Tesla Shares reaching its Near Value Stock Level

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November 20, 2022

According to a Morgan Stanley analyst, the recent beating Tesla’s stock (TSLA) has taken has brought it close to stock level. Tesla has recently delivered record quantities of automobiles, sales, and profit, but this isn’t showing up in the performance of its shares. According to several experts, Tesla is finally approaching the price range of a value company after years of trading at multiples over its revenue and profitability.

Longtime Tesla supporter and Morgan Stanley analyst Adam Jonas observed in a fresh note to clients this week that Tesla’s stock is approaching his $150 per share bear case, making it more appealing from an EBITDA multiple perspective. Morgan Stanley reiterates its overweight (or Buy) rating and $330 price target, representing a considerable increase above Tesla’s current stock price.

Tesla shares would trade at approximately 12.5x EV/EBITDA and 23x PE on our FY25 forecast (SBC burdened) which we see as excellent value for a self-funded, 20 to 30% top-line grower in top position to benefit from re-architecting the US on-shore/near-shore/friend-shore renewable supply chain at scale.

Elon Musk is clearly to blame for this decline in value, both directly by selling billions of dollars’ worth of Tesla stock over the period and indirectly by some investors losing faith in him as a result of the Twitter crisis.

However, it is generating an odd situation in which Tesla appears to be concerned about its stock price for the first time, despite the fact that they wanted it to be high in order to attract more funding.

The company’s board of directors has confirmed discussions about launching a stock repurchase programme between $5 to $10 billion. This would undoubtedly assist, but it’s difficult to estimate how much. It is preferable to concentrate on Tesla’s core business, which remains robust and is anticipated to grow stronger next year, particularly in the United States, after regaining access to the federal EV tax credit.

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Haryana EV Policy: Hybrid Car buyers will get incentives

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Nivedita Bangari

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November 20, 2022

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States are updating their EV regulations in response to rising reports of EV demand, and Haryana is currently drafting a new one. According to Additional Chief Secretary of Industries and Commerce Anand Mohan Sharan, the Haryana government has announced its new electric car strategy, which now comprises a total of 12 programmes. “The policy’s purpose is to stimulate the manufacturing of electric vehicles and their components in the state,” he continued. The new policy will not only encourage the use of EVs but also launch research and development in this area.

In addition to increasing infrastructure, provisions in the strategy have been made to lower the initial cost of electric vehicles. Buyers of Hybrid EVs will also benefit from this.

Sharan stated that the Industries and Commerce Department has notified the Haryana Electric-Vehicle Policy-2022, which includes 12 programmes that are now available on the website (www.investharyana.in) for individuals to take advantage of.

He stated that the 12 schemes implemented in the Electric-Vehicle Policy to encourage electric vehicles include purchase incentives for purchasers, charging and battery swapping station schemes, net SGST reimbursement schemes, capital subsidy schemes, employment generation subsidy schemes, and so on.

All buyers interested in taking advantage may visit the website, review the facts, and apply for incentives within 45 days of the portal’s launch. The policy paper and scheme document, which outline the terms and conditions for claiming the incentive, are available for download on the website.

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Hyundai Ioniq 5 has started its “Fastest EV Drive Covering The 7 Wonders Of India” Journey

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Nivedita Bangari

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November 20, 2022

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From its corporate headquarters in Gurugram, Haryana, Hyundai Motor India Limited (HMIL) today signalled the departure of the future Ioniq 5 electric vehicle “to discover the famed wonders of India.” The Ioniq 5 is launched by Unsoo Kim, MD & CEO of Hyundai Motor India, with the goal of exploring India’s Wonders and setting new records.

The flagship EV is also planning to set a new record for “Fastest EV Drive Covering The 7 Wonders Of India” in addition to setting off on an adventure to discover the Seven Wonders of India. The Golden Temple in Amritsar, Punjab, has been selected as the first location for the South Korean automaker’s attempt to break this record, which will be submitted to the India Book of Records.

The Hyundai Ioniq 5 will travel to majestic and well-known sites such as the Taj Mahal in Uttar Pradesh, the Temples of Khajuraho in Madhya Pradesh, the Old Nalanda Ruins in Bihar, the Konark Sun Temple in Odisha, the Ancient City of Hampi in Karnataka, and then to the Gomateshwara statue in the same Southern state.

