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Mukesh Ambani Says Clean Energy, Biofuel, Digital Revolution To Make India A $40 Trillion Economy By 2047

Reliance Industries Chairman Mukesh Ambani shared three mantras to accomplish the mission of making India a green energy leader. Mukesh Ambani said the three mantras were "Think Big", "Think Green" and "Think Digital". “From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world,” while addressing the convocation of Pandit Deendayal Energy University (PDEU).As the ‘Amrit Kaal’ - the period between now and 2047 when India will be celebrating 100 years of independence - unfolds, the country will witness an unprecedented explosion in economic growth and opportunities, he announced. Reliance had earlier this year raised expectations with their renewable giga-plans. “We will transform our legacy business into a sustainable, circular and net-zero carbon materials business, and help transition India and the world from industrial civilisation to an ecological civilisation,” the billionaire said during the company’s annual general meet in June 2022.Mukesh Ambani said, “Three game-changing revolutions will govern India’s growth in the decades ahead,” he said. “The clean energy revolution, the bio-energy revolution and the digital revolution. While the clean energy revolution and the bio-energy revolution will produce energy sustainably, the digital revolution will enable us to consume energy efficiently.” RIL’s clean-energy arm, Reliance New Energy Solar, signed an agreement with Denmark-based Stiesdal to develop new technology to manufacture hydrogen electrolyzers in India, which, among other things, will reduce the price of green hydrogen to $1 per kilogram (from the current $4 to $6 per kilo) by the end of the decade.There has been a global shift toward renewable energy since  sustained climate advocacy, forcing many oil and mining majors to join the sector. The energy sector accounts for around 40% of India’s total greenhouse gas emissions, and the oil industry, 25%. India has been endeavoring to expand its green energy capacity over the past few years. However, targets were mostly missed due to a lack of resolve amongst authorities and economic viability of projects. For the year 2022, India has set an enterprising target of 175 gigawatts (GW) of renewable power.

EV Ultimo Team

24-11-2022

Here Is Why India Could Be A World Leader In Electric Vehicle Production - Part 1

A study by Berkeley Lab shows that India has the potential to become the world leader in electric vehicles production. The research underlines that making the transition from diesel-fuelled trucks to electric-charged will enable the country to meet the goal of net zero greenhouse gas emissions by 2070.Conducted in collaboration with the University of California, Los Angeles (UCLA), here are key takeaways from the report-1. India – already one of the world’s largest automobile producers and exporters – has all the necessary institutional infrastructure to begin transitioning to electric trucks and become a world leader in the next decade or so.2. Vehicle and automotive parts account for 4% of India’s exports, and its automotive industry has successfully managed challenges such as adapting to stringent emissions limits. 3. Electrification of truck fleets will enable fleet owners to insulate themselves against fuel price volatility.4. Large fleet owners can mitigate fuel price risk by purchasing fixed-price contracts for renewable electricity, as utilities now do through 25-year fixed-price power purchase agreements.5. Simple calculations suggest that, at the current average grid emissions intensity for India, BETs reduce the greenhouse gas intensity of freight by 9% to 35% across different classes of trucks when compared to diesel in addition to eliminating air pollution along highways and congested areas.6. Nevertheless, as is often the case for infant industries that promise external benefits (reduce pollution and create knowledge spillovers), sustained policy support will be needed for the BET industry if it is to attain commercial viability.7. Achieving minimum scale will only occur after a long maturation phase, during which electric trucks may entail both higher upfront cost and total cost of ownership relative to diesel trucks."The report notes that complementing the existing Production Linked Incentive (PLI) scheme will be critical for creating certainty for investors and the economies of scale needed to stimulate a positive feedback cycle of higher deployment and lower costs. Based on India’s current grid emissions, electric trucks would reduce greenhouse gas emissions to nine percent from 35 percent per kilometer compared with diesel trucks, the report said.STAY TUNED for Part 2 of this article for the projected rate of growth in vehicles and freight movement, aggregate missions that can be expected to rise sharply even under the most optimistic scenarios of improved fuel economy in the heavy-duty fleet in India.

