be importing lithium-ion battery cells but other components like engine and battery management system would be fully localised. Along with the aim of driving electric mobility the company is also ready with a fuel application mechanism for its product portfolio for transition to BSVI norms. The company has already introduced a water-cooled CNGPG application in mid of last year in all its 3-wheelers offering it advantage for preparedness towards BS VI homologation. #autojobs4u #piaggio #Electricvehicle #Automobileindustry #Automotiveupdates #India