The 2022 World Car of the Year, the Ioniq 5, may enter the nation via the SKD (Semi Knocked Down) route. It might therefore be less expensive than Rs. 50 lakh, undercutting the Kia EV6, its twin, which made its local debut in August 2022. It is supported by the E-GMP skateboard-specific architecture.

The mechanicals of the Hyundai Ioniq 5 and the Kia EV6 share a number of similarities. The Ioniq 5 is offered with a 58 kWh or a 77.4 kWh battery pack on international markets. It will compete against the Mini Cooper SE, Kia EV6, and Volvo XC40 Recharge. Compared to the Kona Electric, which is already for sale in India, it is more expensive.

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General Motors believes its EVs will start becoming profitable by 2025

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Nivedita Bangari

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November 19, 2022

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General Motors is now spending a lot of money in order to become the largest seller of electric automobiles in North America. However, the corporation anticipates that by 2025, its EV programme will be “solidly profitable,” and the burning of cash would end for good.

The business, which is the biggest automaker in North America, provided investors with an overview of the strategy to accomplish this aim on Thursday during a flashy event in Manhattan. In order to support its claim that it will begin selling 1 million EVs yearly in 2025, General Motors displayed a number of electric vehicles, including the gorgeous $300,000 fastback Cadillac Celestiq that was initially introduced last month.

Even for the largest automaker in the country, selling 1 million EVs annually won’t be simple; it took Tesla more than ten years to reach that milestone. The construction of at least five battery plants in North America, the acquisition of raw materials for battery assembly, and the development of new digital retail options to increase customer demand are all part of the executives’ belief that they have a sound plan in place.

By the end of the year, General Motors says it is on target to sell 44,000 Chevy Bolt EVs and EUVs in the US at a loss. The Bolt is the only plug-in vehicle now being sold by the corporation in large quantities and at a loss.

The GMC Hummer EV and Cadillac Lyriq, two other battery-electric GM cars, are still gradually scaling up production. The Chevy Silverado EV and Chevy Blazer EV will also be added to the roster the following year. General Motors has to increase its EV sales since it has a target date of 2040 to become carbon neutral. Furthermore, this is not an act of kindness. By 2035 or later, a number of US states, led by California, plan to outlaw the sale of cars with internal combustion engines.

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MG Air EV is officially coming to India, used as the official vehicle at G20 Summit

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Nivedita Bangari

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November 19, 2022

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MG Air EV to launch in 2023: Should you be excited?

The G20 Summit is now taking place in Indonesia, and the official vehicle is an electric vehicle from G Motor. The automaker has published images of the Wuling Air EV, a small electric vehicle. MG Motor will create its next electric car for India based on the Wuling Air EV.

To carry ambassadors and other G20 officials to Indonesia, some 300 Air EVs have been stationed in Bali. The unique aspect is that the electric vehicle was especially created in a unique colour just for this occasion. There are two distinct designs among the Wuling Air EVs stationed at Summit. First, the colours red and orange, stand for liberty, comradery, and peace. Secondly, blue represents Indonesia’s diversity.

The Wuling Air EV, which is presently offered in Indonesia, will serve as the foundation for the next electric vehicle in India. It is anticipated that the tiny EV will not be called the Air EV in India, where it has been assigned the codename E230. Instead, MG will give the vehicle a new name.

The forthcoming MG Motor electric vehicle will probably be about the same size as the Wuling Air EV. Its dimensions are anticipated to be 2,974 mm in length, 1,505 mm in width, and 1,631 mm in height, with a 2,010 mm wheelbase. It will be smaller than the Tiago EV and quite comparable to PMV Electric’s recently released Eas-E mini EV.

Wuling provides two battery packs for the Air EV: a smaller 17.3 kWh unit and a bigger 26.7 kWh unit. According to Wooling, the smaller battery provides up to 200 km of range, while the larger battery provides up to 300 km. On the back axle of each battery pack is an electric motor. According to MG Motor India, the Wuling Air EV-based electric vehicle will be on sale in January of 2019. It is anticipated that it will be on show at the upcoming auto expo in Delhi.

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Pravaig may be soon launching a Flagship Killer EV in India

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Nivedita Bangari

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November 19, 2022

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Pravaig, An electric vehicle manufacturer with its headquarters in Bengaluru plans to enter the market for high-end cars. Its first high-end EV SUV, the Defy, is touted as a “flagship killer” that will compete with numerous high-end EV vehicles now on the market. On November 25, the automobile is anticipated to emerge from cover with astounding range and performance specifications.