EV Ultimo Team

17-11-2022

BYD Arrrives In India With An Electric SUV

BYD India entered the Indian market with the e6 electric MPV and now they are expanding their portfolio by adding a new electric SUV, called Atto3. The company has started obtaining advance bookings for its electric SUV- All one has to do is pay a token amount of just ₹ 50,000, and deliveries for the first 500 units will commence in January 2023.Powering the BYD Atto 3 is a 204PS and 310Nm electric motor on the front axle which gets from 0 to 100 kmph in 7.3s, which makes it one of the quickest accelerating cars in the sub ₹ 30 lakh EV segment. Its top speed is limited to 160 kmph. The Atto 3 will be offered with the larger 60.48kWh battery pack in India, with an ARAI-tested range of 521km. The battery pack is BYD’s blade battery and can also be used for a vehicle-to-load function.The feature list is vast with things like a panoramic sunroof, climate control, powered front seats, a one-touch electric opening/closing tailgate, and an ADAS suite. On the safety front, the Atto electric SUV has seven airbags, ABS, ESP, hill-hold assist, a 360-degree camera, and six radars for the ADAS system. The Atto 3 comes with a blanked-off silver grille at the front and a clean look for the tailgate. It is flanked by headlights with wing-shaped LED Daytime Running Lamps. The electric SUV features 18-inch five-spoke and dual-tone alloy wheels. It boasts a boot capacity of 440 liters.The BYD Atto 3 SUV will be assembled at the carmaker’s Sriperumbudur facility near Chennai, Tamil Nadu.

EV Ultimo Team

11-10-2022

Honda Prologue Electric SUV Is Set For Mass Production, Will It Arrive In India?

Honda has unveiled the design of its first all-electric SUV, designed in partnership with General Motors (GM). The 2024 model from Honda will be a mid-sized SUV based on GM’s Ultium battery packs. The Honda Prologue is now set for mass production. Honda revealed the full exterior and interior design that it calls "Neo-Rugged," as it's meant to look both technologically ahead and ready for rough roads.Given this is a GM partnership, it will more than likely launch in the left-hand drive US market in 2024 first. Honda states this top trim model finished in North Shore Pearl color will be exclusive to the Prologue. The Prologue features elements like a panoramic moonroof, 21-inch wheels, and a new spelled-out “Honda” badge for the rear. The interior looks familiar to other Hondas, as it features a freestanding 11.3-inch touchscreen running Honda’s infotainment software, a pack of buttons and knobs, and the fundamental simplicity of a Honda.Honda is preparing a unique transition agenda for those interested in Prologue now. Since it won’t be on sale until 2024, Honda will be offering two-year leases on the new Honda CR-V Hybrid (instead of the usual 3 years) that will lure consumers into choosing the Prologue right when it launches. This lease program is only available in ZEV states, though, and it doesn’t seem to guarantee Prologue allocation if one goes through with the program. In the domain of specs, Honda is providing some key measurements, such as a 121.8-inch wheelbase. That wheelbase is also 8 inches longer than the new 2023 Honda CR-V, and it’s also wider than the CR-V by 5 inches.Honda is celebrating 25 years since the Honda City was launched in the Indian market. The popular mid-size sedan went on sale in 1998. Earlier in 2022, Honda introduced the City Hybrid in India. It uses a 1.5-liter, 4-cylinder petrol engine paired with two electric motors, offering a combined output of 124 BHP and 253 Nm. Could we expect Honda CR-V or Prologue to arrive in the Indian market by 2024 since it is going into mass production?

EV Ultimo Team

06-10-2022

Cars

TATA  Nexon EV

₹ 15.01 L - ₹ 18.01 L

1 Reviews

Strom  R3

₹ 4.5 L - ₹ 4.5 L

1 Reviews

Strom  R3

₹ 4.5 L - ₹ 4.5 L

1 Reviews

Bikes

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