For some time now, Pravaig has been teasering the Defy electric SUV. Key performance metrics were made public by the corporation prior to the official unveiling. The startup’s second product is Defy, a five-seater premium electric SUV. It had previously displayed the Extinction MK1, its first electric vehicle, which it claimed could go more than 500 km on a single charge and reach high speeds of about 200 kph. After its introduction more than two years ago, the two-door, four-seater electric vehicle did not become a commercial success. The Defy electric SUV is anticipated to meet, if not improve upon, some of the performance parameters, according to information provided by Pravaig.

According to the manufacturer, the EV has a 504 km range on a single charge. It may be among the EVs in India with the longest range as a result. In just 30 minutes, the battery could be charged up to 80% of its capacity. This confirms that DC fast charging is available for the electric SUV.

Pravaig’s assertion regarding the Defy’s power and torque numbers makes things better.

According to the EV startup, the EV will have a maximum torque of 620 Nm and 402 horsepower. The power output is roughly identical to that of the Kia EV6, Audi e-Tron electric SUV, and even the Volvo XC40 Recharge. According to the company, the electric SUV has a top speed of 210 kmph.

The manufacturer claims that the electric SUV would be able to accelerate from 0 to 100 km/h in 4.9 seconds, which is nearly as fast as some of the fastest EVs now on Indian roads. According to Pravaig, the Defy will have on-board wifi, a 15-inch laptop desk, a limousine divider, 220V charging sockets, an air quality index with PM 2.5 air filter, vanity mirrors, an upgraded music system, a USB socket, and wireless charging. MirrorLink would be supported on the screens. It’s crucial to remember that once the electric SUV is introduced, the features that will be included in the production model will be made public. Recently, luxury car manufacturers from abroad have begun to enter the Indian market.

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New Solar-Powered Electric Vehicle art adds new Beauty to Bengaluru’s Street

BYD ATTO 3 Electic SUV enters the Indian Market starting at Rs.33.99 Lakh

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Google Maps got a big update: It will now help you find charging stations for EVs

By

Avik Roy

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November 19, 2022

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Google Maps got a big update: It will now help you find charging stations for EVs

EV charging stations can be found with just one click. In the coming days, Google Maps will admit a new stoked reality point that enables you to use your phone’s camera to discover what’s hard. The Hunt with Live Viewpoint will also include availability icons and AR-powered directions and arrows tool to help us find the EV charger, the company blazoned on Thursday.

First over, if you need some juice and do not have a ton of time on your hands, you can now filter through the all EV charging stations on Charts by opting for ” fast charging” to find speedy battery life. also, Charts will now include wheelchair icons for those who bear availability options.

Google Maps Now Shows EV Charging Stations

Google Maps hunt with Live View was blazoned in September of this time, along with Neighborhood Vibe, Immersive View, and other features. Pretend you ’re in New York for vacation shopping and to see musketeers. Lift your phone and hit the camera symbol in the hunt bar to see bordering stores, cafes, and ATMs.

For possessors of electric vehicles who need to charge their vehicles, Google Maps has experienced another notable change. You can use the streamlined Google Maps to filter charging station information to find fast dishes or entrapments that are compatible with your electric vehicle( EV).

With AR- powered directions and arrows, you can see where they’re and how far down they are, and spot places that aren’t in your immediate view( like an apparel store around the block) to get a sense of the neighbourhood. According to Google, the Lens AR restatement system also performs better at decoding signs and other accoutrements written in foreign languages and displaying the restatement in your language. This is particularly helpful when trying to understand a menu written in a foreign language.

Drivers of EVs have been able to get real-time information about local charging stations for a while. But now Google Maps has a new filter that lets others choose to see fast charge-capable locations. That’s those with chargers rated for 50kW or higher so cars and trucks can be powered up faster.

Another important point you can take advantage of right down is the capability to see if a business is wheelchair-accessible or not. Head into the Google Charts settings menu, turn on the” Accessible Places” toggle, and you should see an icon next to businesses denoting whether or not they are fluently passable by those in wheelchairs. This point has been available in the U.S., Canada, and a couple of other countries for a while, but it’s now a part of the Google Charts experience encyclopedically.

Eas-E: PMV Electric launches one of the Most Affordable EV in India

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Nivedita Bangari

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November 18, 2022

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The Eas-E, a new electric vehicle from PMV Electric, has been introduced. It is the least expensive electric vehicle available in India. The car is technically a quadricycle because it only has two seats. There aren’t any options available on the market, though, if you want to purchase a little electric automobile. It’s the first electric vehicle under Rs 5 lakh in price (ex-showroom in India).

The price for the PMV electric vehicle starts at Rs. 4.79 lakh (ex-showroom). There will be three alternatives with various price points. The least expensive will be able to provide a range of 120 kilometres on a single charge. The top model has a 200 km range, while the second model has a 160 km range. The Mumbai-based automaker claims to have received 6,000 pre-orders since the bookings were made available. A payment of Rs 2,000 can be used to complete the pre-order process. The new electric vehicle will be produced in PMV’s Pune production facility, the company has stated. By the middle of 2023, deliveries are anticipated to start. A 3-year/50,000 km warranty will be included with the car’s sale.

Mumbai-based start-up PMV Electric launches 550kg EaS-E electric 2-seater at Rs 479,000, making it the most affordable electric car in India. Three range options: 120km, 160km & 200km; claimed top speed of 70kph & 0-40kph in under 5 seconds. Official pics https://t.co/N1TfO0qndG pic.twitter.com/4BfYSwA8W6
— Autocar Professional (@autocarpro) November 16, 2022

The motor of the PMV Electric has a 13 hp power rating and a 50Nm torque rating. PMV claims that Eas-E has a 0–40 kph time of fewer than 5 seconds and a top speed of 70 kmph. According to PMV, the car will only cost 75 paise for each kilometre. According to the manufacturer, it has a 1,157mm width, making it India’s slimmest quadricycle. Compared to the Tata Nano’s 3,099mm length, the PMV Eas-E is substantially smaller at 2,915mm. Its height is 1,600mm. The electric vehicle has a 2,080mm wheelbase and 170mm ground clearance.

With LED daytime running lamps adding some glitz to the front, the Eas-E gets a low-profile grille. Due to its extraordinary narrowness, the car can get by with just one wiper and two circular headlamps.

The vehicle receives a light bar on the taillight, giving it a more cutting-edge appearance. Both single-tone and dual-tone colour options for the new car are available for purchase. The vehicle has four doors in total, with one door located behind the other. The passengers will have easy access thanks to the four doors.

The slim shape of the Eas-E electric automobile has led to a distinctive dashboard. The steering wheel of the car is located directly in the middle of the dashboard. The driver’s seat of the car is adjustable. Both an infotainment display and an LCD digital instrument cluster are included with Eas-E purchases. Onboard navigation and smartphone communication will be supported by the display.

Depending on the driver’s preferences, the vehicle also has a variety of driving modes to maximise performance or range. Regenerative braking, single-pedal operation, remote parking assistance, and cruise control are also included. For future-proofing, the automobile will receive OTA updates and 4G connectivity.

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Kia EV6 Wholesale Sales shows slight decrease

Report: India might become the future World Leader in EV Production Market

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You can now buy Okaya EVs from Flipkart directly with 15-day guaranteed delivery

By

Raunak Saha

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November 18, 2022

0

You can now buy Okaya EVs from Flipkart directly with 15-day guaranteed delivery

Okaya EVs will now be available on Flipkart

As you know, Flipkart is the biggest e-commerce player in India and it has already started selling two-wheelers on its platform to offer almost any to everything online. Now, considering the craze of EVs in the country, Flipkart is now selling two-wheeler EVs on its platform directly and helping consumers like us to get the EV booked as well as eventually delivered to your doorsteps.

While a number of companies like Ather, Bounce Infinity, and Ampere have already started selling their EVs via Flipkart, now, as per the latest press release by the company, Okaya EVs will also be listed on Flipkart. The launch of Okaya’s range of EVs on Flipkart will enable them to make their offerings available to a wider base of millions of Flipkart customers across 9,000 pin codes in 245 cities including metros such as Bengaluru, Delhi and smaller cities including, Gondia, Jorhat, Mumbai and Sultanpur.

If you haven’t really seen EVs on Flipkart then head over to “Bikes and Cars” category and select “Two-wheelers” to access the selection. Here, you will have multiple two-wheelers to choose and you can filter for EVs as well, customers can also make use of Flipkart’s affordability constructs such as No Cost EMI and credit card offerings to make their purchases through a paperless experience.

Essetically, Flipkart is also promising a 15-day guaranteed delivery which again boosts confidence of new buyers, but, do see the availability depends on your pincode for each EVs from various makers. Okaya EVs as we checked in already available in popular cities like Bangalore with 15 days of booking and if you want to check their latest offerings you can directly check from the Flipkart app.

Rakesh Krishnan, Senior Director, Two-wheelers, Automobile, and Electronics at Flipkart, said, “As India’s homegrown e-commerce marketplace, Flipkart has been at the forefront of building new categories online and we are excited to have recently launched our two-wheeler category to democratize the rapidly evolving industry. Our aim is to offer a wide selection of multi brand two-wheelers across vehicle types with a 15-day delivery promise which is a first in the industry along with a paperless and affordable purchase experience. We are excited to make available Okaya’s range of EVs as we look to fulfill the evolving EV requirements of our customers across the country.”

The two-wheeler category has been witnessing impressive traction among customers with over 10x increase in searches since its launch on Flipkart.

Anshul Gupta, Director, Okaya EV, said, “We are one of the fastest growing EV brands in the country, drawing our legacy from over three decades of experience as a leader in the battery industry. We offer a healthy selection of both high speed and low Speed EVs which helps improve the selection for customers. With Flipkart’s deep understanding of customer needs and their industry-best affordability programs, we are hopeful of significantly expanding our reach among customers and bringing customer delight with a 15-day guaranteed delivery.”

Over the last few years, new age two-wheelers and EVs have been gaining traction in India on the back of growing interest towards sustainable mobility options, government subsidies and a wider selection available. Flipkart is using innovative ways to popularize online purchase of two-wheelers and conducted its first-ever Live Commerce event called ‘The Auto Hour Live’ during the festive season in October which saw participation of thousands of viewers.

via Flipkart Press Release

Kia EV6 Wholesale Sales shows slight decrease

By

Nivedita Bangari

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November 18, 2022

0

According to Kia, its global car sales grew to 238,660 vehicles in October, up 8.6% over the same month last year. The business was able to increase its year-to-date result to 2.41 million units (up 2.6%) as a result. Unfortunately, there hasn’t been much advancement in the BEV sector, as the volume of Kia EV6 vehicles fell year over year for the third consecutive month.

Kia EV6 wholesale sales last month totaled 6,518 units (closely connected to production), including 2,175 in South Korea and 4,343 exported.

The decrease from one year ago is 6.8%. Positively, the volume increased somewhat from October. This year, the average monthly sales seem to be around 6,800 (and 6,500 since August), thus October does not appear to mark a significant advancement.

EV6: 3,904 retail sales outside South Korea
(6,518 wholesale – 2,175 in South Korea and 4,343 exported)
Niro EV: 2,456 retail sales outside South Korea
Soul EV: 361 retails sales outside South Korea
Total*: at least 8,896 (down 22% year-over-year) or 3.7% of the total volume

Whether the factory can create any more or whether that is the maximum it can, it is difficult to determine Since Kia EV6 wholesale volume has already surpassed 68,000 units this year, we may continue to predict that at least 80,000 units may be produced by 2022. The company produced over 97,000 EV6 in total. Over 65,000 of them were exported, the majority.

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Mercedes has slashed its EV car Prices in China

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Kawasaki Z, Ninja electric bikes

Kawasaki Z, Ninja electric bikes

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Elon Musk is clearly to blame for this decline in value, both directly by selling billions of dollars’ worth of Tesla stock over the period and indirectly by some investors losing faith in him as a result of the Twitter crisis.

In addition to increasing infrastructure, provisions in the strategy have been made to lower the initial cost of electric vehicles. Buyers of Hybrid EVs will also benefit from this.

By the end of the year, General Motors says it is on target to sell 44,000 Chevy Bolt EVs and EUVs in the US at a loss. The Bolt is the only plug-in vehicle now being sold by the corporation in large quantities and at a loss.

Pravaig’s assertion regarding the Defy’s power and torque numbers makes things better.

Google Maps Now Shows EV Charging Stations

With LED daytime running lamps adding some glitz to the front, the Eas-E gets a low-profile grille. Due to its extraordinary narrowness, the car can get by with just one wiper and two circular headlamps.

Okaya EVs will now be available on Flipkart

Kia EV6 wholesale sales last month totaled 6,518 units (closely connected to production), including 2,175 in South Korea and 4,343 exported.

IndiaEVNews

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